On the last day, the euro was listed at the close of 5.56 Brazilian reais on averagewhich represents a variation of 0.18% compared to the 5.55 Brazilian reais on average the day before.

Regarding the last seven days, the euro records a fall 1.71%; but in interannual terms, it still accumulates an increase of 8.3%.

Compared to the variations of this day compared to the previous days, it accumulates two successive days of positive numbers. During the past week, the volatility was significantly lower than that accumulated over the past year, so it has a more stable behavior than usual recently.

Diagnosis of the Brazilian real

The real, or the Brazilian real as it is known internationally, is the legal currency in Brazil and it is the twentieth most used 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 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.

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.

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.