Real at 2.42 is ACTUALLY GREAT for Vale:
This company is the exact opposite of PBR which is forced to sell gasoline at a loss due to the Real falling like this................With the exchange like this Vale is able to pay its SG&A, employees' cost, etc. with Reals so employment cost to continue downward increasing PROFITS. PBR IS NOT EXPORTING ANYTHING SO THE WEAK Real is damaging Petroleo Brazileiro operations especially the refining division. Vale Exports Iron Ore and sells it in $, and then pays every Brazilian in Real so weak currency should help Vale!