The Real is Top Performer

By Jaylan Boyle, Contributing Reporter

RIO DE JANEIRO - The Brazilian Real finished the last quarter as the second best performer among the 16 most-traded currencies worldwide, just behind the South African Rand. The gain in value is the largest experienced by the Real since it was brought onto the market in 1994.

The Real came into being in July of that year, in a concerted effort to staunch runaway inflation of 5,000% per year. It became the countries' sixth new currency since 1986.

Gaining 19 percent in value since March 31, the Real shot up amid speculation that . . .

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