The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(5 1 6 / 5 1 7 )
Selected Interest
Exchange Rates
W eekly Series o f Charts
September 6,1983
DIVISION OF
IN T E R N A T IO N A L F IN A N C E
Prepared by the
F IN A N C IA L M A R K E T S
S E C T IO N
BOARD O F GOVERNORS
F E D E R A L R E S E R V E 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 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, 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.
2. D A IL Y C ER TIFIE D SPOT
EXCHANGE RATES-H.10 RELEASE
CHARTS
1. SPOT EXCHANGE RATE INDICES
2. 3-MONTH FORWARD EXCHANGE RATES
3. GOLD PRICE--LONDON
4. C ALL MONEY RATES
5. 3-M ONTH INTEREST RATES
6. EURO DOLLAR DEPOSIT RATES
7. SELECTED EURO DOLLAR AND
U.S. MONEY M ARKET RATES
a INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM G O VER NM EN T BOND YIE LD S
10. IN D U S TR IA L 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 CALE
MARCH 1973=100
RATIO SCALE
MARCH 1973=100
—
160
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
140
-
-
120
100
-
LL.I
80
I
llllll l l l i i ul i i l nl i i
120
100
- 200
CANADIAN DOLLAR
^
80
:
160
—
----
60
__I__I__I__
i
i i
ul i i l nl i i lllll l l l l i i
180
160
\
140
DUTCH GUILDER
120
—
100
1
1
1
I I I
i i l i i l nl i i i i l i i l nl i i
120
100
-
80
60
50
45
80
70
60
50
40
1981
1983
1983
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PER C E N T PER ANN UM
24
♦
0
24
12
6
♦
0
6
18
12
6
0
1981
1983
1981
1983
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U .S . [
A R S P E R F IN E O U N C E
U .S . D O L L A R S P E R 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 A
CALL MONEY RATES
WEEKLY SERIES
28
24
24
20
20
16
16
12
12
8
8
4
4
0
24
24
20
20
16
16
12
12
8
8
4
4
+
0
♦
0
20
24
20
U. K. 2-D A Y LOCAL AUTHORITY
16
16
12
12
8
8
4
4
0
1981
1983
1981
1983
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
P E R C E N T P ER
22
24
18
20
14
16
10
12
6
20
8
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 n d o n
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER
EN T PER ANNUM
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
1981
1983
1981
1983
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
22
18
14
10
6
3
2
io+
1
1
2
3
4
1981
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1983
1981
1983
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
P ER C E N T PER ANNUM
P E R C E N T PER ANN UM
28
20
12
4
2
+
0
2
4
28
20
12
4
2
+
0
2
1 PERC ENT ON D IF F E R E N T IA L SC A LE = 2 PERCENT ON RATE SC ALE
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
19
19
15
15
11
11
7
7
15
9
11
5
1
7
13
13
9
9
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
RATIO SCALE
1969=100
1969=100
1981
1903
1981
1983
LAST VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART
1. SPOT EXCHANGE RATES AND INDICES
WEEKLY AVERAGES, NOON BUYING RATES
{U.S. CENTS)
GERMAN MARK
J APANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
31
31
31
31
31
31
31
31
31
37.41
0.40728
33.40
150.09
81.20
12.43
46.01
1.86023
0.06263
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
31
31
31
31
31
31
31
31
31
105.23
106.64
95.89
60.70
80.93
56.01
148.02
73.30
35.58
31
31
31
31
31
31
31
31
31
31
31
129.97
136.03
135.39
119.22
72.38
99.43
65.95
185.10
89.60
41.05
68.20
31
31
31
31
31
31
31
31
0.62
0.46
4.67
-4.84
5.55
4.01
3.49
-7.36
INDICES, MARCH 1973 BASE RATES = 100
GERMAN HARK
J APANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100
JG-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
CHART 2. 3— MONTH FORWARD EXCHANGE RATES,
CANADIAN DOLLAR
U.K. POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
ITALIAN LIRA
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
PREMIUM OR DISCOUNT
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
SERIES NAME
LAST VALUE PLOTTED
DATE
VALUE
CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING
U.S. DOLLARS PER FINE OUNCE
AUG. 31
<118. 15
CHART 4. CALL HONEY RATES
U.S. FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR DEPOSITS
U.K.
CANADA
GERHANI
EURO-DN
JAPAN
FRANCE
NETHERLANDS
EURO— SWISS FRANC
AUG.
AUG.
AUG.
JULY
AUG.
SBPT.
AUG.
AUG.
JAN.
SEPT.
31
31
26
15
26
2
26
26
1
2
9.44
9.41
9.75
9.23
5.05
17.39
6.44
12.13
10.30
8.60
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
31
31
31
31
31
31
31
9.63
5.71
6.69
9.44
9.80
4.60
8.36
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
31
31
31
31
31
31
9.41
9.58
9.73
10.13
10.51
10.79
OVERNIGHT EURO-DOLLAR DEPOSITS
U.S. FEDERAL FUNDS
DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS
AUG. 31
AUG. 31
AUG. 31
9.41
9.44
-0.03
3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 90-DAY C D ’S, SECONDARY MARKET
DIFFERENTIAL
AUG. 31
AUG. 31
AUG. 31
10. 13
9.63
0.50
CHART 5. 3-MONTH INTEREST RATES
U.S. 90-DAY C D ’S, SECONDARY NARKET
GERMAN INTERBANK LOAN
JAPANESE BANK LOANS 6 DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN INTEREST RATE
{G-10 COUNTRIES PLUS SWITZERLAND)
CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7 - DAY
1-MONTH
3-MCNTH
6-MONTH
1-YEAR
CHART 7. SELECTED EURO-DOLLAR AND U.S. HONEY MARKET BATES
SERIES SAME
CHART
LAST VALUE PLOTTED
DATE
VALUE
- INTEREST ARBITRAGE, 3-MCNTH FUNDS
EURO-DOLLAR DEPOSIT
I N T E R B A N K STERLING (LONDON), COVEBED
DIFFERENTIAL
AUG. 31
AUG. 31
AUG. 31
10. 13
10. 11
0.02
U.S. COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVEBED
DIFFERENTIAL
AUG. 31
AUG. 31
AUG. 31
9.37
10.08
-0.71
EURC-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVEBED
DIFFERENTIAL
AUG. 31
AUG. 31
AUG. 31
10.13
10. 44
-0.32
EURC-DOLLAR DEPOSIT
SHISS INTERBANK, COVEBED
DIFFERENTIAL
AUG. 31
AUG. 31
AUG. 31
10. 13
10.22
-0.09
CHART 9. LONG TERN G O VERMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
S W ITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
AUG.
AUG.
JUNE
AUG.
JULY
APRIL
FEB.
AUG.
26
12
19
15
8
26
11.58
8.36
7.49
4.62
11.96
14.60
8.20
10.29
0 S. CORPORATE
AAA BONDS
E U R O -DOLLAR BONDS
CHART
10.
JULY
APRIL
12. 15
9.90
STOCK INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
17
17
17
17
17
17
17
17
172.31
161.81
241. 14
137.55
114.71
138.48
132.72
177.81
@FedFRASER