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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 ReservG 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 CHART 1 SPOT EXCHANGE INDICES D O L L A R PRICES O F FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) A V E R A G E S F O R WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 120 — 120 t V U.K. POUND 100 — 80 — — I FOREIGN CURRENCY PRICE OF U.S. DOLLAR - I 60 I I — 100 "\ ^ • /V, X Vv\aa A/ ™ - 80 - 111111111111 I I I I I I I I I I I I I I | || 11111111111 ! I I I I I I I I I I 6U JAPANESE YEN GERMAN MARK - - 200 ; - \.A - FRENCHI FRANC I 160 I I - I I mIMIMIM mInImM DUTCH GUILDER 140 \ ~ l I I I I 160 ~ l - I I I I I 11111! 11111 BELGIAN FRANC J \ Vr 120 1 100 I A, / r ^ I s k / SWISS FRANC 1 1 1 1 1 1 1 1 1 1 1 ITALIAN LIRA CANADIAN DOLLAR 1980 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 - ITALIAN LIRA V 2£ CANADIAN DOLLAR /V. - I I I I I I I 24 I I I I - I — - U. K. POUND DUTCH GUILDER 12 " l , , " I I I SWISS FRANC GERMAN MARK FRENCH FRANC 1980 JAPANESE YEN 1982 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ L L A R S PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 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 I 1979 1980 I I I I I I 1981 I I I I I I I 1982 100 CHART 4 CALL MONEY RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER AL 28 28 24 24 U. S. FEDERAL FUNDS _ 20 u. K. 2-DAY LOCAL AUTHORITY 20 MO. , 16 16 12 12 8 8 4 4 24 - 20 - 16 CANADA EURO-SWISS FRANC V 12 ~7 A. i A / / W v / y V 8 4 , f Lw " ' (A] y J<Vx — 24 — 20 - 16 12 - 8 NETHEF(LANDS 4 + + 0 0 i i i 1 1 1 1 1 1 1 1 1 1M1 | 1| |1| |1i | M 24 24 20 20 GERMANY FRANCE 16 16 12 12 8 8 JAPAN 4 EURO-DM 4 0 0 1080 1982 1980 1982 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER ANNUM R 20 PERCENT PER C 20 U.S. CD'S 16 16 12 12 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING 8 8 4 4 26 20 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 22 16 18 12 14 8 10 4 6 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS 12 8 8 I III I I I 4 4 SWISS INTERBANK RATE 1980 1982 0 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM PERCENT PER 24 24 20 20 16 16 12 12 8 OVERNIGHT 3-MONTH 8 4 4 24 24 20 20 16 16 12 12 7-DAY 8 6-MONTH 8 4 4 24 24 20 20 16 16 12 12 1-MONTH 8 1-YEAR 8 4 4 1980 1982 1980 1982 «r 6 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 EURO-DOLLAR DEPOSITS 22 FEDERAL FUNDS - 18 14 VV I l\Avf 90-DAY CD'S 10 OVERNIGHT E U R O - D O L L A R DEPOSITS I I I I I I I 11 11 11 11 11 ^AavV 1 DIFFERENTIAL DIFFERENTIAL 2 3 I I I I I I I I I I 1980 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 R A T E S C A L E 11111111111 1982 1960 11111111111 1982 4 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PIUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 EURO-DOLLAR DEPOSITS DASHED LINE CANADIAN FRANCE dO. PAPER, COVERED INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON — — DIFFERENTIAL DIFFERENTIAL — - ! | 2 " l I I w • 1 vy vy/ V ' V y V ^ V V 1 Vv"\ 1 4 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 — V / r - 20 — 12 | 12 \P EURO-DOLLAR DEPOSITS — — EURO-DOLLAR DEPOSITS DASHED LINE 1 1 1 1 1 DASHED LINE 1 4 DIFFERENTIAL J\r- ^— 1 1980 2 DIFFERENTIAL 1982 1 PERCENT 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 L A A A A /VsA A A^Ji 1 1980 1982 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AT 19 U. S. CORPORATE UNITED STATES 15 19 MONTHLY Aaa BONDS 15 11 11 EURO-DOLLAR BONDS 7 7 15 9 UNITED KINGDOM — SWITZERLAND — 5 11 I I I I I I I I I I I 7 13 1 13 MONTHLY JAPAN — — 9 9 ~yJ 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 SERES RATIO SCALE 1969=100 RATIO SCALE 1969=100 180 160 140 120 UNITED STATES JAPAN 100 80 140 SWITZERLAND - -i 120 - 100 UNITED KINGDOM I I I I I I 80 140 FRANCE 120 GERMANY - — VvAZ^/ V 120 \ 100 100 - I I I i i i 140 120 100 - NETHERLANDS CANADA 80 60 I I I I I 1980 I 1982 1980 1982 80 L A S ! V A L U E PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT E X C H A N G E R A T E S AND I N D I C E S WEEKLY A V E R A G E S , NOON BUYING R A T E S (U.S. CENTS) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA INDICES, MARCH JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 6 6 6 6 6 6 6 6 6 44.51 0.45566 40.56 191.96 84.23 17.53 55.55 2.60827 0.08337 JAN. JAN. JAN. JAN. JAN. JAN. JANJAN. JAN. 6 6 6 6 6 6 6 6 6 125. 21 119. 31 116. 45 77. 64 83. 95 79. 01 178. 71 102. 78 47. 36 6 6 6 6 6 6 6 6 6 6 6 104.91 136.90 127.12 122.53 78.84 86.26 80.20 188.91 107.10 46.56 82-76 6 6 6 6 6 6 6 6 -1.51 -1.57 3.10 -3.05 4.50 2-75 7.06 -9.53 1973 BASE R A T E S = 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA W E I G H T E D A V E R A G E E X C H A N G E V A L U E I N D I C E S , MAR 1973 = 100 (G-10 C O U N T R I E S P L U S S W I T Z E R L A N D ) U.S. D O L L A R G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. P O U N D C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA S W E D I S H KRONA JAN. JAN. JAN. JAN. JANJAN. JANJAN. JANJAN. JAN. CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR D I S C O U N T CANADIAN DOLLAR U.K. P O U N D G E R M A N MARK FRENCH F R A N C SWISS F R A N C DUTCH G U I L D E R J A P A N E S E YEN I T A L I A N LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. SERIES N A M E L A S T V A L U E PLOTTED DATE VALUE CHART 3. GOLD P R I C E IN L O N D O N , A F T E R N O O N FIXING U.S. D O L L A R S PER FINE O U N C E 6 400,00 JAN. 6 6 JAN. 1 JAN. DEC. 11 1 JAN. DEC. 18 1 JAN. JAN. 1 4 DEC. DEC. 18 12.98 13.00 14.50 17.50 10.75 10.46 6.63 15.50 11.15 1.05 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 6 6 6 6 6 6 6 12.94 10.62 6.52 15.13 15.61 8.00 12.15 JAN. JAN. JAN. JAN. JAN. JAN. 6 6 6 6 6 6 13.00 12.88 13.11 13. 55 14.50 14.47 JAN. 4. CALL MONEY R A T E S U.S. F E D E R A L F U N D S OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2 - D A Y LOCAL A U T H O R I T Y D E P O S I T S CANADA GERMANY EURC-DM JAPAN FRANCE NETHERLANDS EUEO-SWISS FRANC CHART 5. 