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5 -L N o (516/6T7) :S,.» • n [j D B ' ^ C'.UCfxGO Selected Interest & Exchange Rates Weekly Series of Charts : 3 January 18, 1982 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS F E D E R A L RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $ 1 5 . 0 0 per year or $ . 4 0 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same issue t o one address, $ 1 3 . 5 0 per year or $ . 3 5 each. Elsewhere, $ 2 0 . 0 0 per year or $ . 5 0 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 RATESH.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 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 0 120 - - UX. POUND 100 — 80 I - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I I I ,,l, MIMINI," I Mil I I I l l l l l I I JAPANESE YEN GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER BELGIAN FRANC ITALIAN LIRA - I CANADIAN DOLLAR — I iI I I I !I 1980 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+X OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PE ENT PER ANNUM PERCENT PER AL 6 — ITALIAN LIRA - - + 0 CANADIAN DOLLAR 6 I 6 + 0 L AAV I I I Vf - - U. K. POUND 6 DUTCH GUILDER 12 12 t i i ..I..I..In l . l M l M l , " SWISS FRANC GERMAN MARK 6 + 0 12 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 O L L AR S PER FINE OUNCE U.S. D O L L A R S PER FINE OUNCE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 1979 1980 1981 1982 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AL 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 GERMANY FRANCE 16 12 8 JAPAN 4 EURO-DM 0 1980 1982 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONOON AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER AN 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 4 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 11 iV }f i r 90-DAY CD S OVERNIGHT E U R O - D O L L A R DEPOSITS I 11 11 I I I I I I I 1,1, I 1 1 I 1, 2 w x / 1 \ a v V Z A N V Y V X A ^ 0 1 DIFFER ENTIAL DIFFERENTIAL 2 3 111 i l l 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 1982 1980 i l l 1 1 11111111111 1982 4 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L ' v S M , 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 - - A / 12 - Jl V/J — INTERBANK STERLING v y i\ /f y 12 u U. S. COMMERCIAL PAPER COVERED LONDON LL 4 2 DIFFERENTIAL - A 2 DIFFERENTIAL ^ ~ ! v ~ j V W v v ^ _LL 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 -LL DIFFERENTIAL DIFFERENTIAL A I A A «k vWWv/y \ AvxA A . A| I r I 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 ENT PER ANNUM PERCENT PER AL 19 U.S. UNITED STATES 15 CORPORATE Aaa BONDS - - 11 — t9 MONTHLY / \ — 15 - N/' - 11 E U R O - D O L L A R BONDS 7 7 15 — UNITED KINGDOM — SWITZERLAND — 11 5 TTT 7 13 9 — 1 13 MONTHLY JAPAN 9 9 GERMANY 5 5 22 22 18 18 CANADA FRANCE 14 14 10 10 NETHERLANDS 6 6 1980 1982 1980 1982 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO ! CALE 196 t80 160 140 120 100 JAPAN UNITED STATES 80 140 120 SWITZERLAND - - 100 UNITED KINGDOM I 80 I I I | | Minium 140 FRANCE 120 GERMANY - 100 - V / \ A - - Xw\ 80 I I I I I I I I I I I I I I ~i i i i i 140 120 - I 100 NETHERLANDS I \ f CAN ADA Vwv 80 60 1980 1982 1980 1982 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHAM 1. SPOT EXCHANGE RATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING RATES (U.S. GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA INDICES, MARCH 1 9 7 3 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , l G - 1 0 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 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JAN. J AN-. