In the third week of September, the Brazilian real was trading at 5.2 per USD, up from a two-week low of
5.3 on September 8th, after President Bolsonaro issued a conciliatory speech aimed at easing tensions
with the country's Supreme Court. Rising inflation, persistent unemployment, and budgetary problems
continue to jeopardize Brazil's economic prospects. Elsewhere, concerns remain that the spread of the
Delta variant and the possibility of additional strains might derail the global economic recovery, as well
as uncertainty about when major central banks would begin to remove enormous monetary sup.
According to Trading Economics global macro models and analyst forecasts, the Brazilian Real is
anticipated to trade at 5.32 by the end of this quarter. In the next 12 months, it is expected to trade at
$5.55. The Brazilian Real has historically achieved an all-time high of 770.43 in September of 2020.
Brazilian Real statistics, predictions, and historical charts were last updated in September 2021.
Written by: Carolina Paixão and Lucas Scala
Edited by: Anna Kissajikian