MONETARY AND FOREIGN EXCHANGE OPERATIONS

( January 1999)
CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP) In millions of nuevos soles Monday 18 Tuesday 19 Wednesday 20 Thursday 21 Friday 22
Stock of CDBCRP 828,6 677,6 644,1 644,1 576,2
Next due date of CDBCRP (January 25, 1999) 151,0 33,5 21,0 46,9 54,0
Amount of CDBCRP 306,4 155,4 121,9 100,9 54,0
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 84,0        
- Proposals accepted 54,0        
Interest rates accepted          
- Minimum 18,47%        
- Maximum 20,89%        
- Average 20,19%        
Outcome of the buying auction sale CDBCRP (Repo)          
- Proposals received       41,0 117,0
- Proposals accepted       41,0 60,0
Interest rates accepted          
- Minimum       16,49% 17,02%
- Maximum       17,76% 18,00%
- Average       16,85% 17,18%
Secondary Market of CDBCRP          
Amount traded   2,0      
Interest rates 1/          
- Minimum   20,44%      
- Maximum   20,44%      
- Average   20,44%      
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of nuevos soles) 5,7 7,0 6,9 7,8 19,8
- Interest rates 16,00% 16,00% 16,00% 18,20% 18,67%
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of US dollars)          
- Interest rates          
SWAPS OPERATIONS OF FOREIGN CURRENCY          
- Amount (millions of US dollars) 4,5     22,6 0,1
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) 265,2 326,1 142,7 136,9 55,2
Interbanking operations (domestic currency)          
- Amount (millions of Soles) 109,8 116,7 180,3 132,6 209,2
Interes rates          
- Minimun 10,00% 3,00% 10,00% 14,00% 15,50%
- Maximun 21,50% 21,50% 22,00% 25,00% 27,00%
- Average 12,90% 7,99% 14,38% 18,20% 18,67%
Interbanking operations (foreign currency)          
- Amount (millions of US dollars) 135,6 172,1 161,8 156,0 179,5
Interes rates          
- Minimun 7,75% 7,00% 6,00% 4,75% 5,00%
- Maximun 14,75% 14,75% 14,75% 14,75% 14,75%
- Average 11,86% 12,17% 11,57% 11,30% 10,31%
Commercial Banks operations in the foreign exchange market (millions of US dollars)          
Spot net purchases 3,8 -17,6 4,8 3,1 11,7
Forwards net purchase -4,3 -6,8 -1,7 -5,1 -2,3
Total spot operations 143,5 152,9 167,4 124,0 166,9
Total forward operations 4,8 9,1 2,4 10,5 5,6
1/ Profit rate to the buyer