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 ?
By contrast, rice prices rose, while sugar prices fell noticeably in August, dropping 4% on the previous month "largely on the back of a weakening Brazilian real, which tends to incentivize sugar exports," FAO said.
Police arrested an Indonesian man in Tawau who was in possession of RM10.5 million in counterfeit Brazilian real.
The conclusion is that-at the time of the survey-the Brazilian real is undervalued by 20 percent to the US dollar, and the Peruvian sol is 44 percent 'undervalued.' Based on a Philippine peso/US dollar exchange rate of 51.32, the peso is undervalued by 52 percent.
Non-fuel unit costs are expected to increase by approximately 15% in relation to the second quarter of the prior year, primarily due to the 9% depreciation of the Brazilian real in the year-over-year comparison, increases in payroll taxes due to the elimination of the Payroll Tax Relief Program, increases in landing and navigation expenses due to a 10% increase in rates, and increases in depreciation from five net additional aircraft in the fleet.
Also weighing on coffee, the Brazilian real hit its weakest against the dollar in almost a week on Tuesday.
A sharp rise in the value of sterling against the Brazilian real explains why costs in Rio de Janeiro are down 20%.
While those falls were due to cheaper local charges for meals and drinks, a sharp rise in the value of sterling against the Brazilian real explains why the cost of essentials in Rio de Janeiro is down by a fifth.
The firms were accused of colluding to manipulate rates on offshore spot-market transactions involving the Brazilian real.
Helal said that although Brazil is one of the furniture manufacturing countries, it has been seeing a dwindling production on the back of the deterioration in the value of the Brazilian Real against the U.S.
Total operating income for the period grew to $658m, compared with $514m reported for the same period last year, driven by core income growth but also benefiting from currency movements, in particular the Brazilian real strengthening against the dollar.
The total operating income for the period grew to $658 million, compared with $514 million reported for the same period last year, driven by core income growth but also benefiting from currency movements, in particular the Brazilian Real strengthening against US dollar.
On the flip side, the Brazilian real saw gains of almost 24 per cent alongside the buoyant ruble at 16 per cent.

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