Closing value of the euro in Brazil this March 21 from EUR to BRL

The euro was paid at the close to 5.47 Brazilian reals on average, which meant a decrease of 1.18% compared to the previous day's figure, when it ended with 5.53 Brazilian reals on average.

If we consider the data for the past seven days, the euro is down 2.37% and in the last year it still maintains a decrease of 16.23%. With respect to past days, he added four days in a row in red. The volatility for the last week was 16.32%, which is higher than the annual volatility figure (14.35%), so it shows greater changes than the general trend in value.

In the annual photo, the euro has reached a maximum of 6.45 Brazilian reais on average, while its lowest level has been 5.47 Brazilian reals on average.

Between crisis and uncertainty

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.

force 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.

As for the economy, 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 stagnate throughout 2022.

Due to COVID-19, Brazil was forced to spend 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.

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