São Paulo – The United States dollar depreciated 55.4% against the Brazilian real from December 31, 2002 to July 25, 2008, a period that encompasses the first and part of the second term in office of president Luiz Inácio Lula da Silva. The data were disclosed today (28) by Einar Rivero, director at consultancy firm Economatica.
According to him, of the eight regions surveyed by the firm, Brazil was the one in which the dollar depreciated the most, followed by Colombia, which recorded a 38.1% variation during the same period. Venezuela was the only nation surveyed in which the United States currency appreciated. According to Economatica, the Venezuelan fixed the exchange rate several times since 2003.
In 2008, Colombia was the country in which the dollar depreciated the most, by 12%, followed by Brazil, with a variation of 11.1%. According to Rivero, the depreciation of the dollar shows the strength of the currencies in the locations surveyed: Mexico, Eurozone, Peru, Argentina, Chile, Brazil, Colombia and Venezuela.
The Brazilian real was the currency that appreciated the most against the dollar, 124.2% since December 31, 2002, followed by the Colombian currency, at 61.6%, and by the euro, at 50%.
*Translated by Gabriel Pomerancblum
