Brazilian Real
Brazil is a steady exporter of metals, commodities and energy. It is the fifth-largest country in the world and has the fourth-youngest population of the countries whose currencies we offer.
Since 2010, Brazil’s GDP has been weak, as the country has struggled with inflation. This weakened its currency, the Brazilian real (BRL). Brazil has the fourth-lowest GDP per capita1 of the G20 countries.
In recent years, the Central Bank of Brazil has raised interest rates (called the Selic rate) to double-digit levels. Prices continue to rise today but at a slower pace as the GDP begins to grow10 again.
Brazil is a member of the BRICS group of emerging market economies.
About Brazil
GDP10
$2.18
Trillion
USD
Major Exports2
Iron Ore
Soybeans
Crude Oil
Major Export Partners2
U.S.
China
Argentina
Budget Deficit3
-4.5%
Trade Flows4
$73
Billion
USD
Pros and Cons of the Brazilian Real
- Exposure to a major emerging markets5
- Beneficiary of commodity booms6
- Higher interest rate environment7
- High-volatility emerging market8
- Inflation vulnerability9
- Emerging market risk premium8
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.imf.org/en/Countries/BRA
6. https://oec.world/en/profile/country/bra
7. https://www.bcb.gov.br/en/monetarypolicy
8. https://www.bis.org/statistics/rpfx22_fx.htm
9. https://fred.stlouisfed.org/series/FPCPITOTLZGBRA
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
How to Buy the Brazilian Real
Currency CD
Term
APY
3 Month
10.65%
6 Month
10.65%
9 Month
10.65%
12 Month
10.65%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
Need Support?
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