Monetary authority sold US$3 billion during the morning; the North American currency should end the year at around R$6
The commercial dollar closed at R$ 6.18 this Thursday (Dec 26, 2024). The result is observed on the same day that it was sold at an auction in an attempt to contain the advance of the North American currency.
The US exchange rate rose 2.97% in the month. The year saw an expansion of 27.3%. The international scenario influenced the numbers, such as the Republican one) in the United States. But internal factors also affect the price – a lot. There is distrust about the PT government’s fiscal policy.
The variation in currency on the day presented differences in the financial market. Some of the terminals used by agents showed an increase of approximately 0.4%. Other platforms indicated a slight drop, around 0.1%.
What happened was the following, according to economists consulted by Poder360: some tools considered that trades were carried out in the foreign exchange market until 11:30 am on December 24th. On that day, the dollar would have closed at R$6.15. Signals high compared to the current closing.
Other platforms say that the market did not open on Christmas Eve – thus, the reference for the calculation was the dollar at R$ 6.19, recorded at the close of Monday (Dec 23).
CENTRAL BANK AUCTIONS
The monetary authority has already sold US$26.3 billion in 2024, in cash or online auctions (with repurchase commitment).
Interventions like these come in an attempt to slow down the price of the US currency, because the greater supply of the dollar to the market helps to slow down the devaluation of the real.
Understand the difference between the modalities;
- in sight – money from international reserves is placed directly on the market. They were US$25.3 billion in this category;
- online post-fixed Selic – there is an immediate sale of dollars and a simultaneous commitment to future repurchase. The income from the “return” is linked to the basic interest rate. They added up US$ 11.0 billion em 2024.
INTERVENTION HISTORY
Read how the Central Bank acted on the dollar in 2024:
- Aug 30 (cash auction) – US$ 1.5 billion;
- 13.nov (2 postfixes) – US$4 billion;
- 12.dec (2 in sight) – US$4 billion;
- 13.dec (in sight) – US$845 million;
- December 16 (1 spot and 1 post-fixed) – US$4.6 billion;
- December 17th (2 in sight) – US$3.3 billion;
- December 19 (2 in sight) – US$8 billion;
- December 20 (1 spot and 3 post-fixed) – US$7 billion;
- December 26 (1 in sight) – US$3 billion.
