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(516/517) •/' Selected Interest & Exchange Rates Weekly Series of Charts 4 t / \ July 13,1981 DIVISION OF 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 payablfe 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES CHART t 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 - z - U.K. POUND 100 / 80 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I I h l l I ~ — — FRENCH FRANC - V - - 120 - 100 GERMAN MARK I I I 80 M l H l H h , 160 140 240 aVV — V 120 - An JAPANESE YEN 200 J — — 100 80 — — — — I I I | | | | | | | | | | | | | | SWISS FRANC 11111111111 I | | | | | 160 140 11111111111 11111111111 120 160 BELGIAN FRANC 140 120 DUTCH GUILDER 100 ~ l I I I I I 100 100 80 60 _____ \ I i 1979 1981 r - 80 - 60 \ \ CANADIAN DOLLAR 40 ITALIAN LIRA - i 1979 i H h l i u l N 1981 40 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 \A \ A - " - I I ITALIAN LIRA - I I I IIIIIIIIII I 24 12 DUTCH (BUILDER U. K. POUND 1 - \ r ^ ~ - 1 1 1 1 1 1 1 !1 1 1 18 GERMAN MARK SWISS FRANC | 12 - 6 0 12 JAPANESE YEN FRENCH FRANC - 1979 1981 1979 1981 6 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D PER FINE OUNCE U.S. DOLLARS PER FINE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS 450 AFTERNOON FIXING PRICE 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AN 28 28 24 24 20 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 16 12 12 8 8 4 4 24 24 20 20 16 16 CANADA 12 12 EURO-SWISS FRANC 8 8 4 4 NETHERLANDS + + 0 0 24 24 20 20 FRANCE 16 16 GERMANY 12 12 8 8 JAPAN 4 i 0 4 EURO-DM 1979 1981 i r i i i 1979 i 0 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AN 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 0 6 16 12 JAPANESE BANK LOANS AND DISCOUNTS 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 PEF ENT PER ANNUM 24 24 OVERNIGHT 20 3-MONTH 20 16 16 12 12 8 8 4 4 24 24 MONTH 7-DAY 20 20 16 16 12 12 8 8 4 4 24 24 1-MONTH 20 1-YEAR 20 - - 16 16 12 12 8 8 I 4 1979 1981 I I iiliilnlii 1979 I ! I M ! I I I II 1981 4 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS4+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 - 22 22 — 18 1 N - FEDERAL FUNDS - ,\ A U I III 1 n \ J jU il i ~ - 18 - 14 - 10 3-MONTH - E U R O - D O L L A R DEPOSITS , 14 A - T J r v 10 I OVERNIGHT \ v w v / 90-DAY CD' S f E U R O - D O L L A R DE P O S I T S I I I I I ! 1 I I 1 1 111 1 111 I I I I I I I I I I 1 1 1 1 1 1 1 1 1 I I I I I I I I I I 6 3 DIFFERENTIAL DIFFERENTIAL 2 / i H y i 1 + 0 1 2 3 n 1979 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E 1981 1979 I i i I M 111 I I 11 I I I 111 I 1981 4 CHART : 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 - 20 12 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON I IIIIIII 4 — DIFFERENTIAL - 2 —i [\[\ J — \(U DIFFERENTIAL — - 1 y i j 2 " i l l I I I I ii l i i h i l i i 4 28 28 INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 20 - 20 flj/r / r • 1 1 V ft 12 J 12 v* EURO-DOLLAR DEPOSITS — EURO-DOLLAR DEPOSITS 4 DIFFERENTIAL 2 DIFFERENTIAL III I l l l l l l I 1979 1981 1 PERCENT ON D E F E R E N T I A L S C A L E ^ 2 PERCENT ON RATE S C A L E 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER Ah •NT PER ANNUM 17 17 15 15 CANADA UNITED STATES 13 13 11 11 9 9 7 7 12 9 10 7 SWITZERLAND 8 5 GERMANY 6 3 4 1 16 17 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 I 6 16 9 NETHERLANDS I U. S. CORPORATE I IIIIIIII 7 15 MONTHLY MONTHLY 13 14 12 11 Aaa BONDS 10 8 9 M i l l ! 6 7 EURO-DOLLAR BONDS 1979 5 1981 1979 1981 CHART 10 STOCK INDICES WEEKLY SERIES RATIO SCALE 1977=100 RATIO SCALE 1977=100 160 140 - 120 - 100 - JJ\J Vv I I I I I iiIiiImIm 140 — t UNITED KINGDOM A V V ^ / I V - 60 JAPAN 11111111111 — ~ 80 - - 120 100 Y y / V - I 80 140 UNITED STATES - SWITZERLAND - / v y - V ~ U 100 - 80 - I I mIMIMIM ! I IIIII1111II I I M I M I M I M 60 140 140 FRANCE 120 - M — | V I - I I i i r v 100 - . I 120 1 - 60 GERMANY - A / w v A y Z V A ^ > 100 80 i - - i i i 120 - 100 - 80 - - f \ r \ - j\f - NETHEF(LANDS CANADA - - 45 1979 1981 80 60 140 60 120 1979 1981 last value plotted DATE VALUE SERIES MAMt CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) 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 JULY JULY JULY JULY JUlY JULY JULY JULY JULY 8 8 8 8 8 8 8 41.00 0.43735 36.86 189.17 83.13 17.29 47.87 2.50482 0.08244 JULY JULY JULY JULY JULY JULY JULY JULY JULY 8 8 8 8 8 8 8 8 8 115.34 114.51 105.88 76.51 82.85 77.92 154.00 98.70 46.83 8 8 8 8 8 8 8 8 8 8 8 109.34 129.01 125.91 114.60 80.42 Ob. 07 81.09 167.61 106.21 47.66 91.79 8 8 8 8 8 8 8 8 -0.98 5.26 5.82 -3.51 8.34 6.38 10.98 -1.82 8 a I N D I C E S , MARCH 1 9 7 3 BASE RATES = 1 0 0 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 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , IG—10 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 I A N LIRA SWEDISH KRONA CHART 2 . 