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Magnesium to Brazilian Real Converter and calculator

Convert 1Magnesium (MAG) to Brazilian Real (BRL) equals R$ 0.0001857 | 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 Magnesium(MAG) to Brazilian Real(BRL). This is the real-time data. The current conversion shows 1 MAG at a value of 1 MAG 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Magnesium currency pair is the MAG to BRL, with for Magnesium's currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BRL.

MAG to BRL conversion rate trend

1D7D1M3M1YAll
In the past 1D, Magnesium has changed -0.04% to BRL. Based on the trend and price charts, Magnesium(MAG) has changed -0.04% to BRL while Brazilian Real(BRL) has changed % to MAG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R$0.0001857
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/24 00:39:13(UTC+0)

How to buy Magnesium

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Magnesium (MAG)
Use a variety of payment options to buy Magnesium on Bitget. We'll show you how.

Buy MAG (or USDT) for BRL (Brazilian Real) offers

Bitget P2P trading does not currently support direct buying of MAG with BRL. However, you can buy USDT in Bitget P2P trading first, and then buy MAG with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell MAG (or USDT) for BRL (Brazilian Real) offers

Bitget P2P trading currently does not support direct selling of MAG to BRL. However, you can first exchange MAG for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of Magnesium to Brazilian Real?

Magnesium to Brazilian Real is falling this week.
Magnesium's current market price is R$ 0.0001857 per MAG, with a total market cap of R$ 0 BRL based on a circulating supply of -- MAG. The trading volume of Magnesium has changed by +130.59% (R$ 1,744.02 BRL) in the last 24 hours. Last trading day, MAG's trading volume was R$ 1,335.52.
Market cap
$0
24h volume
$497.15779804
Circulating supply
0 MAG

Conversion tables

The exchange rate of Magnesium is decreasing.
1 MAG is currently valued at R$ 0.0001857 BRL , which means buying 5 MAG will cost R$ 0.0009285 BRL . Similarly, R$1 BRL can be traded for 5,384.97 MAG, and R$50 BRL can be converted to 269,248.49 MAG, excluding any platform or gas fees.
The exchange rate of 1 MAG to Brazilian Real has changed by -31.28% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.04%, reaching a high of 0.0002344 BRL and a low of 0.0002341 BRL . One month ago, the value of 1 MAG was R$ 0.0003896 BRL , which represents a -46.53% change from its current value. Over the last year, Magnesium has changed by
+R$
0.0002343BRL
, resulting in a change of 0.00% in its value.

MAG to BRL

Amount
01:46 am today
0.5 MAG
R$0.{4}9285
1 MAG
R$0.0001857
5 MAG
R$0.0009285
10 MAG
R$0.001857
50 MAG
R$0.009285
100 MAG
R$0.01857
500 MAG
R$0.09285
1000 MAG
R$0.1857

BRL to MAG

Amount01:46 am today
0.5BRL2,692.48  MAG
1BRL5,384.97  MAG
5BRL26,924.85  MAG
10BRL53,849.7  MAG
50BRL269,248.49  MAG
100BRL538,496.99  MAG
500BRL2,692,484.94  MAG
1000BRL5,384,969.88  MAG

Today vs. 24 hours ago

Amount01:46 am today24 hours ago24h change
0.5 MAG$0.{4}1499$0.{4}1500
-0.04%
1 MAG$0.{4}2998$0.{4}2999
-0.04%
5 MAG$0.0001499$0.0001500
-0.04%
10 MAG$0.0002998$0.0002999
-0.04%
50 MAG$0.001499$0.001500
-0.04%
100 MAG$0.002998$0.002999
-0.04%
500 MAG$0.01499$0.01500
-0.04%
1000 MAG$0.02998$0.02999
-0.04%

Today vs. 1 month ago

Amount01:46 am today1 month ago1M change
0.5 MAG$0.{4}1499$0.{4}3145
-46.53%
1 MAG$0.{4}2998$0.{4}6289
-46.53%
5 MAG$0.0001499$0.0003145
-46.53%
10 MAG$0.0002998$0.0006289
-46.53%
50 MAG$0.001499$0.003145
-46.53%
100 MAG$0.002998$0.006289
-46.53%
500 MAG$0.01499$0.03145
-46.53%
1000 MAG$0.02998$0.06289
-46.53%

Today vs. 1 year ago

Amount01:46 am today1 year ago1Y change
0.5 MAG$0.{4}1499$-0.{5}3922
0.00%
1 MAG$0.{4}2998$-0.{5}7843
0.00%
5 MAG$0.0001499$-0.{4}3922
0.00%
10 MAG$0.0002998$-0.{4}7843
0.00%
50 MAG$0.001499$-0.0003922
0.00%
100 MAG$0.002998$-0.0007843
0.00%
500 MAG$0.01499$-0.003922
0.00%
1000 MAG$0.02998$-0.007843
0.00%

Magnesium price prediction

What will the price of MAG be in 2025?

Based on MAG's historical price performance prediction model, the price of MAG is projected to reach $1.56 in 2025.

What will the price of MAG be in 2030?

In 2030, the MAG price is expected to change by -12.00%. By the end of 2030, the MAG price is projected to reach $2.29, with a cumulative ROI of +7627589.20%.

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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 Magnesium 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 Magnesium 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 Magnesium 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.