M1 Divided by International Reserves and Dollar Exchange Rate
The following report is obtained by dividing the daily value of M1 by the International Reserves, a value known as the M1 Shadow Dollar. This indicator is used as a reference to estimate the implicit exchange rate using the narrow measure of the money supply.
Warning about the following report
This value may be affected because M1 (variable #1232) has stale or missing data at the BCRA API. See the Sources page for details on where each report's data comes from.
M1 Divided by International Reserves and Dollar Exchange Rate
Values expressed in Pesos
Variations
M1 / International Reserves
Last
1115.5031
2026-05-07 : 1115.5031
Daily Variation
-0.5%
2026-05-06 : 1120.7399
Monthly Variation
-5.7%
2026-04-07 : 1182.5458
Annual Variation
-6.6%
2025-05-07 : 1194.2527
2-Year Variation
+36.2%
2024-05-07 : 819.0908
3-Year Variation
+358.7%
2023-05-07 : 243.1739
5-Year Variation
+1226.0%
2021-05-07 : 84.1226
10-Year Variation
+5006.9%
2016-05-07 : 21.8432