# Brazil contains the value of its currency with a US$ 1.5 billion support — MercoPress

> Brazil's central bank intervened on August 30, 2018, with US$1.5 billion in support after the real weakened to 4.21 per US dollar, and the currency closed at 4.14. The bank also said it would intervene with US$2.15 billion on Friday to roll over short-term debt. The move came amid Argentina's currency crisis, Turkish lira weakness and uncertainty ahead of Brazil's October presidential election.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/63749-brazil-contains-the-value-of-its-currency-with-a-us-1-5-billion-support
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Heavier central bank intervention and emerging-market contagion can keep the real volatile, which affects the cost of Brazilian soy, corn and meal in dollar terms. A stronger real would tend to firm Brazilian export offers, while continued weakness supports Brazilian farmer selling.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-09-28 | [Brazilian currency strengthens below 4 to the dollar: first time in five weeks — MercoPress](https://feedsoft.ai/events/63259-brazilian-currency-strengthens-below-4-to-the-dollar-first-time-in-five-weeks.md) | -1.8% | -8.2% |
| USDBRL | 2018-06-29 | [Brazil's currency and stock market recover on Thursday, helped by opinion poll — MercoPress](https://feedsoft.ai/events/64737-brazil-s-currency-and-stock-market-recover-on-thursday-helped-by-opinion-poll.md) | +1.3% | -3.7% |
| USDBRL | 2020-11-26 | [Brazilian Real is the most undervalued EM currency - IIF - Forex Crunch](https://feedsoft.ai/events/50343-brazilian-real-is-the-most-undervalued-em-currency-iif-forex-crunch.md) | -3.0% | -2.9% |
| USDBRL | 2026-03-26 | [Brazil real expected to strengthen as commodities and carry support currency outlook - BofA By Investing.com](https://feedsoft.ai/events/20383-brazil-real-expected-to-strengthen-as-commodities-and-carry-support-currency.md) | -1.3% | -4.8% |
| USDBRL | 2026-08-27 | [Brazilian Real: Rate cuts may support BRL against US Dollar - Societe Generale](https://feedsoft.ai/events/18105-brazilian-real-rate-cuts-may-support-brl-against-us-dollar-societe-generale.md) | -1.1% | +0.6% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/08/31/brazil-contains-the-value-of-its-currency-with-a-us-1.5-billion-support

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