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Selected Interest &
Exchange Rates
Weekly Series of Charts
September 6, 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
CHART 1
SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO s
MARCH 197c
RATIO ! : A L E
MARCH 9 7 3 = 1 0 0
160
140
JAPANESE YEN
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
120
100
80
120
U.K. POUND
100
80
SWISS FRANC
60
180
—
DUTCH GUILDER
160
140
-
120
100
GERMAN MARK
"
i
l
i l l ii h i l l i
l
I ill I l u l u
120
100
CANADIAN DOLLAR
80
FRENCH FRANC
60
160
140
120
100
ITALIAN LIRA
BELGIAN FRANC
80
1980
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
6
I
I
I
i
r
i
11111111111
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
LLARS 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
1979
1980
I
1981
I
I
I
I
I
I
I
I
I
I
1982
I
I
I
I
100
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PER ANNUM
PERCENT PER
28
24
U. S. FEDERAL FUNDS
U. K. 2-DAY LOCAL AUTHORITY
20
16
12
8
4
24
J kjA f :
20
16
UAN
EURO-SWISS
FRANC
12
8
NETHERLANDS
4
+
0
I
I
I
11111111111
24
20
GERMANY
FRANCE
16
12
8
JAPAN
4
EURO-DM
0
1980
1982
1980
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
26
20
GERMAN INTERBANK RATE
CANADIAN FINANCE CO. PAPER
22
16
18
12
8
14
4
10
0
6
12
16
JAPANESE BANK
LOANS AND DISCOUNTS
8
12
4
SWISS INTERBANK RATE
8
0
4
1980
1982
1980
1982
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANf
T PER ANNUM
24
20
16
12
8
3-MONTH
OVERNIGHT
llllllllll
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
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
26
26
.
—
3-MONTH
22
-
_
FEDERAL FUNDS
/]
\
11
h
l/
I
18
ll
14
18
\
ijti
-1
14
V
ini
10
J
I
|
V\JI
f
1
I
i
J
/If
I
22
E U R O - D O L L A R DEPOSITS
10
\ \ M r 90-DAY CD'S
OVERNIGHT
E U R O - D O L L A R DEPOSITS
I
I
11 1 1 1 11 i 1 1 1 1
M i l
I I I I I I I I I I I
1 1 1 11 1 1 1 1 I I
6
3
2
1
+
0
1
DIFFERENTIAL
DIFFERENTIAL
2
3
I ll
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 P E R C E N T ON RATE S C A L E
1982
1980
I ll
1982
II
4
CHART
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
—
iyWv^
-
-
4
11111111111
2
28
28
SWISS INTERBANK (SF) COVERED
INTERBANK DM
COVERED FRANKFURT
20
20
12
12
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
'l
DASHED LINE
4
DIFFERENTIAL
DIFFERENTIAL
i
i
1980
i
111111111111 11111111111
1982
1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON R A T E S C A L E
1980
1982
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
ENT PER ANNUM
PERCENT PER AL
19
U. S. CORPORATE
UNITED STATES
15
19
MONTHLY
Aaa BONDS
15
11
11
EURO-DOLLAR BONDS
7
I l l l l l l l l l l
7
15
9
UNITED KINGDOM f \
11
Vlzl
7
13
\ f\
i
A
i
\JV
SWITZERLAND
"
I —
5
i
1
13
MONTHLY
JAPAN
—
—
9
9
GERMANY
5
1
1
-
5
1
22
22
18
18
CANADA
FRANCE
14
14
10
10
NETHERLANDS
6
6
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
UNITED STATES
GERMANY
120
\
/ V z v
UNITED KINGDOM
I
I
I
I
I
I
FRANCE
SWITZERLAND
140
120
-
-
100
-
NETHERLANDS
80
60
-
K/
i
i
/
i
CANADA
T
a
-
llin lull I
1980
1982
1980
1982
" 100
LAST VALUE PLOTTED
DATE
VALUE
S E R I E S NAME
CHART 1 .
SPOT EXCHANGE RATES AND I N D I C E S
WEEKLY AVERAGES, NOON BUYING RATES
(U.S.
GERMAN HARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
INDICES,
MARCH 1 9 7 3
WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S ,
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
CHART 2 .
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
40.31
0.38736
36.81
172.91
80.73
14.36
47.36
2.10454
0.07147
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
113.40
101.42
105.67
69.94
80.46
64.70
152.35
82.93
40.60
BASE RATES = 1 0 0
GERMAN MASK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
U . S . DOLLAR
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FSANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
CENTS)
MAR 1 9 7 3 = 1 0 0
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
119. 57
1 3 7 .,53
118.93
1 2 3 . 30
7 8 . 71
92. 07
7 2 . 00
1 7 8 . 22
9 5 . 22
4 4 . 09
8 2 . 68
3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
ITALIAN LIRA
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
- 2 . 99
0. 63
3 . 16
- 1 0 . 60
7. 33
3.30
3.98
-9.81
LAST VALUE PLOTTED
DATE
VALUE
S E R I E S NAME
CHART 3 .
GOLD P R I C E I N LONDON, AFTERNOON F I X I N G
U.S.
4.
DOLLARS PER F I N E OUNCE
SEPT.
SEPT.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
JAN.
AUG.
