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6 (516/517) Selected Interest & Exchange Rates Wfeekly Series of Charts I s i May 3, 1982 , DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 - W o 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 J CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 120 — 100 U.K. POUND - - - 80 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR - 100 - - - Illllllllll 60 JAPANESE YEN GERMAN MARK I I I II I I I 100 - — — 80 - FRENCH FRANC i i i I I I SWISS FRANC I BELGIAN FRANC - 80 - 60 40 1980 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANN NT PER ANNUM 24 — 6 ITALIAN LIRA - - + 0 + 0 - CANADIAN DOLLAR i 6 r\ nlnhllM I I I I I! I I I24 I I 12 6 6 + 0 U. K. POUND + 0 6 DUTCH GUILDER 6 12 18 12 SWISS FRANC GERMAN MARK 12 6 6 + 0 0 12 12 6 6 + 0 + 0 6 JAPANESE YEN FRENCH FRANC 6 12 1980 1982 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE C .LARS 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 1979 1980 I i i I i i I i i I i i I i i I i i I i 1981 1982 100 CHART 4 CALL MONEY RATES WEEKLY SERIES P E R C E N T PER ANf 41 PER ANNUM 28 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 12 8 4 24 20 16 CANADA EURO-SWISS FRANC 12 8 NETHERLANDS 4 + 0 24 20 GERMANY FRANCE 16 12 8 JAPAN EURO-DM 4 0 1980 1982 1980 1982 CHART t 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER Ah NT PER ANNUM 20 U.S. CD'S 16 12 U.K. INTERBANK STERLING WEIGHTED AVERAGE FOREIGN RATE 8 4 20 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 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 London AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER Al 16 12 OVERNIGHT 3-MONTH 7-DAY 8 6-MONTH 4 24 20 16 12 8 4 24 20 16 12 1-MONTH 8 1-YEAR 4 1980 1982 1980 1982 * CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+)t FAVORS BORROWING I U. S. N AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 3-MONTH E U R O - D O L L A R DEPOSITS FEDERAL FUNDS i W f 90-DAY CO S OVERNIGHT E U R O - D O L L A R DEPOSITS / i h r / v ^ Y V v A OFFERENTIAL DIFFERENTIAL I 1980 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E n i l II I 1962 I I I 11111111111 1980 11111111111 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 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON 4 2 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 2 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 20 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE 2 DASHED LINE DIFFERENTIAL 2 DIFFERENTIAL 0 2 1980 1982 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT O N RATE S C A L E 1980 1982 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 U. S. CORPORATE UNITED STATES 19 MONTHLY Aaa BONDS — / \ f*\ — A/ - — EURO-DOLLAR BONDS I I I 11111111111 I I I UNITED KINGDOM SWITZERLAND — — I I I I I I MONTHLY JAPAN — ^ - — GERMANY I I I I I I IiiIiiIiilii 11111111! 11 FRANCE CANADA NETHERLANDS 1980 1982 1980 1982 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E RATIO SCALE 1969=100 1969=100 JAPAN UNITED STATES 140 120 100 . Mr " A \J SWITZERLAND - 120 - - 100 Vinhii,, 80 V/vv UNITED KINGDOM I Mill I 11111111111 I I — ' FRANCE GERMANY \ Vv - 140 120 /Vz - 100 80 ~ I I I i i i 140 120 too - CANADA NETHERLANDS 80 60 I I I I I 1980 I 1982 1980 1982 LAST VALUE PLOTTED SATE VAL'JE SERIES NAME CHART 1. SPOT E X C H A N G E RATES AND INDICES WEEKLY A V E R A G E S , NOON BUYING RATES (U.S. CENTS) APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL INDICES, M A R C H 1973 28 28 28 28 28 28 28 28 28 42.09 0.41753 37.89 177.74 81.67 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL G E R M A N MASK 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 F R A N C ITALIAN LIRA 28 28 28 28 28 28 28 28 28 118. 39 109. 32 108. 77 71. 89 81. 40 72. 66 164. 13 87. 88 43. 25 28 28 28 28 28 28 28 28 28 28 28 113. 18 137. 51 123. 24 121. 43 77. 36 88. 98 78. 08 184. 05 96. 72 45, 05 82. 60 28 28 28 28 28 28 28 28 — 0. 89 1. 33 5. 98 - 7 . 23 10. 07 6. 58 7. 89 - 8 . 