Dollar Closes 2019 with Annual Rise of 3.5 Percent

RIO DE JANEIRO, BRAZIL – In the last trading session of the year, on Monday, December 30th, the commercial dollar closed one percent lower, quoted at R$4.0098.

As a result, the US currency ended 2019 with a rise of 3.5 percent, in a year of strong turbulence in the foreign exchange market, which recorded a devaluation of the Brazilian real of close to ten percent. In late November, the dollar reached an all-time high, closing at R$4.24.

The exchange rate fluctuations occurred mainly as a result of the trade war between China and the United States, which put pressure on the currencies of emerging countries.

The tourism dollar, bought when someone goes on a trip abroad, closed the day being sold at R$4.18, excluding taxes such as the Tax on Financial Operations (IOF).