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S (516/517) <N, Selected Interest & Exchange Rates Weekly Series of Charts December 13, 1982 Prepared by the F I N A N C I A L MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 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 SUBSCRIPTION RATES: 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. 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 JAPANESE YEN FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 120 - 100 - - // 111111111111 i ill i hilt i 80 " T Y T r i t Y U.K. POUND SWISS FRANC 180 — DUTCH GUILDER - \l - v. - 160 - 140 1 GERMAN MARK 100 " I I I I I I I 100 I I I I I I IIII 1I 1I 1I1 1 1 1 II — I 120 100 - 80 - CANADIAN DOLLAR - FRENCH FRANC I 60 160 I I I I I I I I I I I I I — — 140 — 120 - 100 - — BELGIAN FRANC - \ A ~ ITALIAN LIRA 80 I I 1980 I I I I I I I I11111111111 I I I I 1982 120 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN ENT PER ANNUM 6 ITALIAN LIRA - + 0 CANADIAN DOLLAR LuJ 6 I I I V — "V 11111111 h i 6 + 0 U. K. POUND 6 DUTCH GUILDER 111, M I M h i 12 12 SWISS FRANC GERMAN MARK 6 + 0 6 + 0 6 FRENCH FRANC JAPANESE YEN 12 1980 1982 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DO U.S. DOLLARS PER FINE OU RS PER FINE OUNCE i 800 750 700 650 600 550 550 500 500 12.5 Kg BARS 450 AFTERNOON FIXING PRICE 450 400 400 350 350 300 300 250 250 200 20C 150 150 100 10C 1979 1980 1981 1982 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANH PER ANNUM 28 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 12 8 4 24 20 16 CANADA EURO-SWISS FRANC 12 8 NETHERLANDS 4 + 0 24 20 FRANCE 16 12 8 JAPAN 4 EURO-DM 0 1980 1982 1980 1982 . A CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANN 20 U.S. CD S 16 12 U.K. INTERBANK STERLING WEIGHTED AVERAGE FOREIGN RATE 8 4 20 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 16 12 8 4 0 I I I I I III I I I 12 JAPANESE BANK LOANS AND DISCOUNTS 8 4 SWISS INTERBANK RATE 0 1980 1982 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANH NT PER ANNUM 24 20 16 12 8 3-MONTH OVERNIGHT I I II I 4 24 20 16 12 8 7-DAY 6-MONTH 1-MONTH t-YEAR 4 24 20 16 12 8 4 1980 1982 1980 1982 * CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: FLUSH, FAVORS BORROWING IN U. S. AVERAGES FOR WEEK EN0#t6 WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS \V*T 90-DAY CO* S OVERNIGHT EURO-DOLLAR DEPOSITS I I 1, 11 1 11 3 - 2 1 1 OFFERENTIAL DIFFERENTIAL 2 3 1 II I i l 1980 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1962 -I I 111 M 11TI M I 1980 11 i ii 111111 1982 4 "T 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 28 - EURO-DOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED Jl ^ -X V -X. J INTERBANK STERLING AtV y v 1 "\ lU - U. S. COMMERCIAL PAPER COVERED LONDON 1 1 1 lllllllllll 11 ill 1111ll1 — — - DIFFERENTIAL DIFFERENTIAL - r ' M T M A / v jAvAA-VV " m i ii III hill i " i l l 1 1 1 II 1,11 IIIIII 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 - - \r\ V /r \ M " yX — 12 EURO-DOLLAR DEPOSITS — EURO-DOLLAR DEPOSITS — DASHED LINE 4 i i t I I I DASHED LINE 1_L lllllllllll DIFFERENTIAL DIFFERENTIAL A ~ 1980 1982 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E I I A A A L J I 1980 1982 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM — U.S. CORPORATE 19 19 MONTHLY 15 Aaa BONDS UNITED STATES 11 EURO-DOLLAR BONDS I l I In l l I I I I II I I I I I 9 j — UNITED KINGDOM /*\ . V - A SWITZERLAND — — I I I I I I I II I II I II I I I 5 - - 11 I I I I I 1 llllllllIlL 13 MONTHLY JAPAN - J V* I - 5 I FRANCE CANADA NETHERLANDS 1980 1982 9 I GERMANY — rv V I \ 1980 1982 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO ! 1969=1 RATIO SC 1969= tLE 1 180 160 1 - - 140 120 100 JAF>AN UNITED STATES I 80 I ill 11 hill I i — 140 GERMANY 120 \ y \ ~ w 100 . m vx / V ; UNITED KINGDOM 80 I I I I II IIIII'I'I I I IIIII IIIII I 140 FRANCE SWITZERLAND 120 100 I - V w 80 11111 n 11111iii i I I I I I I 140 120 CANADA NETHERLANDS 111 l l l l l l u 1980 1982 1980 1982 „ SERIES NAME LASI VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVEBAGBS, NOON BUYING RATES (U.S. CENTS) GERMAN MASK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DCL1AB FRENCH F3ANC SWISS FRANC BELGIAN FRANC ITALIAN LISA DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 8 8 8 8 8 8 8 8 8 41.12 0.40831 37.32 163. 13 80.60 14.51 48. 23 2.09435 0.07108 DEC. DEC. DEC. DEC. DEC. DEC. DEC,. DEC. DEC. 8 8 8 8 8 8 8 8 8 115.66 106.91 107.14 65.98 80.33 65.40 155. 15 82. 53 40.38 8 8 8 8 8 8 8 8 8 8 8 119.69 140.95 126.27 125. 