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Narrow Money (M1) (BRL)

Currency in circulation + transaction deposits. RBNZ column A.

Latest reading: 5008017.964 BRL bn · Last updated: · Source: BCB SGS

Category: Money & Credit

API Endpoint

/api/v1/announcements/brl/m1

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Narrow Money (M1) across all supported currencies →

About Narrow Money (M1) (BRL)

M1 money supply for Brazil covers the most liquid forms of money: currency in circulation, demand deposits, and other balances immediately convertible to cash. It is published monthly by the Banco Central do Brasil or national statistics agency.

Why FX traders watch it

Rapid M1 growth can signal future inflationary pressures via the quantity theory of money. Conversely, shrinking M1 may indicate tightening monetary conditions, which reduces inflation risk but also slows economic activity.

How to interpret the data

M1 alone is rarely a primary FX catalyst, but sustained above-trend growth is a medium-term inflation risk and may increase rate-hike probability, supporting the brl. Contracting M1 is associated with tighter liquidity.

Historical Narrow Money (M1) (BRL)

Source: BCB SGS  ·  Monthly  ·  BRL bn

Data provided by FXMacroData via the /api/v1/announcements/brl/m1 endpoint. For access, see pricing.

Data Source

Primary Source

BCB SGS

Official Series ID

SGS/27813

Data Format and Properties

Data Frequency

Monthly

Unit of Measure

BRL bn

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "BRL",
    "indicator": "m1",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Narrow Money (M1) data for BRL from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/brl/m1?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How often is Brazil Narrow Money (M1) updated?
Narrow Money (M1) for Brazil is released on a monthly schedule by Banco Central do Brasil (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Narrow Money (M1) reported in?
The series is published in BRL bn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source Brazil Narrow Money (M1) data?
Data is fetched directly from Banco Central do Brasil or the official national statistics publication for Brazil. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Narrow Money (M1) for Brazil via the API?
Issue a GET request to /api/v1/announcements/brl/m1?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.