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(516/517) OMA f * L t UCSMit ™ » s s s " Selected Interest & Exchange Rates Weekly Series of Charts January 25, 1 9 8 2 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 SUBSCRIPTION RATES: TABLES 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 1. LATEST F I G U R E S PLOTTED 2. DAILY C E R T I F I E D SPOT EXCHANGE R A T E S H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH F O R W A R D EXCHANGE RATES 3. GOLD P R I C E - L O N D O N 4. CALL MONEY R A T E S 5. 3-MONTH INTEREST R A T E S 6. EURO-DOLLAR DEPOSIT R A T E S 7. SELECTED EURO-DOLLAR AND U.S. MONEY M A R K E T R A T E S 8. INTEREST A R B I T R A G E : 3-MONTH FUNDS 9. LONG-TERM G O V E R N M E N T BOND YIELDS 10. INDUSTRIAL STOCK INDICES < 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 CALE 1973=100 RATIO SCALE MARCH 19773=10.0 120 U.K. POUND 100 - /v 80 X — - - ' FOREIGN CURRENCY PRICE OF U.S. DOLLAR 60 l L 180 160 JAPANESE YEN 140 120 Y>AV 100 GERMAN MARK 80 240 200 FRENCH FRANC , , :| SWISS FRANC i DUTCH GUILDER I I 160 V n l n l i i l i i 120 160 BELGIAN FRANC 140 120 100 100 ITALIAN LIRA 80 60 CANADIAN DOLLAR 4° 1980 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PEL :ENT PER ANNUM PERCENT PER AL 6 ITALIAN LIRA — + 0 CANADIAN DOLLAR 6 I I I V A/- z 6 + 0 U. K. POUND 6 DUTCH GUILDER 12 12 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. DOLLARS PER FINE OUI U.S. DO RS PER FINE OUNCE E 800 750 700 650 600 550 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 400 350 300 250 20C 150 I I I I I I I I I I I I I I I I I I I I I M 10C 1979 1980 1981 1982 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANN T 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 GERMANY FRANCE 16 12 8 JAPAN EURO-DM 4 0 1980 1982 1980 1982 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANI ' PER ANNUM 20 U . S . CD'S 16 12 UK. 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 4 1980 1982 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY p A # & p# AwW! PERCE N-T PER ANNUM " 24 24 OVERNIGHT 3-MONTH 7-DAY 6-MONTH ! 111 i 11 i I i i J i l L L i i i l i I / 1-MONTH seer 1980 0861 1982 seer 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 22 — - „ FEDERAL FUNDS 1 i\ — v r w i[\ I |1 14 \ 'if . 22 - 18 M \f vX 14 - A fii 7 10 m J I V H 90-DAY CD S if i i i | - - %ktJ 6 - i 11 18 E U R O - D O L L A R DEPOSITS OVERNIGHT E U R O - D O L L A R DEPOSITS 1 1 1 1 1 1 I I 1 11 1 1 1 I I 1I I 1I I 1I I DIFFERENTIAL DIFFERENTIAL 11111111111 1 1 11 11 11 1980 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1982 1980 M I I I I I I I I I 1982 10 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 4 2 4 DIFFERENTIAL DIFFERENTIAL 2 2 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 20 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 4 2 DIFFERENTIAL 2 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 AN :NT PER ANNUM 19 U. S. CORPORATE UNITED STATES 15 Aaa BONDS — - 11 19 MONTHLY / \ — 15 - s - S ' * - — 11 E U R O - D O L L A R BONDS I Illllllllll 7 I " I 9 15 UNITED KINGDOM — SWITZERLAND — 5 11 Illllllllll 7 13 7 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= RATIO < :ALE 180 160 140 120 100 JAPAN UNITED STATES 80 140 120 SWITZERLAND - - 100 UNITED KINGDOM 11111111m 80 140 FRANCE GERMANY 120 Hn, 100 v\ A A A - . 80 - ill 140 120 100 CANADA NETHERLANDS 80 60 1980 1982 1980 1982 SERIES CHART 1 . LAST VALUE PLOTTED DATE VALUE NAME SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC I T A L I A N LIRA INDICES, MARCH 1 9 7 3 BASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES P L U S SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 3-MONTH FORWARD EXCHANGE R A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA 20 20 20 20 20 20 20 20 20 43.41 0.44470 39.63 187.88 83.71 17.09 53.96 2.55286 0.08108 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 20 20 20 20 20 20 20 20 20 116.44 113.78 75.99 83.44 76.99 173.58 100.60 46.06 100 GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 . JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. MAR 1 9 7 3 = 122.11 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 20 20 20 20 20 20 20 20 20 20 20 107.32 135.72 126.20 121.84 78.53 87.35 79.49 186.74 106.69 46.09 82.54 PREMIUM OR DISCOUNT JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 20 20 20 20 20 20 20 20 -0.88 -0.61 4.03 -1.83 5.68 3.58 7.71 -7.62 SERIES CHART 3 . GOLD P R I C E U.S. CHART 4 . LAST VALUE PLOTTED DATE VALUE NAME I N LONDON, AFTERNOON F I X I N G DOLLARS P E E F I N E OUNCE EURO-DOLLAR D E P O S I T B A T E S : JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. DEC. JAN. 20 20 15 8 15 1 15 15 25 1 1 2 ., 9 6 12.88 14.63 1 1 .. 