Opening rate of the dollar in Brazil this March 3 from USD to BRL

He American dollar is negotiated at the start of operations at 5.20 Brazilian reais on averageso that it represented a variation of 0.34% compared to the price of the previous day, when it had closed with 5.18 Brazilian reais on average.

Considering last week, the American dollar records a fall 0.17% even if, on the contrary, from one year to the next, it always maintains an increase of 5.37%.

If we compare the data with the previous days, it reverses the tables compared to that of the day before, when it marked a drop of 0.7%, without being able to establish a definite trend in recent dates. During the last week, the volatility is significantly lower than the data obtained for the last year (16.64%), which indicates that its price shows less changes than normal lately.

The real, or the Brazilian real as it is known internationally, is the legal currency in Brazil and it is the twentieth most traded currency in the world and the second in Latin America, just behind the Mexican peso.

In force since 1994, the real replaced the “cruzeiro real” and its abbreviation is BRL; It is also the fourth most traded currency in the Americas, behind the US and Canadian dollars and the Mexican peso.

One of the episodes that most marked the Brazilian currency was when in 1998 the real underwent a strong speculative attack which caused its devaluation the following year, going from a value of 1.21 to 2 reais per dollar.

Currently, there are 1 and 5 cent copper coins, 10 and 25 cent bronze coins, and 50 cent cupronickel coins. The only real part is bimetallic. It should be noted that in 2005, pennies were discontinued, but they are still legal tender.

Economically, like other countries in the region, Brazil had to face the monster of inflation which increased to 11% in 2022.

The panorama is complicated by the recent evolution of the country’s politics, since Luiz Inácio “Lula” da Silva assumed a new presidential termthe third of his life, in a context where the economy is showing improvements but the pandemic aid and the increase in social benefits have created a big hole.

According to the latest forecasts of the Economic Commission for Latin America and the Caribbean (Cepal), in 2023 the region will only experience growth of 1.3%, while specifically Brazil it would only increase by three percent.