Monetary and foreign exchange operations - May 1998

CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP)
In millions of nuevos soles
Monday 11 Tuesday 12 Wednesday 13 Thursday 14 Friday 15
Stock of CDBCRP 919,8 959,8 1059,8 1059,8 1059,8
Next due date of CDBCRP (May 20, 1998) 34,8 34,8 34,8 34,8 34,8
Amount of CDBCRP 214,8 214,8 214,8 214,8 214,8
Outcome of the auction sale (due 12 weeks)          
- Proposals received 146,0 126,5 -- -- --
- Proposals accepted 70,0 40,0 -- -- --
Outcome of the auction sale (due 8 weeks)          
- Proposals received -- -- 150,90 -- --
- Proposals accepted -- -- 100,00 -- --
Interest rates accepted          
- Minimum 14,25% 14,43% 14,40% -- --
- Maximum 14,60% 14,50% 15,00% -- --
- Average 14,50% 14,49% 14,63% -- --
Outcome of the buying auction sale CDBCRP (Circular Nš 027- EF/90)          
- Proposals received -- -- -- -- --
- Proposals accepted -- -- -- -- --
Interest rates accepted          
- Minimum -- -- -- -- --
- Maximum -- -- -- -- --
- Average -- -- -- -- --
Secondary Market of CDBCRP          
Amount traded 41,2 3,3 43,1 36,4 18,7
Interest rates 1/          
- Minimum 12,14% 14,69% 14,45% 12,03% 14,15%
- Maximum 14,95% 14,70% 14,50% 14,69% 14,75%
- Average 14,52% 14,70% 14,47% 14,47% 14,48%
INTEREST RATE FOR SHORT TERM CREDITS          
SWAPS OPERATIONS OF FOREIGN CURRENCY          
Fee (daily efective rate) 0,0241% 0,0241% 0,0241% 0,0241% 0,0241%
- Amount (millions of US dollars) -- -- -- -- --
PURCHASES OF FOREIGN CURRENCY AT OVER-THE-COUNTER          
- Amount (millions of US dollars) 3,0 3,0 5,0 -- 8,00%
- Average exchange rate (S/. US$) 2,843 2,842 2,842 2,841 2,841
OTHER INDICATORS          
Commercial bank current account in the BCRP (Stock in millions of nuevos soles) 225,4 291,4 208,7 245,3 240,3
Interbanking operations (domestic currency)          
- Amount (millions of Soles) 107,7 205,7 141,1 120,1 78,1
Interes rates          
- Minimun 13,00% 13,50% 15,30% 16,50% 15,75%
- Maximun 17,50% 16,70% 17,50% 17,20% 18,00%
- Average 14,38% 15,82% 16,71% 16,82% 17,03%
Interbanking operations (foreign currency)          
- Amount (millions of US dollars) 70,4 91,4 111,5 122,4 93,1
Interes rates          
- Minimun 7,75% 7,50% 7,30% 7,90% 7,50%
- Maximun 8,65% 8,50% 9,00% 8,50% 8,50%
- Average 8,17% 8,10% 8,10% 8,07% 8,16%
Commercial Banks operations in the foreign exchange market (millions of US dollars)          
Spot net purchases 11,5 -36,1 -2,5 -7,1 5,4
Forwards net purchase -4,7 2,0 2,4 -1,9 -8,4
Total spot operations 256,9 285,5 255,8 175,1 205,1
Total forward operations 15,5 24,4 20,6 10,3 39,0
1/ Profit rate to the buyer

Last Update 18/05/1998
By GERENCIA DE ESTUDIOS ECONOMICOS