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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts P a h r n n u 0 1QR1 DIVISION O F Prepared by the FINANCIAL MARKETS SECTION BOARD OF .GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 February 2 , 1 9 8 1 INTERNATIONAL FINANCE 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 RATESH.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 1973=100 120 - 100 CANADIAN DOLLAR / - 80 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I ~ I FRENCH FRANC - 120 - 100 GERMAN MARK 140 V : JAPANESE YEN / 120 - 200 A - \ 160 100 SWISS FRANC — I I I I I i I i i BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA U.K. POUND 1979 1981 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 __ CANADIAN DOLLAR I I vVvV I I I ITALIAN LIRA - - y I U. K. POUND 12 - 1 1 1 I / I I I iiiiiiiiiii 11111111111 24 12 DUTCH GUILDER : - 1 1 1 6 6 18 GERMAN MARK SWISS FRANC I I I 1 t Aj - I I - 12 1 12 12 —: FRENCH FRANC A JAPANESE YEN I - - - 1 1 1 1 1 1979 1 1981 1979 1981 6 ? CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D i PER FINE OUNCE ' U.S. DOLLARS PER FINE HJNCE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 Aid 400 400 350 350 300 300 250 250 200 200 150 150 100 1979 1980 CHART 4 CALL MONEY RATES WEEKLY SERES P(ERCt•NT. PER ANNUM PERCENT PER Al # 28 24 24 vcT" U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 20 16 16 w 12 8 0% I 4 I I I I I I 11* r l i 1111 l i i l 11 h 11 i l l 11 I I I I I I I l l l l I I I I I 111 I 11 I I I II 4 Occ. 24 24 W 20 16 CANADA EURO-SWISS FRANC 12 12 8 8 NETHERLANDS 4 4 . 0 1 M 11 1 I I I I 11 I I I II I I I I I I I I I I II I I I I I I 16 Ocx m. FRANCE 12 GERMANY - 12 # 8 JAPAN r +••• 0 4 yfEURO-DM I i l l 11 I l l l l I I I I I I I I 11 197» : I I r I I 111 I I i l l I i i l u l l i l n 1979 W 0 J CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER AN 20 20 U . S . CD'S 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 22 16 18 CANADIAN FINANCE CO. PAPER 12 GERMAN INTERBANK RATE 14 8 10 4 I 6 16 I I I I I I I I I ll I I I 0 12 LOANS AND DISCOUNTS JAPANESE BANK SWISS INTERBANK RATE 12 - 8 4 V"IVJ../VI 4 8 1979 1981 1979 11111111111 I! 111111111 1981 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AL ENT PER ANNUM 24 OVERNIGHT 20 3-MONTH 16 12 8 4 24 7-DAY 20 6-MONTH — - 16 12 8 - I 4 I I I I I 24 1-MONTH 20 1-YEAR 16 / - - 12 8 I I II IIIII 4 1979 1981 I I I I I 1979 I I I IIIIIIIII i iIIIIIIIII 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 3-MONTH E U R O - D O L L A R DEPOSITS - 14 10 OVERNIGHT E U R O - D O L L A R DEPOSITS 6 3 DIFFERENTIAL DIFFERENTIAL - 2 - 1 + 0 I I I 111 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 MATE S C A L E 1 - 2 - 3 1 I I I I I 11111 I I I I I 1981 - 1979 1981 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT P E * ANNUM 28 29 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON Mil — DIFFERENTIAL - DIFFERENTIAL ~ - - J V ~l I \ : V ' I - ~ 1 I I INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL 1 — V I I M i l l 1979 lllllllllllll 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 J—I 1979 I 11111; 111111111111 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER M 15 15 CANADA UNITED STATES 13 13 11 11 9 9 7 7 10 7 8 SWITZERLAND - 5 GERMANY a 3 I 4 I I HIMIIIIM 1 17 16 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 7 111 n i l I 11 6 14 9 NETHERLANDS U. S. CORPORATE 12 13 MONTHLY MONTHLY JAPAN 11 Aaa BONDS 9 10 8 7 E URO- DOLLAR BONDS I I I I 6 1979 1981 I I I 1979 5 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 - - UNITED STATES j N * 1 - GERMANY - Vv Az^v 111 A — fy - wV , SWITZERLAND JAPAN - - UNITED KINGDOM A FRANCE vA GENERAL INDEX 1 1979 - 1981 ! 1 fvT If 1 1 1979 1 1981 SERIES CHART 1 . SPOT WEEKLY EXCHANGE R A T E S AVERAGES, L A S T VALUE PLOTTED DATE VALUE NAME AND I N D I C E S NCON 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 1973 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 P L U S 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 28 28 28 28 28 28 28 28 28 4 8 .. 7 0 0 .. 4 9 3 0 4 4 4 .. 8 6 240..73 8 3 .. 9 3 2 1 .. 1 2 5 3 .. 9 0 3 .. 0 3 2 9 9 0 .. 