After the opening of the stock exchange euro it is paid at the beginning of the session to 5.36 Brazilian reais on averagewhich represents a variation of 0.97% compared to the value of the day before, when it amounted to 5.31 Brazilian reais on average.

In the past seven days, the euro marked an ascent from 2%; On the contrary, last year it continued to decline. 1.48%.

As for the variations of this day compared to the past days, we add four consecutive sessions of gains. Regarding the volatility of the last dates, it is 6.59%, which is a figure significantly lower than the annual volatility data (16.28%), so in this last phase there are fewer changes than usual.

The real, or 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, behind the Mexican peso.

In force since 1994, the real replaced the “real cruzeiro” 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 marked the Brazilian currency the most was when, in 1998, the real rate came under heavy speculative attack which caused its devaluation the following year, going from a value of 1.21 to 2 reais for one dollar.

There are currently 1 and 5 cent copper coins, 10 and 25 cent bronze coins, and 50 cent cupronickel coins. The only real coin 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 monster of inflation which rose to 11 percent in 2022.

The panorama is complicated by the recent change in the country’s policy, since Luiz Inácio “Lula” da Silva assumes a new presidential mandatethe third of his life, in a context where the economy is showing improvements but where aid for the pandemic 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.