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Selected Interest & Exchange Rates Weekly Series of Charts March 2 , 1 9 8 1 DIVISION O F INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD O F GOVERNORS F E D E R A L 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 S C A L E MAP"--, 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 * 7 3 = 1 0 0 120 120 100 100 CANADIAN DOLLAR 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 60 60 180 160 120 FRENCH FRANC 140 120 100 GERMAN MARK 100 160 240 140 200 JAPANESE YEN 120 160 SWISS FRANC 120 160 160 BELGIAN FRANC 140 140 120 120 DUTCH GUILDER 100 100 100 100 80 ITALIAN LIRA UK. POUND 1979 60 1981 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PEA A^ ENT PER ANNUM 24 6 CANADIAN DOLLAR ITALIAN LIRA - 0 - 0 Aa 6 I I I I I I V, niiiliilii 24 12 6 DUTCH GUILDER U. K. POUND 0 6 6 0 12 6 18 12 GERMAN MARK SWISS FRANC 12 6 6 0 I I I I I I I I I I I I I I I I I II I I I I I 0 12 12 JAPANESE YEN FRENCH FRANC 6 6 0 0 6 6 1979 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D U.S. D O L L A R S PER FINE C UNCE . 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 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 1978 1979 1980 1981 CHART 4 CALL MONEY RATES WEEKLY SERIES ENT PER ANNUM PERCENT PER Al 28 28 24 24 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 20 16 16 12 12 8 8 4 4 24 24 20 20 16 EURO-SWISS FRANC 16 CANADA 12 12 8 8 NETHERLANDS 4 4 + + 0 0 16 16 FRANCE 12 12 GERMANY 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 Ah 20 20 U . S . CD'S 16 16 12 12 UX. 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 LOANS AND DISCOUNTS JAPANESE BANK SWISS INTERBANK RATE 12 8 8 4 V/lV, 4 1979 1981 0 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Af ENT PER ANNUM 24 24 3-MONTH OVERNIGHT 20 20 16 16 12 12 8 8 4 4 24 24 7-DAY 20 6-MONTH 20 16 16 12 12 8 8 4 4 24 24 1-MONTH 20 1-YEAR 20 16 16 12 12 8 8 4 4 1979 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 - 14 3-MONTH EURO-DOLLAR DEPOSITS 10 OVERNIGHT EURO-DOLLAR DEPOSITS I I I I I I I I 6 3 DIFFERENTIAL DIFFERENTIAL - 1979 1 PERCENT ON DIFFERENTIAL SCALE - 2 PERCENT ON RATE SCALE 1981 1979 1981 3 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 20 - 12 - INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON DIFFERENTIAL - I\I\ ~ DIFFER ENTIAL - - J \iu J w i v v A : i i INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL - 0 V 1979 V 1981 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER M 15 15 CANADA 13 UNITED STATES 13 - — 11 11 9 - I 7 I I 9 7 10 7 8 SWITZERLAND - 5 — GERMANY 6 3 I 4 I I 11111111111 1 17 16 FRANCE 14 15 UNITED KINGDOM 12 13 10 11 8 9 NETHERLANDS 6 14 7 U. S. CORPORATE 12 13 MONTHLY MONTHLY JAPAN 11 Aaa BONDS 9 10 8 7 , E U R O - D O L L A R BONDS 5 6 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED STATES GERMANY SWITZERLAND UNITED KINGDOM FRANCE G E N E R A L INDEX 1979 1981 1979 1981 SERIES CHART 1 . SPOT EXCHANGE R A T E S WEEKLY A V E R A G E S , L A S T VALUE PLOTTED DATE VALUE NAME AND I N D I C E S NOON BUYING BATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN PUTCB GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA INDICES, MARCH 1 9 7 3 EASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 C O U N T R I E S P L U S SWITZERLAND) U . S . DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA S W E D I S H KRONA 3 - M O N T H FORWiRD EXCHANGE R A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIRA 25 25 25 25 25 25 25 25 25 47.34 0.48312 43.15 225.98 83.50 20.21 52.37 2.91637 0.09854 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 25 25 25 25 25 25 25 25 25 1 3 3 .. 1 6 126..50 123..88 9 1 .. 4 0 8 3 .. 2 3 9 1 ..08 1 6 8 .. 4 8 1 1 4 .. 9 2 5 5 .. 9 8 25 25 25 25 25 25 25 25 25 25 25 95. 135. 125. 121. 87. 79. 86. 165. 111. 51. 93. 100 GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . PCtfND CANADIAN DOLLAR FREKCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA CHABtf 2 . FEB. FEB. FEB. FEB. FSB. FEB. FEB. FEB. FEB. MAR 1 9 7 3 = 100 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 77 24 25 25 22 09 76 15 69 62 29 PREMIUM OR D I S C O U N T FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 25 25 25 25 25 25 25 25 - 0 ..23 3 .. 