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jr~yy o |(516/517) fix-t U at :1 Selected Interest & Exchange Rates Weekly Series of Charts January 3, 1984 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 F I G U R E S PLOTTED Weekly $ 1 5 . 0 0 per year or $ . 4 0 each in the United States, its possessions, Canada, and Mexico; 10 or m o r e 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 $.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. D A I L Y C E R T I F I E D SPOT E X C H A N G E RATES-H.10 R E L E A S E CHARTS 1. SPOT E X C H A N G E R A T E INDICES 2. 3-MONTH F O R W A R D E X C H A N G E R A T E S 3. GOLD PRICE- L O N D O N 4. CALL M O N E Y R A T E S 5. 3-MONTH I N T E R E S T R A T E S 6. E U R O - D O L L A R DEPOSIT R A T E S 7. SELECTED E U R O - D O L L A R A N D U.S. M O N E Y M A R K E T R A T E S 8. I N T E R E S T A R B I T R A G E : 3-MONTH F U N D S 9. LONG-TERM G O V E R N M E N T B O N D Y I E L D S 10. I N D U S T R I A L STOCK INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S C A L E CALE M A R C H 1 9 77 3 = 1 0 0 1973=100 160 JAPANESE YEN FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 120 100 80 240 SWISS FRANC CANADIAN DOLLAR 200 /XVX/~ZVy v ' " / 160 ^ 120 180 160 GERMAN MARK - 140 DUTCH GUILDER 120 100 - 120 100 FRENCH FRANC U.K. POUND 80 60 50 45 80 70 BELGIAN FRANC V \ : ITALIAN LIRA - 60 50 40 " l 1981 1983 | | 1 1 1981 1 30 1983 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 —A A CANADIAN DOLLAR - — — ITALIAN LIRA DUTCH GUILDER U. K. POUND SWISS FRANC GERMAN MARK JAPANESE YEN FRENCH FRANC 1981 1983 1981 1983 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 800 750 700 650 600 12.5 Kg BARS 550 AFTERNOON FIXING PRICE 500 450 400 350 300 250 1980 1981 1982 1983 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANI JT PER ANNUM 28 FRANCE 24 U. S. FEDERAL FUNDS 20 16 12 JAPAN 8 4 24 CANADA 20 EURO-SWISS FRANC 16 12 8 NETHERLANDS 4 + 0 24 20 U. K. 2-DAY LOCAL AUTHORITY GERMANY I Jr- 16 EURO-DM 12 "X 8 i 4 1981 1983 i i I I 1981 I II II I II I II I 1983 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 22 24 U.S. CD'S CANADIAN FINANCE CO. PAPER WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING GERMAN INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 1981 1983 1981 1983 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNL PERC R PER ANNUM 24 20 16 12 3-MONTH OVERNIGHT 8 4 24 20 16 12 8 4 2A 1-MONTH 1981 1983 1981 1983 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: P L U S M , FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS DAY CD I I I I I I I I I 3 2 1 + 0 1 3 - i Hi IwV l/r 4 / V v V V W ^ r v b/x 2 ^\/\Vk J 1 + 0 - - DIFFERENTIAL 2 3 - 1 DIFFERENTIAL 2 I II 3 1 1 1 M 111111111 1981 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 1 11111II 111 1983 1 1 1 1 1 1981 1 I I I I I I I I I I I i i I i i I i i I i i 1983 4 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 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE COMMERCIAL PAPER INTERBANK STERLING COVERED LONDON I I I I ill I I I I H — r - — DIFFERENTIAL - DIFFERENTIAL - fyxWwv^ /v ^ m i M I " I i l l i i niiiiiiiii i SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS VVW DASHED LINE V/V ] EURO-DOLLAR DEPOSITS -VUX/,TX// w v V7 DASHED LINE DIFFERENTIAL DIFFERENTIAL - " A L i w i b i u w i f i 1981 11lllllll11 1983 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 . " l l l l l l l . 