Exchange Rates – Brazil
For visitors and tourist that visit Rio de Janeiro, exchange rates and knowing what they are are critical. Whatever the exchange rate is, it could mean that your visit is amazing, or you may decide not to visit at all as the exchange rates may not be in your favor.
Currently, exchange rates in emerging markets are falling dramatically. For individuals coming from the United States and Europe, this most likely means that you’re going to have an amazing time as you will be able to exchange less of your domestic dollars and receive more of the foreign ones. From the travelers point of view, it can mean the ability to rent better apartments, or stay in more luxurious hotels during your stay stay abroad.
Also, it can also mean the ability for individuals that are investing in these emerging economies, to be able to do so with greater strength in that their currencies from countries like the United States or you are up, will go much further and allow them to do more with less.
One thing that is fueling this dramatic pullback of investors in the market of Brazil, has been the extraordinary investing that has taken place in the country’s real estate market.For many, a correction within this area of the market has been widely expected as real estate prices are at record highs! A correction would definitely lower the exchange rates in the on the ground currency exchange areas. For travelers from other countries, they should be extraordinarily positive for them.
Also, with regard to the 2014 World Cup and the 2016 Olympic Games, this possibly could mean that many more international travelers will be able to visit those events as cost should fall dramatically from the current highs. Hotels and apartment rental, should be much more affordable for travelers coming from international destinations. A weak Brazilian currency will mean that there intranational dollars could go much further than they can at this current time. A weakening of the economy could mean that many more travelers will be able to afford the cost of visiting the country for those international events.
In closing, it is our opinion that a weak economy right now, could be extraordinarily positive for Brazil in that it could attract many travelers to return to the country. Should this be the case, travelers will have to book airline flights, book time in hotels rent apartments, buy food when you’re here on the ground, and make an enormous number of other purchases as well. All of these purchases could be very positive for the economy. The tax revenues that the country would have rolling in from a return of travelers to the country, could be extraordinarily dramatic.
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