3-MONTH FORWARD fcXcHANGt CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA MAR 1 9 7 3 = 1 0 0 i JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY RATES, PREMIUM UR DISCOUNT JULY JULY JULY JULY JULY JULY JULY JULY SERIES NAMt CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I x i N b U.S. 4. DOLLARS PER FINE OUNCE JULY a a JULY 3 JULY JUNE t> 3 JULY JUNE 19 3 JULY JULY 3 APRIL 24 JUNE I V 19.93 ZU.lz 11.13 Id.Co 11,90 11.44 7.31 lb.88 9.90 1.63 JULY JULY JULY JULY JULY JULY JULY 6 8 b 8 8 8 1 17.53 12.VI 7.46 19.23 12.89 9.92 13.47 JULY JULY JULY JULY JULY JULY 8 8 8 8 8 8 20.12 19.Zv 1 0 . 86 18.19 1 7 . 19 16.81) EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . 407.VO 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS £ DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - I O COUNTRIES PLUS SWITZERLAND) CHART 6 . 8 JULY 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 . LAST VALUE PLUTTEL DrtTt VALUfc SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS JULY JULY JULY 8 8 8 ZU . 12 19.93 0.19 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL JULY JULY JULY 8 8 8 18.19 1/.53 L • 66 LAST VALUE PLOTTED UA TE VALUE SERIES NAME CHART 8 . INTEREST ARBITRAGE, 3-MUNTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING t L U N U U N ) , COVERED DIFFERENTIAL JULY JULY JULY b 8 8 18.19 18.32 -0.13 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JULY JULY JULY 8 8 8 16.80 18.20 -1.40 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JULY JULY JULY 8 8 8 18.19 18.92 —0. i 3 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY JULY JULY 8 8 8 18.19 18.47 -U.28 JULY JULY APRIL JUNc JUNE APRIL APRIL JUMfc 3 3 13.86 10.77 7.90 5.62 14.60 14.76 10.91 12.24 '. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY! SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM * CORPORATE • AAA BONDS EURO-DOLLAR BONDS .0. APRIL APRIL 13.88 12.51 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 26 5 10 24 2o t JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE i.4 24 24 24 24 24 24 24 137.66 120.57 232.44 103.66 96.51 91.04 83.12 152.78 A •• FEDERAL RESERVE statistical release H. 10(512) • t JULY 15, 1981 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING coJ» • JULY 10, 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: COUNTBY AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS HEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED 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 JULY 6 114.4700 5.78202 '2.49314 83.1808 13.0081 22.1533 17.2414 40.8363 11.2994 148.8500 0.08224 0.43510 42.5441 4.0733 36.7512 84.4000 16.3199 1.5492 111.0000 1.0251 5.3559 19.3050 47.8240 190.0000 JULY (RATE U.S. CENTS) JULY 8 114.5500 5.81058 2.50000 83.1463 13.0599 22.1263 17.3040 40.9199 11.4025 149.4500 0.08224 0.43716 42.6803 4.0700 36.7850 84.4500 16.4745 1.5516 110.8700 1.0290 5.3559 19.3498 47.8126 190.2500 114. 4000 5. 75622 2. 47341 82..9325 .9032 .9443 17..0416 40..3877 11..2994 148..3000 0 ..08147 0 ..43582 42..5894 4..0667 36..3240 84..1000 16..3532 1..5408 1 0 9 ,.9500 1..0179 5..3559 19..1754 47 .2813 187 .9000 It JULY 9 114.3000 5.75788 2.47525 82.9188 12.9584 22.0361 17.0387 40.5597 11.2740 148.0000 0.08157 0.43697 42.5351 4.0650 36.4564 84.0000 16.3586 1.5444 109.5200 1.0230 5.3559 19.2678 47.4834 187.7000 JULY 10 114. 4000 5. 80047 2 . 50250 83..1187 13..0651 22..0799 17..1644 4 1 ..0088 11..3250 149..1000 0 ..08210 0 ..43802 42..6712 4..0584 36..8596 84..2000 .4002 1..5480 110..2500 1..0273 5..2882 19..3424 48 .1232 189 .2500 16.
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