MercoPress. South Atlantic News Agency
Brazil's Real drops to lowest since April 2003; loss of 17% against the dollar this year
No end to Brazil's economic woes: the Brazilian currency depreciated 2.7% on Thursday, at 3.30 Reales to the US dollar, its worst performance since April 2003. With this loss of ground the Real cut short a three day recovery, because since last Monday it had been climbing against the greenback. Read full article
Comments
Disclaimer & comment rulesSo from a high of R1.53 to the US dollar it is now at R3.30 and still falling!!!!!
Mar 20th, 2015 - 08:33 am - Link - Report abuse 0If only Brazil was an exporting powerhouse, it would be about to boom.
The dollar is no longer reference to anything else. The important thing is to monitor the real / rand / rupee / remimb / ruble.
Mar 20th, 2015 - 09:47 am - Link - Report abuse 0The 5 R from BRICS.
Bahahaha. My God how dumb can you get?
Mar 20th, 2015 - 10:28 am - Link - Report abuse 0On the last 2 years the Real was worth:
29 Indian Rupees and is now worth 18.8 (down 35%)
4.86 South African Rand and is now worth 3.69 (down 24%)
3.15 Chinese Yuan and is now worth 1.87 (down 41%)
26.4 Russian Rubles and is now worth 18.25 (down 31%)
Monitor whichever currency you want. The simply fact is that Brazil IMPORTS more from the US than South Africa, India and Russia COMBINED.
Your table is blind because it only loads the trade transactions in dollars.
Mar 20th, 2015 - 10:44 am - Link - Report abuse 0In the last 02 years trade in dollars between the BRICS fell 10% and trade in local currency grew by 15%.
Asks the CIA and NSA spying that.
@4. What 'table'? Who would care about the trade between the BRICS? Here's a REAL FACT about BRICS. They all produce worthless crap. Go find anything produced by any of them that is either worth having or worth the amount of money asked for it. Can't remember the last thing I saw marked 'Made in Brazil/Russia/South Africa'. And 'Made in China/India' is always overpriced rubbish.
Mar 20th, 2015 - 11:38 am - Link - Report abuse 0“Your table is blind because it only loads the trade transactions in dollars.”
Mar 20th, 2015 - 11:48 am - Link - Report abuse 0OMG. Get an education!
Denominated trade in peanuts or monkey's testicles and the US still sells more to Brazil than India, Russia and South Africa combined.
Your ignorance is breathtaking. But it is awesome to watch because you actually make your own country look even more stupid because you are a product if it.
@5
Mar 20th, 2015 - 11:53 am - Link - Report abuse 0I do not remember having bought something made USA or EU. Perhaps now you can see how we (Western and South American) are completely insignificant to one another.
@3
The numbers entered by you regarding the price of currencies is false. As I said before, you are not a trustworthy person. For me it is shameful keep any dialogue with you. I will not do that anymore.
http://economia.uol.com.br/cotacoes/cambio/yuan-china/?historico
The PetroBras scandal may be leaking into Argentina and CFK.
Mar 20th, 2015 - 12:52 pm - Link - Report abuse 0Unless Brazil stops with the crazy free money to poor people they're doomed. They can't afford it and with the failing BREAL inflation is going to skyrocket.
Hey Brasshole nobody wants to have dialogue with you either.
Mar 20th, 2015 - 03:48 pm - Link - Report abuse 0The fact is the Brazilian Real only has an outlook of going lower (by a long way).
To me things in Brazil are getting relatively cheaper and cheaper, another cold beer please!!!!
@7 Brasileiro BURRO !!!! IGNORANTE !
Mar 20th, 2015 - 04:10 pm - Link - Report abuse 0Keep your mouth shut...everytime you open it you embarass the human race...beginning to doubt that you ARE even human,,,you must be from the same under-developed excuse of a race as your hero, Lulla .
You are right about one thing though, YOU are insignificant to everyone.
Dilma and the PT with 13% approval...enjoy yourself you knucklehead !
There was a post from the Brasshole idiot a couple of weeks ago where he said the Governement led by PT still had majority support.
Mar 20th, 2015 - 06:03 pm - Link - Report abuse 0Think of something really dumb like a one celled organism - that's brasshole!
I have only one answer to all of you: LULA 2018
Mar 20th, 2015 - 06:57 pm - Link - Report abuse 0BRASIL BRASIL BRASIL BRASIL BRASIL
LULA2014 LULA2018 LULA2018 LULA2018 LULA2018
@ 12 BRASSO
Mar 20th, 2015 - 07:37 pm - Link - Report abuse 0Morte de Lula em 2015!
You KNOW it makes sense! Which is more than you ever do.
Ha, ha, ha, ha.
@12
Mar 20th, 2015 - 09:35 pm - Link - Report abuse 0Lula : 1945 - 2015.....bye bye Burros !
No guys I love Brasileiro.
Mar 20th, 2015 - 10:33 pm - Link - Report abuse 0I mean they are so ill-educated that they think changing a currency will change fact.
They keep trying to move the goalposts and talk about other currencies. But as I showed, the real has dropped against all of them.
At the end of the day, all imports are eventually denominated in REAIS. And in REAIS the US sells more to Brazil than Russia, India and South Africa combined.
The currency of Brazil is the REAL. It isn't the rand or rupee or ruble.
And as soon as Brasileiro realised they weren't able to disprove that..... they shutdown.
Which is funny when you think about it, because that is what the Brazilian government does. It just ignores anything it doesn't like until it becomes a major problem.
The brASSHOLE group is becoming boring....says nothing new and its arguments are as irrelevant as a fart ...
Mar 22nd, 2015 - 07:00 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!