Brazil has a negative exchange rate flow of US$3,101 billion in March up to the 14th, says the Central Bank.
In the year to date through March 14, Brazil has recorded a total negative exchange rate flow of US$10,648 billion.
Fabricio de Castro
SAO PAULO (Reuters) Brazil recorded a total negative exchange rate flow of US$3,101 billion in March up to the 14th, a movement driven by the financial sector, the Central Bank reported this Wednesday.
The most recent data is preliminary and forms part of the statistics relating to contracted exchange rates.
Through the financial channel, there were net outflows of US$3,316 billion in March up to the 14th. This channel handles foreign direct and portfolio investments, profit remittances, and interest payments, among other operations.
Through the commercial channel, the balance for March up to the 14th was positive at US$215 million.
SEMANA
Last week, from March 10th to 14th, the total exchange rate flow was negative by US$2,319 billion.
In the year to date through March 14, Brazil has recorded a total negative exchange rate flow of US$10,648 billion.
