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C6ie/S17) Selected Interest & Exchange Rates Weekly Series of Charts July 6 , 1 9 8 1 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 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=100 120 120 — U.K. POUND x\ -- 100 100 /lx 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I 60 I 11 I I I I I I I > ~ I I 80 60 180 160 - y. FRENCH FRANC - 140 - GERMAN MARK 120 100 " I N I I I 111111111111 II l I i l l i l l I 160 ~ X fs^r i i i 11 i - 120 - 100 n h f t i i l i T 80 140 JAPANESE YEN 120 - 100 - SWISS FRANC BELGIAN FRANC V . DUTCH GUILDER I I K: I 100 100 ITALIAN LIRA 80 60 - 80 60 CANADIAN DOLLAR 40 40 100 1979 1981 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 6 PERCENT PER ANNUM 24 . „ CANADIAN DOLLAR A A Vv \ A I I I U. K. POUND \A/V V 12 I I I i i i - A/ ~ A I i i l i i l i i l n V : I k - ITALIAN LIRA - - I I M , $ A - X 24 - 12 DUTCH GUILDER - 6 6 111 11111111 18 GERMAN MARK SWISS FRANC - 12 u 12 FRENCH FRANC I JAPANESE YEN 1 - - + 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< U.S. DOLLARS PER FINE PER FINE OUNCE 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 i i I i i I i i I i i 100 1978 1979 1980 i i I i i 1981 JLL 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Ah NT PER ANNUM 28 28 24 24 „ U. S. FEDERAL FUNDS 20 U. K. 2-DAY LOCAL AUTHORITY __ 16 20 16 12 - vi m " 12 8 8 T 4 I I I I I iiIiiImIii i i h i i i i i u 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 4 EURO-DM 0 0 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANh NT PER ANNUM 20 20 U. S. CO' S 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 22 18 16 12 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 14 8 10 4 0 6 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 8 12 8 4 4 0 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah •NT 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-MONTH 20 1-YEAR 16 20 A / - - 12 12 8 - I I I 4 16 1979 1981 I I I 1979 8 4 1981 <r * # CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDWG WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 - — 22 U — — A 18 FEDERAL FUNDS jk - 1 II - - 3-MONTH iji 14 fl \ J EURO-DOLLAR DEPOSITS - i i\f j 10 DAY CD OVERNIGHT f EURO-DOLLAR DEPOSITS * - f l I I I I I1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I M DIFFERENTIAL DIFFERENTIAL I I I I I I / Hy ^AAVVA 2 1 0 1 2 3 II II II II 1979 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I I I I I I I I 1981 1 1 1 II1111111II 1979 I i I I I i I I I I I 1981 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 — V l - STV A ^ / v I V I / INTERBANK STERLING W U. S. COMMERCIAL PAPER COVERED LONDON I I I I I i . l n l i i l i i. DIFFERENTIAL ~ hi ~ l V 1 ~ DEFERENTIAL — A 1 v U - nA I \/lA 1 INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL " 1979 1981 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E i l l 1 1 1979 1 11111111111111111111111 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES NT PER ANNUM PERCENT PER AN 17 17 15 15 CANADA UNITED STATES 13 13 11 11 9 9 1 7 12 9 10 7 SWITZERLAND 8 5 6 3 4 1 16 17 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 I 8 ' 9 NETHERLANDS 6 16 7 U. S. CORPORATE 15 MONTHLY MONTHLY 13 14 12 11 Aaa BONDS 10 8 9 7 E U R O - D O L L A R BONDS 6 5 1979 1981 1979 1981 CHART 10 STOCK INDICES WEEKLY S E R I E S RATIO SCALE 1977=100 RATIO SCALE 1977=100 160 140 - 120 - 100 - UNITED S T A T E S JJ\J I VK/ I I I I I Illllllllll 140 A - 80 UNITED KINGDOM A V v / - - - i 60 n i 1 1 11 i i i i n 111 80 - 100 - 80 MIIIIIIIM 60 - I I I I I I .ILIILIIL.I f J / w A • ' _ I I I V - - 60 GERMANY - I \ r \ — | V 140 FRANCE jA — nluliiln \ A 120 Z too ^ -I - I I I I I I I.h,hill. 140 120 100 80 NETHERLANDS CANADA 60 45 1979 1981 120 - |— A 100 SWITZERLAND - ,,,,, 140 120 JAPAN - — 120 100 - - 80 140 W VV / S Y V 1979 1981 BO 60 SERIES CHART 1 . SPOT EXCHANGE RATES AND I N D I C E S WEEKLY AVERAGES, t LAST VALUE PLOTTED DATE VALUE NAME NOON BUYING RATES (U.S. CENTS) JULY JULY JULY JULY JULY JULY JULY JULY JULY GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA INDICES, MARCH 1 9 7 3 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA JULY JULY JULY JULY JULY JULY JULY JULY JULY WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) 4 # •»* U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA CHART 2 . 