How has the value of the Brazilian real changed against the dollar in the past eight months?
Zell: World Trade Slowed by Lack of Currency Stability

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2.
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What impact does currency volatility have on investment decisions according to the speaker?
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What historical context does the speaker provide regarding currency stability and its effect on world trade?
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What does the speaker suggest about the cost of hedging in today's market compared to previous years?
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In what scenarios does the speaker believe hedging is necessary?
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