In today’s session, the euro is paid at the start 5.47 Brazilian reais on averagewhich represents a variation of 0.6% compared to the 5.51 Brazilian reais on average the previous day.

If we consider the data of the last seven days, the euro mark a decline 0.98%so that for a year he still maintains a decrease in the 0.76%.

Regarding past dates, this puts an end to two sessions of a positive sequence. In reference to the volatility of the last week, it is 9.48%, which is a figure significantly lower than the annual volatility data (18.64%), presenting itself as a value with less variation than normal these last time.

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 on the American continent, behind the American 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.

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

In the economic field, 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.