Sources

Data published by the BCRA

BCRA variable data is obtained daily via the official BCRA public API. This replaced the previous approach of scraping data directly from the BCRA website.

It is important to note that the BCRA publishes its data with several days of delay (generally 5 to 10 days). In addition, certain data — specifically bank account information — is published with an even greater delay.

This is why the information on the site may appear delayed.

Data Completion

Since the BCRA does not provide data for every day (e.g. weekends or holidays), to develop the charts on days without data, the value from the last preceding day with records is used. For example, if July 9 has no records due to a public holiday, but July 8 and July 10 do, the values from July 8 are used to fill in July 9.

Dollar Blue

Given that this site has been running for over ten years, the Dollar Blue historical series was built from multiple sources over time, which are unified into a single continuous series:

• Up to January 1, 2019: Data collected by a previous version of the system from Cronista.
• From January 2, 2019 onwards: Data obtained from ambito.com via active automated scraping.

MERVAL Index

Similarly, the MERVAL historical series was built from multiple sources unified into a single continuous series:

• Up to November 26, 2018: Data collected by a previous version of the system from Invertia.
• From November 27, 2018 to August 30, 2024: Data collected by a previous version of the system from Ámbito Financiero.
• From August 31, 2024 onwards: Data obtained from Yahoo Finance via active automated scraping.

Own Elaboration

Some series shown on the site are not published directly by any official source but are calculated by this site from primary data. These are labeled "Own Elaboration" in the per-page breakdown below. Typical operations include: dividing a monetary aggregate in ARS by an exchange rate to obtain a USD value, summing two monetary aggregates, dividing one series by another to express it as a ratio, and computing year-over-year percentage change using the formula ((current value / value one year prior) × 100) − 100.

Sources by Page

Home

• BCRA Variable #15 — Monetary base (millions of ARS)
• BCRA Variable #1 — International reserves (millions of USD)

Monetary Base

• BCRA Variable #15 — Monetary base (millions of ARS)

Monetary Base in USD

• Elaboración Propia: monetary base (BCRA Variable #15) ÷ Dollar Blue
• Elaboración Propia: monetary base (BCRA Variable #15) ÷ wholesale reference exchange rate (BCRA Variable #5)

Monetary Base / International Reserves

• Elaboración Propia: monetary base (BCRA Variable #15) ÷ international reserves (BCRA Variable #1)
• Dollar Blue (see Dollar Blue section above)
• BCRA Variable #5 — Wholesale reference exchange rate (official USD)
• Elaboración Propia: percentage difference between Dollar Blue and official USD

Monetary Base Components

• BCRA Variable #16 — Monetary circulation (millions of ARS)
• BCRA Variable #17 — Banknotes and coins held by the public (millions of ARS)
• BCRA Variable #18 — Cash in pesos held by financial institutions (millions of ARS)
• BCRA Variable #19 — Deposits of financial institutions in current account at the BCRA (millions of ARS)

International Reserves

• BCRA Variable #1 — International reserves (millions of USD)

International Reserves Composition

• BCRA Variable #75 — Gross reserve assets: gold, foreign exchange, term placements and other reserve assets (millions of USD)
• BCRA Variable #76 — FX swap liability with the rest of the world (millions of USD)
• BCRA Variable #83 — SDR allocations 2009 (millions of USD)
• BCRA Variable #74 — International reserves excluding 2009 SDR allocations (millions of USD)

International Reserves Variation Factors

• BCRA Variable #78 — Change in international reserves from FX purchases (millions of USD)
• BCRA Variable #79 — Change from operations with international organizations (millions of USD)
• BCRA Variable #80 — Change from other public sector operations (millions of USD)
• BCRA Variable #81 — Change from minimum cash requirements (millions of USD)
• BCRA Variable #82 — Change from other operations not included elsewhere (millions of USD)

M1

• BCRA Variable #1232 — M1: banknotes and coins held by the public + cancellation checks in pesos + current accounts of the private and public sector in pesos (millions of ARS)

M1 in USD

• Elaboración Propia: M1 (BCRA Variable #1232) ÷ Dollar Blue
• Elaboración Propia: M1 (BCRA Variable #1232) ÷ wholesale exchange rate (BCRA Variable #5)

M1 / International Reserves

• Elaboración Propia: M1 (BCRA Variable #1232) ÷ international reserves (BCRA Variable #1)
• Dollar Blue (see Dollar Blue section above)
• BCRA Variable #5 — Wholesale reference exchange rate (official USD)

M2

• BCRA Variable #109 — M2 (millions of ARS)
• BCRA Variable #197 — Transactional M2 of the private sector (millions of ARS)

M2 in USD

• Elaboración Propia: M2 (BCRA Variable #109) ÷ Dollar Blue
• Elaboración Propia: M2 (BCRA Variable #109) ÷ wholesale exchange rate (BCRA Variable #5)
• Elaboración Propia: transactional private M2 (BCRA Variable #197) ÷ Dollar Blue
• Elaboración Propia: transactional private M2 (BCRA Variable #197) ÷ wholesale exchange rate (BCRA Variable #5)

