# Brazil's real outperforms Latam peers - Markets - Business Recorder

> Brazil's real rose 0.1% on Monday after central bank intervention, as it outperformed most Latin American currencies. The central bank will hold extra twice-weekly currency swap auctions starting September 27 to meet banks' demand from unwinding hedges. The real is down about 3% so far this year amid political uncertainty ahead of next year's elections.

- Date: 2021-09-27 · published 2021-09-27T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/45286-brazil-s-real-outperforms-latam-peers-markets-business-recorder
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Central bank swap auctions are supporting the real and smoothing currency moves, which lowers near-term import and export price swings for Brazilian commodities. Political risk remains a source of volatility.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-01-20 | [Brazil's real rises ahead of c.bank meeting, rest of Latam trails - Markets - Business Recorder](https://feedsoft.ai/events/49388-brazil-s-real-rises-ahead-of-c-bank-meeting-rest-of-latam-trails-markets.md) | +1.5% | +2.0% |
| USDBRL | 2021-06-22 | [Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder](https://feedsoft.ai/events/46795-brazil-s-real-bucks-latam-gloom-on-hawkish-central-bank-minutes-markets.md) | -1.7% | +3.7% |
| USDBRL | 2021-10-27 | [Brazil's real gains as bets rise for large rate hike - Markets - Business Recorder](https://feedsoft.ai/events/44785-brazil-s-real-gains-as-bets-rise-for-large-rate-hike-markets-business-recorder.md) | +1.7% | +0.2% |
| USDBRL | 2021-10-15 | [Peru's sol star Latam performer this week, Chile's peso drops - Markets - Business Recorder](https://feedsoft.ai/events/44842-peru-s-sol-star-latam-performer-this-week-chile-s-peso-drops-markets-business.md) | +2.6% | -1.3% |
| USDBRL | 2021-03-19 | [Brazil's real rallies, eyes longest winning streak since Nov - Markets - Business Recorder](https://feedsoft.ai/events/48308-brazil-s-real-rallies-eyes-longest-winning-streak-since-nov-markets-business.md) | +1.8% | +1.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40122935

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