MercoPress. South Atlantic News Agency
Brazil's Real at almost four to the US dollar; 70% weaker in the last 12 months
Brazil’s currency closed on Monday at the weakest level ever against the dollar as raging economic and political situations increased uncertainty and the odds of the country losing its investment-grade credit rating from yet another ratings company, which could be catastrophic. Read full article
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Sep 22nd, 2015 - 08:33 am - Link - Report abuse 0This recession hasn't bottomed out yet.
The dollar is like Icarus of legend.
Sep 22nd, 2015 - 09:50 am - Link - Report abuse 0@ 1 Skip
Sep 22nd, 2015 - 11:19 am - Link - Report abuse 0Agreed.
@ 2 Brasso
No you idiot, it's the Real that is burning in flames of incompetence and graft by The Chief Crook, Lula, and his now, none favourite, DumbAss Dilma.
The dollar may be the want to be. I do not care about the dollar. It makes three months that we do not sell in dollars.
Sep 22nd, 2015 - 11:23 am - Link - Report abuse 0And do not we buy...
Well perhaps we should ignore the US$.
Sep 22nd, 2015 - 11:45 am - Link - Report abuse 0Chinese Yuan v Brazilian Real
4.18 on 28/4/11
1.60 currently.
61.7% drop.
South African Rand v Brazilian Real
4.84 on 3/7/14
3.43 currently.
29% drop.
Indian Rupee v Brazilian Real
29.11 on 19/9/13
16.53 currently.
43% drop.
Yuan is a sweet, right? I think we're being well paid and have done many businesses in Russia and China.
Sep 22nd, 2015 - 11:52 am - Link - Report abuse 0You Australians have lost some space in the market, right?
http://thebricspost.com/brazil-russia-cabinet-meeting-in-moscow-takes-stock-of-ties/#.VgE_4MtVhBc
http://thebricspost.com/brazil-russia-cabinet-meeting-in-moscow-takes-stock-of-ties/#.VgE_4MtVhBc
Sorry Brasileiros
Sep 22nd, 2015 - 12:46 pm - Link - Report abuse 0Our currency hasn't dropped anywhere near as much as yours.
We also aren't in recession. You are.
We got rid of our bad leader. You haven't.
We're signing a free trade agreement with China. You got Venezuela.
And our export value has only dropped 3.7% over the last year. Not really a loss.
So the end of our boom isn't as bad as the end of your boom.
I'm not getting any bites at all on the other thread....
Sep 22nd, 2015 - 01:42 pm - Link - Report abuse 0Let's see if there are any richer pickings here...
”China to finance UK Power Station....
UK will belong to China within the next 25 years...;-))))
Taking the lead from Argentina....
www.reuters.com/article/2015/09/21/us-energy-nuclear-britain-hinkley-idUSKCN0RL1IE20150921
Only their money Voicy, not their technology. Do try to keep up! And, the Scotch will be stoney broke! London and Bicester Village already belong to China but you provincials wouldnt know that.
Sep 22nd, 2015 - 01:51 pm - Link - Report abuse 0@6 brasshole
Sep 22nd, 2015 - 05:55 pm - Link - Report abuse 0You still don't get it, do you ? even though by your comments, it would appear that you work in some pseudo-export business that only trades with other (Latin American ) countries, also going down the drain, you still don't understand the mechanics of currency exchange rates. The Real is getting weaker against all currencies, not only the USD, which means exports may react positively (provided inflation doesn't annul that effect), but foreign purchases will just keep on getting more expensive. And don't bother trying to tell us Brazil doesn't need them and prove to us, once again, what an idiot you are.
We are not concerned with the West, their currencies or their values. You're pretty dumb if you think you need something from you.
Sep 22nd, 2015 - 06:08 pm - Link - Report abuse 0@ 11 Brasso
Sep 22nd, 2015 - 06:48 pm - Link - Report abuse 0“You're pretty dumb if you think you need something from you.”
Ha, ha, ha, ha.
Show this to someone who understands English because you clearly do not!
Priceless.
Let's get this right.
Sep 22nd, 2015 - 06:56 pm - Link - Report abuse 0Doesn't all the money Brazil has borrowed has been in Yuan, Pounds, Euros and MOSTLY Dollars?
Doesn't the fact that commodity prices of petroleum, soy, wheat, sugar, etc... Has seriously declined?
Also, isn't a sad fact that the earnings reserves of the major Brazilian state owned companies, such as Petrobras, we're plundered by corrupt management and are lacking operating funds?
