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5 - H H - o (516/517) ^ W : MAY o i ^ Selected Interest & Exchange Rates Weekly Series of Charts % May 17, 1982 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 2 4 ^ 1932 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 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 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 S C A L E MARCH 1 9 7 3 = 1 0 0 120 U.K. POUND - 100 80 — - FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN GERMAN MARK SWISS FRANC FRENCH FRANC BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA CANADIAN DOLLAR % 1980 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER AL 6 ITALIAN LIRA - Y + 0 CANADIAN DOLLAR 6 "V — / V , / L - iilii h i l i i 6 + 0 U. K. POUND 6 DUTCH GUILDER 12 12 SWISS FRANC GERMAN MARK 6 + 0 12 6 "VaaaJ + 0 6 FRENCH FRANC 12 1980 r I 1982 V JAPANESE YEN - - 1 1 1 11 i i i ! 1 1 1 M 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY .LARS PER FINE OUNCE U.S. D O L L A R S PER FINE OUNCE 800 750 700 650 600 550 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 400 350 300 250 200 150 I I I I I I I I I I 1979 1980 1981 I I I I I I I 1982 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM CENT PER ANNUM 28 24 U. S. FEDERAL FUNDS - u . K. 2-DAY LOCAL AUTHORITY ah " 20 16 ^ - A-J 12 INN CANADA EURO-SWISS FRANC NETHERLANDS GERMANY FRANCE JAPAN 1980 EURO-DM 1982 1980 1982 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER Ah U.S. 20 CD'S 16 12 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING 8 4 20 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 16 12 8 4 0 12 JAPANESE BANK LOANS AND DISCOUNTS 8 4 SWISS INTERBANK RATE 0 1980 1982 1980 1982 CHART 6 EURO-DOLLAR DEPOSIT RATES LONOON AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER AL 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 PER ^T PER ANNUM PERCENT PER ANNUM 26 26 3-MONTH 22 EURO-DOLLAR DEPOSITS FEDERAL FUNDS 18 14 10 9 0 - D A Y CD S OVERNIGHT E U R O - D O L L A R DEPOSITS 6 I I I I I I ! I I I 3 2 1 + 0 1 DEFERENTIAL 2 DF-FEPENTIAL 3 4 I I I I I I I I 1980 P E R C E N T ON D I F F E R E N T I A L SCALE = 2 P E R C E N T ON R A T E S C A L E 1982 1960 I 1962 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 INTERBANK STERLING COVERED LONDON S. COMMERCIAL PAPER 2 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 2 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 20 12 EURO-DOLLAR DEPOSITS DASHED LINE EURO-DOLLAR DEPOSITS DASHED LINE 4 2 DIFFERENTIAL 2 DIFFERENTIAL + 0 2 1980 1982 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 15 U. S. CORPORATE UNITED STATES - Ma 19 MONTHLY A## BONDS - - 11 11 - I I EURO-DOLLAR BONDS I 15 9 UNITED KINGDOM A 11 15 — XAA\J HK- V SWITZERLAND - 5 MlMh.lM 1 - ~ 7 13 — - MONTHLY JAPAN GERMANY 18 18 CANADA . i FRANCE - - 14 14 10 10 - NETHERLANDS '# I I 1980 I 1982 1980 1982 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERES RATIO 1969= 180 160 140 120 100 JAPAN UNITED STATES 80 140 SWITZERLAND 120 100 UNITED KINGDOM lull! 80 140 FRANCE GERMANY 120 Xx 100 v vx A yVA . AAX r 80 I I I 140 120 100 CANADA NETHERLANDS 80 60 1980 1982 1980 1982 L A S T V A L O E PLOTTED DATE VALUE SERIES N A M E ART 1. SPOT E X C H A N G E R A T E S AND INDICES WEEKLY A V E R A G E S , NOON BUYING RATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC ITALIAN LIRA MAY MAY MAY MAY MAY MAY MAY MAY MAY 12 12 12 12 12 12 12 12 12 43.67 0.42866 39.26 183.06 81.41 16.74 52. f 9 2.31026 0.07856 MAY MAY MAY MAY MAY MAY MAY MAY MAY 12 12 12 12 12 12 12 12 12 122.64 112.24 112.71 74.04 81.14 75.42 168.55 91.04 44.63 12 12 12 12 12 12 12 12 12 12 12 109.92 139.81 123.69 123.06 77.91 86.50 79.33 184.72 97.97 45.45 82.60 12 12 12 12 12 12 12 12 -0.88 1.,60 5. 91 -7.36 10.90 5..95 7.,56 - 9 . 43 INDICES, MARCH 1973 BASE R A T E S = 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA WEIGHTED A V E R A G E E X C H A N G E VALUE INDICES, MAR 1973 = 100 (G-10 C O U N T R I E S PLUS SWITZERLAND) U.S. DOLLAR G E R M A N MARK JAPANESE YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH F R A N C SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY ^:Hi&T 2. 