EXCHANGE RATE: Dollar rises 2.58%; closes at R$2.387

Rating
+1
Total:	1

SÃO PAULO, 11/19/08 - The commercial dollar ended today's trade up 2.58%, quoted at R$2.385 (buy) and R$2.387 (sell). In the futures market, dollar contracts maturing in December rose 3.63% to R$2.401, after 174,000 transactions. Based on interbank operations, estimates are on the Ptax (official dollar average) to close at R$2.3779 (sell).

In the parallel market, the dollar is being traded at R$2.25 and R$2.45. The tourism dollar reached R$2.22 and R$2.44. Meanwhile, traveler checks were negotiated at R$2.25 and R$2.43. Brazil's risk rating jumped to 489 points.

(Simone e Silva Bernardino/cferreira - InvestNews)