The Brazilian real strengthened slightly to 5.12 per US dollar in September following the release of stronger-than-expected mid-month inflation. Brazil’s mid-month headline inflation rose to 4.47% year over year in September from 4.24% previously, exceeding the 4.30% market consensus. Persistent inflationary pressures could reduce prospects for the continuation of the Selic easing cycle. The 12-month rate is back above the upper bound of the BCB’s target range. The BCB cut its policy rate by 25 bps to 13.75% at its September meeting and left its next steps open, while Copom’s minutes were more hawkish than expected. Abroad, oil prices fell, easing some energy-related pressures, although the external environment remained challenging as global yields rose above recent historical levels before halting their rally on the oil pullback. The US Fed raised its federal funds target rate at its latest meeting. The narrowing interest-rate differential remains a factor supporting the dollar.
The USD/BRL exchange rate fell to 5.1804 on September 25, 2026, down 0.23% from the previous session. Over the past month, the Brazilian Real has weakened 0.58%, but it's up by 3.06% 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 September 27 of 2026.
The USD/BRL exchange rate fell to 5.1804 on September 25, 2026, down 0.23% from the previous session. Over the past month, the Brazilian Real has weakened 0.58%, but it's up by 3.06% over the last 12 months. The Brazilian Real is expected to trade at 5.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.99 in 12 months time.