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Selected Interest & Exchange Rates Weekly Series of Charts August 17,1981 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 I 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 RATESHI. 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 S C A L E MARCH 1 9 7 3 = 1 0 0 RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 120 U.K. POUND 100 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR FRENCH FRANC GERMAN MARK 160 140 120 100 aJ\ — — jr — V JAPANESE YEN \A ~~ - - | 80 | | SWISS FRANC I I|II|II| II I IIIIIIIIII 160 BELGIAN FRANC 140 - 120 - y v - - — DUTCH GUILDER \x — 100 ~ i 1 1 I I I 100 ITALIAN LIRA 80 60 CANADIAN DOLLAR 40 1979 1981 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Al :ENT PER ANNUM 24 6 - CANADIAN DOLLAR - ITALIAN LIRA + + 0 0 \ - 6 24 12 6 DUTCH GUILDER U. K. POUND + 0 6 6 0 + 6 12 18 12 GERMAN MARK SWISS FRANC - 1 A yyJ - 12 6 — + 6 - 0 0 12 12 JAPANESE YEN FRENCH FRANC 6 6 + 0 + 0 6 6 1979 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ 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 I I I I 100 1978 1979 1980 I I I I I I I 1981 100 CHART 4 CALL MONEY RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER M 28 24 U. S. FEDERAL FUNDS 20 U. K. 2-DAY LOCAL AUTHORITY 16 12 8 4 24 20 16 CANADA 12 EURO-SWISS FRANC 8 4 NETHERLANDS + 0 24 20 FRANCE 16 GERMANY 12 8 JAPAN 4 EURO-DM 0 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES !NT PER ANNUM PERCENT PER Ah 20 20 U . S . CD'S 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 26 20 22 16 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 18 12 14 8 10 4 6 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS - SWISS INTERBANK RATE jV 12 - 8 8 4 - 0 4 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM PERCENT PER 24 24 OVERNIGHT 20 3-MONTH 20 16 16 12 12 8 8 4 4 24 24 7-DAY 20 20 16 16 12 12 8 8 4 4 24 24 1-MONTH 20 1-YEAR 20 16 16 12 12 8 8 11 M i i l l i 4 1979 1981 4 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 3-MONTH EURO-DOLLAR DEPOSITS f V\Vx-wX/V/ 90-DAY CD' S OVERNIGHT E U R O - D O L L A R DEPOSITS I I I I I I I I I I I I I I I I DIFFERENTIAL DIFFERENTIAL / \ A v y v I I I I I I I I I I I 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 i l l 11111111,11,1 1981 1979 11111111111 1981 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M , 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 M f — V - S-Y A / INTERBANK STERLING J/* i U. S. COMMERCIAL PAPER COVERED LONDON M M i i I,, DIFFERENTIAL DIFFERENTIAL - W U I — V I I INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL - I I I I 1979 In 1111111111111I I I I I I I I 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 I I 1979 I 1111 ] 111111111111111111 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES NT PER ANNUM PERCENT PER AN 17 17 15 15 CANADA - UNITED STATES 13 f - 13 11 11 9 9 7 I I J__L I " i l l I I 7 I 12 9 10 7 SWITZERLAND 8 5 GERMANY 6 3 4 1 13 15 MONTHLY UNITED KINGDOM JAPAN 11 13 11 9 9 7 5 18 I I 7 18 U. S. CORPORATE MONTHLY 16 16 FRANCE 14 12 14 12 Aaa BONDS 10 10 8 E U R O - D O L L A R BONDS 8 NETHERLANDS 6 6 1979 1981 1979 1981 CHART 10 STOCK INDICES WEEKLY SERIES RATIO : CALE 1977= 30 RATIO 5 197; 160 140 UNITED STATES 120 JAPAN 100 80 140 UNITED KINGDOM 120 SWITZERLAND 100 80 60 I I I lull 111111 140 FRANCE 120 GERMANY 100 A A 80 60 i i i I I I 140 120 100 80 NETHERLANDS CANADA 60 45 1979 1981 1979 1981 - L A S T V A L U 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 WEEKLY A V E R A G E S , NOON BUYING R A T E S (U.S. CENTS) AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. INDICES, MARCH 12 12 12 12 12 12 12 12 12 39.,43 0. ,42494 35.,51 178..94 80..88 ,46 16. 45..75 ,40521 2. 0. ,07965 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R 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 12 12 12 12 12 12 12 12 12 110.92 111.26 101.93 72.37 80.61 74. 19 147.19 94.78 45.25 12 12 12 12 12 12 12 12 12 12 12 113.76 127.81 126.25 113.76 78.28 88.43 80.28 165.21 105.16 47.50 91.21 12 12 12 12 12 12 12 12 - 2 . 89 4. 72 6. 23 - 3 . 80 9. 73 5. 22 11. 55 - 1 2 . 