RIO DE JANEIRO, Dec. 28 (Xinhua) -- The Sao Paulo Stock Exchange's Ibovespa indicator rose 26.86 percent in 2017, making the stock market the most profitable investment for Brazilians this year.
According to local news site G1, profits for those who invested in the stock market were much higher than the profits of savings accounts, fixed income funds and even investments in foreign currencies such as the U.S. dollar and the euro.
The Brazilian real-U.S. dollar exchange rate reached 3.31 reals per dollar on Tuesday, with the value of the U.S. dollar gaining 0.08 percent compared with the real.
In 2017, the U.S. dollar accumulated a rise of 1.99 percent against the real, a sharp contrast with 2016, when the U.S. currency's value fell 17.96 percent against the real.
