Brazil has a long history of ever-changing currency forms that began in the 16th century with Spanish coins first making an appearance. From then on, gold, copper and paper were also introduced. Brazil has the largest economy in South America, but in 1994, Brazil was quaking under rampant inflation. The economic solution that was subsequently developed — the Plano Real (Real Plan) — involved a monetary reform package that introduced the modern-day Brazilian Real.
Brazilian Real Contract Specifications
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Brazilian Real Facts
Brazilian Real futures allow traders to assess value against the U.S. dollar, as well as the opportunity to address risk from currency fluctuations in other foreign trade markets.
The Central Bank of Brazil is responsible for setting monetary policy as it pertains to its currency. This includes, but is not limited to the setting of interest rates. Interest rates are fundamental in determining currency values as money is pumped in or out of the marketplace, and overall can have an effect on the value of the Brazilian Real.
Source: Central Bank of Brazil
Last updated September 2015.