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(516/517) v ? Selected Interest & Exchange Rates Weekly Series of Charts , August 30, 1982 DIVISION OF INTERNATIONAL FINANCE Prepared by the F I N A N C I A L MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 ^ 4 r Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $15.00 per year or $.40 each in the United 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, Division of Administrative Services, and make payment remittance payable to the order of the Board of Governors of the Federal Reserve System in a form collectible at par in U.S. Currency. 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE- LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES • I -f CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 - 1 0 0 160 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 * JAPANESE YEN - - 140 - 120 100 100 "l i I 80 240 U.K. POUND 100 200 80 160 140 SWISS FRANC J 11 I I I hill I L DUTCH GUILDER GERMAN MARK 120 120 100 CANADIAN DOLLAR — 100 - 80 80 FRENCH FRANC I 60 ^ liihiliilii 60 80 160 140 - A — / 70 >—V/ — I m I # 120 - 100 - ^ 80 \A BELGIAN FRANC y A — " V 60 - — — \/ - - — — - ITALIAN LIRA ^ I I | |||, hill I 1980 50 1QR0 I I w 40 I II i I I II i I I II I II I I I I I I CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (*•) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PVR AH ENT PER ANNUM 6 ITALIAN LIRA + 0 CANADIAN DOLLAR i II I M ! I M 6 6 + 0 U. K. POUND 6 DUTCH GUILDER ! i IIIII!I 12 12 SWISS FRANC GERMAN MARK 6 + 0 6 + 0 6 FRENCH FRANC APANESE YEN 12 Mill. 1980 1982 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE < U.S. c LLARS PER FINE OUNCE 800 750 700 650 600 550 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 400 350 300 250 200 150 I I I I 100 1979 1980 1981 I I i i I i i I 1982 i I i CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 28 28 24 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 20 24 24 20 16 20 CANADA EURO-SWISS FRANC 12 8 NETHERLANDS 4 + 0 24 24 20 20 GERMANY FRANCE 16 12 8 JAPAN EURO-DM 4 0 1980 1982 1980 1982 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES \IT PER ANNUM PERCENT PER M 20 U.S. CD'S 16 12 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING 8 4 20 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 16 12 8 4 0 12 JAPANESE BANK LOANS AND DISCOUNTS 8 SWISS INTERBANK RATE £ I 1980 1982 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN NT PER ANNUM 24 20 16 12 8 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 4 24 20 16 12 8 4 24 20 16 12 8 4 1980 1982 1980 1982 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 3-MONTH E U R O - D O L L A R DEPOSITS FEDERAL FUNDS I Y^r 90-DAY CD S OVERNIGHT E U R O - D O L L A R DEPOSITS DIFFERENTIAL DIFFERENTIAL I 11 I I 1980 ! P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON RATE S C A L E 1982 1980 1982 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+>, INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 EURO-DOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 20 20 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON 2 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 2 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 20 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE 2 DASHED LINE 2 DIFFERENTIAL DIFFERENTIAL + 0 2 1980 1982 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON RATE S C A L E 1980 1982 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER AL ENT PER ANNUM 19 U. S. CORPORATE UNITED STATES 15 — MONTHLY Aaa BONDS / \ — — 11 - A/ — y EURO-DOLLAR BONDS 7 15 UNITED KINGDOM — SWITZERLAND — 11 — 7 13 MONTHLY JAPAN 9 GERMANY 5 22 18 FRANCE CANADA 14 10 NETHERLANDS 6 1980 1982 1980 1982 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969: 180 160 140 120 100 UNITED STATES JAPAN 80 140 120 GERMANY 100 UNITED KINGDOM 80 140 FRANCE 120 SWITZERLAND 100 80 140 120 100 NETHERLANDS 80 60 CANADA LA?.? VALUE PLOTTED D^fE VALUE SERIES >IAME C H A M 1 1. SPOT EXCHANGE RATES AND INDICES UEEKL* AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MLRK JAPANESE YEN DUTCH GUILDER ". K- POUND CANADIAN DOLLAR FRENCH FPANC SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA INDICES* AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 25 25 25 25 25 25 25 25 25 40.86 0.39368 37.17 174.72 80.88 14.53 48.32 2.12698 0.07236 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 25 25 25 25 25 25 25 25 25 114.93 103.08 106.72 70.67 25 25 25 25 25 25 25 25 25 25 25 118. 16 137., 19 119.84 123.37 78.80 91..33 72..45 180..20 95.34 44.,24 82..31 MARCH 1973 BASJs RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER O.K. POUND CANADIAN DOLLAR FRENCH FRANC S9ISS JfRANC BELGIAN F R A N C ITALIAN LIRA 80.61 65.68 155.44 83.81 41.11 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 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. * CHART 2. 