I wrote it wrong. hahaha
Sep 22nd, 2015 - 07:50 pm - Link - Report abuse 0English is a difficult language to learn and has a phonetic horrible. I give up !
Why do the Brasileiros keep harping on about the west?
Sep 22nd, 2015 - 09:54 pm - Link - Report abuse 0The Real has dropped against 3 of the 4 BRICS (it's inly Russia under the megalomaniac and western sanctions where it hasn't).
The Real has dropped against:
Colombia
Uruguay
Paraguay
Chile
Peru
Mexico
This isn't about the strength of the west and its currencies but the weakness of Brazil.
It is interesting though. I didn't realise that the Brasileiros were such right-wing xenophobes.
Always blaming the west. Last time I checked it wasn't the west running your country.
The Brasileiros can deflect and blame and scapegoat all they like. Eventually they will have to look at the only people to blame for their economic problems.... their government.
The ONLY countries in the largest 40 world economies that have not grown in the last year:
Brazil
Russia
Venezuela
Argentina
@ 15
Sep 22nd, 2015 - 10:15 pm - Link - Report abuse 0You are a liar!
http://economia.terra.com.br/pib-do-brasil-cresce-01-em-2014-diz-ibge,9bd7f4593ea5c410VgnVCM20000099cceb0aRCRD.html
@11 brasshole
Sep 22nd, 2015 - 10:27 pm - Link - Report abuse 0“We are not concerned with the West, their currencies or their values.”
Correction : not “we”, only “you”. Even your 9-fingered hero, although he doesn't like to admit it, recognizes that Brazil needs foreign trade and foreign investment to survive.
At # 6, you inform us “Yuan is a sweet, right? I think we're being well paid and have done many businesses in Russia and China”.......
which implies you are doing 'some' international trade... But why, if you think Brazil doesn't need anything from abroad ? You and Lulla-lá come from the same bag of shit, you change your opinion as often as he gets drunk....and that is a lot !
@14 “English is a difficult language to learn and has a phonetic horrible. I give up !”..........
English is difficult, only if you are an idiot. And which proves you must've had a lousy education. The PT-type of education, pure brainwashing, nothing else.
@ PSDBosta Bobão
Sep 22nd, 2015 - 10:40 pm - Link - Report abuse 0Will fill the bag of the Queen of England! And no Olympics for you in 2016. I'll be watching, if I find one of you here we will give a kick in your ass.
https://www.youtube.com/watch?v=jxrBsdOlwUw
really?
Sep 22nd, 2015 - 11:47 pm - Link - Report abuse 0I am not a liar. As reported by the Instituto Brasileiro de Geografia e Estatística (IBGE).
Sep 23rd, 2015 - 12:54 am - Link - Report abuse 0http://www.tradingeconomics.com/brazil/gdp-growth-annual
5 quarters of negative growth is more than a year.
PS: Bashing foreigners is pretty much fascist. Your country must be so proud of you.
The Brazil last year increased by 0.1%. Then you are a liar yes. Attack foreigners as you is self-defense. I do not want my country contaminated with their way of life.
Sep 23rd, 2015 - 09:49 am - Link - Report abuse 0Stay away!
OMG Brasilieros.
Sep 23rd, 2015 - 12:03 pm - Link - Report abuse 0There is a difference between “last year” and “in the last year”.
Last year = calendar year. Like 2014.
In the last year = a year backwards from this point. Like in the last 365 days.
Reread my post. Brazil has NOT grown IN THE LAST YEAR.
Ok it grew 0.1% LAST YEAR.
LOL
0.1%
Seriously 0.1%.
Bahahahaha how you enjoying your recession?
Brazil-3 quarters of negative growth on the last 5 quarters.
Australia-3 quarters of negative growth in the last 72 quarters.
That's 24 years.
@18 brASSHOLE
Sep 23rd, 2015 - 11:39 pm - Link - Report abuse 0Olympics in 2016 ?? you gotta be joking. Wouldn't set foot in Rio, even if you paid me to. It's going to be full of the local shit, just like you, so rest assured, you won't be seeing me there.
@21 brASSHOLE
“The Brazil last year increased by 0.1%. ”
“What” increased by 0.1% ? the GNP ? perhaps, IF the numbers weren't manipulated by the Government. But IF true, that was LAST year...THIS year, 2015, projections are already at -2,4%, and sure to grow - negatively.
2016, who knows ? Accumulated - official - inflation has already reached 9,5%.....with all public tariffs going up 30, 40, 50% a year, and weekly increases in the supermarkets, things are not looking too good. Hope you can survive on your 'bolsa família'.
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