American currency fell 0.22%; BC of Brazil held a US$1.8 billion auction to try to stabilize the national currency
The commercial closed on Monday (30) priced at R$6.1797, a slight drop of 0.22%. Despite this reduction, the American currency registered an accumulated increase in 2024 of 27.35% in relation to the real, the highest index since 2020. This appreciation is the result of a series of external and internal factors, such as international conflicts, interest levels in United States and expectations surrounding Brazilian public accounts. The devaluation of the real, with a loss of 21.47% against the dollar, a scenario that is similar to the fall of the Mexican peso, which had a devaluation of 21.6% this year. In December, the country carried out its 14th intervention in the foreign exchange market, injecting US$1.8 billion to try to stabilize the national currency. The real’s performance was lower than that of the Russian ruble, which depreciated by 17.08% against the dollar. Political instability and the lack of investment flow in Brazil have generated concerns among foreign investors, reflecting a climate of uncertainty in the market.
Furthermore, the primary deficit of public accounts in the last 12 months reached 1.65% of GDP, while the public sector’s net debt showed a slight fall, standing at 61.2% of GDP. These numbers indicate a challenging fiscal scenario, which could impact investor confidence and the country’s economic stability. The Focus bulletin, which gathers market expectations, brought forecasts of an increase in the price of the dollar, with estimates suggesting that the currency could reach R$5.96 by the end of 2025.
Published by Sarah Paula
*Report produced with the help of AI
