NER Bilateral vis à vis the US$

The Nominal Exchange Rate (NER) bilateral vis-à-vis the US dollar is the rate at which the domestic currency is exchanged for the US$, published by the Inter-American Development Bank (IDB) Latin Macro Watch for Latin America and the Caribbean. It reflects the value of the local currency in nominal terms relative to the dollar, without adjusting for inflation, and is a core variable for trade, currency, and external-sector analysis.

Coverage

The series spans 24 countries in Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026. Values are expressed in local currency, available as period averages or end-of-period observations. Available transformations include 3-, 6-, and 12-month moving averages (MA3, MA6, MA12) plus month-over-month (MoM %), quarter-over-quarter (QoQ %), and year-over-year (YoY %) growth rates.

Sources

Data are compiled from regional central banks, including the Banco Central do Brasil, Banco de Mexico (Banxico), Banco de la República de Colombia, and Banco Central de la República Argentina, and standardized within Latin Macro Watch for cross-country comparability. For some countries the series is built from internal calculations based on the underlying central-bank data.

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Format	CSV
Language	en
Country	Argentina Bahamas Trinidad & Tobago Belize Costa Rica Dominican Republic Ecuador Bolivia Brazil Chile Colombia El Salvador Jamaica Mexico Nicaragua Guatemala Guyana Haiti Honduras Panama Uruguay Venezuela Barbados Paraguay Peru Suriname
Data notes	What does this exchange rate indicator measure? It measures the nominal bilateral rate at which a country's domestic currency is exchanged for the US dollar, reflecting the local currency's value in nominal terms without adjusting for inflation. How many countries and which time period are covered? The indicator covers 24 countries across Latin America and the Caribbean over the period 1990-2026, at annual, monthly, and quarterly frequency. What units and transformations are available? Values are expressed in local currency as period averages or end-of-period observations, with MA3, MA6, MA12 moving averages and MoM %, QoQ %, and YoY % growth rates. Where does the data come from? The data are compiled from regional central banks, including the Banco Central do Brasil, Banco de Mexico (Banxico), Banco de la República de Colombia, and Banco Central de la República Argentina, then standardized within Latin Macro Watch. What is this indicator typically used for? It is used to analyze currency movements against the US dollar, assess external competitiveness and dollarized trade, and support exchange-rate and macroeconomic research. How do I cite this indicator? Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "NER Bilateral vis à vis the US$". data.iadb.org/dataset/latin-macro-watch-dataset.