The Brazilian real strengthened to 4.95 per dollar, the strongest level since March 2024, amid support from higher oil prices and the outlook of high interest rates. The ongoing conflict between Iran and the US has suspended oil flows from the Middle East for nearly two months, lifting global energy prices and increasing foreign exchange inflows for alternative energy exporters such as Brazil. On top of that, the pro-inflationary risks from higher energy prices drove officials in the Central Bank of Brazil to suspend the outlook of multiple rate cuts signaled before the war, boosting foreign investment in Brazilian fixed-income assets. These developments were enough to strengthen the currency despite of the flight to harder assets that typically occur with geopolitical tensions.
The USD/BRL exchange rate rose to 5.0109 on April 22, 2026, up 0.62% from the previous session. Over the past month, the Brazilian Real has strengthened 4.28%, and is up by 12.24% 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 April 22 of 2026.
The USD/BRL exchange rate rose to 5.0109 on April 22, 2026, up 0.62% from the previous session. Over the past month, the Brazilian Real has strengthened 4.28%, and is up by 12.24% over the last 12 months. The Brazilian Real is expected to trade at 4.94 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.80 in 12 months time.