During the last several years the Real has been steadily becoming stronger. Now the movement is accelerating again. The trading on April 7 had the US$ as low as R$1.58. Because of this and high demand prices are quite high in Brazil, especially Rio de Janeiro and Sao Paulo. For people who have made hotel reservations it is good to remember that unless they are prepaid they are probably subject to change based on exchange rate fluctuations. Nobody can predict the future, but it is probable that this situation may continue because there is a huge flood of foreign investments flowing into Brazil and the petroleum industry is growing rapidly, just as investments for the 2014 World Cup and 2016 olympics as ramping up. Nobody seems inclined to bet against the Real at the moment. The Central Bank and government have been trying to slow the strengthening. so far without success. For people who remember the hyperinflation of the 1980's this is a really unusual situation, good for us as residents because our imports are becoming cheaper every day.