Brazil’s Real Falls to Lowest Forex Rate in Thirteen Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Not even an intervention by Brazil’s Central Bank to try to limit the further devaluation of the Brazilian real (BRL) halted the decline, as Brazil’s currency tumbled once again on Monday, close to a rate of R$4.00 to US$1. The U.S. currency ended the day being sold at R$3.981 the second highest level since the Brazilian real was introduced in 1994 and the highest in thirteen years.

The dollar has accumulated gains of 9.75 percent in September alone, and 49.73 . . .

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