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( 5 1 6 / 51 7 ) Selected Interest JL Exchange Rates W eekly Series o f Charts May 23, 1983 Prepared by the F IN A N C IA L M A R K E T S S E C T IO N DIVISION O F INTERNATIO NAL FINANCE BOARD O F GOVERNORS F E D E R A L R E S E R V E SYSTEM Washington, D .C . 20551 Table o f Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $15.00 per year or $.40 each in the United 2. D A IL Y C E R T IF IE D SPOT EXCHANGE RATES-H.10 RELEASE States, its possessions, Canada, and Mexico; 10 or more of the same issue to one address, $13.50 per CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-M ONTH FORW ARD EXCHANGE RATES 3. GOLD PRICE--LONDON 4. C A LL M O NEY RATES 5. 3-M ONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MO NEY M A RK ET RATES a INTEREST ARB ITRA G E: 3-M ONTH FUNDS 9. LONG-TERM G O V ER N M EN T BOND Y IE LD S 10. IN D U S T R IA L STOCK INDICES year or $.35 each. Elsewhere, $20.00 per year or $.50 each. Address requests to Publications Services, Divi 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 O f FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY R A T IO S C A L E R A T IO S C A L E MARCH 1 9 7 3 = 1 0 0 MARCH 1 9 7 3 = 1 0 0 160 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 - 140 120 — 120 100 - 100 80 ^iV'- M i l l lilllM l L JjJ.L li JJ-l 1.L 80 120 240 100 'T V 200 SWISS FRANC — UK. POUND ao 160 a/ 60 L I., J . I 1 .1 , 120 — lIl lIlIIlIIIIIIIIIll llI .id i l l nl ii. ni n In i ii 100 160 140 120 100 120 100 80 60 80 70 60 50 40 1981 1983 1981 1983 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER C E N T PER ANN UM P E R C E N T P ER A N N U M 24 ♦ 0 24 12 8 ♦ 0 6 16 12 6 0 12 8 4 ♦ 0 4 8 1981 1983 1981 1983 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U .S . [ U .S . D O L L A R S P E R F IN E O U N C E AR S P E A F IN E O U N C E 800 800 750 750 700 700 650 650 600 600 550 550 500 500 450 450 400 400 350 350 300 300 250 250 1980 1981 1982 1983 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 1981 1983 1981 1983 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES [NT PER ANNUM PERCENT PER 22 24 U. S. CD* S 18 20 14 16 10 12 6 20 S 16 16 12 12 8 8 4 16 12 12 8 8 4 4 0 1981 1983 1981 1983 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo ndo n AVERAGES FOR WEEK ENDING WEDNESDAY 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 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOP WEEK ENDING WEDNESDAY PER CENT PER ANNUM PERCENT PER ANNUM 3 2 o+ 1 1 2 3 4 1981 1 PERCENT ON D IF F E R E N T IA L SCALE 1983 = 2 PERCENT ON RATE SCALE 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 20 12 4 2 - 20 - 12 DIFFERENTIAL M i l l ! 