Brazilian Real (BRL)
a.k.a. BRL, Real
Brazil's currency, code BRL, a volatile emerging-market currency often traded for its high interest rates.
In plain English
Brazil's currency, code BRL, a volatile emerging-market currency often traded for its high interest rates.
The Brazilian real (BRL) floats, and Brazil has often kept interest rates high to tame inflation. That makes the real a favourite target of the carry trade, where traders borrow cheap currencies to hold higher-yielding ones.
The flip side is volatility: commodity prices, politics and global risk mood can swing it hard. It is an emerging-market currency rather than a major.
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