# Brazil's real rises, with eyes on vaccination campaign

> Brazil's real gained 0.6% to 5.26 per dollar as the country began its COVID-19 vaccination campaign using the CoronaVac shot. Most other Latin American currencies were subdued against a stronger dollar. Rabobank forecast the real at 5.05 by end-2021.

- Date: 2021-01-18 · published 2021-01-18T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49386-brazil-s-real-rises-with-eyes-on-vaccination-campaign
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A firmer real lowers the local-currency cost of Brazilian exports, which can ease dollar-quoted soymeal and corn prices for buyers. The move is driven by vaccine news rather than a change in supply.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-10-08 | [Brazil's real, stocks rally on Bolsonaro win](https://feedsoft.ai/events/7665-brazil-s-real-stocks-rally-on-bolsonaro-win.md) | -4.1% | -4.3% |
| USDBRL | 2026-06-16 | [Goldman Sachs stays bullish on Brazil’s real despite election risks](https://feedsoft.ai/events/10643-goldman-sachs-stays-bullish-on-brazil-s-real-despite-election-risks.md) | +2.5% | +0.5% |
| USDBRL | 2021-11-08 | [Brazil's real dips on inflation woes, Chile's peso supported by copper \| Financial Post](https://feedsoft.ai/events/44258-brazil-s-real-dips-on-inflation-woes-chile-s-peso-supported-by-copper-financial.md) | -1.4% | +1.7% |
| USDBRL | 2020-06-29 | [Brazilian Real Strengthens on EM Risk Appetite, Falling COVID-19 Cases](https://feedsoft.ai/events/52813-brazilian-real-strengthens-on-em-risk-appetite-falling-covid-19-cases.md) | -2.8% | -5.2% |
| USDBRL | 2022-05-03 | [Barclays Sees Sharp Rally in Brazil’s Real on Rate Hikes](https://feedsoft.ai/events/41607-barclays-sees-sharp-rally-in-brazil-s-real-on-rate-hikes.md) | +1.9% | -6.0% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam/emerging-markets-brazils-real-rises-with-eyes-on-vaccination-campaign-idUSL1N2JT1I0/

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