1
1
27
6
27
20
27
27
1
20
10.15
1 0 . 13
11.00
15.96
8.00
8.26
7.06
14.50
10.30
1.95
10.17
8.37
7.33
14.22
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
10.80
3.95
10.46
EURO-DOLLAR DEPOSIT RATES: LONDON
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
SEPT.
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7 .
412.94
3-MONTH INTEREST RATES
U . S . 90-DAY C D ' 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 - 1 0 COUNTRIES PLUS SWITZERLAND)
CHART 6 .
1
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
EURO-SWISS FRANC
CHART 5 .
SEPT.
SELECTED EURO-DOLLAR AND U . S .
1
1
1
1
1
1
10.13
10.13
10.50
11.26
12.23
12.71
MONEY MARKET RATES
OVERNIGHT EURODOLLAR DEPOSITS
U . S . FEDERAL FUNDS
DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS
SEPT.
SEPT.
SEPT.
1
1
1
10.13
10.15
-0.02
3-MONTH EURO-DOLLAR DEPOSIT RATE
U . S . 90-DAY C D ' S , SECONDARY MARKET
DIFFERENTIAL
SEPT.
SEPT.
SEPT.
1
1
1
11.26
10.17
1.09
S E R I E S NAME
CHART 8 .
LAST VALUE PLOTTED
DATE
VALUE
INTEREST ARBITRAGE, 3-MONTH FUNDS
EURO-rDOLLAR DEPOSIT
INTERBANK STERLING (LONDON) , COVERED
DIFFERENTIAL
SEPT.
SEPT.
SEPT.
U . S . COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
SEPT.
SEPT.
SEPT.
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
SEPT.
SEPT.
SEPT.
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, COVERED
DIFFERENTIAL
SEPT.
SEPT.
SEPT.
CHART 9 .
11.45
-0.19
9.72
11.12
-1.40
11.26
11.60
-0.33
11.26
11.35
-0.09
LONG TERM GOVERMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
UNITED KINGDOM
U.S.
11.26
AUG.
AUG.
JULY
JUNE
AUG.
JULY
JAN.
AUG.
27
20
11
6
9
1
27
12.51
8.85
8.34
5.00
15.35
15.96
11.12
10.89
CORPORATE
AAA BONDS
EURO-DOLLAR BONDS
CHART 1 0 .
STOCK I N D I C E S
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
14.61
13.41
JULY
JUNE
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
25
25
25
25
25
25
25
25
121.24
124.96
154.78
95.30
82.74
81.91
97.20
140.77
FEDERAL RESERVE statistical release
H.10(512)
SEPTEMBER
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING SEPTEMBER
3,
7,
1982
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:
MONETARY
UNIT
AUG. 3 0
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
S R I LANKA
SWEDEN
SWITZERLAND
THAILAND
•UNITED KINGDOM
VENEZUELA
PESO
DOLLAR
SCHILLING
FRANC
CRUZEIRO
DOLLAR
PESO
YUAN
PESO
KRONE
MARKKA
FRANC
D. HARK
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
23050-00
7
96.57
T7.530
47.900
189.90
1.2435
55.000
1.9326
65.650
8.7575
4.7660
7.0070
2.5070
70.620
6.0850
9.6300
662.75
NA
137.10
27.120
1411.00
260.95
2*3510
127.0000
2.7450
72.900
6.7215
751.09
8.5725
85.600
2.1610
86.95
744.90
112.550
20.900
6.1710
2.1400
23.000
170.85
4.3000
* VALUE IN U . S .
CENTS
COUNTRY
[CURRENCY UNITS PER DOLLAR1
AUG. 3 1
SEP.
1
23050.00
96.42
17.580
47.750
189.90
1.2392
55.000
1.9501
65.650
8.7150
4.7790
7.0120
2.4970
70.870
6.0475
9.6300
662.75
NA
137.70
27.570
1406.00
261.10
2.3460
127.0000
2.7300
72.730
6.7200
751.09
8.5725
86.900
2.1550
86.89
744.90
113.060
20.900
6.1475
2.1270
23.000
172.05
4.3000
23050.00
96.65
17.530
47.820
189.90
1.2374
55.000
1.9501
65.650
8.7050
4.7710
7.0000
2.4910
70.640
6.0750
9.6500
662.75
NA
138.00
27. 800
1403.00
259.10
2.3470
123.0000
2.7255
72.900
6.6975
751.09
B.5725
86.700
2.1510
86.88
744.90
112.850
20.900
6.1500
2.1250
23.000
172.05
4.3000
SEP.
2
23050.00
96.98
17.360
47.520
189.90
1.2366
55.000
1.9501
65.650
8.6850
4.7350
6.7430
2.4735
69.910
6.0625
9.5800
662.75
NA
138.90
27.860
1397.00
256.20
2.3470
145.0000
2.7120
73.280
6.6775
751.09
8.5725
86.500
2.1500
87.40
744.90
111.950
20.900
6.1480
2.1085
23.000
173.50
4.3000
SEP.
3
24100.00
96.70
17.330
47.560
198.10
1.2400
57.000
1.9305
65.700
8.6700
4.7310
6.9850
2.4760
69.890
6.0400
9.5400
662.75
NA
139.05
28.290
1398.00
257.80
2.3465
130.0000
2.7160
73.220
6.6675
757.50
8.6075
86.400
2.1460
87.45
744.90
111.450
20.920
6.1550
2.1030
23.000
173.05
4.3030
@FedFRASER