Quote from mooroolmick back in Feb 2016 .
A year ago the exchange rates were:
1 Year ago: 2.7 real= $1 USD................................................
Now:.........4 Real = $1USD (depreciation 48%
So the cost of labour has gone down by a significant amount and also the cost of administration with brazilian authorities should also have gone down .
I hope we can buy out our partner in Braz real rather than us$ or aus $.
Very happy with today's SP .
GLTA
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