Records Worst Quarter in History and Dollar Rises almost 30%, to R$ 5.20

The coronavirus crisis led the Brazilian Stock Exchange to record, in the first quarter of 2020, the biggest quarterly devaluation in history. From January until this Tuesday (31), the Ibovespa accumulated a fall of 36.85%, overcoming the decline of 1986, according to data from Economatica. That year, the stock market fell 36.25% in the third quarter with the failure of the Cruzado Plan.

The dollar has the third-highest quarterly increase in the Real Plan. The 29.5% appreciation in the first three months of 2020 is second only to the third quarter of 2002, before Lula's election for the first presidential term, and to the first quarter of 1999, when when the Central Bank (BC) closed fixed exchange rate policy.