Brazilian Rea (BRL)

QUOTE AND NEWS
MarketWatch  Aug 23  Comment 
The Brazilian real fell to a 31-month low versus the U.S. dollar on Thursday after having trading down all week as political risk in the South American nation rose. But there could me much more pain in store for the real, as it hovers dangerously...
Clusterstock  Aug 23  Comment 
The Brazilian real was down 2% against the US dollar Thursday. Political uncertainty has pushed the currency to its weakest level since at least 2016. Follow the Brazilian real in real time here. The Brazilian real extended losses...
Flightglobal  Aug 17  Comment 
Azul saw its long-term debt increase 17% to R3.29 billion ($839 million) due to the depreciation of the Brazilian real during the second quarter.
The Hindu Business Line  Jun 15  Comment 
Shares of UPL Ltd rose as much as 1.9 per cent to Rs 697.90, and were on track to end a 4-session losing run. Deutsche Bank believes recent concerns
Financial Times  Jun 6  Comment 
Central bank’s efforts on Tuesday to support the currency prove insufficient




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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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