# Barclays Sees Sharp Rally in Brazil’s Real on Rate Hikes

> Barclays forecasts Brazil's real will strengthen about 10% to 4.55 per dollar by end-June, driven by rising interest rates and high commodity prices. The central bank was expected to raise its key rate by 100 basis points to 12.75%, with borrowing costs seen peaking at 13.25%.

- Date: 2022-05-03 · published 2022-05-03T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/41607-barclays-sees-sharp-rally-in-brazil-s-real-on-rate-hikes
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real would make Brazilian soybean and corn exports more expensive in dollar terms, potentially lifting global prices for these feed grains and oilseeds, though it is only a bank forecast.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-10-08 | [Brazil's real, stocks rally on Bolsonaro win](https://feedsoft.ai/events/7665-brazil-s-real-stocks-rally-on-bolsonaro-win.md) | -4.1% | -4.3% |
| USDBRL | 2025-01-30 | [Brazil central bank hikes rates by 100 bps, confirms same in March](https://feedsoft.ai/events/26712-brazil-central-bank-hikes-rates-by-100-bps-confirms-same-in-march.md) | -1.4% | -0.9% |
| USDBRL | 2021-07-23 | [Brazil's real gains on rate-hike bets, but loses for the week \| Financial Post](https://feedsoft.ai/events/46261-brazil-s-real-gains-on-rate-hike-bets-but-loses-for-the-week-financial-post.md) | -3.0% | +3.8% |
| USDBRL | 2021-12-08 | [Brazil's real rallies over 1% ahead of interest rate decision \| Financial Post](https://feedsoft.ai/events/43829-brazil-s-real-rallies-over-1-ahead-of-interest-rate-decision-financial-post.md) | +0.7% | +1.3% |
| USDBRL | 2025-09-18 | [UBS BB cuts exchange rate forecasts, sees firmer real on US easing and Brazil’s rates](https://feedsoft.ai/events/23092-ubs-bb-cuts-exchange-rate-forecasts-sees-firmer-real-on-us-easing-and-brazil-s.md) | +0.2% | +2.4% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/2022/05/03/barclays-sees-sharp-rally-in-brazils-real-on-rate-hikes/

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