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(5T6/517) Selected Interest & Exchange Rates W eekly Series o f Charts June 30,1980 DIVISION O F IN T E R N A T IO N A L F IN A N C E Prepared by the F IN A N C IA L M A R K E T S S E C T IO N BOARD O F G O VERN 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 FIGURES 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 States, its possessions, Canada, and Mexico; 10 or EXCHANGE RATES-- more of the same issue to one address, $13.50 per H.10 RELEASE year or $.35 each. Elsewhere, $20.00 per year or $.50 each. Address requests to Publications Services, Divi CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-M ONTH FORW ARD EXCHANGE RATES 3. GOLD PRICE--LONDON 4. C A LL M O NEY RATES 5. 3-M ONTH INTER EST RATES 6. EURO D O LLAR DEPOSIT RATES 7. SELECTED EURO D O LLA R A ND U.S. M O NEY M A R K E T RATES a INTEREST A R B ITRA G E: 3-M ONTH FUNDS 9. LONG-TERM G O V E R N M E N T BOND Y IE L D S 10. IN D U S T R IA L STOCK INDICES 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. CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO c;CALE MARCH t37; 5=100 CALE RATIO MARCH 1973=100 120 120 100 100 80 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR LL 60 60 180 120 160 140 100 120 GERMAN MARK 100 I I I 80 nlniiilii n 160 240 140 200 120 160 100 80 120 160 160 140 140 120 120 100 100 100 100 80 80 60 60 1978 1980 1978 1980 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM + 0 24 1978 1978 1980 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U .S . D O L L A R S P E R F IN E U .S . D' .L A R S P E R F IN E O U N C E 800 800 750 750 700 700 650 650 J 600 550 12.5 Kg BARS 550 600 A F T E R N O O N F IX IN G P R IC E 500 500 450 450 400 400 350 350 300 300 250 250 200 200 150 150 iiliiIiilii 100 1977 1978 1979 100 1980 CHART 4 CALL MONEY RATES WEEKLY SERIES 20 20 16 16 12 12 8 8 4 4 16 20 12 16 8 12 4 8 0 4 12 0 8 12 4 8 + 0 4 4 0 1978 1980 1978 1980 CHART 5 3-M ONTH INTEREST RATES WEEKLY SERIES 20 20 16 16 12 12 8 8 4 4 18 14 14 10 10 6 6 2 16 12 12 8 8 4 4 0 1978 1980 1978 1980 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo n d o n AVERAGES FOR WEEK ENDING WEDNESDAY :n t per P E R C E N T P E R AN annum 20 20 16 16 12 12 8 8 4 4 20 20 16 16 12 12 8 8 4 4 20 20 16 16 12 12 8 8 4 4 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 P ER C E N T PER ANNUM P E R C E N T PER ANN UM +0 I 1 P E R C E N T ON D IF F E R E N T IA L S C A L E = 2 PER CEN T ON RATE S C A LE CHART 8 INTEREST ARBITRAGE: 3-M O N TH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER AN N U M P ER C E N T PER ANNUM 20 16 12 8 4 0 2 + 0 2 4 DIFFERENTIAL 11 1978 1 PE RC ENT ON D IF F E R E N T IA L S C A L E = 2 PE RC ENT ON RATE S C A L E 1980 CHART 9 LONG-TERM GOVERNMENT BOND Y ELD S WEEKLY SERIES 15 14 13 12 11 10 9 8 lllllllllllllllllllllll 6 10 7 7 8 5 6 3 1 4 17 16 - - 15 14 _ 12 IS 10 11 - I — U 14 - \ 8 6 13 FRANCE I l l _ NETHERLANDS lI M U. S. CORPORATE 9 I Inhiliilii lllllllllll 7 13 m o n thly 12 11 10 9 8 7 6 5 1978 1980 1978 1980 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= 140 120 100 80 RATIO SC A LE 1969=100 400 100 360 90 JAPAN 320 80 280 70 240 60 200 50 140 140 120 120 100 100 80 80 160 160 FRANCE GENERAL IN D E X 140 140 120 120 100 100 80 80 1978 1980 LAST VALUE PLOTTED DATE VALUE SERIES NAHE CHA RT 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 25 25 56.56 0.46119 51.60 233.66 86.96 24.34 61.10 3.53457 0.11951 JUNE JUNE JUNE JUNE . JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 25 25 159.10 120.75 148.13 94.51 86.67 109-70 196.58 139.28 67.89 25 25 25 25 25 25 25 25 25 25 25 85.23 149.92 107.28 133.06 81.78 74.85 96.37 176.12 124.15 57.56 93.46 25 25 25 25 25 25 25 25 -2.08 -7.37 0.08 -3.23 3.74 -1.23 -2.48 -10.48 INDICES, HARCH 1973 BASE RATES = 100 GERfiAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND C ANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA MAR 1973 = 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE CHART 2. 3-MONTH FORWARD EXCHAN G E RATES, P R EMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE JUNE 2 5 6 04.78 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE MAY JUNE 25 25 20 13 20 13 20 20 16 13 9.08 9.03 18.25 11.25 9.70 9.71 12.56 12.13 11.15 2.92 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 8.36 9.83 13.34 11.17 16.70 5.60 12.20 JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 9.03 9.45 9.23 9.31 9.30 9.26 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JUNE 25 JU NE 25 JUNE 25 9.03 9.08 -0.05 3-MCNTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JUNE 25 JUNE 25 JUNE 25 9.31 8.36 0.89 CHART 4. C A L L MONEY RATES U.S. FEDE R A L FUNDS CVERNIGHT EURO-DOLLAR DEPOSITS O.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 CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS S DISCOUNTS C A N A D I A N FINANCE PAPER I NTERBANK STERLING SWISS INTERBANK LCAN WEIG H T E D AVERAGE FOREIGN INTER E S T RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. E U R O - D O L L A R DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MCNTH 3-MONTH 6-MCNTH 1-YEAR CHART SELECTED EUR C - D C L L A R AND U.S. MONEY MARKET RATES LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 8. INTEREST ARBITRAGE, 3 - MONTH FUNDS JUNE 25 JUNE 25 JUNE 25 9.31 9.02 0.29 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JUNE 25 JUNE 25 JUNE 25 8.08 9.03 -1.05 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JUNE 25 JUNE 25 JUNE 25 9.31 9.91 -0.60 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE 25 JUNE 25 JUNE 25 9.31 9.40 -0.08 EURO-DOLLAR D E POSIT INTERBANK STERLING (LONDON), DIFFERENTIAL COVERED CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWIT2ERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U. 20 13 6 13 7 16 13 9.51 8. 16 8.76 4.80 11.06 14.30 9.86 10.94 . C O R P ORATE AAA BONDS EURC-DM BONDS EURO-DCLLAR BONDS CHART JUNE JUNE MAY JUNE JUNE MARCH MAY JUNE MAY DEC. APRIL 10.99 6.63 10.98 I0. INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JUNE 20 6 JUNE DEC. 29 JUNE 6 JUNE 6 JUNE 6 JUNE 13 119.57 307.26 113.81 149.51 100.76 73.54 95.14
@FedFRASER