3-30NTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR 0«X. POUND GERMAN MASK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA aUG. 25 AUG. 25 AUG. 25 AUG. 25 AUG. 25 AUG. 25 A if ~ . A;, a. 25 -3.75 -0.22 2.23 -9.08 6.64 2.00 3.09 -9.55 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTEBNOON FIXING U.S. DOLLARS PES FINE OUNCE AUG. 25 389. 28 AUG. AUG. AUG. JULY AUG. AUG. AUG. AUG. JAN. AUG. 25 25 13 16 13 13 13 13 1 13 9. 04 9. 09 11. 63 15. 86 9. 00 8. 73 7. 38 14. 50 10.30 1. 30 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 25 25 25 25 25 25 25 9.59 8.63 7.38 14.18 10.65 3.70 10.62 CHART 4. CALL MONEY BATES U.S. FEDERAL FUNDS OVEBNIGHI EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EUBC-DM JAPAN FBANCE NETHERLANDS EURO-SWISS FBANC CHART 5, 3-MONTH INTEREST BATES U.S. 90-DAY CD'S, SECCNDABY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST BATE (G-10 COUNTRIES PLUS SWITZERLAND) CHAJtT 6. EURO-DOLLAR DEPOSIT RATES: LONDON # 25 25 25 25 25 25 9.09 9.25 9.76 10.36 11.33 12.05 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. 25 AUG. 25 AUG. 25 9.09 9.04 0.05 3-MONTH EURC-DOLLAR DEPOSIT BATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL AUG. 25 AUG. 25 AUG. 25 10.36 9.59 0.77 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR AUG. AUG. AUG. AUG. AUG. AUG. CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME LASS VALUE PLOTTED DATE VALUE CHART 8- INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STEALING (LONDON), COVERED DIFFERENTIAL AUG. 25 AUG. 25 AUG. 25 10.36 10.42 -0.06 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL AUG. 25 AUG. 25 AUG. 25 9.01 10.29 -1.28 EURO-DOLLAB DEPOSIT INTERBANK -DM (FRANKFURT), COVERED DIFFERENTIAL AUG. 25 AUG. 25 AUG. 25 10.36 10.91 -0.55 EUJUO—DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFEBENTIAL AUG. 25 AUG. 25 AUG. 25 10.36 10.40 -0.04 20 20 12. 60 8. 85 8. 53 5. 00 16. 09 15. 96 11. (12 10. 95 CHART 9 . LONG TERM GOVEfiMENT BOND YIELDS UNJTED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA .FRANCE NETHERLANDS UNJTED KINGDOM AUG. AUG. JUNE JUNE JULY JULY JAN. AUG. 11 16 9 1 20 U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. JJ MAY 21" no 1J.U2 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAJAN J0 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 11 11 11 11 11 11 1(1 11 105. .63 120. 35 136. 93 94. 84 80. 49 81. 19 94. 79 135. 99 Qf GOV; FEDERAL RESERVE statistical release AtJGOST 3 0 , 1982 FOREIGN EXCHANGE RATES H.10(512) FOB S H E WEEK ENDING * A0G0S1 27, 1982 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the followinfgnoon buying rate in New York City for cable transfers payable in foreign currencies: COUNTSY ARGENTINA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE CHINA, P.R. COLOMBIA DENMARK FINLAND FBANCE GERMANY GREECE HONG KONG INDIA INDONESIA IRAN •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEE ZEALAND NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOEEA SPAIN SRI LANKA SWEDEN SWITZERLAND THAILAND •UNITED KINGDOM VENEZUELA MONETARY UNIX PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE RUPIAH RIAL POUND SHEKEL LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE SOL PESO ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC BAHT POUND BOLIVAR • VALUE IN U.S. CENTS AUG. 23 23050.00 97.70 17.300 47.050 189.90 1.2373 59.500 (1.9193 65.700 8.5750 4.7300 6.8690 2.4550 69.650 6.0250 9.5600 662.75 NA 140.25 27.210 1386.00 254.60 2.3360 97.0000 2.6975 73.530 6.6210 738.25 8.5050 86.100 2.1520 87.45 744.90 110.860 20.840 6.0360 2.0760 23.000 174.40 4.3000 fCURRENCY UNI?'S PER DOLLAR! AUG. 25 AUG. 24 23050.00 98-11 17.110 46.500 189.90 1.2336 59.500 1.9193 65-700 8.4680 4.6990 6.7850 2.4180 68.760 5.9625 9.5200 662.75 NA 142.20 27-1 40 1368.00 251.50 2.3300 99.0000 2.6580 74.000 6.5420 738.25 8-5050 85.600 2.1420 88.20 744.90 109.730 20.840 6.0500 2.0400 23.000 176.65 4.3000 23050.00 98.23 17.050 46.750 189.90 1.2335 59.500 1.9078 65.700 8.4800 4.6775 6.8450 2.4275 68.750 5.9800 9.5100 662.75 NA 141.50 27.140 1372.00 251.00 2.3340 103.0000 2.6640 74.100 6.5600 738.25 8.5050 85.200 2.1420 88.30 744.90 109.340 20.840 6.0525 2.0430 23.000 176.05 4.3000 AUG. 26 23050.00 97.90 17.140 46.780 189.90 1.2336 59.500 1.9173 65.700 8.5200 4.6895 6.8725 2.4385 68.750 5.9975 9.5100 662.75 NA 140.85 27.120 1381.00 253.20 2.3380 120.0000 2.6760 74.050 6.5850 738.25 8.5050 85.100 2.1480 88.09 744.90 110.320 20.840 6.0625 2.0700 • 23.000 176.00 4.3000 AUG. 27 23050.00 97.20 17.310 47.350 189.90 1.2398 53.000 1.9173 65.650 8.6500 4.7210 6.9340 2.4710 69.810 6.0350 9.5500 662.75 NA 138.90 27.120 1395.00 256.60 2.3440 135.0000 2.7080 73.350 6.6220 751.09 8.5725 85.200 2.1515 84.37 744.90 111.000 20.900 6.1025 2.0980 23.000 173.60 4.3000
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