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Tipo / Ingresos 2017 2018 2019

Ingresos 21,528.00 36,597.60 62,215.92


Total 21,528.00 36,597.60 62,215.92

CANTIDAD DE INICIO de vistas 1200


PRECIO medio 17.94
CRECIMIENTO DE VENTAS 70%
2020 2021
105,767.06 179,804.01
105,767.06 179,804.01
Descripción Cantidad
Tecnología
Implementacion del portal 1
Constitucion de la empresa 1
Total

capital de trabajo ppc


ppp
ppi
S/. Unitario S/. Total Periodicidad

S/. 3,000.00 S/. 3,000.00


S/. 2,000.00 S/. 2,000.00
S/. 5,000.00

90
60
80
Marketing - Plan de medios

1
MK 2017 2018 2019 2020 2021
Servicio de Publicidad en la web
( Facebook, Twitter e Instagram) 3229.2 5489.64 9332.39 15865 26971
Gastos de Representacion 1076.4 1829.88 3110.8 5288.35 8990.2

Total MKT 4305.6 7319.52 12443 21153 35961

Publicidad
Servicio de Publicidad en la web
( Facebook, Twitter e Instagram) 15% resp 0.15
Gastos de Representacion 5% respec 0.05
1
2017 2018 2019 2020 2021
Alquiler, Servicios,otros 1,506.96 2,561.83 4,355.11 7,403.69 12,586.28

Total 1,506.96 2,561.83 4,355.11 7,403.69 12,586.28

ADMINISTRATIVOS
Alquiler, Servicios,otros 7.0% respecto 0.07
1
2017 2018 2019 2020
Servicio de Mantenimiento de Web 430.6 732.0 1244.3 2115.3
Compra de Dominio S/. 60.00 S/. 60.00 S/. 60.00 S/. 60.00
Hosting S/. 619.00 S/. 619.00 S/. 619.00 S/. 619.00

Total 1109.6 1410.952 1923.3184 2794.3413


5.15% 3.86% 3.09% 2.64%

2% respecto
Servicio de Mantenimiento de Web a las ventas 0.02
2021
3596.1
S/. 60.00
S/. 619.00

4275.0802
2.38%
1
2017 2018
Responsable de comunicación y marketing 1076 1830
Asesoramiento Contable 5000 500

Total 6076.4 2329.88

RRHH
Responsable de comunicación y marketing 5% respecto a las ventas 0.05
1
2019 2020 2021
3111 5288 8990
500 500 500

3610.796 5788.3532 9490.2004


1
2017 2018 2019 2020 2021
Alquiler, Servicios,otros 861.12 1,463.90 2,488.64 4,230.68 7,192.16

Total 861.12 1,463.90 2,488.64 4,230.68 7,192.16

Otros Costos 4.0% respecto 0.04


MARKETING Y VEN
Servicio de Publicidad en la web
( Facebook, Twitter e Instagram)
Gastos de Representacion
ADMINISTRATIV
Alquiler, Servicios,otros
TECNOLOGIA
Servicio de Mantenimiento de Web
Compra de Dominio
Hosting
STAFF - Administra
Administración
MARKETING Y VENTAS

15% respecto a las ventas 0.15


5% respecto a las ventas 0.05
ADMINISTRATIVOS
7.0% respecto a las ventas 0.07
TECNOLOGIA
2% respecto a las ventas 0.02

STAFF - Administración
1% 0.01
TIEMPO AÑO 0 1
Ingresos 21,528.00

Ingresos (servicio 1) 21,528.00

Total Costos Directos - 2,929.12

Costos Marketing y Ventas 4,305.60


Costos Tecnología 1,109.56
Costos RRHH 6,076.40
Costos Administrativos 1,506.96
Costos Otros 861.12

Contingencia de Costos 5% - 477.70


Depreciación 83.33

Margen Operativo - 18,598.88

Total Costos Indirectos - 215.28

Staff - Administracion 1% - 215.28

Utilidad Antes de Impuestos - 18,383.60

Impuestos 30% - 5,515.08

Utilidad Neta - 12,868.52


Flujo de Caja Proyectado
Mes 0 1

Flujo Bruto 0 12,952

Inversión S/. 5,000.0 5,000

Flujo Neto -5,000 12,952

Tasa de Descuento

VAN INGRESOS

VAN FLUJO NETO

PERIODO DE RECUPERO CONTABLE

Periodo de Recupe Mes 0


-5,000
2 3 4 5
36,597.60 62,215.92 105,767.06 179,804.01

36,597.60 62,215.92 105,767.06 179,804.01

4,497.40 7,545.98 12,728.56 21,538.96

7,319.52 12,443.18 21,153.41 35,960.80


1,410.95 1,923.32 2,794.34 4,275.08
2,329.88 3,610.80 5,788.35 9,490.20
2,561.83 4,355.11 7,403.69 12,586.28
1,463.90 2,488.64 4,230.68 7,192.16

388.33 618.89 1,010.85 1,677.19


83.33 83.33 83.33 83.33

32,100.20 54,669.94 93,038.50 158,265.05

365.98 622.16 1,057.67 1,798.04

365.98 622.16 1,057.67 1,798.04

31,734.23 54,047.78 91,980.83 156,467.01

9,520.27 16,214.33 27,594.25 46,940.10

22,213.96 37,833.45 64,386.58 109,526.91


2 3 4 5

22,297 37,917 64,470 109,610

22,297 37,917 64,470 109,610

Anual
10.00% 327.8% TIR (ANUAL)

280,445

165,783

1 2 3 4
12,952 22,297 37,917 64,470
7,952 30,249 68,166 132,636
0 0 0 0
DOLARES

Compra del activo $5,000

Crecimiento de mercado 70.0%


Precio $17.94

Comisiones de ventas 20.0% ventas


Gastos Transporte 7.0% ventas

Depreciación lineal 60 años


Tasa Impositiva 30.0%

Recupero de Inversión
Capital de trabajo (fondo de maniobra) 30.0%
Valor venta de activo $4,000

Tasas
Costo de la deuda (antes de impuesto) 8.0%
Costo de la deuda (despues imp) 5.6%
Riesgo País 2.25%
Beta desapalancada 1.01
Beta apalancado 2.07
Rf 2.6%
Prima de mercado 6.1%
Retorno del accionista 17.5%

Pasivo 60.00% Histograma


Patrimonio 40.00%
Plazo credito 5.0 años

ROA de laempresa 12.0%

Fondo de Maniobra
Inversión en clientes. PPC 90 días de las ventas
Inventarios. PPI 60 días de Costo de MP
Proveedores. PPP 80 días de Costo de MP
Efectivo 1.80% % de las ventas
base de calculo Año 360 días
2017 2018 2019 2020
Mercado 0 0 0 0
Share 0 0 0 0
70.00% 70.00% 70.00%
Año 1 Año 2 Año 3 Año 4
Ingresos $21,528 $36,598 $62,216 $105,767
COSTO DE VENTAS
COSTOS FIJOS $861 $1,464 $2,489 $4,231
Margen bruto $20,667 $35,134 $59,727 $101,536
Gastos MKT Y VENTAS $4,306 $7,320 $12,443 $21,153
Gastos ADM $1,507 $2,562 $4,355 $7,404
Gastos TECNOLOGIA $1,110 $1,411 $1,923 $2,794
Otros costos $478 $388 $619 $1,011
EBITDA $13,267 $23,453 $40,387 $69,174
Depreciación $83 $83 $83 $83
EBIT $13,184 $23,370 $40,303 $69,091
Impuestos $3,955 $7,011 $12,091 $20,727
Depreciacion $83 $83 $83 $83
NOPAT $9,312 $16,442 $28,296 $48,447
CAPEX $5,000 $500 $500 $500 $500
Inv k de w $5,770 $4,039 $6,866 $11,672
Valor de rescate
Recuperacion k w
FCF (5,000) 3,042 11,903 20,930 36,275

valor presente flujo $2,757 $9,773 $15,571 $24,453


Recupero descontado $2,243 $7,530 $23,101 $47,553

CCPP (WACC) 10.36%


VAN 97,467
TIR 171.56% PI 20.49
TIR modificada 102.47%
2017 2018 2019 2020
Cuentas por cobrar $5,382 $9,149 $15,554 $26,442
Inventarios $0 $0 $0 $0
Efectivo $388 $659 $1,120 $1,904
Cuentas por pagar $0 $0 $0 $0
Fondo de maniobra $5,770 $9,808 $16,674 $28,346
Inversiones $5,770 $4,039 $6,866 $11,672
2017 2018 2019 2020
Activo bruto $5,000 $5,500 $6,000 $6,500 $7,000
Depreciacion $83 $92 $100 $108
Activos fijos neto $5,000 $5,417 $5,825 $6,225 $6,617
2017 2018 2019 2020
Pago financiamiento
Saldo $3,000 $2,489 $1,936 $1,340 $696
Amortizacion $511 $552 $596 $644
Intereses $240 $199 $155 $107
Cuota $751 $751 $751 $751
2017 2018 2019 2020
Activos operativos $5,000 $11,186 $15,633 $22,899 $34,962
Pasivo $3,000 $2,489 $1,936 $1,340 $696
Patrimonio $2,000 $8,698 $13,697 $21,559 $34,267
2017 2018 2019 2020
ROI 178.8% 292.5% 469.6% 754.5%
ROIC 83.2% 105.2% 123.6% 138.6%
CFROI 244.9% 402.6% 648.8% 1045.5%
Economic Profit $8,153 $14,822 $25,923 $44,824
EVA $8,153 $14,822 $25,923 $44,824
2017 2018 2019 2020
Cobertura financiera
EBITDA / Intereses 55.3 117.8 260.7 645.3
NOPAT / Intereses 38.8 82.6 182.7 452.0
EBITDA / cuota 17.7 31.2 53.8 92.1
NOPAT / Cuota 12.4 21.9 37.7 64.5
2021
0
0
70.00%
Año 5
$179,804

$7,192 4.00%
$172,612
$35,961 20.00%
$12,586 7.00%
$4,275 2.00%
$1,677 0.65%
$118,112
$83 1.67%
$118,029
$35,409
$83
$82,704
$500 10.00%
$19,842
$4,900
$14,456
81,718

$49,913
$97,467

2021
$44,951 ventas t x PPC / 360
$0 costo mat primas t x PPI / 360
$3,236 % efectivo x ventas
$0 costo mat primas t X PPP / 360
$48,187 CxC + Inventarios + efectivo - CxP
$19,842 Fondo maniobra t - FM t-1
2021
$7,500
$117
$7,000
2021

$0
$696
$56
$751
2021
$55,187
$0 ROI = NOTAT / ACTIVO FIJO NETO (dos ultimos periodos)
$55,187 ROIC = NOPAT / ACTIVO OPERATIVO
2021 CFROI = EBITDA / ACTIVO FIJO NETO
1214.7% EP = ACTIVO OPERATIVO X ( ROIC - CCPP)
149.9% EVA = NOPAT - ACTIVO OPERATIVO X CCPP
1687.3%
$76,985
$76,985
2021

2,122.2
1,486.0
157.2
110.1
2017 2018 2019 2020
ROI 178.79% 292.52% 469.64% 754.53%

ROI
1400.00%

1200.00%

1000.00%

800.00%

600.00%

400.00%

200.00%

0.00%
2016.5 2017 2017.5 2018 2018.5 2019 2019.5 2020 2020.5 2021

2017 2018 2019 2020


ROIC 0.8324511468 1.0517481997 1.2356830461 1.3856908414

ROIC
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
2016.5 2017 2017.5 2018 2018.5 2019 2019.5 2020 20
2021
1214.74%

