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(516/517) Selected Interest Excharge Rates W s e k ly Series o f Charts March 14,1983 Prepared by the F IN A N C IA L M ARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FE D E R A L 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, Divi 2. D A IL Y C E R T IF IE D SPOT EXCHANGE R ATESH.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE--LONDON 4. C ALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO DOLLAR DEPOSIT RATES 7. SELECTED EURO D O LLAR AND U.S. M O NEY M A RK ET RATES 8. INTEREST ARB ITRA G E: 3-M ONTH FUNDS 9. LONG-TERM G O VER N M EN T BOND Y IE LD S 10. IN D U S T R IA L STOCK INDICES sion 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. 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 97 3 -1 0 0 180 160 140 120 100 1981 1983 1981 1983 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER C EN T PER ANNUM P ER C E N T PER ANNUM CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U .S . D U.S. DOLLARS PER F i ne HRS P E R F IN E O U N C E 800 8CC 750 750 700 700 650 650 600 6C0 550 550 500 500 450 450 400 400 350 350 300 300 1M 250 1980 1981 1982 11M 1111M 1983 I 250 CHART 4 CALL MONEY RATES W EE K LY SER IES ~ER 28 24 24 20 20 16 16 12 12 8 8 4 4 0 24 24 20 20 16 16 12 12 8 8 4 4 + 0 + 0 24 20 20 16 16 12 12 8 8 4 4 0 1981 1983 1981 1983 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 1981 1983 1981 1983 CHART 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER M 24 24 20 20 16 16 12 12 8 8 4 4 24 24 20 20 16 16 12 12 8 8 4 4 24 24 20 20 16 16 12 12 8 8 4 4 1981 1983 1981 1983 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS<+), FAVORS BORROWING IN U. S. AVERAGES FOP WEEK ENDING WEDNESDAY P ER C E N T PER ANNUM P E R C E N T PER A NN UM 26 22 18 14 10 6 3 2 1 +o 1 2 3 4 1981 1 P E R C EN T ON D IF F E R E N T IA L S C A L E = 2 PERCENT ON RATE SC ALE 1983 1981 1983 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER ANNUM P E R C E N T P ER A N N U M 28 28 20 12 DIFFERENTIAL 2 28 INTERBANK DM COVERED FRANKFURT 20 - 12 I I i I i i I I I II I I I I I I 11111111111 — DIFFERENTIAL l/W i i M i i^ I I i i 1981 i 11111111111 i i I i i I i j Lj i 1983 a PERCENT ON D IF F E R E N T IA L SC A LE = 2 PERCENT ON RATE SC A LE CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES P E R C E N T P ER MT P E R A N N U M 19 19 UNITED STATES 15 15 11 11 7 7 15 9 11 5 1 7 13 13 MONTHLY JAPAN 9 9 5 5 22 U. S. CORPORATE 22 m o n thly 18 18 Aaa BONDS - - 14 \V 10 6 ^ _ EURO-DOLLAR BONDS \ 10 - 1 1 1 . , 14 x sT y 1 1 1 1981 ,i l L u .1 u L i „i l.lllll llilL. 1983 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES R A T IO S C A L E R A T IO S C A L E 1969=100 1969=100 180 - 160 - 140 120 100 1981 1983 1981 1983 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES MEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMA N HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANAD IAN DOLLAR FRENCH FRANC SHISS FRANC BELGIAN FRANC ITALIAN LIRA MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 9 9 9 9 9 9 9 9 9 41.57 0.42220 37.55 150.85 81.68 14.62 48.70 2. 10603 0.07070 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 9 9 9 9 9 9 9 9 9 116.94 110.55 107.81 61.01 81.41 65.90 156.68 82.99 40. 16 9 9 9 9 9 9 9 9 9 9 9 119.68 142.23 131.55 125.79 67.83 93.41 73.45 183.99 95.08 44.00 67.64 9 9 9 9 9 9 9 9 -0.50 -2.09 4.08 -22.86 5.82 4.52 2.32 -14.64 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (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 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE MARCH 9 421.25 MARCH 9 9 MARCH MARCH 4 FEB. 25 4 MARCH 4 MARCH MARCH 4 MARCH 4 1 JAN. 4 MARCH 8.59 8.77 11. 13 10.86 5.85 5.45 6.88 12.88 10.30 10-67 MARCH MARCH MARCH MARCH MARCH MARCH MARCH 9 9 9 9 9 9 9 8.42 5.50 6.81 9.35 11. 19 3.22 8.52 MARCH MARCH MARCH MARCH MARCH MARCH 9 9 9 9 9 9 8.77 8.81 8.86 8.91 9.00 9. 13 CHART 4.. 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,. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INT E R B A N K LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MARCH MARCH MARCH 9 9 9 8.77 8.59 0. 19 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL MARCH MARCH MARCH 9 9 9 8.91 8.42 0.49 SEBIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MCNTH FUNDS EURO-DOLLAR DEPOSIT I N T E R B A N K STERLING (LONDON) , COVERED DIFFERENTIAL MARCH MARCH MARCH 9 9 9 8.91 9.04 -0. 13 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MARCH MARCH MARCH 9 9 9 8.27 8.83 -0.56 EURO-DOLLAR DEPOSIT I N TER BANK DM (FRANKFURT), COVERED DIFFERENTIAL MARCH MARCH MARCH 9 9 9 8.91 9.64 -0.72 EURO-DOLLAR DEPOSIT SHISS INTERBANK, COVERED DIFFERENTIAL MARCH MARCH MARCH 9 9 9 8.91 9.09 -0. 18 4 MARCH FEB. 25 JAN. FEB. 18 FEB. 25 JAN. 7 1 JAN. 4 MARCH 10.25 7.56 7.77 4.24 11.80 15.37 11. 12 10.27 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SHITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. JAN. JAN. 11.79 10.46 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SHITZERLAND NETHERLANDS FRANCE JAPAN MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 2 2 2 2 2 2 2 2 158.09 143.26 213.64 116.35 103.98 119.51 108.57 156.02
@FedFRASER