On 31 October, the Brazilian real (BRL) traded at 1.69 per USD, which represented a 9.8% nominal appreciation compared with the previous month as well as a partial recuperation from last month's drop in the currency's value, which had marked the biggest loss since September 2008. On a year-on-year basis, the real appreciated 0.8% versus the USD. October's appreciation of the real followed a similar pattern in other emerging market currencies. Brazil's economic fundamentals remain supportive for the BRL, in particular the high interest rate differentials in relation with developed countries as well as a strong international reserve position (Q3: USD 350 billion or equivalent to 17 months of imports). Moreover, a positive trend in global commodity prices also helped to contribute to the real's appreciation throughout October.
Brazil Exchange Rate
Brazilian real strengthens in October
October 31, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.