Brazilian Rea (BRL)

QUOTE AND NEWS
Clusterstock  Apr 15  Comment 
SAO PAULO (Reuters) - A judge in Brazil's biggest city ruled this week that a driver using the Uber ride-hailing app is an employee of the San-Francisco-based company, threatening its business model in one of its biggest markets. Uber said it...
The Times of India  Mar 23  Comment 
LATAM-EMERGINGMARKETS/ (TABLE):EMERGING MARKETS-Brazil real slips on narrow win for outsourcing bill
Reuters  Jan 26  Comment 
BM&FBovespa SA, Latin America's largest financial bourse, has agreed to buy 8.59 percent of Peruvian peer Bolsa de Valores de Lima SA for about 49 million reais ($15...
Reuters  Jan 17  Comment 
Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs,...
Forex News  Jan 12  Comment 
The Brazilian real, like most other currencies, rallied against the US dollar today despite monetary easing from Brazil’s central bank. The Central Bank of Brazil cut its main interest rate to 13% at its January meeting. The 75 basis...
Reuters  Jan 3  Comment 
Brazil's renewable power generation company Renova Energia SA is in talks to sell its wind farm Alto Sertao II to the Brazilian unit of AES Corp, known as AES Brasil, for 600 million reais to 700 million reais ($214 million), a source with direct...
Reuters  Dec 28  Comment 
Two of three shareholders sharing control of Transmissora Aliança de Energia Elétrica SA have agreed to sell their stake in the Brazilian power transmission company to...
Agrimoney.com  Dec 7  Comment 
Arabica coffee futures take above 20% their decline from November highs, undermined by growing supply hopes and weakness in Brazil's real
Agrimoney.com  Dec 6  Comment 
Arabica coffee futures take above 20% their decline from November highs, undermined by growing supply hopes and weakness in Brazil's real




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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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