Exchange rate band regime
The exchange rate band regime in Argentina was launched on April 11, 2025. A range of ARS1,000–ARS1,400/USD1 was set, within which the exchange rate fluctuates freely based on supply and demand.
The BCRA will adjust the floor and the ceiling at a monthly rate of -1% and +1%, respectively, until December 31, 2025.
- – Band floor (ARS1,000 – 1% per month): If the exchange rate reaches the floor, the BCRA sells pesos to maintain that level and increase international reserves, without sterilizing the issuance of pesos, thereby promoting remonetization.
- – Band ceiling (ARS1,400 + 1% per month): If the exchange rate reaches the ceiling, the BCRA buys pesos to maintain that level and absorb excess liquidity, thus reducing monetary liabilities.
- – Within the band: The BCRA could occasionally intervene to prevent excessive volatility, in line with macroeconomic objectives, always without any sterilization.
Effective January 1, 2026, the exchange rate band regime remains in effect, and the monthly crawl rate of the band floor and ceiling will be based on the latest monthly inflation data reported by the National Institute of Statistics and Censuses (Instituto Nacional de Estadística y Censos, INDEC) (T-2).
Intervention band (ARS/USD) – daily values
August 2026
Last updated: 2026-07-14
Unit: ARS per USD
Period: Projection for the following month.
The values are updated:
- – With each publication of the CPI (INDEC): The projection for the following month is added.
- – At the beginning of each new month: The current month is added and the previous month is removed.
| Date | Band floor | Band ceiling |
|---|---|---|
| 2026-08-03 | 752.75 | 1848.23 |
| 2026-08-04 | 752.28 | 1849.35 |
| 2026-08-05 | 751.81 | 1850.48 |
| 2026-08-06 | 751.35 | 1851.6 |
| 2026-08-07 | 750.88 | 1852.73 |
| 2026-08-10 | 749.49 | 1856.1 |
| 2026-08-11 | 749.03 | 1857.23 |
| 2026-08-12 | 748.56 | 1858.36 |
| 2026-08-13 | 748.1 | 1859.49 |
| 2026-08-14 | 747.64 | 1860.62 |
| 2026-08-18 | 745.79 | 1865.14 |
| 2026-08-19 | 745.33 | 1866.27 |
| 2026-08-20 | 744.87 | 1867.41 |
| 2026-08-21 | 74441 | 1868.54 |
| 2026-08-24 | 743.03 | 1871.95 |
| 2026-08-25 | 742.57 | 1873.08 |
| 2026-08-26 | 742.11 | 1874.22 |
| 2026-08-27 | 741.65 | 1875.36 |
| 2026-08-28 | 741.19 | 1876.5 |
| 2026-08-31 | 739.82 | 1879.92 |
July 2026
Last updated: 2026-06-11
Unit: ARS per USD
Period: current month.
The values are updated:
- – With each publication of the CPI (INDEC): The projection for the following month is added.
- – At the beginning of each new month: The current month is added and the previous month is removed.
| Date | Band floor | Band ceiling |
|---|---|---|
| 2026-07-01 | 769.79 | 1808.13 |
| 2026-07-02 | 769.27 | 1809.35 |
| 2026-07-03 | 768.74 | 1810.56 |
| 2026-07-06 | 767.16 | 1814.21 |
| 2026-07-07 | 766.64 | 1815.42 |
| 2026-07-08 | 766.11 | 1816.64 |
| 2026-07-13 | 763.5 | 1822.74 |
| 2026-07-14 | 762.97 | 1823.96 |
| 2026-07-15 | 762.45 | 1825.19 |
| 2026-07-16 | 761.93 | 1826.41 |
| 2026-07-17 | 761.41 | 1827.63 |
| 2026-07-20 | 759.84 | 1831.31 |
| 2026-07-21 | 759.32 | 1832.54 |
| 2026-07-22 | 758.81 | 1833.77 |
| 2026-07-23 | 758.29 | 1835 |
| 2026-07-24 | 757.77 | 1836.23 |
| 2026-07-27 | 756.21 | 1839.93 |
| 2026-07-28 | 755.69 | 1841.16 |
| 2026-07-29 | 755.18 | 1842.4 |
| 2026-07-30 | 754.66 | 1843.63 |
| 2026-07-31 | 754.14 | 1844.87 |