The financial market forecast is that the dollar will end 2024 at R$5.20. The information is part of the Focus Bulletin, released on Monday (8) by the Central Bank (BC). The weekly study presents the median estimates from financial institutions for the country’s economy for the year and for the next three years.
Last week, the dollar closed at R$5.46. A few days earlier, on July 2, the dollar had closed the trading session at R$5.66.
The behavior of the American currency against the real directly influences the performance of the Brazilian economy. With a devalued exchange rate imported goods become more expensive, which puts upward pressure on inflation. However, it favors exports because it makes Brazilian products more affordable abroad.
On the other hand, the appreciated currency makes imported products cheaper in the country, which can be a relief for inflation. But it can be harmful to the national industry, which needs to compete with foreign products that have more competitive prices.
Source: Agência Brasil