Quote: (12-04-2015 01:51 PM)PainPositive Wrote:
Quote: (09-23-2015 02:00 PM)gmoneysauce Wrote:
The question here is if this change in exchange rates is real or merely nominal, an adjustment to the local inflation. If you get twice as many Reals for your Dollar/Pound/Euro but the prices have all doubled then the 'real' exchange rate remains unchanged...
This is the real question. I'm in Play del Carmen, Mexico now and the strong dollar has made little difference in overall cost of living since most businesses have raised their prices. Is this true for Brazil as well?
Playa del Carmen is a tourism hotspot so of course things there are going to be 'pegged' to the USD. I can confirm that Rio and Sampa are way cheaper than they were 2-3 years ago.
Inflation is high and prices are rising but not nearly as quickly as the exchange rate, which went from 2.5 a year ago to ~4 today.
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