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Selected Interest & Exchange Rates Weekly Series of Charts January 12, 1981 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM UTashington, D . C . 2 0 5 5 1 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $15:00 per year or $ . 4 0 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same issue t o 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 t o 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 A N D 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 1 9 7 3 = 1 0 0 120 - - CANADIAN DOLLAR 100 - — 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 1 1 1 I I I . . . 7 FRENCH FRANC GERMAN MARK 140 V. 120 JAPANESE YEN - - 100 80 I I I 1 1 1 hIMIMIM 160 : A 200 ;J* i i i 160 SWISS FRANC 1 I 1 . . I . . . ~ 120 160 BELGIAN FRANC 140 140 120 120 DUTCH GUILDER 100 100 I I I 100 100 — 80 — 60 UK. 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 6 24 CANADIAN DOLLAR A A ITALIAN LIRA - V I I I I I I I I I III III I I i i i 1 1 1 - :y 24 — U. K. POUND - DUTCH GUILDER II I - - 12 I I I GERMAN MARK SWISS FRANC - 11 i l l I I I I 11 1 w 1 1 t 1 1 12 Ilillllllll Ilillllllll I I - 12 FRENCH FRANC \ JAPANE SE YEN I - 0 - I 1979 1981 I I 1 1 1979 1 & 1981 CHART 3 ' PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D PER FINE OUNCE U.S. DOLLARS PER FLNE i UNCE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS AFTERNOON FIXING 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 :NT PER ANNUM PERCENT PER AL 28 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 12 8 4 24 20 16 EURO-SWISS FRANC CANADA 12 8 4 NETHERLANDS 0 16 FRANCE 12 ~ GERMANY - 8 JAPAN 4 — EURO-DM 0 lllllllll.il 1979 1981 I I I'l I I 1979 I 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER [HI PER ANNUM PERCENT PER Ah 20 20 U.S. CD'S 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE i i I i I I i i l rt 4 4 22 18 16 CANADIAN FINANCE CO. PAPER 12 GERMAN INTERBANK RATE 14 8 10 4 6 0 16 12 LOANS AND DISCOUNTS JAPANESE BANK SWISS INTERBANK RATE 12 8 8 4 0 4 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATE& LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AF ENT PER ANNUM 20 MUNT 24 24 3-MONTH OVERNIGHT 20 16 16 12 12 8 8 4 4 24 24 6-MONTH 7-DAY 20 20 1tf 16 t2 12 8 a 4 ItrniiHH 24 24 : 1-MONTH 20 16 : 1-YEAR 20 16 12 12 8 - 4 4 I 1979 1981 l I I I 1979 I 8 4 1981 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+). FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 FEDERAL FUNDS 3-MONTH EURO-DOLLAR DEPOSITS OVERNIGHT 90-DAY CD S EURO-DOLLAR DEPOSITS I M 1M 1M 1M l DIFFERENTIAL DIFFERENTIAL I " ^ A 0 1 2 3 I I 1I 1111I I I 1979 I I I I I II I I 1981 I I 1979 I 11111111111 11111111111 1?81 1 PERCENT ON DIFFERENTIAL SCALE ? 2 PERCENT ON RATE SCALE . » 4 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 20 A A j w 12 K 20 f i -- 12 il / // ' Z ^ - ' INTERBANK STERLING u. s . COMMERCIAL PAPER COVERED LONDON i i i 111111111111 4 2 DIFFERENTIAL - DIFFER ENTIAL - A-VVM VA , I I : I INTERBANK DM COVERED FRANKFURT 20 12 EURO-DOLLAR DEPOSITS I I EURO-DOLLAR DEPOSITS I DEFERENTIAL DIFFERENTIAL — | A/WVV) & - I I i i i i 1979 i iiiiiiiiiiiiiiiii 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES PEF ENT PER ANNUM PERCENT PER AL 15 15 CANADA UNITED STATES 13 13 - - 11 11 9 9 I 7 I I I I I I I I I I I I I I I I I I I I I I I I7I 7 10 8 SWITZERLAND - - 5 GERMANY 6 3 I 4 I - I 1 16 17 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 11 6 14 U. S. CORPORATE 12 7 13 MONTHLY MONTHLY JAPAN 11 Aaa BONDS 10 8 9 7 EURO-DOLLAR BONDS 6 5 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=10a 180 160 180 - - 140 - 100 - A / AJ i 80 400 - UNITED STATES JVV ' 120 i - I I I MlMll.lM — 360 - JAPAN 320 — y — - I I I I I I I I I I 140 - 120 - 100 > IIIIII> III 80 — — — — A 1/ f 90 IlllIlllllI 70 60 - I I I I I I iihiliiln 50 200 100 80 — ysA I I - SWITZERLAND 240 - 200 A MlMlMh. — 280 — GERMANY - - V/V i 160 ;— 200 180 160 UNITED KINGDOM - FRANCE 140 120 GENERAL INDEX 100 80 JLL 1979 1981 1979 1981 SERIES CHART 1. SPOT WEEKLY EXCHANGE AVERAGES, GERMAN RATES NOON L A S T VALUE PLOTTED DATE VALUE NAME AND BUYING INDICES BATES (U.S. CENTS) DOLLAR FRENCH FRANC SWISS FRANC INDICES, FRANC LIRA MARCH GERMAN 1973 BASE RATES = JAN. JAN. JAN. CANADIAN DOLLAR FRENCH FRANC SWISS FRANC ITALIAN LIRA JAN. JAN. JAN. JAN. CGHTED AVERAGE EXCHANGE V A L U E I N D I C E S , (G-10 COUNTRIES PLUS SWITZERLAND) U . S . CHART 84,.04 22..18 56..63 JAN. JAN. J A P A N E S E YEN DUTCH G U I L D E R U.K. POUND FRANC JAN. JAN. JAN. JAN. JAN. 3.. 1 8 9 4 6 0. . 1 0 7 9 5 100 MARK BELGIAN 47..20 2 4 0 .. 7 9 JAN. JAN. DUTCH GUILDER U.K. 'POUND BELGIAN ITALIAN 0 .. 4 9 8 5 9 JAN. YEN CANADIAN 51..31 JAN. MARK JAPANESE MAR 1973 = 144.33 130.55 135.51 97.39 7 7 7 7 99.95 182.17 125.64 83.76 7 61.32 7 7 139.74 7 7 122.24 1 2 6 . 0 8 7 7 89.21 75.21 100 JAN. DOLLAR 7 7 7 7 89.51 G E R M A N MARK J A P A N E S E YEN JAN. JAN. DUTCH U.K. POUND CANADIAN DOLLAR JAN. JAN. JAN. FRENCH FRANC SWISS FRANC BELGIAN FRANC JAN. JAN. JAN. 7 7 7 90.69 169.44 116.00 ITALIAN SWEDISH JAN. JAN. 7 7 53.78 93.03 2. GUILDER LIRA KRONA 3-MONTH CANADIAN U.K. FORWARD DOLLAR POUND EXCHANGE RATES, PREMIUM OR DISCOUNT JAN. JAN. GERMAN MARK JAN. FRENCH FRANC JAN. JAN. JAN. JAN. JAN. SWISS FRANC DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA 0.. 5 5 2 .. 9 1 7.. 9 1 5 .. 4 5 11.. 9 0 7.. 7 7 8 .. 3 8 - 0 ..74 SERIES CHART 3. GOLD U . S . CHART 4. IN PRICE DOLLARS CALL LONDON, PER MONEY FINE 2-DAY AFTERNOON FIXING OUNCE JAN. 7 5 9 1 . 6 9 7 7 20.06 DEPOSITS JAN. JAN. JAN. DEC. JAN. JAN. JAN. JAN. 2 19 2 2 2 2 14.25 15.60 9 . 0 5 DEC. JAN. 12 7 . 8 5 2 3.88 RATES T J . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR U.K. L A S T VALUE PLOTTED DATE VALUE NAME LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS CHART 5. 3-MONTH U . S . FRANC INTEREST 90-DAY CD'S, SECONDARY CHART EURO-DOLLAR DEPOSIT DISCOUNTS RATES: 16.34 JAN. JAN. JAN. MARKET CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S I N T E R B A N K LOAN W E I G H T E D AVERAGE FOREIGN I N T E R E S T R A T E ( 1 - 1 0 COUNTRIES PLUS SWITZERLAND) 6. 8 . 9 2 9 . 3 8 10.88 RATES GERMAN I N T E R B A N K LOAN J A P A N E S E BANK T.OANS F CHART 19.25 JAN; JAN. JAN. 9.42 9 . 2 5 17.19 14.55 5 . 5 8 JAN. 11.46 LONDON OVERNIGHT JAN. 19.25 7-DAY JAN. 1-KCNTR 3-MONTH JAN. JAN. 19.88 18.75 17.06 6-MCNTH 1-YEAR JAN. JAN. 15.61 14.81 7. SELECTED EURO-DOLLAR AND U.S. CVERNTGKT EURO-DOLLAR U . S . FEDERAL FUNDS DEPOSITS DIFFERENTIAL RESERVE ADJ. FOR 3-MCNTH EURO-DOLLAR DEPOSIT U . S . 90-DAY CD'S, SECONDARY DIFFERENTIAL MONEY MARKET REQUIREMENTS RATE MARKET RATES JAN. JAN. 7 7 19. 25 2 0 . 06 JAN. 7 JAN. JAN. 7 7 17. 06 JAN. 7 72 -0. 81 16. 34 0. SERIES CHART FI. INTEREST ARBITRAGE, ET7RO-DOLLAP INTERBANK "LAST VALP'S P L O T T E D DATE VALOl NAME 3-MONTH FUNDS STERLING (LONDON) , COVERED DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN F I N A N C E P A P E F , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL EURO-DOLLAR SWISS DEPOSIT INTERBANK, COVERED DIFFERENTIAL CHART 9 . LCNS TERM 17.06 JAN. DEPOSIT GOVERSBNT BOND JAN. 17.57 JAN. - 9 . 5 0 JAN. JAN. 15.63 17.76 JAN. - 2 . 13 JAN. JAN. 17.06 JAN. 17.52 ^ 0 . 4 6 JAN. 17.06 JAN. 17.65 JAN. - 0 . 5 9 YIELDS 2 2 12.36 9 . 0 3 DEC. 19 9 . 5 2 4 . 7 3 CANADA FRANCE DEC. NOV. 19 14 14.23 NETHERLANDS U N I T E D KINGDOM DEC. JAN, 12 2 1 0 . 3 6 11.51 UNITE!) STATES JAN. GERMANY JAPAN (MONTHLY) SWITZERLAND JAN. NOV. !. CORPORATE AAA BONDS EURO-DM BONDS EURC-DOLLAR 0. 13.14 BONDS INDUSTRIAL STOCK NOV. 12.97 DEC. OCT. 11.27 6 . 6 3 INDICES UNITED.STATES JAN. 2 144.78 JAPAN JAN. 2 19 325.12 1 5 2 . 6 0 1 13.03 74.94 ERANCE UNITED KINGDOM SWITZERLAND GERMANY DEC. JAN. JAN. DEC. 2 2 26 93.21 FEDERAL RESERVE statistical release a "10(5121 JANUARY FOREIGN EXCHANGE RATES FOR THE WEEK E N D I N G JANUARY 9, 9, 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 Z E A L A N D NORWAY PORTUGAL SODTH A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT 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 fRA'PE U . S . JAN. 5 118.4700 7.22022 3.20410 84.1326 16.7168 26.0620 22.2643 51.5730 12.8000 190.2500 0.10811 0.50239 45.1467 4.2937 47.4834 96.5400 19.4666 1.8868 134.4700 1.2598 5.9701 22.9674 56.9152 241.5500 JAN. 6 118.9000 7.30460 3.21337 84.1609 16.7870 26.2916 22.3439 51.6796 12.6700 192.2000 0.10858 0.50075 45.2796 4.2900 47.5059 96.9500 19.5389 1.9029 134.9600 1.2750 5.9701 23.2558 57*1265 242.2500 JAN. CENTS] 7 118.9000 7.26216 3.18776 84.1751 16.6875 26.2329 22.2099 51.3479 12.7200 191.0000 0.10828 0.49739 45.2386 4.2918 47.2590 96.9800 19.5027 1.8975 135.6700 1.2663 5.9701 22.9621 56.5931 241.1500 JAN. 8 118.6500 7.18391 3.16756 84.1822 16.5481 26.0451 22.0143 50. 9372 12.5800 189.2000 0.10721 0.49579 45.1671 4.2854 46.8494 96.6500 19.4439 1.8815 135. 4000 1.2547 5.9701 22.8415 56.3508 240.3500 JAN. 9 118.5200 7.16846 3.14861 84.1539 16.4853 26.0281 21.8699 50.5434 12.5800 188.4000 0.10672 0.49261 44.9843 4.2735 46.5333 96.4800 19.4363 1.8818 135.1800 1.2531 5.9701 22.7687 55.6483 239.5000
@FedFRASER