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( 5 1 6 / 5 1 7 )
u!?sSU »*»*
Selected Interest & Exchange Rates Weekly Series of Charts
i December 2 7 , 1 9 8 2
Prepared by the FINANCIAL MARKETS SECTION
DIVISION OF INTERNATIONAL FINANCE
BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Table of Contents
TABLES
1. LATEST FIGURES PLOTTED
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
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, 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
U H A R T 1
SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO S C A L E MARCH 1 9 7 3 = 1 0 0
RATIO S C A L E MARCH 1 9 7 3 = 1 0 0
160
140 FOREIGN CURRENCY PRICE OF U.S. DOLLAR
-
120 -
100 — / -
80 M I M I M I M
UK. POUND
GERMAN MARK
JAPANESE YEN
SWISS FRANC
. 180
-DUTCH GUILDER
- 160
- 140
- 120
" i i i I I I
, y nil HmTm"
100
CANADIAN DOLLAR
FRENCH FRANC
ITALIAN LIRA BELGIAN FRANC
1980 1982 1980 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
6
+ 0
6
6
+ 0
6
12
12
6
0
6
• 0
6
12
CHART 2
3-MONTH FORWARD EXCHANGE RATES PREMIUM (• ) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
- ITALIAN LIRA —
I I I Y \(YV/V^ CANADIAN DOLLAR
U. K. POUND
DUTCH GUILDER
SWISS FRANC GERMAN MARK
FRENCH FRANC
JAPANESE YEN
1980 1982 1980 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
U.S. D
800
750
700
650
600
550
500
450
400
350
300
250
200
150
100
600
750
700
650
600
550
500
450
400
350
300
250
200
150
100
PER FINE OUNCE
CHART 3
PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE
12.5 Kg BARS AFTERNOON FIXING PRICE
i i I i i I i i I i i I i i I i i I i i
1979 1980 1981 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
28
24
20
16
12
8
4
24
20
16
12
8
4
0
24
20
16
12
8
4
0
CHART 4
CALL MONEY RATES WEEKLY SERIES
SIT PER ANNUM PERCENT PER AL
U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY
EURO-SWISS FRANC
FRANCE
JAPAN
-
CAN
I n I j]fA~
NETHEF (LANDS
r \
1 1 1 I I I | | | | | | | I | I I i i i i i i i i i i i
GERMANY
EURO-DM
1980 1982 1980 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
20
16
12
8
4
26
22
18
14
10
6
16
12
8
4
20
16
12
8
4
20
16
12
8
4
0
12
8
4
0
CHART 5
3-MONTH INTEREST RATES WEEKLY SERIES
:NT PER AN MUM PERCENT PER Ah
U.S. CD S
WEIGHTED AVERAGE FOREIGN RATE
U.K. INTERBANK STERLING
CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE
I I I I I I
JAPANESE BANK LOANS AND DISCOUNTS
SWISS INTERBANK RATE
1980 1982 1980 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
24
20
16
12
8
4
24
20
16
12
8
4
24
20
16
12
8
4
CHART 6
EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY
PER ANNUM PERCENT PER
OVERNIGHT 3-MONTH
7-DAY
1-MONTH 1-YEAR
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e ^ » e e # e e # t # • • C H A R T 7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+), FAVORS BOBROWNG IN U. S.
AVERAGES FOR WEEK ENOMG WEDNESDAY PERCENT PER ANNUM
PERCENT PER ANNUM
— I 26 26
3-MONTH E U R O - D O L L A R D E P O S I T S 22
22
FEDERAL FUNDS
V V
r 90-DAY CD' S I OVERNIGHT
E U R O - D O L L A R D E P O S I T S
3 3
2
1
+ 0
1
DIFFERENTIAL 2
3
4
1960 1962 1 P E R C E N T O N 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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PERCENT PER ANNUM
28
2 0 -
12
2
28
2 0 -
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
12 -
EURO-DOLLAR DEPOSITS DASHED LINE
INTERBANK STERLING COVERED LONDON
Jul 11II 11 III
DIFFERENTIAL
ill
INTERBANK DM COVERED FRANKFURT
EURO-DOLLAR DEPOSITS DASHED LINE
I II I I I I I II I I
-
j
DIFFERENTIAL
A
I I r i f
1980 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 RATE S C A L E
PERCENT PER ANNUM
28
—
CANADIAN FINANCE CO. PAPER, COVERED
—
/ A
7/ v A /
^ —V V "X.
1 / V
v y 1 v l l
\\l\ -
\ U. S. COMMERCIAL PAPER
I I I 11111111111
SWISS INTERBANK (SF) COVERED
EURO-DOLLAR DEPOSITS DASHED LINE
20
12
— DIFFERENTIAL —
y u 1 1 1
l Y x W v v ^
4
28
20
12
DIFFERENTIAL 2
+ 0
11 III h i l l I 2
1980 1982 #r
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
19
15
11
7
15
11
7
13
9
5
22
18
14
10
6
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES
ENT PER ANNUM PERCENT PER AL
UNITED STATES
UNITED KINGDOM
MONTHLY
JAPAN
CANADA
I n l i i l i i l i i l n l
U. S. CORPORATE MONTHLY
— Aaa BONDS / \ f \ —
-
- A / -
I I I
EURO-DOLLAR BONDS ~
— SWITZERLAND —
1 1 1 I I I
—
GERMANY
FRANCE
NETHERLANDS
1980 1982 1980 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RATIO : 1 9 6 9 = '
180
160
140
120
100
80
140
120
100
80
140
120
100
80
140
120
100
80
60
CHART 10
INDUSTRIAL STOCK INDICES WEEKLY SERIES
CALE
UNITED STATES
UNITED KINGDOM
FRANCE
RATIO 19c
JAPAN
\ GERMANY -
Vv I I I
4 Z ^
i i i
y v zx/1
i l l i i h i l i i
SWITZERLAND
CANADA NETHERLANDS
I 11 II LiJ
1980 1982 1980 1982
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
# SEBIES NAME
CHABT 1- SPOT EXCHANGE SATIS AND INDICES
LASS? VALUE fLQTTED DATE VALUE
WEEKLY AVEBAGES, NOON BOXING BATES .((US. CENTS)
GEBjULN MASK JAPANESE YEN DUTCH GOILDEB U.K. BOUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN IBANC ITALIAN LIBA
INDICES# HAfiCfl 1973 BASE BATES = 100
GEBHAN MBK JAPANESE YEN DUTCH GUXLDEB U- K- POUND CANADIAN DOLLAB FRENCH FBANC SWISS FBANC BELGIAN IBANC ITALIAN IlLBA
WEIGHTED AVEBAGE EXCHANGE VALUE INDICES, MAS 1973 (G-10 COUNTBIES PLUS SWITZERLAND)
U . S . DOLXAB GESMAN MABK JAPANESE YEN DUTCH GUXLDEB U.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIBA SWEDISH KBONA
DEC. 22 DEC, 22 DEC, 22 DEC. 22 DEC. 22 DBC. 22 DEC. 22 DEC. 22 DEC. 2 2
4 1 . 4 4 0 .4117.1
3.7.50 160 .84 80.81 1,4.62 4 , 9 . J12 2.112211 flu 07.158
DBC. 2 2 116,. 57 DEC. 2 2 .107. 80 DEC, 2 2 102 . 66 DEC. 22 6 5 . 05 DEC. 22 8=0. 54 DEC., 2 2 6 5 . 90 DEC. 2 2 158 . 02 DEC. 22 8 3 . 23 DBC. 22 * 0 . 66
100