9.5 2020 2020.5 2021 2021.5

2021
1.4985963905

OIC

2019 2019.5 2020 2020.5 2021 2021.5


4-Jan-12
Aswath Damodaran, adamodar@stern.nyu.edu
Implied Equity Risk Premiums (by year)
http://www.damodaran.com
http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
http://www.stern.nyu.edu/~adamodar/pc/datasets/histimpl.xls

Earnings Yield Dividend Yield S&P 500

5.34% 3.41% 58.11


4.71% 2.85% 71.55
5.81% 3.40% 63.1
5.51% 3.13% 75.02
5.62% 3.05% 84.75
5.73% 3.06% 92.43
6.74% 3.59% 80.33
5.66% 3.09% 96.47
5.51% 2.93% 103.86
6.63% 3.52% 92.06
5.98% 3.46% 92.15
5.46% 3.10% 102.09
5.23% 2.70% 118.05
8.16% 3.70% 97.55
13.64% 5.43% 68.56
8.55% 4.14% 90.19
9.07% 3.93% 107.46
11.43% 5.11% 95.1
12.11% 5.39% 96.11
13.48% 5.53% 107.94
11.04% 4.74% 135.76
12.39% 5.57% 122.55
9.83% 4.93% 140.64
8.06% 4.32% 164.93
10.07% 4.68% 167.24
7.42% 3.88% 211.28
5.96% 3.38% 242.17
6.49% 3.71% 247.08
8.20% 3.68% 277.72
6.80% 3.32% 353.4
6.58% 3.74% 330.22
4.58% 3.11% 417.09
4.16% 2.90% 435.71
4.25% 2.72% 466.45
5.89% 2.91% 459.27
5.74% 2.30% 615.93
4.83% 2.01% 740.74
4.08% 1.60% 970.43
3.11% 1.32% 1229.23
3.07% 1.14% 1469.25
3.94% 1.23% 1320.28
3.85% 1.37% 1148.09
5.23% 1.83% 879.82
4.87% 1.61% 1111.91
5.58% 1.60% 1211.92
5.47% 1.79% 1248.29
6.18% 1.77% 1418.3
5.62% 1.89% 1468.36
7.24% 3.11% 903.25
5.35% 2.00% 1115.10
6.65% 1.84% 1257.64
7.72% 2.07% 1257.60
7.18% 2.13% 1426.19
5.81% 1.96% 1848.36
5.49% 1.92% 2058.90
5.20% 2.11% 2043.94
http://www.stern.nyu.edu/~adamodar/pc/datasets/histimpl.xls
S&P 500

Earnings* Dividends* Dividends + Buybacks Change in Earnings Change in Dividends T.Bill Rate

3.10 1.98 2.66%


3.37 2.04 8.60% 2.91% 2.13%
3.67 2.15 8.79% 5.21% 2.73%
4.13 2.35 12.75% 9.45% 3.12%
4.76 2.58 15.23% 10.08% 3.54%
5.30 2.83 11.20% 9.42% 3.93%
5.41 2.88 2.23% 1.96% 4.76%
5.46 2.98 0.85% 3.37% 4.21%
5.72 3.04 4.81% 2.09% 5.21%
6.10 3.24 6.66% 6.49% 6.58%
5.51 3.19 -9.72% -1.61% 6.53%
5.57 3.16 1.15% -0.74% 4.39%
6.17 3.19 10.76% 0.71% 3.84%
7.96 3.61 28.93% 13.24% 6.93%
9.35 3.72 17.48% 3.14% 8.00%
7.71 3.73 -17.54% 0.30% 5.80%
9.75 4.22 26.39% 13.10% 5.08%
10.87 4.86 11.53% 15.07% 5.12%
11.64 5.18 7.07% 6.60% 7.18%
14.55 5.97 25.01% 15.23% 10.38%
14.99 6.44 3.01% 7.81% 11.24%
15.18 6.83 1.31% 6.08% 14.71%
13.82 6.93 -8.95% 1.58% 10.54%
13.29 7.12 -3.84% 2.76% 8.80%
16.84 7.83 26.69% 9.85% 9.85%
15.68 8.20 -6.91% 4.74% 7.72%
14.43 8.19 -7.93% -0.15% 6.16%
16.04 9.17 11.10% 11.99% 5.47%
24.12 10.22 50.42% 11.49% 6.35%
24.32 11.73 0.83% 14.80% 8.37%
22.65 12.35 -6.87% 5.26% 7.81%
19.30 12.97 -14.79% 5.03% 7.00%
20.87 12.64 8.13% -2.59% 5.30%
26.90 12.69 28.89% 0.41% 3.50%
31.75 13.36 18.03% 5.34% 5.00%
37.70 14.17 18.74% 6.00% 3.50%
40.63 14.89 7.77% 5.10% 5.00%
44.09 15.52 8.52% 4.25% 5.35%
44.27 16.20 0.41% 4.37% 4.33%
51.68 16.71 16.74% 3.16% 5.37%
56.13 16.27 8.61% -2.65% 5.73%
38.85 15.74 30.08 -30.79% -3.24% 1.80%
46.04 16.08 29.83 18.51% 2.15% 1.20%
54.69 17.88 31.58 18.79% 11.19% 1.00%
67.68 19.407 40.60 23.75% 8.54% 2.18%
76.45 22.38 61.17 12.96% 15.32% 4.31%
87.72 25.05 73.16 14.74% 11.93% 4.88%
82.54 27.73 95.36 -5.91% 10.70% 3.31%
65.39 28.05 67.52 -20.78% 1.15% 1.59%
59.65 22.31 37.43 -8.78% -20.46% 0.14%
83.66 23.12 55.53 40.25% 3.63% 0.13%
97.05 26.02 71.28 16.01% 12.54% 0.03%
102.47 30.44 75.90 5.58% 16.99% 0.05%
107.45 36.28 88.13 4.86% 19.19% 0.07%
113.01 39.44 101.98 5.17% 8.71% 0.05%
106.32 43.16 106.10 -5.92% 9.43% 0.21%
T.Bond Rate Bond-Bill Smoothed Growth Implied Premium (DDM) Analyst Growth Estimate

2.76% 0.10% 2.45%


2.35% 0.22% 2.41% 2.92%
3.85% 1.12% 4.05% 3.56%
4.14% 1.02% 4.96% 3.38%
4.21% 0.67% 5.13% 3.31%
4.65% 0.72% 5.46% 3.32%
4.64% -0.12% 4.19% 3.68%
5.70% 1.49% 5.25% 3.20%
6.16% 0.95% 5.32% 3.00%
7.88% 1.30% 7.55% 3.74%
6.50% -0.03% 4.78% 3.41%
5.89% 1.50% 4.57% 3.09%
6.41% 2.57% 5.21% 2.72%
6.90% -0.03% 8.30% 4.30%
7.40% -0.60% 6.42% 5.59%
7.76% 1.96% 5.99% 4.13%
6.81% 1.73% 8.19% 4.55%
7.78% 2.66% 9.52% 5.92%
9.15% 1.97% 8.48% 5.72%
10.33% -0.05% 11.70% 6.45%
12.43% 1.19% 11.01% 5.03%
13.98% -0.73% 11.42% 5.73%
10.47% -0.07% 7.96% 4.90%
11.80% 3.00% 9.09% 4.31%
11.51% 1.66% 11.02% 5.11%
8.99% 1.27% 7.89% 4.03% 6.75%
7.22% 1.06% 5.54% 3.36% 6.96%
8.86% 3.39% 9.66% 4.18% 8.58%
9.14% 2.79% 9.76% 4.12% 7.67%
7.93% -0.44% 9.58% 3.85% 7.46%
8.07% 0.26% 7.39% 3.92% 7.19%
6.70% -0.30% 6.34% 3.27% 7.81%
6.68% 1.38% 4.67% 2.83% 9.83%
5.79% 2.29% 4.73% 2.74% 8.00%
7.82% 2.82% 7.23% 3.06% 7.17%
5.57% 2.07% 5.65% 2.44% 6.50%
6.41% 1.41% 6.13% 2.11% 7.92%
5.74% 0.39% 5.45% 1.67% 8.00%
4.65% 0.32% 4.60% 1.38% 7.20%
6.44% 1.07% 5.75% 1.20% 12.50%
5.11% -0.62% 3.71% 1.65% 12.00%
5.05% 3.25% 3.56% 1.73% 10.30%
3.81% 2.61% 3.57% 2.29% 8.00%
4.25% 3.25% 5.35% 2.12% 11.00%
4.22% 2.04% 4.90% 2.02% 8.50%
4.39% 0.08% 6.16% 2.20% 8.00%
4.70% -0.18% 5.93% 1.97% 12.50%
4.02% 0.71% 5.03% 2.06% 5.00%
2.21% 0.62% 2.11% 4.05% 4.00%
3.84% 3.70% 0.28% 2.60% 7.20%
3.29% 3.16% 3.33% 2.24% 6.95%
1.88% 1.85% 2.75% 2.71% 7.18%
1.76% 1.71% 2.93% 2.47% 5.27%
3.04% 2.97% 5.01% 2.03% 4.28%
2.17% 2.12% 2.77% 2.24% 5.58%
2.27% 2.06% 2.96% 2.46% 5.55%
Implied
Premium (FCFE
Implied Premium (FCFE) with ERP/Riskfree Rate
sustainable
Payout)

