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(516/517) - 7 / . Z 3 Selected Interest & Exchange Rates Weekly Series of Charts August 10, 1981 DIVISION OF INTERNATIONAL FINANCE Prepared by t h e FINANCIAL M A R K E T S SECTION BOARD OF GOVERNORS F E D E R A L 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 SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 U.K. POUND FOREIGN CURRENCY PRICE OF U.S. DOLLAR FRENCH FRANC GERMAN MARK JAPANESE YEN 120 - 100 SWISS FRANC I I I BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA CANADIAN DOLLAR 1979 1981 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 A A - ITALIAN LIRA - - - I I I I II I II I I 24 U. K. POUND V - 12 I I 12 DUTCH GUILDER II - 6 I 18 GERMAN MARK SWISS FRANC - | A AJ - 12 - I I I I I I - FRENCH FRANC 12 JAPANESE YEN + 0 1979 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE C U.S. DI .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 I I I I I I I I 100 1978 1979 1980 I I I I I I I I I I 1981 100 CHART A CALL MONEY RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER 28 28 24 24 20 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 16 12 12 8 8 4 4 24 24 20 20 16 16 CANADA 12 12 EURO-SWISS FRANC 8 8 4 4 NETHERLANDS + + 0 0 II I I I I I 24 24 20 20 FRANCE 16 16 GERMANY 12 12 8 8 JAPAN 4 4 EURO-DM 0 0 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER AN 20 U. S. CD' S 16 v 20 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 M i l l I 4 22 18 16 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 - IV - 8 4 V i V , 4 8 1979 1981 jI 1979 I 11111111111 1981 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER M ENT PER ANNUM 24 24 20 3-MONTH OVERNIGHT 20 16 16 12 12 8 8 4 4 24 24 6-MONTH 7-DAY 20 20 16 16 12 12 8 8 4 4 24 24 1-MONTH 20 1-YEAR 20 AT 16 12 12 8 - I 4 16 1979 1981 I I 8 A 1979 1981 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 - 10 3-MONTH E U R O - D O L L A R DEPOSITS DAY CD OVERNIGHT E U R O - D O L L A R DEPOSITS I I I I I I I M M M M M I I I I I I I I DIFFERENTIAL DIFFERENTIAL w M 1979 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E M 1981 ^ \ A V V zANvyv m ! I I I I I I I I 1979 I I I I I I I I I I I 1981 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 20 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON I I II I I I I DIFFERENTIAL — DIFFERENTIAL yx - — " A i V l I 11 l i i l h i l l — i W i l l ii h i l l i i INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS II DIFFERENTIAL DIFFERENTIAL 1979 1981 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E 1979 1981 : CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES INT PER ANNUM PERCENT PER AN 17 17 15 15 CANADA UNITED STATES 13 13 11 11 9 9 7 7 12 9 10 7 SWITZERLAND 8 5 GERMANY 6 3 4 1 13 15 MONTHLY UNITED KINGDOM JAPAN 11 13 9 11 7 9 5 7 18 U. S. CORPORATE 18 MONTHLY 16 16 FRANCE 14 12 14 12 Aaa BONDS 10 8 10 EURO-DOLLAR BONDS 8 NETHERLANDS 6 6 1979 1981 1979 1981 CHART 10 STOCK INDICES WEEKLY SERIES RATIO SCALE RATIO SCALE 1977=100 1977=100 160 140 160 140 UNITED STATES 120 120 JAPAN 100 100 80 80 140 140 120 UNITED KINGDOM SWITZERLAND 120 100 100 80 60 60 140 140 FRANCE GERMANY 120 120 100 100 80 80 60 60 140 280 120 240 100 200 80 160 NETHERLANDS CANADA 120 60 45 90 1979 1981 1979 1981 SERIES CHART 1. SPOT EXCHANGE R A T E S WEEKLY A V E R A G E S , L A S T VALUE PLOTTED DATE VALUE NAME AND I N D I C E S NOON BUYING RATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA INDICES, MARCH 1 9 7 3 BASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 C O U N T R I E S PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA S W E D I S H KRONA 3 - M O N T H FORWARD EXCHANGE R A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIRA 5 5 5 5 5 5 5 5 5 40.01 0.41274 36.04 181.95 80.82 16.83 46.03 2.44438 0.08072 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 5 5 5 112.54 108.07 103.45 73.59 80.56 75.85 148.10 96.32 45.85 5 5 5 5 5 5 5 5 5 5 5 112. 129. 121. 114. 79. 87. 81. 165. 