# Brazil's real jumps as presidential transition to begin, Colombia's peso at record low | Financial Post

> Brazil's real rose as much as 1.8% to a four-week high of 5.087 per dollar after the Bolsonaro administration said it would begin the transition to Luiz Inacio Lula da Silva's government. Colombia's peso hit a record low amid uncertainty over economic policy.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/38952-brazil-s-real-jumps-as-presidential-transition-to-begin-colombia-s-peso-at
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A stronger real reduces the cost of Brazilian exports in dollars and can slow Brazilian soybean and corn export selling at the margin, while political clarity supports Brazilian asset prices. The Colombian peso weakness raises import costs for feed buyers in Colombia.

## Read by commodity

- USDBRL: bearish ▼
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-07-29 | [Brazil's real, Colombian peso jump as Fed dents dollar](https://feedsoft.ai/events/46262-brazil-s-real-colombian-peso-jump-as-fed-dents-dollar.md) | +1.6% | +1.8% |
| USDBRL | 2022-06-29 | [Fed rate hike bets hit Latam assets; Brazil's real jumps \| Financial Post](https://feedsoft.ai/events/41148-fed-rate-hike-bets-hit-latam-assets-brazil-s-real-jumps-financial-post.md) | +3.9% | +0.8% |
| USDBRL | 2020-12-10 | [Brazil's real jumps after central bank hints at end of easing cycle \| Financial Post](https://feedsoft.ai/events/49851-brazil-s-real-jumps-after-central-bank-hints-at-end-of-easing-cycle-financial.md) | -0.4% | +6.4% |
| USDBRL | 2021-11-08 | [Brazil's real dips on inflation woes, Chile's peso supported by copper \| Financial Post](https://feedsoft.ai/events/44258-brazil-s-real-dips-on-inflation-woes-chile-s-peso-supported-by-copper-financial.md) | -1.4% | +1.7% |
| USDBRL | 2020-12-03 | [Latam FX cheers Brazil GDP; Colombian, Mexican pesos at 9-mth highs \| Financial Post](https://feedsoft.ai/events/49881-latam-fx-cheers-brazil-gdp-colombian-mexican-pesos-at-9-mth-highs-financial-post.md) | -1.7% | +0.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/brazils-real-jumps-as-presidential-transition-to-begin-colombias-peso-at-record-low

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