11111111111 I I 1983 1981 1 PERCENT ON D IF F E R E N T IA L II I II I II I SCALE = 2 PERCENT ON RATE SCALE CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES rcr PER ANNUM PERCENT PER 19 19 UNITED STATES 15 15 11 11 7 7 15 9 11 5 1 7 13 13 MONTHLY JAPAN 9 9 IlIIlII 5 5 22 22 18 18 14 14 10 10 6 6 1981 1983 1981 1983 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 1981 1983 1981 1983 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CERTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SNISS FRANC BELGIAN FRANC ITALIAN LIRA INDICES, MARCH 1973 BASE BATES = GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SNISS FRANC BELGIAN FRANC ITALIAN LIRA NAY MAY MAI MAY HAY MAY HAY HAY MAY 18 18 18 18 18 16 18 18 18 40-74 0.43021 36.22 156.15 81.37 13.54 49.22 2.04076 0.06845 MAY MAY MAY MAY MAY HAY MAY HAY MAY 18 18 18 18 18 18 18 18 18 114.62 112.64 103.99 63.16 81.10 61.02 158.34 80.42 38.88 18 18 18 18 18 18 18 18 18 18 18 121.60 141.53 135.75 122.94 71.37 94. 19 68.45 187.97 93-48 42.69 68.13 18 18 18 18 18 18 18 18 -0.29 -1.25 4.04 -4.70 4.66 3.45 2.73 -6.87 100 HEIGHTED 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 SNISS FRANC BELGIAN FRANC ITALIAN LIRA SHEDISH KRONA MAI MAY MAY MAY MAY HAY MAY HAY MAY MAY HAY CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SNISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA MAY MAY MAY MAY HAY MAY HAY MAY SERIES HAHE LAST VALUE PLOTTED DATE VALUE CHART 3. GOL D PRICE 18 LONDON, A PTERNOON FIXING U.S. DOLLARS PER FINE OUNCE HAY- 18 040.15 HAY HAY HAY HAY HAY HAY HAY HAY JAN. HAY 18 18 13 6 13 6 13 13 1 6 8.59 8.75 10.31 10.21 5.00 4.75 6.00 12.50 10.30 5.19 HAY HAY HAY HAY HAY HAY HAY 18 ia ii 18 18 18 18 8.41 5.27 6.63 9.22 10.21 4.34 8.21 HAY HAY HAY HAY HAY HAY 18 18 18 18 18 18 8.75 8.79 8.81 8.89 8.95 9. 13 OVERNIGHT EURO-COLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE R E Q U I REMENTS HAY 18 HAY 18 HAY 18 8.75 8.59 0. 16 3-HONTH EURO-DOLLAR DEPOSIT RA T E U.S- 90-DAY CC* S, SECONDARY HARKET DIFFERENTIAL MAY 18 HAY 18 HAY 18 8.89 8.41 0.48 CHART 4. CALL HONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E POSITS U.K. CANADA 6ERHANY EURO-DH JAPAN FRANCE NETHERLANDS EURO-SHISS FRANC CHART 5. 3-MONTH INT E R E S T RATES U.S. 90-DAY CD'S, SECONDARY HARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS 6 DISCOUNTS CAN A D I A N FINANCE PAPER INT E R B A N K S T E R L I N G SRISS I N T E R B A N K LOAN HEIGHTED AVER A G E FOREIGN INTEREST RATE |G-1 0 C OUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVEBNIGHT 7-DAY 1— MONTH 3-HONTH 6-MCNTH 1-YEAR CHART 7. SELE C T E D EURO-DOLLAR AND U.S. HONEY H A R K E T RATES SERIES HARE CHART LAST VALUE PLOTTED DATE VALUE . INTEREST ARBITRAGE, 3-H0NTH FUNDS EURG-DOILAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL HAY 18 HAY 18 HAY 18 8.89 8.93 -0.04 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL HAY 18 HAY 18 HAY 18 8.26 8.92 -0.66 EURO-DOLLAR DEPOSIT INTERBANK DN (FRANKFORT), COVERED DIFFERENTIAL HAY 18 HAY 18 HAY 18 8.89 9.37 -0.48 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL HAY 18 HAY 18 HAY 18 8.89 9.05 -0. 16 HAY 13 HAY 6 HARCH APRIL 29 HAY 6 HARCH 11 NOV. HAY 6 10.21 7.45 7.46 4.41 11.00 14.79 8-89 9.97 HARCH JAN. 11. 73 10.46 CHART 9. LONG TERM GOVEHHENT BOND YIELDS UNITED STATES GERHANY JAPAN (HONTHLY) SSITZERLAND CANADA FRANCE NETHERLANDS (HONTHLY) UNITED KINGDOH U. S- CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOH CANADA GERHANY SWITZERLAND NETHERLANDS FRANCE JAPAN HAY HAY HAY HAY HAY HAY HAY HAY 4 4 4 4 4 4 4 4 169.35 151.65 232.46 136.35 109.85 122.27 123.36 167.72
@FedFRASER