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Originally Posted by (Gk)
It was going down quickly, but I'm hoping economists are correct and it will go up again by the end of this year.
We had the lowest rate since 2002 last week. Right now is at U$1 = R$2.41 (generally around R$2.90)
Just out of curiosity: R$1 = 1.19 Argentina Pesos
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Basically the dollar goes down when the country exports a lot, I am sure Lula will correct it somehow, since it affects internal commerce. 1 peso= 1,19 real? Does that mean that we are cheap for brazilians?