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(516/517) "H/V S3 Selected Interest & Exchange Rates Weekly Series of Charts June 29,1981 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 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 a 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 S C A L E MARCH 1 9 7 3 = 1 0 0 RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 120 — — UK. POUND — — - 100 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR V jJ^r - 80 - I I I I I iiliiliiln I ,,lllll,III 60 FRENCH FRANC 120 100 GERMAN MARK I^ \ u " I I I I I eo I JAPANESE YEN SWISS FRANC I I I lllllill IIII BELGIAN FRANC DUTCH GUILDER too " i l l I I I 100 100 — ITALIAN LIRA 80 60 \ - 60 \ - I 1979 v \ CANADIAN DOLLAR 40 I I 80 1981 I I I I 1979 I 40 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PERCENT PER ANNUM PER ANNUM 24 6 - CANADIAN DOLLAR ; A A - :v ITALIAN LIRA - - V \ . I I I I I I i I I II I II I II i i I i 12 H I 24 DUTCH GUILDER U. K. POUND - I 1/ 1 1 ^ I 1 1 GERMAN MARK SWISS FRANC 12 \ FRENCH FRANC JAPANE SE YEN j - I 1 J\ 1 ~ + 0 1 1979 1981 1 1 111 I I I I I I 11 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c L L A R S PER F I N E OUNCE U.S. D O L L A R S 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 100 1978 1979 1980 I I I I I I 1981 100 CHART 4 CALL MONEY RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER A! 28 28 24 24 20 U. S. FEDERAL FUNDS __ U. K. 2-DAY LOCAL AUTHORITY 20 16 16 12 - ¥ - 12 vt 8 8 4 r I niiihii.i I 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 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 6 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 8 8 4 4 0 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT P E R A N :NT PER ANNUM 24 24 20 3-MONTH OVERNIGHT 20 16 16 12 12 8 8 I IIIIII[III 4 4 24 24 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 I I I III I I I I 4 1979 4 1981 1979 1981 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 26 26 22 FEDERAL FUNDS 18 3-MONTH EURO-DOLLAR DEPOSITS 14 10 DAY CD OVERNIGHT EURO-DOLLAR DEPOSITS I I I I I I I 1I 1 1 I 1 I 1 6 3 DIFFERENTIAL DIFFERENTIAL 2 / I N v y 1 + 0 1 2 3 I I I I 1979 1 P E R C E N T ON D I F F E R E N T I A L SCALE = 2 P E R C E N T ON R A T E S C A L E I I 1981 I I I I I • I I 1979 I I I I I 11 I I I 11 I I I i I I I I I I I 1961 4 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 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON DIFFERENTIAL - r\/\ / DIFFERENTIAL — L - V ~ i I I - ' 1 1 1 I IIIIIIIIII " i l l I I I y * fiA I 11111111111 INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL 1979 1 P E R C E N T ON D I F F E R E N T I A L DIFFERENTIAL 1981 SCALE = 2 P E R C E N T ON R A T E S C A L E 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER Ah WM 17 17 - - 15 15 CANADA UNITED STATES 13 jr. . - - 13 11 11 9 9 7 " i l l I I 11111111111 I 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 9 NETHERLANDS 6 16 7 U. S. CORPORATE 15 MONTHLY MONTHLY - 13 14 12 JAPAN Aaa BONDS 11 , a - - 9 10 8 - E U R O - D O L L A R BONDS " 6 1979 1981 I I I I I I 1979 I I I|||| 7 5 1981 CHART 10 STOCK INDICES WEEKLY SERIES RATIO S C A L E RATIO S C A L E 1977=100 1977=100 160 140 - 120 - 100 - UNITED STATES JJ\j I Wy | | [ | | | | ; j | | 11 11111 l | I I I I I I III Mill — // - a UNITED KINGDOM 120 " 80 JAPAN - 140 100 — - I 80 VV V V / S A VV A V - 120 100 - 80 i ill i 60 — I I ! 60 SWITZERLAND 1 1 1 111111111II 140 140 FRANCE 120 - M 100 80 GERMANY - I \s 100 - _ - M h l l l l l l l 60 120 yVfv - - I I I 60 140 120 100 80 NETHERLANDS CANADA 60 11 45 1979 1981 80 1979 1981 L A S T V A L U E PLOTTED DATE VALUE SERIES NAME C H A R T 1. SPOT E X C H A N G E R A T E S A N D I N D I C E S W E E K L Y A V E R A G E S , NOON BUYING R A T E S (U.S. CENTS) G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. P O U N D C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA INDICES, MARCH JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 24 24 24 24 24 24 24 24 24 42..24 0..4494 38..00 198.,34 83.16 17.,69 48. 71 2.,5805; 0.,0847 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 24 24 24 24 24 24 24 24 24 118. 81 117.67 109..10 80.,22 82.,89 79.,71 156.,70 101.,69 48.12 24 24 24 24 24 24 24 24 24 24 24 106.42 130.32 126.75 115.67 82.76 86.12 82.02 166.95 107. 16 47.96 92.19 24 24 24 24 24 24 24 24 -1.01 5.56 5.60 — 3. 