DEC. 22 J119.J17 DEC., 22 1 4 1 . 6 9 DEC. 22 1 2 6 . 9 5 DBC. 22 1 2 5 . 4 3 DEC. 22 7 2 . 4 5 DEC. 22 9 1 . 8 9 DEC. 22 73., 27 DEC. 22 184 .54 DEC. 22 9 5 . 3 2 DEC. 22 4 4 . 0 4 DBC. 22 6 8 . 2 1
CHABT 2 . 3-HONTH FOBWARD EXCHANGE BATES, PBEMIUM OB DISCOUNT
CANADIAN DOLLAB D B C - J * ^ U.K. BOUND D B C » %% G3BMAN MABK D E C " FBENCH FBANC D B C - § t
5£ i -All e
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SEPIES NAZIS
CHAM 3* GOLD PRICE IN LONDON, AFTERBOOB FIXING
U . S . DOLLARS PER FINS OUNCE
CHART 4 . CALL HONEY RATES
(JUS.. FEDERAL FUNDS OVERNIGHT EURO* DOLLAR DEPOSITS 0L.K. 2-D&Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DH -JAPAN FRANCE HE2'HERLANDS EURO—SWISS FRANC
CHART 5 . 3-MONTH INTEREST RATES
S . 9 0 - M Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CAJSAOIAJ8 FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN XNTERES3 BATE
(G-10 COUNTRIES PLUS SWITZERLAND)
LAST VALUE PLOTTED DATE VALUE
DEC, 22 44JL.40
DEC. 22 4 . 6 9 DEC. 22 8 . 63 DSC, 24 1 a . 63 DEC, J 7 10 .64 DEC., 24 6 . 0 0 DEC. 17 5 . 6 9 DEC. 24 6 . 8 8 DSC. 24 U . 8 8 JAN. 1 1 4 . 3 0 DlC. 17 1 .27
DEC. 22 8„ 64 DSC. 22 6 . 5 4 DEC, 22 7*09 DSC., 22 1 0 . 2 9 DEC. 22 1<L 80 DEC, 22 3 . 9 5 DEC. 2 2 19.10
#
CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDOM
OVERNIGHT DSC. 22 8 , 6 3 7-DAI DEC. 22 8 . 8 8 1-MCBTH DtiC. 22 9 . 4 4 3-MONTH DEC. 22 9 . 5 6 6-MONTH DEC* 22 9 . 7 8 1-YEAR DEC. 22 9 . 9 1
CHART 7 . SELECTJBD EURO-DOLLAR AND U . S . MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS
3-MONTH EUBO-DOLLAR DEPOSIT RATE UiS . SO-DAY CD'S , SECONDARY MARKET DIFFEREBTI&L
DEC. 22 8 . 6 3 DEC. 22 8 . 6 9 DEC. 22 -41. 06
DEC. 22 9 . 5 6 DEC. 22 8 . 6 4 DEC, 22 0 . 9 2
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# SBBIBS NAflE
CHABT 8» INTEREST ARBITRAGE, 3-HONTH FUNDS
LAST YALOB PLOTTED DAM YALOB
EURO—DOLLAR DEPOSIT DEC. 22 9 . 5 6 INTEfiBABE STERLING (LONJ)ON) , COVERED DEC. 2.2 , 9 .55 DIFFERENTIAL DEC. 22 0 . 0 1
U . S . COHHERCIAL PAPER DEC. 22 a . *8 CANADIAN FINANCE PAPBB, COVBBBD DEC, 22 =9.32 DIFFBBBNTIAL DEC- 22 - 3 . 8 4
EOEO-DPX1AB DEPOSIT DEC. 22 .9 .56 INTERBANK DH (FRANKFURTJ, COVBBBD DEC. 22 .9 .84 DIFFERENTIAL DEC. 22 - 4 . 2 8
EURO-DOLAAR DEPOSIT DEC- 22 9 . 5 6 S U S S INTERBANK, COVBBBD DEC. 22 9 - 6 5 DIFFERENTIAL DBC. 22 - 4 . 0 8
9 . LONG TBBfl GOVBRHENT BOND YIELDS
UNITED STATES DEC- 34 1 0 . 5 6 GERMANY DEC. 17 2 . 8 8 JAPAN (H0NTHLI) HQY„ 8 . 1 3 SMITZBBLAMD NQV. 2 6 A. 27 CANADA DBC. 17 1 1 . 9 9 FRANCE OCT. 8 1 5 . 3 0 NETHERLANDS JAN. 1 1 1 . 4 2 UNITED KINGDOM DBC. 1/7 1 0 . 87
S - COBPOBATB
AAA BONDS NOV, 1 1 . 8 8 EOBO-DOL1AB BONDS OCT. 1 1 . 6 3
10., STOCK INDICES
UNITED STATES DBC. 22 1 4 3 . 6 1 UNITED KINGDOM DBC. 22 4 3 0 . 4 6 CANADA DBC. 22 1 8 5 . 4 3 GEBHANY DBC. 22 1 0 1 . 5 3 SNITZBBLAND DBC. 22 9 3 . 7 3 NETHERLANDS DEC. 22 9 9 . 5 7 FRANCE DBC. 22 i o a . 2 2 JAPAN DBC. 21 . 152 ,52
%
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# FEDERAL RESERVE statistical release mi
H. 10 (512J FOREIGN EXCHANGE RATES DiCJBHBIB 29, 1985
tQB THE USEE BNDING S50BMBBB 2 4 , 1 9 8 2
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:
COOHTBI MONETAEX
UNIT [CDfiBEBCI OBXa IS PBB DC1LAB1
COOHTBI MONETAEX
UNIT DEC. 2 0 DEC. 2 1 DEC. 2 2 DEC. 2 3 DEC. 2 4
ABGEMXXNA PBSQ 4 3 8 4 0 . 0 0 4 3 8 4 0 * 0 0 4 3 8 4 0 . 0 0 4 3 8 4 0 . 0 0 4 3 8 4 0 . 0 0 •AOSTBALIA DOLLAJB 9 6 , 7 2 9 6 . 9 8 9 7 - 1 8 9 7 . 1 7 9 7 . 4 0
AUSTRIA SCHILLING 17-0 .20 * 6 . 9 3 0 1 6 . 9 2 0 1 6 . 9 0 0 1 6 . 8 5 Q BELGIUM PBAMC 4 7 . 2 2 0 4 7 . 1 0 0 4 6 . 9 6 0 <46.910 4 6 . 8 4 4 BBAZ1L CBOZEIBO 2 4 4 . 8 6 2 4 8 . 8 2 2 4 8 . 8 2 2 4 8 . 8 2 2 4 8 . 8 2 CANADA DOLLAB 1 * 2 3 6 1 1 . 2 3 7 4 1 . 2 3 2 6 1 * 2 3 8 8 1 . 2 4 0 8 CHILE PESO 7 2 . 2 5 0 7 . 2 . 2 5 0 7 2 . 2 5 0 7 2 . 2 5 0 7 2 . 2 5 0 CHINA, P - B - XUAM 1 . 9 3 7 2 1 . 9-372 1 . 9 3 7 2 1 . 9 3 7 2 1 . 9 3 7 2 COLOMBIA PESO 6 9 . 6 8 0 6 9 , 6 8 0 6 9 . 8 7 0 6 9 * 8 7 0 6 9 . 8 7 0 PENHABK KB01B 8 . 5 2 0 0 8 . 4 7 2 5 8 . 4 9 0 0 8 . 4 5 0 0 8 . 4 5 5 0 FINLAND HASX&A 5 . 3 4 8 0 5 . 3 3 3 0 5 . 3 2 5 0 5 - 3 2 3 0 5 . 3 3 0 0 tUhUCB FBAMC 6 . 8 4 0 0 6 . 8 1 5 0 6 . 8 1 7 5 6 . 8 0 5 4 6 - 7 8 0 . 0 GBBMiAMI D. MABK 2 . 4 9 7 5 2 . 4 0 7 0 2 . 4 0 5 0 2 . 3 9 5 5 2 . 3 9 0 0 GREECE OBACHMA 7 , 0 . 7 5 0 70., 8 5 0 7 0 . 7 5 0 7 1 . 0 Q 0 7 1 . 4 0 0 HONG KOHG DOLLAB 6 . 5 4 0 0 6 . 5 4 0 0 6 . 5 3 0 0 6 . 5 3 0 0 6 . 5 3 0 0 1MDIA BilPBB 9 . 7 3 0 0 9 * 7 3 4 0 9 . 7 3 0 0 . 9 - 7 2 0 0 9 . 7 2 4 4 1HOOHBSIA BOPIAH 6 8 7 . 0 0 6 8 7 . 0 0 6 9 0 . 2 5 6 9 0 . 2 5 6 9 0 . 2 5 IBAH BIAL NA NA MA NA MA
•IBELAMD POUND 1 3 7 . 4 0 1 3 8 . 4 0 1 3 8 . 2 5 1 3 8 . 5 0 4 3 8 - 8 0 1SBAB1 SHEKEB 3 3 . 1 9 0 3 3 . 1 9 0 3 3 . 1 4 0 3 3 . 1 4 0 3 3 - 1 4 0 ITALX LISA 1 3 9 5 . 5 0 3 3 9 3 . 0 0 # 3 8 1 . 4 0 1 3 8 5 - 0 0 1 3 8 6 . 0 0 JAPAN IBM 2 4 4 . 4 5 2 4 2 . 1 0 2 4 0 . 5 0 238a. 10 2 3 8 . 1 0 MALAYSIA DOLLAB 2 . 3 5 9 5 2 . 3 5 9 0 2 . 3 4 6 0 2 - 3 4 7 5 2 - 3 4 7 5 MEXICO PESO 1 4 5 . 0 0 0 0 1 5 3 . 0 0 0 0 1 5 3 . Q 0 0 0 1 6 1 . 0 0 0 0 1 6 4 . 0 0 0 0 MBTHBBLAMDS GOILDBB 2 . 6 7 0 0 2 . 6 6 6 5 2 . 6 5 8 0 2 . 6 5 2 4 2 . 6 4 0 0
**BH ZEALAND DOLLAB 7 2 - 3 7 0 7 2 . 5 5 0 72 . -700 7 2 . 6 7 0 7 2 . 7 0 0 HOBDAI KfiONE 7 . 0 2 0 0 7.. 0 4 7 5 7 . 0 8 0 0 7 . 0 6 7 5 7 . 0 9 2 5 PEBU SOL 9 4 3 . 8 0 9 4 3 . 8 0 9 7 0 . 8 3 9 7 0 . 8 3 9 7 0 . 8 3 P H I L I P P I N E S PESO 9 . 0 7 9 0 9 . 0 7 9 0 9 . Q 9 4 0 9 . 0 9 4 0 9 . 0 9 4 0 POBTOGAL BSCODQ 9 3 . 2 5 0 9 1 . 2 5 0 9 2 . 4 0 0 9 2 - 0 0 Q 9 3 - 0 0 0 . SIMGAPOBE DOLLAB 2 . 1 5 6 0 2 . 1 4 7 0 2.. 1 3 8 0 2 . 1 3 7 5 2 - 1 5 7 5
•SOOTH AEBICA HAND 9 2 . 1 0 9 2 , 1 0 9 2 . 3 5 9 2 - 3 5 9 2 - 3 7 SOOTH 80BBA HOB 7 4 5 . 6 5 7 4 6 . 9 5 7 4 6 - 9 5 7 4 6 . 9 5 7 4 6 . 9 5 SPAIN PESETA 1 2 7 . 9 0 0 1 2 7 . 3 4 0 1 2 7 . 0 3 4 1 2 7 . 0 0 0 1 2 6 - 8 5 0 S B I LANKA BUPBE 2 1 . 1 1 0 2 1 . 1 6 0 2 1 . 1 6 0 2 1 - 1 6 0 2 1 - 160 SWEDE* KBOBA 7 . 3 7 2 5 7 . 3 5 0 0 7 . 3 5 0 0 7 . 3 3 7 0 7 . 3 3 0 0 SWITZERLAND PBANC 2 . 0 . 3 6 0 2 . 0 2 1 0 2 . 0 1 9 0 2 . 0 1 4 0 2 . 0 0 1 0 THAILAND BAHT 2 3 . 0 0 0 2 3 . 0 0 0 23.. 0 0 0 2 3 . 0 0 0 2 3 . 0 0 0
•UNITED KINGBOa POUND 1 6 1 . 0 5 1 6 0 - 4 5 1 6 0 . 7 0 1 5 9 . 5 0 1 6 0 . 0 0 VENEZUELA BOLIVAB 4 . 2 9 7 0 " 4 . 2 9 7 0 4 . 2 9 7 0 4 . 2 9 7 0 4 . 2 9 7 0
* VALUE I S 0 - S - CENTS
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