A vitamin-enriched real – the Brazilian currency, reached on Friday an all-time high against the dollar. Not since 1999 had a real bought so many dollars. On Friday, 1 US dollar would buy you 1,5895 reais. 1 euro would buy 2,5194 reais (I’m mentioning here the “comercial” quotation of the dollar, for more info read also at this blog differences between “comercial”, “turismo” and “paralelo” dollars).
This is basically bad news for anyone planning a trip to Brazil. Irrespective of the evolution of prizes within Brazil, Brazil is a much more expensive country for anyone coming from Europe or the United States. To make matters worse, the current inflationary tide sweeping the world is being felt in earnest in Brazil. In a few months, food prices have gone up to 30% in some of the largest cities of Brazil. As a result, restaurants have increased their prices considerably in the last couple of months. I won’t even bother mentioning the rocketing airfare prices, another factor that will be heavily felt by visitors to the country.
More than ever, comparing prices is the name of the game.
At the money category of the blog you can read all the blog entries published on the subject.