
The BCRA's bilateral real exchange rate with Brazil fell from 86.7 to 76.6 between October 9 and November 13, 2026, making Brazil 11.7% cheaper for Argentines. The Brazilian dollar rose 13.3% over the period while Argentina's rose 2.1%.
The index is at its lowest level since April 2025.
A weaker real makes Brazilian goods cheaper for regional buyers, which can increase competition for Argentine exports and pressure regional feed and grain prices.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.