# Market estimate for year-end 2026 dollar rises from R$5.05 to R$5.34 in central bank Focus

> The median market forecast for the dollar at end-2026 in the central bank's Focus survey rose from R$5.05 to R$5.34. Forecasts for end-2027, 2028 and 2029 also increased. It is the first Focus report with responses collected after Lula's reelection.

- Date: 2026-11-03 · published 2026-11-03T15:10:22.110Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/77876-market-estimate-for-year-end-2026-dollar-rises-from-r-5-05-to-r-5-34-in-central
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher expected dollar levels raise the Brazilian currency cost of imported feed ingredients and other inputs, which can feed into local feed prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-11-19 | [Dollar rises in the Brazilian market following international movement \| Brasil 247](https://feedsoft.ai/events/22163-dollar-rises-in-the-brazilian-market-following-international-movement-brasil-247.md) | +1.3% | +3.8% |
| USDBRL | 2020-03-18 | [Brazil central bank FX, bond intervention fails to prevent market rout](https://feedsoft.ai/events/6393-brazil-central-bank-fx-bond-intervention-fails-to-prevent-market-rout.md) | +1.1% | +3.8% |
| USDBRL | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +4.1% | +15.5% |
| USDBRL | 2024-08-30 | [Spot dollar closes higher for the 5th session despite interventions by the Central Bank \| Brasil 247](https://feedsoft.ai/events/29018-spot-dollar-closes-higher-for-the-5th-session-despite-interventions-by-the.md) | -0.8% | -3.6% |
| USDBRL | 2019-09-30 | [USD/BRL: Year end forecast raised by 10-cents to 3.90 - Rabobank - Forex Crunch](https://feedsoft.ai/events/57288-usd-brl-year-end-forecast-raised-by-10-cents-to-3-90-rabobank-forex-crunch.md) | -2.3% | -4.3% |

## Sources

- economia.uol.com.br: https://economia.uol.com.br/noticias/estadao-conteudo/2026/11/03/estimativa-para-o-dolar-no-fim-de-2026-passa-de-r-505-para-r-534-no-focus-do-bc.htm
- broadcast.com.br: https://www.broadcast.com.br/ultimas-noticias/focus-dolar-no-fim-de-2026-passa-de-r-505-para-r-534-e-vai-a-r-540-em-2027/

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