M2 / International Reserves

• Elaboración Propia: M2 (BCRA Variable #109) ÷ international reserves (BCRA Variable #1)
• Dollar Blue (see Dollar Blue section above)
• BCRA Variable #5 — Wholesale reference exchange rate (official USD)

M3

• BCRA Variable #1234 — M3: M2 + term deposits and other deposits of the private and public sector in pesos (millions of ARS)

M3 in USD

• Elaboración Propia: M3 (BCRA Variable #1234) ÷ Dollar Blue
• Elaboración Propia: M3 (BCRA Variable #1234) ÷ wholesale exchange rate (BCRA Variable #5)

M3 / International Reserves

• Elaboración Propia: M3 (BCRA Variable #1234) ÷ international reserves (BCRA Variable #1)
• Dollar Blue (see Dollar Blue section above)
• BCRA Variable #5 — Wholesale reference exchange rate (official USD)

Deposits

• BCRA Variable #21 — Total cash deposits at financial institutions (millions of ARS)
• BCRA Variable #22 — Deposits in current accounts (net of FUCO usage), millions of ARS
• BCRA Variable #23 — Deposits in savings accounts (millions of ARS)
• BCRA Variable #24 — Time deposits (millions of ARS)
• BCRA Variable #12 — Interest rate on 30-day deposits at financial institutions (% per annum)

Deposits by Sector

• BCRA Variable #1241 — Vista deposits of the private sector (current accounts and savings accounts) (millions of ARS)
• BCRA Variable #1242 — Term deposits of the private sector (time deposits and investments) (millions of ARS)
• BCRA Variable #1229 — Total deposits of the public sector (millions of ARS)
• BCRA Variable #1230 — Vista deposits of the public sector (current accounts and savings accounts) (millions of ARS)
• BCRA Variable #1231 — Term deposits of the public sector (time deposits and investments) (millions of ARS)

USD Deposits

• BCRA Variable #1563 — Total deposits and other liabilities of financial institutions of the non-financial private sector (millions of USD)
• BCRA Variable #1564 — Total cash deposits of the non-financial private sector (millions of USD)
• BCRA Variable #1193 — Interest rate on USD time deposits (% per annum)
• BCRA Variable #1194 — Interest rate on USD time deposits for individuals (% per annum)
• BCRA Variable #1195 — Interest rate on USD time deposits for legal entities (% per annum)

Deposits by Holder

• BCRA Variable #981 — Total private-sector deposits by holder (MEyML, millions of ARS)
• BCRA Variable #982 — Deposits held by individuals (personas humanas) (millions of ARS)
• BCRA Variable #983 — Deposits held by companies (personas jurídicas) (millions of ARS)
• BCRA Variable #986 — Deposits held by mutual funds (FCIs) (millions of ARS)
• BCRA Variable #990 — Deposits held by SMEs (PyMEs) (millions of ARS)
• BCRA Variable #1014 — Private-sector checking-account deposits (millions of ARS)
• BCRA Variable #1047 — Private-sector savings-account deposits (millions of ARS)
• BCRA Variable #1080 — Private-sector time deposits (plazos fijos) (millions of ARS)

Financial System Liquidity

• BCRA Variable #1224 — BCRA credits to the financial system (millions of ARS)
• BCRA Variable #1221 — Liquidity in pesos of financial institutions (% of deposits)
• BCRA Variable #1228 — Liquidity of financial institutions in pesos and foreign currency (% of deposits)

Loans

• BCRA Variable #26 — Loans from financial institutions to the private sector (millions of ARS)
• BCRA Variable #14 — Interest rate on personal loans (% per annum)
• BCRA Variable #13 — Interest rate on current account overdrafts (% per annum)

Loans by Type

• BCRA Variable #1235 — Loans to the private sector via advances and discounts (millions of ARS)
• BCRA Variable #1236 — Personal loans and credit card loans (millions of ARS)
• BCRA Variable #1237 — Mortgage and pledge loans to the private sector (millions of ARS)
• BCRA Variable #1238 — Other loans to the private sector (millions of ARS)

Mortgage and Secured Loans

• BCRA Variable #1115 — New-home mortgage loans (MEyML, millions of ARS)
• BCRA Variable #1116 — Used-home mortgage loans (MEyML, millions of ARS)
• BCRA Variable #1113 — Construction mortgage loans (MEyML, millions of ARS)
• BCRA Variable #1114 — Renovation mortgage loans (MEyML, millions of ARS)
• BCRA Variable #1117 — Other mortgage loans (MEyML, millions of ARS)
• BCRA Variable #1118 — Auto pledge loans (MEyML, millions of ARS)
• BCRA Variable #1119 — Machinery pledge loans (MEyML, millions of ARS)
• BCRA Variable #1120 — Other pledge loans (MEyML, millions of ARS)

