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(51»/S17U-^ Selected Interest & Exchange Rates Weekly Series of Charts January 26, 1981 INTERNATIONAL FINANCE Prepared by the F I N A N C I A L 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 US. DOLLAR I I I I I I I I I I I I II 1 1 1 FRENCH FRANC 140 120 y ' A. V JAPANESE YEN , 100 80 SWISS FRANC I I I i i i 160 140 - A a / S x y 120 ,, 140 120 DUTCH GUILDER 100 160 BELGIAN FRANC 100 I I I 1 1 1 100 ITALIAN LIRA UK. POUND 1979 1981 1979 1981 - 80 — 60 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER AL 6 24 CANADIAN DOLLAR ITALIAN LIRA - - 0 8 N / W :,y 6 I I I I I 11111111111 I 6 24 12 U. K. POUND DUTCH GUILDER 8 6 6 8 2 a 16 2 SWISS FRANC f A/ — i - 12 — 6 6 8 I I I I I 0 I 12 12 FRENCH FRANC JAPANESE YEN 6 6 8 8 6 6 1979 1961 1979 1961 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ LLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 800 800 750 750 700 700 650 650 600 600 550 SSC 500 SOC 12.5 Kg BARS AFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 I 100 1978 I 1979 L I I I I I I I I I I I 1980 i i I i i I i 1981 i I i i 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERI NT PER ANNUM PERCENT PER AL 28 28 24 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 20 16 16 12 12 6 8 4 4 24 24 20 20 16 16 CANADA EURO-SWISS FRANC 12 12 8 8 NETHERLANDS 4 0 4 + 0 U 16 16 FRANCE 12 - GERMANY - 8 8 4 - •jp 1979 1981 4 EURO-DM I I I'i I I I 0 12 1979 0 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT 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 4 4 22 16 18 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 RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AL ENT PER ANNUM 24 24 20 3-MONTH OVERNIGHT 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-YEAR 1-MONTH 20 20 - - 16 16 12 12 8 — J 4 1979 1981 I ,l I I 1979 I 8 4 1981 • • CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: FLUSH, FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 FEDERAL FUNDS 3-MONTH E U R O - D O L L A R DEPOSITS OVERNIGHT E U R O - D O L L A R DEPOSITS I I II II II I I DIFFERENTIAL DEFERENTIAL vvvUVil 1 1 1 1 1 1 1 111 1979 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 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 ME* A N N U M 28 28 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 20 20 12 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON i 1 1 1 , 4 2 DIFFERENTIAL — - DIFFERENTIAL — — l\f\r\f\A yv^ — f 2 ~~ I I " I i l : l 28 INTERBANK DM COVERED FRANKFURT 20 12 EURO-DOLLAR DEPOSITS I I EURO-DOLLAR DEPOSITS I DIFFERENTIAL DIFFERENTIAL ! 1979 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I llIII!Il 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER ENT PER ANNUM PERCENT PER At 15 15 CANADA UNITED STATES 13 — 13 — 11 11 9 9 " 7 i l l I I I 7 10 7 8 SWITZERLAND - Ji - 5 GERMANY 6 3 I 4 I I 1 16 17 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 6 7 14 U. S. CORPORATE 12 Aaa BONDS - 10 8 6 H — JAPAN I I I I 1979 I 11 - 9 7 — E U R O - D O L L A R BONDS I 13 MONTHLY MONTHLY I, | | | I | , I ,7 1981 5 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 180 — - UNITED STATES 160 140 GERMANY A - VvAz^v I I 120 1 I 100 I 60 100 90 SWITZERLAND JAPAN 80 70 60 50 200 180 160 UNITED KINGDOM 140 # FRANCE 120 GENERAL INDEX 100 80 1979 # 1981 1979 1981 LAST V A L U E PLOTTED DATE VALUE SERIES NAME CHART 1. SEOT E X C H A N G E R A T E S ABC I N D I C E S WEEKLY A V E R A G E S , NCON BUYING B A T E S (U.S. C E N T S ) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U . K . PCUND C A N A D I A N DCLLAR F R E N C H FR'ANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA IICES, MARCH 197 3 B A S E R A T E S = 21 21 21 21 21 21 21 21 21 49.,95 0.49664 45.,96 240.89 84,,01 21.59 54. 