Brazilian Rea (BRL)

QUOTE AND NEWS
Agrimoney.com  Mar 20  Comment 
The bank cites weakness in the Brazilian real. However, its forecasts still leave room for prices to recover
Wall Street Journal  Mar 19  Comment 
Life is far from sweet for some top sugar-producing nations, as a global glut combined with a collapse in the Brazilian real has crashed the international price of the sweetener to a six-year low.
New York Times  Mar 19  Comment 
Mr. Batista was fined 1.4 million reais ($437,000), making it the first time he has been sanctioned for his activities in his collapsed business empire.
Commodity Online  Mar 13  Comment 
Global prices have decreased in tandem with the falling Brazilian Real. There was a sudden surge in sales of sugar and coffee, priced in dollars, which dragged the price of the commodities down.
The Economic Times  Mar 12  Comment 
Lower exports from India, the world's biggest sugar producer behind Brazil, could help to revive benchmark New York prices that touched a six-week low.
Reuters  Mar 11  Comment 
South Africa's rand, Turkey's lira and Brazil's real suffered some of the steepest losses in the recent emerging-market rout. Their peers in the so-called fragile five, India and Indonesia, escaped with less damage.
Reuters  Mar 10  Comment 
Cia Energética de Minas Gerais SA, Brazil's third largest electricity company, approved a plan by a subsidiary to sell up to 1.7 billion reais ($548 million) in...
Financial Times  Mar 9  Comment 
Dilma speech triggers anti-government protests
Wall Street Journal  Mar 6  Comment 
Turkey’s lira tumbled to a record low and Brazil’s real continued its slide, as a combination of domestic economic and political turmoil sent investors to the safety of the U.S. dollar.
Forbes  Mar 5  Comment 
Brazilian billionaires lost a combined $5.4 billion so far this week.




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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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