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(5 1 6 / 5 1 7 ) Selected Interest Exchange Rates W e e k ly Series o f Charts August 1, 1983 Prepared by the F IN A N C IA L M A R K E T S S E C T IO N DIVISION O F IN T E R N A T IO N A L F IN A N C E BO A R D O F G O VERN ORS F E D E R A L R E S E R V E SYSTEM Washington, D .C . 20551 Table o f Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIG URES PLOTTED Weekly $15.00 per year or $.40 each in the United 2. D A IL Y C E R T IF IE D SPOT States, its possessions, Canada, and Mexico; 10 or more of the same issue to one address, $13.50 per year or $.35 each. Elsewhere, $20.00 per year or $.50 each. Address requests to Publications Services, Divi sion of Administrative Services, and make payment remittance payable to the order of the Board of Governors of the Federal Reserve System in a form EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-M ONTH FORW ARD EXCHANGE RATES 3. GOLD PR IC E -LO N D O N 4. C ALL MO NEY RATES 5. 3-M ONTH INTER EST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DO LLAR A ND U.S. M O NEY M A R K E T RATES 8. INTEREST A R B ITR A G E: 3-M ONTH FUNDS 9. LONG-TERM G O V ER N M EN T BOND Y IE LD S 10. IN D U S T R IA L STOCK INDICES collectible at par in U.S. Currency. CHART 1 SPOT EXCHANGE INDICES OOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 - 120 - 100 - 80 V h T y i i i 1 1 1 1 1 1 1 1 1 11 lllllllllll — 120 100 - — U.K. POUND 80 v X / - 60 l L--1I . l I lllllllllll lllllllllll 180 180 GERMAN MARK 160 _ v - A^ 160 v 140 140 120 120 ^ : 100 100 “ i l 1 1 1 l lllllllllll lllllllllll 120 120 CANADIAN DOLLAR 100 ------^ 80 7 ^ 0 = 100 --------- i-... ... - 80 ----------- — 60 l I I m i lllllllllll 60 lllllllllll 80 70 60 50 40 1981 1983 1981 1983 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (♦) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY u.s.c U.S. DOLLARS PER FINE OUNCE APS PER FINE OUNCE 800 800 750 750 7 00 700 650 650 600 600 12.5 Kg BARS 550 AFTERNOON FIXING PRICE 550 500 500 450 450 vv 400 400 350 350 300 300 I I l-l l H 250 1980 1981 1982 lM .1 .1.L 1983 250 CHART 4 CALL MONEY RATES WEEKLY SERIES 1981 1983 1981 1983 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CEN t PER ANNUM PERCENT PER ANNUM 1981 1983 1981 1983 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo ndo n AVERAGES F(5R WEEK ENDING WEDNESDAY 24 24 20 20 16 16 12 12 8 8 4 4 24 24 20 20 16 16 12 12 8 8 4 4 24 24 20 20 16 16 12 12 8 8 4 4 1981 1983 1981 1983 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES OFFERENTIAL: PIUS<+), F A V O R S BORROWING IN U. S. AV E R A G E S F O R W E E K E N D M G W E D N E S D A Y PER CENT PER ANNUM 26 PERCENT PER ANNUM 26 22 16 14 - 10 6 3 2 104- 1 1 2 3 4 1 PE RC ENT ON D IF F E R E N T IA L S C A L E = 2 PERCENT ON RATE S C A LE CHART 8 INTEREST ARBITRAGE: 3-M ONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY P ER C E N T >E R ANNUM PERCENT PER ANNUM 28 20 12 4 2 + 0 2 4 1 PERCENT ON D IF F E R E N T IA L SCALE = 2 PERCENT ON RATE SCALE CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES NT PER ANNUM PERCENT PER 19 19 UNITED STATES 15 15 11 11 7 7 15 9 11 5 7 1 13 13 9 9 5 5 22 U. S. CORPORATE 22 m o n thly 18 18 14 14 10 10 6 6 1981 1983 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 180 160 140 120 100 180 160 140 120 100 80 130 110 90 70 280 240 200 160 120 1981 1983 1981 1983 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMA N HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA INDICES, MARCH JULY JULY JULY JULY JULY JULY JULY JULY JULY 27 27 27 27 27 27 27 27 27 38.41 0.41602 34.34 152.39 8 1.07 12.78 47.41 1.92077 0.06494 JULY JULY JULY JULY JULY JULY JULY JULY JULY 27 27 27 27 27 27 27 27 27 108.06 108.93 9 8.57 61.64 80.80 57.60 152.52 75.69 36.89 27 27 27 27 27 27 27 27 27 27 27 126.98 137.38 135.83 120.40 72. 13 97. 32 66.66 187.33 90.91 41.85 68.40 27 27 27 27 27 27 27 27 0.61 0.32 5.08 -3.72 5.28 4.46 3.53 -6.60 1973 BASE RATES = 100 GERHAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G- 10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY CHA RT 2. 3— MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JULY JULY JULY JULY JULY JULY JULY JULY LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3. GOLD PRICE IN LONDON, U.S. AFTERNOON FIXING DOLLARS PER FINE O U N C E JULY 27 425.110 CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC JULY JULY JULY JULY JULY JULY JULY JULY JAN. JULY 27 27 22 15 22 22 22 22 1 22 9.46 9.50 9.50 9.23 5-00 4.65 6.31 12.13 10.30 2.67 JULY JULY JULY JULY JULY JULY JULY 27 27 20 27 27 27 27 9.52 5.48 6.63 9.38 9.86 4.79 8.24 JULY JULY JULY JULY JULY JULY 27 27 27 27 27 27 9.50 9.60 9.65 10.04 10.44 10.63 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFE RENTIAL ADJ. FOR RESERVE REQUIREMENTS JULY 27 JULY 27 JULY 27 9.50 9.46 0.04 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFE RENTIAL JULY 27 JULY 27 JULY 27 10.04 9.52 0.52 CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS I N TERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7 - DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME CHART I. INTEREST ARBITRAGE, LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON) , COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 10.0* 10.19 -0. 15 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 9.27 10.00 -0.73 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), C O V E R E D DIFFERENTIAL JULY 27 JULY 27 JULY 27 10.0* 10.63 -0.59 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 10.0* 10. 1* -0.10 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM JULY JULY JUNE JULY JULY APRIL FEB. MAY 22 15 8 15 8 27 11.36 8. 15 7. *9 *.53 11.96 1 *. 60 8.20 9.7* U. S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10- 11.7* 9.90 JUNE APRIL STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SNITZERLAND NETHERLANDS FRANCE JAPAN JULY JULY JULY JULY JULY MAY JUNE JULY 13 13 6 6 13 25 29 6 172.30 1*8.82 2*5.67 1*0.06 113. 13 123.83 12*.67 17*.97
@FedFRASER