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tiKTA S-H-iO F\U t l B 6 A « Y MAY 1 7 W82 sfcgSSS' Selected Interest & Exchange Rates Weekly Series of Charts May 10, 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 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, 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 RATES-H.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 $ 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 RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 MARCH 1 9 7 3 = 1 0 0 120 120 U.K. POUND 100 100 - - • V - 80 # V — - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I II I l l l l l l l l l l 60 — i i ^ : |,, i 80 60 180 160 JAPANESE YEN .ry X Z , GERMAN MARK " i l l > - x^V : | || I l l l l l l l l l l SWISS FRANC FRENCH FRANC BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA CANADIAN DOLLAR 1980 1982 1980 1982 140 120 100 80 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANK NT PER A N N U M — 6 ITALIAN LIRA - - + 0 CANADIAN DOLLAR i 6 r i 6 + 0 U. K. POUND 6 DUTCH GUILDER 12 12 SWISS FRANC GERMAN MARK 6 + 0 12 I 6 - + 0 JAPANESE YEN FRENCH FRANC 6 - I 12 1980 1982 I 1980 I I I I II I I I I I I 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D O L L A R 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 450 A F T E R N O O N FIXING PRICE 450 400 400 350 350 300 300 250 250 200 200 150 150 i 100 1979 1980 i I i i I i i I i i 1981 I i i I i i 1982 _l_i 100 CHART 4 CALL MONEY RATES WEEKLY SERIES P E R C E N T PER A N N U M PERCENT PER ANNUM 28 2 8 - U. S. FEDERAL FUNDS u. - K. 2-DAY LOCAL AUTHORITY /V. A S K I I I 4 EURO-DM 1980 16 i i h i l i i l i ! GERMANY 1982 ~ 8 NETHERLANDS 1980 2 0 - EURO-SWISS FRANC JAPAN - 12 CANADA FRANCE 2 4 - - I - 1982 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANN r PER ANNUM 20 20 U.S. CD'S 16 16 12 12 U.K. INTERBANK STERLING WEIGHTED AVERAGE FOREIGN RATE 8 8 4 4 20 26 GERMAN INTERBANK RATE CANADIAN FINANCE CO- PAPER 16 22 12 18 8 14 4 10 0 6 12 16 JAPANESE BANK LOANS AND DISCOUNTS - - 8 12 - 4 SWISS INTEFtBANK RATE 8 4 \ A I I I I I 1980 I I II I I I II I II IN 1982 1980 lllh; 1982 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AL ENT PER A N N U M 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 P E R C E N T PER ANNUM P E R C E N T PER A N N U M 26 26 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS 90-DAY CD S OVERNIGHT EURO-DOLLAR DEPOSITS !1 II M l II I I I I I I + 0 - - OFFER ENTIAL DIFFERENTIAL 1 2 3 II 1982 1980 1 P E R C E N T ON D I F F E R E N T I A L SCALE = 2 II P E R C E N T ON RATE S C A L E II I I I I I 1980 I I I I I I I I I I I I I I I I I I I I I I I 1982 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 EURO-DOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 20 - 20 12 - 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON DIFFERENTIAL DIFFERENTIAL — — 1 /yW/ 2 4 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 20 12 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE D A S H E D LINE DIFFERENTIAL DIFFERENTIAL - - — 2 1980 1 P E R C E N T ON D I F F E R E N T I A L 1982 SCALE = 2 P E R C E N T ON R A T E SCALE A,A —A A 1980 k K /JI A»J| A L " . AJ *V~\ 1982 W CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 19 U.S. CORPORATE MONTHLY Aam BONDS UNITED STATES 15 11 EURO-DOLLAR BONDS I I I I ill I I I I I Iilli i 9 — UNITED KINGDOM SWITZERLAND — — - - I 111 I I I I I I I I I I I ! I I I 11111111111 MONTHLY JAPAN GERMANY FRANCE CANADA NETHERLANDS 1 1 1 l l l i 111 1980 1982 1980 1982 5 1 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969 = RATIO 5 :ALE 180 160 140 120 100 JAPAN UNITED STATES 80 140 SWITZERLAND 120 „ 100 UNITED KINGDOM 80 I I I 140 FRANCE GERMANY 120 100 T1 \J\ A . A T V rr 80 1 1 1 140 120 100 CANADA NETHERLANDS 80 60 1980 1982 1980 1982 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES MEEKLY 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 MAY MAY MAY MAY MAY MAY MAY MAY MAY 5 5 5 5 5 5 5 5 5 42.83 0.42374 38.57 180.03 81.75 16.43 51.25 2.27059 0.07712 MAY MAY MAY MAY MAY MAY MAY MAY MAY 5 5 5 5 5 5 5 5 5 120.48 110.95 110.74 72.82 81.48 74.05 164.87 89.47 43.81 5 5 5 5 5 5 5 5 5 5 5 111.59 138.55 123.74 