The Brazilian real strengthened to 5.06 per USD in July, the highest in seven weeks, on renewed carry-trade interest. Strikes between the US and Iran escalated and US officials downplayed the chances of diplomacy, increasing geopolitical concern and driving emerging-market investors to momentarily pivot away from the dollar. The high real interest rates by the Central Bank of Brazil made Brazilian real assets attractive among investors, as risks of high inflation and wide deficit spending by Brasilia drove the Selic rate to remain elevated. Still, foreign trade remains a key concern. Investors are awaiting measures from the government to mitigate the impact of new US tariffs. However, key exports including beef, coffee, rare earths, energy products, aircraft, and aircraft parts are exempt from the new 25% tariff.

The USD/BRL exchange rate fell to 5.0851 on July 24, 2026, down 0.29% from the previous session. Over the past month, the Brazilian Real has strengthened 2.10%, and is up by 8.62% 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 July 26 of 2026.

The USD/BRL exchange rate fell to 5.0851 on July 24, 2026, down 0.29% from the previous session. Over the past month, the Brazilian Real has strengthened 2.10%, and is up by 8.62% over the last 12 months. The Brazilian Real is expected to trade at 5.06 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.91 in 12 months time.



Crosses Price Day Year Date
USDBRL 5.0977 -0.0022 -0.04% -8.40% Jul/24
EURBRL 5.7770 -0.0252 -0.43% -10.97% Jul/24
GBPBRL 6.7636 -0.0271 -0.40% -9.30% Jul/24
AUDBRL 3.5440 -0.0101 -0.28% -2.65% Jul/24
NZDBRL 2.9389 -0.0053 -0.18% -12.19% Jul/24
BRLJPY 32.2249 0.0966 0.30% 21.01% Jul/24
BRLCNY 1.3320 0.0031 0.23% 2.81% Jul/24
BRLCHF 0.1609 0.0007 0.46% 11.76% Jul/24
BRLCAD 0.2769 0.0007 0.27% 12.07% Jul/24
BRLMXN 3.4358 0.0002 0.01% 2.29% Jul/24
BRLINR 19.0261 0.0300 0.16% 21.50% Jul/24
BRLARS 292.9783 1.0184 0.35% 27.04% Jul/24
BRLCZK 4.1770 0.0079 0.19% 10.45% Jul/24
BRLDKK 1.2922 0.0038 0.29% 12.33% Jul/24
BRLHUF 62.6906 -0.1650 -0.26% 2.41% Jul/24
BRLIDR 3,534.3213 2.6834 0.08% 19.61% Jul/24
BRLKRW 287.9699 -1.3790 -0.48% 15.79% Jul/24
BRLMYR 0.8053 0.0036 0.45% 5.46% Jul/24
BRLRUB 15.3717 0.0185 0.12% 7.07% Jul/24
 Currencies
 BRL...
 ...BRL



Related Last Previous Unit Reference
United States Inflation Rate 3.50 4.20 percent Jun 2026
Brazil Inflation Rate 4.64 4.72 percent Jun 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
Brazil Interest Rate 14.25 14.50 percent Jun 2026
United States Unemployment Rate 4.20 4.30 percent Jun 2026
Brazil Unemployment Rate 5.60 5.80 percent May 2026

Brazilian Real
The USDBRL spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the BRL. While the USDBRL spot exchange rate is quoted and exchanged in the same day, the USDBRL forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
5.09 5.10 6.75 0.01 1992 - 2026 Daily

News Stream
Brazilian Real Strengthens on Carry Trade
The Brazilian real strengthened to 5.06 per USD in July, the highest in seven weeks, on renewed carry-trade interest. Strikes between the US and Iran escalated and US officials downplayed the chances of diplomacy, increasing geopolitical concern and driving emerging-market investors to momentarily pivot away from the dollar. The high real interest rates by the Central Bank of Brazil made Brazilian real assets attractive among investors, as risks of high inflation and wide deficit spending by Brasilia drove the Selic rate to remain elevated. Still, foreign trade remains a key concern. Investors are awaiting measures from the government to mitigate the impact of new US tariffs. However, key exports including beef, coffee, rare earths, energy products, aircraft, and aircraft parts are exempt from the new 25% tariff.
2026-07-22
Brazilian Real Weakens on US Tariffs
The Brazilian real weakened slightly to 5.09 per USD in mid-July from 5.07 earlier in the month after the US announced a new 25% tariff on Brazilian imports, effective July 22th. The measure is expected to reduce dollar inflows into Brazil by weighing on exports to the US, potentially weakening the country's trade surplus and slowing the recent appreciation of the real. A decline in export revenues could put upward pressure on the exchange rate in the coming months, particularly if markets revise down Brazil's trade balance outlook or reassess the country's risk profile. Meanwhile, lingering geopolitical risks in the Middle East and expectations that the Federal Reserve could keep interest rates higher for longer continued to limit gains in the Brazilian currency.
2026-07-16
BRL Hits Strongest Level in Over Three Weeks
The Brazilian real strengthened to 5.11 per USD from 5.17 in early July, it's highest level in over three weeks, tracking other emerging market currencies as the US dollar weakened. Risk appetite improved after signs that diplomatic talks between the US and Iran are continuing despite recent tensions, easing geopolitical concerns and reducing demand for safe-haven assets. Domestically, the real also found support after Brazil's annual inflation slowed to 4.64% in June, below market expectations. Still, lingering risks of renewed Middle East disruptions and the prospect of further Federal Reserve tightening continued to limit gains.
2026-07-10