1981 . i i h i h i l n 1983 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PE ENT PER ANNUM PERCENT PER Al 19 — UNITED STATES CANADA 19 . J 15 w y | - 11 15 11 - - 7 I I I 7 15 9 — SWITZERLAND — 11 — 5 UNITED KINGDOM — 7 13 I I I 1 13 MONTHLY JAPAN 9 / \ 5 22 I U. S . CORPORATE X" I GERMANY v/X - 9 " I 5 22 MONTHLY 18 FRANCE 18 Aaa BONDS 14 14 / f ' EURO-DOLLAR BONDS 10 10 NETHERLANDS MONTHLY 6 6 1981 1983 1981 1983 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERES RATIO SCALE 1969=100 RATIO SCALE 1969=100 200 /A/L UNITED STATES JAPAN jj - , I I I | | | I I — 140 — 120 I 100 180 — 180 160 160 UNITED KINGDOM 140 If - 100 - I I I I I I 140 I — I I I I I 80 i l l 11 h i l l i I 170 — 150 - 130 - // y 110 SWITZERLAND - 130 110 - 90 - - I 70 150 - FRANCE I I I I I , , | I I | I I | I i !i i i i i i i i i i I I I I I 70 I 320 — 160 — 140 - — 100 - / - ' - 60 I I I II I I I I ! I i i h i i n i i i Fv* - - 80 1981 280 CANADA NETHERLANDS 120 120 100 I,, III I I II II I I 170 90 GERMANY - - 120 80 1983 d 160 - - Y i i 180 /v - i i i ! ! 1981 1 11111111111 V— 240 - 200 - 160 Nil! Illll 1 1983 120 L A S T VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 1. SPOT EXCHANGE B A T E S AND I N D I C E S WEEKLY A V E R A G E S , NOON BUYING B A T E S (U.S. CENTS) GERMAN BARK 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 ICES, MARCH 1 9 7 3 BASE RATES = iGHTED 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) 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 S W E D I S H KROUA # 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 G U I L D E R J A P A N E S E YEN ITALIAN LIRA 4 4 4 4 4 4 4 4 4 36.36 0.43022 32.38 143.62 80.25 11.90 45.39 1.78059 0.05987 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 4 4 4 4 4 4 4 4 4 102.28 112.64 92.94 58.09 79.98 53.60 146.04 70-16 34.01 4 4 4 4 4 4 4 4 4 4 4 132.78 134.17 146.70 117.40 70.24 99.98 63.99 185.74 87.10 39.82 67.75 4 4 4 4 4 4 4 4 0.29 0.71 4.01 -3.44 6.06 3.91 3.55 -6.72 100 GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA ART 2!, JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. MAR 1 9 7 3 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN.. JAN. JAN. PREMIUM OR D I S C O U N T JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. SERIES CHART 3. GOLD P R I C E U.S. CHART 4 . IN DOLLARS PER CALL LONDON, FINE AFTERNOON FIXING OUNCE 3-MONTH I N T E R E S T DEPOSITS EURO-DOLLAR DEPOSIT RATES: 380.22 JAN. JAN. DEC. DEC. DEC. JAN. DEC. DEC. JAN. JAN. 4 4 30 9 30 6 30 30 1 6 1 0 .,06 9. 98 9 ,, 13 9. 55 7 m 00 6 .,34 6 .,44 12. 88 1 0 .,30 4 ., 5 6 JAN. JAN. JAN. JAN. JAN. JAM. JAN. 4 4 4 4 4 4 4 9.64 6 . 14 6.25 9.82 9.33 3.81 8.50 JAN. JAN. JAN. JAN. JAN. JAN. 4 4 4 4 4 4 9.98 9.66 9.69 9.88 10.13 10.42 LONDON OVERNIGHT 7-DAY 1-MONTH 3—MONTH 6-MONTH 1-YEAR CHART 7 . 4 BATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E EANK LOANS 6 D I S C O U N T S CANADIAN F I N A N C E P A P E R 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 COUNTRIES PLUS SWITZERLAND) CHART 6 . JAN. MONET R A T E S U . S . FEDERAL FUNDS O V E R N I G H T EURO-DOLLAR U. K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5 . LAST VALUE PLOTTED DATE VALUE NAME SELECTED EURO-DOLLAR AND U . S . MONEY MARKET R A T E S 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 R E Q U I R E M E N T S JAN. JAN. JAN. 4 4 4 9.98 10.06 -0.08 3-MONTH EURO-DOLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDARY DIFFERENTIAL JAN. JAN. JAN. 4 4 4 9.88 9.64 0.24 RATE MARKET SERIES CHART 8 . INTEREST LAST VALUE PLOTTED DATE VA1UB NAME ARBITRAGE, J - M O N T H 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 (FRANKFURT) , 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 ., 8 8 1 0 ., 0 6 - 0 ,,18 JAN. JAN. JAN. 4 4 4 9 ., 4 7 1 0 . 