# Exchange Rate Fluctuations Highlight Brazilian Economic Vulnerability | CZ app

> A CZ app insight piece says growing uncertainty over Brazil's public accounts and the departure of Central Bank president Roberto Campos Neto weigh on the real. The article notes the real depreciated 3.5% in April to 5.19 and that floods in Rio Grande do Sul caused over BRL 1.3 billion in agribusiness losses.

- Date: 2024-05-28 · published 2024-05-28T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/30479-exchange-rate-fluctuations-highlight-brazilian-economic-vulnerability-cz-app
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Fiscal doubts and flood damage to agricultural output both point to a weaker real, which supports Brazilian export competitiveness while flood losses could trim regional crop supply.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-05-15 | [Brazil Exchange Rate May 2020 - FocusEconomics](https://feedsoft.ai/events/53337-brazil-exchange-rate-may-2020-focuseconomics.md) | -5.4% | -15.1% |
| USDBRL | 2020-07-13 | [Brazil Exchange Rate July 2020 - FocusEconomics](https://feedsoft.ai/events/52315-brazil-exchange-rate-july-2020-focuseconomics.md) | +0.3% | +1.9% |
| USDBRL | 2020-02-17 | [Brazil Exchange Rate February 2020 - FocusEconomics](https://feedsoft.ai/events/54782-brazil-exchange-rate-february-2020-focuseconomics.md) | +1.8% | +15.6% |
| USDBRL | 2019-12-02 | [Brazil Exchange Rate November 2019 - FocusEconomics](https://feedsoft.ai/events/55777-brazil-exchange-rate-november-2019-focuseconomics.md) | -1.2% | -5.0% |
| USDBRL | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -3.9% | -2.0% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/exchange-rate-fluctuations-highlight-brazilian-economic-vulnerability/

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