Argentina Real Effective Exchange Rate

1997 - 2025 | Monthly | 2005=100 | CEIC Data

Key information about Argentina Real Effective Exchange Rate

  • Argentina Real Effective Exchange Rate (REER: 2005=100: Month Avg: Argentina) was 59.4 in Nov 2025, compared with the number of 61.2 in the previous month.
  • Argentina Real Effective Exchange Rate data is updated monthly and averaged 123.1 from Jan 1997 to Nov 2025.
  • The data reached an all-time high of 123.1 in Jun 2002 and a record low of 41.1 in Oct 2001.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Central Bank of Argentina provides Real Effective Exchange Rate Index with base 17 December 2015=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about Argentina Real Effective Exchange Rate

  • In the latest reports, Argentina Short Term Interest Rate: Month End: Argentina: Up to 15 Days Interbank Call Rate (BAIBAR) was reported at 31.8 % pa in Jul 2021.
  • The cash rate (Interest Rate: Financial Institution Deposit: 30 Days) was set at 29.0 % in Nov 2025.
  • Argentina Exchange Rate against USD averaged 1,429.6 (USD/ARS) in Nov 2025.

View Argentina's Real Effective Exchange Rate from Jan 1997 to Nov 2025 in the chart:

Argentina Real Effective Exchange Rate

What was Argentina's Real Effective Exchange Rate in Nov 2025?

Argentina Real Effective Exchange Rate (REER: 2005=100: Month Avg: Argentina) was 59.4 in Nov 2025, compared with the number of 61.2 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
59.4 Nov 2025 61.2 Oct 2025 41.1 Oct 2001 123.1 Jun 2002 2005=100 monthly Jan 1997 - Nov 2025

