Brazilian Real Exchange RateA 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 [...]
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The Brazilian Central Bank acknowledged recently what anybody who’s been to Brazil for longer than two months knows perfectly well: there is a serious shortage of small change in the country. The reasons are diverse. The bank blames piggy banks, poor things. 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 [...] As Florianópolis is a larguish island with scores of towns and villages, there are considerable price differences between one place and another, even when there are quite near each other. The Brazilian government’s agency responsible for fuel, the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis better known as ANP, has a useful tool on its website where you can look up the average prices for fuel all throughout the Brazilian territory: Levantamento de preços. |
  
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