MONETARY AND FOREIGN EXCHANGE OPERATIONS

( January 1999)
CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP) In millions of nuevos soles Monday 11 Tuesday 12 Wenesday 13 Thursday 14 Friday 15
Stock of CDBCRP 682,2 793,2 826,7 847,7 894,6
Next due date of CDBCRP (January 18, 1999) 40,0 120,0 120,0 120,0 120,0
Amount of CDBCRP 40,0 271,0 304,5 325,5 372,4
Auction sale of the Banco de la Nacion deposits          
- Proposals received          
- Proposals accepted          
Interest rates accepted          
- Minimum          
- Maximum          
- Average          
Outcome of the auction sale          
- Proposals received 300,0 164,5 33,5 21,0 80,9
- Proposals accepted 120,0 151,0 33,5 21,0 46,9
Interest rates accepted          
- Minimum 10,00% 9,96% 13,89% 17,25% 17,97%
- Maximum 10,49% 13,75% 17,30% 20,00% 21,00%
- Average 10,18% 11,60% 15,49% 18,02% 19,96%
Outcome of the buying auction sale CDBCRP (Repo)          
- Proposals received          
- Proposals accepted          
Interest rates accepted          
- Minimum          
- Maximum          
- Average          
Secondary Market of CDBCRP          
Amount traded     9,5
Interest rates 1/      
- Minimum     11,00%
- Maximum     11,00%
- Average     11,00%
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of nuevos soles) 4,1     4,1 4,4
- Interest rates 16,00%     16,00% 16,54%
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of US dollars)          
- Interest rates          
SWAPS OPERATIONS OF FOREIGN CURRENCY          
- Amount (millions of US dollars)         1,8
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)     -10,5
- Average exchange rate (S/. US$)     3271.000
OTHER INDICATORS          
Commercial bank current account in the BCRP (Stock in millions of nuevos soles) 181,8 217,6 179,6 203,0 162,1
Interbanking operations (domestic currency)          
- Amount (millions of Soles) 178,8 211,5 205,6 113,6 85,2
Interes rates          
- Minimun 5,00% 7,00% 8,00% 13,75% 13,00%
- Maximun 13,50% 13,50% 18,00% 20,00% 20,00%
- Average 8,15% 8,32% 13,02% 15,49% 16,54%
Interbanking operations (foreign currency)          
- Amount (millions of US dollars) 189,0 203,0 158,0 173,8 191,8
Interes rates          
- Minimun 6,80% 7,00% 7,00% 7,00% 7,00%
- Maximun 14,50% 14,50% 14,75% 14,75% 14,75%
- Average 12,14% 12,26% 12,54% 12,81% 12,40%
Commercial Banks operations in the foreign exchange market (millions of US dollars)          
Spot net purchases -3,1 -6,1 -2,6 18,6 -11,4
Forwards net purchase -5,1 -9,2 -7,9 -12,3 -4,0
Total spot operations 168,3 141,7 141,8 141,8 162,3
Total forward operations 13,6 12,1 14,3 19,1 6,0
1/ Profit rate to the buyer