# USD/BRL to end the year at 5.10 as the real shows its strength – MUFG — Octa

> MUFG expects the Brazilian real to keep appreciating near term after it rose from 5.2212 to 5.0131 per dollar in June, with USD/BRL forecast to end 2021 at 5.10. Brazil's Central Bank has raised the Selic rate by 225 bps this year and is expected to lift it further to a neutral 6.50%.

- Date: 2021-07-05 · published 2021-07-05T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9909-usd-brl-to-end-the-year-at-5-10-as-the-real-shows-its-strength-mufg-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A forecast stronger real and higher domestic rates make Brazilian export sellers less eager to sell dollar-priced commodities, which can tighten export supply and support prices.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-09-18 | [Brazilian Real Strengthens to Over 1-Year High](https://feedsoft.ai/events/23089-brazilian-real-strengthens-to-over-1-year-high.md) | +0.2% | +2.4% |
| USDBRL | 2019-07-05 | [USD/BRL: Projected at 3.70 by year-end - Rabobank — Octa](https://feedsoft.ai/events/58291-usd-brl-projected-at-3-70-by-year-end-rabobank-octa.md) | -2.2% | -0.1% |
| USDBRL | 2016-12-29 | [Brazil's real strengthens 21.5 pct in 2016, the most in 7 years](https://feedsoft.ai/events/73672-brazil-s-real-strengthens-21-5-pct-in-2016-the-most-in-7-years.md) | -2.4% | -5.1% |
| USDBRL | 2021-07-12 | [USD/BRL: Real should continue to find demand this summer – ING — Octa](https://feedsoft.ai/events/46263-usd-brl-real-should-continue-to-find-demand-this-summer-ing-octa.md) | -3.2% | -0.7% |
| USDBRL | 2020-12-09 | [USD/BRL to extend the decline to 5.00 – Credit Suisse — Octa](https://feedsoft.ai/events/49855-usd-brl-to-extend-the-decline-to-5-00-credit-suisse-octa.md) | +0.6% | +6.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/910981/

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