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(516/517) S- . V Selected Interest & Exchange Rates Weekly Series of Charts March 29, 1982 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 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 SUBSCRIPTION RATES: 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 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 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 120 [ U.K. POUND """ 100 — - — 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR - 60 — | || 180 — - JAPANESE YEN 140 - v V v C \ 160 V GERMAN MARK 120 100 w i i nil, i SWISS FRANC FRENCH FRANC I IIII 80 II II BELGIAN FRANC DUTCH GUILDER — ITALIAN LIRA ~ ^ 80 | 60 CANADIAN DOLLAR 40 1980 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANN <IT PER ANNUM 6 ITALIAN LIRA + V 0 CANADIAN DOLLAR 6 ~ v - - /A 11111111111 11111111111 6 + 0 U. K. ROUND 6 DUTCH GUILDER 12 SWISS FRANC GERMAN MARK 12 - 6 \J + 0 I I I I I ' - I , , I 12 6 + 0 6 JAPANESE YEN FRENCH FRANC 12 1980 1982 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. D LLARS 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 I 100 1979 1980 I 1981 I I I I I I I I I I I 1982 I I I I 100 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Af 28 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY _ 20 16 AT " 12 y v j V 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 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM IJ. S, CD 5 U.K. INTERBANK STERLING WEIGHTED AVERAGE FOREIGN RATE GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 1980 1982 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER '-NH T PER ANNUM 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 I I I ill I I 4 1980 1982 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 E U R O - D O L L A R DEPOSITS FEDERAL FUNDS - 18 14 10 T 90-DAY CD S OVERNIGHT E U R O - D O L L A R DEPOSITS 6 M i l l 3 2 1 A A V V — - DIFFER ENTIAL DIFFERENTIAL M I M M 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 RATE S C A L E 1982 l l 1980 I I I I I I I I I I--I II I I II ! I i I I i 1982 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 12 U. S. COMMERCIAL PAPER INTERBANK STERLING COVERED LONDON 4 2 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 2 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 20 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 4 2 2 DIFFERENTIAL DIFFERENTIAL + 0 ii 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 R A T E S C A L E CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANT T PER ANNUM 19 U. S. CORPORATE _ UNITED STATES 15 19 MONTHLY Aaa BONDS /\ c - 15 — 11 - Z- — — ' I 7 I Jw' I I I — EURO-DOLLAR BONDS I I I I II IIII I I I II 7 9 — 15 UNITED KINGDOM _ 11 SWITZERLAND — 5 11 — 1 7 13 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 RATIO :ALE 1969 = 180 160 140 120 100 JAPAN UNITED STATES 80 140 SWITZERLAND 120 100 UNITED KINGDOM 80 140 FRANCE GERMANY 120 Xx v\ A 100 . AvAX rJ ~ 80 140 120 100 CANADA NETHERLANDS 80 60 1980 1982 1980 1982 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 24 24 24 41.94 0.40988 38.02 180.26 81.96 16.07 52.72 2.22810 0.07648 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 24 24 24 117.98 107.32 109.14 72.91 81.69 72.44 169.62 87.80 43.45 24 24 24 24 24 24 24 24 24 24 24 113. 14 136. 90 120. 68 121. 83 78. 54 89. 30 77. 79 190. 34 96. 59 45. 26 82. 90 24 24 24 24 24 24 24 24 -1.09 1.52 5.85 -9.10 9.13 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GPILDEB U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 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 F O R W A R D 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 6.62 8.42 -10.56 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE MARCH 24 323.51 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH JAN. MARCH 24 24 19 5 19 12 19 19 1 12 14.48 14.52 13.63 15.55 9.50 9.33 6.56 17.00 10.30 2.60 MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 24 14. 