# Brazil’s Real and Stocks Are World’s Best as Foreigners Pile In

> Brazil's real strengthened to as much as 4.7663 per dollar, its highest since March 2020, and is up more than 16% year to date, the largest gain among 31 major currencies. Brazilian stocks have returned over 30% in dollar terms, leading global equity indexes, as foreign investors bought local assets for 53 of 55 sessions through March 22.

- Date: 2022-03-24 · published 2022-03-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/12658-brazil-s-real-and-stocks-are-world-s-best-as-foreigners-pile-in
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Strong foreign inflows and a firmer real reflect high Brazilian interest rates and commodity price strength; a stronger real raises the dollar cost of Brazilian soybeans, corn and meal, which can support prices for feed ingredients priced off Brazilian export competitiveness.

## Read by commodity

- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2022-03-25 | 5 | -5.2% | -2.8 | Record foreign inflows into Brazilian stocks and local assets pushed the real to a two-year high (about 4.77 per USD), directly explaining the BRL/USD decline of roughly 5% in the week. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-01-23 | [Foreign investors pare bets against Brazilian real](https://feedsoft.ai/events/43351-foreign-investors-pare-bets-against-brazilian-real.md) | -0.5% | -5.5% |
| USDBRL | 2018-12-04 | [Brazil stocks gain; real firms as U.S. dollar weakens](https://feedsoft.ai/events/61764-brazil-stocks-gain-real-firms-as-u-s-dollar-weakens.md) | +2.1% | -3.1% |
| USDBRL | 2018-10-08 | [Brazil's real, stocks rally on Bolsonaro win](https://feedsoft.ai/events/7665-brazil-s-real-stocks-rally-on-bolsonaro-win.md) | -4.1% | -4.3% |
| USDBRL | 2023-04-24 | [Brazil woos sceptical foreign investors with new fiscal plan \| Reuters](https://feedsoft.ai/events/36625-brazil-woos-sceptical-foreign-investors-with-new-fiscal-plan-reuters.md) | -0.9% | -1.3% |
| USDBRL | 2021-04-30 | [Brazil's real plunges as unemployment soars, set for best month in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/47795-brazil-s-real-plunges-as-unemployment-soars-set-for-best-month-in-2021-markets.md) | -1.5% | -1.8% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/2022/03/24/brazils-real-and-stocks-are-worlds-best-as-foreigners-pile-in/

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