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(516/517) - Z L ^ L Fs « » M FEDERAL .RESERVE BANK OFflOSimi Selected Interest & Excharrae Rates April 27,1981 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 RATESH 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 SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 120 120 — - 100 U.K. POUND - - J v^\/\ 80 - 100 — 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR — I I I I I 60 I FRENCH FRANC GERMAN MARK X-v 120 - 100 — JAPANESE YEN / AJT X - SWISS FRANC - 80 160 BELGIAN FRANC V 140 - > —v.—— 120 DUTCH (3UILDER 100 ~ I I I I I I I|||,||,||, 100 100 ITALIAN LIRA 80 - 80 | 60 60 CANADIAN DOLLAR V 40 I 1979 1981 I - 40 I 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 CANADIAN DOLLAR - ITALIAN LIRA - - I U. K. POUND \nAV 12 I I I I I V " / I I - v 24 12 DUTCH GUILDER 6 I 18 GERMAN MARK SWISS FRANC - | kj A - 12 — 1 1 1 12 FRENCH FRANC \ JAPANE m z _ — IL — 1 1979 1981 1 1979 1 11111111111 I I I I I I I I I I I 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D< U.S. DOLLARS PER FINE 0 LARS PER FINE OUNCE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 1978 1979 1980 1981 CHART 4 CALL MONEY RATES WEEKLY SERIES PER PERCENT PER A h :NT PER ANNUM 28 28 24 24 U. K. U. S. FEDERAL FUNDS 2 - D A Y LOCAL AUTHORITY 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 JAPAN 4 4 EURO-DM 0 0 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANH IT PER ANNUM 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 12 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 14 8 10 4 0 6 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 8 8 4 0 4 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AF< ENT PER ANNUM 24 24 20 OVERNIGHT 3-MONTH 20 16 16 12 12 8 8 4 4 24 24 6-MONTH 7-DAY 20 20 16 16 12 12 8 8 Iiiliilii 4 24 4 24 1-MONTH 20 1-YEAR 20 16 16 12 12 8 8 4 4 1979 1981 1979 1981 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUSC+), FAVORS BORROWING IN U. S, AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 22 22 FEDERAL FUNDS 18 - 18 3-MONTH EURO-DOLLAR DEPOSITS 14 14 10 - 10 OVERNIGHT EURO-DOLLAR DEPOSITS 11 l I l l 6 M i l M I M I M I I 6 3 3 2 - 1 - 3 - DIFFERENTIAL DIFFERENTIAL 3 11 I n 11111111111111111111111 1979 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1981 1979 1 1 1 1 1 1 1 1 1 1 1 1 1 M 111 1981 4 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), 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 f / p // - 20 hi ~ b' y « INTERBANK STERLING A 5 12 il U. S. COMMERCIAL PAPER COVERED LONDON I 1 I I 1 1 1 i l l 111 n i l i 111 I I I I I I LI 4 2 DIFFERENTIAL DIFFERENTIAL - - yfi r " l 1 1 1 1 : 1 INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL A i i i 1 M 1979 i In M i T l I i " 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES NT PER ANNUM PERCENT PER AN 15 WM 15 CANADA UNITED STATES 13 f - - 13 11 11 9 9 7 7 12 9 10 7 SWITZERLAND 8 5 GERMANY 6 3 4 1 16 17 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 7 6 14 U. S. CORPORATE 12 MONTHLY 13 MONTHLY JAPAN Aaa BONDS I 11 y 9 10 8 7 EURO-DOLLAR BONDS 5 6 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED STATES FRANCE G E N E R A L INDEX SWITZERLAND JAPAN 160 140 - UNITED KINGDOM - GERMANY A vA/L 120 Y v w 100 140 / ~ 120 L Y 100 I 80 - 1979 1981 I 1979 I 11111111111 1981 80 L A S T V A L O E PL01TED DATE VALOE SERIES NAME CHART 1. S P O T 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 R A T E S (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 F R A N C 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 ) 45.85 0.45969 41.28 216.27 83.70 19.39 50.26 2.79931 0.09195 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 22 22 22 128.97 120.36 118.52 87.48 83.42 87.39 161.68 110.31 52.23 22 22 22 22 22 22 22 22 22 22 22 99.60 135.05 122.63 119.52 85.97 81.97 85.74 163.40 110.51 49.53 93.19 22 22 22 22 22 22 22 22 -1.03 4.21 3.90 2.99 7.44 5.89 9.39 -2.94 1973 = 100 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 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 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 22 22 22 22 22 22 22 22 22 BASE R A T E S = 100 G E R M A N MASK J A P A N E S E YEN DUTCH G U I L D E R O.