# XP lifts real forecast to 5.30 per dollar for 2026

> Brazilian investment firm XP raised its year-end 2026 dollar/real forecast to R$5.30 from R$5.00, and its end-2027 forecast to R$5.50 from R$5.30. The firm cited rising domestic risk perception and modeled outcomes ranging from R$5.20 if fiscal credibility improves to R$5.70 if fiscal risk increases.

- Date: 2026-11-05 · published 2026-11-06T09:09:40.311Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/83669-xp-lifts-real-forecast-to-5-30-per-dollar-for-2026
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real would make imported feed ingredients and other dollar-priced inputs more expensive in Brazil, while improving the competitiveness of Brazilian exports. This is a currency forecast rather than a new commodity supply or demand event.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-01-23 | [Brazil's real weakens past 5.00 per dollar for 1st time since November](https://feedsoft.ai/events/32323-brazil-s-real-weakens-past-5-00-per-dollar-for-1st-time-since-november.md) | -0.8% | -1.0% |
| USDBRL | 2022-04-28 | [Brazil real hit by surging dollar, focus shifts to earnings \| Financial Post](https://feedsoft.ai/events/6865-brazil-real-hit-by-surging-dollar-focus-shifts-to-earnings-financial-post.md) | -0.2% | -3.1% |
| USDBRL | 2019-06-27 | [Brazilian real falls on economy worries, dollar lifts other Latam forex - Pension Policy International](https://feedsoft.ai/events/58796-brazilian-real-falls-on-economy-worries-dollar-lifts-other-latam-forex-pension.md) | +0.2% | -1.2% |
| USDBRL | 2021-01-22 | [Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets - Business Recorder](https://feedsoft.ai/events/49387-latam-fx-falls-as-dollar-rises-brazil-real-lags-peers-for-the-week-markets.md) | +0.4% | +0.3% |
| USDBRL | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | +7.6% | — |

## Sources

- macroherald.com: https://www.macroherald.com/xp-lifts-real-forecast-to-5-30-per-dollar-for-2026/

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