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UPDATE 1-Brazil FX 5.00 reais per dollar boosting domestic tourism, helping poor -Guedes

(Adds Economy Minister quotes, FX context)

BRASILIA, July 7 (Reuters) - The Brazilian real's exchange rate of around 5.00 per U.S. dollar is benefiting the country's poorest families because more Brazilians are choosing to take domestic vacations rather than go abroad, Economy Minister Paulo Guedes said on Wednesday.

In testimony to the lower house of Congress, Guedes said the weak exchange rate relative to where it was a few years ago is boosting domestic tourism, which in turn is benefiting the poor.

"With the dollar at 5 (reais) as it is today, what is happening? Poor families all over Brazil are benefiting because rich families, to quote, instead of going to Disneyland ... are traveling through Brazil," Guedes said.

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"Tourism in Brazil is growing strongly. Everyone who has a hostel, simple people from the interior of Bahia, on the coast of Pernambuco, everyone is benefiting from local tourism," he added.

The real has been on a rollercoaster ride this year. In the first few months of the year it was one of the worst-performing currencies in the world, almost reaching 6.00 per dollar, before rallying strongly to 4.90 per dollar last month.

Guedes said that recovery was always likely to happen, given the dollar's lofty levels. He said on June 23, with the real around 4.95 per dollar, that the exchange rate was at a "favorable" level and set to appreciate "much more".

But it has slumped back since then to around 5.25 per dollar. (Reporting by Ricardo Brito Writing by Jamie McGeever Editing by Chris Reese, Kirsten Donovan)