he US Dollar It is negotiated at the beginning of the day. 5.55 Brazilian Reals on averagewhich means a decrease of 0.22% compared to the previous session’s value when it reached 5.57 Brazilian.
As for the past seven days, US Dollar Records an increase in 1.2%%so that it still maintains an increase on an annual basis. 10.35%.
Analyzing this data with the data of previous dates, this data breaks the positive line that it was on in the previous three days. Regarding the volatility of the last few days, it shows a higher behavior than the volatility reflected in the figures of the past year, which is why it presents greater differences from the general trend of the value.
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 global 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 events that marked the Brazilian currency was when the real was created 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 the economic sector, like other countries in the region, Brazil 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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