3-MONTH F O R W A R D E X C H A N G E RATES, PREMIUM OR DISCOUNT C A N A D I A N DOLLAR U.K. POUND G E R M A N MARK FRENCH F R A N C SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA MAY MAY MAY MAY MAY MAY MAY MAY L A S T VALUE PLOTTED VALUE DATE SERIES N A M E 3. GOLD PRICE IN L O N D O N , A F T E R N O O N FIXING U.S. D O L L A R S PER FINE OUNCE e MAY 12 332.40 MAY MAY MAY MAY MAY APRIL MAY MAY JAN. APRIL 1' 12 7 7 7 30 7 7 1 30 14.97 15.20 12.50 13.55 9.00 8.98 7.06 16.50 10.30 3.08 4. CALL MONEY R A T E S U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2 - D A Y LOCAL A U T H O R I T Y D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC MAY MAY MAY MAY MAY MAY MAY 12 12 12 12 12 12 12 13.82 9.13 7.16 15.31 13.10 3.70 11.07 MAY MAY MAY MAY MAY MAY 12 12 12 12 12 12 15.20 14.97 14.73 14.43 14.33 14.13 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. F E D E R A L F U N D S D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S MAY 12 MAY 12 MAY 12 15.20 14.97 0.23 3 - M O N T H E U R O - D O L L A R D E P O S I T RATE U.S. 90-DAY C D ' S , SECONDARY M A R K E T DIFFERENTIAL MAY 12 MAY 12 MAY 12 14.43 13.82 0.61 U . S . 9 0 - D A Y C D ' S , SECONDARY M A R K E T G E R M A N I N T E R B A N K LOAN J A P A N E S E BANK L O A N S & D I S C O U N T S C A N A D I A N F I N A N C E PAPER INTERBANK STERLING SWISS I N T E R B A N K LOAN W E I G H T E D A V E R A G E FOREIGN I N T E R E S T R A T E (G-10 C O U N T R I E S P L O S S W I T Z E R L A N D ) C H A R T 6. E U R O - D O L L A R D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR SELECTED EURO-DOLLAR # e e 5. 3 - M O N T H I N T E R E S T R A T E S CHART 7 . | AND U.S. MONEY M A R K E T B A T E S e SERIES N A M E L A S T V A L U E PLOTTED DATE VALUE CHART 8 . I N T E R E S T A R B I T R A G E , 3 - M C N T H F U N D S EURO-DOLLAR DEPOSIT I N T E R B A N K S T E R L I N G (LONDON), C O V E R E D DIFFERENTIAL MAY 12 MAY 12 MAY 12 14. 43 14.,75 -0.,32 U.S. C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL MAY 12 MAY 12 MAY 12 13. 51 14.,39 -0.,88 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL MAY 12 MAY 12 MAY 12 14.43 15.,17 -0., 75 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL MAY 12 MAY 12 MAY 12 14..43 14..70 -0..27 7 MAY A P R I L 23 MARCH A P R I L 23 7 MAY MARCH 19 1 JAN. 7 MAY 13. 73 8.,82 7.,56 5.,05 14.,75 16..33 11.,12 12.,41 APRIL MARCH 14.46 12.96 CHART 9 . LONG TERM G O V E R M E N T BOND Y I E L D S UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. C O R P O R A T E AAA B O N D S EURO-DOLLAR CHART 10. BONDS STOCK I N D I C E S UNITED S T A T E S UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN MAY MAY MAY MAY MAY MAY MAY MAY 5 5 5 5 5 5 5 5 120.96 126.50 151.19 100.43 85.32 87.20 110.89 146.27 FEDERAL RESERVE statistical release H.10(512) MAY 14, 1982 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING tlAI 14, 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 CHINA, P.R. COLOMBIA DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA INDONESIA IRAN •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW ZEALAND NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND THAILAND •UNITED 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 • VALUE IN U.S. CENTS MAY 10 CURRENCY UNITS PER DOLLAR) MAY 12 MAY 11 14050.00 106.60 16.110 43.240 155.61 1.2254 39.850 1.7986 14050.00 106.63 16.050 43.140 155.61 1.2323 39.850 1.7986 7.7500 4.4610 5.9590 2.2860 62.150 5.7710 9.2200 653.50 NA 151.30 7.7500 4.4645 5.9590 62.200 20.810 1272.00 233.30 2.2820 46.6500 2.5455 77.700 5.9200 618.80 8.4050 69.900 2.0810 95.10 721.95 102.050 20.450 5.7350 1.8985 23.000 183.60 4.2995 62.200 2.2820 62.050 5.7650 9.2200 653.50 NA 151.50 20.880 1268.00 232.85 2.2860 46.6800 2.5400 77.550 5.9125 618.80 8.4050 70.050 2.0830 95.05 721.95 101.730 20.450 5.7350 1.9110 23.000 183.30 4.2995 14050.00 106.50 16.060 MAY 13 14050.00 106.18 16.160 43.090 155.61 1.2396 39.850 1.7986 43.360 158.36 1.2388 39.850 1.7986 7.7280 4.4540 5.9550 2.2830 61.850 5.7570 9.2100 653.50 NA 151.75 7.7800 4.4750 5.9940 2.2930 62.350 5.7670 9.2600 653.50 NA 150.70 20.950 1276.00 235.20 2.2960 46.7700 2.5515 77.350 5.9400 62.200 20.860 1266.00 233.80 2.2820 46.7200 2.5385 77.650 5.9100 618.80 8.4050 69.600 2.0810 94.98 721.95 101.580 20.450 5.7300 1.9280 23.000 183.70 4.2995 62.200 618.80 8.4050 70.300 2.0930 94.25 721.95 102.190 20.450 5.7550 1.9380 23.000 182.40 4.2995 MAY 1ft 14150.00 106.16 16.320 43.560 158.36 1.2275 39.100 1.8130 62-500 7.8200 4.5030 6.0300 2.3065 62.870 5.7670 9.3000 654.00 NA 150.20 21.120 1284.00 235.25 2.3010 47.0500 2.5665 77.050 5.9400 625.50 8.4050 70.650 2.0940 94.08 723.95 102.980 20.150 5.7750 1.9460 23.000 182.35 4.2985
@FedFRASER