Brazilian reais estate fell 8.5% in August … Monthly maximum fall in three years
The value of the Brazilian reais is showing a wide range of fluctuations every day.
On Tuesday, the US dollar-to-dollar exchange rate fell 1.78 percent to US $ 4.072 a barrel which means that the value of equity has risen that much.
However, the value of reais estate fell 8.46% this month, the biggest month-on-month fall since September last year (-9.33%).
On the previous day, the value of the reais value fell to a record low in the aftermath of the economic uncertainty of the presidential election and the Argentine crisis, but ended at 4.146 per dollar after the central bank intervention showed signs of recovery.
The previous day’s rate was the highest since Jan. 21, 2016, after 4.166 hectares. In the Sao Paulo city exchange, the exchange rate was 4.4 to 4.6 per dollar.
The Central Bank of Brazil has provided some of its foreign exchange to the market for the defense of the day, as announced earlier. If the value of equity is stable, it is a condition for buying again.
Brazil’s holdings of foreign exchange are worth $ 308 billion, ranking the top 10 in the world.
On the other hand, Sao Paulo’s Bovaspa index ended 0.36% at 76,677 points.
The Bove Bros. Index was up 0.54% this week, but fell 3.21% in August.