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(5 1 6 / 5 1 7 ) Selected Interest Exchange Rates W eekly Series o f Charts April 21,1980 DIVISION O F IN T E R N A T IO N A L F IN A N C E Prepared by the F IN A N C IA L M A R K E T S S E C T IO N BOARD O F GOVERN ORS F E D E R A L R E S E R V E SYSTEM Washington, D .C . 20551 Table o f Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIG URES PLOTTED Weekly $15.00 per year or $.40 each in the United States, its possessions, Canada, and Mexico; 10 or 2. D A IL Y C E R T IF IE D SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-M ONTH FORW ARD EXCHANGE RATES 3. GOLD P R IC E -LO N D O N 4. C ALL M O NEY RATES 5. 3-M ONTH IN TER EST RATES 6. EURO DOLLAR DEPOSIT RATES 7. SELECTED EURO-DO LLAR A N D U.S. M O NEY M A R K E T RATES 8. INTEREST A R B ITR A G E : 3-M O N TH FUNDS 9. LONG-TERM G O V E R N M E N T BOND Y IE LD S 10. IN D U S T R IA L STOCK IN D IC ES 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. CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY R A T IO MARCH R A T IO SCALE MARCH 1973=100 SCALE 1973=100 120 100 80 60 120 100 80 240 200 160 120 160 140 120 100 100 80 60 1978 1980 1978 1980 CHART 2 3-M ONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER PERCENT ANNUM PER ANNUM + 0 24 12 6 + 0 6 1978 1980 1978 1980 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U .S . D U .S . D O L L A R S P E R F IN E L L A R S P E R F IN E O U N C E 800 800 750 750 700 700 650 650 600 600 550 550 12.5 Kg BARS A F T E R N O O N F IX IN G P R IC E T 500 500 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 I_____I 1977 I I l I 1978 1979 100 1980 CHART 4 CALL MONEY RATES WEEKLY SERIES 20 20 16 16 12 12 8 8 4 4 16 20 12 16 12 8 8 4 0 12 4 0 12 8 4 8 + 0 4 4 0 1978 1980 1978 1980 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES P E R C E N T P E R AN NT PER ANNUM 20 20 16 16 12 12 8 8 4 4 18 14 14 10 10 6 6 2 12 16 8 12 8 4 4 0 1978 1980 1978 1980 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo n d o n AVERAGES FOR WEEK ENDING WEDNESDAY 20 20 16 16 12 12 8 8 4 4 20 20 16 16 12 12 8 8 4 4 20 20 16 16 12 12 8 8 4 4 1978 1980 1978 1980 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PER C EN T PER ANNUM Io+ P E R C E N T PER ANN UM 1980 1978 1 PERCENT ON D IF F E R E N T IA L SCALE = 2 PER C EN T ON RATE SCALE CH ART 8 INTEREST ARBITRAGE: 3-M ONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER ANN UM PER C E N T PER ANNUM 1978 1980 1 PE RC ENT ON D IF F E R E N T IA L S C A L E = 2 PE RC ENT ON RATE S C A LE CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 14 15 12 13 10 11 0 9 6 10 7 6 8 4 6 2 4 0 14 15 12 13 10 11 8 9 6 7 13 10 11 8 9 6 7 4 1978 1980 1978 1980 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES R A T IO 1960= 140 UNITED STATES 120 100 80 400 360 320 280 240 200 140 140 CANADA D IS C O N T IN U E D 120 S E R IE S 120 100 100 80 80 l l l llllllllllllllllllllllll 160 160 FRANCE GENERAL INDEX 140 140 120 120 100 100 80 80 1978 1980 1978 1980 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR ERENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 16 16 16 16 16 16 16 16 16 53.31 0.39837 48.65 219.89 84.49 23.02 57.17 3.30498 0.11424 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 16 16 16 16 16 16 16 16 16 149.96 104.31 139.65 88.94 84.21 103.75 183-92 130.23 64.90 16 16 16 16 16 16 16 16 16 16 16 91.14 148.78 96.61 132.20 81.06 76.82 96.04 173.63 122.29 58.04 93.77 16 16 16 16 16 16 16 16 2.16 1.11 9.12 5.45 11.43 7.56 4.74 1.47 INDICES# MARCH 1973 BASE r a t e s = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3- GOLD PRICE IN LONDON, AFTERNOON FIXING APRIL 16 520.75 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL FEB. APRIL 16 16 11 4 11 11 11 11 29 11 18.35 18.53 16.88 15.90 9.00 8.17 12.06 12.25 10.65 12.13 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 16 16 16 16 16 16 16 17. 13 10.36 13.50 16.74 17.51 7.00 13.13 APRIL APRIL APRIL APRIL APRIL APRIL 16 16 16 16 16 16 18.53 18.44 18.54 18.54 17.85 16.54 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS APRIL 16 APRIL 16 APRIL 16 18.53 18.35 0.18 3-MCNTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 18.54 17.13 1.41 U.S. DOLLARS PER FINE OUNCE CHART 4. CALL HONEY RATES U.S. FEDERAL FUNDS OVER N I G H T EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC C HART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) C H A RT E U R O - D O L L A R DEPOSIT RATES: LONDON OVERN I G H T 7-DAY 1-MCNTH 3-MONTH 6-MCNTH 1-YEAR CHART 7. S ELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME LAST VALUE PLOTTED D ATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 18.54 18.67 -0.14 O.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 16.88 18.99 -2.11 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT) , COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 18.54 19.72 -1.18 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 18.54 18.63 -0.09 APRIL 11 4 APRIL MARCH 4 APRIL 4 APRIL 8 FEB. FEB. 29 APRIL 11 12.05 9.84 10.00 5.10 13.20 12.49 11.18 11.83 MARCH DECJAN. 12.96 6.63 10.35 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U. S. CCRPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 10. INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL 11 APRIL 4 DEC- 29 MARCH 14 4 APRIL 4 APRIL 4 APRIL 107.38 299.59 113.81 143.40 102.93 70.34 91.60
@FedFRASER