# Brazilian real’s volatility undermines foreign trade predictability, says official | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM

> Brazil's foreign trade secretary Tatiana Prazeres said recent real volatility is harming the predictability of trade. The real closed near 5.52 per dollar, its weakest close since January 2022, amid high US rates and local fiscal uncertainty.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/29990-brazilian-real-s-volatility-undermines-foreign-trade-predictability-says
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Currency swings make Brazilian export pricing less predictable for buyers, while a weaker real tends to encourage exports and pressure dollar-denominated grain and meal prices.

## Read by commodity

- SOY: neutral
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |
| USDBRL | 2024-07-29 | [Economic uncertainties still prevent rate cut in Brazil, official says \| Reuters](https://feedsoft.ai/events/29478-economic-uncertainties-still-prevent-rate-cut-in-brazil-official-says-reuters.md) | +1.4% | -2.6% |
| 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% |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| USDBRL | 2020-06-01 | [Brazil cannot rely on foreign funding in short term, says central bank chief](https://feedsoft.ai/events/7614-brazil-cannot-rely-on-foreign-funding-in-short-term-says-central-bank-chief.md) | -8.7% | +0.8% |
| SOY | 2026-10-27 | [First Thing Today \| Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer](https://feedsoft.ai/events/436-first-thing-today-soybeans-see-small-bounce-as-brazilian-real-stabilizes-pro.md) | +0.5% | — |
| SOY | 2021-11-18 | [Brazil's Guedes says political 'noise' weakening real currency \| Financial Post](https://feedsoft.ai/events/44255-brazil-s-guedes-says-political-noise-weakening-real-currency-financial-post.md) | -0.8% | +0.0% |
| SOY | 2025-12-30 | [Brazilian Real Rebounds After Labor Data](https://feedsoft.ai/events/21715-brazilian-real-rebounds-after-labor-data.md) | -0.7% | +2.4% |

## Sources

- wkzo.com: https://wkzo.com/2024/06/26/brazilian-reals-volatility-undermines-foreign-trade-predictability-says-official/

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