Locking REAL around 3USD??? MBN only used 3.07USD last quarter...

Locking REAL around 3USD??? MBN only used 3.07USD last quarter and now it's close to 4USD.......and more likely to drop lower next year, I would think locking it at 4USD is more preferred.

From the market indicator, the Brazil economy is not likely to improve in another 2+ years, the only good thing is they have a double digit interest rate of 14.25% so they do have a lot of room to move to stimulate the economy but when interest rates are lowered, it means their currency devalues further so who knows what the REAL true baseline value is but I would think it's way higher than 3USD.