Historical Year Data · 1983

Federal Funds Rate in 1983

Federal Funds Rate opened 1983 at 8.68% and closed at 9.47%, a +9.10% move for the year. The high of 9.56% was reached on August 1, and the low of 8.51% on February 1.

Open

8.68%

1983-01

9.47%

12 data points

High

9.56%

Aug 1

Low

8.51%

Feb 1

Full Year Change

+9.10%

1982 Change

-32.30%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	8.68%	8.68%	8.68%	8.68%	+0.00%
Feb	8.51%	8.51%	8.51%	8.51%	+0.00%
Mar	8.77%	8.77%	8.77%	8.77%	+0.00%
Apr	8.80%	8.80%	8.80%	8.80%	+0.00%
May	8.63%	8.63%	8.63%	8.63%	+0.00%
Jun	8.98%	8.98%	8.98%	8.98%	+0.00%
Jul	9.37%	9.37%	9.37%	9.37%	+0.00%
Aug	9.56%	9.56%	9.56%	9.56%	+0.00%
Sep	9.45%	9.45%	9.45%	9.45%	+0.00%
Oct	9.48%	9.48%	9.48%	9.48%	+0.00%
Nov	9.34%	9.34%	9.34%	9.34%	+0.00%
Dec	9.47%	9.47%	9.47%	9.47%	+0.00%

Events During 1983

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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