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. [...]
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. Whether the pigs are guilty or not, the truth is that a by-product [...]
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 [...]
Credit card fraud is widespread in Brazil. Duplication of credit cards has become a major problem, with hundreds of active gangs specialized on the fraud. Can credit cards be used in Brazil? Yes, they can, taking some basic precautions. The most important thing is to understand that the duplication of the card takes places when [...]
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 [...]
Brazilian Real Exchange Rate