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 ?
A stronger Brazilian currency discourages producer selling of dollar-denominated commodities such as coffee and sugar.
Sugar prices rose 2.2 percent in the month, largely influenced by movements in the Brazilian currency, which strengthened against the US dollar in July.
Well, you better have plenty of cash on you as nothing is cheap when you start converting the Brazilian currency ( Real) into rupees.
The weakening Brazilian currency is also having a current positive effect on the economics of gold production in this Latin American jurisdiction.
Foreign direct investment in Brazil, an indicator of how investors view the country's longer-term prospects, has dipped in the past few years, but not hugely so, and much of the drop is due to the depreciating Brazilian currency, the real.
Brazil has one of the highest interest rates in the world, and because of the current global economic situation, has experienced a large influx of investments making the Brazilian currency relatively strong.
Brazilian state-led oil company Petrobras posted a loss of 3.76 billion reais ($1.01 billion) in the third quarter as lower oil prices, a weaker Brazilian currency against the dollar and the country's worst recession in decades crimped revenue.
Let's remember that in January of 1999 the Brazilian currency was unpegged from the dollar and lost half its value against the U.S.
Due to the weakening in the Brazilian currency, during the first six months of 2015 the bank's Brazilian operations generated $61 million of group pre-tax profits compared to $108 million the year before.
Nonetheless, the weak Brazilian currency will help the country attract more foreign visitors.
Brazilian currency of reais all contained--for a while, ten or
The Brazilian currency has devalued 4.79 percent this week.

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