Brazilian Rea (BRL)

QUOTE AND NEWS
Automotive World  Aug 3  Comment 
Brazil’s weakening currency assists ArcelorMittal’s competitiveness in steel exports The post Weakening Brazilian real a “silver lining on a dark cloud” for ArcelorMittal appeared first on Automotive World.
Benzinga  Jul 30  Comment 
Coffee futures are trading higher on Thursday. September Coffee is trading at 124.80, up 2.65. Trading is choppy. Some market talk about end of month positioning has kept both buyers and sellers active. Chatter about currency values and the...
Benzinga  Jul 30  Comment 
newratings.com  Jul 29  Comment 
BRASILIA (dpa-AFX) - The Brazilian real firmed against the U.S. dollar in early New York deals on Wednesday, as traders expect the Central bank of Brazil to hike interest rate at its monetary policy decision, due later in the day. Economists are...
Reuters  Jul 17  Comment 
Gerdau SA, the largest steelmaker in the Americas, said on Friday that a plan to spend 1.986 billion reais ($621 billion) buying out four units in a broad...
Yahoo  Jul 17  Comment 
Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take a charge against second-quarter earnings. The payment...
The Economist  Jul 16  Comment 
Not really the way forward WITH Brazil’s economy set to shrink by 1.5% this year, and Brazilian bosses more concerned with survival than expansion, Dilma Rousseff, the country’s president, is keen to drum up foreign investment. “I have...
Benzinga  Jul 16  Comment 
Coffee futures are trading lower Thursday morning. September Coffee is trading at 127.95, down 1.80 and near the lows of the session. Trading is expected to be choppy with possible wide ranges on both sides of unchanged. Market talk about the...
Benzinga  Jul 16  Comment 
Benzinga  Jul 15  Comment 
New York Coffee futures have moved down quickly with brisk trading taking place Wednesday morning. September Coffee is trading at 128.95, down 3.05. Market talk about the uncertainty over Brazil's coffee production is making the rounds. Chatter...
Benzinga  Jul 15  Comment 
TheStreet.com  Jul 14  Comment 
NEW YORK (TheStreet) -- Geradu SA shares are down by 5.17% to $2.14 in afternoon trading on Tuesday, after the Brazilian steelmaker announced plans to undergo a broad corporate reorganization. The plan is designed to take better advantage of...
Benzinga  Jul 14  Comment 
New York Coffee futures have moved higher after a steady open Tuesday morning. September Coffee is trading at 131.95, up 3.15. Trading is choppy and active. Market talk about weather is non-stop. Market talk about Brazil's coffee production and...
Benzinga  Jul 14  Comment 




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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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