Quote:
Originally Posted by michaelbush
We knew this was due to happen, I am just surprised it took so long! Will this lead to the currency being freed up for trading so it can be bought forward?
|
Yes, it is possible. Below is a link for the chart. I'm not particularly happy because my salary is in dollars and I saw my salary savings being eating 50% during the last 4 years. Let me rephrase the "not particularly happy" thing:
. Perhaps I should have done this (buy Real future) few years ago; but anyway stocks and property increased in value too, balance is ok.
I hope that is the bottow and things starts moving other way around; I don't believe in surprises or anything radical though. I should choose carefully my property.
FinData: Share Price for FOREX, USDBRL - US Dollar Brazilian Real