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It's been a long, long time - - -

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Today = $3.12 R to $1.00 U.S.

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Today = $3.12 R to $1.00 U.S.

It almost seems like old times with the Real trading as it is currently -

The Real closed this evening at: 1 USD = 3.13924

Earlier in the day, the Real was trading at: 1 USD = 318548

The rate has been fluctuating all day.

Sunday, there is a planned (supposedly peaceful) demonstration in the larger cities of Brazil as another attempt to impeach President Roussef. Some economists think that the anticipation of the impeachment demonstration might be influencing the Real to slide so much.

On the other hand, probably no one knows the actual or full reason (s) for the Real decline.

Unquestionably, for Americans, the decline is good. Not so for the Brazilians.

If the lower exchange rates continue, we will be seeing a lot more Americans vacationing in Brazil.

Like old times...except the hotels and apartments are still at least 3x as expensive as they were 10 yrs ago. And that's the biggest expense you face going anywhere...unfortunately, as much value as the real has lost, the $ has lost even more, it's just not as apparent...

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Like old times...except the hotels and apartments are still at least 3x as expensive as they were 10 yrs ago. And that's the biggest expense you face going anywhere...unfortunately, as much value as the real has lost, the $ has lost even more, it's just not as apparent...

Let me amplify my statement - "It almost seems like old times with the Real trading as it is currently."

Even though prices for hotels and apartments in Brazil have increased unrealistically, many other items have not increased materially, specifically, garotos.

Therefore, even though inflation has caused some items to go beyond the official inflation rate, most garotos have pretty much stayed the same price or only minimally increased.

With the increased trading exchange rate, it does almost seem like old times (with respect to engaging garotos).

By the way, the Real closed tonight at 3.18 -

,

I would not be surprised if the R$ went to 5 to the £

Currently 4.79 ^_^

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The USD is basically on the upsurge against most, if not all, other currencies, mostly because of the decline in the price of oil but also because the US economy (sorry as it is) is doing better than most others.

Best regards,

RA1

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