[Brazil] - Brazil's Currency Flow Remains Positive in 2024, Reserve Bank Reports

INSUBCONTINENT EXCLUSIVE:
The Central Bank of Brazil released these preliminary figures, showing a slight decrease from the $11.491 billion net inflow recorded in
2023.The financial channel has experienced a net outflow of $52.558 billion this year
Inflows totaled $456.998 billion, while outflows reached $509.556 billion.This channel encompasses various financial operations, including
balance has shown strength, with a positive balance of $61.871 billion in 2024
Imports amounted to $176.632 billion, while exports reached $238.503 billion.The export figures include $27.342 billion in advance exchange
Central Bank Reports
a minor outflow of $106 million in October, with purchases of $19.496 billion and sales of $19.602 billion.The foreign trade balance for
October, up to the 11th, stands at a positive $2.657 billion
Imports totaled $7.118 billion, while exports reached $9.775 billion.These export figures include $882 million in advance exchange
contracts, $2.711 billion in advance payments, and $6.183 billion in other inflows.The week of October 7-11 showed a particularly strong
performance
The currency flow was positive by $3.245 billion, with the financial channel contributing a net inflow of $1.684 billion
foreign capital and maintain a robust trade balance
The positive currency flow indicates confidence in the Brazilian market, despite global economic challenges.