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(516/517) Selected Interest Rates & Exchange Rates W eekly Series o f Charts January 7, 2002 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 (Average for week ending Wednesday, ratio scale, March 1973 = 100) 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 6 4 2 0 2 Swiss franc Australian dollar 1 0 -1 -2 -3 Chart 3 Price of Gold in London (Averages for week ending Wednesday) 380 .S. dollars per fine ounce U.S. dollars per fine ounce 12.5 Kg Bars 360 380 360 340 340 320 320 300 300 280 280 260 260 240 1997 1998 1999 2000 2001 2002 240 Chart 4 3-Month Interest Rates (Averages for week ending Wednesday, percent per annum) the minimum bid rate and weighted average rate are shown. Chart 5 3-Month Interest Rates (Averages for week ending Wednesday, percent per annum) 8 8 ----Euro-area interbank U.S. CD 6 4 2 6 Canadian finance paper Japanese yen 4 2 0 6 U.K. interbank sterling Swiss interbank 4 2 2000 2000 6 8 ---Australian bank bill 0 Swedish treasury bill 4 2 0 Chart 6 Long-Term Government Bond Yields (Averages for week ending Wednesday, percent per annum) 8 United States Germany 6 4 Weighted average foreign rate 2 0 8 Canada 6 4 2 0 8 8— United Kingdom France 6 4 2 0 8 8 -- Switzerland 6 4 2 0 Chart 7 Stock Indexes (Averages for week ending Wednesday, ratio scale, December 30, 1994 = 100) 350 300 250 200 150 100 50 5-Dec-01 Chart 1. 12-Dec-01 19 -Dec-01 26-Dec-01 2-Jan-02 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 51.7740 63.491 0.80696 88.98 9.3726 60.472 142.17 51.6740 63.522 0.79429 89.11 9.5293 60.317 143.42 51.6600 63.753 0.78462 90.15 9.5460 61.133 145.32 50.7200 62.927 0.77116 88.47 9.3168 59.950 144.31 51.1225 62.687 0.76071 88.99 9.5280 60.072 145.02 36.64 63.28 211.29 127.97 41.51 194.55 57.50 36.57 63.31 207.97 128.16 42.20 194.05 58.01 36.56 63.54 205.44 129.67 42.27 196.67 58.78 35.90 62.72 201.91 127.24 41.26 192.87 58.37 36.18 62.48 199.18 128.00 42.19 193.26 58.66 -2.31 -0.24 -1.45 1.85 0.03 -2.05 -2.31 -0.25 -1.44 1.84 0.05 -2.07 -2.29 -0.20 -1.44 1.83 0.08 -2.08 -2.29 -0.19 -1.40 1.81 0.06 -2.07 273.40 277.33 277.10 277.52 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. -2.23 -0.20 -1.39 1.94 0.07 -1.96 275.65 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 2.00 2.02 1.50 1.93 1.88 1.43 1.75 1.84 1.25 1.75 1.77 1.25 1.75 1.63 1.25 2.50 2.24 2.00 2.50 2.24 2.00 2.50 2.23 2.00 2.50 2.25 2.00 2.50 2.26 2.00 4.25 3.30 3.25 2.25 4.25 3.28 3.25 2.25 4.25 3.31 3.25 2.25 4.25 3.25 3.25 2.25 4.25 3.65 3.25 2.25 0.00 0.10 0.00 0.10 0.00 0.10 0.00 0.10 0.00 0.10 2.25 1.99 1.25 2.25 1.90 1.25 2.25 1.88 1.25 2.25 1.87 1.25 2.25 1.84 1.25 4.08 4.00 3.93 4.00 4.60 4.00 5.15 4.00 4.38 4.00 *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. 5-Dec-01 Chart 5. 12-Dec-Ol 19-Dec-01 26-Dec-01 2-Jan-02 3 -Month Interest Rates U.S. 90-day CD's, secondary market 1.96 1.82 1.81 1.83 Australian bank bill 4.30 4.31 4.28 4.27 Canadian finance paper 2.22 2.13 2.13 2.08 Euro-area interbank 3.36 3.36 3.35 3.34 Japanese CD 0.03 0.03 0.03 0.03 Swedish treasury bill 3.88 3.92 3.90 3.89 Swiss interbank 1.90 1.79 1.80 1.79 U.K. interbank sterling 3.91 4.15 3.96 3.98 Weighted average foreign interest rate 2.11 2.10 2.08 2.06 (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 6. Long Term Government Bellwether Bond Yields 10-year maturity, where available Canada 5.25 5.45 5.52 5.41 France 4.69 4.87 4.88 4.93 Germany 4.77 4.56 4.78 4.85 Italy 4.89 5.08 5.04 5.10 Japan 1.38 1.36 1.34 1.33 3.27 Switzerland 3.47 3.46 3.48 United Kingdom 4.66 4.89 4.82 4.86 United States 4.79 5.17 5.11 5.15 4.37 Weighted average foreign interest rate 4.53 4.54 N.A. (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 7. 1.82 4.29 2.06 3.30 0.04 3.88 1.73 4.24 2.09 5.44 5.04 4.96 5.20 1.36 3.59 5.01 5.14 N.A. Stock Indexes (Wednesday figures) Canada France Germany Euro area* Italy Japan Switzerland** United Kingdom United States 180.85 241.33 202.59 306.75 230.03 67.18 255.56 117.41 235.64 179.84 234.08 199.33 312.25 226.89 66.46 250.12 114.18 229.29 178.02 231.32 196.76 303.04 221.41 63.93 245.23 112.93 233.17 179.24 232.57 197.49 305.94 218.87 63.76 251.56 113.80 234.57 181.48 236.60 202.21 312.79 226.29 66.20 252.18 116.00 235.33 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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