The Federative Republic of Brazil is world famous for its vibrant carnivals, hot climate and, of course, coffee plantations. Rio de Janeiro, for example, is known for its symbol - the statue of Christ the Redeemer. In general, Brazil is rich in attractions.
The country's cultural wealth can also be studied with its currency: Brazilian realities are the national currency of the Republic, which can tell a lot about the history and unification of this state.
Brazilian Reals History
The path to the introduction of a single national currency in Brazil symbolizes the process of universal unification and the emergence of an independent state. In the 17th century, the Spanish real was used on the territory of Brazil. In 1652, it was replaced by a Brazilian flight, it lasted for almost 3 centuries, until 1942.
Severe for the global economy, including Brazil, the crisis of 1942 led to a fleeting depreciation of the flight. Therefore, the government decided to introduce a new currency, Cruzeiro. Unfortunately, she, too, could not hold her position for a long time and depreciated completely in 1986.
The currency that has lost its value has been replaced by a new one - cruzado. But economic practice showed instability, due to financial turmoil, the leadership of the republic was forced to make changes again. So in 1993, Cruzeiro Real appeared, but, alas, the economic situation was even more tense, leading to a rapid total denomination of this currency. On July 1, 1994, Brazilian realities came into circulation.
To date, the currency has a stable position and has a tendency to a long stay in circulation. Since 1994, there have been several re-releases of money, which entailed a qualitative change in the attributes of authentication of authenticity.
Rating and appearance of the currency of Brazil
It should be noted that Brazilian realities are divided into centavos in a ratio of 1 to 100.
In circulation there are paper bills of the following denominations: 1, 2, 5, 10, 20, 50, 100 reais. Banknotes of the republic have the same image on the front: a bust of a statue with a laurel crown, which is an allegorical symbol of all of Brazil. On the other hand, the choice of image for the reverse side is unusual: each bill depicts one of the animals living in Brazil and its coastal waters: hummingbird, sea turtle, lake great white heron, macaw parrot, lion tamarin monkey, jaguar and grouper fish.
Brazilian realities, presented in the form of coins, have the following denominations: 1, 5, 10, 25, 50 centavos, 1 real. All of them are bimetallic, using a galvanized coating, and a coin with a value of 1 real additionally has a brass rim.
Brazilian realities in the global currency market
The dynamics of the real exchange rate in relation to the basket of world currencies is stable, however, in the last 2 years, with the conditional point of the report in 2013, the Brazilian currency has shown outpacing rates of decline, which is a negative sign of devaluation. The designation of the Brazilian real in the international financial market is BRL.
The daily USD / BRL chart is shown in the photo.
As of mid-January 2016, the market rate of the real to a basket of major world currencies:
- USD / BRL 4.0161.
- EUR / BRL 4.3679.
- GBP / BRL 5.8023.
- CAD / BRL 2.7996.
- AUD / BRL 0.6966.
- NZD / BRL 2.6225.
- RUR / BRL 0.5000.