1 0 2 5 8 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 28 28 28 28 28 28 28 28 28 137.01 129.09 128.79 97.37 83.65 95.16 173.41 119.51 58.27 28 28 28 28 28 28 28 28 28 28 28 92.63 135.60 124.42 122.89 90.84 77.31 88.47 165.58 113.22 52.40 92.13 28 28 28 28 28 28 28 28 1.24 4.44 9.20 7.45 12.43 8.94 9.79 0.48 100 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 . JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. MAR 1 9 7 3 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. PREMIUM OR D I S C O U N T JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. SERIES CHART 3 . GCLD U.S. CHART 4 . PRICE DOLLARS CALL IN PER L A S T VALUE P L O T T E D DATE VALUE NAME LONDON, FINE A F T E R N C O N q F£1CJNG OUNCE 3-MONTH INTEREST EURO-DOLLAR DEPOSIT RATES: SELECTED EURO-DOLLAR OVERNIGHT EURO-DOLLAR U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR AND U . S . 28 28 23 16 23 16 23 23 9 16 18.12 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 28 28 28 28 28 28 28 1 7 . 08 14.11 5.90 11.34 JAN. JAN. JAN. JAN. JAN. JAN. 28 28 28 28 28 28 19.01 18.84 19.64 18.56 17.31 16.04 JAN. JAN. JAN. 28 28 28 19.01 JAN. JAN. JAN. 28 28 28 18.56 17.47 1.09 19.01 14.13 17.00 9.00 8.69 9.06 10.75 9.70 2.13 17.47 9.40 8.88 MONEY MARKET R A T E S DEPOSITS RESERVE 3-MCNTH EURO-COLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDARY DIFFERENTIAL JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. LONDON OVERNIGHT 7-DAY 1-MCNTH 3-MCNTH 6-MCNTH 1-YEAR CHART 7 . 538.60 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 L O A N S & D I S C O U N T S CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S I N T E R B A N K LCAN W E I G H T E D AVERAGE F O R E I G N I N T E R E S T R A T E ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 28 MONEY R A T E S U . S . F E D E R A L FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL A U T H O R I T Y D E P O S I T S CANADA GERMANY EURC-DM JAPAN FRANCE NETHERLANDS E U R C - S W I S S FRANC CHART 5 . JAN. REQUIREMENTS RATE MARKET 18.12 0.89 SERIES CHART 8 . INTEREST L A S T VALUE PLOTTED DATE VALUE NAME ARBITRAGE, 3 - M O N I H FUNDS EURC-DCLLAR D E P O S I T INTERBANK S T E R L I N G (LONDON), DIFFERENTIAL U . S . COMMERCIAL P A P E R CANADIAN F I N A N C E P A P E R , DIFFERENTIAL COVERED COVEEED EURC-DOLLAR D E P O S I T I N T E R B A N K CM ( 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 CHART 9 . 18.56 18.71 -0.15 JAN. JAN. JAN. 28 28 28 16.84 18.37 -1.53 JAN. JAN. JAN. 28 28 28 18,, 5 6 1 8 .. 8 1 - 0 ,.25 JAN. JAN. JAN. 28 28 28 1 8 .. 5 6 1 8 ,. 5 2 0 .. 0 5 JAN. JAN. NOV. JAN. JAN. NOV. JAN. JAN. 23 16 1 2 .. 7 2 8 ,, 9 9 9 .. 5 2 4 .. 5 8 1 2 .. 7 3 1 4 .. 2 4 9 .. 9 8 1 1 .. 5 5 9 16 28 9 16 CORPORATE AAA BONDS EURO-DM BONDS E U R O D O L L A R BONDS CHART 1 0 . 28 28 28 LCNG 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 U.S. JAN. JAN. JAN. INDUSTRIAL U N H I D STATES JAPAN FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY DEC. DEC. OCT. 13.21 6.63 11.27 STOCK I N D I C E S JAN. JAN. JAN. JAN. JAN. JAN. 23 23 9 23 23 16 138. 336. 143. 109. 74. 94. 10 77 50 98 34 68 FEDERAL RESERVE statistical release H . 10 ( 5 1 2 ) JANUARY 3 0 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 3 0 , 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 JAN. 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 118.8000 6.86577 3.03675 84.0336 15.8328 25.4777 21.1282 48.7377 12.5300 181.9000 0.10256 0.49128 44.8833 4.2730 44.8833 95.8500 18.7776 1.8399 133.1700 1.2300 5.9701 22.1902 54.0248 241.6000 26 JAN. 27 (RATE U . S . JAN. 117.7000 6.82594 3.01386 83.9208 15.6617 25. 3421 20.9688 48.2859 12.4500 180.7000 0.10173 0.49383 45.0248 4.2699 44.4840 95. 9000 18.5529 1.8298 132.8500 1.2225 5.9701 21.9298 53.4902 240.2000 CENTS' 28 117.5500 6.78196 2,98686 83.7311 .15,6006 25.3550 20.8377 47.9616 12.4200 179.5000 0.10106 0.48900 45.1365 4.2717 44.1696 95,7000 18.5408 1.8182 132.4000 1.2200 5.9701 21.9780 53.1208 240-8300 JAN. 29 117,4000 6.75447 2.98063 83.4724 15.4919 25. 1446 20.7189 47.7555 12.3900 178.4000 0.10070 0.49876 44.9843 4.2721 43.9850 95.3000 18.4672 1.8083 132. 1800 1.2162 5. 9701 21.8962 52.5486 239. 6800 JAN. 30 117.8400 6.66222 2.92912 83.7311 15.2555 25.0000 20.3770 46.9043 12.3500 175.2000 0.09921 0.4837 S 44.6628 4.2699 43.2900 94.8800 18.2399 1.7937 131.5500 1.2085 5.5991 21.7391 51 . 7 5 9 8 236.5500
@FedFRASER