# Brazil Exchange Rate July 2020 - FocusEconomics

> The Brazilian real weakened over recent weeks after the central bank cut the Selic rate to a record low of 2.25% and hinted at more cuts. The real was down about 6.6% over the prior month, with COVID-19 concerns and President Bolsonaro's positive test adding pressure.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/52315-brazil-exchange-rate-july-2020-focuseconomics
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real lowers Brazilian export costs for soybeans, corn and meal, which can cap US export competitiveness and pressure feed prices. Continued fiscal and political risk keeps downside pressure on the currency.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-05-15 | [Brazil Exchange Rate May 2020 - FocusEconomics](https://feedsoft.ai/events/53337-brazil-exchange-rate-may-2020-focuseconomics.md) | -5.4% | -15.1% |
| USDBRL | 2020-02-17 | [Brazil Exchange Rate February 2020 - FocusEconomics](https://feedsoft.ai/events/54782-brazil-exchange-rate-february-2020-focuseconomics.md) | +1.8% | +15.6% |
| USDBRL | 2019-12-02 | [Brazil Exchange Rate November 2019 - FocusEconomics](https://feedsoft.ai/events/55777-brazil-exchange-rate-november-2019-focuseconomics.md) | -1.2% | -5.0% |
| USDBRL | 2024-05-28 | [Exchange Rate Fluctuations Highlight Brazilian Economic Vulnerability \| CZ app](https://feedsoft.ai/events/30479-exchange-rate-fluctuations-highlight-brazilian-economic-vulnerability-cz-app.md) | +1.7% | +5.6% |
| USDBRL | 2022-06-14 | [Analysis: Exchange rate unlikely to mean trouble for Brazil’s Central Bank](https://feedsoft.ai/events/11313-analysis-exchange-rate-unlikely-to-mean-trouble-for-brazil-s-central-bank.md) | +0.7% | +5.4% |

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/brazil/news/exchange-rate/real-loses-some-of-its-earlier-gains-in-july/

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