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5 - ^
(516/517)
Selected Interest &
Exchange Rates
Weekly Series of Charts
December 6 , 1 9 8 2
Prepared by the
FINANCIAL MARKETS
SECTION
DIVISION OF
INTERNATIONAL FINANCE
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551
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
a INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM GOVERNMENT BOND YIELDS
10. INDUSTRIAL STOCK INDICES
e
CHART 1
SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO I ^ A L E
MARCH 1 9 7 3 = 1 0 0
RATIO SCALE
MARCH 1 9 7 3 = 1 0 0
160
„
140
120
-
100
—
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
-
/
-
80
U.K. ROUND
SWISS FRANC
180
DUTCH GUILDER
-
-
GERMAN MARK
I
I
I
I
" i
1 1
•
i
i
i
r r -
M h l l N l . l
120
100
CANADIAN DOLLAR
-
80
^ v - — ^
/
FRENCH FRANC
I
60
160
—
140
-
I
I
I
I
I
—
A / V
-
120
100
-
\\
—
-
BELGIAN FRANC
—
v A
~~
ITALIAN LIRA
80
1111 HMTM"
1980
1982
160
-
140
120
-
100
-
1980
1982
100
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
:ENT PER ANNUM
PERCENT PER AL
—
ITALIAN LIRA
-
CANADIAN DOLLAR
6
I
I
I
-
,v
6
+
0
U. K. POUND
6
DUTCH GUILDER
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. D
PER FINE OUNCE
U.S. DOLLARS PER FINE
800
800
750
750
700
700
650
650
600
600
550
550
500
500
12.5 Kg BARS
AFTERNOON FIXING PRICE
450
450
400
400
350
350
300
300
250
250
200
200
150
150
100
100
1979
1980
1981
1982
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER A N N ^
PERCENT PER ANNUM
28
28
24
U . S . FEDERAL FUNDS
-
20
16
—
-
.
12
I
I
I
u. K. 2-DAY LOCAL AUTHORITY
, J(
Al
V
i
ill!
i
X
i
CANADA
EURO-SWISS
FRANC
NETHERLANDS
GERMANY
FRANCE
JAPAN
1980
EURO-DM
1982
1980
1982
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANN
IT PER ANNUM
20
U . S . CD S
16
12
U.K. INTERBANK STERLING
WEIGHTED AVERAGE
FOREIGN RATE
8
4
26
GERMAN INTERBANK RATE
CANADIAN FINANCE CO. PAPER
22
18
14
10
6
16
JAPANESE BANK
LOANS AND DISCOUNTS
12
SWISS INTERBANK RATE
8
LLi-LL
4
1980
1982
1980
1982
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER A,V
NT PER ANNUM
24
20
16
12
8
3-MONTH
OVERNIGHT
111llll1111
4
24
20
16
12
6-MONTH
7-DAY
8
4
24
20
16
12
1-YEAR
1-MONTH
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
-
22
FEDERAL FUNDS
18
I \r*r
-
14
-
10
90-DAY CD S
OVERNIGHT
E U R O - D O L L A R DEPOSITS
I I
I I
I I I I I
6
3
-
DIFFERENTIAL
DIFFERENTIAL
2
2
3
11 11 1 11 11 11 II 1
1980
nmccncMTi A t
CPAI
cr - n PFRPFNT DN RATF SCAI F
1982
4
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
28
EURO-DOLLAR DEPOSITS
DASHED LINE
CANADIAN FINANCE
CO. PAPER, COVERED
20
20
-
12
INTERBANK STERLING
U. S. COMMERCIAL PAPER
COVERED LONDON
I
I
12
4
I I I III! I I I I
2
—
—
DIFFERENTIAL
DIFFERENTIAL
-
—
-
-
NATW\A/V
j A v A ^ V x /V v ^VVAV v W x A 1 ^
/ v
wyr—
i IIIIIIIIII
2
4
28
28
SWISS INTERBANK (SF) COVERED
INTERBANK DM
COVERED FRANKFURT
20
20
12
12
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
DASHED LINE
JLL
2
—
DIFFERENTIAL
DIFFERENTIAL
A
A
y
11111111111
1980
1982
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
I
i
i
1980
i
Iiiiiiiiiiii
+
IL
0
I ItI II I I II I
1982
2
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER AN!
