# Brazil Exchange Rate February 2020 - FocusEconomics

> The real hit an all-time low of 4.36 per dollar on February 12 and ended February 14 at 4.30, down 13.4% year-to-date. The central bank intervened by selling $1 billion in FX swaps on February 13 after the Selic rate was cut to a record low, and the outbreak of coronavirus in China has also weighed on emerging market currencies and commodity prices.

- Date: 2020-02-17 · published 2020-02-17T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/54782-brazil-exchange-rate-february-2020-focuseconomics
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Currency weakness lowers the dollar cost of Brazilian soybean and corn exports, which can cap global prices, while coronavirus-driven demand concerns from China add downward pressure on commodities.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- 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 | 2020-07-13 | [Brazil Exchange Rate July 2020 - FocusEconomics](https://feedsoft.ai/events/52315-brazil-exchange-rate-july-2020-focuseconomics.md) | +0.3% | +1.9% |
| USDBRL | 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% |
| SOY | 2021-02-22 | [US money markets bringing forward Fed rate hike bets to end-2022 - Markets - Business Recorder](https://feedsoft.ai/events/48546-us-money-markets-bringing-forward-fed-rate-hike-bets-to-end-2022-markets.md) | +2.0% | +2.8% |
| SOY | 2024-02-05 | [Soybeans, Wheat and Corn Pushed Down by Strong Dollar \| February 5, 2024](https://feedsoft.ai/events/7197-soybeans-wheat-and-corn-pushed-down-by-strong-dollar-february-5-2024.md) | -0.4% | -3.5% |
| SOY | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | -3.4% | -4.0% |

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/brazil/news/exchange-rate/real-plunges-to-new-record-low-in-february-0/

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