Exchange Rate in Brazil
Brazil - Exchange Rate
Real plunges in August amid market turmoil in Argentina and U.S.-China trade tensions
The Brazilian real weakened notably against the U.S. dollar in August, recording its worst month in four years, before recovering mildly at the start of September. On 6 September, the real ended the day at 4.06 per USD, a 2.5% depreciation from the same day in August. The result marked a 4.5% depreciation year-to-date but was broadly unchanged from the same day last year.
The weakening was driven as contagion from Argentina’s financial crisis spilled over and undermined appetite for the real, while the uncertain global economy and escalating trade tensions between the U.S. and China also caused investors to flee from riskier assets in the month. Moreover, market positioning also weighed on the currency, as did the expectation of lower interest rates in Brazil.
In order to stem the decline, the Central Bank sold dollars for the first time in a decade in August, selling USD 660 billion of reserves in the month.
Our panel sees the real ending 2019 at 3.81 per USD and 2020 at 3.85 per USD.
Brazil - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 2.36 | 2.66 | 3.96 | 3.25 | 3.31 |
Brazil Exchange Rate Chart
Source: Thomson Reuters.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.30 | -0.82 % | Sep 04 |
| Exchange Rate | 4.10 | -0.13 % | Sep 04 |
| Stock Market | 101,201 | -0.40 % | Sep 04 |
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Economic News
Brazil: Economic activity contracts in July
October 2, 2019
Economic activity fell 0.2% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
Brazil: Industrial output rebounds firmly in August
October 1, 2019
Industrial production jumped 0.8% month-on-month in seasonally-adjusted terms in August, contrasting July’s revised 0.2% fall (previously reported: -0.3% month-on-month).
Brazil: Manufacturing PMI surges to seven-month high in September
October 1, 2019
Conditions in Brazil’s manufacturing sector continued improving in September.
Brazil: Business confidence rises in September
September 30, 2019
Business sentiment in Brazil’s industrial sector improved in September, following a slight deterioration in August.
Brazil: Consumer confidence reaches six-month high in September but remains pessimistic
September 25, 2019
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV) increased to 89.7 points in September, above August’s 89.2 points and marking the best performance since March this year.
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