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Brazilians Reduce Spending While Traveling Abroad

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The unfavorable foreign exchange rate has led Brazilians to take fewer international trip and those who do travel abroad are spending a lot less, according to data from the Brazil’s Central Bank (CB). Data shows that Brazilians traveling abroad spent 52.67 percent less in October of 2015 than during the same period last year.

According to the CB Brazilians spent a little over one billion dollars abroad in October, and in the accumulated total for the first ten months of the year spending was of US$15.14 . . .

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