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base info Pyth Network

Pyth Network to Brazilian Real Converter and calculator

Convert 1Pyth Network (PYTH) to Brazilian Real (BRL) equals R$ 2.34 | 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 Pyth Network(PYTH) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 PYTH at a value of 1 PYTH for 2.34 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 Pyth Network currency pair is the PYTH to BRL, with for Pyth Network's currency code being PYTH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.

PYTH to BRL conversion rate trend

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In the past 1D, Pyth Network has changed +20.62% to BRL. Based on the trend and price charts, Pyth Network(PYTH) has changed +20.62% to BRL while Brazilian Real(BRL) has changed % to PYTH in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R$2.36
0.0001% / 0.0004%vip-iconVIP
Binance
R$2.36
0.1000% / 0.1000%
Yes
OKX
R$2.36
0.080% / 0.100%
Yes
Huobi
R$2.36
0.1000% / 0.1000%
Yes
Gate.io
R$2.36
0.1000% / 0.1000%
Yes
Bybit
R$2.36
0.1000% / 0.1000%
Yes
KuCoin
R$2.36
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 21:00:14(UTC+0)

How to buy Pyth Network

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Buy Pyth Network (PYTH)
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What factors influence the conversion rate of Pyth Network to Brazilian Real?

Pyth Network to Brazilian Real is rising this week.
Pyth Network's current market price is R$ 2.34 per PYTH, with a total market cap of R$ 8,478,877,598.01 BRL based on a circulating supply of 3,624,989,000 PYTH. The trading volume of Pyth Network has changed by +217.97% (R$ 2,100,852,793.81 BRL) in the last 24 hours. Last trading day, PYTH's trading volume was R$ 963,815,082.17.
Market cap
$1.66B
24h volume
$599.79M
Circulating supply
3.62B PYTH

Conversion tables

The exchange rate of Pyth Network is decreasing.
1 PYTH is currently valued at R$ 2.34 BRL , which means buying 5 PYTH will cost R$ 11.7 BRL . Similarly, R$1 BRL can be traded for 0.4275 PYTH, and R$50 BRL can be converted to 21.38 PYTH, excluding any platform or gas fees.
The exchange rate of 1 PYTH to Brazilian Real has changed by +6.74% in the last 7 days. In the last 24 hours, the rate has fluctuated by +20.62%, reaching a high of 2.39 BRL and a low of 1.81 BRL . One month ago, the value of 1 PYTH was R$ 3.45 BRL , which represents a -32.22% change from its current value. Over the last year, Pyth Network has changed by
+R$
2.33BRL
, resulting in a change of --% in its value.

PYTH to BRL

Amount
21:20 today
0.5 PYTH
R$1.17
1 PYTH
R$2.34
5 PYTH
R$11.7
10 PYTH
R$23.39
50 PYTH
R$116.95
100 PYTH
R$233.9
500 PYTH
R$1,169.5
1000 PYTH
R$2,339.01

BRL to PYTH

Amount21:20 today
0.5BRL0.2138  PYTH
1BRL0.4275  PYTH
5BRL2.14  PYTH
10BRL4.28  PYTH
50BRL21.38  PYTH
100BRL42.75  PYTH
500BRL213.77  PYTH
1000BRL427.53  PYTH
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Today vs. 24 hours ago

Amount21:20 today24 hours ago24h change
0.5 PYTH$0.2289$0.1899
+20.62%
1 PYTH$0.4578$0.3799
+20.62%
5 PYTH$2.29$1.9
+20.62%
10 PYTH$4.58$3.8
+20.62%
50 PYTH$22.89$18.99
+20.62%
100 PYTH$45.78$37.99
+20.62%
500 PYTH$228.88$189.93
+20.62%
1000 PYTH$457.77$379.86
+20.62%

Today vs. 1 month ago

Amount21:20 today1 month ago1M change
0.5 PYTH$0.2289$0.3372
-32.22%
1 PYTH$0.4578$0.6744
-32.22%
5 PYTH$2.29$3.37
-32.22%
10 PYTH$4.58$6.74
-32.22%
50 PYTH$22.89$33.72
-32.22%
100 PYTH$45.78$67.44
-32.22%
500 PYTH$228.88$337.2
-32.22%
1000 PYTH$457.77$674.4
-32.22%
Buy Pyth Network for 1 BRL
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Today vs. 1 year ago

Amount21:20 today1 year ago1Y change
0.5 PYTH$0.2289$0.001044
--
1 PYTH$0.4578$0.002088
--
5 PYTH$2.29$0.01044
--
10 PYTH$4.58$0.02088
--
50 PYTH$22.89$0.1044
--
100 PYTH$45.78$0.2088
--
500 PYTH$228.88$1.04
--
1000 PYTH$457.77$2.09
--

Pyth Network price prediction

What will the price of PYTH be in 2025?

Based on PYTH's historical price performance prediction model, the price of PYTH is projected to reach $0.4578 in 2025.

What will the price of PYTH be in 2030?

In 2030, the PYTH price is expected to rise by -16.00%. By the end of 2030, the PYTH price is projected to reach $0.4363, with a cumulative ROI of -4.70%.
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Buy Pyth Network for 1 BRL
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FAQ

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