# Brazilian Real Hits Strongest Since May 2024

> The Brazilian real appreciated past 5.16 per US dollar, its strongest level since May 2024, as global investors reassessed high-yielding emerging market currencies. Support came from the central bank holding the Selic rate at 15% and a January trade surplus of $4.34 billion.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/20791-brazilian-real-hits-strongest-since-may-2024
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real makes Brazilian soybeans and corn pricier in dollar terms for importers and can weigh on Brazilian farm selling, a factor for feed input costs.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-03-24 | [Brazilian Real (BRL USD) Price Quote Strongest Since March 2020 - Bloomberg](https://feedsoft.ai/events/42471-brazilian-real-brl-usd-price-quote-strongest-since-march-2020-bloomberg.md) | -1.6% | -4.8% |
| USDBRL | 2025-05-20 | [Banks start forecasting stronger Brazilian real](https://feedsoft.ai/events/24895-banks-start-forecasting-stronger-brazilian-real.md) | +0.2% | -2.9% |
| USDBRL | 2023-11-16 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/33375-strong-dollar-inflows-support-brazilian-real.md) | +0.6% | +0.8% |
| USDBRL | 2023-04-11 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/36624-strong-dollar-inflows-support-brazilian-real.md) | -2.7% | -1.8% |
| USDBRL | 2025-02-03 | [Brazil's real sets longest streak of gains in 20 years](https://feedsoft.ai/events/26255-brazil-s-real-sets-longest-streak-of-gains-in-20-years.md) | -0.9% | +0.8% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/brazil/currency/news/527760

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