2.92% 1.24
3.56% 0.92
3.38% 0.82
3.31% 0.79
3.32% 0.71
3.68% 0.79
3.20% 0.56
3.00% 0.49
3.74% 0.47
3.41% 0.52
3.09% 0.52
2.72% 0.42
4.30% 0.62
5.59% 0.76
4.13% 0.53
4.55% 0.67
5.92% 0.76
5.72% 0.63
6.45% 0.62
5.03% 0.40
5.73% 0.41
4.90% 0.47
4.31% 0.37
5.11% 0.44
3.84% 0.43
3.58% 0.50
3.99% 0.45
3.77% 0.41
3.51% 0.44
3.89% 0.48
3.48% 0.52
3.55% 0.53
3.17% 0.55
3.55% 0.45
3.29% 0.59
3.20% 0.50
2.73% 0.48
2.26% 0.49
2.05% 0.32
2.87% 0.56
3.62% 2.91% 0.72
4.10% 4.73% 1.08
3.69% 4.74% 0.87
3.65% 4.86% 0.86
4.08% 5.22% 0.93
4.16% 6.12% 0.89
4.37% 4.59% 1.09
6.43% 6.92% 2.91
4.36% 4.64% 1.14
5.20% 6.09% 1.58
6.01% 8.34% 3.20
5.78% 7.30% 3.28
4.96% 4.99% 1.63
5.78% 5.48% 2.66
6.12% 5.16% 2.70
Industry Beta
Advertising 1.18
Aerospace/Defense 1.16
Air Transport 0.98
Apparel 0.99
Auto & Truck 1.09
Auto Parts 1.35
Bank (Money Center) 0.81
Banks (Regional) 0.53
Beverage (Alcoholic) 1.06
Beverage (Soft) 1.14
Broadcasting 1.30
Brokerage & Investment Banking 1.16
Building Materials 1.12
Business & Consumer Services 1.19
Cable TV 0.91
Chemical (Basic) 0.94
Chemical (Diversified) 1.17
Chemical (Specialty) 1.03
Coal & Related Energy 1.64
Computer Services 1.16
Computers/Peripherals 1.21
Construction Supplies 1.60
Diversified 1.00
Drugs (Biotechnology) 1.10
Drugs (Pharmaceutical) 1.03
Education 1.13
Electrical Equipment 1.24
Electronics (Consumer & Office) 1.37
Electronics (General) 1.03
Engineering/Construction 1.31
Entertainment 1.21
Environmental & Waste Services 1.28
Farming/Agriculture 0.84
Financial Svcs. (Non-bank & Insurance) 0.67
Food Processing 0.99
Food Wholesalers 1.41
Furn/Home Furnishings 1.09
Green & Renewable Energy 1.32
Healthcare Products 0.99
Healthcare Support Services 1.05
Heathcare Information and Technology 0.95
Homebuilding 1.29
Hospitals/Healthcare Facilities 0.97
Hotel/Gaming 1.18
Household Products 1.03
Information Services 1.11
Insurance (General) 1.03
Insurance (Life) 1.04
Insurance (Prop/Cas.) 0.83
Investments & Asset Management 1.10
Machinery 1.23
Metals & Mining 1.28
Office Equipment & Services 1.34
Oil/Gas (Integrated) 0.81
Oil/Gas (Production and Exploration) 1.27
Oil/Gas Distribution 0.96
Oilfield Svcs/Equip. 1.54
Packaging & Container 0.95
Paper/Forest Products 0.84
Power 0.83
Precious Metals 1.29
Publshing & Newspapers 1.15
R.E.I.T. 0.79
Real Estate (Development) 1.02
Real Estate (General/Diversified) 1.82
Real Estate (Operations & Services) 1.30
Recreation 1.21
Reinsurance 1.35
Restaurant/Dining 0.89
Retail (Automotive) 1.18
Retail (Building Supply) 1.44
Retail (Distributors) 1.12
Retail (General) 1.03
Retail (Grocery and Food) 1.05
Retail (Online) 1.40
Retail (Special Lines) 1.07
Rubber& Tires 1.02
Semiconductor 1.21
Semiconductor Equip 1.23
Shipbuilding & Marine 1.36
Shoe 0.84
Software (Entertainment) 1.12
Software (Internet) 1.29
Software (System & Application) 1.10
Steel 1.31
Telecom (Wireless) 1.15
Telecom. Equipment 1.24
Telecom. Services 1.07
Tobacco 1.09
Transportation 0.86
Transportation (Railroads) 1.05
Trucking 1.32
Unclassified 0.10
Utility (General) 0.59
Utility (Water) 1.09
Total Market 1.06
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/Betas.html
Unlevered
beta Standard
Unlevered Cash/Firm corrected deviation of
D/E Ratio Tax rate beta value for cash HiLo Risk equity
50.62% 4.13% 0.80 3.77% 0.83 0.6900 51.52%
18.96% 14.87% 1.00 5.61% 1.06 0.4353 50.15%
81.51% 18.71% 0.59 3.63% 0.61 0.4971 53.32%
20.73% 11.16% 0.84 2.52% 0.86 0.5106 56.24%
105.95% 4.45% 0.54 7.78% 0.59 0.6152 43.52%
28.64% 11.05% 1.07 6.06% 1.14 0.4917 53.89%
218.66% 26.43% 0.31 8.41% 0.34 0.1480 39.98%
77.69% 20.66% 0.33 12.56% 0.37 0.1969 37.41%
21.88% 8.54% 0.88 1.66% 0.89 0.5838 55.14%
23.04% 5.55% 0.93 4.23% 0.98 0.6977 61.94%
71.06% 18.34% 0.82 1.58% 0.83 0.4053 62.12%
303.54% 13.99% 0.32 21.95% 0.41 0.4180 44.77%
32.23% 17.45% 0.88 5.00% 0.93 0.3410 43.52%
30.41% 13.30% 0.94 5.17% 1.00 0.5382 52.77%
44.80% 21.18% 0.67 2.98% 0.70 0.3746 52.83%
40.31% 10.88% 0.69 8.61% 0.75 0.5541 50.32%
33.20% 22.47% 0.93 5.52% 0.99 0.3198 41.14%
21.36% 11.16% 0.86 5.54% 0.91 0.4312 51.80%
110.41% 0.99% 0.78 5.70% 0.83 0.6123 74.62%
27.56% 10.48% 0.93 5.64% 0.99 0.5193 59.41%
9.47% 7.35% 1.11 5.03% 1.17 0.4644 66.35%
45.39% 16.28% 1.16 4.99% 1.22 0.3884 47.26%
60.89% 13.96% 0.66 6.32% 0.70 0.3898 32.85%
8.48% 1.48% 1.02 4.02% 1.06 0.5719 93.06%
13.42% 4.58% 0.91 4.08% 0.95 0.5615 75.04%
39.42% 12.18% 0.84 11.55% 0.95 0.5092 70.19%
16.86% 5.99% 1.07 6.52% 1.14 0.5870 65.34%
4.43% 4.50% 1.32 4.51% 1.38 0.6108 56.16%
14.69% 8.64% 0.91 10.67% 1.01 0.4862 69.01%
27.31% 14.18% 1.06 11.07% 1.19 0.5367 47.91%
27.52% 4.11% 0.95 3.26% 0.99 0.6339 58.48%
40.58% 6.31% 0.93 1.17% 0.94 0.6112 65.61%
60.46% 9.36% 0.54 5.94% 0.58 0.5378 41.59%
1206.66% 18.49% 0.06 2.51% 0.06 0.2987 38.80%
27.21% 13.70% 0.80 2.28% 0.82 0.4540 42.05%
17.10% 13.47% 1.23 2.10% 1.26 0.5645 35.73%
26.61% 14.48% 0.89 3.65% 0.92 0.4335 54.24%
109.96% 1.94% 0.63 6.10% 0.68 0.7017 53.18%
15.67% 6.73% 0.86 4.54% 0.90 0.5028 64.48%
26.66% 13.27% 0.86 5.72% 0.91 0.5200 46.72%
19.75% 6.35% 0.80 4.16% 0.84 0.5306 70.49%
60.76% 18.11% 0.86 6.66% 0.92 0.3704 53.78%
75.58% 10.93% 0.58 1.28% 0.59 0.3416 43.11%
54.64% 11.41% 0.80 3.95% 0.83 0.4525 49.55%
18.89% 10.46% 0.88 3.40% 0.91 0.5794 61.63%
13.31% 17.93% 1.01 3.77% 1.04 0.3610 42.71%
43.04% 19.21% 0.76 4.99% 0.80 0.2812 35.35%
71.23% 24.30% 0.68 10.21% 0.75 0.1725 34.48%
32.90% 22.18% 0.66 4.74% 0.69 0.2422 36.73%
74.07% 6.84% 0.65 10.82% 0.73 0.4238 41.63%
20.43% 15.64% 1.05 5.94% 1.11 0.4598 46.22%
50.69% 1.80% 0.86 5.52% 0.91 0.7351 74.49%
51.88% 18.65% 0.94 5.51% 1.00 0.3942 49.87%
11.06% 14.56% 0.74 3.43% 0.76 0.4107 33.56%
48.18% 7.04% 0.87 4.30% 0.91 0.6440 71.93%
47.75% 4.68% 0.66 0.96% 0.67 0.3010 43.15%
27.63% 10.99% 1.24 6.07% 1.32 0.5574 65.23%
48.60% 18.18% 0.68 2.50% 0.70 0.3367 31.06%
51.02% 11.54% 0.58 3.25% 0.59 0.4571 44.94%
75.74% 20.77% 0.52 1.93% 0.53 0.3032 29.70%
40.80% 1.33% 0.92 11.87% 1.05 0.7545 93.69%
47.39% 14.93% 0.82 7.41% 0.88 0.3531 50.42%
88.52% 1.24% 0.42 1.69% 0.43 0.1767 31.55%
45.42% 7.21% 0.72 12.23% 0.82 0.6338 43.65%
27.56% 9.39% 1.46 1.32% 1.47 0.4916 45.97%
57.34% 8.63% 0.85 4.50% 0.89 0.5133 50.05%
31.64% 11.25% 0.95 4.09% 0.99 0.5114 50.41%
37.59% 15.53% 1.02 9.16% 1.12 0.4123 21.20%
27.87% 15.14% 0.72 2.35% 0.74 0.3574 44.43%
50.19% 18.76% 0.83 1.34% 0.85 0.4353 48.06%
19.46% 30.64% 1.27 1.52% 1.29 0.3399 50.71%
48.00% 16.84% 0.80 1.78% 0.81 0.4701 52.06%
31.37% 21.36% 0.83 2.68% 0.85 0.3159 46.36%
56.14% 22.94% 0.73 2.08% 0.75 0.4125 51.83%
7.52% 9.38% 1.31 6.18% 1.39 0.5190 70.16%
41.45% 20.44% 0.81 4.50% 0.85 0.4280 51.42%
87.74% 13.58% 0.58 11.24% 0.65 0.3456 49.54%
10.75% 10.11% 1.11 5.22% 1.17 0.4111 57.12%
17.63% 6.88% 1.06 9.76% 1.17 0.3887 60.18%
53.62% 6.75% 0.91 3.49% 0.94 0.4613 71.45%
7.34% 20.15% 0.80 3.53% 0.82 0.4250 40.80%
17.30% 1.46% 0.95 15.83% 1.13 0.6514 69.84%
5.59% 5.07% 1.22 5.58% 1.29 0.6319 72.48%
9.70% 6.86% 1.01 4.58% 1.06 0.5374 61.85%
64.03% 13.99% 0.85 6.31% 0.90 0.3778 52.45%
154.38% 5.76% 0.47 7.90% 0.51 0.5844 53.05%
11.72% 8.70% 1.12 6.22% 1.20 0.4811 62.74%
65.43% 11.83% 0.68 1.96% 0.69 0.5288 55.60%
19.75% 12.39% 0.93 2.06% 0.94 0.6449 41.74%
21.03% 20.08% 0.73 4.11% 0.77 0.3829 42.36%
20.21% 21.30% 0.90 1.76% 0.92 0.3456 30.73%
66.66% 27.38% 0.89 2.72% 0.92 0.3604 48.49%
26.26% 3.93% 0.08 38.92% 0.14 0.6038 NA
61.30% 30.59% 0.42 0.84% 0.42 0.1577 23.02%
50.17% 15.10% 0.76 0.66% 0.77 0.3330 38.21%
66.14% 10.76% 0.67 4.95% 0.70 0.4697 53.60%
www.bcrp.gob.pe/docs/Estadisticas/Cuadros-Estadisticos/NC_037.xls
CUADRO 37 INDICADORES DE RIESGO PARA PAÍSES EMERGENTES: Índice de Bonos de Merc
DIFERENCIAL DE RENDIMIENTOS CONTRA BONOS DEL TESORO DE ESTADOS U
RISK INDICATORS FOR EMERGING COUNTRIES: Emerging Market Bond Index (EM

Diferencial de rendimientos del índice de bonos de mercados emergentes (EMBIG) / Emerging


(EMBIG) Stripped Spread
Fecha
Perú Argentina Brasil Chile Colombia

1998
Dic. 655 715 1207 #N/A

1999
Ene. 701 828 1456 643
Feb. 706 771 1321 609
Mar. 590 705 1196 559
Abr. 522 623 904 471
May. 553 674 950 532
Jun. 624 749 986 187 666
Jul. 597 867 1049 185 685
Ago. 684 841 1123 192 693
Set. 637 703 1016 187 647
Oct. 607 654 940 159 576
Nov. 550 634 798 156 539
Dic. 469 579 688 146 456

2000
Ene. 446 558 692 150 442
Feb. 450 561 702 161 469
Mar. 446 535 653 173 522
Abr. 522 590 747 200 649
May. 599 686 816 184 802
Jun. 542 667 721 220 718
Jul. 546 642 705 225 701
Ago. 498 684 680 184 683
Set. 596 682 694 192 718
Oct. 714 761 744 216 756
Nov. 746 860 794 228 794
Dic. 719 803 772 228 767

