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. [...]
What is the difference between the “comercial”, the “turismo” and the “paralelo” dollar? A technical explanation would be far too boring, plus I’m don’t have sufficient knowledge to deliver it. My approach will be more practical: dólar comercial: it’s the one used in trade, imports, exports, and financial operations. When you withdraw local currency from [...]
Do I bring euros or do I bring dollars? If you are coming from Europe, bring your euros, there is absolutely no need to change them into dollars. Wherever dollars are exchanged, euros are exchanged too. If your currency is the dollar, then bring dollars, of course. SEE ALSO: money and currency subscribe to the [...]
The Brazilian currency is the real (its symbol, R$). Only banks from neighbouring countries will exchange reales. You are advised to take dollars or euros with you. If coming from Europe, there is no need to exchange euros into dollars. Euros ares as easy to exchange as dollars. Traveller’s cheques are not an interesting option [...]
