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(516/517) •h. Selected Interest & Exchange Rates Weekly Series of Charts November 22, 1982 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 Ur States, its possessions, Canada, and Mexico; 1 more of the same issue to one address, $13.5C year or $.35 each. Elsewhere, $20.00 per year or each. Address requests to Publications Services, sion of Administrative Services, and make payr remittance payable to the order of the Boarc Governors of the Federal Reserve System in a 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 SCALE MARCH 1 9 7 3 = 1 0 0 RAilO SCALE MARCH 1973=100 160 140 - 120 - 100 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN - - ,1,, 1,, 1,, M i M i M 1 1 7 80 120 U.K. POUND 100 80 SWISS FRANC I 60 I , , | ,, ,,i I , Z u 7 180 DUTCH GUILDER - GERMAN MARK I I 1111 ihi I • 120 CANADIAN DOLLAR 80 ^ FRENCH FRANC I 60 I I I I I ~ 111111111 ii 160 — 140 - 120 - 100 \\ — BELGIAN FRANC - — \ A ~~ ITALIAN LIRA 80 "i i iiliiiiilii 11111111111 i 1980 - 140 100 "l - 160 120 - 100 - 1982 1980 1982 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN ENT PER ANNUM — 6 ITALIAN LIRA - + 0 CANADIAN DOLLAR I 6 I I > ,V - / V ^ - V 6 + 0 U. K. POUND 6 DUTCH GUILDER 12 12 SWISS FRANC GERMAN MARK 6 + 0 6 + 0 6 FRENCH FRANC JAPANESE YEN 12 1980 1982 1980 1982 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC U.S. DOLLARS PER HNF 0 ARS 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 100 1979 1980 I I I I I I I I 1981 I I I I I I 1982 I I I I I CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANf PER ANNUM 28 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 12 8 4 - 24 ; | 20 16 EURO-SWISS FRANC CANADA > 12 . r IvyA A /A JN NETHEf(LANDS i i i I I 11! 11111111 GERMANY FRANCE JAPAN 1980 I EURO-DM 1982 1980 1982 — CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNl PER ANNUM U.S. CD'S 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 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERC PERCENT PER AW T PER ANNUM 24 20 16 12 8 3-MONTH OVERNIGHT Illllllll 4 24 20 16 12 8 7-DAY 6-MONTH 1-MONTH 1-YEAR 4 24 20 16 12 8 4 1980 1982 1980 1982 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENOWG WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 3-MONTH 22 E U R O - D O L L A R DEPOSITS - - 22 FEDERAL FUNDS 18 18 - 14 14 10 - 10 \V^r 90-DAY CD S • OVERNIGHT E U R O - D O L L A R DEPOSITS I I I I I I I I I I I I I I I I I I I I I I ! I I I I I I I 6 3 2 - 1 - y v A v V V DIFFERENTIAL DIFFERENTIAL I I I I I I I I I I 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 1962 1980 II I I I I I I I I 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 — CANADIAN FINANCE CO. PAPER, COVERED w / ^ —s. V i /w\ ^ INTERBANK STERLING v i \i 12 U. S. COMMERCIAL PAPER COVERED LONDON I I 1 I 1 i I1 !!1 1 1 ill 1 DIFFERENTIAL DIFFERENTIAL - Jj i V J 1 J( \t* fj / 20 i DASHED LINE - w 2 ~ 1 1 1 1 1 I I llllllllllll " v i V 1 n 1 1 11111111111 lllllllllll 4 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT - 20 12 20 12 - EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE LL DIFFERENTIAL DIFFERENTIAL A , 1 / |/v/^VUwyv " 1 1 1 1 1 i 1980 i \J IiiIiiIiiIm 1 1982 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 1 1 a a A a A AA* MI I i 1980 i l Am yA AW Iiiiiihiin A , v'v A lllllllllll 1982 0 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES PERCENT PER ANNUM PERCENT PER ANNUM 19 19 U. S. CORPORATE MONTHLY Aaa BONDS UNITED STATES - \ I"A , - 15 — 11 EURO-DOLLAR BONDS I I I I UNITED KINGDOM I I I 11111111111 " I IIIII IIIIl SWITZERLAND I I I I I III I I I I I I I — I l l II I I I I I I I MONTHLY JAPAN — - 9 GERMANY I I I I I I 11111111111 5 i ill i h i l t i 22 18 FRANCE CANADA 14 10 NETHERLANDS i Inhilii 1980 1982 1980 JJLLIJ 1982 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SC/ 1969= RATIO S 1969=1 180 160 140 12 120 100 - JAPAN UNITED STATES 80 140 GERMANY 120 \- 100 UNITED KINGDOM zV f \ v I I I 80 - . . A'A. I I I , f*~- ,111111111111111111 l L l l 140 FRANCE SWITZERLAND 120 100 8( CANADA NETHERLANDS 1980 1982 1980 1982 1< 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 F R A N C SWISS FRANC BELGIAN FRANC ITALIAN LIRA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 17 17 17 17 17 17 17 17 17 3 8. 