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Sponge ($SPONGE) to Brazilian Real (BRL)

Sponge to Brazilian Real Converter and calculator

Convert 1Sponge ($SPONGE) to Brazilian Real (BRL) equals R$ 0.0002126 | Bitget

$SPONGE

BRL

Last updated 2023/09/01 02:23:05 (UTC+0)Refresh refresh

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Bitget converter offers real-time exchange rates, allowing for easy conversion of Sponge($SPONGE) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 $SPONGE at a value of 1 $SPONGE for 0.00 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 Sponge currency pair is the $SPONGE to BRL, with for Sponge's currency code being $SPONGE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.

$SPONGE to BRL conversion rate trend

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In the past 1D, Sponge has changed -31.97% to BRL. Based on the trend and price charts, Sponge($SPONGE) has changed -31.97% to BRL while Brazilian Real(BRL) has changed % to $SPONGE in the last 24 hours.

Conversion rate comparison of various exchanges

Exchange	Price	Maker / Taker Fee	Tradable
BitgetBest	R$0.004499	0.0200% / 0.0320%VIP 7	Buy $SPONGE
Gate.io	R$0.004593	0.1000% / 0.1000%	Yes

Last updated 2024/02/09 08:00:22(UTC+0)

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Use a variety of payment options to buy Sponge on Bitget. We'll show you how.

Buy $SPONGE (or USDT) for BRL (Brazilian Real) offers

Bitget P2P trading does not currently support direct buying of $SPONGE with BRL. However, you can buy USDT in Bitget P2P trading first, and then buy $SPONGE with USDT via Bitget spot market.

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Sell $SPONGE (or USDT) for BRL (Brazilian Real) offers

Bitget P2P trading currently does not support direct selling of $SPONGE to BRL. However, you can first exchange $SPONGE for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.

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What factors influence the conversion rate of Sponge to Brazilian Real?

Sponge to Brazilian Real is falling this week.

Sponge's current market price is R$ 0.0002126 per $SPONGE, with a total market cap of R$ 0 BRL based on a circulating supply of -- $SPONGE. The trading volume of Sponge has changed by -85.25% (R$ -4,011.29 BRL) in the last 24 hours. Last trading day, $SPONGE's trading volume was R$ 4,705.11.

Market cap

24h volume

$114.00350941

Circulating supply

0 $SPONGE

Buy $SPONGE now See all metrics

Conversion tables

The exchange rate of Sponge is decreasing.

1 $SPONGE is currently valued at R$ 0.0002126 BRL , which means buying 5 $SPONGE will cost R$ 0.001063 BRL . Similarly, R$1 BRL can be traded for 4,704.03 $SPONGE, and R$50 BRL can be converted to 235,201.4 $SPONGE, excluding any platform or gas fees.

The exchange rate of 1 $SPONGE to Brazilian Real has changed by -94.78% in the last 7 days. In the last 24 hours, the rate has fluctuated by -31.97%, reaching a high of 0.0003125 BRL and a low of 0.0002071 BRL . One month ago, the value of 1 $SPONGE was R$ 0.0006622 BRL , which represents a -67.90% change from its current value. Over the last year, Sponge has changed by

-R$

0.0008411BRL

, resulting in a change of -79.83% in its value.

$SPONGE to BRL

Amount

06:56 am today

0.5 $SPONGE

R$0.0001063

1 $SPONGE

R$0.0002126

5 $SPONGE

R$0.001063

10 $SPONGE

R$0.002126

50 $SPONGE

R$0.01063

100 $SPONGE

R$0.02126

500 $SPONGE

R$0.1063

1000 $SPONGE

R$0.2126

BRL to $SPONGE

Amount06:56 am today

0.5BRL2,352.01 $SPONGE

1BRL4,704.03 $SPONGE

5BRL23,520.14 $SPONGE

10BRL47,040.28 $SPONGE

50BRL235,201.4 $SPONGE

100BRL470,402.79 $SPONGE

500BRL2,352,013.95 $SPONGE

1000BRL4,704,027.9 $SPONGE

Today vs. 24 hours ago

Amount	06:56 am today	24 hours ago	24h change
0.5 $SPONGE	$0.{4}1746	$0.{4}2567	-31.97%
1 $SPONGE	$0.{4}3493	$0.{4}5134	-31.97%
5 $SPONGE	$0.0001746	$0.0002567	-31.97%
10 $SPONGE	$0.0003493	$0.0005134	-31.97%
50 $SPONGE	$0.001746	$0.002567	-31.97%
100 $SPONGE	$0.003493	$0.005134	-31.97%
500 $SPONGE	$0.01746	$0.02567	-31.97%
1000 $SPONGE	$0.03493	$0.05134	-31.97%

