The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(5 1 6 / 517) Selected Interest $k Exchange Rates W eekly Series of Charts January 7,1980 Prepared by the F IN A N C IA L M A R K E T S S E C T IO N DIVISION O F IN T E R N A T IO N A L F IN A N C E BOARD O F GOVERN ORS F E D E R A L R E S E R V E SYSTEM Washington, D .C . 20551 Table o f Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIG URES PLOTTED Weekly $15.00 per year or $.40 each in the United 2. D A IL Y C E R T IF IE D SPOT EXCHANGE R A TE SH.10 RELEASE 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, Divi sion 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. CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-M ONTH FORW ARD EXCHANGE RATES 3. GOLD-PRICE -LONDON 4. C ALL MO NEY RATES 5. 3-M ONTH IN TER EST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. M O NEY M A R K ET RATES 8. INTEREST A RB ITRA G E: 3-M ONTH FUNDS 9. LONG-TERM G O V ER N M EN T BOND Y IE L D S 10. IN D U S T R IA L 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= 100 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 120 100 80 60 120 100 80 240 200 160 120 160 140 120 100 1978 1980 CHART 2 3-M ONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 12 6 + 0 6 1978 1980 1978 1980 CHART 3 1/4/80 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY OUNCE U.S. I 600 600 550 550 500 500 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 1977 1978 1979 1960 CHART 4 CALL MONEY RATES WEEKLY SERIES :n t per PERCENT PER annum 20 20 16 16 OVERNIGHT EURO-DOLLARS 12 12 8 8 4 4 20 20 16 16 12 12 8 8 4 4 0 0 8 12 8 4 4 + 0 0 4 1980 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :n t per PERCENT PER M annum 18 20 14 16 10 12 6 8 2 4 10 14 6 10 2 8 6 10 6 4 2 0 1978 1980 1978 1980 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo n do n AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN :NT PER ANNUM 18 18 14 14 3-MONTH OVERNIGHT 10 10 6 6 J__L 18 18 14 14 10 10 6 6 18 ia 14 14 10 10 6 6 1978 1980 1978 1980 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 2 1 +o i 1 2 1978 1 P E R C EN T ON D IF F E R E N T IA L S C A LE 1980 = 2 PERCENT ON RATE S C A LE 1978 1980 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN NT PER ANNUM 20 20 16 16 EURO-DOLLAR DEPOSITS 12 12 8 8 INTERBANK STERLING COVERED LONDON 4 4 0 4 0 2 2 + 0 + 0 2 2 4 16 16 INTERBANK DM COVERED FRANKFURT 12 12 8 8 4 4 2 2 DIFFERENTIAL + 0 DIFFERENTIAL + 0 2 I 1978 1980 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I I I I 1978 lllllllllll lllllllllll 1980 2 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ENT PER ANNUM 13 12 10 11 8 9 6 10 7 6 8 4 8 2 4 0 13 15 11 13 9 11 7 9 5 7 12 10 10 8 8 6 6 4 1978 1980 1978 1980 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 196 9= 140 120 UNITED STATES 100 80 RATIO SCALE 1969=100 400 100 360 90 320 80 280 70 240 60 200 50 140 140 CANADA 120 DISCONTINUED SERIES 120 100 100 80 80 160 160 140 140 120 120 100 100 80 80 1978 1960 1978 1980 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CENTS) JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 2 2 2 2 2 2 2 2 2 58.13 0.417 06 52.67 22 3.5 0 85.42 2 4.9 0 63.04 3.57464 0.12445 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 2 2 2 2 2 2 2 2 2 163.53 10 9.2 0 151 .20 90.40 85.14 112.22 202 .80 14 0.8 6 70.7 0 2 2 2 2 2 2 2 2 2 2 2 85.62 155 .60 96 .2 4 13 6.5 4 78.17 73.70 9 9.2 3 182.52 126.11 60.36 94.33 2 2 2 2 2 2 2 2 0.61 -2 .1 4 5.8 3 0 .3 4 9.0 6 2.2 2 5.85 -4 .3 7 I N D I C E S , MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I TA L IA N LIRA WEIGHTED AVERAGE EXCHANGE VALUE IN D I C E S , MAR 1973 = 100 ( G -1 0 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L IA N LIRA SWEDISH KRONA CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. PREMIUM OR DISCOUNT JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. LAST VALUE PLOTTE DATE VALUE SERIES NAME CHART 3 . GOLD PRICE IN LONDON, AFTERNOON FIXING U . S . DOLLARS PER FINE OUNCE JAN. 2 526.75 JAN. JAN. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 2 2 28 21 28 28 28 28 14 28 14.04 14 .69 16.75 14.50 11 .00 6.78 8.19 12.38 18.25 0.50 JAN. 2 JAN. 2 JAN. 2 JAN. 2 JAN. 2 JAN. 2 DEC. 26 13.42 9.08 8.41 14.14 16.84 5.38 11.86 JAN. JAN. JAN. JAN. JAN. JAN. 2 2 2 2 2 2 14.69 13.92 14.19 14.58 14.56 12.97 CHART 4 . CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U .K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3-MONTH INTEREST RATES U . S . 90-DAY C D 'S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS C DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7 - DAY 1-MONTH 3-MONTH 6-MGNTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL AD J. FOR RESERVE REQUIREMENTS JAN. JAN. JAN. 2 2 2 14.69 14.04 0.65 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D 'S , SECONDARY MARKET DIFFERENTIAL JAN. JAN. JAN. 2 2 2 14.58 13.42 1.16 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART . INTEREST ARBITRAGE, 3-MONTH FUNDS JAN. JAN. JAN. 2 2 2 14.58 14.61 -0 .0 3 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JAN. JAN. JAN. 2 2 2 1 3.2 0 14.77 -1 .5 7 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), DIFFERENTIAL JAN. JAN. JAN. 2 2 2 14.58 15.04 -0 .4 7 JAN. JAN. JAN. 2 2 2 14.58 14.56 0.0 2 DEC. DEC. NOV. DEC. DEC. NOV. DEC. DEC. 28 14 10.45 7 .9 4 8.76 4.10 11.28 11.76 9.2 5 12.07 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), DIFFERENTIAL COVERED COVERED EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 14 21 9 14 21 U S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 10. NOV. DEC. SEPT. 10.76 6.6 3 9.2 7 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY DEC. 28 DEC. 14 DEC. 29 7 DEC. DEC. 14 DEC. 14 DEC. 14 11 2.8 2 30 0.2 7 113.81 144.40 100.91 76.22 93.56
@FedFRASER