0 2 10.05 1 0 ., 2 2 6 .. 6 3 1 5 .. 3 8 1 0 ., 6 5 5 ., 6 3 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 20 20 20 20 20 20 20 13.50 10.49 6.59 14.92 15.33 8.70 12.08 JAN. JAN. JAN. JAN. JAN. JAN. 20 20 20 20 20 20 12.88 13.02 13.48 14.23 15.01 1 5 . 19 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 374.80 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK S T E R L I N G SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES P L U S SWITZERLAND) CHART 6 . 20 CALL MONEY RATES 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 EURO—SWISS FRANC CHART 5 . JAN. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET BATES 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 JAN. JAN. JAN. 20 20 20 1 2 . 88 12. 96 - 0 . 08 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL JAN. JAN. JAN. 20 20 20 14. 23 13. 50 0. 7 2 SERIES CHART 8 . INTEtiEST LAST VALUE PLOTTED DATE VALUE 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 FINANCE 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 . 14. 23 14,,70 - 0 . 47 JAN. JAN. JAN. 20 20 20 1 3 ., 0 3 1 4 ., 0 1 - 0 .,98 JAN. JAN. JAN. 20 20 20 1 4 ., 2 3 1 4 ., 6 2 - 0 . ,40 JAN. JAN. JAN. 20 20 20 14.23 14.51 - 0 .,28 JAN. JAN. DEC. NOV. JAN. NOV. DEC. JAN. 15 8 14.76 9.82 7.94 5.73 15.46 16.92 11.12 13.25 13 8 13 25 1 CORPORATE AAA BONDS EURO-DOLLAR 0. 20 20 20 LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM !. JAN. JAN. JAN. BONDS DEC. NOV. 14.23 12.96 STOCK I N D I C E S UNITED S T A T E S 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 87.09 75.79 93.58 151.22 *jlgsa& FEDERAL RESERVE statistical release FOB THE WEEK ENDING COUNTRY SONETABY UNIT PESO ARGENTINA DOLLAR •AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM CROZEIRO BRAZIL DOLLAR CANADA PESO CHILE YUAN CHINA, P . f i . PESO COLOMBIA KRONE DENBABK MARKKA FINLAND FRANC FRANCE D . MARK GERMANY DRACHMA GREECE DOLLAR HONG KONG RUPEE INDIA ROPIAH INDONESIA RIAL IRAN POUND •IRELAND SHEKEL ISRAEL LIRA ITALY YEN JAPAN DOLLAR MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR •NEW ZEALAND KRONE NORWAY SOL PERU PESO PHILIPPINES ESCUDO PORTUGAL DOLLAR SINGAPORE BAND •SOUTH AFRICA WON SOUTH KOREA PESETA SPAIN RUPEE S H I LANKA KRONA SWEDEN FRANC SWITZERLAND BAHT THAILAND • U N I T E D KINGDOM POUND BOLIVAR VENEZUELA • VALUE I N U . S . JANUARY 2 5 , FOREIGN EXCHANGE RATES H.10(512) CENTS JAN. 18 9600.00 111.40 16.180 39.120 132.22 1.1956 39.100 1.7868 59.400 7.5200 4.4375 5.8320 2.2975 59.450 5.887 9.140652.00 NA 154.25 16.060 1233.00 225.35 2.2670 26.465 2.517b 81.100 5.8680 516.25 8.2140 66.900 2.0680 103.25 705.55 99.230 20.205 5.6220 1.8490 23.050 188.35 4.2960 JANUARY 2 2 , 1982 f r t l R R E N C Y U N I T S PER DOLLAR) JAN. 20 J A N . 19 9600.00 111.42 16.050 39.030 132.22 1.1938 39.100 1.7796 59.400 7.4890 4.4075 5.8405 2.2948 58.650 5.8180 9.1400 652.00 NA 154.50 16.220 1228.50' 224.50 2.2560 26.480 2.5145 81.350 5.8625 516.25 8.2140 66.600 2.0590 103.45 706.85 98.200 20.205 5.6250 1.847023.050 189.40 4.2960 1982 9600.00 111.28 16.160 39.250 132.22 1.1946 39.100 , 1.7796 59.400 7.5225 4.4135 5.8730 2.3085 59.100 5.8250 9.1700 652.00 NA 153.00 16.370 1233.50 225.50 2.2645 26.500 2.5290 81.050 5.8700 516.25 8.2140 66.800 2.0695 103.45 706.85 98.870 20.205 5.6425 1.8605 23.050 188.32 4.2960 JAN. 21 9600.00 111.25 16.140 39.090 132.22 1.1910 39.100 1.7796 59.400 7.5125 4.4150 5.8500 2.2972 59.200 5.8200 9.1500 652.00 NA 153.00 16.370 1234.00 225.65 2.2680 2b.520 2.5200 81.070 5.8375 516.25 8.2140 66.850 2.0700 103.32 707.15 98.860 20.205 5.6360 1.8435 2 3 . 050 188.00 4.2960 JAN. 22 9950.00 110.90 16.140 39.250 132.22 1.1945 39.100 1.7796 59.700 7.5600 4.4165 5.8775 2.3085 59.700 5.8150 9.1800 641.00 NA 153.00 16.370 1238.00 227.40 2.2650 26.605 2.5290 80.950 5.8750 523.75 8.2140 66.800 2.0680 102.90 707.15 98.750 20.280 5.6500 1.8530 2 3 . 050 187.05 4.2960
@FedFRASER