The expectation of the financial market is that the dollar will close 2024 at R$ 5.20. This information is part of the Focus Bulletin, released on Monday (8) by the Central Bank (BC). The weekly study presents the median estimates of financial institutions for the country’s economy this year and in 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 in relation to the real directly influences the performance of the Brazilian economy. With a devalued exchange rate, imported products become more expensive, which puts upward pressure on inflation. However, it favors exports, as it makes Brazilian products cheaper abroad.
On the other hand, an appreciated currency makes imported products cheaper in the country, which can ease inflation. But it can be detrimental to the national industry, which needs to compete with foreign products that have more competitive prices.
Source: Agência Brasil