São Paulo – The real was the currency that appreciated most against the dollar over the last eight years, as against eight currencies analysed by Economatica consultancy company. The period researched, according to company director, Einar Rivero, were the eight years that correspond to the terms in office of president Luiz Inácio Lula da Silva.
The Brazilian currency had appreciation of 108.16% from December 31st 2002 to December 21st this year. The cost of the one dollar dropped from 3.533 Brazilian reals back in 2002 to 1.697 last Tuesday.
The greater appreciation in the value of the real took place last year, and there was only depreciation in 2008, when the global financial crisis reached its peak.
Economatica compared the exchange rate between the Brazilian currency, the euro, the Chilean peso, the Colombian peso, the Peruvian sol, the Argentine peso, the Mexican peso and the Venezuelan bolivar against the US currency. The Argentine, Mexican and Venezuelan currencies were depreciated against the dollar.
*Translated by Mark Ament
