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Value of BRICS Currencies Compared to US Dollar and Euro

Value of BRICS Currencies Compared to US Dollar and Euro

Here is a detailed article on the value of BRICS national currencies compared to the US dollar and the euro. Please note there is no unified BRICS currency in circulation yet—each country uses its own national currency.

BRICS countries—Brazil Russia India China and South Africa—do not have a single shared currency. Instead each country retains its own national currency: Brazilian real (Brazil) Russian ruble (Russia) Indian rupee (India) Chinese yuan or renminbi (China) and South African rand (South Africa). There is ongoing discussion about increased trade using these currencies and development of a payment system called BRICS Pay and block‑chain platforms. But no unified BRICS currency exists.

Current Exchange Values to US Dollar and Euro

Brazilian real
In May 2025 one US dollar equaled approximately 5.65 to 5.74 Brazilian reais. One real was worth about 0.174 to 0.178 US dollars 
Against the euro the real is weaker; e.g. as euro is about 1.14 USD value then 1 EUR ≈ 6.4 to 6.5 BRL based on conversion

Indian rupee
In early April 2025 one US dollar was roughly 85.4 to 86.5 rupees. Average around ₹85.6 per USD 
Against the euro one euro (≈ 1.14 USD) cost around ₹97 to ₹98 roughly based on conversion.

Russian ruble
The ruble suffers high volatility driven by sanctions and commodity exposure. Reported rates fluctuate widely; in late 2024 a figure of 51 RUB per USD was noted. But recent values may be lower (stronger) depending on interventions

Chinese yuan (renminbi)
The yuan is partially pegged to a trade basket but floats within a band. It trades typically at about 7.1 CNY per US dollar in mid‑2025. One euro (≈ 1.14 USD) would equal around 8.1 CNY 

South African rand
As of July 28 2025 the rand weakened to about 17.75 per US dollar.One euro would therefore cost approximately 20 to 20.5 rand.

Why Values Differ and De‑dollarisation Efforts
There are major economic and political disparities among BRICS nations which complicate any shared currency plan. Each country pursues its own monetary and fiscal policy 
Discussions of alternatives to US dollar include using local currencies for bilateral trade blockchain‑based systems like BRICS Pay or Project mBridge and backing a hypothetical future unit with gold and currency baskets . But these remain in planning stage.

Brazil central banker confirmed there is no realistic prospect within the next decade of BRICS assets rivaling US dollar dominance.

Summary Table in Text
Brazil : 1 USD ≈ 5.65–5.74 BRL ; 1 EUR ≈6.4–6.5 BRL
India : 1 USD ≈ 85.4–86.5 INR ; 1 EUR ≈97–98 INR
China : 1 USD ≈ 7.1 CNY ; 1 EUR ≈8.1 CNY
Russia : vary but around RUB 50‑60 per USD (volatile)
South Africa : 1 USD ≈ 17.75 ZAR ; 1 EUR ≈20‑20.5 ZAR

FAQs

Is there a unified BRICS currency in circulation?

No there is no official BRICS currency; only national currencies are used and discussions remain tentative 

Do BRICS currencies trade directly with each other?

Yes many countries conduct bilateral trade using their own currencies e.g. China and Russia often settle in yuan or rubles and India imports from Russia in rupees.

Could a BRICS currency challenge the US dollar?

Experts say that is unlikely in the near or medium term due to deep liquidity of the dollar and structural challenges within BRICS .

What is BRICS Pay?

It is a decentralized messaging and settlement system being developed to enable payments among BRICS countries potentially bypassing SWIFT and reducing transaction costs 

Are exchange rates stable?

No most BRICS currencies (particularly ruble rand rupee real) are subject to volatility driven by political events commodity swings capital flows and external shocks.

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