Brazil Real Effective Exchange Rate in 2015
Brazil Real Effective Exchange Rate opened 2015 at 145.97 and closed at 113.26, a -22.41% move for the year. The high of 145.97 was reached on January 1, and the low of 107.31 on September 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 145.97 | 145.97 | 145.97 | 145.97 | +0.00% |
| Feb | 138.68 | 138.68 | 138.68 | 138.68 | +0.00% |
| Mar | 127.47 | 127.47 | 127.47 | 127.47 | +0.00% |
| Apr | 131.31 | 131.31 | 131.31 | 131.31 | +0.00% |
| May | 130.56 | 130.56 | 130.56 | 130.56 | +0.00% |
| Jun | 129.46 | 129.46 | 129.46 | 129.46 | +0.00% |
| Jul | 127.35 | 127.35 | 127.35 | 127.35 | +0.00% |
| Aug | 118.10 | 118.10 | 118.10 | 118.10 | +0.00% |
| Sep | 107.31 | 107.31 | 107.31 | 107.31 | +0.00% |
| Oct | 107.83 | 107.83 | 107.83 | 107.83 | +0.00% |
| Nov | 113.58 | 113.58 | 113.58 | 113.58 | +0.00% |
| Dec | 113.26 | 113.26 | 113.26 | 113.26 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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