24 73.87 91.99 72.93 181.74 94.82 43.87 68.61 8 8 8 8 8 8 8 8 — 1. 75 -0..64 3.,08 -9..39 6. 06 3,.40 2. 45 -13..09 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GOILDEB U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS .FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAS 1973 = 100 (G-10 COUNTRIES PLCS SWITZERLAND) U.S. DOLL A J GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DCLXAR FSENCH FSANC SWISS FBANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. CHART 2. 3-MONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GER3AN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PR7CE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE DEC, 8 446.45 CHART 4. CALX MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SflISS FRANC DEC. 8 DEC. 8 DEC. 3 NOV. 12 DEC. 3 NOV. 26 DEC. 3 DEC. 3 JAN. 1 NOV. 26 8. 84 8.85 10.50 11.84 6.00 6.86 7.06 12.88 10.30 7.65 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 8 8 8 8 8 8 8 8.69 6.55 7. 13 10.98 10. 14 3.47 9.11 DEC. DEC. DEC. DEC. DEC. DEC. 8 8 8 8 8 8 8.85 8. 93 9.20 9.48 9.73 10.03 CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCCUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-J5AY 1-MONTH 3-flONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKI RATES OVERNIGHT EURO-DOLLAR DEPOSITS U. S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS DEC. DEC. DEC. 8 8 8 8.85 8. 84 0.01 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL DEC. DEC. DEC. 8 8 8 9.48 8.69 0.79 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8- INTEREST ARBITRAGE, 3-MONTH FUNDS 9.48 9.49 -0.01 EUBC-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 U.S. COMMERCIAL PAP Eft CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 8 -0.68 EU&O-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT) , COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 6 9.4 a 9.68 -0.21 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 8 9.48 9.58 -0.11 DEC. NOV. OCT. NOV. NOV. OCT. JAN. NOV. 3 19 10. 69 8. 16 8. 45 4. 27 1 1.69 15. 70 11. 12 10. 68 8 8. 50 9. 18 CHART 9. LONG TERM GOVESMENT BOND YIELDS UNITED S1ATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 26 12 8 1 26 U.S. CORPORATE AAA BONDS EUaC-DOLlA^ BONDS y I CHART 10. 1 1.68 11. 63 NOV. OCT. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 1 1 1 1 1 1 1 1 143.09 133.21 183.23 102.79 91.15 96.32 102.44 154.15 •FEDERAL RESERVE statistical release H.10 (512) DEC2UBER FOREIGN EXCHANGE RATES FOB THE WEEK ENDING DECEMBER [[[[ 16, 1982 10, 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: COUNTRY ARGENTINA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE CHINA, P.R. COLOMBIA DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA INDONESIA IRAN •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW ZEALAND NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND THAILAND •UNITED KINGDOM VENEZUELA MONETARY UNIT 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 DEC. 6 43840.00 96.49 17.000 47.660 237.35 1.2411 74.000 1.9569 65.200 8.5400 5.3550 6.8700 2.4285 70.200 6.5850 9.6900 685.75 NA 137.35 32.430 1404.00 2 4 5 . 10 2 . 3660 135.0000 2.6770 72.450 6.9475 914.87 8.9900 92.000 2.1630 91.35 745.65 127.700 21.160 7.3500 2.0695 23.000 162.00 4.2970/ (CURRENCY UNITS PER DCLLAR) DEC. 7 DEC. 8 43840.00 96.45 16.970 47.630 237.35 1.2447 74.000 1.9412 69.200 8.5325 5.3280 6.8750 2.4250 69.850 6.5200 9.6800 685.75 NA 137.40 32.630 1399.00 242.75 2.3630 135.0000 2.6730 72.500 6.9975 914.87 8.9900 93.000 2.1640 91.90 745.65 126.900 21.160 7.3775 2.0590 23.000 163.20 4.2970 43840.00 9 6 . 51 16.960 47.770 237.35 1.2410 74.000 1.9412 6 9 . 200 8.5675 5.3625 6.9025 2.4335 70.600 6.5300 9.6700 685.75 NA 137.25 32.620 1403.00 242.15 2.3620 140.0000 2.6740 72.480 6.9900 914.87 8.9900 95.000 2. 1610 92. 15 745.65 128. 100 21.160 7.3425 2.0660 23.000 162.70 4.2970 DEC. 9 43840.00 96.22 17.200 48.140 2 3 7 . 35 1.2387 74.000 1.9412 69.200 8.6375 5 . 3 7 10 6.9650 2.4590 71. 150 6. 5300 9.7100 685. 75 NA 135.90 32.690 1419.00 245.70 2.3650 142.0000 2. 7000 72.300 7.0360 914.87 8.9900 94.000 2.1650 9 1 . 75 745.65 128.600 21.160 7 . 40 50 2. 0935 23.000 161.20 4. 2970 bee. io 43840.00 9 6 . 33 17.220 48.250 237.35 1.2350 72.250 1.9510 69.310 8.6275 5. 3790 6.9500 2.4525 71.100 6.5300 9.7300 686.25 NA 136.35 32.690 1424.00 244.25 2.3620 136.0000 2 . 7 0 30 72.250 7.0400 930.73 9.0540 92.950 2. 1630 91.75 745.65 129.010 21.160 7.3900 2 . 0 8 30 23.000 161.00 4.2970
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