After the opening of the trading session, the US dollar traded at the opening at 5.12 Brazilian reals, representing 0.09% compared to the previous day's price, when it ended with 5.12 Brazilian reals.
In relation to the profitability of the last seven days, the US dollar has increased by 1.27%; on the other hand, in year-on-year terms it still accumulates a decline of 8.73%. Analyzing this data with that of past dates, it chains three successive sessions of positive numbers. As for the volatility of recent dates, it is 13.43%, which is lower than the annual volatility figure (15.56%), so we can say that it is going through a period of greater stability lately.
In the last year, the US dollar has changed by a high of 5.71 Brazilian reals, while its lowest level has been 5.01 Brazilian reals. The US dollar is placed closer to its minimum value than to the maximum.
Crisis for the Brazilian real
The real, or the Brazilian real as it is known internationally, is the legal tender in Brazil and is the twentieth most traded currency in the world and the second most traded currency in Latin America only behind the Mexican peso.
Inforce since 1994, the real replaced the “cruzeiro real” and its abbreviation is BRL; it is also the fourth most traded currency in the American continent only behind the US dollar, Canadian dollar and Mexican peso.
One of the moments that 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.
There are currently 1 and 5 cent copper coins, 10 and 25 cents bronze coins and 50 cents cupronickel coins. The coin of a real is bimetallic. It should be noted that in 2005 the pennies were discontinued, but it is still legal tender.
On the economic front, the International Monetary Fund (IMF) cut Brazil's growth by 1.7 percentage points for 2022, especially due to the deterioration of global conditions between high inflation and the coronavirus pandemic.
It should be noted that the Brazilian economy, the largest in the Latin American region, entered a recession in the second quarter of 2021 and is forecast to stop throughout 2022.
Due to COVID-19, Brazil was forced to disburse more money as stimulus measures (about 12% of GDP) in order to cope with the pandemic, which ultimately resulted in a budget deficit for 2022.
Agencies
Últimas Noticias
Debanhi Escobar: they secured the motel where she was found lifeless in a cistern
The oldest person in the world died at the age of 119
Macabre find in CDMX: they left a body bagged and tied in a taxi
The eagles of America will face Manchester City in a duel of legends. Here are the details
Why is it good to bring dogs out to know the world when they are puppies
