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base info Orchid

Orchid to Brazilian Real Converter and calculator

Convert 1Orchid (OXT) to Brazilian Real (BRL) equals R$ 0.5506 | Bitget

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 Orchid currency pair is the OXT to BRL, with for Orchid's currency code being OXT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.

OXT to BRL conversion rate trend

1D7D1M3M1YAll
In the past 1D, Orchid has changed +1.77% to BRL. Based on the trend and price charts, Orchid(OXT) has changed +1.77% to BRL while Brazilian Real(BRL) has changed % to OXT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R$0.5467
0.0001% / 0.0004%vip-iconVIP
Binance
R$0.5474
0.1000% / 0.1000%
Yes
OKX
R$0.5453
0.080% / 0.100%
Yes
Huobi
R$0.5469
0.1000% / 0.1000%
Yes
Gate.io
R$0.5472
0.1000% / 0.1000%
Yes
KuCoin
R$0.5459
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 20:00:29(UTC+0)

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

Orchid to Brazilian Real is falling this week.
Orchid's current market price is R$ 0.5506 per OXT, with a total market cap of R$ 539,506,529.18 BRL based on a circulating supply of 979,779,140 OXT. The trading volume of Orchid has changed by -47.57% (R$ -22,820,936.23 BRL) in the last 24 hours. Last trading day, OXT's trading volume was R$ 47,970,353.42.
Market cap
$102.40M
24h volume
$4.77M
Circulating supply
979.78M OXT

Conversion tables

The exchange rate of Orchid is decreasing.
1 OXT is currently valued at R$ 0.5506 BRL , which means buying 5 OXT will cost R$ 2.75 BRL . Similarly, R$1 BRL can be traded for 1.82 OXT, and R$50 BRL can be converted to 90.8 OXT, excluding any platform or gas fees.
The exchange rate of 1 OXT to Brazilian Real has changed by -28.66% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.77%, reaching a high of 0.5587 BRL and a low of 0.5256 BRL . One month ago, the value of 1 OXT was R$ 0.7909 BRL , which represents a -30.35% change from its current value. Over the last year, Orchid has changed by
+R$
0.08327BRL
, resulting in a change of +17.79% in its value.

OXT to BRL

Amount
20:43 today
0.5 OXT
R$0.2753
1 OXT
R$0.5506
5 OXT
R$2.75
10 OXT
R$5.51
50 OXT
R$27.53
100 OXT
R$55.06
500 OXT
R$275.32
1000 OXT
R$550.64

BRL to OXT

Amount20:43 today
0.5BRL0.9080  OXT
1BRL1.82  OXT
5BRL9.08  OXT
10BRL18.16  OXT
50BRL90.8  OXT
100BRL181.61  OXT
500BRL908.03  OXT
1000BRL1,816.07  OXT
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Today vs. 24 hours ago

Amount20:43 today24 hours ago24h change
0.5 OXT$0.05226$0.05134
+1.77%
1 OXT$0.1045$0.1027
+1.77%
5 OXT$0.5226$0.5134
+1.77%
10 OXT$1.05$1.03
+1.77%
50 OXT$5.23$5.13
+1.77%
100 OXT$10.45$10.27
+1.77%
500 OXT$52.26$51.34
+1.77%
1000 OXT$104.51$102.69
+1.77%

Today vs. 1 month ago

Amount20:43 today1 month ago1M change
0.5 OXT$0.05226$0.07506
-30.35%
1 OXT$0.1045$0.1501
-30.35%
5 OXT$0.5226$0.7506
-30.35%
10 OXT$1.05$1.5
-30.35%
50 OXT$5.23$7.51
-30.35%
100 OXT$10.45$15.01
-30.35%
500 OXT$52.26$75.06
-30.35%
1000 OXT$104.51$150.12
-30.35%

Today vs. 1 year ago

Amount20:43 today1 year ago1Y change
0.5 OXT$0.05226$0.04435
+17.79%
1 OXT$0.1045$0.08871
+17.79%
5 OXT$0.5226$0.4435
+17.79%
10 OXT$1.05$0.8871
+17.79%
50 OXT$5.23$4.44
+17.79%
100 OXT$10.45$8.87
+17.79%
500 OXT$52.26$44.35
+17.79%
1000 OXT$104.51$88.71
+17.79%

FAQ

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