2001
Ene. 659 702 718 211 726
Feb. 652 707 701 189 643
Mar. 636 848 759 190 630
Abr. 762 986 805 176 629
May 763 1007 835 179 596
Jun. 663 956 836 178 576
Jul. 643 1410 937 177 563
Ago. 626 1502 944 183 534
Set. 649 687 689 218 587
Oct. 665 1828 1163 227 598
Nov. 591 2768 1002 203 558
Dic. 649 1 452 939 183 531

2002
Ene. 481 5338 844 175 541
Feb. 478 4272 842 168 582
Mar. 415 4760 732 136 540
Abr. 435 4837 755 125 544
May. 506 5378 939 140 545
Jun. 567 6258 1368 169 572
Jul. 720 6847 1766 202 690
Ago. 816 6707 2001 212 874
Set. 806 6286 1954 200 986
Oct. 814 6338 2057 228 941
Nov. 672 6083 1711 198 746
Dic. 620 6181 1540 168 653

2003
Ene. 570 5983 1334 168 630
Feb. 563 6235 1308 164 683
Mar. 510 6560 1097 166 630
Abr. 427 5365 902 141 530
May. 414 5147 786 126 469
Jun. 460 4635 752 129 458
Jul. 482 4748 776 121 462
Ago. 422 5022 774 118 451
Set. 353 4995 666 108 429
Oct. 317 5272 621 97 447
Nov. 309 5917 566 87 469
Dic. 318 5578 483 86 439

2004
Ene. 302 5394 431 88 387
Feb. 361 5521 544 93 433
Mar. 357 4859 552 93 402
Abr. 351 4565 590 86 380
May. 484 4749 723 98 529
Jun. 449 4914 664 86 487
Jul. 435 4947 611 85 454
Ago. 385 5159 556 73 424
Set. 337 5360 485 72 398
Oct. 351 5235 467 78 401
Nov. 304 5030 435 73 361
Dic. 257 4826 394 68 347

2005
Ene. 266 4 824 416 63 359
Feb. 262 4 901 400 61 358
Mar. 264 4 869 419 66 371
Abr. 285 5 342 451 71 410
May. 267 5 799 432 70 376
Jun 243 2 796 418 66 339
Jul. 233 425 404 59 322
Ago. 206 419 396 55 304
Set. 198 396 370 56 261
Oct. 218 392 368 61 278
Nov. 203 381 346 74 253
Dic. 246 459 281 78 226

2006
Ene. 236 458 278 76 213
Feb. 184 382 237 71 174
Mar. 220 349 227 71 168
Abr. 219 332 232 77 173
May. 197 343 243 77 188
Jun. 207 383 259 82 231
Jul. 194 362 237 84 228
Ago. 173 325 217 87 196
Set. 172 332 228 85 206
Oct. 148 302 217 82 181
Nov. 147 292 219 79 189
Dic. 131 250 205 87 182

2007
Ene. 123 203 190 81 165
Feb. 127 207 183 80 163
Mar. 132 220 186 86 171
Abr. 118 235 155 82 142
May. 110 278 148 80 131
Jun. 104 290 147 80 108
Jul. 129 355 169 90 136
Ago. 169 461 201 108 186
Set. 310 852 380 242 359
Oct. 139 371 169 117 161
Nov. 175 397 211 134 196
Dic. 175 394 215 153 188

2008
Ene. 196 443 242 165 241
Feb. 209 477 256 169 249
Mar. 221 529 276 169 263
Abr. 182 556 243 172 216
May. 154 553 204 159 179
Jun. 160 562 194 166 181
Jul. 198 627 231 181 217
Ago. 195 668 235 173 222
Set. 258 799 292 189 273
Oct. 500 1488 493 307 533
Nov. 485 1790 470 353 551
Dic. 524 1829 479 351 538

2009
Ene. 460 1574 429 383 502
Feb. 419 1645 427 371 478
Mar. 409 1863 433 319 483
Abr. 360 1786 382 303 417
May. 292 #N/A #N/A 249 323
Jun. 258 1139 279 172 298
Jul. 274 1039 268 163 297
Ago. 240 900 253 135 261
Set. 225 821 240 143 249
Oct. 197 709 227 138 220
Nov. 191 726 220 130 215
Dic. 179 720 202 111 208

2010
Ene. 180 712 206 108 211
Feb. 200 790 221 132 235
Mar. 158 705 187 128 189
Abr. 144 630 177 111 173
May. 201 766 224 140 231
Jun. 207 805 235 154 223
Jul. 186 765 222 138 198
Ago. 157 714 204 133 166
Set. 168 704 208 133 176
Oct. 156 614 184 133 158
Nov. 151 547 177 124 152
Dic. 157 521 178 116 161

2011 191 687 195 139 168


Ene. 146 497 171 116 146
Feb. 146 542 175 114 151
Mar. 157 566 174 114 155
Abr. 192 533 173 120 152
May. 187 581 171 127 147
Jun. 192 605 174 136 145
Jul. 171 595 164 129 142
Ago. 200 719 203 147 171
Set. 237 874 244 172 215
Oct. 232 908 241 168 207
Nov. 214 896 231 159 197
Dic. 217 927 222 161 188

2012 157 988 183 151 148


Ene. 219 851 222 164 197
Feb. 200 822 204 158 176
Mar. 166 823 179 150 149
Abr. 164 967 186 159 147
May. 180 1089 212 168 173
Jun. 188 1129 219 177 173
Jul. 163 1090 202 168 151
Ago. 133 1039 170 142 129
Set. 124 924 161 138 127
Oct. 108 885 146 127 110
Nov. 123 1193 153 136 123
Dic. 118 1044 146 123 117

2013 162 1069 215 157 164


Ene. 110 1058 143 115 113
Feb. 127 1114 162 133 131
Mar. 140 1207 180 145 142
Abr. 133 1223 177 144 132
May. 133 1174 178 137 135
Jun. 180 1204 234 177 180
Jul. 175 1138 232 169 169
Aug. 191 1068 243 171 183
Set. 182 1064 234 173 181
Oct. 173 928 227 162 172
Nov. 182 823 246 164 182
Dic. 222 823 327 197 253

2014 162
Ene. 177 932 256 155 183
Feb. 183 971 258 159 189
Mar. 167 880 239 149 177
Abr. 154 788 225 138 162
May. 149 798 214 136 154
Jun. 145 763 209 122 144
Jul. 147 651 212 124 146
Ago. 157 761 221 130 154
Set. 150 719 216 126 152
Oct 170 760 244 150 174
Nov 165 674 252 151 173
Dic 182 747 272 172 200

2015
Ene. 202 732 300 186 231
Feb. 1-24 185 695 313 172 210

Nota: Var. %
Anual 1.4 -28.4 21.3 8.2 11.1
Acumulada 1.8 -6.9 15.1 0.3 4.8
Mensual -8.3 -5.0 4.3 -7.5 -9.1

1/ La información de este cuadro se ha actualizado en la Nota Semanal N° 08 (27 de Febrero de 2015). Corresp
2/ Índice elaborado por el J.P. Morgan que refleja los retornos del portafolio de deuda según sea el caso, es dec
gentes en conjunto. Considera como deuda, eurobonos, bonos Brady y en menor medida deudas locales y p
disminución se asocia con una reducción del riesgo país percibido por los inversionistas. Se mide en puntos b
bono del Tesoro de EUA de similar duración de la deuda en cuestión.
3/ Cien puntos básicos equivalen a uno por ciento.
7/ La reducción en el EMBI+, el LATIN y el spread de Argentina este mes y en julio, se debe a que JP Morgan in
Argentina por los bonos nuevos emitidos en la reestructuración.

Fuente: Bloomberg y Reuters.


Elaboración: Gerencia de Información y Análisis Económico - Subgerencia de Economía Internacional.
NTES: Índice de Bonos de Mercados Emergentes (EMBIG) 1/
DEL TESORO DE ESTADOS UNIDOS DE AMÉRICA (EUA) 2/ (En puntos básicos) 3/
merging Market Bond Index (EMBIG) 1/ Stripped Spread 2/ (In basis points) 3/

s emergentes (EMBIG) / Emerging Market Bond Index LATIN


EMBIG
ed Spread EMBIG
Países
Países
Emergentes /
Latinoamerica
Ecuador México Venezuela Emerging
nos / Latin
Countries
Countries

1577 753 1453 955 1147

1905 769 1434 1066 1204


2095 710 1411 1002 1135
2316 606 1327 908 1082
1692 538 983 742 948
1635 570 881 767 950
2047 583 943 820 958
2402 638 1007 896 994
3106 650 1124 936 1041
4082 580 1037 842 987
3959 545 936 788 952
3260 472 854 707 858
3312 383 916 637 793

3673 395 866 633 772


4043 376 872 634 763
3088 316 831 585 702
3372 390 947 663 720
4024 423 1042 737 735
4414 396 887 681 684
3796 349 843 651 656
2513 328 810 641 637
1297 323 780 627 643
1301 354 844 681 702
1353 360 884 728 738
1451 389 948 719 749

1322 384 887 663 692


1246 401 844 657 685
1326 405 864 712 727
1475 375 851 753 752
1366 339 826 752 731
1303 314 827 748 709
1388 338 895 931 842
1470 343 907 962 848
1486 393 954 1025 892
1539 400 1032 1122 955
1410 364 1052 1214 980
1 488 343 0 910 950 842

1145 303 1148 874 708


1152 281 1163 779 650
1089 248 943 702 582
1001 243 894 699 573
1115 258 877 777 611
1312 302 1059 954 715
1390 343 1189 1112 805
1744 379 1092 1203 859
1779 403 1094 1204 869
2001 386 1101 1202 860
1787 347 1027 1073 771
1795 312 1037 1002 725

1600 310 1335 942 686


1525 323 1364 949 680
1450 299 1334 844 641
1225 259 1270 732 573
1109 229 1141 663 522
1105 232 985 644 502
1172 236 920 655 510
1162 234 833 651 502
1106 211 803 468 0
1031 212 772 598 455
941 203 716 576 446
840 207 607 535 415

724 193 598 496 388


746 194 664 550 425
724 187 679 537 422
763 180 638 539 417
921 219 686 628 503
886 216 625 599 480
922 207 612 575 465
836 193 563 538 439
802 186 508 499 413
731 187 463 485 401
722 175 425 452 374
711 177 411 423 353

682 179 438 439 361


638 166 451 425 346
633 173 431 432 350
738 195 470 465 378
835 191 494 462 374
819 183 476 392 330
759 171 438 323 285
714 163 417 312 274
682 151 355 289 254
683 157 325 289 252
651 137 304 269 237
616 142 291 254 223

610 137 275 248 220


549 128 238 217 197
538 138 215 212 192
492 143 187 207 189
469 143 189 211 193
503 163 223 234 218
487 136 210 215 206
477 129 202 200 192
565 134 229 212 201
560 130 224 202 192
528 132 228 202 193
724 124 206 192 183

904 119 207 183 173


746 122 210 180 173
695 127 221 187 182
611 109 218 167 164
625 98 242 165 161
630 99 285 168 160
714 118 335 203 189
702 141 443 249 232
1318 266 914 243 228
599 126 403 220 208
617 158 497 264 247
606 166 529 270 251

635 188 528 298 280


639 190 556 311 290
669 193 624 335 314
602 170 631 314 295
562 154 640 290 274
567 162 581 283 274
665 198 623 323 310
700 199 681 345 321
888 243 827 413 384
1987 436 1439 696 661
3753 459 1528 739 713
4241 463 1789 777 759

