# Brazil Exchange Rate May 2020 - FocusEconomics

> The Brazilian real hit a record low of 5.89 per US dollar on May 12, 2020, and traded at 5.86 on May 15, a 10.6% depreciation over the previous month. Coronavirus cases are rising, the central bank cut the Selic rate to 3.00%, and political tensions are adding to capital outflows.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/53337-brazil-exchange-rate-may-2020-focuseconomics
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real lowers the dollar cost of Brazilian soybeans, corn and meal, which tends to support Brazilian export flows and pressure world prices. Analysts expect the currency to stay weak because feeble global demand for Brazilian commodities is also weighing on it.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-07-13 | [Brazil Exchange Rate July 2020 - FocusEconomics](https://feedsoft.ai/events/52315-brazil-exchange-rate-july-2020-focuseconomics.md) | +0.3% | +1.9% |
| 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-hits-fresh-record-low-amid-rising-covid-19-cases-and/

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