◂ Event Timeline

Feb 21, 2025POLICYBrazil

Brazil's central bank has no exchange rate target, says director

Brazil's central bank director said the bank has no exchange rate target. The statement was reported by Reuters on February 21, 2025.

WHY IT MATTERS

Clarifying that the central bank does not target the exchange rate means currency moves will be driven by market forces, which keeps BRL volatility elevated for Brazilian commodity export pricing.

AFFECTSBrazilian Real (BRL per USD)◆

SOURCE
marketscreener.comReutersFeb 21, 2025

Price reaction & history

Brazilian Real (BRL per USD)◆neutralSO FAR1d +0.0%5d +2.3%20d -0.4%

After 36 past policy events, Brazilian Real (BRL per USD) moved a median -0.5% over 5 sessions (44% higher; middle half -2.8% to +1.6%), and -0.3% over 20.

Nov 30, 2024Brazil Central Bank to ban self-custody stablecoins as BRL collapses against the USD+1.3%
Jun 7, 2024Brazil Soy Prices: Tax Change Seen Making US More Competitive - Bloomberg+2.3%
Dec 19, 2024Fed's hawkish tilt has emerging markets scurrying to save currencies-0.5%
Jul 21, 2022Lula Advisers Draft Plans For More Aggressive Brazil FX Policy | IBTimes-2.5%
Sep 1, 2026US-China Tariffs Put Agriculture Back in the Trade Spotlight-1.9%

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.

Brazilian Real (BRL per USD) USDBRL · GP ▸

——— · ·

Loading…