Nov 9, 2011

Brazil: Interventions in Spot Exchange Market

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

Source: Central Bank of Brazil

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