ITCRM CCL (aprox BCRA)

This script calculates an approximation of the Real Multilateral Exchange Rate Index (ITCRM) with the CCL dollar, replicating the methodology of the Central Bank of Argentina (BCRA) but using the financial exchange rate (AL30C/AL30D) as a base.

Bilateral ARS/currency rates are built for Argentina’s main trading partners (Brazil, USA, Eurozone, China, etc.).

A weighted geometric average is applied according to trade shares.

The index is normalized to base 100 at the start of the series.

⚠️ This is a reference version, not official.