{"id":194878,"date":"2018-05-24T16:19:56","date_gmt":"2018-05-24T18:19:56","guid":{"rendered":"https:\/\/anba.com.br\/?p=194878"},"modified":"2018-05-24T16:46:08","modified_gmt":"2018-05-24T18:46:08","slug":"dollar-hike-affect-international-spending-brazilians","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/dollar-hike-affect-international-spending-brazilians\/","title":{"rendered":"Dollar hike to affect international spending by Brazilians"},"content":{"rendered":"<div class=\"newsHeader\">\n<p>Bras\u00edlia \u2013 As a result of the recent US dollar hike, international travel spending by Brazilians is unlikely to drop, but should increase at a slower pace, according to the head of the Brazilian Central Bank\u2019s Statistics Department Fernando Rocha. \u201cA depreciation of the real makes spending money abroad more expensive. This discourages people when it comes to taking trips abroad,\u201d he said. This month, the dollar averaged BRL 3.61, up from BRL 3.21 as of May 2017.<\/p>\n<p>According to Fernando Rocha, the effects of the dollar hike this month are yet to be fully felt. This is so because consumers had already planned out their trips and bought packages and plane tickets. \u201cThe effects are felt as the month progresses,\u201d he said.<\/p>\n<p>Rocha said Brazilians may make adaptations in order to cut spending in trips they have already scheduled and arranged. \u201cOver time, it depends on where the exchange rate will be. If the depreciation [of Brazil\u2019s currency] persists for longer, [then consumers] will decide whether to really go abroad or to choose cheaper routes,\u201d he said.<\/p>\n<p>By the 22<sup>nd<\/sup> this month, international travel expenses had reached USD 1.170 billion. In May 2017, spending had come out to USD 1.496 billion. \u201cIf we look at daily average figures, spending this May should exceed May 2017, but the growth rate will be weaker,\u201d he said.<\/p>\n<p>Year-on-year in April, spending during trips abroad was up 16% to USD 1.538 billion. This month, Rocha believes growth should be \u201cslightly lower.\u201d<\/p>\n<p>Numbers made public this Thursday (24) by the Central Bank show that year-to-date through April, Brazilian citizens spent USD 6.470 billion on international trips, up 11.6% from USD 5.799 billion a year ago.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<\/div>\n<div class=\"credits-overlay\" data-target=\".wp-image-194875\">Rovena Rosa\/Ag\u00eancia Brasil<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The recent hike of the US currency against the real will cause expenditure on trips abroad by Brazilians to lose steam, according to the head of the Central Bank\u2019s Statistics Department.<\/p>\n","protected":false},"author":2315,"featured_media":194875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[101],"tags":[2933,2778,36584],"class_list":{"0":"post-194878","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tourism","8":"tag-spending","9":"tag-us-dollar","10":"tag-viagens-en"},"wps_subtitle":"The recent hike of the US currency against the real will cause expenditure on trips abroad by Brazilians to lose steam, according to the head of the Central Bank\u2019s Statistics Department. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/194878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=194878"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/194878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/194875"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=194878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=194878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=194878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}