How does the valor of dolar em reais affect the prices of digital currencies?

1 answers

• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, I can confirm that the valor of dolar em reais does have an impact on the prices of digital currencies. When the Brazilian real strengthens against the US dollar, it can lead to a decrease in the prices of digital currencies in Brazil. This is because a stronger real makes it more expensive for Brazilian investors to buy digital currencies priced in US dollars. Conversely, when the Brazilian real weakens against the US dollar, it can result in an increase in the prices of digital currencies in Brazil, as it becomes cheaper for Brazilian investors to purchase digital currencies. Therefore, it's important for investors to monitor the exchange rate between the Brazilian real and the US dollar when considering investments in digital currencies.
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