The real accumulates an increase of more than 3% until September 25th and has the best performance among 27 currencies, according to a survey (Image: iStock/cokada)
In comparison with 27 currencies, the real is the currency that has appreciated the most in September so far.
According to a survey by Elos Ayta Consultoria, the currency registered an increase of 3.34% in the month — until the 25th. It is worth remembering that performance is measured in relation to the dollar.
One of the reasons for this is the weakening of the US currency following the cut in US interest rates.
Last week, the Federal Reserve (Fed) cut interest rates by 0.50 percentage points (pp), at 4.75% to 5.00%. The magnitude of the reduction was in line with market expectations, according to the CME Group's FedWatch tool.
This was the first reduction since March 2020 and marked the beginning of the monetary easing cycle in the world's largest economy.
Furthermore, the Brazilian currency has followed the momentum given to emerging currencies with the announcement of stimulus packages in China.
In general, emerging countries and commodity exporters, such as Brazil, were positively impacted by the increase in commodity prices, mainly iron ore.
The commodity, for example, advanced more than 10% this week alone.
The South African Rand, from South Africa, appears just behind the real, with an appreciation of 3.24% in the month, followed by the Indonesian rupiah, which completes the top 3 with a gain of 2.28%.
Check out the performance of currencies in the period between September 1st and 25th, according to the Elos Ayta survey:
| Country | Coin | Performance – September | Annual performance |
| Brazil | Real | 3,34% | -11,55% |
| South Africa | Rand Sul-Africano | 3,24% | 5,84% |
| Indonesia | Indonesian Rupiah | 2,28% | 1,32% |
| United Kingdom | Pound sterling | 1,33% | 5,33% |
| Zona to Euro | Euro | 1,11% | 1,11% |
| Japan | One | 0,95% | -2,59% |
| China | Yuan | 0,85% | 0,71% |
| Sweden | Swedish krona | 0,79% | -0,88% |
| Denmark | Danish crown | 0,75% | 0,75% |
| Australia | Australian dollar | 0,68% | 0,00% |
| Chile | Chilean peso | 0,64% | -2,95% |
| India | Indian rupee | 0,37% | -0,43% |
| Mexico | Mexican peso | 0,34% | -13,62% |
| Norway | Norwegian krone | 0,28% | -3,78% |
| Hong Kong | Hong Kong dollar | 0,26% | 0,39% |
| Filipinas | Philippine peso | 0,23% | -1,28% |
| Saudi Arabia | Rial saudita | 0,02% | -0,05% |
| South Korea | Won | 0,02% | -3,12% |
| Canada | Canadian dollar | 0,00% | -1,48% |
| Switzerland | Swiss franc | 0,00% | -1,18% |
| Taiwan | Taiwan dollar | -0,09% | -4,18% |
| Türkiye | Turkish lira | -0,26% | -13,61% |
| Colombia | Colombian peso | -0,56% | -8,02% |
| Peru | Sol | -0,56% | -1,46% |
| Argentina | Argentine peso | -1.56% | -16,47% |
| Russia | Russian ruble | -2,00% | -3,51% |
| Israel | Israeli New Shekel | -2,94% | -3,74% |
Real still has one of the worst performances of the year
Despite the positive performance of the Brazilian real in September, the currency depreciated by 11.55% in the year up to September 25th.
As a result, the real is the fourth currency with the biggest loss in the period among the 27 countries listed in the Elos Ayta survey.
Only the currencies of Argentina, Mexico and Türkiye had more significant devaluations, of 16.47%, 13.62% and 13.61%, respectively.