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Selected Interest & Exchange Rates Weekly Series of Charts April 6,1981 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 a 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 1973=100 RATIO SCALE MARCH 1973=100 120 120 - ~ 100 U.K. POUND - J - 80 - 100 - 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR - " l I I M h . h l l M I I I II I I I I I I I I 60 I FRENCH FRANC GERMAN MARK V. 120 — JAPANESE YEN — [\rjf 100 SWISS FRANC - I I I I I I BELGIAN FRANC DUTCH GUILDER 100 - 100 ITALIAN LIRA 80 60 CANADIAN DOLLAR 40 1979 1981 1979 1981 3/19/81 #1 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 CANADIAN DOLLAR - A A ITALIAN LIRA - » + Q - - I — I I # — I I I I I i i i n l 11 I n 24 - U. K. POUND 12 DUTCH GUILDER II 1 - V - 6 - 12 6 111 r i l u 111 18 GERMAN MARK SWISS FRANC - 1 A if - 12 — 12 JAPANESE YEN FRENCH FRANC 1979 1981 1979 1981 3/19/81 2 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c LLARS 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 100 1978 1979 1980 100 1981 3/19/81 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Al :NT PER ANNUM 28 28 24 24 U. K. 2-DAY LOCAL AUTHORITY U. S. FEDERAL FUNDS 20 20 16 16 12 12 8 8 I II II II II 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 4 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER AH 20 20 U. S. CD* S 16 16 12 12 W t 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 6 16 I I I 0 lull 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 8 8 4 4 0 1979 1981 1979 1981 3/19/81 5 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Af ENT PER ANNUM 24 24 3-MONTH OVERNIGHT 20 20 16 16 12 12 8 6 4 4 24 24 6-MONTH 7-DAY 20 20 16 16 12 12 8 8 HI 11 MM II 4 4 24 24 1-YEAR 1-MONTH 20 20 16 16 12 12 8 8 4 4 1979 1981 1979 1981 6 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 FEDERAL FUNDS - 22 — 18 - 14 3-MONTH E U R O - D O L L A R DEPOSITS 10 OVERNIGHT E U R O - D O L L A R DEPOSITS 11 I 1 1 I 1 I I 1 I 1 I I I I I I I I I I I I I I I 6 3 DIFFERENTIAL DIFFERENTIAL I I I I I I I I I I I I I I II I I I I I I I 1979 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1981 1979 1981 - 2 - 1 - 2 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S H , 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 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON 4 2 DIFFERENTIAL - " — NN J L i l l DIFFERENTIAL — - i iv • : - INTERBANK DM COVERED FRANKFURT SWISS INTERBANK SF COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL 1979 DIFFERENTIAL 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER At ENT PER ANNUM 15 15 CANADA UNITED STATES 13 13 - — 11 11 9 9 I I I 7 7 12 9 10 7 SWITZERLAND 8 5 GERMANY 6 3 I I I I II I I I I I 4 1 16 17 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 6 7 14 U. S. CORPORATE 12 MONTHLY Aaa BONDS - 10 13 MONTHLY JAPAN l¥' 11 - 9 — 8 EURO-DOLLAR BONDS 6 " i l l i i 1979 7 — r 5 1981 1979 1981 3/19/81 CHART 1Q INDUSTRIAL STOCK INDICES WEEKLY SERIES RATKD SCALE 1969=100 RATIO SCALE 1969=100 180 - 160 140 UNITED STATES - 120 FRANCE GENERAL INDEX 100 80 100 90 SWITZERLAND JAPAN - 80 70 - 60 50 160 UNITED KINGDOM - 140 GERMANY 120 100 80 1979 1981 1979 1981 3/19/81 o L A S T V A L O E PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT E X C H A N G E R A T E S AND I N D I C E S W E E K L Y 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 GUILDER U.K. P O U N D C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC ITALIAN LIRA INDICES, M A R C H 1973 47.42 0.47246 42.82 223.74 84.32 20.09 51.98 2.89323 0.09507 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 133.,41 123.,70 122..94 90.,49 84.,04 90.,53 167. 22 114. 