brokewizard@fx-terminal:~$
$
./fx_analyzer  
  --sources=BCRA,MarketWatch,X.com 
  --output=charts
                  
[INFO] Connecting to BCRA API...
[INFO] Fetching ITCRM data stream...
[SUCCESS] Data pipeline established

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LET'S TALK ABOUT THE EXCHANGE RATE

How Argentina gains competitiveness through

ITCRM vs Exchange Rate & Inflation

The following charts visualize the relationship between the TCRM index, the wholesale exchange rate, and the monthly inflation rate in Argentina.

By analyzing these data streams, we aim to uncover potential correlations affecting the country's financial landscape.

Disclaimer:

While a high ITCRM is positive for the competitiveness of companies and the trade balance, it also implies a high value under the current exchange rate band system. In practice, this places the wholesale dollar very close to the upper bound——an uncomfortable zone for the Central Bank. Such conditions can generate both inflationary and devaluation pressures.

For more information, see Exchange Rate Band System Monitor.

FX_ANALYSIS
DATA_STREAMING
REAL_TIME
[TIMEFRAME]
FROM: 2023-12-01
TO: 2025-09-10
FREQ: DAILY
[METRICS]
EXCHANGE: VAR_ID_5
INFLATION: VAR_ID_27
[STATUS]
● API: ONLINE
● DATA: STREAMING
● ANALYSIS: ACTIVE
[LOADING_DATA_STREAM]
███████████

Establishing connection to BCRA API...

Buffering data stream...

DXY 2025 EVOLUTION

The U.S. Dollar Index (DXY) measures the value of the U.S. dollar relative to a basket of foreign currencies. In 2025, the DXY has experienced significant fluctuations due to various economic and geopolitical factors.

[LOADING_DXY_STREAM]
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Connecting to Federal Reserve data...

Loading DXY index values...

DXY VS BR ITCRM 2025

This chart compares the U.S. Dollar Index (DXY) with BR's TCRM index throughout 2025.

[LOADING_COMPARISON]
📡 📈 Loading comparison stream

Preparing series for DXY and Brazil ITCRM…

SYSTEM_DOCUMENTATION
>> ITCRM_INDEX
Multilateral Real Exchange Rate Index measuring Argentina's competitiveness against major trading partners. Higher values indicate real depreciation.
>> DATA_SOURCES
Real-time feed from BCRA API endpoints. Exchange rate (VAR_5) and inflation data (VAR_27) cross-referenced with ITCRM baseline.
[INFO] System operational since DEC-2023 | [WARN] Data subject to BCRA API rate limits | [ERROR] No critical errors detected
FX Analysis Dashboard - Real-time Argentine Economic Data | ArgyFortress.com