Exchange rate band regime
The exchange band system in Argentina was launched on April 11, 2025 and established a range of $/USD 1,000 to 1,400, in which the exchange rate fluctuates freely according to supply and demand.
Until December 31, 2025, the BCRA will adjust these limits on a monthly basis of -1% and +1%.
- – Band floor ($1,000 – 1% monthly): When the exchange rate reaches the lower value, the BCRA sells pesos to maintain that level and increase international reserves, without sterilizing the issuance of pesos, favoring remonetization.
- – Band ceiling ($1,400 + 1% monthly): When the higher value is reached, the BCRA buys pesos to maintain that level and absorb surplus liquidity, reducing monetary liabilities.
- – Inside the band: The BCRA may occasionally intervene to avoid excessive volatility based on macroeconomic objectives, always without sterilization.
As of January 1, 2026, the floating regime between bands remains in force and the monthly sliding rate of the ceiling and floor of the exchange band will be determined according to the latest monthly inflation data reported by INDEC (T-2).
Intervention band ($/USD) – daily values
May 2026
Last updated: 2026-04-14
Unit: $ per USD
Coverage: Current month and, where applicable, next month projection.
The values are updated:
- – With each publication of the CPI (INDEC): the projection for the following month is incorporated.
- – At the beginning of each new month: the new current month is incorporated and the previous month is removed.
| Date | Lower Band | Top Band |
|---|---|---|
| 4/5/2026 | 815.07 | 1710.59 |
| 5/5/2026 | 814.17 | 1712.43 |
| 6/5/2026 | 813,26 | 1714,28 |
| 7/5/2026 | 812.35 | 1716.13 |
| 8/5/2026 | 811.44 | 1717.98 |
| 11/5/2026 | 808.73 | 1723.55 |
| 12/5/2026 | 807.83 | 1725.41 |
| 13/5/2026 | 806.93 | 1727.27 |
| 14/5/2026 | 806.03 | 1729.14 |
| 5/15/2026 | 805.13 | 1731.00 |
| 5/18/2026 | 802.44 | 1736.61 |
| 5/19/2026 | 801.55 | 1738.49 |
| 5/20/2026 | 800.65 | 1740.36 |
| 5/21/2026 | 799.76 | 1742.24 |
| 5/22/2026 | 798.87 | 1744.12 |
| 5/26/2026 | 795.31 | 1751.66 |
| 5/27/2026 | 794.42 | 1753.55 |
| 5/28/2026 | 793.54 | 1755.44 |
| 5/29/2026 | 792.65 | 1757.34 |
Intervention band ($/USD) – daily values
June 2026
Last updated: 2026-05-14
Unit: $ per USD
Coverage: Current month and, where applicable, next month projection.
The values are updated:
- – With each publication of the CPI (INDEC): the projection for the following month is incorporated.
- – At the beginning of each new month: the new current month is incorporated and the previous month is removed.
| Date | Lower Band | Top Band |
|---|---|---|
| 1/6/2026 | 790.19 | 1762.64 |
| 2/6/2026 | 789.50 | 1764.15 |
| 3/6/2026 | 788.80 | 1765.66 |
| 4/6/2026 | 788.11 | 1767.17 |
| 5/6/2026 | 787.42 | 1768.68 |
| 8/6/2026 | 785.35 | 1773.23 |
| 9/6/2026 | 784.66 | 1774.75 |
| 10/6/2026 | 783.97 | 1776.27 |
| 11/6/2026 | 783.28 | 1777.79 |
| 12/6/2026 | 782.59 | 1779.31 |
| 16/6/2026 | 779.85 | 1785.41 |
| 17/6/2026 | 779.16 | 1786.94 |
| 18/6/2026 | 778.48 | 1788.47 |
| 19/6/2026 | 777.80 | 1790.00 |
| 22/6/2026 | 775.75 | 1794.60 |
| 23/6/2026 | 775.07 | 1796.13 |
| 24/6/2026 | 774.39 | 1797.67 |
| 25/6/2026 | 773.71 | 1799.21 |
| 6/26/2026 | 773.03 | 1800.75 |
| 29/6/2026 | 771.00 | 1805.38 |
| 30/6/2026 | 770,32 | 1806,92 |