The lowdown on the Brazilian real
Economical Influences and the Brazilian Real
If you are considering converting AUD to BRL, it is good to get a snapshot on how the economy may influence the Brazilian exchange rate.
As of 2016 the Brazilian real was the 19th most-traded currency in the world.1 Brazil’s economy is the largest in South America and the 8th largest internationally. During 2015 and 2016 Brazil experienced the worst recession ever seen in its history; to combat inflation, the Central Bank of Brazil lowered benchmark interest rates from 13.57% to 7% between 2016 and 2017. In 2017 Brazil’s GDP rose by 1% and inflation fell to a record low of 2.9%. Brazil belongs to the Common Market of the South (Mercosur), a trade bloc including Argentina, Paraguay and Uruguay.2
Brazilian Real Historical Exchange Rate
Back in January 2015, prior to Brazil’s 2015 recession, 1 AUD was worth approximately 2.03322 BRL - over the next year this figure would soar to around 2.90298 by January 2016.3
Following benchmark interest rate cuts and economic reforms, inflation in Brazil dropped throughout 2017, with 1 AUD fluctuating to around 2.5 BRL for the majority of 2017. 2018 has seen the Brazilian economy continue to struggle to recover from its 2015-16 recession; however the exchange rate has increased steadily throughout the year with 1 AUD equating to around 2.97125 as of 20 August 2018.3
Exchange rates last updated Friday, 06 December 2019 10:44:59 AM AEDT. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 6 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
1. Bank for International Settlements - http://stats.bis.org/statx/srs/table/d11.3
2. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/br.html
3. XE- https://www.xe.com/currencycharts/?from=AUD&to=BRL&view=5Y. Based on mid-market rates as of 20 August 2018.
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.