The dollar ended the year 2024 with gains of about 27% compared to Real. Already throughout the first quarter of this year, the American border registered a low of 7.65%. Last Friday (4), in a single day, closed the trading floor jumping 3.72%.
The only certainty at the moment for the exchange market is that the. At the end of last year, those linked to the domestic scenario were stood out. The eyes now turn abroad ,.
In the midst of this scenario, companies have sought to protect themselves trying to ensure the minimum of predictability, which in turn has made the search for operations of hedge currency.
O hedge It consists of an investment protection strategy to set an exchange rate between the parties of a contract until the business is completed.
In Ouribank, such operations reached R $ 9.5 billion in January and February, a growth of 352% over the same period of 2024. In all, 2,200 transactions were made, a 320% jump.
Among the instruments used, the Non-Deliverable Forward (NDF) represents about 70% of the volume, while the gearbox correspond to 30%. With increasing demand, the projection of Ouribank is that by 2025 the volume of hedge quadrupulique compared to 2024.
“The market is very volatile, this since last year. […] All this volatility has had a very strong effect by companies, which sought tools to protect themselves after this ‘puff’ over the dollar, ”says Izzy Poli, Ouribank’s commercial executive superintendent.
Politi points out that the dollar impacts the lives of “of all and all companies”, especially those who work with imports. Thus, the mechanism of hedge It is the way these CNPJs have to guarantee the price of the products they are bringing to Brazil regardless of inflation.
“Any movement ends up generating inflation, stirring price. Commoditiesfor example, they have an immediate transfer very much doly. So every company linked to the dollar should be protected. It’s a business issue, not the exchange market, ”says the Ouribank expert.
Although the spotlight was stolen from abroad factors, Poli believes that “the general perspective is that it has not yet had a change [concreta] In the country ”, so uncertainty is general and companies still seek to protect themselves in relation to the fiscal scenario and the high interest movement.
Thus, it believes that the tendency is that the strong demand for strong demand for operations hedge currency.
“When you look here [no Ouribank]our stronger operations than in the last period, companies are looking for more. These elements all form with the dollar, so we think the tendency is that the year will continue to volatile and that there are more operations. The customer needs to protect themselves, ”he says, noting that 2026 elections should bring even more volatility ,.
