# USD/BRL: Still see it a 5.30 by year-end – Rabobank — Elev8

> Rabobank maintains its forecast of USD/BRL at 5.30 by end-2022, citing a hawkish Federal Reserve, safe-haven dollar demand and the Brazilian electoral cycle weighing on local assets. The pair was falling on September 19 after its highest close since early August.

- Date: 2022-09-19 · published 2022-09-19T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39794-usd-brl-still-see-it-a-5-30-by-year-end-rabobank-elev8
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A forecast of a weaker real implies higher dollar costs for Brazilian soy, meal and corn exports priced in local currency. This supports dollar-denominated commodity prices for importers.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-09-30 | [USD/BRL: Year end forecast raised by 10-cents to 3.90 - Rabobank - Forex Crunch](https://feedsoft.ai/events/57288-usd-brl-year-end-forecast-raised-by-10-cents-to-3-90-rabobank-forex-crunch.md) | -2.3% | -4.3% |
| USDBRL | 2026-10-01 | [Brazilian Real: Exchange rate seen weaker into year-end – Rabobank](https://feedsoft.ai/events/17671-brazilian-real-exchange-rate-seen-weaker-into-year-end-rabobank.md) | -3.5% | +4.1% |
| USDBRL | 2024-11-28 | [BRL: Real hits four year low on fiscal concerns – ING — Elev8](https://feedsoft.ai/events/27616-brl-real-hits-four-year-low-on-fiscal-concerns-ing-elev8.md) | +1.7% | +5.6% |
| USDBRL | 2018-07-18 | [Brazil: Presidential race about to start - Rabobank - Forex Crunch](https://feedsoft.ai/events/64234-brazil-presidential-race-about-to-start-rabobank-forex-crunch.md) | -3.2% | +0.6% |
| USDBRL | 2017-04-17 | [USD/BRL: An overvalued currency – Lloyds Bank — Octa](https://feedsoft.ai/events/71707-usd-brl-an-overvalued-currency-lloyds-bank-octa.md) | +0.1% | -0.8% |

## Sources

- th.elev8trading.now: https://th.elev8trading.now/markets/news/view/996505/

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