The USDBRL traded at 3.76 BRL on Wednesday September 2, according to interbank foreign exchange market quotes. The Brazilian Real averaged 1.88 from 1993 until 2015, reaching an all time high of 3.95 in October of 2002 and a record low of 0.01 in January of 1993.

Look at the 5-year chart below. Is this a meltdown or what?

I guess Miami will be missing Brazilians for the next few years…

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