Brazilian Rea (BRL)

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  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...


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).

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki