Selected Interest & Exchange Rates

' y t» m w v (sw^w) V JUN11982 Selected Interest & Exchange Rates Weekly Series of Charts June 7, 1982. Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 551

Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE LONDON SUBSCRIPTION RATES: Weekly $15.00 per year or $.0 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, $.00 per year or S.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.. CALL MONEY RATES 5. 3MONTH INTEREST RATES. EURODOLLAR DEPOSIT RATES 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES a INTEREST ARBITRAGE: 3MONTH FUNDS 9. LONGTERM 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 1973=100 0 100 UK.POUND RATIO SCALE MARCH 1973=100 0 100 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR A 7 " V ^ : 80 0 I I! 11111i 111 GERMAN MARK i i i,, 0 180 10 JAPANESE YEN 10 0 V\ A \ 100 i n I I I IIIiiIIIIM 80 FRENCH FRANC SWISS FRANC I I I I I I I I I I I I /W' BELGIAN FRANC 0 DUTCH GUILDER 10a I I I I I I I II I II I II I I I III I I I ill I ITALIAN LIRA 80 100 80 CANADIAN DOLLAR i X/ y^z^v\ 0 I I I 1980 1982 1980 1982 0

CHART 2 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER A! ITALIAN LIRA + 0 CANADIAN DOLLAR y "V 11111111111 11liihi I ii + 0 U.K.POUND DUTCH GUILDER GERMAN MARK SWISS FRANC + 0 + 0 FRENCH FRANC JAPANESE YEN 1982 1980 1982

CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DO 800 \RS PER FINE OUNCE U.S. DOLLARS PER FINE OU ( 750 700 50 00 00 550 550 500 500 50.5Kg BARS AFTERNOON FIXING PRICE 50 00 00 350 350 300 300 250 250 0 0 150 150 100 1979 1980 I I I I I I I I I I 1 1 1 1 1 1 ' 1 ' 1981 1982 1 100

CHART CALL MONEY RATES WEEKLY SERIES :ENT PER ANNUM 28 2 U. S. FEDERAL FUNDS u. K. 2DAY LOCAL AUTHORITY bj KT " x 1 8 I I I I I I ill 11 hili i I I II I II I II I CANADA EUROSWISS FRANC NETHERLANDS FRANCE GERMANY JAPAN EURODM 1980 1982 1980 1982

.CHART 5 3MONTH INTEREST RATES WEEKLY SERIES U.S. CD'S 1 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING 8 2 CANADIAN FINANCE CO.PAPER GERMAN INTERBANK RATE 22 11 1 JAPANESE BANK LOANS AND DISCOUNTS 8 SWISS INTERBANK RATE 1980 1982 1980 1982

CHART EURODOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 2 NT PER ANNUM PERCENT PER ANf 2 1 1 8 OVERNIGHT 3MONTH 8 2 I I I III I I I 2 1 1 8 7DAY MONTH 8 2 2 1 1 8 1MONTH 1YEAR 8 1980 1982 1980 1982

CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY 2 2 22 3MONTH EURODOLLAR DEPOSITS 22 FEDERAL FUNDS '/ v f OVERNIGHT EURODOLLAR DEPOSITS F 90DAY CD' S 3 3 2 1 + 0 1 2 DIFFERENTIAL DIFFERENTIAL 3 1980 1982 1980 1982 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

28 CHART 8 INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY 28 EURODOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON I I l M U. S. COMMERCIAL PAPER I III I I I 2 DIFFERENTIAL DIFFERENTIAL w v V yu. lywvv^ 2 28 I III! 11 iiiiiiiiin > 1111111111 28 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT fr j V I V \ EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE r I I I H vjyja I I I DIFFERENTIAL l A ^ I I I 111111111111 1980 1982 y vv^rv j v DIFFERENTIAL " i l l 11111111111 1980 1982 L 2 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES 19 u. S. CORPORATE MONTHLY 19 15 UNITED STATES Mfl Asa BONDS / \ y r\ 15 11 A/ 11 EURODOLLAR BONDS I I I I I I I I I I I I I I I I I I I I I I I 1111111111 f 9 UNITED KINGDOM SWITZERLAND 5 i i i I I I ~ 1 13 MONTHLY 9 ^ I GERMANY l l l I I I 1111111111 5 CANADA FRANCE NETHERLANDS 1980 1982 1980 1982

