Brazilian Real (BRL)
EUR/BRL
Current exchange rate
1 EUR = 5.8920 BRL
Previous close
5.8857
Inverse rate
0.169722
Rate date
2026-09-21
Quick conversion table
About Brazilian Real
The EUR/BRL exchange rate is published daily by the Bank of Portugal based on reference data from the European Central Bank. It is the official reference rate used for accounting, tax and statistical purposes in Portugal.
History and Economic Context
The Brazilian real was introduced in 1994 as part of the Plano Real to stabilise the economy after decades of hyperinflation. Brazil is Latin America's largest economy and a BRICS member.
Relationship with the Euro
The EUR/BRL rate is influenced by commodity prices, Brazilian domestic politics and global risk appetite. The Central Bank of Brazil maintains one of the highest benchmark interest rates among emerging economies.
Relevance for Portuguese Businesses
Brazil is a strategic partner for Portugal due to historical, linguistic and cultural ties. Thousands of Portuguese companies operate in Brazil. The EUR/BRL rate is essential for remittances, investments and bilateral trade.