Real Effective Exchange Rate by Country Comparison

country/region Last Frequency Range
Algeria (2005=100) 99.0 Nov 2025 monthly Jan 1994 - Nov 2025
Argentina (2005=100) 59.4 Nov 2025 monthly Jan 1997 - Nov 2025
Armenia (2005=100) 241.5 Sep 2025 monthly Jan 1997 - Sep 2025
Australia (2005=100) 102.5 Nov 2025 monthly Jan 1994 - Nov 2025
Austria (2005=100) 105.9 Nov 2025 monthly Jan 1993 - Nov 2025
Azerbaijan (2005=100) 144.3 Nov 2025 monthly Jan 2005 - Nov 2025
Bahrain (2005=100) 92.0 Nov 2025 monthly Jan 1980 - Nov 2025
Bangladesh (2015-2016=100) 99.5 2024 yearly 2011 - 2024
Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
Belgium (2005=100) 105.0 Nov 2025 monthly Jan 1993 - Nov 2025
Bolivia (2005=100) 48.8 Aug 2025 monthly Jan 1991 - Aug 2025
Bosnia and Herzegovina (2005=100) 98.1 Sep 2025 monthly Jan 2005 - Sep 2025
Botswana (Dec2018=100) 95.1 Sep 2025 monthly Dec 2009 - Sep 2025
Brazil (2005=100) 87.9 Sep 2025 monthly Jan 1988 - Sep 2025
Bulgaria (2005=100) 132.1 Nov 2025 monthly Jan 1993 - Nov 2025
Canada (2005=100) 87.7 Sep 2025 monthly Jan 1999 - Sep 2025
Chile (2005=100) 108.2 Nov 2025 monthly Jan 1986 - Nov 2025
China (2005=100) 130.0 Oct 2025 monthly Jan 1994 - Oct 2025
Colombia (2005=100) 100.4 Nov 2025 monthly Jan 1990 - Nov 2025
Croatia (2005=100) 105.8 Oct 2025 monthly Jan 1993 - Oct 2025
Cyprus (2005=100) 88.9 Oct 2025 monthly Jan 1993 - Oct 2025
Czech Republic (2005=100) 149.2 Oct 2025 monthly Jan 1995 - Oct 2025
Denmark (2005=100) 98.9 Sep 2025 monthly Jan 1970 - Sep 2025
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 146.6 Nov 2025 monthly Jan 1993 - Nov 2025
European Union (2005=100) 94.8 Nov 2025 monthly Jan 1993 - Nov 2025
Finland (2005=100) 94.5 Nov 2025 monthly Jan 1993 - Nov 2025
France (2005=100) 91.0 Nov 2025 monthly Jan 1993 - Nov 2025
Georgia (2005=100) 129.0 Nov 2025 monthly Dec 1995 - Nov 2025
Germany (2005=100) 96.8 Nov 2025 monthly Jan 1993 - Nov 2025
Ghana (2005=100) 88.4 Nov 2025 monthly Dec 1979 - Nov 2025
Greece (2005=100) 94.9 Nov 2025 monthly Jan 1993 - Nov 2025
Hong Kong SAR, China (2005=100) 107.4 Nov 2025 monthly Jan 1994 - Nov 2025
Hungary (2005=100) 98.2 Oct 2025 monthly Jan 1990 - Oct 2025
Iceland (2005=100) 94.8 Nov 2025 monthly Jan 1979 - Nov 2025
India (2005=100) 107.2 Nov 2025 monthly Apr 2004 - Nov 2025
Indonesia (2005=100) 106.4 Oct 2025 monthly Jan 1994 - Oct 2025
Iran (2005=100) 1,345.9 Nov 2025 monthly Jan 1979 - Nov 2025
Ireland (2005=100) 86.5 Nov 2025 monthly Jan 1993 - Nov 2025
Israel (2005=100) 136.6 Nov 2025 monthly Jan 1994 - Nov 2025
Italy (2005=100) 94.0 Oct 2025 monthly Jan 1993 - Oct 2025
Ivory Coast (2005=100) 100.6 Nov 2025 monthly Dec 1979 - Nov 2025
Japan (2005=100) 54.2 Nov 2025 monthly Jan 1970 - Nov 2025
Kazakhstan (2005=100) 99.1 Oct 2025 monthly Jan 1995 - Oct 2025
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 77.4 Oct 2025 monthly Jan 1994 - Oct 2025