NT PER ANNUM
19
19
U. S. CORPORATE
UNITED STATES
15
MONTHLY
Aaa BONDS
—
/ \
r\
-
15
-
11
—
-
11
EURO-DOLLAR BONDS
I
7
l
I
7
9
15
UNITED KINGDOM
SWITZERLAND
—
5
11
1
7
13
1
1
1
I
1
11111111111
nil.I,.In
1
13
MONTHLY
JAPAN
9
9
GERMANY
5
5
22
22
18
18
FRANCE
CANADA
14
14
10
10
NETHERLANDS
6
6
1980
1982
1980
1982
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO •
1969=1
RATIO SC
1969=
,LE
1
180
160
140
120
100
JAPAN
UNITED STATES
80
140
GERMANY
120
100
UNITED KINGDOM
80
140
FRANCE
SWITZERLAND
120
100
W
80
140
120
100
CANADA
NETHERLANDS
8C
6(
1980
1982
1980
1982
SERIES
HART 1 .
SPOT
EXCHANGE RATES
WEEKLY A V E R A G E S ,
L A S T VA.LOE PLOTTED
DATE
VALUE
NAME
AND I N D I C E S
NOON BUYING
RATES
(U.S.
CENTS)
GERMAN MARK
J A P A N E S E YEN
DUTCH G U I L D E R
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
B E L G I A N FRANC
ITALIAN LIRA
INDICES,
MABCH
1973
BASE
RATES =
WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S ,
( G - 1 0 C O U N T R I E S P L U S SWITZERLAND)
MAR 1 9 7 3
3 - M O N T H FORWARD EXCHANGE R * T E S ,
DEC,
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
113.41
104.91
105.05
65.31
80.47
64. 25
1 5 1 . 18
8 0 . 95
39.56
=
100
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
U . S . DOLLAR
GERMAN MARK
J A P A N E S E YEN
DUTCH G U I L D E R
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
B E L G I A N FRANC
ITALIAN LIRA
SWEDISH KRONA
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
S W I S S FRANC
DUTCH G U I L D E R
J A P A N E S E YEN
ITALIAN LIRA
40.31
0.40066
3 6 . 59
161.48
80.73
14.26
4 6 . 99
2.05437
0.06965
100
GERMAN MARK
J A P A N E S E YEN
DUTCH G U I L D E R
U . K . POUND
CANADIAN DOLLAR
FF.ENCH FRANC
S W I S S FRANC
B E L G I A N FRANC
I T A L I A N LIRA
CHAST 2 .
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
PREMIUM OR
121. 64
139. 78
1 2 5 . 139
1 2 4 . 30
7 4 .,08
9 3 . 42
7 2 ,.52
179. 28
9 4 .,16
4 3 . 51
6 8 ..80
DISCOUNT
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
- 1 . 53
- 0 . 10
2 . 76
-9.34
5. 77
3 . 16
2.49
-14.31
SERIES
CHAtfT 3 .
GOLD P R I C E
U.S.
CHAR'i 4 .
IN
DOLLARS
CALL
PER
L A S T VAXUE P L O T T E D
DATE
VALUE
NAME
LONDON,
FINE
AfTERNO-ON F I X I N G
OUNCE
5.
3-MONTH I N T E R E S T
EURO-DOLLAR
DEPOSIT
RATES:
DEC.
DEC.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
JAN.
NOV.
1
1
26
12
26
5
26
26
1
5
8. 69
8 . 77
10. 00
11. 84
6. 95
6 . 94
6. 63
1 3 . 00
1 0 . 30
1. 85
SELECTED
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
EURO-DOLLAR
8.75
7.25
7. 13
10.98
9.94
4.00
9.46
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6 - f i O N TH
1-YEAR
CHART 7 .
4 2 7 . 70
RATTiS
U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET
GERMAN INTERBANK LOAN
J A P A N E S E BANK LOANS 6 D I S C C U N T S
CANADIAN F I N A N C E PAPER
INTERBANK S T E R L I N G
S W I S S INTERBANK LOAN
WEIGHTED AVERAGE F O R E I G N I N T E R E S T RATE
( G - 1 0 C O U N T R I E S P L U S SWITZERLAND)
CHART 6 .
1
MCNEY R A T E S
U . S . FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR D E P O S I T S
U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S
CANADA
GERMANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
E U R O - S W I S S FRANC
CHART
DEC.
AND U . S .
1
1
1
1
1
10.06
1
10.29
8.77
8.69
MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR D E P O S I T S
U . S , FEDERAL FUNDS
D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS
DEC.
DEC.
DEC.
1
3-MONTH EURO-DOLLAR D E P O S I T
U . S . 9 0 - D A Y C D ' S , SECONDARY
DIFFERENTIAL
DEC.
DEC.
DEC.
1
8.77
8.91
9 . 24
9.76
RATE
MARKET
1
1
1
1
0.08
9.76
8.75
1.01
SERIES
CHAR! 8 .
