# Why a 9.75% Interest Gap Moves the Brazil Real to USD Exchange Rate

> The 9.75 percentage point gap between the US benchmark rate of 4.0% and Brazil's Selic rate of 13.75% is a key driver of capital flows into the real. On 14 November the dollar traded at 5.6512 reais, up 0.38%. The gap has held flat over the past 30 days.

- Date: 2026-11-14 · published 2026-11-15T03:11:58.301Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/100574-why-a-9-75-interest-gap-moves-the-brazil-real-to-usd-exchange-rate
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A wide interest-rate gap supports the real and attracts carry trades, but a narrowing gap could trigger capital outflows and a weaker real, which would make Brazilian exports cheaper for overseas feed buyers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-10-01 | [Brazilian Real: Exchange rate seen weaker into year-end – Rabobank](https://feedsoft.ai/events/17671-brazilian-real-exchange-rate-seen-weaker-into-year-end-rabobank.md) | -3.5% | +4.1% |
| USDBRL | 2024-11-12 | [Brazil’s real weakens, interest rates climb under Trump effect](https://feedsoft.ai/events/27618-brazil-s-real-weakens-interest-rates-climb-under-trump-effect.md) | -0.6% | +4.7% |
| USDBRL | 2019-09-19 | [Brazil Cuts Interest Rate to Fresh Record Low](https://feedsoft.ai/events/57287-brazil-cuts-interest-rate-to-fresh-record-low.md) | +2.0% | +1.6% |
| USDBRL | 2018-05-22 | [brazil-currency-weakness-halts-the-interest-rate-cuts](https://feedsoft.ai/events/9714-brazil-currency-weakness-halts-the-interest-rate-cuts.md) | +0.5% | +0.6% |
| USDBRL | 2023-09-08 | [Why the US Fed's interest rate pause is a win for dollar bulls \| The National](https://feedsoft.ai/events/34010-why-the-us-fed-s-interest-rate-pause-is-a-win-for-dollar-bulls-the-national.md) | -2.2% | +4.1% |

## Sources

- brznews.com: https://brznews.com/article/currencies-why-a-9-75-interest-gap-moves-the-brazil-real-to-usd-exchange-rate

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.