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Brazilian Rea (BRL)

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Big holder plans to sell nearly $1 billion of Via Varejo stake: report
Reuters  May 13  Comment 
A minority partner of Via Varejo, Brazil's largest home appliance retailer, plans to sell as much as 2 billion reais ($988 million) worth of its stake in a public offering,...




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 This article describes a currency traded on the global foreign exchange market. View articles referencing this currency.
 


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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