Brazils currency flow has maintained a positive trend in 2024, reaching $9.313 billion by October 11th.
The Central Bank of Brazil released these preliminary figures, showing a slight decrease from the $11.491 billion net inflow recorded in 2023.The financial channel has experienced a net outflow of $52.558 billion this year.
Inflows totaled $456.998 billion, while outflows reached $509.556 billion.This channel encompasses various financial operations, including foreign direct investments, portfolio investments, profit remittances, and interest payments.On the other hand, Brazils foreign trade balance has shown strength, with a positive balance of $61.871 billion in 2024.
Imports amounted to $176.632 billion, while exports reached $238.503 billion.The export figures include $27.342 billion in advance exchange contracts, $58.330 billion in advance payments, and $152.830 billion in other inflows.Brazils Currency Flow Remains Positive in 2024, Central Bank Reports.
(Photo Internet reproduction)Octobers preliminary data reveals a positive currency flow of $2.55 billion up to the 11th.
This marks an improvement from Septembers negative flow of $3.983 billion.Brazils Financial and Trade PerformanceThe financial channel saw a minor outflow of $106 million in October, with purchases of $19.496 billion and sales of $19.602 billion.The foreign trade balance for October, up to the 11th, stands at a positive $2.657 billion.
Imports totaled $7.118 billion, while exports reached $9.775 billion.These export figures include $882 million in advance exchange contracts, $2.711 billion in advance payments, and $6.183 billion in other inflows.The week of October 7-11 showed a particularly strong performance.
The currency flow was positive by $3.245 billion, with the financial channel contributing a net inflow of $1.684 billion.
The foreign trade balance for this week was positive at $1.561 billion.These figures suggest that Brazils economy continues to attract foreign capital and maintain a robust trade balance.
The positive currency flow indicates confidence in the Brazilian market, despite global economic challenges.