Selected Interest & Exchange Rates

Transcription

1 5 H H o (516/517) ^ W : MAY oi ^ ^ Selected Interest & Exchange Rates Weekly Series of Charts % May 17, 1982 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 551

2 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES H.1 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3MONTH FORWARD EXCHANGE RATES 3. GOLD PRICELONDON. CALL MONEY RATES 5. 3MONTH INTEREST RATES 6. EURODOLLAR DEPOSIT RATES 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3MONTH FUNDS 9. LONGTERM GOVERNMENT BOND YIELDS 1. INDUSTRIAL STOCK INDICES SUBSCRIPTION RATES: Weekly $15. per year or $. each in the United States, its possessions, Canada, and Mexico; 1 or more of the same issue to one address, $13.5 per year or $.35 each. Elsewhere, $. per year or $.5 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.

3 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=1 RATIO SCALE MARCH 1973=1 1 U.K. POUND 8 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN GERMAN MARK FRENCH FRANC SWISS FRANC BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA % CANADIAN DOLLAR

4 CHART 2 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY 6 :ENT PER ANNUM PERCENT PER AL + 6 CANADIAN DOLLAR ITALIAN LIRA Y "V /V, iilii hili i U. K. POUND DUTCH GUILDER GERMAN MARK SWISS FRANC / L + "VaaaJ V 6 FRENCH FRANC r I JAPANESE YEN i i i! 111M

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY.LARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE Kg BARS AFTERNOON FIXING PRICE I I I I I I I I I I 1981 I I I I I I I

6 CHART CALL MONEY RATES WEEKLY SERIES CENT PER ANNUM PERCENT PER ANNUM 28 2 U. S. FEDERAL FUNDS u. K. 2DAY LOCAL AUTHORITY ah " A J ^ 16 INN CANADA EUROSWISS FRANC NETHERLANDS FRANCE GERMANY JAPAN EURODM

7 CHART 5 3MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER Ah U.S. CD'S 16 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING 8 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 16 8 JAPANESE BANK LOANS AND DISCOUNTS 8 SWISS INTERBANK RATE

8 CHART 6 EURODOLLAR DEPOSIT RATES LONOON AVERAGES FOR WEEK ENDING WEDNESDAY 2 ENT PER ANNUM PERCENT PER AL 16 8 OVERNIGHT 3MONTH DAY 6MONTH MONTH 1YEAR

9 CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PER 26 ^T PER ANNUM PERCENT PER ANNUM MONTH EURODOLLAR DEPOSITS FEDERAL FUNDS OVERNIGHT EURODOLLAR DEPOSITS 9DAY CD S 6 3 I I I I I I! I I I DEFERENTIAL DFFEPENTIAL PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I I I I I I I I

10 CHART 8 INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 28 PERCENT PER ANNUM 28 EURODOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON S. COMMERCIAL PAPER 2 2 DIFFERENTIAL DIFFERENTIAL INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE 2 DIFFERENTIAL DIFFERENTIAL

11 CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM 19 U. S. CORPORATE MONTHLY PERCENT PER ANNUM UNITED STATES Ma A## BONDS EURODOLLAR BONDS I I I XAA A HK \J UNITED KINGDOM V SWITZERLAND 5 7 ~ MlMh.lM 1 13 MONTHLY JAPAN GERMANY 18 CANADA. i FRANCE '# I I I NETHERLANDS

12 CHART 1 INDUSTRIAL STOCK INDICES WEEKLY SERES RATIO 1969= UNITED STATES JAPAN 8 1 SWITZERLAND 1 8 UNITED KINGDOM lull! 1 FRANCE GERMANY 1 Xx v vx A yva. AAX r 8 I I I 1 1 NETHERLANDS CANADA

