Members mvan1 Posted June 8, 2018 Members Posted June 8, 2018 Almost four to one USD - my goodness - Brazilian Real Plummets to a 26-Month Low Against the US Dollar Quote
Members sanddunes Posted June 8, 2018 Members Posted June 8, 2018 Doesn’t the weak Real mostly hurt Brazilians if they leave the country? I don’t think the prices for the metro, food, etc. change much just because the Real has gone from 3 to 4 vs the USD. Quote
Members mvan1 Posted June 8, 2018 Author Members Posted June 8, 2018 1 hour ago, sanddunes said: Doesn’t the weak Real mostly hurt Brazilians if they leave the country? I don’t think the prices for the metro, food, etc. change much just because the Real has gone from 3 to 4 vs the USD. You are correct. Brazilians who do not travel out of country are only slightly affected by the weak real. Day-to-day activities of most Brazilians remain much the same, cost wise. However, over crowding caused by many more tourists flocking to Brazil to take advantage of the favorable exchange rate and the easing of the Brazilian visa (now electronic if chosen) can be problematic. And, if a Brazilian wants to travel out of country to the U.S. or Europe for example, their money is weak and they must pay a lot more for goods that were previously cheaper for them. Quote
Members Walker Posted June 9, 2018 Members Posted June 9, 2018 However, the airfare to Brazil is not cheaper at all. Quote
Members wncdemcub Posted June 9, 2018 Members Posted June 9, 2018 52 minutes ago, Walker said: However, the airfare to Brazil is not cheaper at all. That’s because while tourists are part of the calculation for flights, misty Brazilian families and business people are consistantly using the flights. Those groups will travel for the most part no matter the currency situation. Quote
Members mvan1 Posted June 9, 2018 Author Members Posted June 9, 2018 4 hours ago, wncdemcub said: That’s because while tourists are part of the calculation for flights, misty Brazilian families and business people are consistantly using the flights. Those groups will travel for the most part no matter the currency situation. Mainly because it is "high tourist season" in Brazil - "High and Low Tourist Season in Rio de Janeiro, Brazil. Rio de Janeiro's high tourist season is in December, January, February, and March, but mainly December and January, which are the summer vacation months in Brazil. Busy tourist times also include the month of July (Brazil's winter vacation)." The high tourist season is the chief reason for the airlines to charge more (rip us off) for the flights to and from Brazil. http://www.myriotravelguide.com/high-and-low-tourist-season-in-rio-de-janeiro-brazil/ Quote
Members boiworship Posted June 9, 2018 Members Posted June 9, 2018 Also the spike in the cost of aviation fuel, no? HotBottom4U 1 Quote
Members HotBottom4U Posted June 9, 2018 Members Posted June 9, 2018 I believe fuel is the main driver, check airfares to anywhere - like Berlin, and they are almost double what they were last year Quote
espnzone Posted June 17, 2018 Posted June 17, 2018 On 6/8/2018 at 3:01 PM, sanddunes said: Doesn’t the weak Real mostly hurt Brazilians if they leave the country? I don’t think the prices for the metro, food, etc. change much just because the Real has gone from 3 to 4 vs the USD. Actually the price of imports will rise since they’re priced in dollars. Price of oil and strengthening dollar are having a bad effect in Brazil, led to massive trucker strike. https://www.wsj.com/articles/steep-oil-and-strong-dollar-make-toxic-brew-for-global-economies-1529233200 SolaceSoul 1 Quote