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 CANADIAN DOLLAR U.K. POUND G E R M A N MARK FRENCH FRANC SWISS F R A N C DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL DISCOUNT APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME LAST V A L U E P L O T T E D DATE VALUE C H A B T 3. G O L D P R I C E IN L O N D O N , A F T E R N O O N FIXING U . S . D O L L A R S PER F I N E O U N C E A P R I L 22 488.17 CHART 4. C A L L HONEY R A T E S APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 17 3 17 10 17 17 3 10 15. 55 15. 40 12. 00 16. 53 11. 25 1 1 . 45 7. 00 12. 25 9. 05 6. 73 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 22 15. 51 13. 08 7. 15 17. 62 12. 19 8. 92 12. 56 APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 15.40 15.69 16.68 16.44 16.44 15.73 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 A P R I L 22 A P R I L 22 A P R I L 22 15. 40 15. 55 - 0 . 15 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY C D ' S , SECONDARY M A R K E T DIFFERENTIAL A P R I L 22 A P R I L 22 A P R I L 22 16. 44 15. 51 0. 93 U.S. F E D E R A L F U N D S OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC C H A R T 5. 3 - M O N T H I N T E R E S T R A T E S U.S. 90-DAY C D ' 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 6 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 FOREIGN I N T E R E S T 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 D E P O S I T R A T E S : L O N D O N OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR C H A R T 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 R A T E S SERIES NAME LAST VALUE PLOTTED DATE VALUE CHAHl 3. I N T E R E S T A R B I T R A G E , 3 - M O N T H 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 22 APRIL 22 APRIL 22 16. 44 16. 53 - 0 . 09 U.S. C O M M E R C I A L PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 22 APRIL 22 A P R I L 22 14. 99 16. 55 -1- 56 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL A P R I L 22 APRIL 22 A P R I L 22 16. 44 17. 11 - 0 . 67 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL A P R I L 22 APRIL 22 A P R I L 22 16. 44 16. 52 - 0 . 08 A P R I L 17 A P R I L 17 MARCH M A R C H 13 3 APRIL M A R C H 13 3 APRIL A P R I L 10 13.70 10.21 8.29 5.43 13.42 15.09 10.66 11.44 MARCH DEC. FEB. 13.33 6.63 12.17 C H A R T 9. LONG TERM GOVEfiMENT B O N D Y I E L D S U N I T E D SIA1SS GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. CORPORATE AAA B O N D S EURO-DM B O N D S E U R O - D O L L A R BONDS CHART i t 10. I N D U S T R I A L UNITED STATES JAPAN FRANCE UNITED K I N G D O M SWITZERLAND GERMANY STOCK INDICES A P R I L 17 A P R I L 10 3 APRIL A P R I L 10 A P R I L 10 APRIL 10 142.37 360.36 148.80 128.49 75.59 97.69 FEDERAL RESERVE statistical release '•ffALRfc^ H. 10(512) APBIL 27, 1981 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APBIL 24, 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 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM (RATE U.S. CENTS) APR- 22 MONETARY UNIT APR. 20 APR. 21 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRGNA FRANC POUND 114.6500 6.42261 2.79330 83.6400 14.4718 23.8949 19.3611 45.7771 12.0190 165.6500 0.09141 0.45830 42.5532 4.1859 41.2541 89.5000 18.1159 1.7153 122.5000 1.1173 5.3192 21.0970 50.2513 215.7500 114.8000 6.48088 2.80034 83.7661 14.5582 23.9578 19.3648 45.8400 12.0340 166.8500 0.09185 0.45798 42.5713 4.1902 41.1523 39.8400 18.2216 1.7065 122.6000 1.1307 5.3192 21.1694 50.1756 216.1700 115.2600 6.50830 2.82646 83.7942 14.6628 54.0732 19.5103 46.2321 12.0920 168.6003 0.09268 0.46115 42.8266 4.1841 41.5973 90.1000 18.2732 1.7094 123.0500 1.1358 5.3192 21.2721 50.6714 218.6500 A P R . 23 APR. 24 115.2800 6.51678 2.82008 83.7101 14.6467 24.0240 19.4175 45.9770 12.1507 168.3000 0.09208 0.46468 42.9369 4.1850 41.4164 90.1500 18.2482 1.7109 123.0000 1.1342 5.3192 21.2427 50.4286 217.4500 115.1700 6.48298 2.81849 83.8223 14.5613 24.0038 19.3274 45.9242 12.1212 167.6000 0.09200 0.46664 43.1034 4.1771 41.2201 90.1000 18.2017 1.7065 123.0000 1.1322 5.4437 21.1864 50.4286 216.7000
@FedFRASER