23 9. 65 6. 50 15. 49 13. 54 5. 97 11. 36 MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 14.52 14.66 14.88 14.95 14.98 14.76 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MARCH 24 MARCH 24 MARCH 24 14. 52 14. 48 05 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL MARCH 24 MARCH 24 MARCH 24 14. 95 14. 23 72 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 INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST BATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 0. 0. SERIES NAME LAST VALOE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS 14.95 15.11 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MARCH 24 MARCH 24 MARCH 24 -0.16 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MARCH 24 MARCH 24 MARCH 24 13.79 14.35 -0.56 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MARCH 24 MARCH 24 MARCH 24 14.95 15.64 -0.69 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL MARCH 24 MARCH 24 MARCH 24 14.95 15.25 -0.30 MARCH MARCH FEB. MARCH MARCH FEB. JAN. MARCH 13.90 9.46 7.85 5.42 14.88 16.35 11.12 12.07 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 19 12 5 5 12 1 12 U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. 15.27 12.97 FEB. JAN. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 10 10 10 10 10 10 10 10 111.79 123.01 155.96 100.59 82.07 82.87 99.62 144.56 $ FEDERAL RESERVE statistical release MARCH FOREIGN EXCHANGE RATES H.10(512) FOB THE WEEK ENDING MARCH 26, 29, 1982 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 followinfgnoon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY ARGENTINA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE C H I N A , P.R. COLOMBIA DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA INDONESIA IRAN •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW Z E A L A N D NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND THAILAND • U N I T E D KINGDOM VENEZUELA MONETARY UNIT PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE RUPIAH RIAL POUND SHEKEL LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE SOL PESO ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC BAHT POUND BOLIVAR • V A L U E IN U . S . C E N T S BAR. 22 (CURRENCY UNITS PER DOLLAR) M A R . 24 M A R . 23 11050.00 105.50 16.790 45.200 146.01 1.2203 39.100 1.8518 11050.00 105.50 16.840 44.950 146.01 1.2207 39.100 1.8610 11050.00 105.70 16.710 44.850 146.01 1.2239 39.100 1.8517 8.0975 4.5860 6.2460 2.3910 8.1250 4.5980 6.2540 2.3850 62.300 5.8250 9.3100 649.00 NA 145.40 19.090 1307.50 244.90 2.3340 44.8500 2.6365 77.400 6.0450 565.40 8.3300 70.900 2.1260 96.18 716.95 105.630 20.700 5.8560 1.8960 23.050 180.20 4.3025 8.1400 4.5770 6.2050 2.3865 61.750 5.8130 9.3100 649.00 NA 145.70 19.090 1306.00 243.60 2.3310 44.8700 2.6430 77.500 6.0550 565.40 8.3300 70.650 2.1240 96.28 716.95 104.800 20.700 5.8650 1.8990 23.050 180.45 4.3025 61.200 62.000 5.8380 9.3100 649.00 NA 145.50 19.130 1311.00 245.30 2.3340 44.8300 2.6400 77.440 6.0500 565.40 8.3300 70.600 2.1280 96.13 716.25 105.320 20.700 5.8625 1.9055 23.050 179.78 4.3025 61.200 61.200 MAR. 25 11050.00 105.40 16.810 45.170 146.01 1.2266 39.100 1.8517 61.200 8.1550 4.5925 6.2450 2.3935 62.200 5.8170 9.3100 649.00 NA 145.10 19. 170 1315.50 245.35 2.3355 45.1700 2.6535 77.250 6.0770 565.40 8.3300 70.800 2.1290 96.00 716.95 105.520 20.700 5.8880 1.9065 23.050 179.55 4.3025 MAR. 26 11250.00 105.32 16.840 45.120 148.21 1.2282 39.100 1.8628 61.350 8.1575 4.6155 6.2625 2.3960 62.350 5.8260 9.3600 649.00 NA 144.75 19.100 1316.00 247.10 2.3360 45.6000 2.6540 77.050 6.0800 570.40 8.3600 71.300 2.1290 95.72 717.45 106.200 20.700 5.9050 1.9130 23.050 179.00 4.3000
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