# Spending by Brazilians abroad down 21% - ANBA News Agency

> Brazil's Central Bank reports that spending by Brazilians abroad fell 20.8% year on year to $1.382 billion in August. The decline reflects a 24.8% rise in the average dollar rate, to BRL 3.93, and spending by foreigners in Brazil rose 5.9%.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/63263-spending-by-brazilians-abroad-down-21-anba-news-agency
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

This is a currency-driven shift in consumer spending and does not directly change feed, grain or meat supply or demand. It has little effect on commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-05-24 | [Dollar hike to affect international spending by Brazilians - ANBA News Agency](https://feedsoft.ai/events/65230-dollar-hike-to-affect-international-spending-by-brazilians-anba-news-agency.md) | +2.3% | +4.3% |
| USDBRL | 2018-08-13 | [Turkish crisis drives up dollar in Brazil - ANBA News Agency](https://feedsoft.ai/events/9469-turkish-crisis-drives-up-dollar-in-brazil-anba-news-agency.md) | +2.2% | +6.6% |
| USDBRL | 2018-06-06 | [Brazilian currency drops against the US dollar \| AP News](https://feedsoft.ai/events/5378-brazilian-currency-drops-against-the-us-dollar-ap-news.md) | -2.7% | +2.7% |
| USDBRL | 2024-06-25 | [Lula’s spending plans turn heat on Brazilian markets](https://feedsoft.ai/events/29989-lula-s-spending-plans-turn-heat-on-brazilian-markets.md) | +3.4% | +3.1% |
| USDBRL | 2018-06-14 | [Dollar sees sharpest spike in 13 months - ANBA News Agency](https://feedsoft.ai/events/64741-dollar-sees-sharpest-spike-in-13-months-anba-news-agency.md) | +0.6% | +3.7% |

## Sources

- anba.com.br: https://anba.com.br/en/spending-by-brazilians-abroad-down-21/

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