| SDDS | Date of last update: 7/27/2011 |
| Category Provider's Data | |
Contact Person |
Alan da Silva Andrade Mendes |
Organization |
Banco Central do Brasil, Departamento de Operação das Reservas
Internacionais, Divisão de Câmbio SBS Qd.3, Ed. Sede, Bl. B, 5º andar Brasília (DF) - Brasil CEP 70.074-900 |
Phone Number |
55 61 3321-7477 |
Fax Number |
55 61 3414-3248 |
| Description | |
| The Data: Coverage, Periodicity, and Timeliness | |
Coverage characteristics |
Data
are published on:
Bid and offer rates of spot prices are published. |
Periodicity |
Daily for the PTAX. |
Timeliness |
Soon after the last bulletin is published (after 13:00, Brasília time). |
| Access by the Public | |
Advance dissemination of release calendar |
Not applicable. Data are published on a daily basis. |
Simultaneous release to all interested parties |
The
relevant information is published on the Central Bank of Brazil
page on the Internet: http://www.bcb.gov.br/?EXCHANGERATES Data are also released through the Central Bank Information System (SISBACEN),
which can be freely accessed using the access program available for download
at (pages in Portuguese): |
| Integrity | |
Dissemination of terms and conditions under which official statistics are produced, including those relating to confidentiality of individual responses |
The
Central Bank of Brazil compiles and publishes monetary and financial statistics
pursuant to the legislation in force, specifically the Law establishing
the Central Bank (Law Nr. 4595 of Dec. 31st, 1964) and the National Monetary
Council resolutions, governing the generation and release of data and information,
in particular with regard to the confidentiality of data.
The Central Bank guarantees the confidentiality of the data in observance of the established in Article 38 of the Law Nr. 4595. The Law Nr. 4595, the National Monetary Council resolutions, and other rules issued by the Central Bank of Brazil, as well as other legislation, can be found in Portuguese on the Central Bank's Internet page: https://www3.bcb.gov.br/normativo/prepararPesquisa.do?method=prepararPesquisa These laws are available to the public in Portuguese at the Internet page of the Presidency of the Republic, under search of decrees and laws: |
Identification of internal government access to data before release |
Authorities outside the Central Bank are not apprised of information before it is released through Central Bank Information System (SISBACEN). |
Identification of ministerial commentary on the occasion of statistical releases |
No commentary is attached to the release of the data. |
Provision of information about revision and advance notice of major changes in methodology |
The data are
final when first released.
The methodology used now has been introduced on July 1st, 2011 and is significantly different from the previous one, which used the weighted average of interbank contracts to calculate the reference exchange rate. The change was first announced with the publication of the new regulation for the matter, Circular 3506, on September 23rd, 2010. |
| Quality | |
Dissemination of documentation on methodology and sources used in preparing statistics |
The
methodology is regulated in the "Circular 3506", published on September 23rd, 2010, and "Circular 3537", published on May 25th, 2011,
which can be found in Portuguese at: https://www3.bcb.gov.br/normativo/prepararPesquisa.do?method=prepararPesquisa Use:
Press: pesquisa |
Dissemination of component detail, reconcilliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness |
The
Central Bank Foreign Exchange Bulletins are available only on the Internet and contain the daily and the monthly
exchange rate series since 1985 at: http://www.bcb.gov.br/?EXCHANGERATES The four Central Bank bulletins are also released through SISBACEN every day soon after 10:00; 11:00; 12:00 and 13:00. After the last bulletin is calculated, the closing bulletin (Boletim de Taxas de Câmbio) with the PTAX rate (as specified in "The Data: Coverage, Periodicity, and Timeliness") is released. The bulletins (Boletim de Taxas de Câmbio) give also the par value of the real in relation to 10 other major currencies, whose price in US dollars are obtained from Bloomberg or, if not available there, from Reuters or another agency that publishes market prices. The bulletins (Boletim de Taxas de Câmbio) are published on the electronic
system (SISBACEN), which can be freely accessed on the Internet using the
access program available for download at (pages in Portuguese): |
Notes |
Summary page on observance and transition plan |
| Dissemination Formats | |||
| Hardcopy | |||
| News release | |||
| Weekly bulletin | |||
| Monthly bulletin | |||
| Quarterly bulletin | |||
| Other | |||
| Electronic media | |||
| X | X | On-line country bulletin board or database | Information on the PTAX bid and offer rate, and the intermediate bulletins (Boletim de Taxas de
Câmbio) of the Central Bank are available on line in Portuguese on Central Bank Information System
(SISBACEN).
Proper software for accessing SISBACEN is free of charge and can be downloaded
from (pages in Portuguese): http://www.bcb.gov.br/?SISBACEN Aditional information can be obtained on Central Bank's website. |
| X | Internet address | http://www.bcb.gov.br/?EXCHANGERATES
The prices of 132 currencies and gold (PTAX rate) in the format of one currency in a given period and all currencies on a given date, as well as a table with the characteristics and codes of the currencies in question, can be obtained on this site. |
|
| Diskette | |||
| CD ROM | |||
| Other | |||
| Summary Methodology |
| Analytical framework, concepts, definitions, and classifications (including reference to applicable guidelines) |
| Four times daily, the Central Bank authorized foreign exchange dealers must inform bid/offer rates for the exchange
rate for the U.S. dollar – between 10:00 and 10:10 for the 10:00 bulletin; between 11:00 and 11:10 for the 11:00
bulletin; between 12:00 and 12:10 for the 12:00 bulletin; and between 13:00 and 13:10 for the 13:00 bulletin. For
each bulletin, the published bid/offer rates are the average of the bid/offer rates informed by the dealers, excluding
the two highest bid rates and the two highest offer rates and two lowest bid rates and the two lowest offer rates. The
reference exchange rate for the U.S. dollar, known on the market as the PTAX rate, is the arithmetic average of
these four bid/offer rates.
The par values of other currencies and units of account in relation to the real are determined based on the price of these currencies in U.S. dollars published by Bloomberg or Reuters at 10:00; 11:00; 12:00 and 13:00, and the PTAX rate for the U.S. dollar, determined as indicated in the preceding paragraph. |
| Scope of the data (coverage of, e.g., institutional units, transactions and stock, commodities, industries, and geographic areas) |
| In
addition to the U.S. dollar exchange rate, par values for 132
other currencies, gold and units of account of international organizations, specifically
the currencies of the G-7 countries, the European Union, and MERCOSUR; special
drawing rights; and the unit of value of the Bank and of the African Development
Fund.
The rates used to calculate the PTAX are obtained through four daily requests from foreign exchange dealers for bid/offer rates. |
| Accounting conventions (e.g. time of recording, valuation methods) |
| The PTAX rate is calculated daily, after the last bulletin is calculated (after 13:00, Brasília time). |
| Nature of the basic data (e.g., administrative records, surveys censuses, combinations of these) |
| The database is made up of the rates informed by the Central Bank authorized foreign exchange dealers. |
| Compilation practices (e.g., weighting schemes, imputation methods, balancing/cross-checking techniques) |
| The PTAX rate is the arithmetic average of the four bulletins published daily as described in Analytical framework, concepts, definitions, and classifications (including reference to applicable guidelines) above. |
| Other aspects (e.g., seasonal adjustment, disclosure avoidance, base years, reference years, transformations from fiscal to calendar years) |
| In the calculation of the PTAX rate there are no adjustments or conversions, except for those described above. |