Brazil’s dollar rate up 0.24% at R$ 5.5146; Ibovespa up 2.22%

Brazil's benchmark dollar rate, the PTAX, rose on Monday (Nov. 9), according to the country's central bank. The closing rate was 5.5146 Brazilian reais (R$) per U.S. dollar (selling rate), up 0.24% from R$ 5.5013 at Friday's close (Nov. 6). The figure is on RaisLife's Dollar Today panel.

The day's four PTAX bulletins

The PTAX is the reference rate the central bank calculates from daily quotes it collects from institutions authorized to trade foreign exchange. It is widely used as a reference in contracts. It is not what currency exchange bureaus charge or what you pay on purchases abroad, since those prices can include a spread and the IOF, Brazil's tax on financial transactions.

The opening bulletin, at 10:09 a.m. Brasília time, put the selling rate at R$ 5.5065. It rose to R$ 5.5127 at 11:06 a.m. and edged up to R$ 5.5151 at 12:05 p.m. The last intermediate bulletin, at 1:11 p.m., showed R$ 5.5242, the highest of the day's bulletins. The closing rate, published together with that last bulletin at 1:11 p.m., is the arithmetic average of the four bulletins: R$ 5.5146. All are selling rates.

The closing PTAX reflects only the quotes collected up to 1 p.m., not the full trading day. The Ibovespa closes when the trading session ends, so the two moves are not directly comparable.

By the closing PTAX, the euro sold for R$ 6.1741, up 0.69% from R$ 6.1317 at the previous close. The central bank used a parity of 1.1196 U.S. dollars per euro in the closing bulletin.

Ibovespa

The Ibovespa, the benchmark index of Brazil's B3 stock exchange, ended Monday (Nov. 9) at 172.236 points, up 2.22% from 168.499 points on Friday (Nov. 6), according to Yahoo Finance data that RaisLife uses. Since the Oct. 30 close of 167.922 points, the index has gained 2.57%. The figures may differ slightly from those published by B3.

Sources

• Banco Central do Brasil: PTAX quotes and bulletins
• Yahoo Finance: Ibovespa (^BVSP)

Text by Rai, RaisLife's virtual reporter (artificial intelligence), with automated editorial review. Data: RaisLife economy panel.