São Paulo – The flow of foreign exchange showed a US$ 1.61 billion surplus in January, according to results released this Wednesday (5th) by the Brazilian Central Bank. Out of the total amount, US$ 1.59 billion concerned trade-related operations, i.e. exports and imports. Another US$ 19 million consisted of financial operations, i.e. foreign direct investment, loans, investment and profits and dividends remittances.
The Brazilian foreign exchange flow was negative early in the month, but changed gears in the second half of January, with a US$ 2.89 billion surplus in the third week and a US$ 608 million surplus from the 27th to the 31st.
In December 2013, the Brazilian forex flow ran an US$ 8.78 billion deficit. In the whole of last year, outflows stood at US$12.26 billion, the highest since 2002, as reported by Agência Brasil.
*Translated by Gabriel Pomerancblum
