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The Real, meaning 'royal, was first introduced by Portugese settlers and became Brazil's official currency in 1690. It was not sub-divided in smaller units. The modern real (plural reais) was introduced on July 1, 1994.
The peso is subdivided into 100 centavos, although no centavo denominated coins remain in circulation. Colloquial names for some banknotes and coins include luka or luca for the 1000-peso banknote, quina for the 500-peso coin, and gamba for the 100-peso coin.
1 BRL = 277.1910 CLP
Brazilian RealChilean Peso
