2023-10-11 17:23:11
The net exchange rate position reflects what is available for the BC to meet any need for foreign currency
The Central Bank’s net foreign exchange position reached US$224.155 billion, according to data released this Wednesday, 11th, by the institution. The amount is referenced on October 6th. At the end of September, the net foreign exchange position was US$225.092 billion and, at the end of 2022, US$220.995 billion.
The net exchange rate position reflects what is available for the BC to meet any need for foreign currency – such as providing liquidity to the market in times of crisis, for example. The body considers it the correct indicator to measure the country’s resistance to external shocks.
The position takes into account international reserves, the BC’s stock of line operations (sale of dollars with repurchase commitment), the institution’s position in foreign exchange swaps and Brazil’s Special Drawing Rights (SDR) at the International Monetary Fund ( IMF).
International reserves reached US$338.888 billion last week. This level is below the end-September level of US$340.324 billion. In December, the amount was US$324.703 billion, the lowest level since March 2011 (US$317.1 billion).
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