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(516/517) Selected Interest 8v Exchange Rates W eekly Series o f Charts August 11. 1980 DIVISION O F I N T E R N A T I O N A L F IN A N C E Prepared by the F IN A N C IA L MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 Table o f Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIG URES PLO TTED Weekly $15.00 per year or $.40 each in the United 2. D A IL Y C E R T IF IE D SPOT States, its possessions, Canada, and Mexico; 10 or EXCHANGE RATES-- more of the same issue to one address, $13.50 per H.10 RELEASE 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 CHARTS 1. SPOT EXCHANGE RATE IN D IC ES 2. 3-M O N TH FORW ARD EXCHANGE RATES 3. GOLD P R IC E -LO N D O N 4. C A LL M O NEY RATES 5. 3-M ONTH INTER EST RATES 6. EURO-DO LLAR DEPOSIT RATES 7. SELECTED EURO-DO LLAR AND U.S. M O NEY M A R K E T RATES 8. INTER EST A R B ITR A G E : 3-M ONTH 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 INDICES 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 iC A L E M ARCH 1973=100 R A T IO MARCH SCALE 19 7 3 = 1 0 0 120 120 100 100 80 60 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I l l 60 180 120 160 140 100 120 80 100 240 160 140 200 120 160 100 120 80 160 160 140 140 120 120 100 100 100 100 80 80 60 60 1978 1980 1978 1980 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 12 6 + 0 6 1978 1960 1978 1980 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY u.s. c L L A R S P E R F IN E O U N C E U .S . D O 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 500 500 450 450 400 400 350 350 300 300 250 250 200 200 150 150 [iIiiIiiIii 100 1977 1978 1979 iliiIiiIii 1980 100 CHART 4 CALL MONEY RATES WEEKLY SERIES P ER C EN T PER ANNUM PER C E N T PER ANNUM 1978 1980 1978 1980 CHART 5 3-M ONTH INTEREST RATES WEEKLY SERIES 20 20 16 16 12 12 8 8 4 4 18 14 14 10 10 6 6 2 12 16 r \ 8 12 LOANS AND DISCOUNTS JAPANESE BANK 8 4 0 4 1978 1980 1978 1980 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo n d o n AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM P E R C E N T P E R AN 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 P E R C E N T P ER A N N U M lo+ P ER C E N T PER ANNUM 1980 1978 1 PERCENT ON D IF F E R E N T IA L SCALE = 2 PER C EN T ON RATE SCALE CHART 8 INTEREST ARBITRAGE: 3-M ONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER C EN T PER ANNUM 1 P E R C E N T ON D IF FE R E N TIA L S C A L E = 2 P ER CEN T ON R ATE S C A LE P E R C E N T PER ANNUM CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES P ER C E N T PER ANNUM PER C EN T PER ANNUM 1978 1980 1978 1980 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES R A T IO SCALE 1969=100 R A T IO SCALE 1969=100 100 90 80 70 60 50 140 120 100 80 160 140 120 100 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 FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 6 6 6 6 6 6 6 6 6 56.16 0.44170 51.50 234.95 86.32 24.24 60.76 3.51822 0.11908 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 6 6 6 6 6 6 6 6 6 157.98 115.65 147.85 95.03 86.04 109.23 195.46 138.64 67.64 6 6 6 6 6 6 6 6 6 6 6 85.99 149.91 103.03 133.80 82.91 74.82 96.65 176.34 124.46 57.77 94.16 6 6 6 6 6 6 6 6 -0.49 -6.03 1.88 -1.66 4.85 0.72 -2.30 -15.10 INDICES, MARCH 1973 BASE RATES = 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 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. CHART 2. 3-MONTH FORWARD EXCHAN G E RATES, PREMIUM OR DISCOUNT C ANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE AUG. 6 625.05 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. JULY AUG. 6 6 1 1 1 1 1 1 4 1 9.60 9.54 17.75 9.68 9.55 9.01 12.63 11.88 10.50 5.67 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 6 6 6 6 6 6 6 9.33 9.23 12.69 10.60 16.04 5.38 11.54 AUG. AUG. AUG. AUG. AUG. AUG. 6 6 6 6 6 6 9.54 9.64 9.83 10.09 10.25 10.55 CHART 4. CALL MONEY RATES U.S. F E D E R A L FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURC-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY C D ’S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS C ANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LCAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) C H A R T 6. E U R O - D O L L A R D E P O S I T RATES: LONDON OVERNIGHT 7-DAY 1-MCNTH 3-MCNTH 6-MCNTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. AUG. AUG. 6 6 6 9.54 9.60 -0.06 3-MCNTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL AUG. AUG. AUG. 6 6 6 10.09 9.33 0.76 SERIES NAME CHART 8. INTEREST ARBITRAGE, LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON) , COVERED DIFFERENTIAL AUG. AUG. AUG. 6 6 6 10.09 9.77 0.32 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL AUG. AUG. AUG. 6 6 6 9.01 10.10 -1.09 E U R O D O L L A R DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. AUG. AUG. 6 6 6 10.09 11.16 -1.07 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL AUG. AUG. AUG. 6 6 6 10.09 10.29 -0.20 AUG. 1 JULY 25 JUNE JULY 25 AUG. 1 JUNE 13 JULY 4 1 AUG. 10.59 7.86 8.61 4.60 12.32 13.34 9.45 10.93 JUNE DEC. MAY 10.58 6.63 10.39 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . CORPORATE AAA BONDS EURC-DM BONDS EURO-DOLLAR BONDS CHA RT 10. INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY AUG. 1 AUG. 1 DEC. 29 JULY 18 1 AUG. AUG. 1 JULY 25 129.20 310.37 113.81 146.80 116.41 77.65 97.38
@FedFRASER