{"help": "https://data.iadb.org/es/api/3/action/help_show?name=resource_show", "success": true, "result": {"access_url": "https://data.iadb.org/dataset/abea491d-2123-4aed-b94a-5dcd057e4fad/resource/5cf0d5a3-5543-4bbf-bb16-abaf79d414fc", "cache_last_updated": null, "cache_url": null, "created": "2026-06-24T15:51:09.376946", "data_notes": {"en": "### What does the RER bilateral vis-\u00e0-vis the US$ measure?\n\nIt is an index measuring the relative price of domestic goods and services compared to those of the United States, calculated by adjusting the nominal exchange rate by the ratio of the domestic CPI to the U.S. CPI. It gauges external competitiveness.\n\n### How many countries and which frequencies and periods are covered?\n\nThe RER index is available for 23 countries across Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026.\n\n### What units and transformations are available?\n\nSeries are provided as an index, including a 2023 = 100 base, and seasonally adjusted, with average-of-period and end-of-period variants. Transformations include MA3, MA6, MA12 moving averages and MoM %, QoQ %, and YoY % changes.\n\n### Where does the RER data come from?\n\nSeries are based on internal calculations using national central-bank and statistics-agency data \u2014 such as Internal calculations based on Banco Central do Brasil data, Internal calculations based on Banco de Mexico, and Internal calculations based on BCR Per\u00fa data \u2014 combined with the U.S. CPI, then standardized by the IDB Latin Macro Watch.\n\n### What are typical uses of this indicator?\n\nAnalysts use the bilateral RER to assess external competitiveness, detect currency over- or under-valuation against the US dollar, study exchange-rate misalignment, and compare relative price levels across Latin American and Caribbean economies.\n\n### How do I cite this indicator?\n\nCite it as: Inter-American Development Bank (IDB), Latin Macro Watch \u2014 \"RER Bilateral vis \u00e0 vis the US$\". data.iadb.org/dataset/latin-macro-watch-dataset.", "es": "### \u00bfQu\u00e9 mide el tipo de cambio real bilateral frente al US$?\n\nEs un \u00edndice que mide el precio relativo de los bienes y servicios nacionales respecto de los de Estados Unidos, calculado ajustando el tipo de cambio nominal por el cociente entre el IPC nacional y el IPC de Estados Unidos. Mide la competitividad externa.\n\n### \u00bfCu\u00e1ntos pa\u00edses y qu\u00e9 frecuencias y per\u00edodos se cubren?\n\nEl \u00edndice del TCR est\u00e1 disponible para 23 pa\u00edses de Am\u00e9rica Latina y el Caribe con frecuencia anual, mensual y trimestral, cubriendo de 1990 a 2026.\n\n### \u00bfQu\u00e9 unidades y transformaciones est\u00e1n disponibles?\n\nLas series se ofrecen como \u00edndice, incluida una base 2023 = 100, y desestacionalizadas, con variantes de promedio de per\u00edodo y fin de per\u00edodo. Las transformaciones incluyen medias m\u00f3viles MA3, MA6, MA12 y variaciones MoM %, QoQ % e YoY %.\n\n### \u00bfDe d\u00f3nde provienen los datos del TCR?\n\nLas series se basan en c\u00e1lculos internos con datos de bancos centrales y organismos de estad\u00edstica nacionales \u2014como Internal calculations based on Banco Central do Brasil data, Internal calculations based on Banco de Mexico e Internal calculations based on BCR Per\u00fa data\u2014 combinados con el IPC de Estados Unidos, y luego estandarizadas por el Latin Macro Watch del BID.\n\n### \u00bfCu\u00e1les son los usos t\u00edpicos de este indicador?\n\nLos analistas usan el TCR bilateral para evaluar la competitividad externa, detectar la sobre o subvaluaci\u00f3n de la moneda frente al d\u00f3lar, estudiar el desalineamiento cambiario y comparar los niveles de precios relativos entre las econom\u00edas de Am\u00e9rica Latina y el Caribe.\n\n### \u00bfC\u00f3mo cito este indicador?\n\nC\u00edtelo como: Banco Interamericano de Desarrollo (BID), Latin Macro Watch \u2014 \u00abRER Bilateral vis \u00e0 vis the US$\u00bb. data.iadb.org/dataset/latin-macro-watch-dataset.", "fr": "### Que mesure le TCR bilat\u00e9ral vis-\u00e0-vis de l'US$ ?\n\nC'est un indice mesurant le prix relatif des biens et services nationaux par rapport \u00e0 ceux des \u00c9tats-Unis, calcul\u00e9 en ajustant le taux de change nominal par le rapport entre l'IPC national et l'IPC des \u00c9tats-Unis. Il mesure la comp\u00e9titivit\u00e9 externe.\n\n### Combien de pays et quelles fr\u00e9quences et p\u00e9riodes sont couvertes ?\n\nL'indice du TCR est disponible pour 23 pays d'Am\u00e9rique latine et des Cara\u00efbes \u00e0 fr\u00e9quence annuelle, mensuelle et trimestrielle, couvrant de 1990 \u00e0 2026.\n\n### Quelles unit\u00e9s et transformations sont disponibles ?\n\nLes s\u00e9ries sont fournies sous forme d'indice, dont une base 2023 = 100, et corrig\u00e9es des variations saisonni\u00e8res, avec des variantes en moyenne de p\u00e9riode et en fin de p\u00e9riode. Les transformations comprennent les moyennes mobiles MA3, MA6, MA12 et les variations MoM %, QoQ % et YoY %.\n\n### D'o\u00f9 proviennent les donn\u00e9es du TCR ?