He euro was traded at the close of 5.50 Brazilian reais on averagewhich implied a variation of 0.3% compared to the 5.49 Brazilian reais on average in the previous session.

In the past seven days, the euro gets a promotion from 0.3%so much so that for a year there is still an increase in 1%.

Regarding today’s changes compared to previous days, it reversed yesterday’s data where it saw a 0.24% drop, recently showing a lack of stability in the results. The volatility referring to the last week was 9.38%, which is a figure significantly lower than the annual volatility data (18.7%), so in this last phase there are less variations than usual .

The real, or the Brazilian real as it is known internationally, is the legal currency in Brazil and it is the twentieth most circulated coin 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 on the American continent, behind the American and Canadian dollars and the Mexican peso.

One of the moments 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 inflation monster 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 2024 the region will only experience growth of 1.3%, while specifically Brazil it would only increase by three percent.