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(516/517) Selected Interest & Exchange Rates Weekly Series o f Charts December 10, 2001 DIVISION OF INTERNATIONAL FINANCE Prepared by the BOARD OF GOVERNORS FINANCIAL MARKETS FEDERAL RESERVE SYSTEM SECTION Washington, D.C. 20551 Table o f Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES CHARTS 1. NOMINAL CURRENCY EXCHANGE VALUES 2. 3-MONTH FORWARD EXCHANGE RATES 3. PRICE OF GOLD IN LONDON 4. OVERNIGHT FUNDING RATES AND OFFICIAL INTEREST RATES 5. 3-MONTH INTEREST RATES 6. LONG-TERM GOVERNMENT BOND YIELDS 7. STOCK INDEXES SUBSCRIPTION RATES: Weekly $30.00 per year or $.70 each in the United States, its possessions, Canada, and Mexico. Elsewhere, $35.00 per year or $.80 each. Address requests to Publications Services Division of Support Services and make payment remittance payable to the Board of Governors of the Federal Reserve System in a form collectible at Par in U.S. currency. Chart 1 Nominal Currency Exchange Values Dollar prices of foreign currencies and weighted average values of U.S. dollar (Averages for week ending Wednesday, ratio scale, March 1973 = 100) 200 180 160 140 120 290 260 230 200 170 260 220 180 140 90 70 50 30 Chart 2 3-Month Forward Exchange Rates Premium (+) or (-) (Averages for week ending Wednesday, percent per annum) Chart 3 Price of Gold in London (Averages for week ending Wednesday) u.s, dollars per fine ounce U.S. dollars per fine o i 420 420 12.5 Kg Bars 400 400 Afternoon fixing price 380 380 360 360 340 340 320 320 300 300 280 280 260 260 240 1996 1997 1998 1999 2000 2001 240 Chart 4 Interbank Funding Rates and Official Interest Rates (Averages for week ending Wednesday, percent per annum) Chart 5 3-Month Interest Rates (Averages for week ending Wednesday, percent per annum) Chart 6 Long-Term Government Bond Yields (Averages for week ending Wednesday, percent per annum) Chart 7 Stock Indexes (Averages for week ending Wednesday, ratio scale, December 3 0 ,1 9 9 4 = 100) 7-Nov-01 Chart 1. 14-Nov-Ol 21-Nov-01 28-Nov-01 5-Dec-01 Nominal Currency Exchange Values Noon buying rates (U.S. cents, weekly averages) Australian dollar Canadian dollar Japanese yen Restated German mark and euro Swedish krona Swiss franc U .K . pound 51.0440 62.760 0.82309 90.04 9.4732 61.154 146.09 51.6925 62.590 0.82759 88.71 9.4538 60.459 144.92 51.8760 62.862 0.81414 88.11 9.3954 60.317 142.06 51.9750 62.710 0.80630 88.14 9.3954 60.242 141.48 51.7740 63.491 0.80696 88.98 9.3726 60.472 142.17 36.13 62.55 215.51 129.50 41.95 196.74 59.09 36.59 62.38 216.69 127.60 41.87 194.50 58.62 36.72 62.65 213.17 126.73 41.61 194.05 57.46 36.79 62.50 211.12 126.77 41.61 193.81 57.22 36.64 63.28 211.29 127.97 41.51 194.55 57.50 -2.21 -0.26 -1.41 2.02 -0.01 -1.90 -2.24 -0.26 -1.33 2.13 -0.04 -1.85 -2.19 -0.17 -1.33 2.12 0.07 -1.81 -2.23 -0.20 -1.39 1.94 0.07 -1.96 278.37 273.86 273.23 275.65 Indexes, March 1973 base rates = 100 Australian dollar Canadian dollar Japanese yen Restated German mark and euro Swedish krona Swiss franc U .K . pound Chart 2. 