Today vs. 1 month ago

Amount	06:56 am today	1 month ago	1M change
0.5 $SPONGE	$0.{4}1746	$0.{4}5440	-67.90%
1 $SPONGE	$0.{4}3493	$0.0001088	-67.90%
5 $SPONGE	$0.0001746	$0.0005440	-67.90%
10 $SPONGE	$0.0003493	$0.001088	-67.90%
50 $SPONGE	$0.001746	$0.005440	-67.90%
100 $SPONGE	$0.003493	$0.01088	-67.90%
500 $SPONGE	$0.01746	$0.05440	-67.90%
1000 $SPONGE	$0.03493	$0.1088	-67.90%

Today vs. 1 year ago

Amount	06:56 am today	1 year ago	1Y change
0.5 $SPONGE	$0.{4}1746	$0.{4}8657	-79.83%
1 $SPONGE	$0.{4}3493	$0.0001731	-79.83%
5 $SPONGE	$0.0001746	$0.0008657	-79.83%
10 $SPONGE	$0.0003493	$0.001731	-79.83%
50 $SPONGE	$0.001746	$0.008657	-79.83%
100 $SPONGE	$0.003493	$0.01731	-79.83%
500 $SPONGE	$0.01746	$0.08657	-79.83%
1000 $SPONGE	$0.03493	$0.1731	-79.83%

Sponge price prediction

What will the price of $SPONGE be in 2025?

Based on $SPONGE's historical price performance prediction model, the price of $SPONGE is projected to reach $0.0001066 in 2025.

What will the price of $SPONGE be in 2030?

In 2030, the $SPONGE price is expected to change by -6.00%. By the end of 2030, the $SPONGE price is projected to reach $0.0001812, with a cumulative ROI of +376.65%.

Buy $SPONGE now Sponge price prediction

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Popular Sponge conversions

Check out these popular currency conversions of Sponge to several fiat currencies.

Sponge to USD

1 $SPONGE to $ 0.{4}3493 USD

Sponge to GBP

1 $SPONGE to £ 0.{4}2778 GBP

Sponge to EUR

1 $SPONGE to € 0.{4}3348 EUR

Sponge to KRW

1 $SPONGE to ₩ 0.05052 KRW

Sponge to CAD

1 $SPONGE to $ 0.{4}5021 CAD

Sponge to AUD

1 $SPONGE to $ 0.{4}5587 AUD

Sponge to JPY

1 $SPONGE to ¥ 0.005465 JPY

Sponge to BRL

1 $SPONGE to R$ 0.0002126 BRL

Sponge to CNY

1 $SPONGE to ¥ 0.0002549 CNY

Sponge to TWD

1 $SPONGE to NT$ 0.001140 TWD

Popular cryptocurrencies to BRL

Explore other cryptocurrencies based on your interest in Sponge.

Sui to BRL

1 SUI to R$ 29.45 BRL

Bitcoin to BRL

1 BTC to R$ 600,196.66 BRL

Ethereum to BRL

1 ETH to R$ 21,428.23 BRL

XRP to BRL

1 XRP to R$ 14.39 BRL

Horizen to BRL

1 ZEN to R$ 170.22 BRL

Virtuals Protocol to BRL

1 VIRTUAL to R$ 16.59 BRL

Bonk to BRL

1 BONK to R$ 0.0002108 BRL

ChainGPT to BRL

1 CGPT to R$ 1.49 BRL

Dogecoin to BRL

1 DOGE to R$ 2.11 BRL

Solana to BRL

1 SOL to R$ 1,209.28 BRL

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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 Sponge 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 Sponge 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 Sponge 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.