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(516/517) OF BOSTON Selected Interest & Exchange Rates Weekly Series of Charts April 1 3 , 1 9 8 1 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED 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. 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 CHART 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 T 9 7 3 = 1 0 0 RATIO S C A L E MARCH-1973=100 120 120 U K. POUND 100 100 80 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 60 FRENCH FRANC - - 120 100 " GERMAN MARK " I l — I I | I I | I I | I I 111111111,7 l JAPANESE YEN SWISS FRANC 160 - - — — 160 — 140 - 120 BELGIAN FRANC — 140 120 A Ayv> XA — \ — DUTCH (3UILDER 100 100 " I I I I I I I IIIIIIIIII I I i I n , I , , - 100 100 ITALIAN LIRA 80 60 40 80 60 CANADIAN DOLLAR I I 1979 I I II 40 1981 1979 1981 3/19/81 #1 CHART 2 3 PREMIUM (+> OR •(.-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM - CANADIAN DOLLAR - A A - - ITALIAN LIRA - 24 - - — I I I I I I 11111111111 24 12 DUTCH GUILDER U. K. POUND 1/ - Xa. - 6 - I I 6 I 18 GERMAN MARK SWISS FRANC 1 A if - - 12 — 1 FRENCH FRANC A 1 1 1 1 - 12 - 6 JAPANESE YEN f j - 1 - . , + 0 - i i i 1 1 1979 1 1981 1979 1981 3/19/81 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ L L A R S PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 I I I I I I I I I I I 100 1978 1979 1980 I I I I I I I 100 1981 3/19/81 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Af ENT PER ANNUM 28 28 24 24 U.K. 2-DAY LOCAL AUTHORITY U. S. FEDERAL FUNDS 20 20 16 16 12 12 8 8 4 4 24 24 20 20 16 EURO-SWISS FRANC 16 CANADA 12 12 8 8 NETHERLANDS 4 4 + + 0 0 16 16 FRANCE 12 12 GERMANY 8 8 4 4 EURO-DM 0 0 1979 1981 1979 1981 3/19/81 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER A^ 20 20 U.S. CD'S 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 22 16 18 CANADIAN FINANCE CO. PAPER 12 GERMAN INTERBANK RATE 14 8 10 4 6 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 - Jv - 8 4 4 8 1979 1981 J 1 1979 0 1 1981 3/19/81 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AH ENT PER ANNUM 24 24 3-MONTH OVERNIGHT 20 20 16 16 12 12 8 8 4 4 24 24 6-MONTH 7-DAY 20 20 16 16 12 12 8 8 111llll1111 4 4 24 24 1-MONTH 20 1-YEAR 20 16 16 12 12 8 8 4 4 1979 1981 1979 1981 3/19/81 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 22 22 FEDERAL FUNDS 3-MONTH EURO-DOLLAR DEPOSITS " X/wT -N_ 90-DAY CD* S OVERNIGHT V EURO-DOLLAR DEPOSITS 6 z l 3 2 DIFFERENTIAL DIFFERENTIAL 1 + 0 1 2 3 4 1979 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1981 1979 1981 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PIUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 20 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON I DIFFERENTIAL ~ J V I I i 2 1111 i DIFFERENTIAL — yu — I lull Y I I — : ! Y I 28 - - INTERBANK DM COVERED FRANKFURT 20 - - - V / r 12 . p M ~ v* EURO-DOLLAR DEPOSITS J i i i i i i II I I I I II — EURO-DOLLAR DEPOSITS 111llllll11 DIFFERENTIAL DIFFERENTIAL I 1979 1981 I I 1979 1981 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 R A T E S C A L E 3/19/81 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER- AN 4UM NT PER A N N U M 15 15 — CANADA UNITED STATES 13 r - 13 — U 11 g 9 I I M I I I I I LI 7 " i l l I I 7 I 9 12 - - ia 7 — - SWITZERLAND 8 5 GERMANY 3 6 4 " i i i I I I i i 111 h i l l i u l N l M l , " 1 17 16 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 7 6 14 U. S. CORPORATE 12 JAPAN Aaa BONDS 10 8 13 MONTHLY MONTHLY ' v/ /^ \ / 11 / 9 7 EURO-DOLLAR BONDS 5 6 1979 1981 1979 1981 3/19/81 c CHART 1 0 INDUSTRIAL STOCK INDICES WEEKLY SERES RATIO S C A L E 1969=100 RATIO S C A L E 1969=100 UNITED STATES FRANCE GENERAL INDEX SWITZERLAND UNITED KINGDOM GERMANY . 80 1979 1981 1979 1981 3/19/81 L A S T V A L U E PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT E X C H A N G E R A T E S A N D I N D I C E S WEEKLY A V E R A G E S , NOON BUYING RATES (U.S. CENTS) G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. P O U N D CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA INDICES, MARCH 1973 W E I G H T E D A V E R A G E E X C H A N G E V A L U E I N D I C E S , MAR (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) 1973 = U.S. D O L L A R G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D CANADIAN DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA S W E D I S H KRONA CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR 8 8 8 8 8 8 8 8 8 46.96 0.46836 42.39 219.74 84.43 19.90 51.45 2.84897 0.09435 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 8 8 8 8 8 8 8 8 8 132.11 122.63 121.70 88.88 84. 15 89.68 165.53 112.26 53.60 8 8 8 8 8 8 8 8 8 8 8 97.54 136.29 122.94 120.80 85.91 81.29 86.65 164.59 110.64 50.03 93.46 8 8 8 8 8 8 8 8 -1.83 3.01 2.50 1.24 6.89 4.50 7.66 -4.81 BASE R A T E S = 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA CANADIAN DOLLAR U.K. P O U N D G E R M A N MARK FRENCH F R A N C SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN I T A L I A N LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 100 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL DISCOUNT APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL LAST V A L U E PLOTTED DATE VALUE SERIES NAME CHART 3. GOLD P R I C E IN L O N D O N , A F T E R N O O N U.S. D O L L A R S PER 4. CALL FIXING FINE OUNCE APRIL 8 519. 80 APRIL APRIL APRIL MARCH APRIL MARCH APRIL APRIL MARCH MARCH 8 8 3 20 3 27 3 3 20 27 15. 43 15. 11 11. 13 16. 80 12. 00 11. 85 7. 50 12. 25 9. 75 12. 85 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 8 8 8 8 8 8 8 14. 35 13. 30 7. 27 17. 01 12. 20 8. 00 12. 64 APRIL APRIL APRIL APRIL APRIL APRIL 8 8 8 8 8 8 15. 11 14. 49 14. 95 14. 96 14. 93 14. 73 MONEY R A T E S U.S. F E D E R A L F U N D S O V E R N I G H T E U R O - D O L L A R DEPOSITS U.K. 2 - D A Y LOCAL A U T H O R I T Y D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3 - M O N T H I N T E R E S T R A T E S U.S. 90-DAY CD'S, S E C O N D A R Y M A R K E T G E R M A N I N T E R B A N K LOAN J A P A N E S E BANK L O A N S & D I S C O U N T S C A N A D I A N F I N A N C E PAPER INTERBANK STERLING SWISS I N T E R B A N K LOAN W E I G H T E D A V E R A G E F O R E I G N INTEREST R A T E (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) CHART 6. E U R O - D O L L A R DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. S E L E C T E D E U R O - D O L L A R AND U.S. MONEY M A R K E T F A T E S OVERNIGHT EURO-DOLLAR DEPOSITS U.S. F E D E R A L F U N D S D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S APRIL APRIL APRIL 8 8 8 15. 11 15. 43 —3 2. 00 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y CD'S, S E C O N D A R Y M A R K E T DIFFERENTIAL APRIL APRIL APRIL 8 8 8 14. 96 14. 35 0. 61 SERIES NAME L A S T V A L U E PLOTTED DATE VALUE CHART 8. I N T E R E S T A R B I T R A G E , 3-MONTH F U N D S EURO-DOLLAR DEPOSIT I N T E R B A N K S T E R L I N G (LONDON), C O V E R E D DIFFERENTIAL APRIL APRIL APRIL 8 8 8 14. 96 15. 30 - 0 . 34 U.S. C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL APRIL APRIL APRIL 8 8 8 13. 93 15. 11 - 1 . 18 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL APRIL APRIL APRIL 8 8 8 14. 96 15. 89 - 0 . 92 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL APRIL APRIL APRIL 8 8 8 14. 96 15. 02 - 0 . 06 APRIL MARCH FEB. MARCH MARCH FEB. MARCH MARCH 3 20 13.23 9.98 8.79 5.43 13.05 14.71 10.55 11.25 C H A R T 9. LONG TERM G O V E R M E N T BOND Y I E L D S UNITED S T A T E S GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 13 20 6 20 27 :. C O R P O R A T E CHART 10. I N D U S T R I A L UNITED S T A T E S JAPAN FRANCE UNITED K I N G D O M SWITZERLAND GERMANY STOCK 13.33 6.63 12. 17 MARCH DEC. FEB. AAA B O N D S EURO-DM B O N D S EURO-DOLLAR BONDS INDICES APRIL MARCH MARCH MARCH MARCH MARCH 3 27 6 27 27 20 143.34 350.33 150.80 120.87 74.82 96.08 • oQlS9ysj>\' FEDERAL RESERVE statistical release H.10 (512) 'W" APRIL FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 10, 13, 1981 1981 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 following noon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY MONETARY UNIT APR. AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW Z E A L A N D NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE 2SCUD0 RAND PESETA RUPEE KRONA FRANC POUND 115.4000 6.57895 2.83527 84.1751 14.7384 24.1633 19.6618 46.3714 11.9760 169.3000 0.09333 0.46729 43.3651 4.2008 41.8761 90.2200 18.3823 1.7227 122.8500 1.1446 5.5494 21.3584 50.7872 217.5000 6 APR. 7 (RATE U . S . C E N T S ) APR. 8 115.5800 6.66667 2.78784 84.4167 14.9701 24.2601 20.0120 47.1921 12.0050 171.1000 0.09470 0.46926 43.4028 4.2017 42.5985 90.8000 18.4400 1.7241 123.8000 1.1482 5.5494 21.6638 51.5730 220.3000 115.6500 6.67000 2.86041 84.4737 14.9142 24.4200 19.8373 46.8823 12.1510 171.4000 0.09416 0.46849 43.3463 4.2052 42.3191 90.8000 18.3790 1.7391 124.1000 1.1601 5.5494 21.5054 51.4668 219.6000 APR. 9 115.5500 6.58545 2.84657 84.3668 14.8236 24.3161 19.7668 46.6418 12.1070 170.1000 0.09372 0.46707 43.3 84 0 4.2052 42.1053 90.6500 18.3553 1.7316 123.8500 1. 1494 5.5494 21.4592 51.1771 219.0000 APR. 10 115.4300 6.57030 2.83527 84.2673 14.7820 24.2542 19.6618 46.4468 12.1070 169.7500 0.09328 0.46475 43.3463 4.1999 41.9287 90.5500 18.3050 1.7286 123.7000 1.1468 5.3192 21.4408 50.9944 218.5000
@FedFRASER