Brasília – The flow of dollars in Brazil recorded a net surplus of US$ 2.114 billion last month, according to figures disclosed today (7th) by the Central Bank of Brazil. The result led the foreign exchange surplus in the first quarter to total US$ 2.790 billion, taking into consideration the US$ 399 million deficit posted in February.
The foreign exchange surplus recorded last month was a result of good performance in foreign exchange contracts, which ran a surplus of US$ 2.394 billion, and countered the US$ 2.285 billion deficit of the previous month.
On the other hand, the financial flow, which had not posted a deficit since April last year, remained negative at US$ 280 million, as a result of a US$ 28.109 billion outflow and a US$ 27.829 billion inflow.
The Central Bank issues a bulletin on the flow of exchange every Wednesday, concerning the previous Wednesday. Last Wednesday was the 1st of April, therefore the bulletin issued today informs that on the first working day this month, the flow of exchange recorded a US$ 2 million surplus.
The flow of exchange for the year-to-date period ended April 1st totals a US$ 2.792 billion surplus, as against a US$ 2.994 billion deficit in the same period of last year.
The Central Bank has also informed that spot market dollar purchases totalled US$ 2.891 billion in March, and US$ 4.950 billion in the first quarter. As a result, Brazilian foreign exchange reserves totalled US$ 243.953 billion by the end of March.
*Translated by Gabriel Pomerancblum
