Abstract
This paper is an examination of the nominal exchange rates over the last 23 years in Brazil and the relative strength or weakness of the Brazilian 'real' against the dollar over these years. The paper also includes an analysis of investing in a financial instrument based on the Brazilian real and makes use of graphs and tables.

From the Paper
"Brazil dealt with a "strong economic shock" in 2002, according to the Brazilian Minister of Finance and the Central Bank of Brazilian (Filho, Campos 2003). The downturn was produced by deterioration in the international economic environment plus doubts in the international financial community about the conditions of the economy of Brazil. There was brisk 3 percent GDP adjustment of the current account balance, which was led by a steep improvement in the trade surplus because the private sector responded quickly to changing economic conditions."

Tags:Cruzado, Plan, Bresser, da, Silva