The Brazilian real was trading around 5.3 per USD in the second week of September, its lowest since August 23rd, as a combination of political and fiscal noise has heightened risk perceptions in the country ahead of elections next year. At the same time, a flagging economy, soaring inflation and high unemployment weighed on the currency's appeal. Elsewhere, concerns persist that the spread of the Delta variant and possible new strains could derail a global economic recovery, along with doubts on when major central banks will start to reduce massive monetary stimulus.
Historically, the Brazilian Real reached an all time high of 770.43 in September of 2020. Brazilian Real - data, forecasts, historical chart - was last updated on September of 2021.
The Brazilian Real is expected to trade at 5.26 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.49 in 12 months time.