Brazilian Rea (BRL)

QUOTE AND NEWS
MarketWatch  Apr 4  Comment 
Investors are holding their breath as Brazil’s high court decides whether a former president begins a prison sentence or continues his campaign to return to office.
Motley Fool  Mar 16  Comment 
Good news: It's getting bought. Bad news: It's not Paper Excellence that's buying it.
Financial Times  Jan 25  Comment 
Currency recovers to hit strongest level since October
MarketWatch  Dec 6  Comment 
The Central Bank of Brazil lowered its benchmark interest rate, the so-called Selic rate, by 50 basis points to 7%, in line with FactSet consensus estimates. The central bank cited economic indicators showing the gradual recovery of the economy,...
MarketWatch  Oct 30  Comment 
In Brazil, political turmoil could remain the driver for the South American country’s currency well into 2018.
Reuters  Aug 29  Comment 
Brazil's government expects 2018 revenue of up to 10 billion reais ($3.16 billion) from the privatisation process of power holding company Eletrobras , deputy energy minister Paulo Pedrosa said on Tuesday.
Reuters  Aug 25  Comment 
U.S. automaker General Motors Co on Friday announced 1.9 billion reais ($603 million) of investments in its Joinville factory in southern Brazil and 1.2 billion reais of capital spending in its plant on the outskirts of São Paulo.
Forex News  Jul 27  Comment 
The Brazilian real rallied against the US dollar today after the Federal Reserve released a dovish policy statement and Brazil’s central bank cut its key interest rate. The Central Bank of Brazil cut the Selic rate by one percentage...
Channel News Asia  Jul 9  Comment 
SAO PAULO: Brazil's most prominent banking clans could pay between 3.3 billion reais and 3.5 billion reais (US$1 billion and US$1.1 billion) for a majority stake in Havaianas flip flop maker Alpargatas SA, two people with knowledge of the matter...




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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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