Brazil Central Bank: Dollar Exchange Flow Over US$10 Billion Negative by May 22nd

RIO DE JANEIRO, BRAZIL – The exchange flow in Brazil for the year through May 22nd was negative at US$10.264 (R$55) billion, the Brazilian Central Bank reported on Wednesday, May 27th. In the same period last year, the result was positive at US$3.787 billion. The data largely reflect the impact of the novel coronavirus pandemic on foreign currency flow, particularly in March and April.

The financial outflow this year through May 22nd stood at US$32.918 billion, resulting from US$213.236 billion in investments and US$246.154 billion in withdrawals. The segment includes foreign direct and portfolio investments, profit remittances and interest payments, among other operations.

In terms of foreign trade, the year-to-date balance up to May 22nd was positive at US$22.654 billion, with US$60.926 billion in imports and US$83.580 billion in exports. Exports include US$13.599 billion in advance payment contracts.

May

After closing April with net outflows totaling US$1.378 billion, the country recorded a positive foreign exchange flow of US$2.466 billion in May through May 22nd.

The financial channel reported net outflows of US$399 million in the period. This results from US$27.608 billion in investments and US$28.007 billion in withdrawals. The segment includes foreign direct and portfolio investments, profit remittances and interest payments, among other operations.

In terms of foreign trade, the monthly balance through May 22nd is positive at US$2.865 billion, with imports totaling US$9.664 billion and exports of US$12.529 billion. Exports include US$1.266 billion in Advance on Exchange Contracts (ACC), US$6.267 billion in Advance Payment (PA) and US$4.996 billion in other inflows.

Week

The exchange flow recorded last week (May 18th to 22nd) for Brazil was positive at US$129 million.

The financial channel reported a net inflow of US$438 million in the week, a result of investments in the amount of US$968 billion and remittances in the total of US$8.831 billion. This segment includes foreign direct and portfolio investments, profit remittances and interest payments, among other operations.

In terms of foreign trade, last week’s balance was negative at US$308 million, with US$4.971 billion in imports and US$4.662 billion in exports. In exports, US$297 million in Advance Exchange Contract (ACC), US$2.768 billion in Advance Payment (PA) and US$1.597 billion in other inflows are included.

Source: InfoMoney