12 - 0U65 JAN. JAN. JAN. 4 4 4 9. 88 10. 21 - 0 . 33 JAN. JAN. JAN. 4 4 4 9 ..88 9. 93 - 0 . 06 DEC. DEC. OCT. DEC. DEC. SEPT. AUG. DEC. 30 16 11.79 8.36 7.22 4.56 12.00 14.05 9.03 9.77 9 9 30 30 CORPORATE AAA BONDS EURO-DOLLAR CHART 4 4 4 LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) U N I T E D KINGDOM U.S. JAN. JAN. JAN. 10. STOCK BONDS 12.41 10.23 INDICES UNITED STATES U N I T E D KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN NOV, SEPT. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 28 28 28 28 28 28 28 28 172. 64 1 7 0 .,52 251. 82 1 5 1 .,21 1 2 8 ., 8 5 1 5 3 ., 3 7 156. 47 1 9 4 .,04 ' o? CQ% FEDERAL RESERVE statistical release # •fl. 1 0 ( 5 1 2 ) JABUABY FOREIGN EXCHANGE RATES FOB THE 1EEK BBDIBG DECEASES 3 0 , 5, 1984 1983 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: COUBTRY MOBETABI UNIT PESO ARGENTINA DOLLAB •AUSTRALIA SCHILLING A0STBIA FRANC BELGIUM CRUZEIRO BBAZIL DOLLAR CANADA PESO CBILE Y9AB CHINA, P, B. PESO COLOMBIA KRONE DEBBABK MABKKA FINLAND FRANC FBAHCE D, MASK GERMANY DSACHMA GBEECE DOLLAB HONG KONG BUPEE INDIA BUPIAH INDONESIA POUND •IRELAND SHEKEL ISBAEL LIRA ITALY YES JAPAN DOLLAR MALAYSIA PESO MEXICO GUILDER NETBEELANDS DOLLAB •NEB ZEALAND KBONB NOBBAY SOL PEBU PESO PHILIPPINES ESCUDO POBTOGAL DOLLAB ' SIBGAPOBE BAND •SOUTH AFBICA BOB SOUTH KOREA PESETA SPAIN BUPEE ' SRI LANKA KBOBA SWEDEN FBABC S8XTZERLAND DOLLAB TAIWAN BAHT THAILAND •UNITED KINGDOM POUND BOLIYAB ^ VENEZUELA BEMO: iUBITED STATES DOLLAR DEC. 26 H O L I D A Y CURRENCY OBITS PEB DOLLAB) DEC. 27 DEC. 28 19.85 90.00 19.465 56.230 955.00 1.2451 87.700 1.9939 88.460 9.9875 5.8660 8.4350 2.7558 99.450 7.7950 10.5700 *96.00 112.30 103.260 1673.50 233.80 2.3400 166.0000 3.0960 65.000 7.7725 2239.14 14.0500 132.700 2-1350 81.85 800.15 158.150 25.020 8.0700 2.1900 40.200 22.990 143.20 12.5000 133.07 19.85 89.88 19.402 56.170 971.00 1.2461 87.700 1.9939 88.480 9.9750 5.8610 8.4165 2.7515 99.300 7.7810 10.5200 996.00 112.80 103.260 1673.00 233.40 2.3395 168.0000 3.0950 65.100. 7.7550 2239.14 14.0500 133.450 2.1280 82.00 800.15 157.850 ' 25.020 8.0520 2.1890 40.200 22.990 143.60 12.7000 132,90 DEC. 2 9 19.85 89.65 19.247 55.750 984.00 1.2450 87.700 1.9859 88.480 9.8850 5.8280 8.3400 2.7285 99.000 7.7830 10.5100 996.00 113.40 105.120 1662.50 232.20 2.3385 170.5000 3.0665 65.270 7.7150 2239.14 14.0500 133.450 2.1265 82.00 800.15 157.730 25.020 8.0130 2.1840 40.200 22.990 144.75 12.7000 132,00 DEC. 3 0 19.85 89.65 19.190 55.710 984.00 1.2445 87.700 1.9859 88.870 9.8800 5.8180 8.3350 2.7250 98.950 7.7805 10.4900 996.00 113.65 108.310 1656.00 231.70 2.3350 169.0000 3.0620 65.450 7.7100 2276.83 14.0500 133.100 i 2.1220 81.80 800.15 156.800 25.020 8.0100 2.1790 40.200 23.040 145.15 12.7500 131,79 4INDEX o r WEIGHTED AVERAGE EXCHANGE VALUE Of U . S . DOLLAR AGAINST CORBE8CIES OP OTHER G - 1 0 CC0HTBIES PLCS SWITZERLAND. HABCH 1 9 7 3 = 1 0 0 . WEIGHTS IRE 1 9 7 2 - 7 6 GLOBAL MADE OP EACH OP THE 10 COUNTRIES. SERIES REVISED AS OF AUGflST 1 9 7 8 . FOR DESCRIPTION AND BACK DATA, SEE "INDEI OP THE WEIGHTED-AVERAGE EXCHANGE VALUE OP THE U . S . DOLLAR: .REVISION" ON PAGE 700 OF THE AOGUST 1 9 7 8 FEDERAL RESERVE BULLETIN. •VALUE I S U . S . CENTS
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