EXCHANGE RATE NEWS

[trilingual]

Today's "Globo" reports the dollar down to R$2.83 with the possibility of a further downward trend! The Brazilian stockmarket is at its highest point since mid-2000 (why didn't I invest when prices were low?) and the country's risk factor rating is also at its lowest point in years. Exports are booming and Brazil's trade surplus (which M4M is helping to build up) is at record levels, so a stronger real may be a long-term trend. At least for the forseeable future!

 

At R$2.80 to the dollar, which has been the target floor for a long time, Brazil is still an inexpensive destination. But not as inexpensive as when it was nearly R$3.50 to the dollar, like it was earlier this year! So budget accordingly, and keep an eye on the exchange rate tables in your newspaper's financial section to avoid any big surprises prior to your trips!