Kosovo (Jan2007=100) 122.8 Sep 2025 monthly Dec 2006 - Sep 2025
Kyrgyzstan (2005=100) 139.6 Oct 2025 monthly Jan 2000 - Oct 2025
Latvia (2005=100) 131.7 Nov 2025 monthly Jan 1993 - Nov 2025
Lithuania (2005=100) 132.3 Oct 2025 monthly Jan 1993 - Oct 2025
Luxembourg (2005=100) 100.3 Nov 2025 monthly Jan 1993 - Nov 2025
North Macedonia (2005=100) 113.7 Sep 2025 monthly Jan 1993 - Sep 2025
Malawi (2010=100) 110.9 Nov 2025 monthly Dec 1979 - Nov 2025
Malaysia (2005=100) 95.4 Nov 2025 monthly Jan 1994 - Nov 2025
Malta (2005=100) 99.5 Nov 2025 monthly Jan 1993 - Nov 2025
Mexico (2005=100) 99.8 Aug 2025 monthly Jan 1968 - Aug 2025
Moldova (2005=100) 236.0 Nov 2025 monthly Nov 1993 - Nov 2025
Mongolia (2005=100) 126.8 Sep 2025 monthly Jan 2000 - Sep 2025
Morocco (2005=100) 97.9 Nov 2025 monthly Jan 1988 - Nov 2025
Netherlands (2005=100) 101.3 Oct 2025 monthly Jan 1993 - Oct 2025
New Zealand (2005=100) 93.0 Oct 2025 monthly Jan 1984 - Oct 2025
Nigeria (2005=100) 101.9 Nov 2025 monthly Dec 1979 - Nov 2025
Norway (2005=100) 76.1 Oct 2025 monthly Jan 1994 - Oct 2025
Pakistan (2010=100) 104.8 Nov 2025 monthly Jul 2001 - Nov 2025
Paraguay (2005=100) 61.8 Oct 2025 monthly Jan 1995 - Oct 2025
Peru (2005=100) 85.0 Nov 2025 monthly Jan 1991 - Nov 2025
Philippines (2005=100) 136.3 Nov 2025 monthly Jan 1993 - Nov 2025
Poland (2005=100) 119.7 Nov 2025 monthly Jan 1994 - Nov 2025
Portugal (2005=100) 94.5 Nov 2025 monthly Jan 1993 - Nov 2025
Romania (2005=100) 120.7 Nov 2025 monthly Jan 1994 - Nov 2025
Russia (2005=100) 112.7 Oct 2025 monthly Jan 1994 - Oct 2025
Saudi Arabia (2005=100) 124.2 Oct 2025 monthly Jan 1994 - Oct 2025
Serbia (2005=100) 146.5 Nov 2025 monthly Jan 2002 - Nov 2025
Singapore (2005=100) 135.5 Nov 2025 monthly Jan 1994 - Nov 2025
Slovakia (2005=100) 142.3 Nov 2025 monthly Jan 1993 - Nov 2025
Slovenia (2005=100) 102.1 Nov 2025 monthly Jan 1993 - Nov 2025
South Africa (2005=100) 89.9 Sep 2025 monthly Jan 1970 - Sep 2025
Spain (2005=100) 99.0 Nov 2025 monthly Jan 1993 - Nov 2025
Sri Lanka (2017=100) 71.9 Oct 2025 monthly Jan 2013 - Oct 2025
Sweden (2005=100) 81.7 Nov 2025 monthly Jan 1994 - Nov 2025
Switzerland (2005=100) 117.5 Oct 2025 monthly Jan 1973 - Oct 2025
Taiwan, China (2005=100) 95.3 Oct 2025 monthly Jan 1994 - Oct 2025
Thailand (2005=100) 123.3 Oct 2025 monthly Jan 1994 - Oct 2025
Tunisia (2005=100) 87.7 Nov 2025 monthly Jan 1979 - Nov 2025
Turkey (2005=100) 63.7 Nov 2025 monthly Jan 1994 - Nov 2025
Ukraine (2005=100) 84.8 Nov 2025 monthly Dec 1992 - Nov 2025
United Arab Emirates (2005=100) 122.2 Nov 2025 monthly Jan 1994 - Nov 2025
United Kingdom (2005=100) 88.0 Nov 2025 monthly Jan 1994 - Nov 2025
United States (Jan2006=100) 115.7 Oct 2025 monthly Jan 2006 - Oct 2025
Uruguay (2005=100) 44.9 Oct 2025 monthly Jan 2000 - Oct 2025
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 95.9 Aug 2025 monthly Jan 2013 - Aug 2025