3 - M O N T H I N T E R E S T R A T E S U.S. 90-DAY C D ' S , SECONDARY M A R K E T G E R M A N I N T E R B A N K LOAN J A P A N E S E EANK L O A N S & DISCOUNTS C A N A D I A N F I N A N C E PAPER I N T E R B A N K STERLING SWISS I N T E R B A N K LOAN WEIGHTED A V E R A G E FOREIGN I N T E R E S T RATE (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) C H A R T 6. EURO-DOLLAR D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. S E L E C T E D E U R O - D O L L A R AND U.S. MONEY M A R K E T R A T E S OVERNIGHT EURO-DOLLAR DEPOSITS U.S. F E D E R A L F U N D S D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S JAN. JAN, JAN. 6 6 6 13.00 12.98 0.02 3 - M O N T H E U E O - D O L L A R D E P O S I T RATE U.S. 90-DAY C D ' S , S E C O N D A R Y M A R K E T DIFFERENTIAL JAN. JAN. JAN. 6 6 6 13.55 12.94 0.61 SERIES NAME L A S T V A L U E PLOTTED DATE VALUE CHART 6 . I N T E R E S T A R B I T R A G E , 3 - M O N T H F U N D S EURO-DOLLAR DEPOSIT I N T E R B A N K S T E R L I N G (LONDON), C O V E R E D DIFFERENTIAL JAN. JAN. JAN. 6 6 6 13.55 13.97 -0.43 U . S . C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL JAN. JAN. JAN. 6 6 6 12.60 13.56 -0.96 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL JAN. JAN. JAN. 6 6 6 13.55 13.81 — 0.26 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL JAN. JAN. JAN. 6 6 6 13.55 12.59 0.95 1 JAN. DEC. 25 NOV. NOV. 13 DEC. 11 NOV. 13 4 SEPT. DEC. 18 14.07 9.83 8.22 5.73 14.83 16.92 11.98 13.30 I. LONG TERM G O V E R M E N T BOND YIELDS UNITED S T A T E S GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED K I N G D O M 5. C O R P O R A T E AAA BONDS EURO-DOLLAR B O N D S CHART 10. 14.22 13. 19 NOV. OCT. STOCK I N D I C E S UNITED S T A T E S U N I T E D KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 30 30 30 30 30 30 30 30 126. 44 116. 26 192. 78 95. 04 87. 09 75. 79 93. 58 151. 22 FEDERAL RESERVE statistical release H.10 (512) JANUARY 12, 1982 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING JANUARY 8, 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 following noon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT JAN. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 112.9000 6.39795 2.62055 84.2744 13.6612 23.1374 17.5871 44.6170 11.0254 158.2500 0.08358 0.45714 44.6030 3.8052 40.6669 82.7000 17.2711 1.5385 105.0800 1.0412 4.9493 18.1291 55.8192 192.6000 4 JAN. 5 (RATE U.S. CENTS) JAN. 6 112.7700 6.32111 2.59605 84.0689 13.5777 23.0627 17.4246 44.2184 10.9890 156.8500 0.08295 0.45517 44.5038 3.8023 40.3063 82.4600 17.2058 1.5314 104.4400 1.0281 4.9493 17.9921 55.2181 191.2000 112.7500 6.31313 2.60892 84.2957 13.6333 23.0415 17.5300 44.5236 10.9769 157.6000 0.08313 0.45537 44.6130 3.7994 40.5433 82.4000 17.2786 1.5291 104.7500 1.0355 4.9493 18.0995 55.2334 192.5300 JAN. 7 112.3700 6.30517 2.59875 84.2035 13.5455 22.9200 17.4246 44.2224 10.9290 15b.1500 0.08258 0.45045 44.6130 3.7980 40.3063 82.3000 17.1674 1.5198 104.1300 1.0253 4.9493 17.9759 54.6896 192.0000 JAN. 8 112.4000 6.31313 2.59067 84.2957 13.5410 22.9305 17.4216 44.2772 10.9409 156.5000 0.08264 0.45167 44.6130 3.7864 40.3470 82.2800 17.1674 1.5232 104.3500 1.0259 4.9493 18.0018 54.7345 192.0000
@FedFRASER