MXN vs BRL
🇧🇷1 MXN = 0.29 BRL
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
MXN / BRL| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About MXN / BRL
🇲🇽 MXN — Mexican Peso
The Mexican Peso is the most traded currency in Latin America and among the most traded emerging market currencies globally. It is the eighth most traded currency in the world by daily turnover.
🇧🇷 BRL — Brazilian Real
The Brazilian Real is the official currency of Brazil, the largest economy in South America. It was introduced in 1994 as part of an economic stabilization plan that successfully curbed hyperinflation.
Key Factors Affecting MXN/BRL
🇲🇽 MXN Drivers
- Banxico (Bank of Mexico) interest rate decisions
- US-Mexico trade relations and USMCA
- Oil prices and Pemex production data
- Remittance flows from the US to Mexico
🇧🇷 BRL Drivers
- Brazilian interest rate (Selic rate) decisions
- Commodity prices, especially soybeans and iron ore
- Political stability and fiscal policy
- Global emerging market sentiment
💡 Did You Know? — MXN
The Mexican peso was the first currency in the world to use the '$' sign, which was later adopted by the United States dollar.
💡 Did You Know? — BRL
Before the Real was introduced in 1994, Brazil had changed its currency eight times in less than a century due to chronic hyperinflation.
Economy Overview
🇲🇽 Mexico
Mexico has a large, diversified economy closely linked to the United States through trade and manufacturing. It is a major exporter of vehicles, electronics, and oil.
🇧🇷 Brazil
Brazil has a diverse economy with strong agricultural exports (soybeans, coffee, beef), significant oil reserves, and a growing services sector. The Central Bank of Brazil sets monetary policy.