Convert Saint Helena Pound to Brazilian Real
Please provide values below to convert Saint Helena Pound [SHP] to Brazilian Real [BRL], or Convert Brazilian Real to Saint Helena Pound.
How to Convert Saint Helena Pound to Brazilian Real
1 SHP = 0.132980061074187 BRL
Example: convert 15 SHP to BRL:
15 SHP = 15 × 0.132980061074187 BRL = 1.99470091611281 BRL
Saint Helena Pound to Brazilian Real Conversion Table
Saint Helena Pound | Brazilian Real |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.