The financial dollar falls after touching the record of $400 for the first time at the beginning of the day

This Monday, the financial dollars marked a strong initial uptrendthat led Cash With CCL Settlement to break the much feared barrier of $400 in the early hours of the day, although its price drops during these hours. The same dynamic is seen in the MEP, which had also started rising, although now it has fallen slightly. The CCL is an expected initial jump, in a very hot day for markets around the world, as a consequence of the financial crisis that the United States is leading as a result of the fall of two banks in that country (Silicon Valley Bank and Signature Bank ).

The bankruptcy of North American banks that occurred last week and that is still ongoing is mainly due to a term mismatch and the drop in prices seen in US bonds from the rise in interest rates by the FED. And it is that these banks made placements of the available balances deposited by clients in long-term bonds, which are more sensitive to changes in interest rates. Thus, the fall of these banks is generating nervousness in others who have positions in US treasuries. There is fear of global contagion and, in this context, there is a trend for dollars to leave emerging markets, which tends to put pressure on local currencies (such as the peso) given a greater demand for dollars as a search for coverage.

That, at this time, seems to be having an impact on financial prices with strong volatility, while bankruptcy of SVB bank negatively impacted the main Wall Street indices at the opening, although they are now recovering slightly and, in this context, Argentine stocks and bonds are falling, like most emerging market assets, in a flight to quality process very marked for these hours.

In that context, the dollar counted with liquid (CCL)-operated with the Global 2030 bond- low $3.44 (-0.87%) and stands at $390.24. Thus, the spread with the wholesale exchange rate stands at 93.28%.

While, the MEP dollar-operated with the Global 2030 bond- low $1.93 (-0.5%) to $378.71. Consequently, the spread with the official stands at 87.57%.

This occurs in a journey that began with strong volatilitywhich is still holding, and is expected to be a day of great activity in the financial markets.

Find out more- I followed the price of the blue dollar, official, CCL and MEP in Argentina

Qatar dollar price, Monday, March 13

He qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Assets- rises $1.14 or 0.27% and trades at $417.06.

This exchange rate applies to consumption abroad with debit and credit cards over $300 per month.

Price of the tourist dollar or card dollar, Monday, March 13

The tourist dollar or retail card plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property for consumption with cards abroad up to u$s300 per month- advance $1 and quote at $364.93. In the previous week it was up $3.92.

Savings dollar price, Friday March 13

The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– advances 94 cents and sells at $344.07. In the previous week it was up $3.70.

Price of the wholesale dollar, Monday, March 13

The wholesale dollar, that directly regulates the BCRA, advances $1.17 (0.58%) and is offered at $201.90.

In the previous week, the wholesale exchange rate rose $2.45 below the $2.60 increase registered in the previous week.

Price of the blue dollar, Monday March 13

He dollar blue scales $5 and offers $378 for saleaccording to a survey of Ambit in caves of the city of Buenos Aires.

Price of the crypto dollar, Monday, March 13

He Crypto dollar or Bitcoin dollar rises 0.54% to $374.87, based on the average among local exchanges reported by Coinmonitor.

More notes on Dollar and Dollar blue