RATIO SCALE 199=100 CHART 1C INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 199=100 UNITED STATES JAPAN SWITZERLAND 0 100 UNITED KINGDOM l l l l l l l l l l I I I I I I 80 10 FRANCE \ Azv v/ GERMANY 0 v / V \wv 100 80 I 111111111 n 1111111 m I n I I I i i i i.lnl.iln ih" 10 0 100 NETHERLANDS CANADA 80 0 I I I 1980 1982 1980 1982

SERIES HAHE LAST VALOE PLOTTED DATS VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BOXING RATES (U.S. CENTS) GERMAH MARK JAPANESE YEN DUTCH GUILDER O.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA JUNE 2 2.38 JONE 2 0.1018 JONB 2 38.21 JONE 2 178.99 JONB 2 80.31 JONE 2 1.27 JONE 2 9.7 JONE 2 2.29 JONE 2 0.075 INDICES, MARCH 1973 BASE RATES =100 GERMAN MARK JAPANESE YEN DOTCH GOILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 (G10 COUNTRIES PLUS SWITZERLAND) 0.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JONE 2 119.22 JONE 2 107.0 JONE 2 109.9 JONE 2 72.39 JONE 2 80.0 JONE 2 73.31 JONE 2 10.03 JONE 2 88.35 JONE 2 3.8 100 JONE 2 113.17 JONB 2 138. JONB 2 0.80 JONE 2 2.51 JONE 2 77.9 JONE 2 87.37 JONE 2 78.8 JONB 2 179.30 JONE 2 97.2 JONE 2 5.31 JONB 2 82.3 CHART 2. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC. SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JONE 2 1.53 JONE 2 1.38 JONE 2 5.97 JONE 2.87 JONE 2 10.1 JUNE 2 5.89 JUNE 2 7.50 JONE 2 99

SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PBICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE JUNE 2 321. 9 CHART. CALL MONEY RATES U.S. FEDEBAL FUNDS OVEBNIGHT EURODOLLAR DEPOSITS U.K. 2DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURODM JAPAN FRANCE NETHERLANDS EUROSWISS FRANC JUNE 2 13. 3 JUNE 2 13. 81 MAY 28 13. 13 MAY 1 15. 93 MAY 28 8. 70 MAY 21 8. 28 MAY 28 7. 25 MAY 28 1. 25 JAN. 1 10. 30 MAY 21 1. 31 CHART 5. 3MONTH INTEREST RATES U.S. 90DAY CD'S, SECONDARY MARKET JUNE 2 13.52 GEBMAN INTEBBANK LOAN JUNE 2 9.11 JAPANESE BANK LOANS DISCOUNTS JUNE 2 7.25 CANADIAN FINANCE PAPEB JUNE 2 15.85 INTEBBANK STERLING JUNE 2 13.38 SWISS INTEBBANK LOAN JUNE 2.25 WEIGHTED AVEBAGE FOREIGN INTEREST RATE JUNE 2 11.27 (G10 COUNTRIES PLUS S1ITZEBLAND) CHART. BUBODOLLAR DEPOSIT RATES: LONDON OVERNIGHT JUNE 2 13.81 7DAY JUNE 2 1.1 1MONTH JUNE 2 1.38 3MONTH JUNE 2 1.2 MONTH JUNE 2 1.5 1YEAB JUNE 2 1.33 CHART 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES OVEBNIGHT EUBODOLLAB DEPOSITS JUNE 2 13.81 U.S. FEDERAL FUNDS JUNE 2 13.3 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JUNE 2 0.38 # 3MONTH EUBODOLLAB DEPOSIT BATE JUNE 2 1.2 U.S. 90DAY CD'S* SECONDABY MABKET JUNE 2 13.52 DIFFERENTIAL JUNE 2 0.90

