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base info Polygon

Polygon to Brazilian Real Converter and calculator

Convert 1Polygon (MATIC) to Brazilian Real (BRL) equals R$ 5.32 | 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 Polygon(MATIC) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 5.32 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 Polygon currency pair is the MATIC to BRL, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.

MATIC to BRL conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed +5.29% to BRL. Based on the trend and price charts, Polygon(MATIC) has changed +5.29% to BRL while Brazilian Real(BRL) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R$5.31
0.0001% / 0.0004%vip-iconVIP
Binance
R$5.32
0.1000% / 0.1000%
Yes
Coinbase Exchange
R$5.31
0.1000% / 0.1000%
Yes
Kraken
R$5.32
0.1000% / 0.1000%
Yes
OKX
R$5.33
0.080% / 0.100%
Yes
Huobi
R$5.32
0.1000% / 0.1000%
Yes
Gate.io
R$5.33
0.1000% / 0.1000%
Yes
Bybit
R$5.31
0.1000% / 0.1000%
Yes
KuCoin
R$5.33
0.1000% / 0.1000%
Yes
Bitfinex
R$5.32
0.1000% / 0.1000%
Yes
Last updated 2024/03/02 07:00:27(UTC+0)

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

Polygon to Brazilian Real is rising this week.
Polygon's current market price is R$ 5.32 per MATIC, with a total market cap of R$ 52,654,847,971.26 BRL based on a circulating supply of 9,899,153,000 MATIC. The trading volume of Polygon has changed by -3.52% (R$ -124,832,892.27 BRL) in the last 24 hours. Last trading day, MATIC's trading volume was R$ 3,544,375,135.32.
Market cap
$10.63B
24h volume
$690.16M
Circulating supply
9.90B MATIC

Conversion tables

The exchange rate of Polygon is increasing.
1 MATIC is currently valued at R$ 5.32 BRL , which means buying 5 MATIC will cost R$ 26.6 BRL . Similarly, R$1 BRL can be traded for 0.1880 MATIC, and R$50 BRL can be converted to 9.4 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Brazilian Real has changed by +6.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.29%, reaching a high of 5.4 BRL and a low of 4.97 BRL . One month ago, the value of 1 MATIC was R$ 3.85 BRL , which represents a +38.07% change from its current value. Over the last year, Polygon has changed by
-R$
0.4635BRL
, resulting in a change of -8.01% in its value.

MATIC to BRL

Amount
07:23 am today
0.5 MATIC
R$2.66
1 MATIC
R$5.32
5 MATIC
R$26.6
10 MATIC
R$53.19
50 MATIC
R$265.96
100 MATIC
R$531.91
500 MATIC
R$2,659.56
1000 MATIC
R$5,319.13

BRL to MATIC

Amount07:23 am today
0.5BRL0.09400  MATIC
1BRL0.1880  MATIC
5BRL0.9400  MATIC
10BRL1.88  MATIC
50BRL9.4  MATIC
100BRL18.8  MATIC
500BRL94  MATIC
1000BRL188  MATIC
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Today vs. 24 hours ago

Amount07:23 am today24 hours ago24h change
0.5 MATIC$0.5368$0.5098
+5.29%
1 MATIC$1.07$1.02
+5.29%
5 MATIC$5.37$5.1
+5.29%
10 MATIC$10.74$10.2
+5.29%
50 MATIC$53.68$50.98
+5.29%
100 MATIC$107.36$101.96
+5.29%
500 MATIC$536.78$509.8
+5.29%
1000 MATIC$1,073.55$1,019.61
+5.29%

Today vs. 1 month ago

Amount07:23 am today1 month ago1M change
0.5 MATIC$0.5368$0.3888
+38.07%
1 MATIC$1.07$0.7775
+38.07%
5 MATIC$5.37$3.89
+38.07%
10 MATIC$10.74$7.78
+38.07%
50 MATIC$53.68$38.88
+38.07%
100 MATIC$107.36$77.75
+38.07%
500 MATIC$536.78$388.76
+38.07%
1000 MATIC$1,073.55$777.52
+38.07%

Today vs. 1 year ago

Amount07:23 am today1 year ago1Y change
0.5 MATIC$0.5368$0.5835
-8.01%
1 MATIC$1.07$1.17
-8.01%
5 MATIC$5.37$5.84
-8.01%
10 MATIC$10.74$11.67
-8.01%
50 MATIC$53.68$58.35
-8.01%
100 MATIC$107.36$116.71
-8.01%
500 MATIC$536.78$583.55
-8.01%
1000 MATIC$1,073.55$1,167.09
-8.01%

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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.