After opening the markets US Dollar It is traded at the beginning of the session. 5.51 Brazilian Reals on averageThat represents a change of 0.02% compared to 5.51 Brazilian in the previous session.
Regarding last week, US Dollar A decrease is noted in 1.37%%However, on an annual basis, it still maintains an increase in 9.45%.
Analyzing this data with data from previous dates, it puts an end to two consecutive sessions with a trend. Last week, the volatility was 16.37%, which is much higher than the annual volatility figure (10.36%), so it is going through a period of instability.
The Brazilian economy has been positioned as the fastest growing in Latin America driven by the agricultural sector and exports, however, the National Confederation of Industry (CNI) estimates that this situation will not be repeated this year due to the lack of a solid base.
The National Economic Institute estimates that the international economic context will prevent the same historical increases as last year and expects a slowdown of up to 0.2 percent.
Carlos Kawal, the former Brazilian Treasury Minister, said the international scene indicated a decline in interest rates in the world’s major banks, and he expected economic growth of between 1.5 and 1.8 for the South American country.
The Real, or Brazilian Real as it is known internationally, is the legal tender in Brazil. It is the twentieth most traded currency in the world and the second in Latin America after the Mexican peso.
Valid since 1994, real Replace the “real Cruzeiro” Its abbreviation is BRL; it is also the fourth most traded currency in the Americas after the US dollar, the Canadian dollar, and the Mexican peso.
One of the defining moments for the Brazilian currency was when the real became the national currency in 1998. Under heavy speculative attack Which caused the currency to depreciate the following year, moving from 1.21 to 2 riyals per dollar.
There are currently copper 1 and 5 cent coins, bronze 10 and 25 cent coins, and cupronickel 50 cent coins. The only true coinage is bimetallic. It should be noted that in 2005, the 1 cent coins were discontinued, but they are still legal tender.
In terms of economy, like other countries in the region, Brazil is also He had to face the monster of inflation. Which rose to 11 percent in 2022.
The panorama is complicated by the recent change in the country’s policy since then. Luiz Inacio “Lula” da Silva takes office for new presidential termIt is the third in his life, in a context where the economy is showing improvement but pandemic aid and increased social benefits have left a big gap.
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