Monetary and Foreing Exchange Operations - November 1998

CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP)
In millions of nuevos soles
Monday 23 Tuesday 24 Wednesday 25 Thursday 26 Friday 27
Stock of CDBCRP 436,0 436,0 396,0 346,0 346,0
Next due date of CDBCRP (November 30, 1998) 40,0 40,0 50,0 25,0 25,0
Amount of CDBCRP 115,0 115,0 75,0 25,0 25,0
Outcome of the auction sale (due 1 week)          
- Proposals received          
- Proposals accepted          
Interest rates accepted          
- Minimum          
- Maximum          
- Average          
Outcome of the auction sale (due 4 weeks)          
- Proposals received          
- Proposals accepted          
Interest rates accepted          
- Minimum          
- Maximum          
- Average          
Outcome of the buying auction sale CDBCRP (Repo)          
- Proposals received 174,3 129,0   89,0 20,0
- Proposals accepted 150,0 100,0   60,0 20,0
Interest rates accepted          
- Minimum 18,01% 19,04%   16,49% 15,01%
- Maximum 21,33% 18,27%   16,49% 15,01%
- Average 18,69% 18,36%   16,49% 15,01%
Secondary Market of CDBCRP          
Amount traded          
Interest rates 1/          
- Minimum          
- Maximum          
- Average          
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of nuevos soles)   39,0      
- Interest rates   21,37%      
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of US dollars) 70,0   7,9 7,9  
- Interest rates 14,47%   15,93% 15,43%  
SWAPS OPERATIONS OF FOREIGN CURRENCY          
- Amount (millions of US dollars) 2,3 5,5 29,4 14,5 20,1
Fee (daily efective rate) 0,0241% 0,0241% 0,0241% 0,0241% 0,0241%
PURCHASES OF FOREIGN CURRENCY AT OVER-THE-COUNTER          
- Amount (millions of US dollars)          
- Average exchange rate (S/. US$)          
OTHER INDICATORS          
Commercial bank current account in the BCRP (Stock in millions of nuevos soles) 50,1 98,7 76,3 130,8 84,0
Interbanking operations (domestic currency)          
- Amount (millions of Soles) 251,4 161,2 246,6 165,7 202,5
Interes rates          
- Minimun 17,50% 17,00% 13,75% 13,75% 11,00%
- Maximun 30,00% 22,00% 20,00% 21,00% 15,50%
- Average 22,44% 18,42% 15,46% 16,04% 12,81%
Interbanking operations (foreign currency)          
- Amount (millions of US dollars) 99,5 50,0 15,0 68,0 115,0
Interes rates          
- Minimun 6,00% 5,00% 9,00% 5,00% 5,00%
- Maximun 17,00% 17,00% 17,00% 17,00% 17,00%
- Average 14,47% 8,77% 15,93% 15,43% 16,09%
Commercial Banks operations in the foreign exchange market (millions of US dollars)          
Spot net purchases -20,2 2,0 -25,9 -0,7 12,5
Forwards net purchase 18,4 -5,7 -2,5 0,3 1,2
Total spot operations 210,8 168,8 127,4 131,2 122,2
Total forward operations 37,7 19,4 3,8 4,8 1,7
1/ Profit rate to the buyer