122-31 77.50 88.01 78.76 182.79 97.41 45.13 82.63 5 5 5 5 5 5 5 5 -0.68 1.59 6.26 -7.70 10.86 6.40 8.07 -9.75 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPA1BSE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA jBL ¥ JCiJRAUrjj J j A v u o — 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 MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY 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 MAY MAY MAY MAY MAY MAY MAY MAY SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE MAY 347.54 5 CHART 4. CALL MONEY RATES MAY MAY APRIL APRIL APRIL APRIL APRIL APRIL JAN. APRIL 5 5 30 9 30 23 30 30 1 23 15.53 15.65 12.75 15.21 9.55 9.03 7.13 16.75 10.30 1.52 MAY MAY MAY MAY MAY MAY MAY 5 5 5 5 5 5 5 14.31 9.21 7.13 15.33 13.61 4.32 11.23 MAY MAY MAY MAY MAY MAY 5 5 5 5 5 5 15.65 15.34 15.10 14.91 14.86 14.64 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MAY MAY MAY 5 5 5 15.65 15.53 0.13 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL MAY MAY MAY 5 5 5 14.91 14.31 0.60 U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS O.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 RATE (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 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MAY MAY MAY 5 5 5 14.91 15.25 -0.34 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MAY MAY MAY 5 5 5 13.90 14.62 -0.72 E U R O D O L L A R DEPOSIT INTERBANK DM (FRANKFURT) , COVERED DIFFERENTIAL MAY MAY MAY 5 5 5 14.91 15.62 -0.71 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL MAY MAY MAY 5 5 5 14.91 15.30 -0.39 APRIL APRIL MARCH APRIL APRIL MARCH JAN. APRIL 30 23 13. 78 8. 82 7. 56 5. 05 15. 21 16. 33 11. 12 12. 68 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 23 9 19 1 23 U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. APRIL MARCH 14.46 12.96 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 28 28 28 28 28 28 28 28 120.46 126.48 155.11 101.26 86.36 88.64 108.98 144.94 EDERAL RESERVE statistical release EAT 10, 1982 FOREIGN EXCHANGE RATES H. 1 0 ( 5 1 2 ) FOR T H E REEK ENDIHG EAT [[ 7 # 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: COUNTRT ARGENTINA •AUSTRALIA AUSTRIA BELGIOB BRAZIL CANADA CHILE C H I N A , P.R. COLOBBIA DENBARK FINLAND FRANCE GERBANT GREECE HONG KONG INDIA INDONESIA IRAN •IRELAND ISRAEL ITALT JAPAN BALATSIA BEXICO NETHERLANDS •NEW Z E A L A N D NORWAT PERU PHILIPPINES PORTUGAL SINGAPORE • S O U T H AFRICA SOUTH KOREA SPAIN SRI L A N K A SWEDEN SWITZERLAND THAILAND • U N I T E D KINGDOM VENEZUELA MONETARY UNIT PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO TUAN PESO KRONE BARKKA FRANC D. BARK DRACHHA DOLLAR RUPEE RUPIAH RIAL POUND SHEKEL LIRA TEN 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 BAT 3 12000.00 106-13 16.370 44.020 155.61 1.2245 39.850 1.8222 62.200 7.8975 4.5150 6.0750 2.3385 62.400 5.8160 9.3200 653.50 NA 147.75 20.600 1294.00 236.60 2.3045 46.6000 2.5925 77.050 5.9900 609.25 8.3830 70.600 2.1010 95.75 721.95 103.340 20.700 5.8000 1.9440 23.000 181.35 4.3030 (C9RBE9CI OK? EAT 12000.00 105.95 16.490 44.130 155.61 1.2268 39.850 1.8222 62.200 7.9450 4.5350 6.0930 2.3453 63.130 5.8170 9.3000 653.50 NA 147.60 20.680 1298.00 237.55 2.3080 46.5600 2.6025 76.850 6.0150 609.25 8.3830 71.000 2.1040 95.02 721.95 103.980 20.700 5.8280 1.9575 23.000 179.45 4.3030 S PER DOLLAR BAT 14050.00 106.14 16.370 43.740 155.61 1.2231 39.850 1.8222 62.200 7.8950 4.5175 6.0540 2.3210 62.900 5.8100 9.3100 653.50 NA 149.10 20.690 1288.50 234.10 2.3000 46.6500 2.5820 77.100 5.9950 609.25 8.3830 70.800 2.0970 94.95 721.95 103.410 20.700 5.7950 1.9385 23.000 180.50 4.3030 BAT 14050.00 106.60 BAT 7 14050.00 106-80 16.270 43.600 155.61 1.2213 39.850 1.8131 16.140 43.360 155.61 1.2231 39.850 1.7986 7.8250 4.4915 7.7750 4.4730 5.9750 2.2897 62.200 6.0280 2.3095 62.200 5.7850 9.2600 653.50 HA 149.70 20.680 1284.00 233.55 2.2900 46.6500 2.5650 77.450 5.9575 609.25 8.3830 70.250 2.0875 95.21 721.95 102.970 20.700 5.7600 1.9185 23.000 182.10 4.3000 62.200 62.100 5.7630 9.2500 653.50 NA 150.60 20.730 1275.00 232.92 2.2790 46.9500 2.5465 77.600 5.9300 618.80 8.4050 69.900 2.0800 95.20 721.95 102.300 20.450 5.7350 1.8880 23.000 182.62 4.2995
@FedFRASER