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But any Brazilian who followed this apparently prudent course would have lost half his net worth over the past five years. Here's the year-by-year record (indexed) of the real versus the dollar from the end of 2002 to year end 2007. 100; 122; 133; 152; 166; 199. Every year the real went up and the dollar fell. Moreover, during must of this period the Brazilian government was actually holding down the value of the real and supporting our currency by buying dollars in the market.
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