Brazillian Currency

by Robin Brooks

"Since COVID began, the closest we got to our Brazil fair value was on Jun 24, 2021, when $/BRL fell to 4.90, i.e. within 10% of our 4.50 fair value. But then excessive pessimism took over, which is now finally fading. Brazil's Real remains by far the most undervalued EM currency."

Since COVID began, the closest we got to our Brazil fair value was on Jun 24, 2021, when $/BRL fell to 4.90, i.e. within 10% of our 4.50 fair value. But then excessive pessimism took over, which is now finally fading. Brazil's Real remains by far the most undervalued EM currency. pic.twitter.com/QSZptjCZ5w

— Robin Brooks (@RobinBrooksIIF) February 17, 2022

Related Datasets

Monetary - Brazil - BCB - Exchange Rates