Brazilian Rea (BRL)

QUOTE AND NEWS  May 23  Comment 
BRASILIA (dpa-AFX) - The Brazilian Real drifted lower against the U.S. dollar in European trading on Monday, on weaker commodity prices. The Brazilian currency fell to a 4-day low of 3.5691 against the greenback, from an early 5-day high of...
Financial Times  May 16  Comment 
Polish zloty and Russian rouble also stand out in weaker market
Wall Street Journal  May 11  Comment 
The Brazilian real strengthened against the dollar Wednesday as the country’s Senate prepared to vote on whether to hold an impeachment trial for President Dilma Rousseff, and shares declined.
Reuters  May 10  Comment 
* Arcos Dorados Holdings Inc. announces final settlement of cash tender offer for any and all of its 10.25% brazilian real denominated senior notes due 2016 Source text for Eikon: Further company...
Clusterstock  May 9  Comment 
Good morning! The Brazilian real is getting demolished. The currency dropped as low as 4.8% at 3.6708 as of 11:14 a.m. ET. A few minutes later, it recovered some of its losses. It is currently down by 3.8% 3.6381. This...  Apr 29  Comment 
BRASILIA (dpa-AFX) - The Brazilian Real spiked up against the U.S. dollar in New York trading on Friday. The Brazilian Real that ended yesterday's trading at 3.4870 against the greenback advanced to near a 9-month high of 3.4303. The...
Financial Times  Apr 18  Comment 
Currency sinks after rallying following Congress vote on Rousseff impeachment
Reuters  Apr 15  Comment 
* Brazilian real vs dollar this year:
SeekingAlpha  Apr 13  Comment 


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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