FILES

Multilateral Real Exchange Rate Index (ITCRM)

Time series (xls)

ITCRM Methodology (pdf)

Previous ITCRM Methodologies

Multilateral Nominal Exchange Rate Index (ITCNM)

Time series (xls)

ITCNM Methodology (pdf)

For comments or questions, please contact: analisismacro@bcra.gob.ar

Real and Nominal Multilateral Exchange Rate Indices

Multilateral Real Exchange Rate Index (ITCRM) and Bilateral

 

The Multilateral Real Exchange Rate Index (ITCRM) measures the relative price of the goods and services of the Argentine economy with respect to those of the main 12 commercial partners of the country, weighted by the trade flow of manufactures.

The index reflects a broad measure of competitiveness (price type) since it is constituted as the ratio of the value of representative consumer baskets; the ones from the main trading partners and the domestic, all of them expressed in the same currency.

The index is computed and published on a daily basis, based on the quotations of the currencies at 3 pm of each day and includes a mechanism for estimating daily prices (replicating the latest data from representative price indices for information not yet known).



 

Note: Weighted by trade flows of manufactures (12 months moving average. Current weights: Brazil: 31%, United States: 14%, China: 16%, Eurozone: 18%) Source: BCRA, INDEC, statistics departments of Ciudad Autónoma de Buenos Aires and Provincia de San Luis, Thomson Reuters and REM-BCRA data


Multilateral Nominal Exchange Rate Index (ITCNM) and Bilateral

 

The Nominal Multilateral Exchange Rate Index (ITCNM) measures the nominal exchange rate of the Argentine peso relative to the currencies of the country's main 12 trading partners, weighted by the trade flow of manufactures.

It constitutes a broad nominal reference (more adequate than the AR$/USD parity) for macroeconomic analysis.

The ITCNM is computed and published on a daily basis, based on the quotations of the currencies at 3 pm of each day



 

Note: Weighted by trade flows of manufactures (12 months moving average. Current weights: Brazil: 31%, United States: 14%, China: 16%, Eurozone: 18%) Source: BCRA, INDEC and Thomson Reuters