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Rabobank Forecasts 9% Depreciation, Sees Brazilian Real at R$5.55 on Twin Fiscal and Geopolitical Risks

Rabobank forecasts the USD/BRL exchange rate to hit R$5.55 by end-2026, anticipating a 9.0% depreciation driven by fiscal and geopolitical uncertainty.

By Sofia Marin

Published Aug 9, 2026, 3:03 PM UTC

Rabobank Forecasts 9% Depreciation, Sees Brazilian Real at R$5.55 on Twin Fiscal and Geopolitical Risks — AI-generated illustration

Rabobank forecasts the USD/BRL exchange rate to hit R$5.55 by end-2026, anticipating a 9.0% depreciation driven by fiscal and geopolitical uncertainty.

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