# Brazil central bank sells $1 bln in surprise FX swap auction

> Brazil's central bank sold $1 billion in a surprise FX swap auction, which immediately reversed the real's losses. The real traded up around 0.5% to about 5.51 reais per dollar.

- Date: 2021-10-13 · published 2021-10-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/44784-brazil-central-bank-sells-1-bln-in-surprise-fx-swap-auction
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency intervention that strengthens the real can narrow Brazil's export price advantage in soybeans, corn and meal. The effect on world prices is usually modest and short-lived.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2017-01-17 | [Brazil real strengthens 1 pct as central bank resumes intervention](https://feedsoft.ai/events/73168-brazil-real-strengthens-1-pct-as-central-bank-resumes-intervention.md) | -1.2% | -3.1% |
| USDBRL | 2025-05-28 | [Surprise in Brazil’s inflation preview boosts local assets](https://feedsoft.ai/events/24892-surprise-in-brazil-s-inflation-preview-boosts-local-assets.md) | -0.1% | -1.6% |
| USDBRL | 2024-09-18 | [Brazil central bank raises rates by 25 bp, first hike in two years](https://feedsoft.ai/events/12467-brazil-central-bank-raises-rates-by-25-bp-first-hike-in-two-years.md) | -0.6% | +2.9% |
| USDBRL | 2017-04-17 | [EMERGING MARKETS-Brazil real jumps on central bank intervention](https://feedsoft.ai/events/71706-emerging-markets-brazil-real-jumps-on-central-bank-intervention.md) | +0.1% | -0.8% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-central-bank-sells-1-bln-surprise-fx-swap-auction-2021-10-13/

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