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(516/517) Selected Interest & Exchange Rates Weekly Series o f Charts February 20, 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 Foreign currency price of U.S. dollar (Major currencies index) Restated German mark and euro 180 160 140 120 290 Canadian dollar Japanese yen 260 230 200 170 260 U.K. pound Swiss franc 220 180 140 90 Australian dollar Swedish krona 70 50 30 Chart 2 3-Month Forward Exchange Rates Premium (+) or (-) (Averages for week ending Wednesday, percent per annum) 1 German mark and euro U.K. pound 0 -1 -2 -3 8 Canada Japanese yen 6 4 2 Swiss franc 2 Australian dollar 1 0 -1 -2 Chart 3 Price of Gold in London (Averages for week ending Wednesday) Chart 4 Interbank Funding Rates and Official Interest Rates (Averages for weeK ending W ednesday, 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 w eek ending W ednesday, percent per annum) 8 United States Germany 6 4 Weighted average foreign rate 2 1999 2000 0 8 Canada 6 4 2 0 United Kingdom 8 France 6 4 2 0 8 Switzerland 6 4 2 0 Chart 7 Stock Indexes (Averages for week ending Wednesday, ratio scale, December 3 0 ,1 9 9 4 = 100) ‘ December 2 9 ,1 9 9 4 = 100 17-Jan-01 24-Jan-01 31-Jan-01 7-Feb-01 Chart 1. 14-Feb-Ol 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 55.5375 66.551 0.84936 94.22 10.6004 61.294 147.85 55.3060 66.149 0.85216 93.66 10.5124 61.146 146.84 54.5380 66.546 0.85782 92.37 10.4087 60.548 145.99 55.0420 66.561 0.86648 93.54 10.5008 60.886 146.87 53.4560 65.866 0.85408 92.28 10.2894 60.099 145.06 39.31 66.33 222.39 135.51 46.94 197.19 59.80 39.14 65.93 223.12 134.71 46.55 196.71 59.39 38.60 66.33 224.61 132.86 46.09 194.79 59.05 38.96 66.34 226.87 134.54 46.50 195.88 59.40 37.83 65.65 223.63 132.72 45.57 193.35 58.67 -0.28 0.16 0.77 5.13 2.14 -0.17 -0.20 0.15 0.68 4.91 2.06 -0.20 -0.17 0.14 0.63 4.93 1.93 -0.28 -0.17 0.15 0.68 4.95 1.88 -0.28 265.26 264.15 265.13 260.99 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, Premium or Discount Australian dollar Canadian dollar Euro Japanese yen Swiss franc U.K. pound Chart 3. Gold Price in London, Afternoon Fixing U.S. dollars per fine ounce Chart 4. -0.20 0.25 0.87 5.26 2.33 -0.06 263.86 Interbank Funding Rates and Official Interest Rates 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 6.00 6.02 5.50 6.00 5.96 5.50 5.93 5.94 5.43 5.50 5.51 5.00 5.50 5.46 5.00 6.00 5.75 5.50 5.75 5.62 5.25 5.75 5.49 5.25 5.75 5.50 5.25 5.75 5.49 5.25 5.75 4.80 4.75 3.75 5.75 4.61 4.75 3.75 5.75 4.79 4.75 3.75 5.75 4.77 4.75 3.75 5.75 4.78 4.75 3.75 0.25 0.50 0.25 0.50 0.25 0.50 0.24 0.50 0.26 0.35 4.00 3.40 3.00 4.00 3.43 3.00 4.00 3.44 3.00 4.00 3.44 3.00 4.00 3.49 3.00 6.25 6.00 6.33 6.00 5.70 6.00 6.73 6.00 5.76 5.75 *In January 2000, the Swiss National Bank began to target the Swiss Franc 3-month LIBOR interest rate, with the aim of keeping this rate inside a range given by an upper and a lower bound. 17-Jan-01 24-Jan-01 31-Jan-01 7-Feb-01 Chart 5. 3-Month Interest Rates U.S. 90-day CD's, secondary market 5.54 5.65 5.32 5.46 Australian bank bill 5.96 5.71 5.93 5.79 Canadian finance paper 5.46 5.34 5.50 5.43 Euro-area interbank 4.77 4.76 4.72 4.80 0.41 Japanese CD 0.45 0.43 0.40 Swedish treasury bill 4.15 4.14 4.13 4.11 Swiss interbank 3.35 3.31 3.32 3.35 5.77 5.71 U.K. interbank sterling 5.83 5.68 3.85 3.84 Weighted average foreign interest rate 3.89 3.79 (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 6. 5.31 5.71 5.32 4.74 0.36 4.12 3.40 5.67 3.78 Long Term Government Bellwether Bond Yields 10-year maturity, where available 5.44 5.45 5.41 Canada 5.45 4.95 4.99 4.98 4.91 France 4.77 Germany 4.81 4.85 4.84 5.19 5.23 5.22 5.15 Italy 1.56 1.49 1.46 1.49 Japan 3.65 3.65 Switzerland 3.58 3.59 4.97 4.84 United Kingdom 4.92 4.91 5.24 5.27 5.21 5.15 United States Weighted average foreign interest rate 4.60 4.60 4.58 4.54 (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 7. 14-Feb-01 Stock Indexes Canada France Germany Euro area* Italy Japan Switzerland** United Kingdom United States 5.41 4.91 4.77 5.16 1.43 3.57 4.87 5.08 4.53 (Wednesday figures) 210.73 299.30 255.05 390.40 304.74 82.12 319.80 149.79 258.25 220.86 300.73 258.70 393.11 306.42 83.64 318.40 150.89 261.52 221.23 305.45 260.00 394.78 308.06 83.40 322.46 151.29 264.46 216.86 295.35 255.70 388.66 297.65 81.30 321.67 150.40 262.85 211.49 289.80 251.29 382.73 292.70 80.51 314.03 148.79 259.84 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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