06 7.92 6.07 10.40 -7.69 1973 BASE R A T E S = 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA W E I G H T E D A V E R A G E E X C H A N G E V A L U E I N D I C E S , MAR 1973 = (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) U.S. DOLLAR G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC I T A L I A N LIRA S W E D I S H KRONA 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 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 O U N T C A N A D I A N DOLLAR U.K. P O U N D 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 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE SERIES NAME LAST VALUE PLOTTED DATE VALUE C H A R T 3 . G O L D P R I C E IN L O N D O N , A F T E R N O O N FIXING U . S . D O L L A R S PER F I N E O U N C E J U N E 24 461.55 I C H A R T 4. C A L L M O N E Y B A T E S 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 19.20 19.17 11.38 18.05 11.70 11.30 7.19 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE APRIL JUNE 24 24 19 5 19 12 19 19 24 12 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 24 24 24 24 24 24 24 17.03 12.85 7.50 19.19 12.59 9.97 13.51 JUNE JUNE JUNE JUNE JUNE JUNE 24 24 24 24 24 24 19.17 18.95 18.59 18.00 17.20 16.20 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR R E S E R V E R E Q U I R E M E N T S J U N E 24 J U N E 24 J O N E 24 19. 17 19. 20 - 0 . 03 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL J U N E 24 J U N E 24 J U N E 24 18. 00 17. 03 0. 97 20.00 9.90 3.25 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 CD'S, SECONDARY MARKET 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 6 D I S C O U N T S C A N A D I A N F I N A N C E PAPER INTERBANK STERLING SWISS I N T E R B A N K LOAN WEIGHTED A V E R A G E FOREIGN INTEREST RATE (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) C H A R T 6. E U R O - D O L L A R D E P O S I T R A T E S : L O N D O N OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 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 t SERIES NAME L A S T VALUE PLOTTED DATS VALUE CHART 8. I N T E R E S T A R B I T R A G E , 3 - M O N T H F U N D S EURO-DOLLAR DEPOSIT I N T E R B A N K S T E R L I N G (LONDON), C O V E R E D DIFFERENTIAL J U N E 24 J U N E 24 J U N E 24 18.00 18.32 -0.32 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 PAPER, C O V E R E D DIFFERENCIAL J U N E 24 J U N E 24 J U N E 24 16.24 18. 13 -1.89 EURO-DOLLAR DEPOSIT I N T E R B A N K DM ( F R A N K F U R T ) , C O V E R E D DIFFERENTIAL J U N E 24 J U N E 24 J U N E 24 18.00 18.67 -0.67 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL J U N E 24 J U N E 24 J U N E 24 18.00 18.09 -0.09 19 12 13.29 10.68 7.90 5.77 14.60 14.76 10.91 12. 17 9 . LONG TERM G O V E R M E N T B O N D Y I E L D S UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED K I N G D O M JUNE JUNE APRIL JUNE JUNE APRIL APRIL JUNE 12 5 10 24 12 U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR BONDS CHART 10. STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 13.88 12.51 APRIL APRIL JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 10 10 10 10 10 10 10 10 137. 46 119. 23 231. 75 100. 20 95.,84 87..80 80.,80 147.73 FEDERAL RESERVE statistical release H.10(512) :$( J U N E 3 0 , 1981 FOREIGN EXCHANGE RATES FOE THE MEEK E N D I N G J U N E 26, 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 J U N E 22 (RATE U . S . C E N T S J U N E 24 J U N E 23 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 114.7100 5.98355 ' 2.58265 83.2086 13.4318 22.5963 17.7730 42.3191 11.7371 154.4000 0.08478 0.44940 43.0849 4.0925 38.0228 86.0000 16.9147 1.5898 114.9700 1.0610 5.3850 19.8906 48.6855 199.1800 115.0500 5.99970 2.59336 83.3359 13.5017 22.7247 17.6445 42.4538 11.7509 155.2500 0.08496 0.45086 43.2900 4.0946 38.2117 86.2500 16.8990 1.5962 115.3700 1.0654 5.3850 19.9402 49.1642 199.8200 115.0700 5.97372 2.57998 83.3681 1^.4273 22.6963 17.6211 42.1941 11.7096 154.4000 0.08465 0.44883 ,43.1965 4.0950 37.9651 86.0800 16.8848 1.5911 115.0000 1.0574 5.3850 19.8708 49.0798 197.9000 J U N E 25 J U N E 26 114.7500 5.95238 2.55885 83.2778 13.3467 22.5530 17.4886 41.7973 11.6822 152.6500 0.08396 0.44356 43.1127 4.0925 37.6081 85.6500 16.7574 1.5848 114.1800 1.0547 5.3850 19.7122 49.0437 195.3000 114.8000 5.89971 2.5542d 83.1463 13.3422 22.4568 17.4978 41.8761 11.6414 152.9500 0.08396 0.44474 43.0663 4.0891 37.6790 85.4000 16.6182 1.5711 113.7000 1.0444 5.3850 19.6850 45.3097 194.9000
@FedFRASER