Brazil Travel Blog » dollar http://www.braziltravelblog.com An independent travel blog with information on Brazil Wed, 08 Feb 2012 08:40:46 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 real vs dollar and euro, changes unlikely http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/ http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/#comments Mon, 09 Nov 2009 10:26:03 +0000 Tony http://www.braziltravelblog.com/?p=2559 Tony Gálvez. Read the original at http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/. If you find this text at a location other than the Brazil Travel Blog it is an unauthorized use of the blog material.

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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]]> http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/feed/ 1 Differences between “comercial”, “turismo” and “paralelo” dollars http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/ http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/#comments Sat, 17 Mar 2007 15:05:56 +0000 Tony http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/ Tony Gálvez. Read the original at http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/. If you find this text at a location other than the Brazil Travel Blog it is an unauthorized use of the blog material.

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 a Brazilian ATM the exchange rate that will be applied to you will be very similar to the one of the dólar comercial.
  • dólar turismo: its exchange rate is applied to the purchase of dollars for tourism purposes. If you exchange money at a bank or bureau de change/currency exchange, the exchange rate that will be applied to you will also be the one of the dólar turismo. The exchange rate of the dólar turismo is also applied when a Brazilian buys a flight or a package holiday quoted in dollars.
  • dólar paralelo: used in the black market. Its exchange rate appears on the press because of the importance of irregular operations carried out on a daily basis through black market operators (doleiros). The exchange rate of the dólar paralelo is of no interest to the tourist.

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