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Brazil Cards

Starbucks Cards in Brazil are currently only valid in Brazil. Their currency is the modern real
and was introduced in 1994 as part of the Plano Real, a substantial monetary reform package
that aimed to put an end to three decades of rampant inflation. At the time it was meant to
have approximately fixed 1:1 exchange rate with the United States dollar. It suffered a sudden
devaluation to a rate of about 2:1 in 1999, reached almost 4:1 in 2002, then partly recovered
and has been approximately 2:1 since 2006.
The exchange rate as of November 24, 2013 is BRL 2.28 to USD 1.00.

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