Brazilian Rea (BRL)

QUOTE AND NEWS
Benzinga  Feb 12  Comment 
N.Y. coffee is trading higher early Thursday. May coffee is trading at 163.50, up 1.20. Continuous chatter about a smaller coffee crop in Brazil has kept buyers active as prices dropped. The Brazilian Real has lost 10% in since late January...
Clusterstock  Feb 10  Comment 
SAO PAULO/BRASILIA (Reuters) - The incoming chief executive officer of state-run oil firm Petroleo Brasileiro SA, Aldemir Bendine, said on Tuesday that the company's board gave him full autonomy to dictate its own pricing policy and protect...
Wall Street Journal  Feb 10  Comment 
The Brazilian real fell to its lowest level against the dollar in more than ten years Tuesday, as weak economic growth figures, a country-wide drought and a corruption scandal at state-run oil firm Petrobras continued to weigh on the currency.
Benzinga  Feb 6  Comment 
NY Coffee futures are trading higher Friday morning. March Coffee is trading at 165.80, up 1.05. May Coffee is trading at 168.60, up 1.05. Traders are expecting a wide range. Market talk about Brazil's crop and rainfall over Brazil growing areas...
TheStreet.com  Jan 28  Comment 
NEW YORK (TheStreet) -- Shares of Brazilian state-run energy company Petrobras   plunged 11.26% to $6.97 in morning trading Wednesday after it published its unaudited third-quarter results after a more than two-month delay but failed to...
Forex News  Jan 26  Comment 
The Brazilian real fell today as the worsening outlook for nation’s economic growth made the currency less attractive for market participants.(...)Read the rest of Brazilian Real Drops as Growth Outlook Worsens (69 words) Posted on Forex...
Forex News  Jan 23  Comment 
The Brazilian real fell today but was still heading to a weekly gain. The currency rallied after the nation’s central bank bolstered its interest rates, making the currency more attractive for investors, particularly carry...
Forex News  Jan 22  Comment 
Brazil’s central bank increased its key Selic rate at today’s monetary policy meeting. The decision was not unexpected by market participants, but the Brazilian real still demonstrated a rather big rally after the announcement.(...)Read...




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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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