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Brazil Brazil Real Estate News Blog; February, 2007 Archive

Real Makes Brazil Dollar Beater, Haven for Capital (Update1)

By Art C Ryter at 02/06/07 18:55

The rise of the Brazilian Real against the U.S. dollar has made Brazil an expensive travel destination. Money flowing into Brazilian banks because of high interest rates and rapid appreciation is affecting export prices on items from sugar to Volkswagen cars. Brazilians however, taking advantage of their currencies value, are traveling to Argentina and Chile for wine tasting.
Original source: Bloomberg. Real Makes Brazil Dollar Beater, Haven for Capital (Update1)

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