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 13 13 13 13 13 13 13 13 13 43.92 0.44880 40.08 189.36 84.10 17.30 54.18 2.58215 0.08202 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 13 13 13 13 13 13 13 13 13 123.56 117.51 115.06 76.59 83.82 77.95 174.32 101.75 46.60 13 13 13 13 13 13 13 13 13 13 13 1 0 6 . 27 136.38 126.40 122.28 78.54 87.05 79.90 186.07 107.10 46.28 82.57 BASE RATES = 1 0 0 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 . CENTS) MAR 1 9 7 3 = 1 0 0 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. PREMIUM OH DISCOUNT JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 13 13 13 13 13 13 13 13 -1. -1. 3. -2. 5. 3. 7. -8. 46 24 53 70 16 12 40 13 LAST VALUE PLOTTED DATE VALUE S E R I E S SAME CHART 3 . GOLD P R I C E IN LONDON, AFTERNOON FIXING U.S. CHART 4 . DOLLARS PER F I N E OUNCE JAN. 12. 13. 14. 17. 10. 10. 6. 15. 10. 5. 98 00 50 50 00 22 44 25 65 63 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 6 13 13 13 13 13 13 12. 10. 6. 15. 15. 8. 12. 94 48 50 18 46 67 11 JAN. JAN. JAN. JAN. JAN. JAN. 6 13 13 13 13 13 13. 12. 13. 13. 14. 14. 00 80 27 85 58 75 EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . JAN. 6 JAN. 6 JAN. 8 DEC. 11 JAN. 8 JAN. 1 JAN. 3 JAN. 8 DEC. 2 5 JAN. 1 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 390.80 CALL 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-SWISS FRANC CHART 5 . 13 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JAN. JAN. JAN. 6 6 6 1 3 . 00 1 2 . 96 0. 02 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL JAN. JAN. JAN. 13 6 6 1 3 . 85 1 2 . 94 0. 61 LAST VALUE PLOTT DATE VALUE S E R I E S NAME CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAN. JAN. JAN. 13 13 13 1 3 . 85 1 4 . 17 - 0 . 32 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, DIFFERENTIAL JAN. JAN. JAN. 6 13 6 1 2 . 60 1 3 . 66 - 0 . 96 JAN. JAN. JAN. 13 13 13 1 3 . 85 1 4 . 10 - 0 . 25 JAN. JAN. JAN. 13 13 13 1 3 . 85 1 3 . 94 - 0 . 09 8 JAN. 1 JAN. NOV. NOV. 1 3 DEC. 11 NOV. 1 3 DEC. 2 5 1 JAN. 1 4 ., 4 7 9 ., 7 9 8 ,, 2 2 5 ., 7 3 1 4 ., 8 3 1 6 ., 9 2 1 1 . , 12 1 3 ., 2 5 DEC. NOV. 14.23 12.96 COVERED EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), DIFFERENTIAL COVERED EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 1 0 . • 1 STOCK I N D I C E S UNITED STATES UNITED 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 37.09 75.79 93.58 151.22 •'of FEDERAL RESERVE statistical release H l0(512) .% FOREIGN EXCHANGE RATES FOB THE WEEK ENDING JANUABY 1 5 , JANUABY 18, 198; 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 MONETARY UNIT JAN. AUSTBALIA 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 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 111 . 9 5 0 0 6.27648 ' 2.57467 84.0549 13.4454 22.8258 17.2443 43.7828 10.9051 154.7500 0.08193 0.44783 44.5832 3.7908 39.9680 81.7500 17.1380 1.5175 103.7400 1.0208 4.9493 17.8731 53.9084 188.7000 11 JAN. 12 (RATE U . S . CENTS JAN. 13 111.9000 6.23830 2.57268 83.9490 13.3914 22.6809 17.2384 43.7254 10.9051 153.5000 0.08163 0.44833 44.4840 3.7893 39.9122 81.6000 17.0503 1.5026 103.4700 1.0127 4.9493 17.7936 53.8213 187.3000 111.7000 6.25782 2.57400 83.9772 13-3851 22.7118 17.1585 43.6110 10.8932 154.2500 0.08133 0.44573 44.4840 3.7872 39.8565 81.5200 17.0619 1.5060 103.4700 1.0181 4.9493 17.7920 53.7634 186.8000 JAN. 14 111.4000 6.10579 2.55493 83.7451 13.2547 22.6219 17.0867 43.3651 10.9051 154.0000 0.08097 0.44543 44.3853 3.7857 39.6353 81.0500 16.9924 1.4970 103.1500 1.0076 4 . 9 4 93 17.7148 53.9229 186.3500 JAN. 15 111.4000 6.21118 2.54323 83.7101 13.2363 22.6449 17.0445 43.2526 10.9290 153.7500 0.08086 0.44543 44.3557 3.7764 39.5023 82.2000 17.0387 1.5186 103.2500 1.0091 4.9493 ' 17.7148 53.8793 187.0000
@FedFRASER