Real vs Dollar and other currency issues

[Edward M]

I made some calls today to see about buying some Reais for my next trip before my dollars become even more worthless. Citibank and HSBC do not sell Reais. American Express sells (and buys) at a loan-shark rate of 15%+$6. Anybody know of any better options?

[Java Man]

Your wish has been granted Christopherd.

1.00 GBP (British Pound) = 3.79630 BRL

1.00 EURO = 2.57403 BRL

1.00 US DOLLAR = 1.86740 BRL

Damn Yankee Dollar keeps dropping daily against the Real. If this keeps up, it will be worthless, and the GDP will have to start sending money to their "friends" in the US!!

I'm not sure how the other currencies are doing on a daily basis.

[Amerioca]

Jackson - is there any merit perhaps in moving this discussion to a thread of its own?

a) It is only of interest to US members

b) it means visitors wanting to access information about mongering in Brasil have to trawl through such a vast amount of barely related material that they may well give up.

I know it is important to you American guys in deciding whether you want to go to Brasil or not but, with respect, this is a mongering forum not an economics chatroom.

Best wishes

I agree with Rio Bob. This is the most appropriate forum for such a topic. As for economics not playing an important role in our hobby, I must disagree with you.

[Jan 156]

this is the general info thread which means anything goes.

well you have posted many more times than i, and if you are expressing the wishes of a majority i bow to peer feelings on it. i'd argue the point but it would only invite further discussion that (imho) makes the purpose of the forum a side issue.

if anyone wants to know the exchange rate there are dozens of sites that provide it instantly.

[Edward M]

Jackson - is there any merit perhaps in moving this discussion to a thread of its own?

a) It is only of interest to US members

b) it means visitors wanting to access information about mongering in Brasil have to trawl through such a vast amount of barely related material that they may well give up.

I know it is important to you American guys in deciding whether you want to go to Brasil or not but, with respect, this is a mongering forum not an economics chatroom.

Best wishes

With all due respect money and economics are a very important part of mongering by definition. I am on the verge of dumping a few grand into Reais to pre-emptively cut my losses and appreciate all of the advice on the subject.

[Rio Bob]

Jackson - is there any merit perhaps in moving this discussion to a thread of its own?

a) It is only of interest to US members

b) it means visitors wanting to access information about mongering in Brasil have to trawl through such a vast amount of barely related material that they may well give up.

I know it is important to you American guys in deciding whether you want to go to Brasil or not but, with respect, this is a mongering forum not an economics chatroom.

Best wishes

This is the General Info thread which means anything goes.

If this discussion was going on in the Rio Reports section then I can understand your point B which should only be about mongering in Rio not exchange rates but it's not perfect there either.

Why doesn't someone tell us how the Pound or Euro is doing these days compared to the Real, Im sure the Americans would be interested.

[Jan 156]

Jackson - is there any merit perhaps in moving this discussion to a thread of its own?

a) It is only of interest to US members

b) it means visitors wanting to access information about mongering in Brasil have to trawl through such a vast amount of barely related material that they may well give up.

I know it is important to you American guys in deciding whether you want to go to Brasil or not but, with respect, this is a mongering forum not an economics chatroom.

Best wishes

[Bravo]

Today, it opened at 1.89, and dropped to 1.87 within hours. At the current rate, it would not surprise me if the dollar tanks to 1.70 before the end of the year. Many traders expected the dollar to tenaciously hold at the 2.0 mark, however, that line has been breached. Unfortunately, we have been losing significant ground to most currencies in the past several years.

Should go back up AFTER the Pan AM games. Everytime their is a major event in Brasil (IE Carnival) the exchange rates dip in their favor, its been that way for years.

[Amerioca]

After a couple of months of hovering in the 1.90 to 1.95 range, the dollar yesterday dipped to 1.89. It's 1.88 today. How low can it go?

Today, it opened at 1.89, and dropped to 1.87 within hours. At the current rate, it would not surprise me if the dollar tanks to 1.70 before the end of the year. Many traders expected the dollar to tenaciously hold at the 2.0 mark, however, that line has been breached. Unfortunately, we have been losing significant ground to most currencies in the past several years.

[Prosal]

How low can it go?

Argentina Peso is at 4.30 for the €.

If I had any desire to go back to South America (which is not the case), I'd go straight to BA, Cordoba, Mendoza or Rosario.

[Java Man]

After a couple of months of hovering in the 1.90 to 1.95 range, the dollar yesterday dipped to 1.89. It's 1.88 today. How low can it go?

[Admin]

Thread Starter