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 grow1 again.
Brazil is a member of the BRICS group of emerging market economies.
About Brazil
GDP1
$1.91
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
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%
Available Currencies
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