# No, Brazil's Currency Is Not Going To R$5 If Pension Reform Fails

> The Brazilian real fell about 3.2% on Wednesday to R$3.99 per dollar, its weakest level of the year. The Brazilian equity market dropped 5.62% after five months of outperformance. The sell-off is attributed to profit taking and weakening investor confidence in Bolsonaro's economic reforms, especially pensions.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/60306-no-brazil-s-currency-is-not-going-to-r-5-if-pension-reform-fails
- 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

A sharp real decline lowers the cost of Brazilian grain and meal exports, which can weigh on world soy and corn prices. The article argues the currency is unlikely to collapse further, so the pressure may be moderate.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-12-19 | [Why Brazil’s currency is plunging](https://feedsoft.ai/events/27149-why-brazil-s-currency-is-plunging.md) | -0.5% | -2.5% |
| USDBRL | 2018-06-06 | [Brazil currency skids as election woes add to pessimism](https://feedsoft.ai/events/5376-brazil-currency-skids-as-election-woes-add-to-pessimism.md) | -2.7% | +2.7% |
| USDBRL | 2024-12-16 | [Brazil currency hits record low amid ongoing fiscal woes](https://feedsoft.ai/events/27145-brazil-currency-hits-record-low-amid-ongoing-fiscal-woes.md) | +0.3% | -0.2% |
| USDBRL | 2025-11-06 | [Brazil's currency to remain strong despite brewing political doubts — TradingView News](https://feedsoft.ai/events/22158-brazil-s-currency-to-remain-strong-despite-brewing-political-doubts-tradingview.md) | -1.3% | +1.0% |
| USDBRL | 2019-02-19 | [Latam FX weak, Brazil's real drops ahead of pension reform plans - Pension Policy International](https://feedsoft.ai/events/60781-latam-fx-weak-brazil-s-real-drops-ahead-of-pension-reform-plans-pension-policy.md) | +1.4% | +1.5% |
| SOY | 2019-06-11 | [Why ‘cracking seven’ is a big deal for China’s currency](https://feedsoft.ai/events/58820-why-cracking-seven-is-a-big-deal-for-china-s-currency.md) | +6.3% | +2.8% |
| SOY | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | -2.8% | -4.2% |
| SOY | 2020-03-19 | [Cash is king as emergency stimulus fails to stop market panic](https://feedsoft.ai/events/6272-cash-is-king-as-emergency-stimulus-fails-to-stop-market-panic.md) | +6.8% | +1.4% |

## Sources

- forbes.com: https://www.forbes.com/sites/kenrapoza/2019/03/28/no-brazils-currency-is-not-going-to-r5/

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