Overview
- The proposal would replace the quote-survey method set by Comunicación A3500 with a calculation derived from actual market transactions weighted by traded volume.
- The Banco Central de la República Argentina says the change targets greater precision, representativeness and transparency in the wholesale reference rate.
- Automated processing and outlier exclusion are intended to reduce operational errors and improve the traceability and auditability of the published figure.
- The Tipo de Cambio de Referencia is published daily and is used for banks’ accounting, contract settlements and pricing of USD-linked instruments.
- Public comments are open until Nov. 14, and the central bank notes several regional peers already use trade-based weighted averages, unlike Argentina, Brazil and Mexico.