Direct funding in EUR and GBP is now available for Singapore businesses
Until recently, funding an international payment in EUR or GBP still meant converting to SGD…
The Brazilian Real (BRL) is the official currency of Brazil, issued by the Central Bank of Brazil. Introduced in 1994 as part of the Plano Real economic stabilization plan, it replaced the hyperinflation-stricken cruzeiro real. The real is a free-floating currency, and its value is influenced by commodity prices, foreign investment, and economic policies. The real is subdivided into 100 centavos, and banknotes range from R$2 to R$200, while coins are issued in values from R$0.05 to R$1. As the largest economy in South America, Brazil’s real is widely traded, but it can be volatile due to inflation and political uncertainties.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.