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    FX rate: dollar dropped 3.16% in July

    Despite the appreciation of the last few days, the North American currency dropped in price in the month.

    From the NewsroomBy Updated:1 Min Read
    A month of vacation, tourism dollar reaches R $ 4.06 in the exchange offices. In prepaid cards, the value of the American currency reaches R $ 4.25. Less than a month for school holidays, the tourism dollar sold at the exchange offices reaches R $ 4.06 for cash purchases and R $ 4.25 for prepaid cards. On Tuesday 5th June 2018, the commercial dollar rose 1.81% and closed at R $ 3,812, the highest level in more than two years. The currency continued to rise over on 6th June 2018 and reached R $ 3.84. (Photo by Cris Faga/NurPhoto)

    São Paulo – The dollar ended this Tuesday (31) going up 0.66% to BRL 3.75, after an appreciation of 0.33% the day before. The North American currency ended July with a devaluation of 3.16% in the month, which hadn’t occurred since January, when it dropped 4.05%. Year-to-date, however, the dollar has gone up 13.29%.

    Ibovespa, the main index of the São Paulo Stock Exchange (Bovespa) slid 1.31% this Tuesday to 79,220 points. In July, the stock market has gone up 9%.

    The drop in the last trading day was caused by the shares of large companies, with Itaú going down 3.98%, Bradesco declining 2.28% and Petrobras falling 0.9%.

    Translated by Sérgio Kakitani

    Cris Faga/NurPhoto/AFP

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