As of April 2019, the real was the twentieth most traded currency . [1] Currencies in use before the current real include: The Portuguese real from the 16th to 18th centuries, with 1,000 réis called the milréis. The old Brazilian real from 1747 to 1942, with 1,000 réis also called the milréis. Besides the Brazilian real, no other currency is officially accepted in Brazil . There are a couple of reasons why you might be interested to find out the currency in Brazil . Click on the reason that best applies to you below to find out more: Don't use your bank for currency exchange, Find cheaper, faster, and savvier alternatives instead! This guide covers all you’ll need to know about the official currency in Brazil, where to get it and how to keep your costs down during your trip. What is the currency in Brazil? The official currency in Brazil is the Brazilian Real , which is issued and overseen by the Central Bank of Brazil. Since 1942, Brazil had eight different currencies, starting with the Cruzeiro. In July 1994, the present-day currency , the Real, replaced the Cruzeiro Real, which circulated for only 10 months. The Real draws its name from the pre-1942 currency .
