The Brazilian real weakened to 5.21 per USD, reaching its weakest level in more than a month in mid-August as investors continued to reduce their exposure to Brazilian assets. The market is pricing in uncertainty over the next government and its economic agenda. The perception that the next government will struggle to implement a consistent fiscal adjustment is beginning to translate into a higher risk premium in asset prices. Concerns are increasing as elections approach and foreign capital outflows accelerate. Banks and brokerages have also reduced their exposure to the real, unwinding currency positions in favor of other emerging-market currencies. The move intensified following a more pessimistic view of the local market from JPMorgan. The bank downgraded its recommendation on Brazilian assets from overweight to neutral, citing the Selic easing cycle, the electoral outlook and deteriorating credit conditions.
The USD/BRL exchange rate rose to 5.2136 on August 14, 2026, up 0.18% from the previous session. Over the past month, the Brazilian Real has weakened 2.38%, but it's up by 3.47% over the last 12 months. Historically, the USDBRL reached an all time high of 6.75 in December of 2024. Brazilian Real - data, forecasts, historical chart - was last updated on August 16 of 2026.
The USD/BRL exchange rate rose to 5.2136 on August 14, 2026, up 0.18% from the previous session. Over the past month, the Brazilian Real has weakened 2.38%, but it's up by 3.47% over the last 12 months. The Brazilian Real is expected to trade at 5.19 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.03 in 12 months time.