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l61 /617 ' V//f Selected Interest & Exchange Rates Weekly Series of Charts December 28,1981 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 r 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 Reserv6 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 t 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 0 120 120 - y \ - U.K. PC)UND 100 ^ - \ / / \ 80 X, w - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I I | M | I ~ I I I I I I 100 80 60 110 x 90 GERMAN MARK FRENCH1 FRANC " 1 1 1 1 1 1 70 1 1 1 1 1 1 1 1 1 1 1 [A JAPANESE YEN 240 200 160 SWISS FRANC 1 1 1 140 i l l ii h i l l i 120 160 BELGIAht FRANC 140 \ - 120 DUTCH GUILDER 100 " 1 1 1 ' I I I 100 100 ITALIAN LIRA 80 60 40 - 1 1 60 CANADIAN DOLLAR J_L 1979 1111 1981 80 1 1 1979 40 1 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (•) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER A N N U M 6 24 CANADIAN DOLLAR ITALIAN LIRA - - 0 V I I I 24 V 12 I I I - 6 - vxAV I 12 DUTCH GUILDER U. K. POUND Vvu - 6 1 1 1 18 12 GERMAI^ MAIFtK SWISS FRANC - - 12 - / u x I I I ,,|, - lllllllllll \ I I h f \ ~ I 12 FRENCH FRANC 12 1979 - 12 — 6 JAPANESE YEN 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D PER F I N E OUNCE U.S. D O L L A R S PER F I N E 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS A F T E R N O O N F I X I N G PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 1978 1979 1980 1981 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER M NT PER A N N U M 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 NETHERLANDS 4 + 0 + 0 24 24 20 20 16 FRANCE 16 GERMANY 12 12 8 8 JAPAN 4 4 ' i l l CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER A N N U M P E R C E N T 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 12 IV 8 VlV,I..M 4 1979 1981 1979 I - 8 - 4 0 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER AL ENT PER A N N U M 24 24 3-MONTH OVERNIGHT 20 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 16 - 20 A J 16 \ 12 12 - 8 8 4 I 1979 1981 I 1979 4 I 1981 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+), FAVORS BORROWING M U. S. AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER A N N U M P E R C E N T PER A N N U M 26 26 22 FEDERAL FUNDS 18 EURO-DOLLAR DEPOSITS 14 10 DAY CD OVERNIGHT EURO-DOLLAR DEPOSITS I I I I I I I I I I I I I I I I I I I I I I 11 I 3 DIFFERENTIAL DIFFERENTIAL W v V y V U 2 ^ V A A V A ,/ A N Y v v A V 1 2 3 I I 1 1 1 1 1 I 111 1979 1 P E R C E N T ON D I F F E R E N T I A L SCALE = 2 P E R C E N T ON RATE S C A L E 1981 1979 I I i I I I I I I I I 1961 4 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM P E R C E N T PER ANNUM 28 28 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 20 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON DIFFERENTIAL — J V \ DIFFERENTIAL — , , ,| — • W V j - 2 28 - — V u l i Hi ill i - INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 20 v V rr ~~ jvv J V* EURO-DOLLAR DEPOSITS 1 1 1 I 1 1 1 — • . DIFFERENTIAL , 1 i | / W 1 1 1 1 1979 1 1 V v EURO-DOLLAR DEPOSITS " 0 ^ " l l 111111111111 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 2 DIFFERENTIAL i l l 11111111111 1979 11111111111 1981 2 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER M 19 U. S. CORPORATE 19 MONTHLY 17 17 15 15 UNITED STATES Aaa BONDS 13 13 11 11 9 9 E U R O - D O L L A R BONDS I I I I I I I Ml I I I I I 7 7 9 12 SWITZERLAND 10 7 8 5 GERMANY 6 3 4 1 13 15 MONTHLY UNITED KINGDOM JAPAN 11 13 9 11 7 9 5 7 19 18 16 17 FRANCE 14 15 CANADA 13 12 11 10 9 8 NETHERLANDS 6 7 1979 1981 1979 1981 CHART 1 0 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E 1969=100 RATIO S C A L E 1969=100 180 . JAPAN UNITED STATES V - Xv/ Wx A - W f — - - A V/ I IIIIIIIIII - 100 - UNITED KINGDOM SWITZERLAND FRANCE GERMANY 80 - - y v - V\ lYvVv j\f V - CANADA NETHERLANDS 60 45 1979 - 140 - 120 — 100 80 140 120 160 1981 1979 1981 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT E X C H A N G E R A T E S AND INDICES WEEKLY A V E R A G E S , NOON BUYING RATES (U.S. CENTS) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH F R A N C SWISS FRANC BELGIAN F R A N C ITALIAN LIRA DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 23 23 23 23 23 23 23 23 23 43.,84 0.,45557 40.,05 188.,16 84.,34 17.,35 54..93 2., 60419 0..08232 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 23 23 23 23 23 23 23 23 23 123.33 119.28 114.97 76. 