Brasília – The sum of outgoing and incoming dollars in Brazil, aka foreign exchange flow, was negative by US$ 639 million from May 1st to 11th, the Central Bank announced this Wednesday (16). The result in the eight working days comprised in the period was mostly due to investment in bonds, stock, remittances of profits and dividends to foreign countries, and other financial operations, whose combined result showed a US$ 2.402 billion deficit. Export and import operations, aka balance of trade, showed a US$ 1.763 billion surplus.
Year-to-date as of May 11th, the foreign exchange flow posted a surplus of US$ 24.677 billion, as against US$ 44,216 billion in the same period of 2011. Preliminary figures for this year also show that investment in bonds, stock, remittances of profits and dividends to foreign countries, and other financial operations ran a combined surplus of US$ 5.454 billion, and the trade balance ran a US$ 19.223 billion surplus.
The Central Bank figures also show that spot market dollar purchases have caused Brazilian foreign exchange reserves to increase by US$ 63 million in May. Said increase took place only on the May2nd.
*Translated by Gabriel Pomerancblum
