Brazilian Real


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Brazilian Real

The currency of Brazil. It was introduced in 1994 following the Latin American economic crisis. It is currently a floating currency, though it was semi-pegged to the U.S. dollar for most of the 1990s. It suffered two different currency crises in 1999 and 2002, but has since become one of the stronger currencies in the region.
References in periodicals archive ?
Prices dropped on Tuesday, pressured by a decline in the Brazilian real.
Global Banking News-October 11, 2016--UBS Asset Management enters into Brazilian real estate partnership
Post Office also saw strong demand for the Brazilian real as sports enthusiasts headed off for the Olympics.
Nearly 60 billion Brazilian real has been endowed up to now in the technology that currently constitutes 7% of the nations power capacity.
com's Brazil portal will be operated by owners CD PROJEKT in close partnership with UOL BoaCompra, whose payment gateway enables regional transactions in Brazilian Real.
Last year, with respect to the American dollar, currencies dropped to their lowest levels in 22 years: the Brazilian real lost 29 % of its value, the Colombian peso 23 % and the Chilean and the Mexican pesos 12 % each.
A contracting economy and the declining value of the Brazilian real, which last year fell almost 50 percent against the dollar, help explain the spending reduction.
TWO major foreign currency providers have reported dealing with "unprecedented" demand for the Brazilian Real as England fans prepare for the World Cup.
5 percent depreciation of the Brazilian real between September 2013 and December 2013," LATAM Airlines said.
THE country's central bank has announced a $60bn plan to prop up the value of the national currency as the Brazilian real nears a five-year low against the US dollar.
FIN INFORMATION IS SHOWN IN BRAZILIAN REAL, ASKING PRICE IS LISTED IN US $
LONDON: The Brazilian real could be due a change in fortune against the dollar after its lengthy slide from 1.

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