# Brazil’s World-Beating Currency Rally Storms Past Key Level - Bloomberg

> The Brazilian real strengthened past the key 5-per-dollar level for the first time since July, extending its year-to-date gain to more than 11.4% and making it the world's best-performing currency this year. Investors are focusing on Brazil's high yields and cheap stocks despite political risks. Traders are now watching 4.87 per dollar as the next resistance level.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/42913-brazil-s-world-beating-currency-rally-storms-past-key-level-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real makes Brazilian exports more expensive in dollar terms and lowers the local-currency cost of imported inputs, which can ease pressure on Brazilian feed and meal prices. The move is currency-driven rather than a change in crop supply.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-10-08 | [Brazil Stocks, Currency Surge as Bolsonaro Takes Commanding Lead - Bloomberg](https://feedsoft.ai/events/8763-brazil-stocks-currency-surge-as-bolsonaro-takes-commanding-lead-bloomberg.md) | -4.1% | -4.3% |
| USDBRL | 2024-08-23 | [Mexican Peso Soars, Leading EM Rally as Powell Signals Rate Cuts - Bloomberg](https://feedsoft.ai/events/29056-mexican-peso-soars-leading-em-rally-as-powell-signals-rate-cuts-bloomberg.md) | +1.2% | -1.4% |
| USDBRL | 2021-11-18 | [Brazil's Guedes says political 'noise' weakening real currency \| Financial Post](https://feedsoft.ai/events/44255-brazil-s-guedes-says-political-noise-weakening-real-currency-financial-post.md) | +1.6% | +2.9% |
| USDBRL | 2019-12-05 | [Latin America’s Currencies Are Back From the Brink of Collapse - Bloomberg](https://feedsoft.ai/events/55825-latin-america-s-currencies-are-back-from-the-brink-of-collapse-bloomberg.md) | -1.7% | -3.6% |
| USDBRL | 2022-03-24 | [Brazil’s Real and Stocks Are World’s Best as Foreigners Pile In](https://feedsoft.ai/events/12658-brazil-s-real-and-stocks-are-world-s-best-as-foreigners-pile-in.md) | -1.6% | -4.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-02-23/brazil-s-world-beating-currency-rally-storms-past-key-barrier

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