07.10.2015 - Why is Brazil's currency now so weak?
Tourists who came to Brazil for last year's World Cup are probably lamenting the fact that the tournament wasn't held in 2015 instead. Since the beginning of the year, Brazil's real has been one of the fastest-falling currencies among major economies. A tourist arriving in Rio de Janeiro with $6,600 (£4,300) in January would have been able to book a suite for a week in the city's luxurious Copacabana Palace. Now the same amount of US dollars can stretch to ten nights. Brazil is not alone in its currency woes...............................................Full Article: Source
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