# FX rate hits 2021 high as foreign investors bet against Brazilian real

> The Brazilian real closed above R$5.76 per dollar, its weakest level since March 2021, and is down about 5.8% in October. Foreign investors raised their dollar long positions in the derivatives market and cut bets on Brazilian rate cuts, while spot FX inflows fell well below 2023 levels.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/28081-fx-rate-hits-2021-high-as-foreign-investors-bet-against-brazilian-real
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real makes Brazilian soybeans, corn and meal cheaper for export buyers, which tends to pressure global feed prices. The dollar-real move also shifts Brazilian farmer selling behaviour.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-11-03 | [Foreign investors go bearish on Brazilian real](https://feedsoft.ai/events/22162-foreign-investors-go-bearish-on-brazilian-real.md) | -0.8% | -0.8% |
| USDBRL | 2026-08-28 | [Brazilian Real Weakens as Fed Hike Bets Rise](https://feedsoft.ai/events/18106-brazilian-real-weakens-as-fed-hike-bets-rise.md) | -1.2% | +0.4% |
| USDBRL | 2022-06-07 | [Brazilian real hits 2-week low, Chilean peso slips before rate move \| Financial Post](https://feedsoft.ai/events/41152-brazilian-real-hits-2-week-low-chilean-peso-slips-before-rate-move-financial.md) | +6.3% | +13.7% |
| USDBRL | 2024-11-29 | [What is happening to BRL as the Brazilian Real collapses against the US Dollar](https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar.md) | +1.7% | +5.6% |
| USDBRL | 2025-02-19 | [Brazilian Real Weighed by Trade Fears](https://feedsoft.ai/events/26258-brazilian-real-weighed-by-trade-fears.md) | +1.4% | -0.3% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2024/10/30/fx-rate-hits-2021-high-as-foreign-investors-bet-against-brazilian-real.ghtml

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