Brazil Stocks Slide, Real Weakens, Driving Dollar-Based Losses to 26%
JH Kim
Summary
- Brazil’s stock-market plunge and real weakness widened losses for dollar-based investors.
- A $1,000 investment in Brazilian stocks would have fallen to about $835 based on local share prices.
- After accounting for real weakness and converting back into dollars, the investment would be worth about $740, for a loss of about 26%.
Forecast Trend Report by Period
Brazil’s stock-market slump has been compounded by weakness in the real, widening losses for dollar-based investors.
Cointelegraph, a media outlet focused on virtual assets, reported on October 26 that a $1,000 investment in Brazilian stocks at the close last Friday would now be worth about $835.
That amounts to a loss of about 16.5% based on local share prices.
After accounting for the Brazilian real’s decline and converting the investment back into dollars, its value falls to about $740. That puts the loss in dollar terms at about 26%, reflecting both the drop in stock prices and the currency move.
JH Kim
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