Argentina Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Argentina's real effective exchange rate was 126.81 in 2026 (projected), ranked 59th globally. This represents a 6.0% decrease from 2025. Data from BIS, covering 1994–2026.
Overview
Argentina's real effective exchange rate stood at 126.81 in 2026, a decline of +8.03 from 2025. Based on recent trends, this figure is projected to reach 132.04 by 2027. Argentina ranked 59th globally.
Argentina’s real effective exchange rate (REER) registered 126.81 in 2026, placing the country 59th in the global ranking and closely aligned with peers such as Czechia (127.14) and Poland (128.80). The REER has fallen dramatically from its all‑time peak of 498.67 in 2001, a period marked by severe fiscal imbalances and a sharp devaluation of the peso, to a historic trough of 98.85 in 2019 when currency controls and a temporary stabilization program temporarily restored competitiveness. Over the 33‑year coverage span, the index has trended downward, reflecting successive rounds of devaluation, inflation‑driven price adjustments and periodic policy interventions aimed at preserving export margins. The recent modest rise to 126.81 suggests a partial re‑appreciation as inflation moderates and the government pursues tighter monetary discipline. Continued fiscal consolidation and sustained low inflation will be pivotal in determining whether the REER resumes its long‑term depreciation or stabilises at a more competitive level.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 134.31 | - | - |
| 2028* trend | 133.18 | - | - |
| 2027* trend | 132.04 | - | - |
| 2026 | 126.81 | −8.03 | #59 |
| 2025 | 134.84 | +5.12 | #62 |
| 2024 | 129.72 | +3.12 | #99 |
| 2023 | 126.60 | +1.33 | #94 |
| 2022 | 125.27 | +22.18 | #93 |
| 2021 | 103.10 | +3.10 | #71 |
| 2020 | 100.00 | +1.15 | #52 |
| 2019 | 98.85 | −12.70 | #51 |
| 2018 | 111.55 | −24.73 | #87 |
| 2017 | 136.28 | +7.74 | #103 |
| 2016 | 128.54 | −27.04 | #99 |
| 2015 | 155.58 | +21.24 | #106 |
| 2014 | 134.33 | −28.76 | #104 |
| 2013 | 163.09 | −14.55 | #106 |
| 2012 | 177.64 | +5.68 | #106 |
Detected Pattern
Analysis
Argentina matched the Orthodox Tightening Cycle pattern in 2024. Historically, 57% of countries showing this pattern (177 out of 311) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Argentina's real effective exchange rate was 126.81 in 2026. Ranked 59th globally. This represents a 6.0% decrease from the previous year.
Argentina's real effective exchange rate peaked at 498.67 in 2001.
The lowest real effective exchange rate in Argentina was 98.85 in 2019.
Argentina ranks 59th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Argentina's real effective exchange rate is projected to reach 132.04 by 2027 based on trend extrapolation.
The real effective exchange rate of Argentina in 2026 was 126.81. This ranks 59th in the world.
Cite this page
@misc{historysaid_argentina_reer,
title = {Argentina Real Effective Exchange Rate},
url = {https://historysaid.com/argentina/reer/},
publisher = {HistorySaid},
year = {2026}
}