# Brazil real to strengthen 'much more', says economy minister | Reuters

> Brazil's Economy Minister Paulo Guedes said the real is at a more favorable level and is likely to strengthen much further. The currency hit a one-year high of 4.9386 per dollar on Wednesday, June 23.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/46793-brazil-real-to-strengthen-much-more-says-economy-minister-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real makes Brazilian exports such as soybeans, corn and meal more expensive in dollar terms, which can weigh on Brazilian sales and support US competitiveness. Currency moves are a secondary driver for feed prices here.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-09-18 | [Brazilian Real Strengthens to Over 1-Year High](https://feedsoft.ai/events/23089-brazilian-real-strengthens-to-over-1-year-high.md) | +0.2% | +2.4% |
| USDBRL | 2019-01-29 | [Brazilian real likely to strengthen further \| Lombard Odier](https://feedsoft.ai/events/61297-brazilian-real-likely-to-strengthen-further-lombard-odier.md) | -2.5% | -0.7% |
| USDBRL | 2025-01-09 | [Brazil's real seen more stable; to trade close to 6 per U.S. dollar at end-2025: Reuters poll](https://feedsoft.ai/events/26709-brazil-s-real-seen-more-stable-to-trade-close-to-6-per-u-s-dollar-at-end-2025.md) | -1.3% | -5.8% |
| USDBRL | 2016-12-29 | [Brazil's real strengthens 21.5 pct in 2016, the most in 7 years](https://feedsoft.ai/events/73672-brazil-s-real-strengthens-21-5-pct-in-2016-the-most-in-7-years.md) | -2.4% | -5.1% |
| USDBRL | 2025-12-03 | [Brazilian Real Strengthens for 2nd Session](https://feedsoft.ai/events/8058-brazilian-real-strengthens-for-2nd-session.md) | +1.8% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-real-strengthen-much-more-says-economy-minister-2021-06-23/

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