MONETARY AND FOREIGN EXCHANGE OPERATIONS

( March 1999)
CENTRAL BANK CERTIFICATES OF DEPOSIT (CDBCRP) In millions of nuevos soles Monday 08 Tuesday 09 Wednesday 10 Thursday 11 Friday 12
Stock of CDBCRP 179,9 180,0 191,9 231,9 277,9
Next due date of CDBCRP (March 15, 1999)         50,0
Amount of CDBCRP         150,0
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 87,8 188,5 79,6 127,6 106,7
- Proposals accepted 50,0 100,0 41,9 40,0 46,0
Interest rates accepted          
- Minimum 20,00% 20,00% 22,96% 24,96% 24,00%
- Maximum 29,00% 27,25% 30,00% 27,49% 26,84%
- Average 22,56% 23,81% 27,56% 26,93% 25,41%
Outcome of the buying auction sale CDBCRP (Repo)          
- Proposals received          
- Proposals accepted          
Interest rates accepted          
- Minimum          
- Maximum          
- Average          
Secondary Market of CDBCRP          
Amount traded          
Interest rates 1/          
- Minimum          
- Maximum          
- Average          
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of nuevos soles)          
- Interest rates          
SHORT TERM CREDITS (with CDBCRP guarenteed)          
- Amount (millions of US dollars)     1,6 3,1 3,1
- Interest rates     11,00% 11,00% 11,00%
SWAPS OPERATIONS OF FOREIGN CURRENCY          
- Amount (millions of US dollars)          
Fee (daily efective rate)          
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) 173,8 296,7 334,5 343,2 245,1
Interbanking operations (domestic currency)          
- Amount (millions of Soles) 174,7 273,1 289,3 211,3 169,1
Interes rates          
- Minimun 25,00% 19,00% 18,00% 10,00% 5,25%
- Maximun 35,00% 25,00% 25,00% 22,00% 18,00%
- Average 31,14% 22,22% 19,68% 13,86% 8,82%
Interbanking operations (foreign currency)          
- Amount (millions of US dollars) 146,9 145,0 128,5 119,0 142,5
Interes rates          
- Minimun 5,90% 6,00% 4,50% 5,00% 5,50%
- Maximun 10,25% 9,00% 8,75% 8,75% 8,25%
- Average 9,01% 8,32% 7,85% 7,52% 7,10%
Commercial Banks operations in the foreign exchange market (millions of US dollars)          
Spot net purchases -8,7 -10,9 -2,2 5,4 -8,6
Forwards net purchase -4,5 1,1 -7,8 2,1 1,3
Total spot operations 145,9 133,1 122,4 116,3 157,2
Total forward operations 8,6 4,4 16,5 6,2 20,8
1/ Profit rate to the buyer