$BNB You may have already been in the following situation: You bought some currency and the next day or even hours later there was some devaluation. Let's suppose that the currency you bought suffered a 50% devaluation. So if you bought R$100.00 and it suffered a 50% devaluation, you were left with R$50.00, right?

So now let's imagine that right after your loss the currency appreciated by 50%... then you realize that you only have R$75.00 and you wonder why you are still having a loss.

That's because you had a loss on the R$100.00 you had and when it appreciated you received on the amount that was left, that is, on the R$50.00.