real 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. [...]

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Differences between “comercial”, “turismo” and “paralelo” dollars

Posted on March 17th, 2007 in Money

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 [...]

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