13 SERIES NAME LAST VALOE PLOTTED DATE VALUE ART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK MAY 3.67 JAPANESE YEN MAY.2866 DUTCH GUILDER MAY U.K. POUND MAY CANADIAN DOLLAR MAY 81.1 FRENCH FRANC MAY 16.7 SWISS FRANC MAY 52.f9 BELGIAN FRANC MAY ITALIAN LIRA MAY.7856 INDICES, MARCH 1973 BASE RATES = 1 GERMAN MARK MAY 2.6 JAPANESE YEN MAY 1.2 DUTCH GUILDER MAY 1.71 U.K. POUND MAY 7. CANADIAN DOLLAR MAY 81.1 FRENCH FRANC MAY 75.2 SWISS FRANC MAY BELGIAN FRANC MAY 91. ITALIAN LIRA MAY.63 WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 1 (G1 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR MAY GERMAN MARK MAY JAPANESE YEN MAY 3.69 DUTCH GUILDER MAY 3.6 U.K. POUND MAY CANADIAN DOLLAR MAY 86.5 FRENCH FRANC MAY SWISS FRANC MAY BELGIAN FRANC MAY ITALIAN LIRA MAY 5.5 SWEDISH KRONA MAY 82.6 ^:Hi&T 2. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR MAY.88 U.K. POUND MAY 1.,6 GERMAN MARK MAY FRENCH FRANC MAY 7.36 SWISS FRANC MAY 1.9 DUTCH GUILDER MAY JAPANESE YEN MAY 7.,56 ITALIAN LIRA MAY 9. 3

14 LAST VALUE PLOTTED SERIES NAME DATE VALUE 3. GOLD PRICE IN LONDON, AFTERNOON FIXING e U.S. DOLLARS PER FINE OUNCE MAY CALL MONEY RATES U.S. FEDERAL FUNDS MAY 1' 1.97 OVERNIGHT EURODOLLAR DEPOSITS MAY 15. U.K. 2DAY LOCAL AUTHORITY DEPOSITS MAY 7.5 CANADA MAY GERMANY MAY 7 9. EURODM APRIL e JAPAN MAY FRANCE MAY NETHERLANDS JAN EUROSWISS FRANC APRIL # 5. 3MONTH INTEREST RATES e U.S. 9DAY CD'S, SECONDARY MARKET MAY GERMAN INTERBANK LOAN MAY 9.13 JAPANESE BANK LOANS & DISCOUNTS MAY 7.16 CANADIAN FINANCE PAPER MAY e INTERBANK STERLING MAY 13.1 SWISS INTERBANK LOAN MAY 3.7 WEIGHTED AVERAGE FOREIGN INTEREST RATE MAY 11.7 (G1 COUNTRIES PLOS SWITZERLAND) CHART 6. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT MAY 15. 7DAY MAY MONTH MAY MONTH MAY 1.3 6MONTH MAY YEAR MAY 1.13 CHART 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET BATES OVERNIGHT EURODOLLAR DEPOSITS MAY 15. U.S. FEDERAL FUNDS MAY 1.97 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MAY.23 3MONTH EURODOLLAR DEPOSIT RATE MAY 1.3 U.S. 9DAY CD'S, SECONDARY MARKET MAY DIFFERENTIAL MAY.61

15 LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART 8. INTEREST ARBITRAGE, 3MCNTH FUNDS EURODOLLAR DEPOSIT MAY 1. 3 INTERBANK STERLING (LONDON), COVERED MAY 1.,75 DIFFERENTIAL MAY.,32 U.S. COMMERCIAL PAPER MAY CANADIAN FINANCE PAPER, COVERED MAY 1.,39 DIFFERENTIAL MAY.,88 EURODOLLAR DEPOSIT MAY 1.3 INTERBANK DM (FRANKFURT), COVERED MAY 15.,17 DIFFERENTIAL MAY., 75 EURODOLLAR DEPOSIT MAY 1..3 SWISS INTERBANK, COVERED MAY 1..7 DIFFERENTIAL MAY..27 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES MAY GERMANY APRIL 23 8.,82 JAPAN (MONTHLY) MARCH 7.,56 SWITZERLAND APRIL 23 5.,5 CANADA MAY 7 1.,75 FRANCE MARCH NETHERLANDS JAN , UNITED KINGDOM MAY 7.,1 U.S. CORPORATE AAA BONDS APRIL 1.6 EURODOLLAR BONDS MARCH.96 CHART 1. STOCK INDICES UNITED STATES MAY 5.96 UNITED KINGDOM MAY CANADA MAY GERMANY MAY SWITZERLAND MAY NETHERLANDS MAY FRANCE MAY JAPAN MAY

16 FEDERAL RESERVE statistical release H.1(5) FOREIGN EXCHANGE RATES FOR THE WEEK ENDING tlai 1, 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: MAY 1, 1982 COUNTRY 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 SRI LANKA SWEDEN SWITZERLAND THAILAND UNITED KINGDOM VENEZUELA MONETARY UNIT MAY 1 PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D. MARK 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 NA CURRENCY UNITS PER DOLLAR) MAY 11 MAY MAY 13 MAY 1ft NA NA NA NA VALUE IN U.S. CENTS