Economy

Brazil's currency is the worst-performing one of 2020, says Valor

Brazilian currency lost nearly 40% against the dollar since January and it is the worst-performing one, ahead of Turkish Lira and Russian Ruble

a dollar bill with a real coin upfront — Photo: Shutterstock

LABS

02.Oct.2020 10:18 BRT

The latest Focus survey indicates a dollar at BRL 5.25 at the end of 2020;
Even with a weaker dollar, Brazil lost the chance to gain ground.

Among the 33 most traded currencies in the world, the Brazilian real (BRL) was among the eight that lost the chance to ride the wave of a weaker dollar between July and September – the US currency ended the quarter with a 3.28% appreciation in Brazil, according to Valor Econômico. And with that, the real remains the worst currency of 2020, says the media outlet.

In 2020, the dollar rises 40.11% against the Brazilian currency, a much more intense increase than that registered against the second place, the Turkish lira (+ 29.80%). The latest Focus survey indicates a dollar at BRL 5.25 at the end of 2020.

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