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U.S. Elections Cause Volatility in Brazil Currency

Posted on 04 November 2016

The volatility of the U.S. dollar is not only affecting American residents, but also Brazilians and expats who plan to travel abroad during the end-of-year holidays. With the U.S. Presidential elections less than a week away, those in Brazil who have already purchased airline tickets and hotel packages, wonder if they should exchange Brazilian reais for U.S. dollars now or wait.
Brazilian Silvia Neves, who plans on traveling overseas, told The Rio Times, “I wonder if I should not purchase U.S. dollars now, while [Donald] Trump is gaining on Hillary [Clinton] and the dollar is falling (against the Brazilian real).” She added, “If she [Clinton] wins the dollar will surely appreciate again.”……………………………………..Full Article: Source


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