96 3..10523 0.10504 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 21 21 140.,51 130.04 131.,95 97.,43 83..73 97.,30 176.,82 122.,36 59.,67 21 21 21 21 21 21 21 21 21 21 21 91,.12 137.,63 123..64 124..40 89..63 76..33 89.40 166..71 114..50 53..02 92..42 21 21 21 21 21 21 21 21 1.53 4.44 9.56 7.42 12.93 9.10 10.45 1.05 100 G E R M A N MARK J A P A N E S E YEN D U T C H GUILDER U.K. PCUND C A N A D I A N DCLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA iGHTEE A V E R A G E E X C H A N G E VALUE INDICES, MAR (G-10 C O U N T R I E S P L U S S W I T Z E R L A N D ) U . S . DCLLAR G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. PCUND C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA S W E D I S H KRCNA JAN. JAN. JAN. JAN. JAN. JAKJAN. JAN. JAN. 1973 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR D I S C C U N T C A N A D I A N DOLLAR U . K . PCUND G E R M A N MARK FRENCH FRANC SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN I T A L I A N LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. LAST V A L U E PLOTTED DATE VALUE SERIES NAME C H A R T 3. G C L D PRICE IN L O N D O N , A F T E R N O O N F I X I N G U . S . D O L L A R S PER F I N E O U N C E J A N . 21 567.80 CHART 4. C A L L MONEY R A T E S JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. DEC. JAN. 21 21 16 2 16 9 16 16 12 9 19..35 19..76 13.,88 17..17 9..10 8..53 8..81 11..44 7,.85 2..70 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 17.74 9.37 8.95 16.87 14.18 5.63 11.34 JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 19.76 19.65 19.69 18.60 17.23 15.76 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . F E D E R A L FUNDS D I F F E R E N T I A L AEJ. FOR R E S E R V E R E Q U I R E M E N T S JAN. 21 JAN. 21 JAN. 21 19.76 19.35 0.41 3 - M C N T H E U R O - D O L L A R DEPOSIT RATE U . S . 9 0-DAY CD'S, S E C O N D A R Y M A R K E T DIFFERENTIAL JAN. 21 J A N . 21 J A N . 21 18.60 17.74 0.86 U.S. FEDERAL FUNDS OVERNIGHT EURO-CCLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURC-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC C H A R T 5. 3 - M O N T H I N T E R E S T R A T E S U . S . 90-DAY C D ' S , S E C O N D A R Y M A R K E T G E R M A N I N T E R B A N K LOAN J A P A N E S E BANK L O A N S & DISCOUNTS C A N A D I A N F I N A N C E PAPER I N T E R B A N K STERLING S W I S S I N T E R B A N K LOAN W E I G H T E D A V E R A G E FOREIGN INTEREST R A T E (G-10 C O U N T R I E S PLUS SWITZERLAND) CHART 6. E U R O - D O L L A R D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-tiCNTH 3-MCN'IH 6-MCNTH 1-YEAR C H A R T 7. S E L E C T E D E U R O - D O L L A R AND U . S . MONEY M A R K E T R A T E S SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURC-DCLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 18. 60 18. 77 - 0 . 17 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 PAPEE, COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 17. 17 13. 46 - 1 . 29 EUBC-DCLLAB DEPOSIT INTERBANK EM (FRANKFURT), COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 18. 60 13. 15 - 0 . 55 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 18. 60 18. 74 - 0 . 14 JAN. 16 9 JAN. NOV. JAN. 9 JAN. 2 NOV. 14 DEC. 12 JAN. 9 12. 53 8. 92 9. 52 4. 58 12. 67 14. 23 10. 36 11. 5 8 DEC. EEC. OCT. 13.21 6.63 11.27 CHART 9. LCNG TERM GOVEEMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANAEA FRANCE NETHERLANDS UNITED KINGDOM U.S. C O R P O R A T E AAA 3CNDS EUR C—DM BONDS EURO-DOLLAR BONDS CHART 10. INDUSTRIAL STOCK INDICES UNITED STATES JAPAN FRANCE UNITED KINGDOM SWITZERLAND GERMANY JAN. JAN. EEC. JAN. JAN. JAN. 16 16 26 16 16 9 143.00 333.82 154.30 106.24 75.37 95.17 FEDERAL RESERVE statistical release ^m6BY FOREIGN EXCHANGE RATES FOP. THE WEEK ENDING JANUARY 23, 23 ' 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 SOUTH AFRICA SPAIN SRI L A N K A 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 118.1000 7.04722 3.09693 84.0266 16.1943 25.7666 21.5517 49.7760 12.5500 136.1000 0.10493 0.49432 45.0248 4.2827 45.8295 96.1000 19.1205 1.8664 133.5200 1.2398 5.9701 22.4593 54.6747 240.5000 19 J A N . 20 (RATE U . S . CENTS) J A N . 21 118.1700 7.03730 3. 10270 84.0054 16.2180 25.7202 21. 5494 50.0000 12.6600 185.6000 0. 10499 0. 4 9 8 3 8 44.9944 4.2863 46.0088 96.1500 19.0894 1.8612 133.6200 1.2392 5. 9701 22.5174 54.9753 241.8500 118.6500 7.09723 3.12110 84.0760 .16.306 5 25.8164 21 .7155 50.1630 12.6100 186.7500 0.10557 0.50201 45.1060 4.2845 46. 1467 96.4 70 0 19.1497 1.8685 133.8400 1.2472 5.9701 22.5836 55.1877 242.7000 J A N . 22 J A N . 23 118.2600 6.99423 3.07125 83.9561 16. 0992 25.6706 21.3675 49.3949 12.6100 184. 3000 0. 10406 0.49788 44.9035 4.2817 45.4855 96.4000 19.0404 1.8587 133.4000 1.2369 5. 9701 22.4115 54.5405 240.3000 1 18.0200 6.96379 3.05624 83.9913 16.0064 25. 5558 21.2856 49.1400 12.5300 183.8000 0.10347 0.49322 44.8732 4.2735 45.2899 9 6.0600 18.9717 1.8433 133.3000 1.2338 5.9701 22.2816 54.3331 240.7000
@FedFRASER