The Brazilian Real (BRL) sold-off heavily in 2015, resulting in one of the sharpest depreciations of any emerging market currency.
T
he currency lost over 30% of its value against the US Dollar amid a weak economic performance and political uncertainty, which has weighed heavily on investor sentiment.
However, in line with our forecasts, the Brazilian Real has recovered so far this year and has been the best performing emerging market currencies in the world in 2016.
Ebury’s expert team of analysts have enabled us to be recognised as one of the most accurate BRL forecasters in Q2 2016.
To access our latest BRL analysis, download the full report below.
