US dollar vs Brazilian real (USD/BRL)

Facts

• The PTAX rise of +9.19% on Oct 26, 2026 was the largest daily rise since Oct 2008.
• The PTAX fall of −4.55% on Oct 5, 2026 was the largest daily fall since Sep 2015.
• Focus year-end forecast for 2026: 5.05 before the election, 5.34 now.

PTAX and USDT/BRL

PTAX: 5.4935 (as of Nov 3, 2026) · USDT/BRL: 5.5093 (as of Nov 4, 2026)

Daily. PTAX: BCB sell rate. USDT/BRL: Binance daily close (UTC). The vertical line marks the second round of the election.

Crypto gap: USDT/BRL vs PTAX

Last value: +0.04% (as of Nov 3, 2026)

USDT/BRL at PTAX time ÷ PTAX − 1, in %. USDT at PTAX time is the mean of the 1-hour opens at 10h, 11h, 12h and 13h BRT (the four PTAX windows). Business days only.

USDT is not exactly 1 USD; the difference is usually below 0.1%.

BCB interventions

FX swap stock and repo line stock (US$ bn)

FX swap stock: US$ 90.3 bn (as of Nov 3, 2026) · Repo line stock: US$ 4.0 bn (as of Nov 3, 2026) · FX swap contracts: 1,805,000 (as of Nov 3, 2026)

International reserves (US$ bn)

Reserves: US$ 365.0 bn (as of Oct 30, 2026)

FX swaps are settled in reais and do not use reserves. Repo lines sell dollars from the reserves with a commitment to buy them back later.

Interest and inflation

Selic target: 13.75% (as of Nov 4, 2026) · IPCA 12m: 4.58% (as of Sep 1, 2026)

Selic target and IPCA 12 months, % per year. The band is the CMN inflation target and its tolerance for each year.

Money supply (M2)

M2: R$ 7.87 tn (as of Sep 1, 2026)

M2, end of period. Top: R$ trillion. Bottom: change over 12 months, %.

Focus survey: year-end USD/BRL forecast

Median of the BCB Focus survey (answers of the last 30 days).