Expenditure during international trips reached only USD 5.2 billion in 2021, nearly half pre-pandemic levels.
Browsing: dollar
Ebury started operating with a team in Brazil five months ago, and it works with specialty solutions for small- and medium-sized enterprises. Its operations include invoices from foreign clients and customized foreign exchange rate risk management strategies.
A barrel is going for roughly USD 70, benefiting oil producing and exporting countries. However, Brazil, another producer, is still struggling under the impact of a strong dollar.
Foreign investment by Brazilian individuals and businesses exceeded USD 500 billion for the first time ever last year.
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The Brazilian institution established a USD 60 billion swap line with Fed to increase the supply of the US currency in Brazil.
US currency was up 0.4% this Tuesday and closed at its highest value since December 2nd.
US currency ended this Thursday at BRL 4.19, up 0.15% day on day.
Exchange flow stood negative at almost USD 45 billion last year, breaking the record from 1999.
Expenditure during international trips was up 2.44% year-on-year to USD 1.5 billion.
US dollar outflows exceeded inflows in Brazil by USD 1.6 billion last month, according to the Central Bank.
Financial market revised down for the ninth time in a row their projections for Brazilian economy growth in 2019.
Brazilian monetary authority will sell USD 3 billion from Brazilian international reserves. Goal is to restrain dollar hike.
With the dollar appreciation, Brazilian expenses in international travels dropped by 7.33% in February, down to USD 1.3 billion.