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Argentina Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Consolidated Fiscal Balance (USD mn) 359.919 Oct 2025 monthly Jan 1993 - Oct 2025
Tax Revenue (USD mn) 7,648.268 Nov 2025 monthly Jan 1997 - Nov 2025
Tax Revenue: % of GDP (%) 14.0 Sep 2025 quarterly Mar 2004 - Sep 2025
National Government Debt (USD mn) 465,353.1 Jun 2025 quarterly Dec 1994 - Jun 2025
Government Debt: % of GDP (%) 73.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Forecast: Government Expenditure (ARS bn) 527,411.583 2030 yearly 1993 - 2030
Forecast: Government Net Debt (ARS bn) 935,916.833 2030 yearly 1992 - 2030
Forecast: Government Revenue (ARS bn) 540,015.956 2030 yearly 1993 - 2030
Government Revenue: Taxes: Net Vat (ARS mn) 5,461,512.696 Nov 2025 monthly Jan 1997 - Nov 2025
Government Revenue: Social Security (ARS mn) 3,825,860.910 Nov 2025 monthly Jan 1997 - Nov 2025
NFPS 2017: Current Revenue (ARS mn) 11,100,431.700 Jan 2025 monthly Jan 2015 - Jan 2025
NFPS 2017: Current Expenditure (ARS mn) 10,331,070.300 Jan 2025 monthly Jan 2015 - Jan 2025
NFPS 2017: Capital Expenditure (ARS mn) 169,668.300 Jan 2025 monthly Jan 2015 - Jan 2025
NFPS 2017: Total Expenditure (ARS mn) 10,500,738.600 Jan 2025 monthly Jan 2015 - Jan 2025
Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) 599,753.200 Jan 2025 monthly Jan 2015 - Jan 2025
NFPS 2017: Total Revenue (ARS mn) 11,100,491.800 Jan 2025 monthly Jan 2015 - Jan 2025
Government Revenue: Taxes (ARS mn) 187,540.45 Jul 2018 monthly Jan 1997 - Jul 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.933 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,333.1 Nov 2025 monthly Jan 1991 - Nov 2025
Total Exports (USD mn) 8,597.1 Nov 2025 monthly Jan 1991 - Nov 2025
Total Exports Growth (%) 9.3 Oct 2025 monthly Jan 1992 - Oct 2025
Aluminum: Exports (USD th) 2,077.905 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 468,925.080 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 58,673.181 2024 yearly 1995 - 2024
Total Imports (USD mn) 6,264.0 Nov 2025 monthly Jan 1991 - Nov 2025
Total Imports Growth (%) 12.2 Nov 2025 monthly Jan 1992 - Nov 2025
Imports: Medicament (USD th) 1,250,723.052 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 1,428,643.832 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 832.795 Nov 2025 monthly Dec 1995 - Nov 2025
Total Imports from USA (USD mn) 415.099 Nov 2025 monthly Dec 1995 - Nov 2025
Total Exports to China (USD mn) 1,323.717 Nov 2025 monthly Jan 2003 - Nov 2025
Total Imports from China (USD mn) 1,478.109 Nov 2025 monthly Apr 1983 - Nov 2025
Exports: ytd: America: United States (USD mn) 7,241.790 Nov 2025 monthly Dec 2002 - Nov 2025
Exports: ytd: Asia: China (USD mn) 8,934.872 Nov 2025 monthly Dec 2002 - Nov 2025
Imports: ytd: America: United States (USD mn) 6,142.873 Nov 2025 monthly Dec 2002 - Nov 2025
Imports: ytd: Asia: China (USD mn) 16,419.658 Nov 2025 monthly Dec 2002 - Nov 2025
Exports: fob: Agricultural: Residues & Waste from Food Industry (USD mn) 9,022.071 2023 yearly 1989 - 2023
Exports: fob: Industrial: Transport Material (USD mn) 8,350.345 2023 yearly 1989 - 2023
Exports: fob: Primary Products: Cereals (USD mn) 8,705.911 2023 yearly 1989 - 2023
Exports: fob: Industrial: Chemicals & Related Products (USD mn) 4,286.131 2023 yearly 1989 - 2023
Exports: fob: Agricultural: Fats and Oils (USD mn) 5,821.010 2023 yearly 1989 - 2023
Export Value Index (2015=100) 137.248 2021 yearly 1980 - 2021
Import Value Index (2015=100) 104.950 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 637.6 Jun 2025 quarterly Mar 1992 - Jun 2025
Current Account Balance (USD mn) -1,580.8 Sep 2025 quarterly Mar 1976 - Sep 2025
Current Account Balance: % of GDP (%) -1.7 Jun 2025 quarterly Mar 2004 - Jun 2025
Foreign Direct Investment (USD mn) 4,248.0 Sep 2025 quarterly Mar 1977 - Sep 2025
Foreign Direct Investment: % of GDP (%) 2.5 Sep 2025 quarterly Mar 2004 - Sep 2025
Foreign Portfolio Investment (USD mn) -2,654.552 Sep 2025 quarterly Mar 1994 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 0.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -209.1 Sep 2025 quarterly Mar 1994 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -2,445.476 Sep 2025 quarterly Mar 1994 - Sep 2025
External Debt (USD mn) 305,042.7 Jun 2025 quarterly Mar 2006 - Jun 2025
