Brazil exchange rate more realistic now, Treasury Secretary says

SAO PAULO Tue Dec 11, 2012 7:54am EST

SAO PAULO Dec 11 (Reuters) - Brazil's current exchange rate is more "realistic" now after being excessively strong in the past, Brazil's Treasury secretary Arno Augustin said on Tuesday.

Brazil's currency, the real, slipped 10 percent since the beginning of the year after several market interventions by the central bank and a sharp fall in interest rates. It traded at 2.0755 reais per U.S. dollar on Tuesday.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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