Brazil’s Real Is Third Weakest Currency in World against U.S. Dollar in 2020

In March, Minister of Economy Paulo Guedes had estimated that the American currency would only reach R$5 if he were to make "many mistakes".

RIO DE JANEIRO, BRAZIL - With the dollar climbing increasingly close to R$6, the Brazilian real stands as the third currency that depreciated the most in the world, ahead only of those of Zambia and Suriname. Among the main markets, no country tops Jair Bolsonaro and Paulo Guedes' Brazil in terms of monetary depreciation.

A survey conducted by Markets Insider confirms a trend pointed out by financial consultancy Refinitiv in late September. On December 31st, the . . .

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