Brazilian Real to Mexican Peso — exchange rate

The Brazilian real (R$) is the national currency of Brazil, issued by the Central bank of this South American country. The currency is also known as BRL. One Brazilian real can be changed for 100 centavos.

These coins are made out of stainless steel, and are decorated with traditional symbols. The Brazilian real replaced the short-term currency cruzeiro real in 1994. The government issued the new currency in spring, 2000. Banknotes were made out of polymer, because plastic is less susceptible to damage from humidity and high temperature. Today, polymer notes make 10% of total funds.

The Mexican peso (symbol: $, code: MXN, number: 484 ) is the official currency of Mexico. Its notes and coins are not used in other countries. A widespread international name for the currency used on the exchange market and in exchange offices is MXN.

Mexican peso can be subdivided into centavos. Every MXN has 100 centavos. The currency first appeared in 1993 and replaced the Mexican reals. Up until 1999 the currency had been called the new Mexican peso. As soon as this currency appeared, it became a catalyzer for a large-scale financial crisis. Real had gone through inflation before, but the consequences of the 1992 crisis become fatal for the old monetary unit.