Brazil's FX outflow surges to $33.3 bln in 2025, largest since 2019

SAO PAULO, Jan 7 (Reuters) - Brazil posted a foreign exchange outflow of around $33.3 billion in 2025, the largest since 2019, preliminary data from the central bank showed on Wednesday.

• The outflow grew from the nearly $18.6 billion deficit recorded in 2024.

• The movement was driven mainly by financial flows, where net outflows came in at around $82.5 billion.

• Commercial flows had a positive balance of about $49.2 billion.

• In December alone, Brazil posted a foreign exchange outflow of some $13.5 billion, with companies rushing to remit funds for dividend payments.