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Brazilian Real At 1-Year High

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June 22

Brazilian real reached  new highs and was at 1-year high. USD/BRL crossed below 5 reals in addition to that. Moreover, considering just recently it was at a different range, the rebound is looking impressive. Few weeks ago the rate was at 6-month high. At one point USD/BRL was attaining about 6 level. See more at our Twitter and in a graph below. Food production is expected to be affected too including in the trade area. One of the largest companies JBS S.A. with more than $10s billions in sales worldwide is known to have sales worldwide. The goods will become more expensive if the current rate remains when sold outside of Brazil.   

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