Convert 700 Brazilian Real (BRL) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on November 14th 2024 ( 11/14/2024 )
Below you will find the latest exchange rates for exchanging Brazilian Real (BRL) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Brazilian Real (BRL) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Brazilian Real and Canadian Dollar on 11/14/2024 is 1 BRL = 0.2413 CAD - AVERAGE intraday quotes were used for this currency conversion.
The Brazilian real is symbolized with the R$ sign. Each real, plural reais, is divided into 100 centavos. The Central Bank of Brazil focuses on price stability with monetary policy and uses the USD as their reserve currency.
The BRL is available in banknotes valued at R$2, R$5, R$10, R$20, R$50, R$100 and coins valued at 5, 10, 25, 50 centavos, R$1. Both the R$1 banknote and 1 centavo coin were discontinued in 2006, though both remain in use as legal tender.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
