Comments for Brazilian Currency, the Real, Too Strong for Its Own Good at http://www.brazzilmag.com , comment 0 to 4 out of 4 comments http://www.brazzilmag.com Sun, 07 Sep 2008 16:19:35 +0100 FeedCreator 1.7.2 http://www.brazzilmag.com/content/view/9222/1/#pc_13977 Brazilian society has been taken for a ride just once more...by their world reknown champions in country and currency management !!!!!!! We have lots of differences, but I must agree with you. We are being taken for a sucker ride. Probably we have to wait until 2010 (20th anniversary ) for our bank accounts to be confiscated :'( - João da Silva Sat, 05 Apr 2008 23:04:00 +0100 http://www.brazzilmag.com/content/view/9222/1/#pc_13964 - In 1995 the BRL rate was 1 to 1 against the US$ - In 2002/3 if fell by 75 % to 1 BRL per US$0,27 - Today it doubled from the 2002/3 low, give or take a little. (from around 0,28 to 0,59 US$ per 1 BRL) - Thus still 40 % below your pegged date - But to go back to the then pegged rate, your currency must still appreciate by nearly 70 % !!!! Yes nearly another 70 % is needed to go from US$ 0,59 per BRL for 1 BRL being the equivalent of 1 US$. But Brazilians always tired to keep a strong currency for more than a few years, today already feel their currerncy is....OVERVALUED - But looking at any 10 years rate of change, your currency is INEXORABLY weaker than the 10th previous year.And this measure is kind and nice to you since it measures against another SECULAR WEAK currency : the US$ !!!!!!! Lets face it, your currency doubled after it fell 75 %....FIRST !!!!! Not strong on a secular basis by any means...in my view. And looking from a low to a high (2003-2008) certainlky doesnt show the SECULAR TREND of a currency or a goods. Brazil is proving once more that their currency is in a SECULAR downtrend, and that any 2 to 5 years rally is only a BEAR market rally, but in no way a change in SECULAR TREND. Also true that Brazilians CANNOT see further out than 5 to 7 years. They better dont. And the Brazilian governments would make sure you dont. On a lighter and smiling note, in 1996 I went to SP - Rio -Bahia - Maceio etc etc. From the peg rate date your currency appreciated by 10 % against the US$. Your population was so sure that there was only one way for your currency but to continue to go up, your prostitutes and many shops REFUSED to be paid in US$, German marks or Swiss Francs. They wanted only their own local currency and ....nothing else ! 2 years later we all know what happened !!!! Smile Brazilian society has been taken for a ride just once more...by their world reknown champions in country and currency management !!!!!!! Applaude.....applaude....applaude !!!!! THEM.....not me ! :D ;D - ch.c. Sat, 05 Apr 2008 17:17:53 +0100 http://www.brazzilmag.com/content/view/9222/1/#pc_13949 Check your figures, or are you rounding to the nearest .50 cents?? - Peter Pan Fri, 04 Apr 2008 14:35:41 +0100 http://www.brazzilmag.com/content/view/9222/1/#pc_13942 quem tem troco? ;D - Jacyra Fri, 04 Apr 2008 11:28:32 +0100