Brazil ramps up FX interventions to defend real

Roberto Campos Neto
Photo: Raphael Ribeiro/Central Bank of Brazil

The Central Bank of Brazil has sharply increased its foreign exchange interventions to prevent the real from sliding further against the US dollar.

On March 2, the central bank sold $2.1 billion in the spot FX market as the real hit a three-month low against the US dollar. Since February 25, total foreign currency sales have climbed over $5 billion.

The currency is one of the worst-performing emerging currencies in 2021 so far. Since February 22, it has depreciated by 6.1% against the dollar

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: