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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts February 9,1981 INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 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 RATES-H.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 1973=100 RATIO SCALE MARCH 1973=100 120 - - 100 CANADIAN DOLLAR - r \ / \ ' 80 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I I I 120 FRENCH FRANC : x \ I I I 111111 M I I T 120 - - yvA . V 200 JAPANESE YEN / f — N 100 80 80 240 160 140 100 - - I I I I I I I I|II|II|l" _ SWISS FRANC I I I BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA U.K. POUND I I I III I I I I I 1979 1981 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR W : AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER A L 6 CANADIAN DOLLAR ITALIAN LIRA - — 0 1 f l t l l I l i l 1 III III 111 1 1 6 6 U. K. POUND DUTCH GUILDER A 0 6 12 12 SWISS FRANC I A - - 6 — 0 I I I I I I 12 FRENCH FRANC JAPANESE YEN 6 0 6 11 n 111111 1979 1981 1979 1981 : CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D .LARS PER FINE OUNCE U.S. DOLLARS PER FINE ) UNCE aoo 800 750 750 700 700 650 650 600 600 550 550 soo 500 12.5 Kg BARS AFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 f i I i i I i i I i i ' i ' I i i I i 100 1978 1979 1980 1981 J_L 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Al NT PER ANNUM 28 28 24 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 20 16 16 12 12 8 8 4 LLLLLLL LLLL 4 24 24 20 20 16 EURO-SWISS FRANC 16 CANADA 12 12 8 8 NETHERLANDS 4 4 + 0 0 16 16 FRANCE 12 12 GERMANY 8 8 JAPAN 4 4 EURO-DM 0 0 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER Ah NT PER ANNUM 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 12 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 14 8 10 4 I IIIIIIII 6 16 0 12 LOANS AND DISCOUNTS JAPANESE BANK SWISS INTERBANK RATE 12 - 4 8 4 8 0 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM OVERNIGHT 6-MONTH 1-MONTH s •CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL! PLUSM, FAVORS BORROWING IN U. S. AVERAGE* 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 V FEDERAL FUNDS /\ 18 If : j j - 14 22 . - - 18 3-MONTH EURO-DOLLAR DEPOSITS 14 — - 10 - 10 I I I I I I 111 I I 6 — OVERNIGHT T EURO-DOLLAR DEPOSITS '1 6 1 1 I n l u l l . Ill 1 1,1 l l l l 1,1 1 1 3 DEFERENTIAL DIFFERENTIAL + 0 11111111 i l l , I,I I, i i 11,11 i i 1 1 1 1 1 1 1 M, 1979 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1981 1979 11111111111 1981 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER A N N U M PERCENT PER ANNUM 28 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 20 INTERBANK STERLING 20 U. S. COMMERCIAL PAPER COVERED LONDON 4 2 DIFFERENTIAL DIFFERENTIAL 2 + 0 11 l u l l i l | 2 28 28 - INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF> COVERED 20 20 V J v* EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 11111111111 2 DIFFERENTIAL 2 DIFFERENTIAL 0 2 1979 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEkLY SERIES PER NT PER A N N U M PERCENT PER AN 15 15 CANADA UNITED STATES 13 13 11 11 9 9 7 7 10 7 8 SWITZERLAND - - 5 GERMANY 6 3 - 4 I I I I I I nluiuh, 1 17 16 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 6 14 7 U. S. CORPORATE 12 13 MONTHLY MONTHLY JAPAN 11 Aaa BONDS 10 8 9 7 EURO-DOLLAR BONDS 6 i 1979 1981 i i i 1 1 1 11111ii 1111 1979 1981 5 CHART 10 JNOySTRIAL STOCK INDICES WEEKLY SERIES RA'TTO 1969= 180 160 140 - - . UNITED STATES 120 GERMANY - — XvAzav. 100 80 400 360 SWITZERLAND JAPAN 320 280 240 200 200 180 — — 160 140 120 — UNITED KINGDOM - .. . ' — FRANCE GENERAL INDEX 100 . — 80 ' I 1979 1981 I I I I 1979 I 1981 SERIES CHART 1 . SPOT WEEKLY EXCHANGE RATES AVERAGES, LAST VALUE PLOTTED DATE VALUE NAME AND I N D I C E S NOON BUYING RATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH GUILDER 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 1 9 7 3 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. BASE RATES = FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 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 . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA SWEDISH KRCNA 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 GUILDER J A P A N E S E YEN ITALIAN LIRA 47.19 0.48955 43.51 236.36 83.63 20.48 52.04 2.94306 0.09954 4 4 4 4 4 4 4 4 4 132.75 128.18 124.91 95.60 83.35 92.30 167.43 115.97 56.54 4 4 4 4 4 4 4 4 4 4 4 94.78 133.43 125.96 121.27 90.82 78.53 87.25 162.71 111.30 51.73 92.60 4 4 4 4 4 4 4 4 0.07 3.98 7.62 6.26 11.07 7.67 8.86 -1.56 100 GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA IT 2 . 4 4 4 4 4 4 4 4 4 MAR 1 9 7 3 = 100 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. PREMIUM OR DISCOUNT FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. SERIES CHART 3 . GCLD P R I C E U.S. . IN DOLLARS PER LAST VALUE PLOTTED DATE VALUE NAME LONDON, FINE AFTERNOON F I X I N G FEB. BUBO-DOLLAR DEPOSIT RATES: 4 4 30 16 30 23 30 30 9 23 17.19 17.24 1 4 . 13 17.00 9.00 8.81 8.81 10.75 8.70 2.20 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 4 4 4 4 4 4 4 16.55 9.48 8.69 17.08 13.54 6.02 11-33 4 4 4 4 4 4 17.24 19.70 17.56 17.23 16.59 15.68 LONDON OVERNIGHT 7-DAY 1-MCNTH 3-MCNTH 6-MONTH 1-YEAR CHART 7 . FEB. FEB. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS & DISCOUNTS CANADIAN F I N A N C E PAPER INTERBANK S T E R L I N G S W I S S INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 C O U N T R I E S P L C S SWITZERLAND) CHART 6 . 497.00 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U B C - S W I S S FRANC CHART 5 . 4 FEB. FEB. FEB. FEB. FEB. FEB. OUNCE S E L E C T E D EURO-DOLLAR AND U . S . HONEY MARKET R A T E S OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS FEB. FEB. FEB. 4 4 4 17.24 17.19 0.05 3 - M C N T H EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL FEB. FEB. FEB. 4 4 4 17.23 16.55 0.68 SERIES CHART 8 . INTEREST LAST VALUE PLOTTED DATE VALUE NAME ARBITRAGE, 3-MONTH FUNDS EURC-DCLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN F I N A N C E P A P E R , DIFFERENTIAL COVERED COVERED EURC-DCLLAR D E P O S I T INTERBANK DM (FRANKFURT) , 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 . 17.23 17.65 -0.42 FEB. FEB. FEB. 4 4 4 15.98 17.15 -1.17 FEB. FEB. FEB. 4 4 4 17.23 17.28 —0.06 FEB. FEB. FEB. 4 4 4 17.23 17.26 -0.03 JAN. JAN. NOV. JAN. JAN. NOV. JAN. JAN. 30 23 12 . 7 4 9.09 9 .52 4 .80 12 . 7 3 14 . 2 4 9 .98 11 . 4 0 23 16 28 9 23 CORPORATE AAA BONDS EURC-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 4 4 4 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. FEB. FEB. FEB. INDUSTRIAL UNITED 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. 30 30 16 30 30 23 137.11 336.95 145.80 109.43 73.22 94.05 FEDERAL RESERVE statistical release H . 10 ( 5 1 2 ) V8 FEBRUARY FOREIGN EXCHANGE RATES POR THE WEEK ENDING FEBRUARY 6, 10, 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 AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT FEB. 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 116.9000 6.70916 2.93945 83.7451 15.3374 25.0188 20.4436 47.1476 12.2000 176.3000 0.09945 0.49225 44.7828 4.2726 43.4972 94.7000 18.4434 1.8018 130.9500 1.2129 5.5991 21.9058 52.0833 234.9000 2 FEB. 3 (RATE U . S . FEB. 116. 4200 6.56922 2.91886 8 3 . 5 3 52 15.1906 24. 7341 20.3252 46.8384 12.2700 173.8000 0.09881 0.49008 44.6429 4.2699 43.1965 92.3200 18.3925 1.7730 130. 0800 1.1891 5.5991 21.7984 51.6262 235.0500 CENTS) 4 116.6600 6.63570 2.94724 83.6541 15.4261 24.9750 20.5486 47.3037 12.3200 176.4000 0.09950 0.49285 44.8229 4.2680 43.5920 94.5500 18.6081 1.7937 131.1500 1.1935 5.5991 21.9974 52.1921 235.6000 FEB. 5 116.5600 6.58762 2.90444 83.5352 15.1630 24.6184 20.2184 46.5983 12.2700 174.0000 0.09814 0.49273 44.7427 4.2626 42.9646 94.5300 18.5425 1.7809 130.7500 1.1891 5.5991 21.7628 51.4403 234.0500 FEB. 6 116.5600 6.58111 2.91630 83.6051 15.2022 24.6792 20.3046 46.7181 12.2500 174.3000 0.09862 0.49068 44.7427 4.2553 43.0571 94.3600 18.4672 1.7699 130.0000 1.1772 5.5991 21.7297 51 . 4 9 3 3 234.0000
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