United States dollar brazilian real history for May 2023. The highest quote for this month is 5.1214 (31/05/2023) and the lowest 5.0323 (31/05/2023). The difference between high and low is 1.74.
USD BRL average rate for May 2023 is 4.9664, the change between 01/05/2023 and 31/05/2023 is -2.33 %.
| 15 May 2023 | 1 USD = 4.920 BRL |
| 17 May 2023 | 1 USD = 4.939 BRL |
| 24 May 2023 | 1 USD = 4.971 BRL |
| 31 May 2023 | 1 USD = 5.03 BRL |
15/08/2018: Elections and Political Uncertainty
The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.
22/01/2015: Real Hits 10-Year Low
The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.
15/09/2008: Global Financial Crisis Impact
As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.
27/07/2005: New Currency Symbol
The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.
18/06/2002: Exchange Rate Floatation
The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.
15/01/1999: Devaluation of the Real
Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.
01/07/1994: Introduction of the Real Plan
The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.