# What is happening to BRL as the Brazilian Real collapses against the US Dollar

> The Brazilian real hit a new all-time low against the dollar on November 28 and fell further on November 29. Markets reacted to fiscal plans that failed to satisfy foreign investors, with concerns about rising state spending and debt.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record-weak real improves Brazil's export competitiveness in soy and corn, likely adding pressure on world feed grain and meal prices, while raising Brazilian feed import costs.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-06-06 | [Brazilian currency drops against the US dollar \| AP News](https://feedsoft.ai/events/5378-brazilian-currency-drops-against-the-us-dollar-ap-news.md) | -2.7% | +2.7% |
| USDBRL | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | +2.7% | +2.7% |
| USDBRL | 2020-01-31 | [Coronavirus and current account deficit hit the Brazilian Real against the dollar — MercoPress](https://feedsoft.ai/events/55285-coronavirus-and-current-account-deficit-hit-the-brazilian-real-against-the.md) | +0.2% | +5.4% |
| USDBRL | 2025-12-01 | [Dollar closes higher against the real, bucking the trend abroad \| Brasil 247](https://feedsoft.ai/events/8062-dollar-closes-higher-against-the-real-bucking-the-trend-abroad-brasil-247.md) | +1.3% | +4.5% |
| USDBRL | 2018-07-19 | [Brazilian Real and Argentine Peso lose ground against the dollar — MercoPress](https://feedsoft.ai/events/64233-brazilian-real-and-argentine-peso-lose-ground-against-the-dollar-mercopress.md) | -3.5% | +1.9% |
| SBM | 2026-06-02 | [Brazilian Real: Politics drive correction against US Dollar – Commerzbank](https://feedsoft.ai/events/12077-brazilian-real-politics-drive-correction-against-us-dollar-commerzbank.md) | -8.7% | -9.3% |
| SBM | 2020-01-31 | [Coronavirus and current account deficit hit the Brazilian Real against the dollar — MercoPress](https://feedsoft.ai/events/55285-coronavirus-and-current-account-deficit-hit-the-brazilian-real-against-the.md) | -1.1% | +2.4% |
| SBM | 2022-04-29 | [Why the US Dollar Is So Mighty Again \| QuickTakes \| Yardeni Research](https://feedsoft.ai/events/7374-why-the-us-dollar-is-so-mighty-again-quicktakes-yardeni-research.md) | -3.3% | -3.4% |

## Sources

- finbold.com: https://finbold.com/what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar/

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