RIO DE JANEIRO, BRAZIL - Brazilian spending on overseas travel increased in July. Last month, expenses totaled US$1.898 billion (R$7.592 billion), up 9.64 percent over the same month in 2018 (US$1.731 billion).
This is the highest figure for the month since July 2014 (US$2.408 billion). The data were released today, August 26th by the Central Bank (BC).
According to the head of the Central Bank's Statistics Department, Fernando Rocha, the cheaper dollar has stimulated international travel in recent months. He noted that the average exchange rate was R$4 in