8 0 4 .. 3 5 4 .. 1 1 8 .. 9 3 6 .. 6 2 7 .. 9 3 - 1 ..91 SERIES CHART 3 . GCLD P R I C E U.S. CHART 4 . IN DCLLABS P E E CALL L A S T VALUE PLOTTED DATE VALUE NAME LCNDOH, FINE AFTEBNOON F I X I N G OUNCE 3-MCNTH INTEREST EURO-DOLLAR D E P O S I T RATES: S E L E C T E D E U R O - D C L L A B AND U . S . O V E R N I G H T EUBO-DOLLAR U . S . F E D E R A L FUNDS D I F F E R E N T I A L A D J . FOR 25 25 20 13 20 13 20 20 13 13 1 4 .. 9 6 1 5 .. 4 8 1 4 .. 1 3 1 6 .. 7 0 1 1 .. 2 5 8 ., 7 4 8 ,. 5 0 1 0 .. 7 5 9 .. 1 0 3 .. 9 5 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 25 25 25 25 25 25 25 15.52 11.48 8.42 17.13 12.81 7.55 12.06 FEB. FEB. FEB. FEB. FEB. FEB. 25 25 25 25 25 25 15.48 15.55 15.91 16.59 16.55 15.91 FEB. FEB. FEB. 25 25 25 15.48 14.96 0.52 FEB. FEB. FEB. 25 25 25 16.59 15.52 1.07 MONEY MARKET R A T E S DEPOSITS RESERVE 3 - M C N T H EURO-DOLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDABY DIFFERENTIAL FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. LONDON OVERNIGHT 7-DAY 1-MCNTH 3-MCNTH 6-MCNTH 1-YEAR CHART 7 . 503.95 BATES 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 & D I S C O U N T S CANADIAN F I N A N C E PAPER INTERBANK STERLING S W I S S INTERBANK LCAN WEIGHTED AVERAGE i O E E I G N X N T E B E S T RATE ( G - 1 0 C O U N T R I E S P L U S SWITZERLAND) CHART 6 . 25 MONEY B A T E S ' U . S . FEDERAL FUNDS O V E R N I G H T BURO-DCLLAR D E P O S I T S U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S CANAEA GEBMANY EURC-DM JAPAN FRANCE NETHERLANDS E U R C - S W I S S FBANC CHART 5 . FEB. REQUIREMENTS RATE MARKET SERIES CHART 8 . INTEREST L A S T VALUE PLOTTED DATE VALUE ' NAME ARBITRAGE, 3-MCNTH FUNDS EURC-DCLLAE D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S . CCHMERCIAL PAPER CANADIAN F I N A N C E P A P E R , DIFFERENTIAL COVERED COVERED EURC-DCLLAE DEPOSIT I N T E R B A N K E.I (FRANKFURT) , DIFFERENTIAL COVERED EURC-DCLLAE DEPOSIT S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9 . LCNG TERM GOVERMENT 10. I fc 1 6 .. 5 9 1 6 .. 7 3 - 0 ..14 FEB. FEB. FEB. 25 25 25 1 4 .. 7 5 1 6 .. 8 9 - 2 ..14 FEB. FEB. FEB. 25 25 25 1 6 .. 5 9 1 5 .. 9 5 0 .. 6 3 FEB. FEB. FEB. 25 25 25 1 6 .. 5 9 1 6 .. 6 5 - 0 ..06 FEB. FEB. JAN. JAN. FEB. NOV. FEB. FEB. 20 13 1 3 .. 1 6 9 .. 8 5 8 .. 8 1 4 .. 7 9 1 3 .. 3 8 14,. 2 4 1 0 .. 6 5 11 . 5 4 30 13 28 13 20 CCEFCFATE AAA BCNDS EURC-DM BONDS E U R C - D C L L A E BONDS CHART 25 25 25 EONE Y I E L D S UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. FEB. FEB. FEB. INDUSTRIAL UNITED STATES JAPAN FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY JAN. DEC. DEC. 12.81 6 ., 6 3 11. 76 STOCK I N D I C E S FEB. FEB. FEB. FEB. FEB. FEB. 20 20 6 20 20 13 1 3 6 .. 2 7 332..90 1 4 6 ..20 1 1 6 .. 5 6 7 4 .. 0 4 9 3 ., 2 8 FEDER/fl^ESERVE statistical release i| % a. 10(512) FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 2 7 , February 27, 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 MONETARY UNIT FEB. 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 116.6500 6.70916 2.91971 83.5632 15.2964 24.7678 20.3046 47.3485 12.0600 174.8000 0.09872 0.48065 43.8116 4.2517 43.2619 93.2000 18.5598 1.7746 128.9000 1.1689 5.5991 21.9418 52.5624 224.4000 23 FEB. 24 (RATE U . S . FEB. 116.2500 6.70466 2.91121 83.4377 15.2555 2 4 . 63 05 20.1308 47.2590 12.0300 173.8000 0.09833 0.48309 43.8116 4.2445 42.8266 92.9000 18.5701 1.7809 127.8000 1. 1662 5.5991 21.7155 52.1105 223.3000 CENTS 25 . 116.1000 6.70691 2.90951 83.4934 .1^.1745 24.6792 20.1776 47.4608 12.0000 173.7500 0.09843 0.48239 43.6491 4.2373 42.9738 92.4500 18.5632 1.7778 128.2000 1.1635 5.5991 21.6920 52.1785 222.8000 FEB. - 26 115.8500 6.66222 2.88600 83.3612 15.0943 24.6640 20.0763 47. 2590 12.0200 173.5000 0.09778 0.48100 43.5825 4.2409 42.6894 92.3600 18.4672 1.7590 128.0500 1.1553 5.5991 21.6169 51.3347 222.6500 FEB. 27 115.5000 6.62252 2.86944 83.2432 15.0376 24.5098 19.9402 46.9263 12.0000 171.5000 0.09747 0.47687 43.4216 4.2409 42.5170 92.0000 18.3083 1.7452 127.6000 1.1514 5.5710 21.5517 50.9684 220.4000
@FedFRASER