5 Yyc l51/517) \ \. > ' v.j : V ' Selected Interest & Exchange Rates Weekly Series of Charts i November 8, 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 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 PRICELONDON SUBSCRIPTION RATES: 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. 4. CALL MONEY RATES 5. 3MONTH INTEREST RATES. EURODOLLAR DEPOSIT RATES 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES 8. 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 10 RATIO SCALE MARCH 1973=100 140 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 0 100 80 r i I I I I I I I I I,,, I, 7 0 i U.K. POUND 100 80 SWISS FRANC 0 1 1 1 I I I I, I,,, M Mini,,I," DUTCH GUILDER 100 GERMAN MARK 0 100 CANADIAN DOLLAR 80, FRENCH FRANC ^Vvo> o I I I 10 140 A / 0 80 V A ~~ ITALIAN LIRA ) BELGIAN FRANC. 100 \\ L L L 111,, 1111 M 1980 1982 1980 1982
CHART 2 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER M ITALIAN LIRA + 0 CANADIAN DOLLAR i n miiiiiiiii + 0 U. K. POUND DUTCH GUILDER lllj GERMAN MARK SWISS FRANC + 0 + 0 FRENCH FRANC JAPANESE YEN 1980 1982 1980 1982
CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER FINE OUNCE U.S. DOLLARS PER FINE 800 750 700 50 00 550 500.5 Kg BARS AFTERNOON FIXING PRICE 450 400 350 300 250 200 150 100 1979 1980 1981 1982
CHART 4 CALL MONEY RATES WEEKLY SERIES PERC 28 T PER ANNUM PERCENT PER ANh 24 20 U. S. FEDERAL FUNDS U. K. 2DAY LOCAL AUTHORITY 15 8 4 24 20 1 8 4 EUROSWISS FRANC ^Ai I f\ I M" fwvv i v y. CAN, NETHEF (LANDS + 0 I I I I I I I I I I I IIIMIIIIM 24 20 1 FRANCE GERMANY JAPAN EURODM 1980 1982 1980 1982
CHART 5 3MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 20 U. S. CD' S 20 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING 2 20 22 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 18 14 10 1 JAPANESE BANK LOAMS AND DISCOUNTS 8 SWISS INTERBANK RATE 4 1980 1982 1980 1982
CHART EURODOLLAR DEPOSIT RATES AVERAGES FOR WEEK ENDING WEDNESDAY LONDON 24 r PER ANNUM PERCENT PER ANN 20 1 8 OVERNIGHT 3MONTH 4 24 20 1 8 7DAY MONTH 4 24 20 1 1MONTH 1YEAR 1980 1982 1980 1982
^ * # # # # # # CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUSH, FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 2 PERCENT PER ANNUM 2 22 3MONTH EURODOLLAR DEPOSITS 22 FEDERAL FUNDS 18 18 14 14 10 OVERNIGHT EURODOLLAR DEPOSITS I VW r 90DAY CD S 10 I l l I l I I I I I I I I I I I l l I l I n 3 2 w V u v I i/t fk/fu j l y v j w i V ' I OFFER ENTIAL w ^ ^ V v v V DFFER ENTIAL 1 1 2 3 I I I I I I I I I I I I I I 11111111111 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1980 1982 1980 1982 4 1 PERCENT F DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
PERCENT PER ANNUM 28 CHART 8 INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM EURODOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 20 INTERBANK STERLING COVERED LONDON 1 1 I I I I I I I I I I I I I I I I DIFFERENTIAL Ia" Jl V /j w y / I I l h J I i v y / u. S. COMMERCIAL PAPER I I I I I I I III I I I I I DIFFERENTIAL v 1 \U v i 4 2 (\ [ An a^ ' i l l ~ l I I I I I i I I I I I I I I I I INTERBANK DM COVERED FRANKFURT EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE DIFFERENTIAL A. > 'Vw^ / V v DIFFERENTIAL, Aj VA. A /VAJLA.AAI/AAMvsa > / W^Vvz~vA v u / v \ y *v Y^*\h/ rwk k/ / \T ' I 1 1 1 1 i i i iiiiiiiniii litiiiiiiii 1980 1982 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE i, I i I I 1 1 ill111iiiti 1 1 I 1111 11 1 U 1980 1982
CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES :NT PER ANNUM PERCENT PER Ah 19 U. S. CORPORATE MONTHLY 19 15 UNITED STATES Aaa BONDS / S A Y>. 15 11 11 7 15 EURODOLLAR BONDS I I I I I I I I ill I I I I MIMIMIII 7 9 UNITED KINGDOM SWITZERLAND 11 5 7 lllllllllll (l~ 1 13 MONTHLY 13 JAPAN 9 9 GERMANY 5 5 22 22 18 CANADA FRANCE 18 14 14 10 10 NETHERLANDS 1980 1982 1980 1982
CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 199= 180 RATIO 10 140 0 100 UNITED STATES 80 140 0 100 80 140 0 UNITED KINGDOM FRANCE \ Vv GERMANY /V /x/ I I I i i i SWITZERLAND 100 80 w 140 0 100 NETHERLANDS CANADA 80 0 1980 1982 1980 1982
SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE SATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK NOV. 3 39.10 JAPANESE YEN NOV. 3 0.3102 DUTCH GUILDER NOV. 3 35. 99 U.K. POUND NOV. 3 17.92 CANADIAN DOLLAR NOV. 3 81.4 FRENCH FHANC NOV. 3 13.85 SWISS FRANC NOV. 3 45. 40 BELGIAN FRANC NOV. 3 2.0224 ITALIAN LIRA NOV. 3 0.0834 INDICES, MARCH 1973 BASE RATES =100 GERMAN MARK NOV. 3 109.98 JAPANESE YEN NOV. 3 94. 53 DUTCH GUILDER NOV. 3 103.32 U.K. POUND NOV. 3 7. 92 CANADIAN DOLLAR NOV. 3 81.37 FRENCH FRANC NOV. 3 2.43 # SWISS FRANC NOV. 3 14.0 BELGIAN F3ANC NOV. 3 79.9 ITALIAN LIRA NOV. 3 38.82 WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G10 COUNTRIES PLUS SWITZERLAND) # U.S. DOLLAR NOV. 3 4.0 GERMAN MARK NOV. 3 137. 83 JAPANESE YEN NOV. 3 113.98 DUTCH GUILDER NOV. 3 4.1 NOV. 3 7898 U.K. POUND CANADIAN DOLLAR NOV. 3 9.50 FRENCH FRANC NOV. 3 71.73 SWISS FRANC NOV. 3 17.44 BELGIAN FRANC NOV. 3 94.49 ITALIAN LIRA NOV. 3 43.51 SWEDISH KRONA NOV. 3 9.8 # CHART 2. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR NOV. 3 1.82 U.K. POUND NOV. 3 0.84 GERMAN MARK NOV. 3 2.90 s & FRENCH FRANC NOV. 3 9.89 1 W SWISS FRANC NOV. 3.45 DU3CH GUILDER NOV. 3 3.35 JAPANESE YEN NOV. 3 2.9 ITALIAN LIRA NOV. 3 11.35
SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE NOV. 3 425.45 CHART 4. CALL MONEY RATES U,S. FEDERAL FUNDS OVERNIGHT EURODOLLAR DEPOSITS U.K. 2DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURODM JAPAN FRANCE NETHERLANDS EUROSWI S FRANC NOV. NOV. OCT. OCT. OCT. OCT. OCT. 3 3 29 15 29 22 29 OC2. 29 JAN. 1 OCT. 22 9. 43 9.5 10.25 13.73 7.00.97. 98 13.3 40.30 1.13 CHART 5. 3MONTH INTEREST RATES U.S. 90DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS DISCOUNTS CANADIAN FINANCE PAPER INlisRBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G10 COUNTRIES PLUS SWITZERLAND) NOV. 3 9.03 NOV. 3 7.2 NOV. 3 7.0 NOV. 3 11.5 NOV. 3 9.38 NOV. 3 3.52 NOV. 3 9.38 CHART. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7DAY 1MONTH 3MONTH MONTH 1YEAR NOV. 3 9. 5 NOV. 3 9.59 NOV. 3 9.59 NOV. 3 9.81 NOV. 3 10.03 NOV. 3 10.39 CHART 7. SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURODOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS 3MONTH EURODOLLAR DEPOSIT RATE U.S. 90DAY CD'S, SECONDARY MARKET DIFFERENTIAL NOV. 3 9. 5 NOV. 3 9.43 NOV. 3 0.13 NOV. 3 9.81 NOV. 3 9.03 NOV. 3 0.84
SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3MOflTH FUNDS EURODOLLAR DEPOSIT INTERBANK STERLING DIFFERENTIAL (LONDON*, COVERED NOV. 3 9.81 NOV. 3 10.23 NOV. 3 0.42 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL EURODOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. 3 8.79 NOV. 3 9.9 NOV. 3 0.90 NOV. 3 9.81 NOV. 3 10.21 NOV. 3 0.40 EURODOLLAR DEPOSIT NOV. 3 9. 81 SWISS INTERBANK, COVERED NOV. 3 10. 03 DIFFERENTIAL NOV. 3 0, 22 I. LONG TERM GOVERMENT BOND YIELDS UNITED STATES OCT. 29 10. 87 GERMANY OCT. 22 8. 0 JAPAN (MONTHLY) JULY 8. 34 SWITZERLAND OCT. 15 4.34 CANADA OCT. 15. 40 FRANCE SEPT. 10 15.77 NETHERLANDS JAN. 1 11. UNITED KINGDOM OCT. 29 9.,59 U.S. CORPORATE AAA BONDS SEPT..94 EURODOLLAR BONDS AUG. 13.04 CHART 10. STOCK INDICES UNITED SPATES OCT. 27 139.52 UNITED KINGDOM OCT. 27 132.48 CANADA OCT. 27 17.21 GERMANY OCT. 27 100.73 SWITZERLAND OCT. 27 88.17 NETHERLANDS OCT. 27 87.20 FRANCE OCT. 27 100.22 JAPAN OCT. 27 143.85
#, FEDERAL RESERVE statistical release ofco^ [[[[ # % H. 10(5) FOREIGN EXCHANGE RATES NOVEHBEE 8, 1982 FOB THE WEEK ENDING NOVEMBER 5, 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 MONETARY (CURRENCY UNITS PER DOLLAR 1 UNIT NOV. 1 NOV. 2 NOV. 3 NOV. 4 NOV. 5 ARGENTINA PESO 39200.00 39200.00 39200.00 39200.00 *AUSTRALIA DOLLAR 93.58 93.52 93.33 93.42 AUSTRIA SCHILLING 18.010 17.930 18.00 18.050 BELGIUM FRANC 49.320 49.410 49.910 49.940 BRAZIL CRU2EIRO 221.73 221.73 221.73 225.1 CANADA DOLLAR 1.2245 1.2219 1.2229 1.2230 CHILE PESO 8.050 8.050 8. 050 8. 270 CHINA, p.a. YUAN 2.004 2.004 2.004 2.004 COLOMBIA PESO 7.40 7.40 7.540 7. 810 DENMARK OONE 8.9500 8.950 9.0325 9.0450 FINLAND MARKKA 5.5175 5. 50 5. 53 85 5.5440.FRANCE FRANC 7.1975 7.2050 7.290 7.2700 GERMANY D. MARK 2.5525 H 2.5575 2.570 2.5790 GREECE DRACHMA 72.700 72.550 73.200 73.150 HONG KONG DOLLAR.8300.000.900.800 INDIA RUPEE 9.700 0 9.7100 9.7500 9.7500 INDONESIA RUPIAH 7.50 7.50 7.50 7.50 IRAN RIAL NA NA NA NA "IRELAND POUND 133.45 L 133.15 132.10 131.90 ISRAEL SHEKEL 30.40 30.80 31.070 31.150 ITALY LISA 140.00 143.00 1477.50 1479.00 JAPAN YEN 27.90 I 27.52 277.5 275.80 MALAYSIA DOLLAR 2.320 2.310 2.350 2.35 MEXICO PESO 1.0000 115.0000 130.0000 132.0000 NETHERLANDS GUILDER 2.7730 D 2.7800 2.8020 2.8040 "NEW ZEALAND DOLLAR 70.800 70.850 70.00 70.700 NORWAY KRONE 7.2300 7.2425 7.3000 7.3000 PERU SOL 852.11 A \ 852.11 852.11 8.52 PHILIPPINES PESO 8.8370 8.8370 8.8370 8.850 PORTUGAL ESCUDO 91.000 91.000 91.400 91.50 SINGAPORE DOLLAR 2.2170 Y 2.2110 2.2180 2.210 'SOUTH AFRICA RAND 85.70 85.90 8.35 8.0 SOUTH KOREA WON 745.05 745.05 74.15 745.55 SPAIN PESETA 117.70 117.100 118.200 118.400 SRI LANKA RUPEE 20.910 20.910 20.910 20.950 SWEDEN KRONA 7.4325 7.4550 7.4950 7.502 5 SWITZERLAND FRANC 2.1910 2.2000 2.2220 2.2180 THAILAND BAHT 23.000 23.000 23.000 23.000 'UNITED KINGDOM POUND 18.25 17.95 1.5 1.25 VENEZUELA BOLIVAR 4.3000/ 4.3000 4.3000 4.3000 * VALUE IN U.S. CENTS