INTEREST
L A S T VALUE P L O T T E D
DATE
VALDE
NAME
ARBITRAGE,
3-MONTH FUNDS
EURO-DOLLAR D E P O S I T
INTERBANK S T E R L I N G {LONDON),
DIFFERENTIAL
U . S . COMMERCIAL PAPER
CANADIAN F I N A N C E P A P E R ,
DIFFERENTIAL
COVERED
COVERED
EURO-DOLLAR D E P O S I T
INTERBANK DM ( F R A N K F U R T ) ,
DIFFERENTIAL
COVERED
EURO-DOLLAR D E P O S I T
S W I S S I N T E R B A N K , COVERED
DIFFERENTIAL
CHART 9 .
9.76
9.84
-0.07
DEC.
DEC.
DEC.
1
1
1
8.55
9.44
-0.89
DEC.
DEC.
DEC.
1
1
1
9.76
10.06
-0.30
DEC.
DEC.
DEC.
1
1
1
9.76
9 . 83
-0.06
NOV.
NOV.
OCT.
NOV.
OCT.
OCT.
JAN.
NOV.
26
5
t O . 52
8 . 10
8.45
4.21
1 2 . 40
1 5. 70
1 1 . 12
10.68
12
15
8
1
26
CORPORATE
AAA BONDS
EURO-DOLLAR
CHART
1
1
1
LONG TERM GOVEAMENT BOND Y I E L D S
UNITED STATES
GERMANY
J A P A N (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
U N I T E D KINGDOM
U. S .
DEC.
DEC.
DEC.
10,
BONDS
STOCK I N D I C E S
UNITED STATES
U N I T E D KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
1 2 . 12
12.92
OCT.
SEPT.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOT.
NOV.
24
2#
24
24
24
24
24
24
1 3 7 . 70
135.28
178.69
102.07
88.77
92.00
101.73
152.74
FEDERAL RESERVE statistical release
H. 1 0 ( 5 1 2 )
DBCBMBEH
FOREIGN EXCHANGE RATES
FOB THE SEEK ENDING
DECBHBBB
3,
6,
1982
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:
MONETARY
UNIT
COUNTRY
ARGENTINA
•AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHILE
C H I N A , 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
SOOTH KOREA
SPAIN
S S I LANKA
SWEDEN
SWITZERLAND
THAILAND
• U N I T E D KINGDOM
VENEZUELA
PESO
DOLLAR
SCHILLING
FRANC
CRUZEIRO
DOLLAR
PESO
YUAN
PESO
KRONE
MAJRKKA
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
•
CENTS
VALUE I N
U.S.
NOV.
29
39200,00
95.55
17.520
48.720
237.25
1.2398
70.120
1.9906
68.700
8.7350
5.|»515
7.0260
2.4845
71.500
6.6555
9.7700
683.50
NA
135.90
31.650
1435.00
250.35
2.3640
135.0000
2.7360
71.800
7.0650
901.89
8.9000
91.900
2.2030
89.97
745.65
118.440
21.100
7.4400
2. 1330
23.000
160.62
4.2980^
(CURRENCY UNI' I S PER DOLLAR
NOV. 3 0
DEC.
1
39200.00
95.79
17.460
48.440
237.25
1.2373
70.120
1.9906
68.700
8.6700
5.4370
6.9730
2.4650
71.400
6.6700
9.7400
683.50
NA
136.55
31.650
1427.50
249.20
2.3640
135.0000
2.7215
71.900
7.0250
901.8.9
8. 9000
92.200
2.2020
90.15
745.65
118.150
21.100
7.3780
2.1175
23.000
163.20
4.2980
39200.00
95.90
17.290
48.550
237.35
1.2393
70.120
1.9687
68.700
8.6950
5.3920
6.9700
2.4665
70.630
6.6400
9.6500
683.50
NA
135.70
31.650
1429.00
248.60
2.3630
132.0000
2 . 7 170
72.150
7. 0350
901.89
8.9000
91.800
2. 1925
90.93
745.65
117.500
21.100
7.3950
2.1110
23.000
162.85
4.2980
DEC.
2
39200.00
96.17
17.220
48.070
237.35
1.2407
7 0 . 120
1.9687
68.700
8.6000
5.3800
6.9210
2.4480
71.150
6 . 6 300
9.6500
683.50
NA
137.05
32.380
1418.00
2 4 8 . 10
2.3635
128.0000
2.6960
72.350
6.9503
901.89
8.9000
92.000
2.19*0
90.95
745.65
1 18.390
21.100
7.3300
2.0975
23.000
163.65
4.2980
DEC.
3
43840.00
96.26
17.100
47.610
237.25
1.2359
74.000
1.9569
69.200
8.5425
5.3475
6.8825
2.4260
70.300
6.5975
9.6300
685.75
NA
137.55
3 2 . 380
1410.00
246.60
2.3655
135.0000
2.6770
72.500
6.9150
914.87
8.9900
90.500
2.1865
91.65
745.65
1 1 7 . 100
21.160
7.3150
2.0760
23.000
164.10
4.2970
@FedFRASER