Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the Brazilian Real (BRL) has exhibited notable fluctuations over the past few months. This report analyzes the recent trends, identifies key factors influencing these movements, and provides insights into the potential future trajectory of the INR/BRL exchange rate.

Recent Exchange Rate Trends

January 2025:

• Opening Rate (January 1): 1 INR = 0.07 BRL
• Closing Rate (January 31): 1 INR = 0.07 BRL
• Highest Rate: 0.07 BRL on January 2
• Lowest Rate: 0.07 BRL on January 30
• Overall Performance: Falling
• Percentage Change: -6.57%

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February 2025:

• Opening Rate (February 1): 1 INR = 0.07 BRL
• Closing Rate (February 28): 1 INR = 0.07 BRL
• Highest Rate: 0.07 BRL on February 2
• Lowest Rate: 0.07 BRL on February 19
• Overall Performance: Falling
• Percentage Change: -0.74%

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March 2025:

• Opening Rate (March 1): 1 INR = 0.06607 BRL
• Closing Rate (March 19): 1 INR = 0.06651 BRL
• Highest Rate: 0.07152 BRL
• Lowest Rate: 0.06543 BRL
• Average Rate: 0.06680 BRL

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Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the INR/BRL exchange rate:

1. Economic Indicators:

   • India: Economic growth rates, inflation, and trade balances have a direct impact on the strength of the INR.
   • Brazil: Similarly, Brazil's economic performance, including GDP growth, inflation, and trade figures, influences the BRL.

2. Monetary Policies:

   • Decisions by the Reserve Bank of India (RBI) and the Central Bank of Brazil regarding interest rates and money supply affect investor confidence and currency valuation.

3. Global Commodity Prices:

   • Brazil is a major exporter of commodities like soybeans and iron ore. Fluctuations in global commodity prices can impact the BRL's value.

4. Political Stability:

   • Political events and stability in both countries can lead to investor confidence or apprehension, affecting currency strength.

5. Global Economic Conditions:

   • Global economic trends, including the strength of the US dollar and international trade dynamics, can influence emerging market currencies like the INR and BRL.

Comparative Analysis

Historical Context:

• December 2024:
  • Opening Rate (December 1): 1 INR = 0.07 BRL
  • Closing Rate (December 31): 1 INR = 0.07 BRL
  • Highest Rate: 0.08 BRL on December 26
  • Lowest Rate: 0.07 BRL on December 12
  • Overall Performance: Rising
  • Percentage Change: +2.16%

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• November 2024:
  • Opening Rate (November 1): 1 INR = 0.07 BRL
  • Closing Rate (November 30): 1 INR = 0.07 BRL
  • Highest Rate: 0.07 BRL on November 29
  • Lowest Rate: 0.07 BRL on November 7
  • Overall Performance: Rising
  • Percentage Change: +2.53%

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Yearly Overview:

• 2024:
  • Highest Rate: 0.08 BRL on December 26
  • Lowest Rate: 0.06 BRL on October 2
  • Overall Performance: Fluctuating with periods of both appreciation and depreciation.

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Future Outlook

Predicting future exchange rate movements involves considering various economic indicators and potential geopolitical events. Key factors to monitor include:

• Economic Growth Projections: Forecasts for GDP growth in both India and Brazil.
• Monetary Policy Decisions: Upcoming interest rate decisions by the RBI and the Central Bank of Brazil.
• Commodity Market Trends: Global demand and prices for key commodities exported by Brazil.
• Political Developments: Elections, policy changes, and international relations affecting both countries.

Conclusion

The INR/BRL exchange rate has experienced notable fluctuations over the past few months, influenced by a complex interplay of economic indicators, monetary policies, global commodity prices, political stability, and broader global economic conditions. While historical data provides insight into past trends, future movements will depend on a combination of domestic and international factors. Stakeholders should remain vigilant, monitoring economic reports and policy decisions to make informed decisions regarding currency-related matters.