75 0.37637 35. 67 162.,63 81. 63 13. 72 45. 25 2.00031 0. 06741 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 17 17 17 17 17 17 17 17 17 109,.01 98.,55 102.,39 65. 78 8 1.36 61. 80 145.,58 78. 82 38. 29 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER 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 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. . 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 125..20 136. 98 119.92 123. 91 76.,56 96. 88 71.,23 176. 52 93.,77 43. 04 69., 1C !. 3-MONTH F O R W A R D EXCHANGE RATES, PREMIUM OB DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA NOV.. 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. . 17 NOV. 17 -0.98 0.95 2. 86 -7. 95 6. 08 3. 54 2. 96 -13. 14 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE NOV. 17 404.45 NOV. 17 NOV. 17 NOV. .12 OCT. 15 NOV. . 12 5 NOV. NOV. 12 NOV. 12 JAN. 1 5 NOV. 9.61 9.78 9.25 13.73 7.00 6.94 6. 75 13.25 10. 30 1.85 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. . 17 NOV. 17 NOV.. 17 9.22 7.21 7.19 10.93 9-11 3.88 9.31 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV.,17 NOV. 17 9.78 9.71 9.73 9.93 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 EUiRO-SWISS FRANC 5..3-MONTH INTEREST R A T E S U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS S DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST R A T E (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 10. 10 10.34 CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ..FOR RESERVE REQUIREMENTS NOV. 17 NOV. 17 NOV. 17 9. 78 9. 61 17 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL NOV. ,17 NOV. 17 NOV. 17 9. 93 9. 22 71 0. 0. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. . 17 NOV. 17 NOV. 17 9. 93 10. 09 — 0. 16 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. 17 NOV. . 17 NOV. 17 8. 91 9. 93 -1.,02 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. 17 NOV. 17 NOV. . 17 9.93 10.,12 — Oe 19 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV. 17 NOV. 17 NOV. . 17 9. 93 10.,02 -0. 09 NOV. 12 NOV., 5 OCT. OCT. 29 OCT. 15 SEPT. . 10 JAN. 1 NOV..12 10.53 8. 10 8.45 12.40 15. 77 11.12 9.42 OCT. SEPT., 12.12 12.92 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 4.30 1. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 10 10 10 10 10 10 10 10 145.38 139.50 185.34 100.44 90.41 90.80 102.64 149.57 FEDERAL RESERVE statistical release • f*AL -fi. 10(512) NOVEMBER 22, 1982 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING • NOVEMBER 19, 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.p., 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 BSCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC BAHT POUND BOLIVAR • VALUE IN U.S..CENTS NOV. 15 39200.00 93.92 18.150 50.080 225.61 1.2249 69.000 2.90*6 68.160 9.9650 5.5610 7.3080 2.5865 73.750 6.7000 9.8200 683.50 VI 131.50 31.#60 1*85.00 267.35 2.3675 128.9000 2.8100 70.900 7.3000 878.08 8.97*0 92.*00 2.2175 87.25 7*5.65 120.550 21.930 7.5550 2.2200 23.000 163.15 *.3000- CURRENCY UNITS PER DOLLAR) NOV. 17 NOV. 16 39200.00 9*. 18 18.060 *9.9T0 225.61 1.2258 69.000 2.00*6 68.160 9.9050 5.5*50 7.2720 2.5718 73.300 6.7000 9.9*00 683.50 NA 132.30 31.$60 1*79.00 263.70 2.3680 135.9000 2.7960 71.150 7.2650 878.06 8.97*0 92.100 2.2160 87.60 7*5.65 120.200 21.930 7.5*50 2.1925 23.000 162.05 *.3000 39200.00 9*.1* 17.990 *9.910 225.61 1.2259 69.000 2.90*6 68.160 9.0025 5.5*30 7.2735 2.5735 73.900 6.6500 9.9500 683.50 NA 132.15 31.**0 1*80.00 263.30 2.3620 135.9000 2.7915 70.900 7.3075 878.08 8*97*0 91.750 2.2120 87.50 7*5.65 120.100 21.930 7.5750 2.2035 23.000 160.)5 *.3000 NOV. 18 39200.00 9*.13 18.010 *9.900 225.61 1.2251 69.000 2.90*6 68.160 8.9950 5.5515 7.2575 2.5685 73.900 6.6700 9.9500 683.50 NA 132.10 31.9*0 1*79.00 262.70 2.36*0 1*0.9000 2.7950 70.950 7.2950 878.08 8.97*0 92.800 2.2120 87.95 7*5.65 119.980 21.930 7.5750 2.1985 23.000 160.30 *. 3000 NOV. 19 39200.00 9*. 5* 17.890 *9.*60 233.57 1.2211 69.750 2.00*6 68.510 8.9020 5.52*5 7.1975 2.5*30 72.550 6.6*00 9.8100 683.50 NA 133.*0 31.**0 1*66.00 257.85 2.3630 135. Q000 2.7770 71.300 7.2280 891. *2 8.9960 92.550 2.2195 88.65 7*5.65 119.200 21.030 7.5120 2.1815 23.000 161.95 *.3000
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