Brazil posts largest yearly greenback outflow since 2020

SAO PAULO (Reuters) – Brazil registered a complete web outflow of $18.01 billion in 2024, the biggest quantity since 2020, central financial institution information confirmed on Wednesday, amid a historic depreciation of the Brazilian actual within the ultimate weeks of the yr.

The outcome was pushed by web outflows on the monetary section, in accordance with the information, together with overseas investments, revenue remittances, and curiosity funds, regardless of a web influx on the industrial section, associated to exports and imports.

The Brazilian actual depreciated by greater than 27% final yr, its greatest swing since 2020. The forex hit document lows within the final two months of 2024 amid market worries over authorities spending in addition to forex outflows.

In December alone, Latin America’s largest economic system reported a web outflow of $26.41 billion, the central financial institution information confirmed.

In 2025, the actual has up to now regained some floor, strengthening about 1% in opposition to the U.S. greenback within the spot market.