Loans by Borrower

• BCRA Variable #882 — Total private-sector loans by borrower (MEyML, millions of ARS)
• BCRA Variable #883 — Loans to individuals (personas humanas) (millions of ARS)
• BCRA Variable #884 — Loans to companies (personas jurídicas) (millions of ARS)
• BCRA Variable #891 — Loans to SMEs (PyMEs) (millions of ARS)
• BCRA Variable #915 — Mortgage loans by borrower type (millions of ARS)
• BCRA Variable #948 — Secured (pledge) loans by borrower type (millions of ARS)

Percentage Loans vs. Deposits

• Elaboración Propia: (loans / deposits) × 100 — using BCRA Variables #26 and #21

Interest Rates

• BCRA Variable #7 — BADLAR rate, private banks (% per annum)
• BCRA Variable #138 — BADLAR rate, public and private banks (% per annum)
• BCRA Variable #11 — BAIBAR rate (% per annum)
• BCRA Variable #8 — TM20 rate, private banks (% per annum)
• BCRA Variable #44 — TAMAR rate, private banks (% per annum)
• BCRA Variable #135 — TAMAR rate, public and private banks (% per annum)
• BCRA Variable #164 — Rate on BCRA active repo operations, 1 day (% per annum)
• BCRA Variable #162 — Rate on BCRA passive repo operations, 1 day (% per annum)
• BCRA Variable #14 — Interest rate on personal loans (% per annum)
• BCRA Variable #13 — Interest rate on current account overdrafts (% per annum)
• BCRA Variable #12 — Interest rate on 30-day deposits (% per annum)

Lending Interest Rates

• BCRA Variable #1215 — Credit card interest rate (% per annum)
• BCRA Variable #1216 — Single-signature document rate (% per annum)
• BCRA Variable #14 — Personal loan rate (% per annum)
• BCRA Variable #13 — Current account advance rate (% per annum)
• BCRA Variable #1217 — Fixed-rate mortgage rate (% per annum)
• BCRA Variable #1218 — Fixed-rate auto/equipment (pledge) loan rate (% per annum)
• BCRA Variable #1240 — UVA mortgage rate (% per annum)

Deposit Interest Rates

• BCRA Variable #1203 — Savings account rate (caja de ahorro) (% per annum)
• BCRA Variable #12 — 30-day deposit reference rate (% per annum)
• BCRA Variable #1205 — 7–59 day time deposit rate (% per annum)
• BCRA Variable #1208 — 60-day-or-more time deposit rate (% per annum)

BCRA Repo Operations

• BCRA Variable #152 — BCRA passive repo operations, balance including repos with mutual funds (millions of ARS)
• BCRA Variable #154 — BCRA active repo operations, balance (millions of ARS)
• BCRA Variable #153 — BCRA passive repos with mutual funds, balance (millions of ARS)
• BCRA Variable #151 — Third-party repo operations, 1 day, amount (millions of ARS)
• BCRA Variable #150 — Interest rate on third-party repo operations, 1 day (% per annum)

Fiscal-Monetary Interface

• BCRA Variable #1225 — Temporary advances from the BCRA to the National Government (millions of ARS)
• BCRA Variable #1260 — Leliq and notaliq (millions of ARS)
• BCRA Variable #1265 — Government deposits at the BCRA in pesos (millions of ARS)
• BCRA Variable #1266 — Government deposits at the BCRA in foreign currency (millions of USD)

CER

• BCRA Variable #30 — Reference stabilization coefficient (base 2.2.02=1)

UVA — Unit of Purchasing Value

• BCRA Variable #31 — Unit of purchasing value (base 31.3.16=14.05, in ARS)

UVI — Unit of Dwelling

• BCRA Variable #32 — Unit of dwelling (base 31.3.16=14.05, in ARS)

ICL — Rental Contract Index

• BCRA Variable #40 — Index for rental contracts (base 30.6.20=1, in ARS)

Monthly Inflation

• BCRA Variable #27 — Monthly variation of the consumer price index (%)

Annual Inflation

• BCRA Variable #28 — Year-over-year variation of the consumer price index (%)

Expected Inflation

• BCRA Variable #29 — Median expected year-over-year CPI variation for the next 12 months (Market Expectations Survey — REM) (%)

MERVAL Index

• MERVAL index (see MERVAL Index section above)

MERVAL in USD

• Elaboración Propia: MERVAL index ÷ Dollar Blue

Annual Profitability

• Elaboración Propia: year-over-year percentage change of the Dollar Blue — ((current / prior year) × 100) − 100
• Elaboración Propia: year-over-year percentage change of the official USD (BCRA Variable #5)
• Elaboración Propia: year-over-year percentage change of the MERVAL index
• BCRA Variable #12 — Interest rate on 30-day deposits (% per annum)