Brazilian Rea (BRL)

QUOTE AND NEWS
Reuters  Jul 2  Comment 
A group of five Brazilian banks will refinance about 11.5 billion reais ($3.6 billion) in loans for ailing Sete Brasil Participações SA for a further 45 days, in a bid...
Benzinga  Jul 1  Comment 
Coffee futures have extended losses from early in the session on Wednesday. September Coffee is trading at 129.40, down 3.00. Market talk about weather, the level of the Brazilian real and harvest in Brazil continues non-stop. Market chatter...
SeekingAlpha  Jun 5  Comment 
TheStreet.com  May 18  Comment 
NEW YORK (TheStreet) -- Shares of Petrobras  rose 1.68% to $10.30 in morning trading Monday after the beleaguered Brazilian state-owned energy company reported a surprise first-quarter earnings beat on Friday. Petrobras posted a 1.2% decline...




RELATED WIKI ARTICLES
 


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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