By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – With the strong depreciation of the Brazilian real in relation to the U.S. dollar in the last few months, fewer Brazilians are traveling abroad and those who do are spending less money on their destinations.
According to data released on Monday (August 27th) by Brazil’s Central Bank (BC), expenses by Brazilians abroad reached US$1.731 billion in July, a reduction of 7.9 percent, compared to July of 2017 (US$1.879 billion).
"The [travel] budget tends to be made in national currency. Therefore the behavior of . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here