São Paulo – After five months in which US dollar outflows exceeded inflows, Brazil went back to a foreign exchange surplus in November. According to results for last month released this Wednesday (4th) by the Central Bank, the surplus was US$ 2.54 billion.
Despite the improvement from the past five months, the country is still running a year-to-date deficit. According to the Central Bank, from January to November Brazil posted a US$ 3.481 billion deficit. In the same period of 2012, there was a US$ 23.5 billion surplus.
In November this year, there was a US$ 1.697 billion deficit in financial operations. This indicator comprises investment in bonds, remittances of profits and dividends to foreign countries, and foreign direct investment. Export- and import-related currency exchange operations recorded a US$ 4.237 billion surplus. The final result is the sum of these two indicators.
Year-to-date, financial operations netted a deficit of US$ 16.498 billion and trade operations had a US$ 13.017 billion surplus. According to Central Bank figures, Brazil holds US$ 362.41 billion in foreign exchange reserves.
*Translated by Gabriel Pomerancblum
