Brazilian Real Exchange Ratereal vs dollar and euro, changes unlikely
Posted on November 09th, 2009 in Money
A financial analyst from bank Itau (one of the largest Brazilian corporations) told me last week that the bank doesn’t expect big shifts in the current relationship between the Brazilian real and the US dollar and the euro. In other words, an overvalued real is likely to stay, at least for the next few months.
Bad news for foreign tourists as an overvalued local currency adds more pressure on your travelling budget. Good news for Brazilians planning a trip abroad.
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This post has one comment
November 20th, 2009
In regards to currency it is still a great proposition for foreigners to invest in Brazil. Unless the Real really strengthens this should remain the case.