On 30 November, the Brazilian real (BRL) traded at 1.81 per USD, which represented a 6.8% nominal depreciation compared with the previous month, when it traded at 1.69 per USD. On a year-on-year basis, the real depreciated 5.2% versus the USD. All things being equal, Brazil's economic fundamentals continue to support the BRL, in particular the high interest rate differentials in relation to developed countries as well as a strong international reserve position (Q3: USD 350 billion or equivalent to 17 months of imports). However, the recent negative trend in global commodity prices helped to contribute to the real's depreciation throughout November, as Brazil's currency value is closely linked to movements in commodity prices.
Brazil Exchange Rate
Brazilian real weakens in November
November 30, 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.