3-MONTH FORWARD EXCHANGE R A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 41.74 0.44239 37.54 193.56 83.23 17.49 48.90 2.54858 0.08383 MAR 1 9 7 3 = 1 1 1 1 1 1 1 1 1 117.40 115.83 107.78 78.29 82.95 78.80 157.33 100.43 47.62 1 1 1 1 1 1 1 1 1 1 1 107.71 129.93 125.87 115.33 81.41 87.08 81.83 169.27 106.82 47.92 92.02 1 1 1 1 1 1 1 1 -1.12 5.69 5.58 -4.93 7.94 6.23 10.35 -7.85 100 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY PREMIUM OR DISCOUNT JULY JULY JULY JULY JULY JULY JULY JULY LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E I N U.S. . LONDON, AFTERNOON F I X I N G DOLLARS PER F I N E OUNCE JULY JULY JUNE JUNE JUNE JUNE JUNE JUNE APRIL JUNE 1 1 26 5 26 19 26 26 24 19 18.84 19.06 11.00 18.05 12.00 11.44 7.25 20.00 9.90 1.63 1 JULY JULY 1 JULY 1 JULY 1 1 JULY 1 JULY JUNE 2 4 17. 12. 7. 19. 12. 10. 13. 00 91 50 26 49 02 51 JULY JULY JULY JULY JULY JULY 19.06 18.55 18.40 EURO-DOLLAR D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 432.91 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK S T E R L I N G S W I S S INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 1 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5 . JULY SELECTED EURO-DOLLAR AND U . S . 17.45 16.32 MONEY MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS JULY JULY JULY 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL JULY JULY JULY 18.01 19.06 18.84 0.22 1 1 1 18.01 17.00 1.01 i SERIES CHART 8 . LAST VALUE PLOTTED DATE VALUE NAME I N T E R E S T ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G (LONDON), COVERED DIFFERENTIAL JULY JULY JULY 1 1 1 18.01 18.35 -0.34 U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL JULY JULY JULY 1 1 1 16.28 18.09 -1.81 EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL JULY JULY JULY 1 1 1 18.01 18.67 —0. 6 6 JULY JULY JULY 1 1 1 18.01 1 8 . 16 - 0 . 15 JUNE JUNE APRIL JUNE JUNE APRIL APRIL JUNE 26 19 13.61 10.72 7.90 5.77 14.60 14.76 10.91 12.25 COVERED EUBO-DOLLAR D E P O S I T S W I S S INTERBANK, COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 12 5 10 24 19 I. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 1 0 . 13.88 12.51 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN APRIL APRIL JUNE 1 7 JUNE 1 7 JUNE 17 JUNE 1 7 JUNE 17 JUNE 1 7 JUNE 17 JUNE 1 7 1 3 8 . , 10 119. 78 2 3 1 . 46 102. 38 9 7 .,32 9 0 .. 5 6 82,, 0 1 . 1 5 3 ., 4 0 FEDERAL RESERVE statistical release H. 10 ( 5 1 2 ) JULY FOREIGN EXCHANGE RATES JULY FOR THE WEEK ENDING 3, 6, 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 ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM (RATE U . S . CENTS JULY 1 MONETARY UNIT JUNE 2 9 JUNE 3 0 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 114.8300 5.93824 ' 2.55102 83.3472 13.3690 22.4871 17.5177 41.7885 11.6009 152.4000 0.08389 0.44277 43.1406 4.0841 37.6011 85.2500 16.6764 1.5823 113.4000 1.0508 5.3850 19.6657 49.1763 194.3500 114.7800 5.91979 2.54777 83.2917 13.3094 22.4467 17.4886 41.7711 11.6009 152.4000 0.08389 0.44277 43.1360 4.0833 37.5305 85.0000 16.6279 1.5748 112.7700 1.0484 5.3850 19.6541 48.7924 193.0000 114.6800 5.88841 2.53100 83.0910 .1^. 2144 22.2544 17.4368 41.4422 11.5607 151.2000 0.08344 0.43812 42.9738 4.0875 37.2995 84.6800 16.5153 1.5601 112.0000 1.0401 5.3850 19.5465 48.1928 190.2500 JULY . 2 114.8000 5.89015 2.53100 83.1740 13.2275 22.2099 17.4398 41.4628 11.3507 151.3500 0.08319 0.44101 42.7716 4.0850 37.2995 84.4000 16.5207 1.5596 111.5500 1.0349 5.3850 19.5408 48.2276 188.4000 JULY 3 114.5100 5.89015 2.52653 83.2086 13.2013 22.2222 17.4337 41.3993 11.3122 151.0000 0.08306 0.43764 42.6803 4.0850 37.2509 84.3000 16.5358 1.5625 111.4500 1.0331 5.3559 19.5122 48.1928 189.3000
@FedFRASER