1 CNY to BRL - Convert Chinese Yuan to Brazilian Real

Looking at the 30-day window, the CNY/BRL pair traded in a range of 0.719700 to 0.772600. The monthly average was 0.743746 with 1.78% volatility. The relatively low volatility indicates stable trading conditions for the CNY/BRL currency pair.

The current mid-market exchange rate is 1 CNY = 0.739645 BRL, updated as of June 4, 2026, 2:35 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Chinese Yuan to Brazilian Real Exchange Rate

CNY/BRL is the reverse of BRL/CNY, connecting the world's two largest BRICS economies. China is Brazil's largest trading partner, buying over $90 billion in Brazilian soybeans, iron ore, oil, and beef annually. The two countries have signed direct yuan-real settlement agreements to reduce dollar dependency in their massive bilateral trade corridor, potentially transforming how $150 billion in annual commerce is priced and settled.

The BRICS De-Dollarization Pioneers

China and Brazil are at the forefront of de-dollarizing bilateral trade. In 2023, both countries agreed to allow direct yuan-real settlement, bypassing the US dollar that traditionally intermediated their trade. Chinese importers buying Brazilian soybeans can now pay in yuan directly rather than converting to dollars first. This structural shift affects CNY/BRL liquidity and conversion infrastructure. ICBC and Bank of China have established Brazilian operations specifically to facilitate direct currency settlement. Brazilian banks Itau and Bradesco have developed yuan clearing capabilities. The New Development Bank (BRICS bank), headquartered in Shanghai with rotating Brazilian leadership, provides institutional infrastructure. For Chinese state-owned enterprises buying Brazilian iron ore through Vale, and Chinese food companies importing Brazilian soybeans, the choice between dollar-intermediated and direct yuan payment increasingly depends on which offers better total conversion economics. As direct CNY/BRL liquidity improves, the cost advantage of bypassing the dollar grows. Both countries' capital controls add complexity, with China's $50,000 individual quota and Brazil's IOF tax creating friction that the de-dollarization infrastructure aims to reduce for commercial transactions.

What Drives the CNY/BRL Rate

PBOC and BCB policy, soybean and iron ore prices, bilateral trade volumes, de-dollarization progress, Chinese economic data, Brazilian fiscal policy, and BRICS institutional developments are the main drivers. Both currencies' managed float characteristics add a policy dimension that freely floating crosses do not carry.

What a Conversion Really Costs

Direct CNY/BRL is improving but still developing. Chinese banks in Brazil charge 1-3%. USD routing remains common at 2-4%. IOF tax of 0.38% applies on the Brazilian side. China's capital controls limit individual conversion. Trade finance platforms handling the China-Brazil corridor are investing heavily in direct settlement capability, with costs declining as volumes grow.

How to Get the Best CNY to BRL Rate

Check whether direct CNY/BRL is cheaper than USD routing from your provider. Chinese banks in Sao Paulo offer competitive rates for commercial transactions. The mid-market rate on this page is the benchmark. Factor in IOF on the Brazilian receiving end. As bilateral de-dollarization deepens, direct conversion costs should continue declining.