# Latin America’s Currencies Are Back From the Brink of Collapse - Bloomberg

> Latin American currencies including Brazil's real, Chile's peso and Colombia's peso are recovering in December after hitting record lows in November amid violent protests. The article suggests the worst of the currency selloff may be over.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/55825-latin-america-s-currencies-are-back-from-the-brink-of-collapse-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A firmer BRL makes Brazilian commodity exports less competitive in dollar terms, which can weigh on soy and corn export prices, while a stronger real reduces import costs for Brazilian feed ingredients.

## Read by commodity

- USDBRL: bearish ▼
- USDCOP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-07-29 | [Latin American Currencies Tumble Ahead Of Key Central Bank Decisions - Finimize](https://feedsoft.ai/events/29525-latin-american-currencies-tumble-ahead-of-key-central-bank-decisions-finimize.md) | +1.4% | -2.6% |
| USDBRL | 2023-09-18 | [Most Latin American currencies up ahead of central bank policy decisions](https://feedsoft.ai/events/34396-most-latin-american-currencies-up-ahead-of-central-bank-policy-decisions.md) | +0.9% | +3.9% |
| USDBRL | 2017-01-27 | [Latin American currencies strengthen after weak U.S. GDP data \| El Universal](https://feedsoft.ai/events/73184-latin-american-currencies-strengthen-after-weak-u-s-gdp-data-el-universal.md) | -2.0% | -2.4% |
| USDBRL | 2018-10-08 | [Brazil Stocks, Currency Surge as Bolsonaro Takes Commanding Lead - Bloomberg](https://feedsoft.ai/events/8763-brazil-stocks-currency-surge-as-bolsonaro-takes-commanding-lead-bloomberg.md) | -4.1% | -4.3% |
| USDBRL | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +2.6% | +1.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-12-05/latin-america-s-currencies-are-back-from-the-brink-of-collapse

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