# Brazil makes first FX intervention of the year - Central Banking

> The Central Bank of Brazil sold $2 billion in foreign exchange markets on September 23, its first FX intervention since December 2021. The real remains up about 6% against the dollar this year despite the sale, which did not stop the dollar appreciating that day.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39790-brazil-makes-first-fx-intervention-of-the-year-central-banking
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Central bank dollar sales aim to smooth real volatility, which affects Brazilian export competitiveness and the pricing of Brazilian soy and meal in dollar terms. A stronger real tends to make Brazilian commodities pricier for foreign buyers.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-03-12 | [FX Daily: Brazilian central bank’s line in the sand \| ING THINK](https://feedsoft.ai/events/48310-fx-daily-brazilian-central-bank-s-line-in-the-sand-ing-think.md) | -0.3% | +0.4% |
| USDBRL | 2021-12-08 | [Brazil central bank makes 150 bps interest rate hike, signals another](https://feedsoft.ai/events/43827-brazil-central-bank-makes-150-bps-interest-rate-hike-signals-another.md) | +0.7% | +1.3% |
| USDBRL | 2023-03-23 | [Brazil’s Central Bank maintains basic interest rate at 13.75% a year \| Agência Brasil](https://feedsoft.ai/events/37069-brazil-s-central-bank-maintains-basic-interest-rate-at-13-75-a-year-agencia.md) | -2.3% | -4.0% |
| USDBRL | 2025-02-03 | [Trump's tariffs raise fears Brazil's central bank is out of step on inflation](https://feedsoft.ai/events/26256-trump-s-tariffs-raise-fears-brazil-s-central-bank-is-out-of-step-on-inflation.md) | -0.9% | +0.8% |
| USDBRL | 2020-06-09 | [Brazil central bank watching FX, commodities impact on inflation \| 1330 & 101.5 WHBL](https://feedsoft.ai/events/52815-brazil-central-bank-watching-fx-commodities-impact-on-inflation-1330-and-101-5.md) | +6.6% | +9.7% |

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/reserves/foreign-exchange/7953193/brazil-makes-first-fx-intervention-of-the-year

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