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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.86%
New listings on Bitget: Pi Network
BTC/USDT$84744.01 (+2.31%)Fear and Greed Index44(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$157.8M (1D); -$22M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.86%
New listings on Bitget: Pi Network
BTC/USDT$84744.01 (+2.31%)Fear and Greed Index44(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$157.8M (1D); -$22M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
ELG
BRL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of EscoinToken(ELG) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 ELG at a value of 1 ELG for 0.90 BRL . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
BRL information
About the Brazilian Real (BRL)
What Is the Brazilian Real (BRL)?
The Brazilian Real (BRL), symbolized as R$ 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.
Bitget crypto-to-fiat exchange data shows that the most popular EscoinToken currency pair is the ELG to BRL, with for EscoinToken's currency code being ELG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.
ELG to BRL conversion rate trend
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In the past 1D, EscoinToken has changed -1.86% to BRL. Based on the trend and price charts, EscoinToken(ELG) has changed -1.86% to BRL while Brazilian Real(BRL) has changed % to ELG in the last 24 hours.
ELG to BRL market statistics
ELG/BRL:
R$ 0.8966
ELG 24h volume:
R$ 2,764,659.03
ELG market cap:
--
ELG circulating supply:
0 ELG
More info about EscoinToken on Bitget
Current ELG to BRL exchange rate
EscoinToken to Brazilian Real is falling this week.EscoinToken's current market price is R$ 0.8966 per ELG, with a total market cap of R$ 0 BRL based on a circulating supply of -- ELG. The trading volume of EscoinToken has changed by +9.74% (R$ 245,439.96 BRL) in the last 24 hours. Last trading day, ELG's trading volume was R$ 2,519,219.07.
ELG to BRL Conversion tables
The exchange rate of EscoinToken is decreasing.1 ELG is currently valued at R$ 0.8966 BRL , which means buying 5 ELG will cost R$ 4.48 BRL . Similarly, R$1 BRL can be traded for 1.12 ELG, and R$50 BRL can be converted to 55.77 ELG, excluding any platform or gas fees.
The exchange rate of 1 ELG to Brazilian Real has changed by -16.42% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.86%, reaching a high of 0.9289 BRL and a low of 0.8936 BRL . One month ago, the value of 1 ELG was R$ 1.17 BRL , which represents a -23.53% change from its current value. Over the last year, EscoinToken has changed by , resulting in a change of -84.64% in its value.
-R$
4.92BRLELG to BRL
Amount
02:35 am today
0.5 ELG
R$0.4483
1 ELG
R$0.8966
5 ELG
R$4.48
10 ELG
R$8.97
50 ELG
R$44.83
100 ELG
R$89.66
500 ELG
R$448.3
1000 ELG
R$896.61
BRL to ELG
Amount02:35 am today
0.5BRL0.5577 ELG
1BRL1.12 ELG
5BRL5.58 ELG
10BRL11.15 ELG
50BRL55.77 ELG
100BRL111.53 ELG
500BRL557.66 ELG
1000BRL1,115.32 ELG
ELG to BRL Today vs. 24 hours ago
| Amount | 02:35 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ELG | R$0.4483 | R$0.4568 | -1.86% |
| 1 ELG | R$0.8966 | R$0.9135 | -1.86% |
| 5 ELG | R$4.48 | R$4.57 | -1.86% |
| 10 ELG | R$8.97 | R$9.14 | -1.86% |
| 50 ELG | R$44.83 | R$45.68 | -1.86% |
| 100 ELG | R$89.66 | R$91.35 | -1.86% |
| 500 ELG | R$448.3 | R$456.75 | -1.86% |
| 1000 ELG | R$896.61 | R$913.5 | -1.86% |
ELG to BRL Today vs. 1 month ago
| Amount | 02:35 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ELG | R$0.4483 | R$0.5857 | -23.53% |
| 1 ELG | R$0.8966 | R$1.17 | -23.53% |
| 5 ELG | R$4.48 | R$5.86 | -23.53% |
| 10 ELG | R$8.97 | R$11.71 | -23.53% |
| 50 ELG | R$44.83 | R$58.57 | -23.53% |
| 100 ELG | R$89.66 | R$117.15 | -23.53% |
| 500 ELG | R$448.3 | R$585.74 | -23.53% |
| 1000 ELG | R$896.61 | R$1,171.48 | -23.53% |
ELG to BRL Today vs. 1 year ago
| Amount | 02:35 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ELG | R$0.4483 | R$2.91 | -84.64% |
| 1 ELG | R$0.8966 | R$5.82 | -84.64% |
| 5 ELG | R$4.48 | R$29.1 | -84.64% |
| 10 ELG | R$8.97 | R$58.19 | -84.64% |
| 50 ELG | R$44.83 | R$290.96 | -84.64% |
| 100 ELG | R$89.66 | R$581.91 | -84.64% |
| 500 ELG | R$448.3 | R$2,909.57 | -84.64% |
| 1000 ELG | R$896.61 | R$5,819.13 | -84.64% |
How to convert ELG to BRL
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Convert ELG to BRL
Use a variety of payment options to buy EscoinToken on Bitget. We'll show you how.
Buy ELG (or USDT) for BRL (Brazilian Real) offers
Bitget P2P trading does not currently support direct buying of ELG with BRL. However, you can buy USDT in Bitget P2P trading first, and then buy ELG with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell ELG (or USDT) for BRL (Brazilian Real) offers
Bitget P2P trading currently does not support direct selling of ELG to BRL. However, you can first exchange ELG for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of ELG to BRL?
There are many factors that affect the relationship between EscoinToken and Brazilian Real, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of ELG/BRL. When there is positive news in the market about the widespread adoption of ELG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ELG/BRL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ELG/BRL.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of ELG/BRL. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of EscoinToken and adjust their investment strategies accordingly in the evolving market.
EscoinToken price prediction
What will the price of ELG be in 2026?
Based on ELG's historical price performance prediction model, the price of ELG is projected to reach $0.1609 in 2026.
What will the price of ELG be in 2031?
In 2031, the ELG price is expected to change by +7.00%. By the end of 2031, the ELG price is projected to reach $0.2482, with a cumulative ROI of +52.77%.
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between EscoinToken and BRL.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as EscoinToken and BRL. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of EscoinToken in BRL, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
