About the AUD/BRL rate
The AUD/BRL rate is how many BRL one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/BRL rate history.
Related views of this rate: the reverse rate, BRL → AUD, is on the receiving Brazilian real view, and sending Australian dollars to Brazil is covered on the AUD → BRL transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
Four months when Brazil priced in one currency and paid in another
Brazil's difficulty in the early 1990s was not that prices were high but that they were wired to their own past. Contracts, wages and tariffs reset to previously recorded inflation on schedules that were not synchronised with one another, so each round of resets produced the next one. Banco Central do Brasil's own account of the period identifies that indexation as the mechanism which had to be broken.
The instrument it used was not a banknote. In March 1994 the authorities introduced a new unit of account, the unidade real de valor, whose value the central bank adjusted daily in line with the currency's loss of purchasing power. Prices, wages and the exchange rate were all redenominated into it - prices converted directly, wages by their average past purchasing power. For four months the country priced in one money and paid in another: quotes were in URV, settlement was in cruzeiros reais, and the conversion between them was published every day.
On 1 July 1994 the indexation mechanism was extinguished and the unit of account was declared to be the currency. That is the real. Because every contract had already been rewritten in it, there was nothing left to re-index. Annual inflation, which the central bank puts at 929 per cent in 1994, was under 2 per cent by 1998.
The exchange arrangement took longer to settle. The same central bank paper records a crawling band running from July 1995 with an annual devaluation target of around 7.5 per cent, abandoned in mid-January 1999. What replaced it is what operates now: a float, with an inflation target the International Monetary Fund puts at 3 per cent. Reviewing the country in 2025, the International Monetary Fund described the flexible exchange rate and Brazil's reserves as valuable shock buffers, while continuing to ask for the financial transaction tax charged on foreign exchange to be phased out, on the ground that it amounts to a multiple currency practice.
Sources: Banco Central do Brasil, Working Paper Series 24, Inflation targeting in Brazil · International Monetary Fund, Brazil 2025 Article IV Consultation