# USD/BRL: Brazilian real set to depreciate modestly versus the dollar over the next year – Capital Economics — Octa

> Capital Economics expects the Brazilian real to depreciate modestly against the dollar, forecasting a move from about 5.45 per dollar to 5.75 by end-2022. The view follows Petrobras' CEO removal after a dispute over unpopular gas price hikes, which analysts see as a sign of political pressure on fiscal policy.

- Date: 2021-02-23 · published 2021-02-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/48849-usd-brl-brazilian-real-set-to-depreciate-modestly-versus-the-dollar-over-the
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Weaker real makes Brazilian-origin feed ingredients and soy cheaper in dollar terms, which can pressure Brazilian export prices and support South American competitiveness versus US supplies.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -3.9% | -2.0% |
| USDBRL | 2022-06-21 | [Further Weakening Of Brazilian Real!? FX Forecasts: USD To BRL, USD To MXN & USD/CLP \| ING Economics \| FXMAG.COM](https://feedsoft.ai/events/41150-further-weakening-of-brazilian-real-fx-forecasts-usd-to-brl-usd-to-mxn-and-usd.md) | +1.3% | +4.9% |
| USDBRL | 2020-02-12 | [Brazilian real's new low vs dollar brings year-to-date loss to almost 8% By Reuters](https://feedsoft.ai/events/54781-brazilian-real-s-new-low-vs-dollar-brings-year-to-date-loss-to-almost-8-by.md) | +0.7% | +8.1% |
| USDBRL | 2016-11-10 | [USD/BRL: Brazilian real tumbles to lowest since June — Octa](https://feedsoft.ai/events/5468-usd-brl-brazilian-real-tumbles-to-lowest-since-june-octa.md) | +6.1% | +4.5% |
| USDBRL | 2024-11-29 | [What is happening to BRL as the Brazilian Real collapses against the US Dollar](https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar.md) | +1.7% | +5.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/884514/

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