3901 422 1706 718 691


3633 433 1745 711 678
3534 449 1595 704 676
3417 370 1378 624 584
#N/A #N/A #N/A #N/A #N/A
2727 272 1173 484 437
1264 262 1209 452 420
1131 237 1037 408 376
1020 238 939 386 352
853 224 950 365 322
822 211 1062 369 326
#N/A 202 1125 #N/A 310

758 195 933 355 301


811 204 985 376 320
822 169 913 331 276
816 161 851 310 255
899 211 1096 383 324
965 208 1225 401 342
1015 200 1188 388 330
1036 179 1140 362 304
1036 199 1222 373 309
1016 183 1133 345 287
998 166 1149 346 283
928 163 1132 350 283

823 186 1212 404 342


865 156 1120 343 283
763 157 1118 348 286
781 157 1148 364 297
761 161 1113 371 296
786 162 1170 379 305
799 167 1207 388 314
783 161 1119 368 303
864 197 1259 417 356
880 238 1382 470 408
888 237 1344 483 423
868 223 1306 464 413
842 220 1261 454 415

814 188 1012 393 342


805 229 1207 460 421
790 208 1037 415 379
803 190 911 372 337
805 190 984 392 354
850 211 1072 425 382
890 220 1145 444 395
857 188 1108 416 360
805 169 1013 375 320
753 167 971 360 301
764 155 948 353 288
816 168 944 368 296
827 162 801 334 274

685 194 1095 395 330


728 154 754 320 260
704 170 728 330 278
700 177 771 346 291
678 169 815 347 294
638 168 828 347 285
643 213 994 414 345
644 201 967 404 338
631 206 956 408 351
646 202 956 404 350
568 200 1036 401 338
530 209 1157 418 348
1111 261 3181 602 478

571 197 1236 425 347


610 196 1387 456 368
549 188 1200 408 341
455 178 1043 372 316
354 172 1040 365 304
370 160 954 343 282
425 163 921 336 282
477 169 1069 373 310
427 168 1297 391 312
520 190 1604 443 348
549 192 1820 454 349
817 217 2465 516 402

943 242 3088 561 444


782 229 2781 535 422

28.2 16.5 100.5 17.1 14.8


-4.3 5.3 12.8 3.6 5.0
-17.1 -5.5 -9.9 -4.7 -4.9

8 (27 de Febrero de 2015). Corresponde a datos promedio del mes.


e deuda según sea el caso, es decir, de cada país, de los países latinoamericanos y de los países emer-
n menor medida deudas locales y préstamos. Estos indicadores son promedio para cada período y su
nversionistas. Se mide en puntos básicos y corresponde al diferencial de rendimientos con respecto al

n julio, se debe a que JP Morgan inició el día 13 el reemplazo de los bonos en default de

Economía Internacional.
Tasa de Interés / Interest Rate
Tesoro de Tesoro de Tesoro de
EUA 5 EUA 10 EUA 30 Date
años / USA años / USA años / USA
Treasury 5 Treasury 10 Treasury 30
years years years

S/. 1,998.00
4.6 5.1 Dic.

S/. 1,999.00
4.7 5.1 Jan.
5.0 5.4 Feb.
5.2 5.6 Mar.
5.2 5.5 Apr.
5.5 5.8 May.
5.9 6.0 Jun.
5.8 6.0 Jul.
5.9 6.1 Aug.
5.9 6.1 Sep.
6.1 6.3 Oct.
6.0 6.1 Nov.
6.3 6.4 Dic.

S/. 2,000.00
6.7 6.7 Jan.
6.4 6.1 Feb.
6.2 6.0 Mar.
6.0 5.8 Apr.
6.5 6.2 May.
6.2 6.0 Jun.
6.0 5.8 Jul.
5.7 5.7 Aug.
5.8 5.9 Sep.
5.6 5.7 Oct.
5.6 5.7 Nov.
5.1 5.0 5.4 Dic.

S/. 2,001.00
0.0 5.2 5.6 Jan.
0.0 5.2 5.5 Feb.
0.0 4.9 5.4 Mar.
0.0 5.2 5.8 Apr.
0.0 5.5 5.9 May.
0.0 5.1 5.6 Jun.
4.7 5.2 5.6 Jul.
4.5 4.9 5.5 Ago.
3.9 4.7 5.6 Set.
3.8 4.6 5.3 Oct.
4.4 5.0 5.4 Nov.
4.5 5.1 5.5 Dec.

S/. 2,002.00
4.3 5.0 5.4 Jan.
4.2 4.9 5.4 Feb.
4.7 5.3 5.7 Mar.
4.5 5.2 5.7 Apr.
4.5 5.1 5.6 May.
4.2 4.9 5.5 Jun.
3.7 4.6 5.4 Jul.
3.3 4.2 5.1 Aug.
2.9 3.9 4.8 Sep.
2.9 3.9 4.9 Oct.
3.0 4.0 5.0 Nov.
3.0 4.0 4.9 Dec.

S/. 2,003.00
3.0 4.0 4.9 Jan.
3.1 5.3 5.7 Feb.
2.8 3.8 4.8 Mar.
2.9 3.9 4.9 Apr.
2.5 3.5 4.5 May.
2.2 3.3 4.4 Jun.
2.8 3.9 4.9 Jul.
3.3 4.4 5.3 Aug.
3.2 4.3 5.1 Sep.
3.2 4.3 5.2 Oct.
3.3 4.3 5.1 Nov.
3.3 4.3 5.1 Dec.

S/. 2,004.00
3.1 4.1 5.0 Jan.
3.0 4.1 4.9 Feb.
2.8 3.8 4.7 Mar.
3.4 4.3 5.1 Apr.
3.8 4.7 5.4 May.
3.9 4.7 5.4 Jun.
3.7 4.5 5.2 Jul.
3.5 4.3 5.1 Aug.
3.4 4.1 4.9 Sep.
3.3 4.1 4.9 Oct.
3.5 4.2 4.9 Nov.
3.6 4.2 4.9 Dec.

S/. 2,005.00
3.7 4.2 4.7 Jan.
3.9 4.3 4.7 Feb.
4.3 4.6 4.8 Mar.
3.9 4.2 4.6 Apr.
3.8 4.1 4.4 May.
3.7 5.0 5.5 Jun. 7/
4.1 4.2 4.4 Jul.
4.1 4.2 4.4 Aug.
4.1 4.3 4.5 Sep.
4.5 4.6 4.8 Oct.
4.3 4.4 4.7 Nov.
4.3 4.3 4.5 Dec.

S/. 2,006.00
4.3 4.4 4.6 Jan.
4.1 4.2 4.5 Feb.
4.4 4.5 4.7 Mar.
4.4 4.5 4.7 Apr.
4.4 4.4 4.6 May.
4.4 4.4 4.6 Jun.
4.6 4.6 4.6 Jul.
4.7 4.8 4.8 Aug.
5.0 5.1 5.1 Sep.
5.0 5.1 5.2 Oct.
5.1 5.1 5.2 Nov.
5.0 5.0 5.1 Dec.

S/. 2,007.00
4.7 4.8 4.8 Jan.
4.7 4.7 4.8 Feb.
4.5 4.6 4.7 Mar.
4.6 4.7 4.9 Apr.
4.7 4.7 4.9 May.
5.0 5.1 5.2 Jun.
4.9 5.0 5.1 July.
4.4 4.7 4.9 Aug.
4.2 4.5 4.8 Sep.
4.2 4.5 4.8 Oct .
3.6 4.1 4.5 Nov.
3.5 4.1 4.5 Dec.

S/. 2,008.00
3.0 3.7 4.3 Jan.
2.8 3.7 4.5 Feb.
2.5 3.5 4.4 Mar.
2.8 3.7 4.4 Apr.
3.1 3.9 4.6 May.
3.5 4.1 4.7 Jun.
3.3 4.0 4.6 Jul.
3.1 3.9 4.5 Aug.
2.9 3.7 4.3 Sep.
2.7 3.8 4.2 Oct.
2.3 3.5 4.0 Nov.
1.5 2.4 2.8 Dec.

S/. 2,009.00
1.6 2.5 3.1 Jan.
1.9 2.9 3.6 Feb.
1.8 2.8 3.6 Mar.
1.8 2.9 3.7 Apr.
2.1 3.3 4.2 May.
2.7 3.7 4.5 Jun.
2.4 3.5 4.4 Jul.
2.6 3.6 4.4 Aug.
2.4 3.4 4.2 Sep.
2.3 3.4 4.2 Oct.
2.2 3.4 4.3 Nov.
2.3 3.6 4.5 Dec.

S/. 2,010.00
2.5 3.7 4.6 Jan.
2.4 3.7 4.6 Feb.
2.4 3.7 4.6 Mar.
2.6 3.8 4.7 Apr.
2.2 3.4 4.3 May.
2.0 3.2 4.1 Jun.
1.8 3.0 4.0 Jul.
1.5 2.7 3.8 Aug.
1.4 2.6 3.8 Sep.
1.2 2.5 3.9 Oct.
1.3 2.7 4.2 Nov.
1.9 3.3 4.4 Dec.

1.5 2.8 3.9 S/. 2,011.00


2.0 3.4 4.5 Jan.
2.2 3.6 4.7 Feb.
2.1 3.4 4.5 Mar.
2.2 3.4 4.5 Apr.
1.8 3.2 4.3 May.
1.6 3.0 4.2 Jun.
1.5 3.0 4.3 Jul.
1.0 2.3 3.6 Aug.
0.9 2.0 3.2 Sep.
1.1 2.1 3.1 Oct.
0.9 2.0 3.0 Nov.
0.9 2.0 3.0 Dec.

0.8 1.8 2.9 S/. 2,012.00


0.8 1.9 3.0 Jan.
0.8 2.0 3.1 Feb.
1.0 2.2 3.3 Mar.
0.9 2.0 3.2 Apr.
0.8 1.8 2.9 May.
0.7 1.6 2.7 Jun.
0.6 1.5 2.6 Jul.
0.7 1.7 2.8 Aug.
0.7 1.7 2.9 Sep.
0.7 1.7 2.9 Oct.
0.7 1.6 2.8 Nov.
0.7 1.7 2.9 Dec.

1.2 2.3 3.3 S/. 2,013.00


0.8 1.9 3.1 Jan.
0.8 2.0 3.2 Feb.
0.8 1.9 3.2 Mar.
0.7 1.7 2.9 Apr.
0.8 1.9 3.1 May.
1.2 2.3 3.4 Jun.
1.4 2.6 3.6 Jul.
1.5 2.7 3.8 Aug.
1.6 2.8 3.8 Sep.
1.4 2.6 3.7 Oct.
1.4 2.7 3.8 Nov.
1.6 2.1 2.7 Dec.

