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Maker to Brazilian Real Converter and calculator

Convert 1Maker (MKR) to Brazilian Real (BRL) equals R$ 9,929.58 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Maker(MKR) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 9,929.58 BRL . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

BRL information

About the Brazilian Real (BRL)

What Is the Brazilian Real (BRL)?

The Brazilian Real (BRL), symbolized as R$ and denoted by the ISO code BRL, is the official currency of Brazil. The term "real" in Portuguese means both "royal" and "real." The Brazilian Real is the sole legal tender in Brazil, used across this vast country, which is the largest in both South America and the Latin American region. It facilitates all forms of financial transactions within the nation, from everyday purchases to large-scale business dealings.

The Brazilian Real is issued and regulated by the Central Bank of Brazil (Banco Central do Brasil), which is the primary monetary authority in the country. Established on December 31, 1964, the Central Bank is responsible for ensuring the stability of the currency's purchasing power and the soundness of the national financial system.

What Is the History of BRL?

The modern Brazilian Real was introduced on July 1, 1994, during the presidency of Itamar Franco. This was part of the Plano Real, a substantial plan to stabilize the Brazilian economy. The currency replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiro real. Initially, the real was pegged to the U.S. dollar, which helped stabilize its value. However, in 1999, following the Russian debt default and ensuing global financial crisis, Brazil was forced to partially float the real against the U.S. dollar.

Notes and Coins of BRL

Brazilian coins are minted in denominations of 5, 10, 25, 50 centavos, and 1 Real. The banknotes, issued by the Central Bank of Brazil, come in denominations of 2, 5, 10, 20, 50, 100, and 200 Reals. These notes feature various security enhancements and are designed to aid the visually impaired.

Brazil has issued several commemorative coins and banknotes, including a 10 Real note for the 500th anniversary of Portuguese arrival and a 1 Real coin for the 2016 Summer Olympics.

What Is the Relationship Between BRL and USD?

The relationship between the Brazilian Real (BRL) and the United States Dollar (USD) is a significant aspect of international finance, particularly in the context of exchange rates and trade. Initially, upon its introduction in 1994, the Real was pegged to the U.S. dollar, establishing a fixed exchange rate to stabilize Brazil's then-volatile economy. This peg was part of Brazil's broader strategy to control hyperinflation and foster economic stability.

However, in 1999, Brazil shifted to a floating exchange rate system due to external economic pressures, notably the Russian debt crisis. Since then, the Real's value against the Dollar has been subject to market forces, including Brazil's economic performance, inflation rates, political stability, and global financial market trends. The USD/BRL exchange rate is a crucial indicator for both countries, influencing trade balances, investment flows, and economic policies.

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Bitget crypto-to-fiat exchange data shows that the most popular Maker currency pair is the MKR to BRL, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.

MKR to BRL conversion rate trend

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In the past 1D, Maker has changed -1.81% to BRL. Based on the trend and price charts, Maker(MKR) has changed -1.81% to BRL while Brazilian Real(BRL) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R$9,883
0.0001% / 0.0004%vip-iconVIP
Binance
R$9,886.29
0.1000% / 0.1000%
Yes
OKX
R$9,890.79
0.080% / 0.100%
Yes
Huobi
R$9,882.25
0.1000% / 0.1000%
Yes
Gate.io
R$9,878.8
0.1000% / 0.1000%
Yes
Bybit
R$9,913.77
0.1000% / 0.1000%
Yes
KuCoin
R$9,887.74
0.1000% / 0.1000%
Yes
Bitfinex
R$9,921.76
0.1000% / 0.1000%
Yes
Last updated 2024/02/23 23:00:33(UTC+0)

What factors influence the conversion rate of Maker to Brazilian Real?

Maker to Brazilian Real is falling this week.
Maker's current market price is R$ 9,929.58 per MKR, with a total market cap of R$ 9,167,798,258.07 BRL based on a circulating supply of 923,281.4 MKR. The trading volume of Maker has changed by +19.43% (R$ 50,729,642.01 BRL) in the last 24 hours. Last trading day, MKR's trading volume was R$ 261,138,981.74.
Market cap
$1.84B
24h volume
$62.43M
Circulating supply
923.28K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at R$ 9,929.58 BRL , which means buying 5 MKR will cost R$ 49,647.91 BRL . Similarly, R$1 BRL can be traded for 0.0001007 MKR, and R$50 BRL can be converted to 0.005035 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Brazilian Real has changed by -4.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.81%, reaching a high of 10,158.07 BRL and a low of 9,782.96 BRL . One month ago, the value of 1 MKR was R$ 10,569.53 BRL , which represents a -6.05% change from its current value. Over the last year, Maker has changed by
+R$
1,234.96BRL
, resulting in a change of +168.44% in its value.

MKR to BRL

Amount
23:47 today
0.5 MKR
R$4,964.79
1 MKR
R$9,929.58
5 MKR
R$49,647.91
10 MKR
R$99,295.82
50 MKR
R$496,479.09
100 MKR
R$992,958.18
500 MKR
R$4,964,790.89
1000 MKR
R$9,929,581.77

BRL to MKR

Amount23:47 today
0.5BRL0.{4}5035  MKR
1BRL0.0001007  MKR
5BRL0.0005035  MKR
10BRL0.001007  MKR
50BRL0.005035  MKR
100BRL0.01007  MKR
500BRL0.05035  MKR
1000BRL0.1007  MKR
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Today vs. 24 hours ago

Amount23:47 today24 hours ago24h change
0.5 MKR$993.83$1,012.12
-1.81%
1 MKR$1,987.67$2,024.24
-1.81%
5 MKR$9,938.33$10,121.2
-1.81%
10 MKR$19,876.65$20,242.41
-1.81%
50 MKR$99,383.28$101,212.04
-1.81%
100 MKR$198,766.55$202,424.08
-1.81%
500 MKR$993,832.75$1,012,120.4
-1.81%
1000 MKR$1,987,665.5$2,024,240.8
-1.81%

Today vs. 1 month ago

Amount23:47 today1 month ago1M change
0.5 MKR$993.83$1,057.88
-6.05%
1 MKR$1,987.67$2,115.77
-6.05%
5 MKR$9,938.33$10,578.84
-6.05%
10 MKR$19,876.65$21,157.67
-6.05%
50 MKR$99,383.28$105,788.37
-6.05%
100 MKR$198,766.55$211,576.73
-6.05%
500 MKR$993,832.75$1,057,883.65
-6.05%
1000 MKR$1,987,665.5$2,115,767.3
-6.05%

Today vs. 1 year ago

Amount23:47 today1 year ago1Y change
0.5 MKR$993.83$370.23
+168.44%
1 MKR$1,987.67$740.46
+168.44%
5 MKR$9,938.33$3,702.28
+168.44%
10 MKR$19,876.65$7,404.57
+168.44%
50 MKR$99,383.28$37,022.85
+168.44%
100 MKR$198,766.55$74,045.69
+168.44%
500 MKR$993,832.75$370,228.45
+168.44%
1000 MKR$1,987,665.5$740,456.9
+168.44%

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FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.