93 16.12 51.02 2.23018 0.07613 BASE RATES = 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D C A N A D I A N 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 J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D 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 SWEDISH KRONA CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E CANADIAN DOLLAR U.K. POUND G E R M A N MASK 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 APRIL AP2IL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APSIL APRIL , PREMIUM OR D I S C O U N T APSIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME L A S ! VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTEBNOON FIXING U.S. DOLLARS PER FINE OUNCE APRIL 28 352.10 CHART 4. C A L L MONEY RATES APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL JAN. APRIL 28 28 23 9 23 16 23 23 1 16 14.72 14.64 13.50 15.21 9.50 8.94 7.19 16.50 10.30 2.15 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 28 28 28 28 28 28 28 14.20 9.24 7.13 15.55 13.75 4.80 APRIL APRIL APRIL APRIL APRIL APRIL 28 28 28 28 28 28 14.64 14.86 14.85 14.85 14.85 14.59 O V E R N I G H T EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS APRIL 28 APRIL 28 A P R I L 28 14.64 14.72 -0.08 3-MONTH EURO-DOLLAR DEPOSIT R A T E U.S. 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL A P R I L 28 APRIL 28 A P R I L 28 14.85 14.20 0.65 U.S. F E D E R A L FUNDS O V E R N I G H T EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3 - M O N T H I N T E R E S T RATES U.S. 90-DAY C D ' S . SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS 6 DISCOUNTS C A N A D I A N F I N A N C E PAPER I N T E R B A N K STERLING SWISS INTERBANK LOAN WEIGHTED A V E R A G E FOREIGN INTEREST RATE (G-10 C O U N T R I E S PLUS SWITZERLAND) 11.26 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 M A R K E T R A T E S * S E R I E S NAME L A S T V A L U E PLOTTED DATE VALUE CHART 6 . INTEREST A R B I T R A G E , 3-MONTH PONDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 28 A P R I L 28 APRIL 28 14.85 15.12 -0.27 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 APRIL 28 APRIL 28 A P R I L 28 13.77 14.63 -0.86 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL A P R I L 28 APRIL 28 A P R I L 28 14.85 15.36 -0.51 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL A P R I L 28 A P R I L 28 APRIL 28 14.85 14. 99 -0.14 APRIL APRIL FEB. MARCH APRIL MARCH JAN. APRIL 13.69 8.98 7.85 5.15 15.21 16.33 CHART 9. LONG TERM G O V E R M E N T BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 23 16 26 9 19 1 23 11.12 12.68 U.S. C O R P O R A T E AAA B O N D S EURO-DOLLAR BONDS • # CHART 10. 14.58 12.97 MARCH JAN. STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 21 21 21 21 21 21 21 21 119.50 124.74 157.07 101.78 86.79 86.43 107.06 141.15 FEDERAL RESERVE statistical release APRIL 30, 1982 FOREIGN EXCHANGE RATES h. 10 (512) FOB THE WEEK ENDING APRIL 30, 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 JAPANMALAYSIA 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 DOLLAB SCHILLIHG FRANC CBUZEIfiO DOLLAB PESO YUAN PESO KRONE HABKKA FBANC D. HARK D8ACHHA DOLLAB RUPEE ROPIAH RIAL POUND SHEKEL LIRA YEN DOLLAB PESO GUILDER DOLLAB KBONB SOL PESO ESCUDO DOLLAR RAND WON PESETA RUPEE KBONA FRANC 3AHT POUND BOLIVAR • VALUE IN U.S. CENTS APR. 26 12000.00 105.52 16.667 44.760 153.19 1.2223 39.850 1.8443 61.900 8.0650 4.5755 6.1950 2.3735 63.300 5.8250 9.3800 653.50 NA 145.50 20.410 1311.50 238.40 2.3230 46.4800 2.6380 76.760 6.0600 604.00 8.3850 72.500 2.1160 95.55 721-95 104.950 20.550 5.8750 1.9565 23.000 177.75 4.3030 CtlSBENCI UNIT S PER DOLLAR) APB. 28 APB. 27 12000-00 105.65 16.710 44.510 153.19 1.2253 39.850 1.8443 61.900 8.0500 4.5820 6.1900 2.3685 63.800 5.8320 9.3900 653-50 NA 145.60 20.470 1310.00 238.00 2.3260 46.3500 2.6330 76.800 6.0350 604.00 8.3850 72.400 2.1200 95.45 721.95 104.800 20-550 5.8550 1.9560 23.000 177.45 4.3030 12000.00 105.88 16.550 44.470 155.61 1.2255 39.350 1.8333 61.900 7.9925 4.5525 6.1400 2.3555 63.250 5.8250 9.3700 653.50 NA 146.70 20.470 1303.00 237.25 2.3190 46.4000 2.6155 76.960 6.0075 604.00 8-3850 71.900 2.1120 95.62 721.95 104.330 20.550 5.8380 1.9510 23.000 178.55 4.3030 APB. 29 APR. 30 12000.00 106.10 16.500 44.200 155.61 1.2223 39.850 1-8333 61.900 7.9550 4.5320 6.1100 2.3390 63.500 5.8120 9.3800 653.50 NA 147.75 20.550 1301.00 235.90 2. 3140 46.4700 2.6025 76.920 5.9975 604.00 8.3850 71.500 2.1060 95.35 721.95 104.250 20.550 5-8100 1.9600 23.000 179.40 4.3030 12000.00 106.14 16.420 44.120 155.61 1.2197 39.850 1.8333 62.200 7.9600 4.5290 6.0960 2.3310 62-800 5.8170 9.3500 653.50 NA 147.75 20.600 1302.00 235.85 2-3020 46.6800 2.5830 77.200 5.9725 609.25 8.3830 71.100 2.1020 95.60 721.95 103.850 20.700 5.7950 1.9570 23.000 179.45 4.3030
@FedFRASER