The euro is trading at the opening at 5.43 Brazilian reals on average, representing a decrease of 2.22% compared to the previous day's price, when it stood at 5.55 Brazilian reals on average.
With reference to last week's profitability, the euro accumulated a decrease of 4.13%, so in year-on-year terms it still accumulated a decrease of 16.43%. As for the variations of this day compared to previous days, it reverses the figure of the previous day, where it ended with a 1% increase, showing in recent dates a lack of stability in the results. In reference to the volatility of the last week, it is higher than that accumulated in the last year, so it shows greater alterations 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 5.43 Brazilian reals on average.
The Brazilian currency
El real, or the Brazilian real as it is known internationally, is the legal tender in Brazil and is the twentieth most circulated currency in the world and the second 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 episodes 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 COVID-19 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 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.
We recommend:a href="https://www.infobae.com/tag/noticias/"
Agencies