58 1973 BASE RATES = 100 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 ITALIAN LIRA WEIGHTED A V E R A G E E X C H A N G E VALUE I N D I C E S , MAR 1973 = 100 (G-10 C O U N T R I E S PLUS SWITZERLAND) U.S. DOLLAR 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. 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 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 CANADIAN 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 G U I L D E R J A P A N E S E YEN ITALIAN LIRA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. E S , PREMIUM OR D I S C O U N T AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. S E R I E S NAME L A S T V A L U E PLOTTED DATE VALUE CHART 3. GOLD P R I C E IN LONDON, A F T E R N O O N FIXING AUG. 12 400. 38 AUG. AUG. AUG. JUNE AUG. JULY AUG. AUG. JULY JULY 12 12 7 26 7 31 7 7 24 31 18. 29 18. 39 1 2 . 13 18. 85 12. 00 11. 52 7. 19 17. 50 12. 60 10. 06 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 12 17. 90 12. 90 7. 49 21. 99 14. 20 9. 22 13. 90 AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 18.39 18.52 18.80 18.77 18.74 17.80 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 ADJ. FOR R E S E R V E R E Q U I R E M E N T S AUG. 12 AUG. 12 AUG. 12 18.39 18.29 0.10 3 - M O N T H EURO-DOLLAR DEPOSIT R A T E U.S. 90-DAY C D ' S , SECONDARY M A R K E T DIFFERENTIAL AUG. 12 AUG. 12 AUG. 12 18.77 17.90 0.88 U.S. D O L L A R S PER F I N E OUNCE CHART 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-DOLLAR D E P O S I T S U.K. 2-DAY L O C A L A U T H O R I T Y DEPOSITS 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 CD'S, SECONDARY 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 & 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 INTEREST 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 . EURO-DOLLAR D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . S E L E C T E D EURO-DOLLAR A N D U.S. MONEY M A R K E T R A T E S t SERIES NAME L A S T V A L U E PLOTTED DATE VALUE CHART 6 . I N T E R E S T A R B I T R A G E , 3-MONTH 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 AUG. 12 AUG. 12 AUG. 12 18. 77 19.,09 -0. ,31 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 A U G . 12 AUG. 12 AUG. 12 17. ,23 18. ,94 -1. ,71 EJ&O-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL A U G . 12 A U G . 12 AUG. 12 18. .77 .33 19. -0. .56 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL AUG. 12 A U G . 12 AUG. 12 18.77 19.18 -0.40 AUG. JULY MAY JULY JULY JUNE JULY JULY 14.90 11.07 8.81 5.54 17.07 17.44 11.11 12.77 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 UNITED K I N G D O M 7 31 10 31 12 24 31 I. C O R P O R A T E AAA BONDS EURO-DOLLAR BONDS iART 10. 13.75 12.64 JULY JULY JULY JULY JULY JULY JULY JULY 134.,40 29 115. 49 29 29 228.,68 29 • 103.,71 96.,38 29 85.,64 29 91.,27 29 156.,92 29 STOCK I N D I C E S UNITED S T A T E S UNITED K I N G D O M CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JUNE MAY FEDERAL RESERVE statistical release '•ftALKfr* AUGUST FOREIGN EXCHANGE RATES FOR THE WEEK ENDING 17, 1981 A U G U S T 14, 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 MONETARY UNIT AUG. 10 AUG. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RANE PESETA RUPEE KRONA FRANC POUND 113.2000 5.52792 ' 2.37643 80.6647 12.3686 21.2675 16.2522 38.9029 10.7991 141.7000 0.07890 0.42355 41.8673 4.0258 35.0079 81.6500 15.9375 1.4793 104.1200 0.9766 5.1660 18.5065 45.4545 177.1000 112.9800 5.54324 2.38436 81.1491 12.4131 21.3061 16.2760 39.0778 10.8225 142.6500 0.07902 0.42418 41.9639 4.0412 35.1927 81.5000 15.9363 1.4749 104.1900 0.9759 5.1660 18.5804 45.5581 177.6000 11 (RATE U.S. CENTS) AUG. 12 113.8400 5.70777 2.43665 81.3207 1J.7226 21.4592 16.6945 40.0160 10.9769 145.7500 0.08052 0.43440 42.1585 4.0331 36.0360 82.4500 16.1420 1.4925 105.8000 0.9901 5.1660 18.8857 46.2963 181.1500 AUG. 13 113.7000 5.66893 2.42365 81.2810 12.6024 21.5285 16.5426 39.7346 11.0254 144.1500 0.07974 0.43159 42.2297 4.0323 35.8166 82.1000 16.0128 1.4948 105.2600 0.9929 5.1391 18.7196 46.1042 180.4000 AUG. 14 113.7300 5.6593J 2.4154b 81.5462 12.5628 21.454b 16.5426 39.5726 11.0254 144.5000 0.07924 0.42781 42.0875 4.0177 35.6633 81.8700 15.9872 1.4881 104.8800 0.983$ 5.1391 18.7003 45.7457 180.2000
@FedFRASER