\n\nLes s\u00e9ries reposent sur des calculs internes \u00e0 partir de donn\u00e9es de banques centrales et d'organismes statistiques nationaux \u2014 comme Internal calculations based on Banco Central do Brasil data, Internal calculations based on Banco de Mexico et Internal calculations based on BCR Per\u00fa data \u2014 combin\u00e9es avec l'IPC des \u00c9tats-Unis, puis harmonis\u00e9es par le Latin Macro Watch de la BID.\n\n### Quels sont les usages typiques de cet indicateur ?\n\nLes analystes utilisent le TCR bilat\u00e9ral pour \u00e9valuer la comp\u00e9titivit\u00e9 externe, d\u00e9tecter la sur- ou sous-\u00e9valuation de la monnaie face au dollar, \u00e9tudier le d\u00e9salignement du change et comparer les niveaux de prix relatifs entre les \u00e9conomies d'Am\u00e9rique latine et des Cara\u00efbes.\n\n### Comment citer cet indicateur ?\n\nCitez-le ainsi : Banque interam\u00e9ricaine de d\u00e9veloppement (BID), Latin Macro Watch \u2014 \u00ab RER Bilateral vis \u00e0 vis the US$ \u00bb. data.iadb.org/dataset/latin-macro-watch-dataset.", "pt_BR": "### O que a TCR bilateral frente ao US$ mede?\n\n\u00c9 um \u00edndice que mede o pre\u00e7o relativo dos bens e servi\u00e7os nacionais em compara\u00e7\u00e3o com os dos Estados Unidos, calculado ajustando a taxa de c\u00e2mbio nominal pela raz\u00e3o entre o IPC nacional e o IPC dos Estados Unidos. Mede a competitividade externa.\n\n### Quantos pa\u00edses e quais frequ\u00eancias e per\u00edodos s\u00e3o cobertos?\n\nO \u00edndice da TCR est\u00e1 dispon\u00edvel para 23 pa\u00edses da Am\u00e9rica Latina e do Caribe em frequ\u00eancia anual, mensal e trimestral, abrangendo de 1990 a 2026.\n\n### Quais unidades e transforma\u00e7\u00f5es est\u00e3o dispon\u00edveis?\n\nAs s\u00e9ries s\u00e3o fornecidas como \u00edndice, incluindo base 2023 = 100, e com ajuste sazonal, com variantes de m\u00e9dia do per\u00edodo e fim do per\u00edodo. As transforma\u00e7\u00f5es incluem m\u00e9dias m\u00f3veis MA3, MA6, MA12 e varia\u00e7\u00f5es MoM %, QoQ % e YoY %.\n\n### De onde v\u00eam os dados da TCR?\n\nAs s\u00e9ries baseiam-se em c\u00e1lculos internos com dados de bancos centrais e \u00f3rg\u00e3os de estat\u00edstica nacionais \u2014 como Internal calculations based on Banco Central do Brasil data, Internal calculations based on Banco de Mexico e Internal calculations based on BCR Per\u00fa data \u2014 combinados com o IPC dos Estados Unidos, e depois padronizadas pelo Latin Macro Watch do BID.\n\n### Quais s\u00e3o os usos t\u00edpicos deste indicador?\n\nOs analistas usam a TCR bilateral para avaliar a competitividade externa, detectar a sobre ou subvaloriza\u00e7\u00e3o da moeda frente ao d\u00f3lar, estudar o desalinhamento cambial e comparar os n\u00edveis de pre\u00e7os relativos entre as economias da Am\u00e9rica Latina e do Caribe.\n\n### Como fa\u00e7o para citar este indicador?\n\nCite-o como: Banco Interamericano de Desenvolvimento (BID), Latin Macro Watch \u2014 \"RER Bilateral vis \u00e0 vis the US$\". data.iadb.org/dataset/latin-macro-watch-dataset."}, "datastore_active": true, "datastore_contains_all_records_of_source_file": false, "description": "The Real Exchange Rate (RER) bilateral vis-\u00e0-vis the US dollar is an index that measures the relative price of domestic goods and services compared to those of the United States. It is calculated by adjusting the nominal exchange rate by the ratio of the domestic Consumer Price Index (CPI) to the U.S. CPI, providing a key gauge of external competitiveness and currency over- or under-valuation. This indicator is part of the Inter-American Development Bank (IDB) Latin Macro Watch for Latin America and the Caribbean.\n\n### Coverage\nThe RER index is available for 23 countries across Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026. Series are published as an index, including an index rebased to 2023 = 100, and seasonally adjusted, with average-of-period and end-of-period variants. Transformations include moving averages (MA3, MA6, MA12) and month-over-month (MoM %), quarter-over-quarter (QoQ %), and year-over-year (YoY %) changes.\n\n### Sources\nSeries are based on internal calculations using national central-bank and statistics-agency data, including Internal calculations based on Banco Central do Brasil data, Internal calculations based on Banco de Mexico, Internal calculations based on Banco de la Rep\u00fablica de Colombia data, and Internal calculations based on BCR Per\u00fa data, combined with the U.S. CPI. The Latin Macro Watch standardizes these real-exchange-rate series so analysts and policymakers can compare external competitiveness across the region on data.iadb.org.", "format": "CSV", "hash": "", "id": "5cf0d5a3-5543-4bbf-bb16-abaf79d414fc", "indicator_category": "Prices and Wages", "is_indicator": true, "language": ["en"], "last_modified": "2026-06-26T01:31:49.874472", "metadata_modified": "2026-06-26T01:31:56.178592", "mimetype_inner": null, "name": "RER Bilateral vis \u00e0 vis the US$", "package_id": "abea491d-2123-4aed-b94a-5dcd057e4fad", "position": 635, "resource_type": null, "rights": {"en": "", "es": "", "fr": "", "pt_BR": ""}, "size": null, "state": "active", "theme": {}, "url": ""}}