SEMES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3MONTH FUNDS EURODOLLAR DEPOSIT INTERBANK STERLING (LONDC DIFFERENTIAL JUNE 2 1.2, COVERED JUNE 2 1.80 JUNE 2 0.38 U.S. COMMERCIAL PAPER JUNE 2 13.11 CANADIAN FINANCE PAPEE, Cf'BRBD JUNE 2 1.2 DIFFERENTIAL JUNE 2 1.15 EURODOLLAR DEPOSIT JUNE 2 1.2 INTERBANK DM (FRANKFURT), COVERED JUNE 2 15.22 DIFFERENTIAL JUNE 2 0.80 EURODOLLAR DEPOSIT JUNE 2 1.2 SWISS INTERBANK, COVERED JUNE 2 1.77 DIFFERENTIAL JUNE 2 0.35 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES MAY 28 13. GERMANY MAY 21 8.87 JAPAN (MONTHLY) APRIL 7.0 SWITZERLAND MAY 21 5.88 CANADA MAY 1 1.1 FRANCE MARCH 19 1.33 NETHERLANDS JAN. 1 11. UNITED KINGDOM MAY 21.7 U.S. CORPORATE AAA BONDS APRIL 1. EURODOLLAR BONDS MARCH.9 CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN MAY 19 118.2 MAY 19 3.5 MAY 19 150.5 MAY 19 98.55 MAY 19 8.2 MAY 15 88.0 MAY 19 109.8 MAY 19 19.0

FEDERAL RESERVE statistical release m H.10 (5) FOREIGN EXCHANGE RATES JOIB 7, 1982 FOB IBS WEEK ENDING JOIB, 1982 TheBoardofGovernorsofthe Federal ReserveSystemisadvisedthatthe Federal Reserve BankofNewYorkhascertifiedforcustomspurposesthefollowinfgnoon buying rate in NewYorkCity forcabletransferspayable in foreigncurrencies: COOBIBY BOBBTABY OBIT ARGENTINA PESO AUSTRALIA DOLLAR AUSTRIA SCHILLING BELGIUM FRANC BBAZI1 CRUZEIRO CANADA DOLLAR CHILE PESO CHINA, p.m. YUAN COLOMBIA PESO DENMARK KRONE FINLAND MARKKA FRANCE FRANC GERMANY D. MARK GREECE DRACHMA HONG KONG DOLLAR INDIA.RUPEE INDONESIA RUPIAH IRAN RIAL IRELAND POUND ISRAEL SHEKEL ITALY LIRA JAPAN YEN MALAYSIA DOLLAR MEXICO PESO NETHERLANDS GUILDER NEW ZEALAND DOLLAR NORWAY KRONE PERU SOL PHILIPPINES PESO PORTUGAL ESCUDO SINGAPORE DOLLAR SOUTH AFRICA RAND SOUTH KOREA WON SPAIN PESETA SRI LANKA RUPEE SWEDEN KRONA SWITZERLAND FRANC THAILAND BAHT UNITED KINGDOM POUND VENEZUELA BOLIVAR * VALUE IB O.S. CBBIS HAT 31 1 0 1 I COBBBBCI OBI S PBB POIIAB) JOBS JOBS 2 JOBB 3 JOBE 1500.00 10.0 1.710.870 1.17 1.291 39.300 1.8331 2.500 8.0575.590.170 2.373.950 5.7770 9.3800 5.50 BA 15.50 22.080 131.00 2.30 2.300 7.30 2.370 7.100.0825 1.50 8.250 72.000 2.100 92.30 731.75 105.510.750 5.8975 2.0250 23.000 178.75.290 1500.00 10.5 1.780.800 1.17 1.255 39.300 1.851 2.500 8.0775.5955.130 2.390 5.550 5.7800 9.3800 5.50 BA 1.10 22.080 1313.00 2.70 2.3100 7.3100 2.290 75.850.0800 1.50 8.250 73.000 2.1090 91.8 73.75 10.580.750 5.8800 2.00 23.000 179.15.290 1500.00 10.79 1.50.0 1.17 1.238 39.300 1.851 2.500 8.050.570.1750 2.330.900 5.750 9.3500 5.50 BA 1.15 22.310 13.00 23. 2.3015 7.3800 2.150 7.030.0575 1.50 8.250 72.550 2.1015 91.90 73.75 105.880.750 5.8750 2.020 23.000 179.2.290 1700.00 10.77 1.580. 1.17 1.299 39.300 1.851 2.500 8.0700.510.1700 2.350.700 5.7775 9.300 5.50 BA 1.25 22.20 1311.00 23.5 2.3025 7.3700 2.0 7.100.050 7.75 8.250 72.250 2.1030 92.15 735.75 105.3.750 5.8850 2.0290 23.000 179.50.290