O dollar had an increase of 0,92% and closed Tuesday (29) at highest level in the last three and a half years, at the cost of R$5,76. This is highest price since March 29, 2021.
In 2024, the accumulated appreciation of the US currency against the real so far reaches 18%: value was R$4,85 in the first week of January.
Second Bernardo Marangon, director of Prime Energy, a company of Shell Group, high is a reflex not only of external factors occurred in other countries as well as in market discomfort with the Brazilian economic scenario.
“At the beginning of the year, there was a more optimistic perception about Brazil. Inflation was under control, and it was believed that the reduction in interest rates depended mainly on the decisions of the FED (United States Federal Reserve System, in the translation of the acronym into Portuguese). We spent the first quarter focused on American results,” he said.
However, the scenario has changed. Fiscal control has deteriorated, optimism has waned, and signs of rising inflation, even leading to the recent increase in the Selic rate – the basic interest rate and the main monetary policy instrument used by the Central Bank of Brazil to control inflation.
“This contributed to the rise of the dollar against the real. In addition, external factors, such as war in the Middle East and economic slowdown in some countries, also strengthened the dollar,” Marangon highlighted.
Impacts on the solar sector
Marangon explains that the appreciation of the dollar against the real makes investments in solar energy projects higher in Brazil, what harms the return on investment for the end consumer.
The professional explains that this happens because the dollar has a significant impact on the cost of projects since the Most of the photovoltaic equipment used in the country is imported.
“Although exchange rate variations are not immediately felt by integrators, due to inventory management and exchange rate risk that should be carried out by distributors, the persistence of a higher exchange rate may end up influencing the price of equipment in the medium term,” he highlighted.
On the other hand, Marangon highlights what do you dollar prices of equipment have been at all-time lows in recent months, which “helped to mitigate part of the impact of this significant increase in the exchange rate”, he highlighted.
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