He US dollar It is negotiated at the beginning of the day 5.37 Brazilian reals on averagewhich implied a change of 0.09% compared to the data from the previous session, when it was quoted at 5.37 Brazilians, reports Dow Jones.
In the last seven days, the US dollar registers a decrease of 0.59%, so that in the last year it still accumulates a decrease in 10.75%.
In relation to the changes of this day compared to past days, chain two consecutive sessions of negative numbers. In the past seven days the volatility is visibly lower than that accumulated in the last year, which indicates that we can say that it is going through a period of greater stability at this time.
The International Monetary Fund predicts that Brazil will achieve a growth rate of 2.1 percent by 2025, considering energy and raw materials exports as the main drivers of its economy.
Agricultural activity will also represent an important advance for the economy of the South American country, since the Central Bank predicts that this sector will register higher than expected growth. In its most recent sport, the Brazilian organization explained that the improvement in economic forecasts occurs in a context of turbulence related to its local currency.
In the last weeks of 2024, the Brazilian real was devalued by almost 9% against the US dollar and despite the fact that the State Attorney General’s Office requested an investigation into the dissemination of fake news that “represented a direct interference in the markets’ perception of the national currency”, the Central Bank ruled out that there is a speculative attack against its currency.
The Central Bank estimates that the Gross Domestic Product in 2025 will be lower than in 2024, due to the expectation of a lower fiscal impulse and the ongoing inflection of monetary policy.
The real, or the Brazilian real as it is known internationally, is the legal currency in Brazil and is the twentieth most traded currency in the world and the second in Latin America only behind the Mexican peso.
In force since 1994, the real replaced the “cruzeiro real” and its abbreviation is BRL; It is also the fourth most traded currency on the American continent only behind the US dollar, the Canadian dollar and the Mexican peso.
One of the episodes that has most marked the Brazilian currency was when in 1998 the real suffered a strong speculative attack that caused its devaluation the following year, going from a value of 1.21 to 2 reais per dollar.
Currently there are copper 1 and 5 cent coins, bronze 10 and 25 cent coins, and cupronickel 50 cent coins. The one real coin is bimetallic. It should be noted that in 2005 the one cent coins were discontinued, but they are still legal tender.
In the economic branch, like other countries in the region, Brazil has had to face the monster of inflation that rose up to 11 percent in 2022.
The panorama is complicated by the recent change in the country’s politics, as Luiz Inácio “Lula” da Silva assumed a new presidential term, the third in his life, in a context in which the economy shows improvements but aid for the pandemic and the increase in social benefits have created a large hole.