S/. 2,014.00
1.6 2.8 3.8 Jan.
1.5 2.7 3.7 Feb.
1.6 2.7 3.6 Mar.
1.7 2.7 3.5 Apr.
1.6 2.6 3.4 May.
1.7 2.6 3.4 Jun.
1.7 2.5 3.3 Jul.
1.6 2.4 3.2 Aug.
1.8 2.5 3.3 Sep.
1.5 2.3 3.0 Oct
1.6 2.3 3.0 Nov
1.6 2.2 2.8 Dec

S/. 2,015.00
1.4 1.9 2.5 Jan.
1.5 2.0 2.6 Feb. 1-24

Note: % chg.
-2.6 -26.8 -29.8 Year-to-Year
-10.5 -10.5 -9.4 Cumulative
6.9 5.1 4.2 Monthly
https://estadisticas.bcrp.gob.pe/estadisticas/series/diarias/tasas-de-interes-variacion-en-pbs

P01861EMD P01871EMD P01872EMD


Spread - EMBIG Pe
Bonos del Tesoro Bonos del Tesoro EE.UU. - 30 años (%)
03Dic12 123 1.62 2.81
04Dic12 125 1.62 2.80
05Dic12 124 1.60 2.78
06Dic12 126 1.59 2.78
07Dic12 122 1.59 2.77
10Dic12 124 1.62 2.81
11Dic12 121 1.62 2.80
12Dic12 115 1.66 2.84
13Dic12 116 1.70 2.89
14Dic12 118 1.73 2.91
17Dic12 112 1.70 2.87
18Dic12 108 1.77 2.95
19Dic12 109 1.82 3.00
20Dic12 111 1.80 2.99
21Dic12 115 1.80 2.98
24Dic12 113 1.76 2.93
25Dic12 113 1.78 2.94
26Dic12 114 1.78 2.94
27Dic12 118 1.75 2.92
28Dic12 120 1.74 2.91
31Dic12 114 1.70 2.87
01Ene13 n.d. n.d. n.d.
02Ene13 105 1.76 2.95
03Ene13 100 1.84 3.04
04Ene13 100 1.91 3.13
07Ene13 103 1.90 3.10
08Ene13 108 1.90 3.10
09Ene13 110 1.87 3.07
10Ene13 109 1.86 3.06
11Ene13 111 1.90 3.08
14Ene13 111 1.87 3.05
15Ene13 112 1.85 3.03
16Ene13 111 1.84 3.03
17Ene13 108 1.82 3.01
18Ene13 110 1.88 3.07
21Ene13 n.d. n.d. n.d.
22Ene13 111 1.84 3.03
23Ene13 111 1.84 3.03
24Ene13 110 1.83 3.02
25Ene13 106 1.85 3.04
28Ene13 109 1.95 3.13
29Ene13 112 1.96 3.14
30Ene13 121 2.00 3.18
31Ene13 129 1.99 3.18
01Feb13 126 1.99 3.17
04Feb13 127 2.02 3.22
05Feb13 121 1.96 3.16
06Feb13 123 2.00 3.21
07Feb13 124 1.96 3.17
08Feb13 122 1.96 3.17
11Feb13 124 1.95 3.16
12Feb13 122 1.96 3.17
13Feb13 119 1.98 3.19
14Feb13 122 2.03 3.23
15Feb13 124 2.00 3.18
18Feb13 n.d. n.d. n.d.
19Feb13 121 2.00 3.18
20Feb13 128 2.03 3.21
21Feb13 131 2.01 3.20
22Feb13 132 1.98 3.17
25Feb13 138 1.96 3.15
26Feb13 139 1.87 3.06
27Feb13 136 1.88 3.08
28Feb13 138 1.90 3.10
01Mar13 141 1.88 3.09
04Mar13 139 1.84 3.05
05Mar13 132 1.88 3.09
06Mar13 128 1.90 3.11
07Mar13 125 1.94 3.15
08Mar13 125 2.00 3.20
11Mar13 127 2.04 3.25
12Mar13 131 2.06 3.26
13Mar13 135 2.02 3.21
14Mar13 134 2.02 3.22
15Mar13 144 2.03 3.24
18Mar13 147 1.99 3.21
19Mar13 152 1.96 3.19
20Mar13 149 1.90 3.13
21Mar13 150 1.96 3.20
22Mar13 148 1.91 3.13
25Mar13 147 1.93 3.15
26Mar13 148 1.92 3.15
27Mar13 150 1.91 3.14
28Mar13 147 1.85 3.09
29Mar13 n.d. n.d. n.d.
01Abr13 148 1.85 3.10
02Abr13 142 1.83 3.08
03Abr13 141 1.86 3.10
04Abr13 133 1.81 3.05
05Abr13 136 1.76 2.99
08Abr13 132 1.71 2.88
09Abr13 130 1.75 2.92
10Abr13 126 1.75 2.94
11Abr13 125 1.80 3.00
12Abr13 128 1.79 3.00
15Abr13 130 1.72 2.92
16Abr13 128 1.68 2.86
17Abr13 129 1.72 2.91
18Abr13 131 1.70 2.88
19Abr13 130 1.69 2.86
22Abr13 130 1.71 2.89
23Abr13 129 1.69 2.88
24Abr13 131 1.71 2.90
25Abr13 133 1.71 2.90
26Abr13 137 1.71 2.91
29Abr13 135 1.66 2.86
30Abr13 132 1.67 2.88
01May13 129 1.67 2.88
02May13 125 1.63 2.83
03May13 122 1.63 2.82
06May13 122 1.74 2.95
07May13 121 1.76 2.98
08May13 121 1.78 3.00
09May13 116 1.77 2.99
10May13 112 1.81 2.99
13May13 115 1.90 3.10
14May13 112 1.92 3.13
15May13 120 1.98 3.19
16May13 131 1.94 3.16
17May13 131 1.88 3.10
20May13 135 1.95 3.17
21May13 142 1.97 3.18
22May13 134 1.93 3.13
23May13 146 2.04 3.22
24May13 149 2.02 3.19
27May13 n.d. 2.01 3.17
28May13 156 2.01 3.17
29May13 165 2.17 3.32
30May13 164 2.12 3.27
31May13 159 2.11 3.27
03Jun13 161 2.13 3.28
04Jun13 157 2.12 3.27
05Jun13 162 2.15 3.31
06Jun13 171 2.09 3.25
07Jun13 162 2.08 3.25
10Jun13 165 2.17 3.34
11Jun13 181 2.21 3.37
12Jun13 170 2.19 3.32
13Jun13 162 2.23 3.37
14Jun13 165 2.15 3.32
17Jun13 161 2.13 3.31
18Jun13 172 2.18 3.35
19Jun13 182 2.19 3.34
20Jun13 199 2.35 3.41
21Jun13 191 2.42 3.51
24Jun13 212 2.53 3.58
25Jun13 211 2.54 3.55
26Jun13 206 2.61 3.62
27Jun13 205 2.54 3.58
28Jun13 201 2.47 3.54
01Jul13 192 2.49 3.50
02Jul13 186 2.48 3.48
03Jul13 191 2.47 3.47
04Jul13 n.d. 2.50 3.49
05Jul13 185 2.50 3.49
08Jul13 189 2.74 3.71
09Jul13 189 2.64 3.63
10Jul13 184 2.64 3.65
11Jul13 188 2.63 3.65
12Jul13 180 2.57 3.63
15Jul13 175 2.58 3.63
16Jul13 174 2.54 3.59
17Jul13 166 2.53 3.59
18Jul13 157 2.49 3.58
19Jul13 160 2.53 3.63
22Jul13 156 2.49 3.56
23Jul13 153 2.48 3.55
24Jul13 157 2.51 3.58
25Jul13 163 2.59 3.65
26Jul13 172 2.57 3.64
29Jul13 175 2.56 3.62
30Jul13 178 2.60 3.68
31Jul13 180 2.61 3.68
01Ago13 179 2.58 3.64
02Ago13 179 2.71 3.76
05Ago13 176 2.60 3.69
06Ago13 179 2.63 3.73
07Ago13 183 2.64 3.73
08Ago13 183 2.60 3.69
09Ago13 186 2.59 3.67
12Ago13 183 2.58 3.64
13Ago13 177 2.62 3.68
14Ago13 181 2.72 3.76
15Ago13 185 2.71 3.75
16Ago13 188 2.77 3.81
19Ago13 193 2.83 3.85
20Ago13 197 2.88 3.90
21Ago13 200 2.82 3.85
22Ago13 196 2.89 3.92
23Ago13 199 2.89 3.87
26Ago13 199 2.82 3.79
27Ago13 208 2.79 3.77
28Ago13 206 2.71 3.69
29Ago13 208 2.77 3.74
30Ago13 207 2.76 3.72
02Set13 n.d. 2.79 3.70
03Set13 204 2.79 3.70
04Set13 202 2.86 3.80
05Set13 196 2.90 3.80
06Set13 192 3.00 3.89
09Set13 188 2.97 3.90
10Set13 194 2.91 3.85
11Set13 190 2.97 3.90
12Set13 191 2.91 3.86
13Set13 191 2.91 3.85
16Set13 182 2.89 3.84
17Set13 178 2.87 3.87
18Set13 174 2.85 3.83
19Set13 162 2.69 3.75
20Set13 163 2.75 3.80
23Set13 163 2.74 3.76
24Set13 166 2.70 3.73
25Set13 169 2.66 3.67
26Set13 176 2.63 3.67
27Set13 179 2.65 3.70
30Set13 184 2.63 3.69
01Oct13 180 2.61 3.69
02Oct13 179 2.65 3.72
03Oct13 180 2.62 3.70
04Oct13 177 2.61 3.71
07Oct13 175 2.65 3.72
08Oct13 172 2.63 3.69
09Oct13 169 2.63 3.69
10Oct13 168 2.66 3.74
11Oct13 166 2.68 3.74
14Oct13 n.d. 2.69 3.75
15Oct13 161 2.69 3.75
16Oct13 165 2.73 3.79
17Oct13 171 2.66 3.72
18Oct13 168 2.59 3.66
21Oct13 169 2.58 3.64
22Oct13 175 2.60 3.67
23Oct13 174 2.51 3.61
24Oct13 175 2.50 3.60
25Oct13 179 2.52 3.61
28Oct13 179 2.51 3.60
29Oct13 178 2.52 3.62
30Oct13 174 2.50 3.61
31Oct13 176 2.54 3.64
01Nov13 176 2.56 3.64
04Nov13 175 2.62 3.70
05Nov13 176 2.60 3.69
06Nov13 177 2.67 3.77
07Nov13 182 2.64 3.77
08Nov13 182 2.60 3.71
11Nov13 n.d. 2.75 3.85
12Nov13 189 2.75 3.85
13Nov13 189 2.77 3.86
14Nov13 182 2.70 3.82
15Nov13 179 2.69 3.79
18Nov13 179 2.70 3.80
19Nov13 179 2.67 3.76
20Nov13 178 2.71 3.80
21Nov13 181 2.80 3.91
22Nov13 183 2.79 3.89
25Nov13 190 2.74 3.83
26Nov13 194 2.73 3.82
27Nov13 193 2.71 3.80
28Nov13 n.d. 2.74 3.82
29Nov13 n.d. 2.74 3.82
02Dic13 193 2.75 3.81
03Dic13 195 2.80 3.86
04Dic13 193 2.78 3.85
05Dic13 191 2.84 3.90
06Dic13 188 2.87 3.92
09Dic13 187 2.86 3.89
10Dic13 189 2.84 3.87
11Dic13 184 2.80 3.84
12Dic13 177 2.85 3.89
13Dic13 176 2.88 3.89
16Dic13 173 2.87 3.87
17Dic13 177 2.88 3.89
18Dic13 171 2.84 3.87
19Dic13 168 2.89 3.91
20Dic13 173 2.93 3.91
23Dic13 170 2.89 3.82
24Dic13 163 2.93 3.85
25Dic13 n.d. 2.98 3.89
26Dic13 162 2.98 3.89
27Dic13 163 2.99 3.92
30Dic13 166 3.00 3.94
31Dic13 162 2.97 3.90
01Ene14 n.d. 3.03 3.97
02Ene14 165 3.03 3.97
03Ene14 164 2.99 3.92
06Ene14 166 3.00 3.93
