The Brazilian real has been trading above 5 per USD in July of 2021, moving away from one year-highs in June, amid general risk aversion on fears of the highly contagious Delta strain and ongoing concerns over political tensions in the country. Still, the currency is expected to benefit from a strong economic recovery in Brazil this year, although spiking inflation and high unemployment could hurt the economic outlook.
Historically, the Brazilian Real reached an all time high of 770.43 in September of 2020. Brazilian Real - data, forecasts, historical chart - was last updated on July of 2021.
The Brazilian Real is expected to trade at 5.19 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.43 in 12 months time.