Brazilian Rea (BRL)

QUOTE AND NEWS
Reuters  Jul 15  Comment 
Shareholders in Brazilian for-profit education provider Estacio Participacoes SA can expect to receive extraordinary dividends totaling 420 million reais ($129...
Agrimoney.com  Jul 12  Comment 
Why are robusta coffee prices underperforming, despite production worries? The ICO flags the role in markets of Brazil's reviving currency
Forex News  Jul 8  Comment 
The Brazilian real jumped as much as 2% versus the US dollar today as Brazil’s central bank refrained from intervening in markets to support the currency while the government showed willingness to embark on fiscal austerity. Investors...
newratings.com  Jul 4  Comment 
BRASILIA (dpa-AFX) - The Brazilian Real drifted lower against the U.S. dollar in early New York trading on Monday, amid speculation of possible intervention by the Central Bank of Brazil to stem the real's appreciation. The Brazilian...
Reuters  Jul 1  Comment 
Estácio Participações SA said on Friday its board accepted an improved takeover bid from larger rival Kroton Educacional SA worth 5.5 billion reais ($1.7 billion), in...
Forex News  Jun 30  Comment 
The Brazilian real rallied for the third consecutive session today, though the rally caused concerns among traders about potential intervention from the nation’s central bank. The real has gained about 6% since the Monday’s close....
Wall Street Journal  Jun 29  Comment 
The Brazilian real hit its strongest level against the dollar in more than 11 months Wednesday as the country’s central bank declined to intervene to stop the U.S. currency’s slide.
Forex News  Jun 28  Comment 
The Brazilian real gained against the US dollar today as the nation’s central bank signaled that it is not considering monetary easing as inflation is expected to remain above the bank’s target. The Central Bank of Brazil raised its...
newratings.com  Jun 20  Comment 
BRASILIA (dpa-AFX) - The Brazilian Real firmed against the U.S. dollar in early New York trading on Monday, after the Brazilian Finance Minister told investors that the government's plan to freeze budget spending for twenty years would remove...
newratings.com  Jun 17  Comment 
BRASILIA (dpa-AFX) - The Brazilian Real drifted higher against the U.S. dollar in New York deals on Friday, as risk sentiment improved after the suspension of campaign over whether the U.K. should stay in the European Union. Speculation spurred...




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The Brazilian real (denoted by R$) is the present-day currency of Brazil. A 100 centavos = 1 Real.

During monetary reform package in South America, the modern real was introduced in 1994 to end more than three decades of inflation in that region. During its introduction, it was pegged to the US dollar (1:1). It suffered a sudden devaluation to a rate of about 2:1 in 1999, after which in 2002 it reached almost 4:1. This was followed by a partial recovery after which it has been at approximately 2:1 since 2006.


The chart at left shows the USD/BRL currency pair; the number of Brazilian Real equivalent to 1 U.S. Dollar (USD).

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