The Central Financial institution of the Republic of Argentina (BCRA) has accepted a brand new technique for calculating the reference change fee (TCR) relevant to the greenback. This amends Communication A 3500, which has been in power for over 20 years since 2002.
The brand new formulation replaces the earlier scheme primarily based on professional forma surveys with the next methodology: Based mostly on particular operations weighted by quantity. Efficient January 1, 2026.
Beforehand, calculations have been primarily based on surveys carried out by BCRA 3 times a day. The brand new technique solely takes under consideration operations positioned on the display screen and units a minimal quantity of $500,000 (USD) for such transactions. Due to this fact, definitions through request for citation are excluded (over-the-counter) Much like that mediated by a dealer.
Economist Natalia Motil defined to CriptoNoticias: “This modification is predicated on the truth that the very giant trades that happen available in the market at the moment are measured by a weighted common of the particular trades.” “Beforehand finished by means of analysis, this may increasingly embrace small, casual sector transactions that won’t mirror the true worth of the RER,” he added.
On this sense, “the elevated stability and transparency of dollar-related contracts, operations and citation calculations will definitely be mirrored, permitting for a extra favorable enterprise surroundings,” Motil stated.
New greenback calculation goals to be extra truthful
The aim of this replace is to enhance transparency and illustration, contributing to market contributors working beneath extra equal circumstances. On this method, we search to advertise a fairer monetary surroundings and restrict room for maneuver.
Improvement of this new methodology carried out taking into consideration the opinions of assorted market sectors. These have been gathered in a public session launched by the central financial institution a month in the past, on November 5, 2025.
This measure will exhibit BCRA’s alignment with worldwide requirements adopted by different central banks and facilitate additional modernization in RER calculations.
Nations similar to Chile, Colombia, Peru, Guatemala and Uruguay have already adopted strategies primarily based on weighted common costs. As a substitute, the central financial institution in contrast it in public consultations to Argentina, Brazil and Mexico, which proceed to make use of quote order programs.
This determination strengthens the Argentine group’s efforts to modernize rules in numerous sectors of the market.
