1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.5537 BRL (Brazilian Real). It is the official currency of Brazil. It is subdivided into 100 centavos and is denoted by the symbol R$. It is interesting to let you know that Brazil uses the period to separate thousands and the comma to separate decimals. The modern BRL (Brazilian Real) was introduced in 1994.