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Currency exchange

sallyanne12 · 2021-01-09 14:10:24

I see the Brazilian real is really weak against the euro right now, like 6:1. It was 3:1 at one point. Would now be a good time to buy reals? Two important factors: Do you expect the real to fall further and Do you think it will recover fully? Also I’m all new to this so where would I actualy buy them to later exchange…

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09-01-2021 3:10pm

#1

sallyanne12

Registered Users Posts: 259 ✭✭

Join Date: July 2012

Posts: 175

I see the Brazilian real is really weak against the euro right now, like 6:1. It was 3:1 at one point. Would now be a good time to buy reals? Two important factors: Do you expect the real to fall further and Do you think it will recover fully?
Also I’m all new to this so where would I actualy buy them to later exchange back for profit? Thank you

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#2 10-01-2021 4:10am
Geuze

Registered Users Posts: 13,105 ✭✭✭✭

Join Date: July 2010

Posts: 12959

Since 2010, the Brazilian Real has consistently fallen, more or less.

https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-brl.en.html

2010 - 1 euro = 2.2 real

2020 - 1 euro = 6 real.

OK, during 2016, there was a period of the real rising.

I would not want to own this currency.

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#3 10-01-2021 4:13am
Atlantic Dawn

Registered Users Posts: 81,338 ✭✭✭✭

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Join Date: January 2010

Posts: 80921

Probably better to invest in a Brazilian ETF.

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#4 10-01-2021 5:15am
Dafterss

Banned (with Prison Access) Posts: 31 ✭

Join Date: January 2021

Posts: 31

Covid in brazil will keep it's currency down for next 4 years

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