Brazil Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Brazil's real effective exchange rate was 109.71 in 2026 (projected), ranked 42nd globally. This represents a 3.3% increase from 2025. Data from BIS, covering 1980–2026.
Overview
Brazil's real effective exchange rate stood at 109.71 in 2026, a rise of +3.54 from 2025. Based on recent trends, this figure is projected to reach 122.49 by 2027. Brazil ranked 42nd globally.
Brazil's Real Effective Exchange Rate (REER) has exhibited a significant fluctuation over the past 47 years, with the index reaching an all-time peak of 114.61 in 1990 and an all-time trough of 53.79 in 2021. The latest REER reading of 109.71 in 2026 places Brazil at the 42nd position globally, closely following Latvia's 108.88. This suggests that, despite the recent recovery, Brazil's REER remains relatively depreciated compared to its peak value. The depreciation was most pronounced during the COVID-19 pandemic, with the index plummeting to its lowest point in 2021. Since then, the REER has been on an upward trajectory, albeit at a moderate pace. A further appreciation of the Brazilian real against major currencies would likely be required to reverse the current trend.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 150.78 | - | - |
| 2028* trend | 136.64 | - | - |
| 2027* trend | 122.49 | - | - |
| 2026 | 109.71 | +3.54 | #42 |
| 2025 | 106.17 | −2.89 | #41 |
| 2024 | 60.70 | −52.96 | #2 |
| 2023 | 63.33 | −45.08 | #2 |
| 2022 | 60.41 | −36.27 | #1 |
| 2021 | 53.79 | −46.21 | #1 |
| 2020 | 55.58 | −70.39 | #1 |
| 2019 | 70.01 | −58.55 | #1 |
| 2018 | 71.42 | −72.44 | #1 |
| 2017 | 79.73 | −52.22 | #7 |
| 2016 | 73.24 | −51.00 | #4 |
| 2015 | 69.61 | −79.02 | #3 |
| 2014 | 84.59 | −65.58 | #8 |
| 2013 | 86.41 | −71.25 | #6 |
| 2012 | 91.99 | −82.28 | #7 |
Detected Pattern
Analysis
Brazil matched the Stagflation Risk pattern in 2016. Historically, 38% of countries showing this pattern (117 out of 307) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Brazil's real effective exchange rate was 109.71 in 2026. Ranked 42nd globally. This represents a 3.3% increase from the previous year.
Brazil's real effective exchange rate peaked at 114.61 in 1990.
The lowest real effective exchange rate in Brazil was 53.79 in 2021.
Brazil ranks 42nd globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Brazil's real effective exchange rate is projected to reach 122.49 by 2027 based on trend extrapolation.
The real effective exchange rate of Brazil in 2026 was 109.71. This ranks 42nd in the world.
Cite this page
@misc{historysaid_brazil_reer,
title = {Brazil Real Effective Exchange Rate},
url = {https://historysaid.com/brazil/reer/},
publisher = {HistorySaid},
year = {2026}
}