01 54.,00 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 I T A L I A N LIRA 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 , MAP (G-10 C O U N T R I E S PLOS S W I T Z E R L A N D ) U.S. DOLLAR 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 F R A N C SWISS F R A N C B E L G I A N FRANC I T A L I A N LIRA S W E D I S H KPONA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 1973 = 100 APRII APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 96.60 136.64 123.09 121.14 96.91 80.52 36.33 165.03 111.55 50.03 93. 36 CPAPT 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 D I S C O U N T C A N A D I A N 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 -2.05 2.25 2. 18 1. 89 6.82 4.46 7.02 -5.38 LAST V A L U E PLOTTED DATE VALUE SERIES N A M E CHART 3. GOLD PRICE IN LONDON, A F T E R N O O K FIXING U.S. DOLLARS PEP FINE O U N C E APPIL 1 526.55 APRIL APRIL MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 1 1 27 20 27 20 27 27 6 20 14. 93 14. 48 12. 13 16. 80 11. 25 10. 90 7. 56 11. 88 11. 15 1. 60 1 1 1 1 1 1 14. 48 14. 54 14. 56 14. 78 14. 81 14. 68 C H A R T 4. CALL 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 EURO-DOLLAP. D E P O S I T S 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 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 S DISCOUNTS C A N A D I A N F I N A N C E PAPER I N T E R B A N K 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 DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . APRIL APRIL APRIL APRIL APRIL APRIL APRIL SELECTED EURO-DOLLAR APRIL APRIL APRIL APRIL APRIL APRIL AND U.S. M O N E Y M A R K E T R A T E S O V E R N I G H T E U R O - D O L L A R 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. FOP R E S E R V E R E Q U I R E M E N T S APRIL APRIL APRIL 1 1 1 14. 48 14. 93 - 0 . 45 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T DIFFERENTIAL APRIL APRIL APRIL 1 1 1 14. 78 13. 75 1. 03 L A S T VALUE PLOTTED 1 DATE VALUE SERIES NAME :HART 9. I N T E R E S T A R B I T R A G E , 3-MONTH F U N D S 14.78 14.89 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 -0.11 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 13.38 14.61 -1.23 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT)> DIFFERENTIAL APRIL APRIL APRIL 14.78 15,54 -0.77 APRIL APRIL APRIL 14.78 14.73 0.05 COVERED EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL CHART 9. LONG TERM G O V E R M E N T BOND Y I E L D S UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM MARCH MARCH FEB. MARCH MARCH FEB. MARCH MARCH 27 20 13 20 6 6 27 13.27 9.98 8.79 5.43 13.05 14.71 11.29 11.25 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 13.35 6.63 11.94 FEB. DEC. JAN. 10. I N D U S T R I A L STOCK I N D I C E S UNITED STATES JAPAN FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY MARCH MARCH MARCH MARCH MARCH MARCH 27 27 6 27 27 20 142.58 350.33 150.80 120.87 74.82 9 6, 08 FEDERAL RESERVE statistical release H.10(512) APRIL FOREIGN EXCHANGE RATES FOR T H E SEEK ENDING APRIL 9, 1981 3, 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 M A R . 30 M A R . 31 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 ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 116.2700 6.64894 2.89855 84.2603 15.1286 24.6184 20.2429 47.6758 12.0340 171.2500 0.09533 0.47304 43.7254 4.2017 43.0663 91.6400 18.5701 1.7528 124.7700 1.1585 5.5249 21.7391 52.3013 223.7500 116.6900 6.71930 2.88184 84.2247 15.0602 24.6366 20.0100 47.3821 12.0920 173.1000 0.09479 0.47337 43.8212 4.2017 42.7168 91.5500 18.5529 1.7606 125.1000 1.1710 5.5249 21.6920 51.8672 223.2500 (RITE U . S . CENTS' APR. 1 116.3800 6.74764 2.90867 84.4952 15.1057 24.6792 20.1613 47.6758 12.0920 173.2000 0.09551 0.47081 43.8212 4.2052 43.1034 91.6000 18.5977 1.7621 125.0700 1.1767 5.5249 21.7794 52.1785 224.6000 APR. 2 116.1700 6.69344 2.89519 84.6096 15.0716 24.6063 20.0642 47.3597 12.0920 173.0000 0.09506 0.46773 43.6872 4.2017 42.7168 91.2000 18.5460 1.7606 124.6000 1.1682 5.5249 21.7391 51.9615 221.8000 APst. 3 115.8700 6.63900 2.86615 84.4737 14.9611 NA 19.9302 47.0146 12.0340 171.3000 0.09452 0.46904 43.6110 4.2034 42.4448 90.7000 18.4774 1.7437 125.9500 1.1561 5.5494 21.5866 51.4801 219.5000
@FedFRASER