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In the last few years the Real has dropped about 50% compared to gold and the dollar.
by digisign 5y ago
In the last few years the Real has dropped about 50% compared to gold and the dollar.
- TremendousJudge 5y agoInflation != value compared to the dollar Unlike other Latin American countries, Brazil's economy is mostly decoupled from the dollar -- people don't save in dollars, they save in reales. Prices are all in reales (including housing and cars, something that is usually in dollars in other countries), and most importantly, the national debt is in reales, and mostly internal. A rise in the price of the dollar is not necessarily harmful to the people living there if the prices don't rise the same way, and it can even be beneficial by making the exports more competitive in the world market.
- digisign 5y agoI compared it to gold first. Other currencies are additional datapoints: https://www.xe.com/currencycharts/?from=XAU&to=BRL&view=5Y https://www.xe.com/currencycharts/?from=XAU&to=BRL&view=5Y