106. 47. 91. 5 5 5 5 5 5 5 5 -2.66 4.65 6.49 -2.56 9.78 5.82 11.89 -10.70 100 GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA CHART 2 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. MAR 1973 = 100 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 84 06 33 80 18 76 69 17 25 86 82 PREMIUM OR D I S C O U N T AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. SERIES CHART 3 . SOLD P R I C E U.S. CHART 4 . IN DOLLARS PER L A S T VALUE P L O T T E D DATE VALUE NAMF LONDON, AFTERNOON F I X I N G F I N E OUNCE 3-MONTH I N T E R E S T EURO-DOLLAR DEPOSIT RATES: 5 5 31 26 31 17 31 31 24 17 18. 18. 12. 18. 11. 11. 7. 17. 12. 1. AUG. AUG. AUG. AUG. AUG. AUG. JULY 5 5 5 5 5 5 29 17.94 12.95 7.46 21.91 14.54 9.30 13.85 AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 18.90 18.72 19.06 18.84 18.90 17.76 25 90 88 85 95 77 31 75 60 00 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . AUG. AUG. JULY JUNE JULY JULY JULY JULY JULY JULY 396. 88 RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN I N T E R B A N K LOAN J A P A N E S E BANK LOANS & D I S C O U N T S CANADIAN F I N A N C E PAPER INTERBANK STERLING S W I S S I N T E R B A N K LOAN WEIGHTED AVERAGE F O R E I G N I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 5 CALL HONEY R A T E S U . S . F E D E R A L FUNDS O V E R N I G H T EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5 . AUG. S E L E C T E D EURO-DOLLAR AND U . S . MONEY MARKET R A T E S O V E R N I G H T EURO-DOLLAR D E P O S I T S U . S . F E D E R A L FUNDS D I F F E R E N T I A L A D J . FOR RESERVE R E Q U I R E M E N T S AUG. AUG. AUG. 5 5 5 18.90 18.25 0.65 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL AUG. AUG. AUG. 5 5 5 18.84 17.94 0.90 SERIES CHART 8 . INTEREST L A S T VALUE P L O T T E D DATE VALUE NAME ARBITRAGE, 3-MONTH F U N D S EUEO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL P A P E R CANADIAN F I N A N C E P A P E R , DIFFERENTIAL COVERED COVERED EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL . | 10. 18.84 19.36 -0.52 AUG. AUG. AUG. 5 5 5 17.22 19.10 -1.88 AUG. AUG. AUG. 5 5 5 18.84 19.65 -0.82 AUG. AUG. AUG, 5 5 5 18.84 19.31 -0.47 JULY JULY MAY JULY JUNE JUNE JULY JULY 31 24 14.59 1 1 . 12 8.81 5.54 15.03 17.44 11.11 12.86 10 26 12 24 24 CORPORATE AAA BONDS EURO-DOLLAR CHART 5 5 5 LONG TERM GOVERMENT 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 . AUG. AUG. AUG. BONDS JUNE MAY 13.75 12.64 STOCK I N D I C E S UNITED STATES U N I T E D KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JULY 2 2 JULY 2 2 JULY 2 2 JULY 2 2 JULY 2 2 JULY 2 2 JULY 2 2 JULY 2 2 132.31 113,66 233.13 102.43 95.94 85.76 87.44 155.85 FEDERAL RESERVE statistical release f*41 H.10(512) AUGUST FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 7, 10, 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 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT AUG. 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 112.6300 5.67215 '2.42072 80.4764 12.5818 21.5983 16.6362 39.5726 11.0254 145.1000 0.07974 0.40750 41.9287 4.0535 35.6544 82.0500 16.0192 1.5083 104.2800 . 1.0013 5.3502 18.7617 45.4959 180.1500 (Rkl 3 AUG. 4 112.2500 5.64016 2.41080 80.4829 12.5992 21.5750 16.5975 39.4477 11.0011 145.2000 0.08019 0.40634 42.0168 4.0535 35.5872 81.5200 16.0617 1.5038 104.0500 0.9950 5.3502 18.7459 45.3721 179.3500 CE U . S . AUG. CENTSl 5 112.7800 5.67215 2.43250 80.4829 12.6518 21.5843 16.7252 39.8486 11.0011 145.5000 0.08019 0.41511 42.0875 4.0519 35.9131 81.6700 16.0953 1.5038 105.0000 0.9987 5.3502 18.8182 45.8505 180.5500 AUG. 6 113.0000 5.64653 2.42072 80.7559 12.5976 21.4961 16.6528 39.6589 10.9890 144.6200 0.08022 0.41684 42.0522 4.0486 35.7462 81.7000 16.0720 1.5026 104.2000 0.9955 5.3502 18.7161 45.6850 179.8000 AUG. 7 113.4300 5.61482 2.40790 80.5088 12.5196 21.4592 16.4474 39.5023 10.9170 143.6000 0.07962 0.42571 42.0698 4.0323 35.5492 81.9000 16.0514 1.4881 104.3500 0.9891 5.3502 18.6463 45.7666 179.0500
@FedFRASER