The main goal of this paper is to reveal the symplectic structure related to renormalization of circle maps with breaks. We first show that iterated renormalizations of [Formula: see text] circle diffeomorphisms with [Formula: see text] breaks, [Formula: see text], with given size of breaks, converge to an invariant family of piecewise Möbius maps, of dimension [Formula: see text]. We prove that this invariant family identifies with a relative character variety [Formula: see text] where [Formula: see text] is a [Formula: see text]-holed torus, and that the renormalization operator identifies with a sub-action of the mapping class group [Formula: see text]. This action allows us to introduce the symplectic form which is preserved by renormalization. The invariant symplectic form is related to the symplectic form described by Guruprasad et al. [Group systems, groupoids, and moduli spaces of parabolic bundles, Duke Math. J. 89(2) (1997) 377–412], and goes back to the earlier work by Goldman [The symplectic nature of fundamental groups of surfaces, Adv. Math. 54(2) (1984) 200–225]. To the best of our knowledge the connection between renormalization in the nonlinear setting and symplectic dynamics had not been brought to light yet.