07Ene14 168 2.96 3.90
08Ene14 166 2.94 3.89
09Ene14 164 2.99 3.89
10Ene14 170 2.97 3.88
13Ene14 172 2.86 3.80
14Ene14 167 2.83 3.77
15Ene14 163 2.87 3.80
16Ene14 166 2.89 3.82
17Ene14 168 2.84 3.77
20Ene14 n.d. 2.82 3.75
21Ene14 169 2.82 3.75
22Ene14 176 2.83 3.75
23Ene14 190 2.87 3.76
24Ene14 193 2.78 3.68
27Ene14 193 2.72 3.63
28Ene14 194 2.75 3.67
29Ene14 201 2.75 3.67
30Ene14 201 2.68 3.62
31Ene14 202 2.70 3.64
03Feb14 210 2.65 3.60
04Feb14 200 2.58 3.53
05Feb14 191 2.63 3.60
06Feb14 188 2.67 3.65
07Feb14 183 2.70 3.67
10Feb14 182 2.68 3.67
11Feb14 178 2.67 3.65
12Feb14 174 2.73 3.69
13Feb14 178 2.76 3.72
14Feb14 177 2.73 3.68
17Feb14 n.d. 2.74 3.70
18Feb14 178 2.74 3.70
19Feb14 178 2.71 3.68
20Feb14 178 2.74 3.71
21Feb14 177 2.75 3.72
24Feb14 173 2.73 3.69
25Feb14 178 2.74 3.70
26Feb14 182 2.70 3.66
27Feb14 182 2.67 3.63
28Feb14 181 2.64 3.59
03Mar14 184 2.65 3.58
04Mar14 173 2.60 3.56
05Mar14 166 2.70 3.65
06Mar14 164 2.71 3.65
07Mar14 163 2.74 3.69
10Mar14 162 2.79 3.72
11Mar14 162 2.78 3.72
12Mar14 163 2.77 3.71
13Mar14 168 2.73 3.67
14Mar14 168 2.65 3.59
17Mar14 165 2.66 3.60
18Mar14 166 2.69 3.63
19Mar14 164 2.67 3.61
20Mar14 168 2.77 3.66
21Mar14 168 2.77 3.66
24Mar14 173 2.74 3.61
25Mar14 168 2.73 3.56
26Mar14 168 2.75 3.59
27Mar14 168 2.69 3.54
28Mar14 166 2.68 3.53
31Mar14 165 2.72 3.55
01Abr14 155 2.72 3.56
02Abr14 153 2.75 3.61
03Abr14 156 2.81 3.65
04Abr14 156 2.80 3.63
07Abr14 156 2.72 3.58
08Abr14 157 2.70 3.56
09Abr14 155 2.68 3.54
10Abr14 154 2.69 3.57
11Abr14 156 2.65 3.52
14Abr14 154 2.63 3.48
15Abr14 157 2.65 3.49
16Abr14 156 2.63 3.46
17Abr14 148 2.63 3.45
18Abr14 n.d. 2.72 3.52
21Abr14 148 2.72 3.52
22Abr14 149 2.72 3.52
23Abr14 156 2.71 3.50
24Abr14 155 2.70 3.48
25Abr14 157 2.68 3.45
28Abr14 153 2.66 3.44
29Abr14 150 2.70 3.49
30Abr14 149 2.69 3.49
01May14 152 2.65 3.46
02May14 153 2.61 3.41
05May14 152 2.59 3.37
06May14 148 2.61 3.41
07May14 146 2.59 3.38
08May14 143 2.59 3.40
09May14 143 2.62 3.44
12May14 139 2.62 3.46
13May14 140 2.66 3.50
14May14 143 2.61 3.45
15May14 151 2.54 3.38
16May14 152 2.49 3.33
19May14 149 2.52 3.35
20May14 153 2.55 3.39
21May14 151 2.51 3.38
22May14 153 2.53 3.41
23May14 153 2.55 3.43
26May14 n.d. 2.53 3.39
27May14 155 2.53 3.39
28May14 156 2.52 3.36
29May14 152 2.44 3.30
30May14 150 2.47 3.32
02Jun14 147 2.48 3.33
03Jun14 144 2.53 3.37
04Jun14 142 2.60 3.44
05Jun14 141 2.60 3.44
06Jun14 134 2.58 3.44
09Jun14 132 2.59 3.43
10Jun14 134 2.60 3.44
11Jun14 141 2.65 3.48
12Jun14 148 2.64 3.47
13Jun14 148 2.60 3.41
16Jun14 151 2.60 3.41
17Jun14 149 2.60 3.40
18Jun14 150 2.65 3.44
19Jun14 149 2.59 3.40
20Jun14 150 2.62 3.47
23Jun14 147 2.61 3.44
24Jun14 151 2.63 3.46
25Jun14 147 2.58 3.40
26Jun14 148 2.56 3.38
27Jun14 150 2.53 3.36
30Jun14 151 2.54 3.37
01Jul14 147 2.53 3.36
02Jul14 144 2.57 3.40
03Jul14 136 2.63 3.46
04Jul14 n.d. 2.64 3.47
07Jul14 136 2.64 3.47
08Jul14 144 2.61 3.44
09Jul14 146 2.56 3.37
10Jul14 147 2.55 3.37
11Jul14 149 2.54 3.37
14Jul14 148 2.52 3.34
15Jul14 148 2.55 3.37
16Jul14 148 2.55 3.37
17Jul14 153 2.53 3.34
18Jul14 147 2.45 3.27
21Jul14 150 2.48 3.29
22Jul14 147 2.47 3.26
23Jul14 145 2.46 3.25
24Jul14 144 2.47 3.26
25Jul14 149 2.50 3.30
28Jul14 148 2.47 3.24
29Jul14 154 2.49 3.26
30Jul14 149 2.46 3.23
31Jul14 151 2.56 3.31
01Ago14 159 2.56 3.32
04Ago14 159 2.49 3.28
05Ago14 164 2.48 3.29
06Ago14 162 2.49 3.28
07Ago14 168 2.47 3.27
08Ago14 168 2.41 3.22
11Ago14 167 2.42 3.23
12Ago14 164 2.43 3.24
13Ago14 160 2.45 3.28
14Ago14 157 2.42 3.24
15Ago14 161 2.40 3.19
18Ago14 159 2.34 3.13
19Ago14 154 2.39 3.20
20Ago14 153 2.40 3.21
21Ago14 151 2.43 3.22
22Ago14 152 2.41 3.19
25Ago14 151 2.40 3.16
26Ago14 149 2.38 3.13
27Ago14 148 2.40 3.16
28Ago14 149 2.36 3.10
29Ago14 148 2.34 3.08
01Set14 148 2.34 3.08
02Set14 146 2.34 3.08
03Set14 145 2.42 3.18
04Set14 145 2.40 3.14
05Set14 143 2.45 3.21
08Set14 142 2.46 3.23
09Set14 144 2.47 3.23
10Set14 147 2.50 3.23
11Set14 149 2.54 3.27
12Set14 150 2.55 3.28
15Set14 156 2.61 3.35
16Set14 156 2.59 3.34
17Set14 153 2.59 3.36
18Set14 146 2.62 3.37
19Set14 145 2.62 3.35
22Set14 148 2.58 3.28
23Set14 149 2.57 3.29
24Set14 147 2.53 3.25
25Set14 154 2.57 3.28
26Set14 155 2.50 3.21
29Set14 163 2.53 3.21
30Set14 162 2.48 3.17
01Oct14 166 2.49 3.20
02Oct14 166 2.39 3.09
03Oct14 164 2.43 3.14
06Oct14 165 2.44 3.12
07Oct14 170 2.42 3.13
08Oct14 170 2.34 3.05
09Oct14 167 2.32 3.06
10Oct14 172 2.31 3.05
13Oct14 172 2.28 3.01
14Oct14 180 2.28 3.01
15Oct14 182 2.20 2.95
16Oct14 179 2.14 2.92
17Oct14 170 2.16 2.94
20Oct14 172 2.19 2.97
21Oct14 171 2.19 2.97
22Oct14 169 2.22 2.99
23Oct14 167 2.22 2.99
24Oct14 170 2.27 3.04
27Oct14 171 2.27 3.04
28Oct14 169 2.26 3.04
29Oct14 167 2.30 3.07
30Oct14 168 2.32 3.05
31Oct14 169 2.31 3.05
03Nov14 167 2.34 3.07
04Nov14 170 2.34 3.06
05Nov14 167 2.33 3.05
06Nov14 165 2.34 3.06
07Nov14 169 2.39 3.10
10Nov14 165 2.30 3.03
11Nov14 165 2.36 3.09
12Nov14 160 2.36 3.09
13Nov14 162 2.37 3.11
14Nov14 164 2.34 3.07
17Nov14 164 2.32 3.05
18Nov14 166 2.34 3.06
19Nov14 163 2.32 3.04
20Nov14 164 2.36 3.08
21Nov14 164 2.34 3.06
24Nov14 166 2.31 3.02
25Nov14 165 2.31 3.02
26Nov14 167 2.26 2.96
27Nov14 167 2.25 2.96
28Nov14 167 2.25 2.96
01Dic14 169 2.17 2.89
02Dic14 162 2.24 2.96
03Dic14 161 2.29 3.01
04Dic14 165 2.28 2.99
05Dic14 166 2.24 2.94
08Dic14 177 2.31 2.97
09Dic14 183 2.26 2.91
10Dic14 192 2.21 2.87
11Dic14 192 2.17 2.83
12Dic14 207 2.16 2.81
15Dic14 215 2.08 2.74
16Dic14 222 2.12 2.75
17Dic14 200 2.06 2.69
18Dic14 186 2.14 2.73
19Dic14 184 2.21 2.82
22Dic14 180 2.16 2.76
23Dic14 170 2.16 2.74
24Dic14 169 2.26 2.85
25Dic14 169 2.26 2.84
26Dic14 177 2.26 2.84
29Dic14 177 2.25 2.82
30Dic14 179 2.20 2.77
31Dic14 182 2.19 2.76
01Ene15 n.d. n.d. n.d.
02Ene15 188 2.172 2.752
05Ene15 196 2.172 2.752
06Ene15 201 2.033 2.599
07Ene15 197 2.033 2.599
08Ene15 192 1.969 2.529
09Ene15 194 1.969 2.529
12Ene15 202 1.946 2.528
13Ene15 204 1.946 2.528
14Ene15 206 1.901 2.5
15Ene15 212 1.901 2.5
16Ene15 209 1.716 2.368
19Ene15 n.d. 1.716 2.368
20Ene15 208 1.838 2.453
21Ene15 206 1.838 2.453
22Ene15 200 1.873 2.462
23Ene15 199 1.873 2.462
26Ene15 198 1.798 2.374
27Ene15 204 1.798 2.374
28Ene15 210 1.824 2.401
29Ene15 202 1.824 2.401
30Ene15 208 1.752 2.315
02Feb15 204 1.752 2.315
03Feb15 195 1.665 2.251
04Feb15 196 1.665 2.251
05Feb15 195 1.752 2.349
06Feb15 188 1.752 2.349
09Feb15 187 1.958 2.529
10Feb15 193 1.958 2.529
11Feb15 192 1.998 2.577
12Feb15 188 1.998 2.577
13Feb15 183 2.018 2.587
16Feb15 n.d. 1.985 2.576
17Feb15 173 2.051 2.649
18Feb15 178 2.051 2.649
19Feb15 171 2.139 2.728
20Feb15 168 2.081 2.711
23Feb15 174 2.115 2.735
24Feb15 177 2.113 2.715
25Feb15 173 2.058 2.658
26Feb15 169 1.981 2.593
27Feb15 170 1.97 2.571
02Mar15 161 2.03 2.63
03Mar15 159 1.994 2.591
04Mar15 164 2.083 2.682
05Mar15 168 2.12 2.715
06Mar15 169 2.118 2.721
09Mar15 174 2.116 2.729
10Mar15 185 2.242 2.841
11Mar15 186 2.192 2.798
12Mar15 185 2.131 2.723
