Static range

This is the maximum variation allowed with respect to the static price of the security and is different for each one. This static range is determined by analyzing the historical volatility of each security with respect to the static price. A range of 4%, 5%, 6%, 7% and 8% is established for static ranges. For New Market securities, a single static range of 10% is set and 8% for the Latibex 8%.