Overview
- The Central Bank opened the consultation on November 5 and will accept submissions through November 14, with no final decision taken yet.
- The draft replaces the current quote survey with a volume‑weighted average of executed FX operations sourced from major market participants.
- The plan includes automated exclusion of atypical values and full calculation automation to cut operational errors and enhance auditability.
- The A3500 is published daily and is used for banks’ accounting, contract settlement, and as a benchmark for USD‑linked instruments.
- The Bank says the change would align Argentina with peers such as Chile, Colombia, Peru, Guatemala, and Uruguay; today the A3500 is governed by a 2002 survey‑based rule.