Find the best exchange rate when converting your British pounds to Brazilian real.
If you’re a forex investor or simply looking to trade British pounds for Brazilian real, get the most for your money with a strong exchange rate.
Today’s mid-market rate
The mid-market pound-to-real exchange rate is 1 GBP = 3.84 BRL. (Rate accurate as of March 8, 2017.)
How does the British pound trade against the Brazilian real historically?
The oldest actively traded currency on the forex market, the British pound has a rich history. The modern Brazilian real was more recently introduced in 1994, when it replaced the old cruzeiro real. The introduction of the Brazilian real was part of a substantial monetary reform package to put an end to three decades of aggressive inflation. At the time of its introduction, the Brazilian real was 1:1 with the US dollar and 1.531964 per British pound.
In 1999, the Brazilian real suffered a sudden devaluation when it reached 3.349984 per pound and continued weakening until it reached an average of 5.340115 per pound in 2004. The real made a partial recovery, dropping to 2.681208 per pound in 2011 until the domestic economic crisis of 2015. The British pound thrived during the Brazilian economic crisis with an exchange rate of 5.9 BRL = 1 GBP.
Since 2015, the real has been made a gradual recovery. Brexit — or Britain’s proposed exit from the European Union — in June 2016 helped its recovery. In June 2016 the real averaged 4.900208 per pound, dropping to 4.300524 per pound in July 2016. Since Brexit, the British pound has weakened against the Brazilian real, reaching under 4.0 to the real in 2017.
Exchange rate history: British pound to Brazilian real
Using historical data to forecast the GBP/BRL exchange rate
The past can be a good indicator of the future. The sociopolitical atmosphere, interest and inflation rates, foreign trade, public debt and export-to-import price ratios all influence exchange rates.
We’ve put together the annual average exchange rate for the British pound against the Brazilian real from 2007 to 2016.
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Here’s the monthly average exchange rate for the British pound against the Brazilian real over the past 12 months.
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What affects GBP > BRL exchange rates?
The five main factors influencing the British pound and Brazilian real are monetary policy, price inflation, confidence and sentiment, economic growth using the gross domestic product (GDP) and the balance of payments. These factors can offer a comprehensive view of the direction a currency is going.
When exchanging British pounds for Brazilian real, find a provider that offers two-sided quotes to understand the spread they charge. If they show you only the buy or sell rate — but not both — consider looking elsewhere. Ultimately, the close you can get to the mid-market rate, the better the deal.