Hi all, here's the latest list of the monthly average USD-BRL exchange rate for 2017. It gives a glimpse of how BDR might be faring in Q4 with the ongoing and vexed USD-BRL exchange loss.
In reviewing the monthly trend in the list, it seems like BDR may be enjoying the best exchange rates for the FY in this qtr. About time.
(Source: http://www.x-rates.com/average/?from=USD&to=BRL&amount=1&year=2017)
- Q1
- Jan 3.200504 – 31 days
- Feb 3.106244 – 28 days
- Mar 3.198489 – 31 days
- Q2
- Apr 3.140186 – 30 days
- May 3.203891 – 31 days
- Jun 3.293136 – 30 days
- Q3
- Jul 3.209531 – 31 days
- Aug 3.153681 – 31 days
- Sep 3.130287 – 30 days
- Q4
- Oct 3.186840 – 31 days
- Nov 3.263253 – 30 days
- Dec 3.263871 – 11 days (NB: at time of posting on HC, the published rate for 12 Dec is 3.3038 - per Bloomberg Markets)
I'm doubt that anyone can predict with much accuracy the long-term USD-BRL exchange rates. But the Economy Forecast Agency believes otherwise. For the curious amongst us, here's their forecast for 2018. Looking good too.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Month Open Low-High Close Mo,% Total,% 1 2017 2 Dec[/B] 3.272 3.220-3.401 3.351 2.4% 2.4% 3 2018 4 Jan[/B] 3.351 3.347-3.449 3.398 1.4% 3.9% 5 Feb 3.398 3.349-3.451 3.400 0.1% 3.9% 6 Mar 3.400 3.400-3.555 3.502 3.0% 7.0% 7 Apr 3.502 3.466-3.572 3.519 0.5% 7.5% 8 May 3.519 3.490-3.596 3.543 0.7% 8.3% 9 Jun 3.543 3.385-3.543 3.437 -3.0% 5.0% 10 Jul 3.437 3.437-3.575 3.522 2.5% 7.6% 11 Aug 3.522 3.522-3.637 3.583 1.7% 9.5% 12 Sep 3.583 3.583-3.695 3.640 1.6% 11.2% 13 Oct 3.640 3.600-3.710 3.655 0.4% 11.7% 14 Nov 3.655 3.552-3.660 3.606 -1.3% 10.2% 15 Dec 3.606 3.446-3.606 3.498 -3.0% 6.9%
(Source: https://longforecast.com/brazilian-real-forecast-2017-2018-2019-2020-2021-usd-brl)
Cheers, R.
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