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He American dollar was paid at closing to 4.89 Brazilian reals on averagewhich implied a change of 0.02% compared to the 4.89 Brazilian reais on average of the previous day.
In the last seven days, the American dollar notes a decrease in 0.14% and in interannual terms it still maintains a decrease in 7.59%.
In relation to the variations of this day compared to previous days, it accumulated two consecutive days of decline. The volatility of the last seven days was clearly lower than that accumulated in the last year, which indicates that in this last phase it is trending less changes than expected.
The real, or the Brazilian real as it is known internationally, is the legal currency in Brazil. and it is the twentieth most traded currency in the world and the second in Latin America only behind the Mexican peso.
In force since 1994, the real replaced the “cruzeiro real” and its abbreviation is BRL; It is also the fourth most traded currency on the American continent only behind the US dollar, the Canadian dollar and the Mexican peso.
One of the episodes that have most marked the Brazilian currency was when in 1998 the real suffered a strong speculative attack which caused its devaluation the following year, going from a value of 1.21 to 2 reais per dollar.
Currently there are copper 1 and 5 cent coins, bronze 10 and 25 cent coins, and cupronickel 50 cent coins. The one real coin is bimetallic. It should be noted that in 2005 the one cent coins were discontinued, but they are still legal tender.
In economic matters, like other countries in the region, Brazil is has had to face the monster of inflation which rose up to 11 percent in 2022.
The panorama is complicated by the recent change in the country’s politics, since Luiz Inácio “Lula” da Silva assumed a new presidential termthe third in his life, in a context in which the economy shows improvements but aid for the pandemic and the increase in social benefits have created a large hole.
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