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Convert Brazilian reals (BRL) to American Dollars USD
Very useful on line tool for fast and accurate conversion Brazilian reals to Dollars.
Enjoy in work and calculations! The currency data are updated daily.
Convert Brazilian reals (BRL) to American Dollars,European Eur exchange rate:
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Saturday 22nd of October 2016 06:58:24 PM
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Brazil is one of the most exotic countries with of course very exotic corency rate for its own Real. In those purpose we prepare daily updated on line currency converter for fast and eligible real time rate.
Best exchange rates for Brazil Reals are one of the most important tasks if you plan to visit Brazil. Here you can make some analyses for these daily tasks. You can daily observe what is happening with ratio USD BRL and EUR BRL at every moment.
The Real is the present-day currency of Brazil and was also the currency during the period 1690 to 1942.
When the first real circulated, the plural used was réis. The currently used plural form is reais,
with the symbol R$ and ISO 4217 code BRL. The modern real is subdivided into 100 centavos.
The exchange rate as of May 29, 2009 is approximately BRL 1.97 to USD 1.00.
In 1994, Real coins were introduced in denominations of 1, 5, 10, 25 and 50 cents and 1 Real. All were struck in stainless steel. In 1998, a second series of Real coins was introduced, with copper-plated steel 1 and 5 centavos, brass-plated steel 10 and 25 centavos, a cupronickel 50 centavos and a bi-coloured brass and cupronickel 1 Real (from 2002 onwards a steel 50 centavos and a bi-coloured brass and steel 1 real). Both series of coins are valid, but the government has plans to eventually remove the first from circulation. On December 23, 2003, the first type 1 real coin started to be withdrawn from circulation. In November, 2005, the Brazilian Central Bank decided to discontinue the production of 1 centavo coins due to their small value. However, the existing coins continue to be valid. Most retailers tend to round their prices to the next 5 or 10 centavos.
In April 2000, in comemoration of the 500th anniversary of the Portuguese arrival on Brazilian shores, the Brazilian Central Bank released a polymer 10 real banknote that circulates along with the other banknotes above. The Brazilian Mint printed 250 million of these notes, which at the time accounted for about half of the 10 real banknotes in circulation.
This note contains a more complex design, as follows: Obverse:
Image of Pedro Álvares Cabral, the Portuguese sea captain;
A representation of the map "Terra Brasilis", one of the earliest drawings of the land;
A passage from Pero Vaz de Caminha's letter to King Manuel I of Portugal, the first known description of Brazil;
A 16th century Portuguese Rose of Winds;
To the right of the map, five ships from Cabral's expedition appear;
In the background, decorative elements from Portuguese tiles can be seen;
The white area around the red dot is actually transparent (the red dot is translucent);
Finally, also in the background, the Cross from the Order of Christ, which was present in all Portuguese ships of the time, appears.
Reverse: A styled version of a map of Brazil with photographs depicting the ethnic variety of the Brazilian people (white, black, amerindian).
Brazil has a moderate free market and export-oriented economy. Measured nominally, its gross domestic product surpasses a trillion dollars, the tenth in the world and the second in the Americas; measured by purchasing power parity, $1.9 trillion, making it the eighth largest economy in the world and the second largest in the Americas, after the United States.In Reais (Brazilian currency), its GDP is estimated at R$2.6 trillion reais in 2007.
Brazil is a member of diverse economic organizations, such as Mercosul, SACN, G8+5, G20 and the Cairns Group. Its trade partners number in the hundreds, with 80% of exports mostly of manufactured or semimanufactured goods. Brazil's main trade partners are: the EU (26% of trade), Mercosur and Latin America (25%), Asia (16%), the United States (14.3%), and others (18.7%).
The owner of a sophisticated technological sector, Brazil develops projects that range from submarines to aircraft and is involved in space research: the country possesses a satellite launching center and was the only country in the Southern Hemisphere to integrate the team responsible for the construction of the International Space Station (ISS). It is also a pioneer in many fields, including ethanol production.
Brazil is also a pioneer in the fields of deep water oil research from where 73% of its reserves are extracted. According to government statistics, Brazil was the first capitalist country to bring together the ten largest car assembly companies inside its national territory.
"In Brazil a labor-union leader has presided over an amazing period of social and economic progress. It is also one of the few countries that have successfully managed to reduce economic inequality at a time when everywhere else inequities are deepening. Successive Brazilian governments, of rival political parties, have succeeded in improving education, health and the living standards of millions of impoverished citizens who have now joined a growing middle class. Brazil has an energy policy that has spawned the world's most vibrant biofuels industry. In 1995, 15 percent of Brazilian school-age children did not go to school. In 2005, this fell to 3 percent, and today Brazil has practically achieved universal basic education."
Support for the productive sector has been simplified at all levels; active and independent, Congress and the Judiciary Branch carry out the evaluation of rules and regulations. Among the main measures taken to stimulate the economy are the reduction of up to 30% on Manufactured Products Tax (IPI), and the investment of $ 8 billion on road cargo transportation fleets, thus improving distribution logistics. Further resources guarantee the propagation of business and information telecenters.
The Policy for Industry, Technology and Foreign Trade, at the forefront of this sector, for its part, invests $ 19.5 billion in specific sectors, following the example of the software and semiconductor, pharmaceutical and medicine product, and capital goods sectors.