At the beginning of the day, the US dollar traded at 5.16 Brazilian real, which was 0.08% compared to 5.16 Brazilian real of the previous day.
However, during the year it fell by 7.41% .
The three-day trend ends with respect to the past day.In relation to last week's volatility, it represents a lower return than the volatility reflected in last year's figures, which shows that prices change less than usual in recent days.reached a maximum
of 5.71 Brazilian reals, and the lowest level was 5.01Brazilian reals. The US dollar is closer to the
minimum value than the maximum. By means of payment in Brazil, the 20th most circulating currency in the world, and second only to the Mexican peso in Latin America
, actual, which has been in effect since 1994, replaced the “cruzeiro real” and itsabbreviation was BRL. It is also the fourth most traded currency on the continent of the US, after the US dollar, the Canadian dollar
, and the Mexican peso, one of the events most marked the Brazilian currency was in 1998, when the real was subjected to a strong speculative attackthat caused devaluation
Today there are copper coins 1 cent and 5 cents, bronze coins of 10 cents and 25 cents, and cupronized coins of 50 cents. The real coin is bimetal. It should be noted that the penny was suspended in 2005, but it is still a legitimate means of payment
, the International Monetary Fund (IMF) reduced Brazil's 1.7 pp growth in 2022, especially due to worsening global situation between high inflation and COVID-19 pandemic
: TheeconomyBrazil, the largest in the Hispanic region, entered a recession in the second quarter of 2021 and is expected to stagnate during 2022,
because ofCovid-19 Brazil had to pay more economic stimulus measures (around 12
% GDP) to cope with the pandemic, which ultimately led to a budget
deficit
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