The total value of Central Bank interventions in dollar spot market reached USD 41.5 billion in 2010 and $ 47.9 billion in 2011 until early November. The last day that the Central Bank bought dollars was on September 15. After this date up today, with the higher volatility of the exchange rate, the Central Bank interventions preferred intervention through selling exchange swaps and did not conducted any operation on the spot market. The chart below shows the evolution of interventions since begining of 2010
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| Source: Central Bank of Brazil |
Blog´s Home Page
See the last articles:
Impact of International Prices on Brazilian Trade Balance
Is There Really a Bubble in Real Estate in Brazil?
Impact of Global Crisis in Brazil
Brazil and Exchange Rate Policy
See the last posts:
Brazil: Market Expectations for Inflation
Brazil: Public Sector Borrowing Requirements
Brazil: Net Public Debt in September 2011
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