External Debt: % of GDP (%) 43.5 2024 yearly 1994 - 2024
External Debt: Short Term (USD mn) 91,514.4 Sep 2025 quarterly Sep 2003 - Sep 2025
External Debt: Short Term: % of GDP (%) 13.1 2024 yearly 2003 - 2024
Forecast: Current Account Balance (USD bn) 9.498 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 30,322.646 Sep 2025 quarterly Mar 2016 - Sep 2025
BoP: Financial Account: Direct Invt: NIL: Equity Investments & Investment Fund S... (USD mn) 1,242.361 Sep 2025 quarterly Mar 2006 - Sep 2025
BoP: Financial Account: Other Investments (USD mn) -2,097.655 Sep 2025 quarterly Mar 2006 - Sep 2025
BoP: Current Account: Services: Import (USD mn) 5,998.348 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: FA: Liabilities: Financial Derivatives (USD mn) -26.385 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: FA: Assets: Financial Derivatives (USD mn) -8.156 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: Financial Account: Direct Invt: NIL: Debt Securities (USD mn) 658.550 Sep 2024 quarterly Mar 2006 - Sep 2024
Foreign Direct Investment (USD mn) 2,395.434 Sep 2024 quarterly Mar 2017 - Sep 2024
Foreign Direct Investment: Wholesale, Retail Trade & Repair of Motor Vehicles & ... (USD mn) -184.109 Sep 2024 quarterly Mar 2017 - Sep 2024
Foreign Direct Investment: Mining & Quarrying (USD mn) 718.119 Sep 2024 quarterly Mar 2017 - Sep 2024
Foreign Direct Investment: Deposit-taking Corporations, except Central Bank (USD mn) 871.099 Sep 2024 quarterly Mar 2017 - Sep 2024
Foreign Direct Investment: Manufacturing (USD mn) 371.240 Sep 2024 quarterly Mar 2017 - Sep 2024
AR: BOP: Financial Account: Portfolio Investment: Net (USD mn) 4,689.510 2024 yearly 1976 - 2024
AR: BOP: Net Errors and Omissions (USD mn) -4,468.784 2024 yearly 1976 - 2024
AR: BOP: Current Account: Personal Remittances: Received (USD mn) 1,044.365 2024 yearly 1978 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.2 Sep 2025 monthly Dec 2002 - Sep 2025
Household Debt: % of GDP (%) 6.6 Sep 2025 quarterly Dec 2004 - Sep 2025
Money Supply M1 (USD mn) 33,356.612 Oct 2025 monthly Jan 1990 - Oct 2025
Money Supply M2 (USD mn) 85,204.707 Sep 2025 monthly Jan 1990 - Sep 2025
M2 Growth (%) 37.9 Sep 2025 monthly Jan 1991 - Sep 2025
Reserve Requirement Ratio (%) 39.6 Jul 2025 monthly Apr 1985 - Jul 2025
Foreign Exchange Reserves (USD mn) 30,663.2 Oct 2025 monthly Dec 1956 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 4.714 Sep 2025 quarterly Dec 2004 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 4.3 Oct 2025 monthly Jan 1990 - Oct 2025
Gold Reserves (USD mn) 7,934.400 Oct 2025 monthly Dec 1956 - Oct 2025
Total Deposits (USD mn) 87,884.236 Nov 2025 monthly Jul 2002 - Nov 2025
Total Deposits Growth (%) 39.9 Nov 2025 monthly Jul 2003 - Nov 2025
Domestic Credit (USD mn) 213,262.4 Oct 2025 monthly Jan 1990 - Oct 2025
Domestic Credit Growth (%) 70.1 Oct 2025 monthly Jan 1991 - Oct 2025
Credit to Households (USD bn) 33.083 Jun 2025 quarterly Mar 1994 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 153.388 Jun 2025 quarterly Mar 1990 - Jun 2025
Household Debt (USD mn) 37,711.9 Oct 2025 monthly Dec 1999 - Oct 2025
Total Loans (USD mn) 228,344.515 Oct 2025 monthly Jan 1990 - Oct 2025
Total Loans Growth (%) 60.13 Oct 2025 monthly Jan 1991 - Oct 2025
Private Debt: % of Nominal GDP (%) 13.08 Jun 2025 quarterly Dec 2004 - Jun 2025
Money Supply: Month End: M2 (ARS th) 118,889,029,830.000 Oct 2025 monthly Jan 1990 - Oct 2025
Money Supply: Month End: M3 (ARS th) 202,829,474,089.000 Oct 2025 monthly Jan 1990 - Oct 2025
Money Supply: Month End: M1 (ARS th) 46,733,323,316.000 Dec 2024 monthly Jan 1990 - Dec 2024
ORA: Foreign Currency Reserves (FCR) (USD mn) 22,050.920 Jan 2025 monthly Jul 2006 - Jan 2025
Official Reserve Assets (ORA) (USD mn) 28,309.770 Jan 2025 monthly Dec 1999 - Jan 2025
Deposits: ARS (ARS mn) 127,563,968.367 Nov 2025 monthly Jul 2002 - Nov 2025
Loans: ARS: Non Financial: Private: Mortgages (ARS mn) 5,995,931.367 Nov 2025 monthly Jul 2002 - Nov 2025
Loans (ARS mn) 5,759,914.20 Jun 2018 monthly Jan 1990 - Jun 2018
Business and Economic Survey Last Frequency Range
Geopolitical Risk Index (%) 0.042 Nov 2025 monthly Jan 1985 - Nov 2025

More Indicators for Argentina

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