Members mvan1 Posted April 12, 2016 Members Share Posted April 12, 2016 - Yesterday, the Brazilian real closed around 350 to 1 USD. The significance of the above statement is shown by saying it another way. Such as, earlier this year if we exchanged U.S. $1,000.00, we received R$4,100.00 reais. Today, if we exchange U.S. $1,000.00 we would receive R$3,500.00 reais. That is R$600.00 fewer reais than we received in January of this year. R$600.00 can buy a lot of entertainment in Brazil. Depending on who offers an answer or reason or opinion for the marked change in value of the real, no one is in agreement. This is because no one knows. The answers are mostly guesses. Check out this link concerning yesterday's increase in value of the real: http://riotimesonline.com/brazil-news/rio-business/brazils-real-closes-above-r3-50-to-the-dollar-in-8-month-high/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheRioTimes+%28The+Rio+Times%29 No question, the real is unpredictable. Quote Link to comment Share on other sites More sharing options...
