Opening value of the dollar in Brazil on May 9 from the US dollar to the Brazilian real

After opening American dollar It is being negotiated today R $ 5.09 on averageIt represents a change of 0.02% compared to the previous session’s price, which amounted to 5.09 Brazilians.

And last week, American dollar Accumulates an increase of 0.39%so on an annual basis there is still an increase in 6.77%.

With regard to past dates, it is a sequence of two successive cycles of positive numbers. Last week, volatility reached 5.63%, which is clearly lower than the annual volatility figure (10.16%), so we can say that it is going through a period of greater stability in recent days.

The Brazilian economy has been positioned as the fastest growing in Latin America driven by the agricultural sector and exports, however, the National Confederation of Industry (CNI) estimates that this situation will not be repeated this year due to the lack of a solid base.

The Institute of National Economy estimates that the international economic scenario will prevent recording the same historical increases as last year and expects there to be a slowdown of up to 0.2 percent.

Carlos Coal, former Brazilian Treasury Minister, considered that the international scene indicates a decline in interest rates in the world’s major banks, and he expects there to be economic growth ranging between 1.5 and 1.8 for the South American country.

The Real, or Brazilian Real as it is known internationally, is the legal tender in Brazil. It is the twentieth most traded currency in the world and the second most traded currency in Latin America after the Mexican peso.

In effect since 1994, real Replace “Real Cruzeiro” Its abbreviation is BRL; It is also the fourth most traded currency in the American continent after the US dollar, the Canadian dollar, and the Mexican peso.

One of the events that marked the Brazilian currency was when the real happened in 1998 He was subjected to a strong speculative attack This caused the value of the currency to decline the following year, as it moved from a value of 1.21 to 2 riyals per dollar.

There are currently 1 and 5 cent copper coins, 10 and 25 cent bronze coins, and 50 cent cupronickel coins. The only real currency is bimetallic. It should be noted that in 2005, one-cent coins were discontinued, but they remain legal tender.

In the economic sector, like other countries in the region, Brazil He 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 politics since then Luiz Inacio “Lula” da Silva assumed a new presidential termIt is the third in his life, in a context in which the economy shows improvement, but the aid allocated to the epidemic and the increase in social benefits have created a large gap.