Real vs Dollar and other currency issues

[Golfinho]

.Now if the Right Wingers win like (Jair Bolsonaro) Look for the Brazil Real to get strong. It will head back to the 3's or even 2 to 1. As the right wingers will cut workers Pension, cut government programs and services, which will satisfy Foreign Investors, and Hedge Managers on wall street.

Having been to Brasil since 1984, having worked in the industry, and remembering well many run-ups to elections, new currencies and devaluations, and the exchange rate drop during the 2002 campaign, refer the article link to give yourself an understanding of what is actually in play here in situations such as this:

https://www.counterpunch.org/2018/07...s-2001-crisis/

[Java Man]

Yes I got 3. 96 today at the ATM (but with ATM fee it was 3. 71) Still very good. I am thrilled with what I am getting for the price down here. Top shelf looks!

If you're from Amerika, get yourself a Charles Schwab Checking account, (You'll have to open a Schwab One brokerage account first.) They refund all ATM fees at end of Month. You'll have to open a Schwab One brokerage account first.

Another one is the Aspiration Card, but Schwab card easier to use.

Another option: Bradesco ATM's have no withdrawal fees.

[ForceSteeler]

Yes I got 3. 96 today at the ATM (but with ATM fee it was 3. 71) Still very good. I am thrilled with what I am getting for the price down here. Top shelf looks!

Here is a pro tip: If you guys want to get the best rate at a money exchange place. Let a brazilian person change the money for you. When I go to Brazil, I have my Brazilian maid change my money. She gets the exact rate. So if its 4.03 to $1 Dollar. I get exactly 4.03.

If your a Gringo, especially if you don't speak Portuguese and can't blend in like a local. You will not get the best rate. When your a gringo, They will try to take 8-30 Real off every $100 you exchange.

I'm glad the Brazilian real is devaluing. I'm heading there in 2 months, so maybe it gets to 5 to 1. If the left wing party (Workers Party) of Brazil take over, Look for the Brazil real to head to 5 to 1 or maybe even 6. The Workers Party will try to save Brazilians pension plans and offer higher worker wages.

Now if the Right Wingers win like (Jair Bolsonaro) Look for the Brazil Real to get strong. It will head back to the 3's or even 2 to 1. As the right wingers will cut workers Pension, cut government programs and services, which will satisfy Foreign Investors, and Hedge Managers on wall street.

https://www.bloomberg.com/news/artic...ection-outlook

[Steve 9696]

Todays close 4. 0379, yeah baby! Can we hold it?

Yes I got 3. 96 today at the ATM (but with ATM fee it was 3. 71) Still very good. I am thrilled with what I am getting for the price down here. Top shelf looks!

[Rio Bob]

Nice 3. 91 lets keep up the MO! Can we get a 5 by Christmas? LOL.

Todays close 4. 0379, yeah baby! Can we hold it?

[WyattEarp]

As a result, I for one plan to have 4/3 more sex than a year ago. Join the movement!

Good time to go. Given a little time, the girls at the Sao Paulo boates and the Rio termas will likely try to jack up their prices. The boate girls aren't stupid. They like nice things that are priced locally based on the dollar.

[Steve 9696]

The Real is currently at 3. 90 to the Dollar as I write this. 4. 44 to the Euro.

As a result, I for one plan to have 4/3 more sex than a year ago. Join the movement!

[Eszpresszo]

The Real is currently at 3. 90 to the Dollar as I write this. 4. 44 to the Euro.

Yes. Rising interest rates in the US will normally make the USD a stronger currency against others. At the same time, that action will particularly impact the currencies of developing nations. But, the collapse of the Turkish Lira is having a strong impact on financial markets this week, hitting the developing world in particular. The Colombian Peso is now back over 3000 per USD. Since I am leaving for Colombia in two weeks, this is great news. Sex for under $20 is on the menu. But, you are headed for Germany and sadly, the Euro hasn't weakened that much against the USD. But, that's good news for those in Europe, as well as they prepare for holidays in Thailand, Bali, and the DR (though it is a bit off season for the Europeans). All the currencies of those holiday destinations are a bit weaker, as well.

[Java Man]

The Real is currently at 3. 90 to the Dollar as I write this. 4. 44 to the Euro.

[Eszpresszo]

The only relevant tea leaves are those that give you a clue as to what these guys are going to do next. The nonsense you hear from the financial media is just that, nonsense.

Well, I certainly agree that financial media is largely full of nonsense and buying into it is hazardous to your wealth. However, it would be similarly unwise to disregard the actions of the central bankers, who control the money supply of the world's reserve currencies (and I will leave it at that).

[Exec Talent]

It's not that the dollar is dropping, but rather the Real is gaining against other currencies after taking a slide. The Real strengthened against the Euro, lock in step with the USD. Developing economies tend to have volatile currencies, just like everything else that is volatile about them.

One of the biggest factors on the strength of a developing nation's currency is going to be interest rates as determined by Federal Reserve Bank of the United States and the direction of interest rates as implied by the Fed's Board of Governors. With interest rates going up in the US, its going to work against the Real in the long run. It will work against other developing nation's currencies, as well (not so much against the Euro or Pound Sterling, as they have their own strong central bank policy). That's good news for mongers, whether your destination is the PI, the DR or Brazil. Just be ready for this kind of volatility in the near term. Who knows what it will be like a year from now, when I am planning to go.

As a currency trader you hear all the constant chatter as to why a particular currency does this or that. The truth is far simpler as is the case with most markets. Money is only made based upon movement up or down. If you do not believe this is as a result of insider trading and market manipulators then go read Cat in a Hat because it is closer to a true story than this economy or that economy or this Central Bank and that Central Bank. The only relevant tea leaves are those that give you a clue as to what these guys are going to do next. The nonsense you hear from the financial media is just that, nonsense. They have to babble on about something.

[Eszpresszo]

WTF, Man! The Dollar holding steady against the Euro, but Dropping against the Real! Currently at $R3.71.

It's not that the dollar is dropping, but rather the Real is gaining against other currencies after taking a slide. The Real strengthened against the Euro, lock in step with the USD. Developing economies tend to have volatile currencies, just like everything else that is volatile about them.

One of the biggest factors on the strength of a developing nation's currency is going to be interest rates as determined by Federal Reserve Bank of the United States and the direction of interest rates as implied by the Fed's Board of Governors. With interest rates going up in the US, its going to work against the Real in the long run. It will work against other developing nation's currencies, as well (not so much against the Euro or Pound Sterling, as they have their own strong central bank policy). That's good news for mongers, whether your destination is the PI, the DR or Brazil. Just be ready for this kind of volatility in the near term. Who knows what it will be like a year from now, when I am planning to go.

[Java Man]

WTF, Man! The Dollar holding steady against the Euro, but Dropping against the Real! Currently at $R3.71.

[Steve 9696]

The dollar has steadily increased the last few weeks. It's currently at R3.91 as I write this. Euro is at R4.56.

Glad pussy is not pegged to the dollar! I will get 30% more pussy than just a year ago. Not complaining!

[Java Man]

The dollar has steadily increased the last few weeks. It's currently at R3.91 as I write this. Euro is at R4.56.