# Brazil Exchange Rate January 2019 - FocusEconomics

> The Brazilian real strengthened to 3.71 per USD on 11 January, up 4.9% over the month and 15.4% year on year. The move was driven by optimism over President Bolsonaro's government and its plans for fiscal and pension reform, though the article notes risks around legislative passage.

- Date: 2019-01-11 · published 2019-01-11T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/61298-brazil-exchange-rate-january-2019-focuseconomics
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A firmer real raises the dollar cost of Brazilian soybeans, corn and meal, which can support offshore feed prices while also reducing Brazilian export competitiveness.

## Read by commodity

- SBM: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-04-08 | [Brazil Exchange Rate April 2022 - FocusEconomics](https://feedsoft.ai/events/42060-brazil-exchange-rate-april-2022-focuseconomics.md) | -1.2% | +6.0% |
| USDBRL | 2025-09-18 | [UBS BB cuts exchange rate forecasts, sees firmer real on US easing and Brazil’s rates](https://feedsoft.ai/events/23092-ubs-bb-cuts-exchange-rate-forecasts-sees-firmer-real-on-us-easing-and-brazil-s.md) | +0.2% | +2.4% |
| USDBRL | 2026-02-23 | [Exchange rate trend and its inflation impact](https://feedsoft.ai/events/20793-exchange-rate-trend-and-its-inflation-impact.md) | -0.9% | +2.0% |
| USDBRL | 2023-07-06 | [Brazil real to take near-term support from improving economic outlook](https://feedsoft.ai/events/35238-brazil-real-to-take-near-term-support-from-improving-economic-outlook.md) | -0.9% | -0.9% |
| USDBRL | 2025-11-06 | [Brazil's real strengthens following rate pause; Mexico's verdict in focus — TradingView News](https://feedsoft.ai/events/22160-brazil-s-real-strengthens-following-rate-pause-mexico-s-verdict-in-focus.md) | -1.3% | +1.0% |
| SBM | 2024-12-11 | [Exchange rate gap drops to 4%, a record low - Buenos Aires Herald](https://feedsoft.ai/events/27240-exchange-rate-gap-drops-to-4-a-record-low-buenos-aires-herald.md) | -0.6% | +1.2% |
| SBM | 2026-08-28 | [Exchange rate heats up to close August. Is Milei changing strategies? - Buenos Aires Herald](https://feedsoft.ai/events/18167-exchange-rate-heats-up-to-close-august-is-milei-changing-strategies-buenos.md) | +2.5% | +9.1% |
| SBM | 2019-06-27 | [Brazil's central bank slashes 2019 GDP growth forecast, sees benign inflation](https://feedsoft.ai/events/58795-brazil-s-central-bank-slashes-2019-gdp-growth-forecast-sees-benign-inflation.md) | -2.4% | -3.0% |

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/brazil/news/exchange-rate/real-surges-on-reform-optimism/

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