Multilateral exchange rate indexes
Real effective exchange rate (REER) and bilateral real exchange rates
This index measures the relative price of goods and services in Argentina in relation to its top 12 trading partners, based on the trade flow of manufactured goods.
The REER is a weighted average of the bilateral real exchange rates of Argentina’s major trading partners. The evolution of the prices of the trading partners’ representative consumption baskets stated in domestic currency is considered in relation to the value of the domestic consumption basket. It is thus a broad measure of price competitiveness.
The REER is calculated and published daily using the exchange rates at 3 p.m. each day. There is a mechanism to break down estimates to a daily basis and replicate the latest available price indexes to account for information not yet released.
Note: Weighted by manufactured goods trade (12-month moving averages; current weights: Brazil: 32%; United States: 12%; China: 16%; euro area: 19%). Source: BCRA, National Institute of Statistics and Censuses (Instituto Nacional de Estadística y Censos, INDEC), Statistical Offices of the province of San Luis and the Autonomous City of Buenos Aires, Thomson Reuters and REM-BCRA.
Nominal effective exchange rate (NEER) and bilateral nominal exchange rates
It is the weighted average of the bilateral nominal exchange rates of the country’s major trading partners, and a broad nominal reference—more suitable than the peso-US dollar rate—for macroeconomic analysis.
The NEER is calculated and published daily using the exchange rates at 3 p.m. each day.
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Real effective exchange rate (REER)
Download historical series
REER methodology
Previous ITCRM methodologies
Nominal effective exchange rate (NEER)
Download historical series
NEER methodology