Post by
15Stanmore on Apr 04, 2022 4:11pm
Brazil $ strengthens against Cdn $
Hello fellow Verde shareholders,
Upating my quarter end valuation spreadsheets I noted that the March 31, 2022 exchange rate is back up to where it was almost exactly 2 years ago (March 28, 2020) at R$1 = Cdn$0.27, after having been down as low as Cdn$0.22 in October 2021. That's a 22.7% increase off the October low and a 17.4% increase over the December 31, 2021 year end number used in the audited financial statements.
We should see a nice exchange gain reported in the Q1 numbers, on top of what should be record Q1 gross revenue and net profit results.
Cheers,
S.
Comment by
Benedictus on Apr 05, 2022 12:18am
Nice catch Stan! The BRL has been on an absolute tear recently.