10 84.06 78.17 176.73 102.62 46.76 23 23 23 23 23 23 23 23 23 23 23 105.97 135.71 128.21 121.90 77. 80 87.11 79. 95 188.28 107.81 46.34 82.45 23 23 23 23 23 23 23 23 -2.70 -1.83 2.60 -3.65 3.57 2.56 6.62 -9.05 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC 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 INDICES, MAR 1973 = 100 (G-10 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 GUILDER U.K. P O U N D CANADIAN DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA SWEDISH KRONA DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. CHART 2. 3-MONTH F O R W A R D E X C H A N G E RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH F R A N C SWISS F R A N C DUTCH GUILDER JAPANESE YEN ITALIAN LIRA DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE DEC. 23 408.50 . CALL MONEY RATES U.S. FEDERAL F U N D S OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY L O C A L AUTHORITY DEPOSITS CANADA GERMANY EUEO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. SEPT. DEC. 23 23 18 4 18 11 18 18 4 11 12.43 12.34 14.75 19.71 10.50 10.30 6.31 15.38 13.70 3.45 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 23 23 23 23 23 23 23 12. 97 10. 89 6. 63 15. 95 15. 50 9. 90 12. 46 DEC. DEC. DEC. DEC. DEC. DEC. 23 23 23 23 23 23 12.34 12.76 13.23 13.65 14.65 14.38 CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS & DISCOUNTS C A N A D I A N F I N A N C E PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED A V E R A G E FOREIGN INTEREST RATE (G-10 C O U N T R I E S PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR i CHART 7. SELECTED E U R O - D O L L A R . A N D U.S. MONEY M A R K E T RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR R E S E R V E R E Q U I R E M E N T S DEC. 23 DEC. 23 DEC. 23 12. 34 12. 43 - 0 . 09 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY M A R K E T DIFFERENTIAL DEC. 23 DEC. 23 DEC. 23 13. 65 12. 97 0. 68 SERIES NAME LAST V A L U E PLOTTED DATE VALUE CHART 8. I N T E R E S T A R B I T R A G E , 3 - M O N T H F U N D S EURO-DOLLAR DEPOSIT I N T E R B A N K STERLING (LONDON), C O V E R E D DIFFERENTIAL DEC. 23 DEC. 23 DEC. 23 13.,65 13,,60 0.,05 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 DEC. 23 D E C . 23 DEC. 23 12.,50 13., 14 -0.,64 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL DEC. 23 DEC. 23 DEC. 23 13..65 13..56 0..09 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL DEC. 23 DEC. 23 DEC. 23 13.. 65 13..56 0..09 DEC. 18 4 DEC. SEPT. NOV. 13 4 DEC. OCT. 16 4 SEPT. 11 DEC. 13. 58 9. 60 9. 03 5. 73 14. 52 17. 07 11. 98 13. 08 CHART 9. LONG TERM G O V E R M E N T BOND Y I E L D S UNITED S T A T E S GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR CHART 10. BONDS NOV. OCT. 14.22 13.19 STOCK I N D I C E S UNITED S T A T E S UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 9 9 9 9 9 9 9 9 128.99 114.37 193.93 97.79 87.50 75.91 92.67 150.57 pfCOy/ FEDERAL RESERVE statistical release H.10(512) D E C E M B E R 2 9 , 1981 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING D E C E M B E R 25, 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 Z E A L A N D NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT D E C . 21 DEC. 22 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 112.8900 6.25000 ' 2.61097 84.2957 13.5272 22.7273 17.3491 43.7828 10.91-70 155.5000 0.08225 0.45444 44.2674 3.8300 40.0882 82.3700 17.1145 1.5152 103.4000 1.0220 4.9493 17.8731 54.9149 187.1500 112.9500 6.27746 2.61438 84.5881 13.5135 22.7946 17.3762 44.0044 10.9529 156.7500 0.08251 0.45589 44.4444 3.8241 40.0802 82.2500 17.1086 1.5198 103.5800 1.0246 4.9493 17.8891 55.1268 188.6000 (RATE U.S. C E N T S D E C . 23 112.7500 6.25782 2.60417 84.6310 13.5044 22.7531 17.3461 43.9560 10.9649 156.6000 0.08244 0.45310 44.3459 3.8197 40.0641 82.3000 17.1086 1.5129 103.8500 1.0241 4.9493 17.8891 55.1268 188.6500 D E C . 24 112.6000 6.25782 2.58799 84.4880 13.5410 22.7531 17.3310 44.0917 10.9649 156.5000 0.08237 0.45025 44.4840 3.8081 40.0802 82.2500 17.0736 1.5152 103.9000 1.0246 4.9493 17.9051 55.0964 189.3000 D E C . 25 H O L I D A Y
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