13Mar15 192 2.109 2.686
16Mar15 198 2.117 2.7
17Mar15 205 2.115 2.699
18Mar15 211 2.073 2.645
19Mar15 202 2.051 2.603
20Mar15 200 1.921 2.511
23Mar15 193 1.969 2.529
24Mar15 192 1.931 2.506
25Mar15 187 1.912 2.515
26Mar15 182 1.874 2.465
27Mar15 185 1.926 2.508
30Mar15 179 1.99 2.581
31Mar15 181 1.962 2.541
01Abr15 183 1.948 2.548
02Abr15 177 1.924 2.537
03Abr15 181 1.858 2.465
06Abr15 171 1.912 2.533
07Abr15 177 1.84 2.487
08Abr15 176 1.896 2.554
09Abr15 174 1.886 2.519
10Abr15 176 1.906 2.53
13Abr15 177 1.96 2.599
14Abr15 179 1.948 2.579
15Abr15 181 1.928 2.574
16Abr15 186 1.899 2.543
17Abr15 190 1.889 2.54
20Abr15 184 1.891 2.576
21Abr15 179 1.866 2.52
22Abr15 172 1.89 2.563
23Abr15 174 1.91 2.581
24Abr15 173 1.98 2.662
27Abr15 174 1.959 2.654
28Abr15 170 1.909 2.61
29Abr15 168 1.922 2.612
30Abr15 171 2.004 2.704
01May15 169 2.04 2.753
04May15 167 2.033 2.741
05May15 n.d. 2.114 2.828
06May15 162 2.145 2.877
07May15 170 2.186 2.913
08May15 165 2.244 2.994
11May15 159 2.181 2.911
12May15 164 2.149 2.901
13May15 164 2.281 3.041
14May15 164 2.25 3.014
15May15 171 2.294 3.088
18May15 162 2.235 3.03
19May15 163 2.289 3.076
20May15 160 2.249 3.048
21May15 164 2.191 2.989
22May15 164 2.21 2.985
25May15 n.d. 2.21 2.985
26May15 170 2.14 2.899
27May15 170 2.129 2.868
28May15 171 2.136 2.888
29May15 174 2.122 2.882
01Jun15 169 2.18 2.934
02Jun15 164 2.263 3.015
03Jun15 162 2.365 3.103
04Jun15 169 2.308 3.041
05Jun15 166 2.408 3.114
08Jun15 172 2.383 3.115
09Jun15 173 2.439 3.167
10Jun15 177 2.485 3.216
11Jun15 179 2.378 3.096
12Jun15 179 2.393 3.103
15Jun15 185 2.357 3.086
16Jun15 191 2.31 3.041
17Jun15 191 2.317 3.094
18Jun15 179 2.335 3.13
19Jun15 185 2.259 3.048
22Jun15 176 2.373 3.161
23Jun15 172 2.41 3.197
24Jun15 176 2.368 3.147
25Jun15 178 2.41 3.176
26Jun15 172 2.474 3.241
29Jun15 186 2.325 3.101
30Jun15 182 2.354 3.124
01Jul15 173 2.423 3.202
02Jul15 173 2.383 3.187
03Jul15 n.d. 2.383 3.187
06Jul15 187 2.286 3.084
07Jul15 189 2.259 3.04
08Jul15 190 2.193 2.975
09Jul15 183 2.322 3.121
10Jul15 174 2.398 3.19
13Jul15 175 2.435 3.208
14Jul15 176 2.402 3.197
15Jul15 185 2.353 3.139
16Jul15 185 2.351 3.109
17Jul15 185 2.348 3.083
20Jul15 183 2.377 3.104
21Jul15 186 2.326 3.062
22Jul15 190 2.324 3.037
23Jul15 197 2.269 2.968
24Jul15 200 2.263 2.963
27Jul15 206 2.218 2.934
28Jul15 202 2.251 2.965
29Jul15 194 2.287 2.998
30Jul15 192 2.26 2.943
31Jul15 196 2.181 2.907
03Ago15 200 2.149 2.852
04Ago15 199 2.222 2.898
05Ago15 197 2.271 2.944
06Ago15 203 2.222 2.892
07Ago15 207 2.163 2.819
10Ago15 205 2.228 2.896
11Ago15 211 2.142 2.81
12Ago15 210 2.149 2.84
13Ago15 206 2.186 2.855
14Ago15 209 2.199 2.842
17Ago15 212 2.163 2.818
18Ago15 215 2.193 2.856
19Ago15 223 2.126 2.816
20Ago15 229 2.069 2.743
21Ago15 236 2.037 2.724
24Ago15 247 2.004 2.73
25Ago15 237 2.072 2.8
26Ago15 238 2.176 2.932
27Ago15 231 2.185 2.924
28Ago15 227 2.182 2.912
31Ago15 225 2.219 2.962
01Set15 232 2.153 2.915
02Set15 232 2.185 2.954
03Set15 234 2.16 2.935
04Set15 239 2.125 2.884
07Set15 n.d. 2.125 2.884
08Set15 231 2.184 2.956
09Set15 227 2.202 2.962
10Set15 226 2.223 2.986
11Set15 232 2.189 2.953
14Set15 231 2.184 2.956
15Set15 218 2.288 3.068
16Set15 216 2.295 3.083
17Set15 220 2.284 3.074
18Set15 221 2.134 2.936
21Set15 218 2.202 3.022
22Set15 232 2.135 2.944
23Set15 231 2.151 2.946
24Set15 245 2.128 2.917
25Set15 245 2.163 2.956
28Set15 261 2.096 2.876
29Set15 266 2.052 2.853
30Set15 258 2.038 2.854
01Oct15 256 2.038 2.85
02Oct15 249 1.994 2.828
05Oct15 231 2.057 2.897
06Oct15 231 2.032 2.869
07Oct15 229 2.068 2.895
08Oct15 224 2.105 2.94
09Oct15 222 2.089 2.918
12Oct15 n.d. 2.089 2.918
13Oct15 229 2.045 2.885
14Oct15 233 1.973 2.835
15Oct15 226 2.022 2.869
16Oct15 219 2.034 2.882
19Oct15 222 2.024 2.88
20Oct15 225 2.068 2.917
21Oct15 225 2.024 2.865
22Oct15 224 2.027 2.861
23Oct15 216 2.088 2.901
26Oct15 216 2.057 2.869
27Oct15 221 2.038 2.86
28Oct15 217 2.102 2.879
29Oct15 213 2.173 2.959
30Oct15 220 2.143 2.923
02Nov15 214 2.172 2.945
03Nov15 206 2.211 2.992
04Nov15 208 2.226 2.991
05Nov15 210 2.233 3.001
06Nov15 209 2.326 3.086
09Nov15 213 2.344 3.108
10Nov15 218 2.343 3.116
11Nov15 n.d. 2.333 3.116
12Nov15 222 2.312 3.09
13Nov15 226 2.267 3.052
16Nov15 224 2.268 3.062
17Nov15 226 2.267 3.055
18Nov15 224 2.274 3.043
19Nov15 223 2.249 3.011
20Nov15 221 2.263 3.02
23Nov15 220 2.239 2.992
24Nov15 221 2.239 3.003
25Nov15 223 2.235 2.995
26Nov15 n.d. 2.235 2.995
27Nov15 224 2.221 2.997
30Nov15 224 2.207 2.973
01Dic15 230 2.144 2.902
02Dic15 228 2.181 2.908
03Dic15 220 2.314 3.055
04Dic15 221 2.27 3.01
07Dic15 230 2.23 2.962
08Dic15 232 2.219 2.955
09Dic15 233 2.217 2.974
10Dic15 233 2.231 2.968
11Dic15 250 2.128 2.871
14Dic15 242 2.223 2.952
15Dic15 236 2.267 2.986
16Dic15 237 2.297 3.004
17Dic15 238 2.224 2.928
18Dic15 246 2.205 2.922
21Dic15 246 2.193 2.911
22Dic15 243 2.237 2.956
23Dic15 240 2.254 2.988
24Dic15 242 2.242 2.961
25Dic15 n.d. 2.242 2.961
28Dic15 244 2.231 2.943
29Dic15 233 2.306 3.036
30Dic15 237 2.295 3.034
31Dic15 240 2.27 3.016
01Ene16 n.d. n.d. n.d.
04Ene16 244 2.244 2.988
05Ene16 236 2.237 2.996
06Ene16 243 2.171 2.938
07Ene16 247 2.146 2.926
08Ene16 254 2.116 2.91
11Ene16 257 2.176 2.969
12Ene16 265 2.104 2.882
13Ene16 274 2.094 2.883
14Ene16 268 2.088 2.887
15Ene16 281 2.036 2.814
18Ene16 n.d. 2.036 2.814
19Ene16 284 2.057 2.827
20Ene16 288 1.983 2.753
21Ene16 283 2.032 2.811
22Ene16 273 2.053 2.824
25Ene16 276 2.002 2.785
26Ene16 275 1.995 2.785
27Ene16 270 2 2.801
28Ene16 269 1.979 2.786
29Ene16 273 1.922 2.744
01Feb16 271 1.949 2.762
02Feb16 285 1.846 2.657
03Feb16 281 1.887 2.713
04Feb16 281 1.84 2.676
05Feb16 281 1.837 2.669
08Feb16 298 1.749 2.577
09Feb16 296 1.727 2.55
10Feb16 299 1.669 2.488
11Feb16 313 1.66 2.498
12Feb16 296 1.749 2.605
15Feb16 n.d. 1.749 2.605
16Feb16 289 1.773 2.64
17Feb16 276 1.82 2.688
18Feb16 281 1.74 2.609
19Feb16 277 1.746 2.606
22Feb16 275 1.753 2.604
23Feb16 276 1.723 2.579
24Feb16 270 1.749 2.606
25Feb16 268 1.717 2.595
26Feb16 261 1.763 2.637
29Feb16 260 1.736 2.616
01Mar16 244 1.826 2.698
02Mar16 240 1.841 2.685
03Mar16 238 1.835 2.658
04Mar16 234 1.875 2.695
07Mar16 234 1.907 2.706
08Mar16 238 1.83 2.636
09Mar16 227 1.877 2.662
10Mar16 226 1.933 2.695
11Mar16 218 1.985 2.754
14Mar16 223 1.96 2.732
15Mar16 226 1.971 2.731
16Mar16 225 1.909 2.711
17Mar16 218 1.897 2.686
18Mar16 215 1.874 2.676
21Mar16 213 1.916 2.717
22Mar16 213 1.941 2.723
23Mar16 224 1.88 2.659
24Mar16 225 1.901 2.674
25Mar16 n.d. 1.901 2.674
28Mar16 228 1.887 2.657
29Mar16 232 1.804 2.6
30Mar16 225 1.824 2.654
31Mar16 226 1.77 2.612
01Abr16 224 1.771 2.6
04Abr16 227 1.763 2.597
05Abr16 237 1.721 2.545
06Abr16 232 1.756 2.585
07Abr16 240 1.69 2.516
08Abr16 237 1.718 2.553
11Abr16 224 1.726 2.562
12Abr16 214 1.777 2.599
13Abr16 210 1.765 2.584
14Abr16 n.d. n.d. n.d.
15Abr16 n.d. n.d. n.d.
ion-en-pbs

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