Brasília – In a year of severe exchange volatility, dollar outflow from Brazil surpassed inflow by USD 44.77 billion in 2019, the Central Bank reported this Wednesday (8). This is the highest foreign currency outflow since the beginning of the historical series in 1982.
The previous outflow record-high was posted in 1999, when the exchange flow was negative at USD 16.18 billion. In that year, Brazil had abandoned the exchange band policies and allowed for the dollar fluctuation, which made it surpass the BRL 2.00 barrier for the first time ever.
In 2019, trade flow stood positive at USD 17.47 billion. The financial flow, however, stood at a USD 62.24 billion. On the stock exchange only, the outflow by foreign investors reached USD 44.5 billion last year, the highest since the beginning of the historical series of São Paulo Stock Exchange (Bovespa) in 2004.
Translated by Guilherme Miranda