3-Month Forward Exchange Rates Australian dollar Canadian dollar Euro Japanese yen Swiss franc U .K . pound Chart 3. -2.08 -0.29 -1.38 2.13 0.13 -1.99 Gold Price in London, Afternoon Fixing U.S. dollars per fine ounce Chart 4. Premium or Discount Interbank Funding Rates and C United States Target federal funds rate Effective federal funds Discount rate Canada Bank rate Call money Lower bound Euro area Marginal lending rate Eonia Repo rate Overnight deposit rate Japan Call money Discount rate Switzerland* Upper bound Libor rate Lower bound United Kingdom Call money Repo rate 279.60 .cial Interest Rates 2.36 2.36 1.86 2.00 2.03 1.50 2.00 2.01 1.50 2.00 1.95 1.50 2.00 2.02 1.50 3.00 2.75 2.50 3.00 2.75 2.50 3.00 2.74 2.50 2.50 2.53 2.00 2.50 2.24 2.00 4.75 3.82 3.75 2.75 4.25 3.69 3.25 2.25 4.25 3.29 3.25 2.25 4.25 3.32 3.25 2.25 4.25 3.30 3.25 2.25 0.00 0.10 0.00 0.10 0.00 0.10 0.00 0.10 0.00 0.10 2.75 2.03 1.75 2.75 2.01 1.75 2.75 2.18 1.75 2.75 2.10 1.75 2.75 1.99 1.75 3.67 4.50 3.30 4.00 3.73 4.00 3.17 4.00 4.08 4.00 *In January 2000, the Swiss National Bank becjan to ..target--the JSwiss .Franc .3-jnantirJjXBOR interest rate, with the aim of keeping this rate inside a range given by an upper and a lower bound. 7-Nov-01 Chart 5. 14-Nov-01 21-Nov-01 28-Nov-01 5-Dec-01 3-Month Interest Rates 2.07 2.03 1.92 2.06 U.S. 90-day C D ’s, secondary market 4.28 4.34 4.25 4.30 Australian bank bill 2.47 2.45 2.45 2.45 Canadian finance paper 3.47 3.34 3.37 3.38 Euro-area interbank 0.03 0.03 0.03 0.03 Japanese CD 3.83 3.79 3.88 3.90 Swedish treasury bill 1.92 1.96 2.08 2.00 Swiss interbank 4.04 3.82 U.K. interbank sterling 3.88 3.88 2.23 2.17 Weighted average foreign interest rate 2.19 2.19 (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 6. Long Term Government Bellwether Bond Yields 10-year maturity, where available 4.91 4.90 5.35 Canada 5.43 4.44 4.48 4.70 4.76 France 4.29 4.34 Germany 4.56 4.62 4.65 4.68 4.90 Italy 4.95 Japan 1.31 1.32 1.35 1.37 2.94 3.01 Switzerland 3.20 3.25 4.44 4.44 4.71 United Kingdom 4.68 4.29 4.40 4.87 United States 5.01 4.12 Weighted average foreign interest rate 4.14 4.40 4.45 (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 7. 1.96 4.30 2.22 3.36 0.03 3.88 1.90 3.91 2.11 5.25 4.69 4.56 4.89 1.38 3.27 4.66 4.79 4.37 Stock Indexes (Wednesday figures) Canada France Germany Euro area* Italy Japan Switzerland** United Kingdom United States 169.62 229.56 188.01 294.81 215.21 66.61 245.97 109.57 226.54 174.42 234.80 196.41 302.71 221.98 65.37 252.86 113.00 230.92 173.98 234.78 201.26 310.44 227.78 67.90 256.42 116.39 230.96 174.63 229.99 195.59 308.93 222.78 67.56 248.61 114.10 229.22 180.85 241.33 202.59 306.75 230.03 67.18 255.56 117.41 235.64 Indices (in order, rebased to December 30, 1994, **December 29, 1994) are Toronto Composite, SBF250, FAZ Aktien, *Dow Jones EURO stock index, Banca Italiana General, Tokyo SE (Topix), Swiss Performance Index, Financial Times Ordinary, NYSE Composite
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