Reais Crisis. The value of the Brazilian reais (BRL or R$) was BRL 1.80 to 1.00 USD

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Reais Crisis. The value of the Brazilian reais (BRL or R$) was BRL 1.80 to 1.00 USD on Thursday January 24, 2008. It then plunged in value to BRL 2.39 to 1.00 USD on January 26, 2009. What was the percentage change in its value?

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Multinational Business Finance

ISBN: 9781292270081

15th Global Edition

Authors: David Eiteman, Arthur Stonehill, Michael Moffett

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