The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Selected Interest & Exchange Rates Weekly Series of Charts May 1 8 , 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 S C A L E MARCH 1 9 7 3 = 1 0 0 R A T I O SCALE MARCH 1 9 7 3 = 1 0 0 120 U.K. POUND 100 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR : vv FRENCH FRANC - ' \ 120 100 I I I V\ : ^ I I - I 120 100 80 JAPANESE YEN AJj - SWISS FRANC I I I I I I BELGIAN FRANC ^ : x DUTCH GUILDER 100 " | M 11111111111 100 100 - ITALIAN LIRA 80 |I 60 V 60 CANADIAN DOLLAR 40 I 80 I 1979 1981 I I I I I ! I I I I I I I 1979 11111111111 1981 40 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (•) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 „ ~ ^ r \ _ / V \ l v\AV I I « V V U. K. POUND I _ ITALIAN LIRA CANADIAN DOLLAR I I I IV i i i i 4- V 4 i V i 24 12 V : DUTCH GUILDER 6 III l l l l l l l l 18 GERMAN MARK SWISS FRANC Jj A ii n i l i l l ii l l l I I — 12 I 12 \ FRENCH FRANC JAPANE:SE YEN 1 l \ i - + 0 I 1979 1981 1 1 •11 t l 1 1 1 1 1 n1 1U i l l i l l f 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ U.S. D O L L A R S PER FINE 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 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 1978 1979 I I I I I I I I I I I I I I I I I I I I I I 1980 1981 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT HER At :NT PER A N N U M 28 28 24 24 U. K. 2-DAY LOCAL AUTHORITY U. S . FEDERAL FUNDS 20 20 16 16 12 12 8 8 illllllllll 4 4 24 24 20 20 16 16 CANADA EURO-SWISS FRANC 12 12 8 8 NETHERLANDS 4 4 0 0 l l l l l 11II111111llllI I I I I I I I I u 16 16 FRANCE ITV " 12 - 8 GERMANY III 12 8 4 4 WEURO-DM 0 I I 1979 I Illllllllll illllllllll 1981 1979 Illllllllll 1981 0 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES P E R C E N T PER AN PERC NT PER ANNUM 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 12 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 14 8 10 4 6 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 - V - 4 8 vZI'Wa J 4 8 1979 1981 \ 1979 I 0 11111111111 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 6-MONTH 7-DAY 20 20 16 16 12 12 8 8 4 4 24 24 1-MONTH 20 1-YEAR 16 20 A J - - 16 12 12 8 8 IIIIIIIIIII iiliiliiln I I I 4 1979 1981 1979 1981 4 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: P L U S M , FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY I N T PER A N N U M P E R C E N T P E R AN 26 - - 22 22 /\\ J 1 " - FEDERAL FUNDS 18 l\ 14 l\ Ijij — 18 3-MONTH EURO-DOLLAR DEPOSITS - V J - 10 IUM 26 14 j J 1 — p / f OVERNIGHT 10 TW* EURO-DOLLAR DEPOSITS I 6 I 1 1 1 1 1 1 1II 1 1 1 l l 1 LLL t ! I I I i I 1 1 1 1 1 1 1 1 1 I I 3 6 3 2 DIFFERENTIAL 2 DIFFERENTIAL 1 1 • + 0 0 1 1 2 2 3 3 4 i L _ i 11 i , U 11 n i l 1979 I PERCENT ON DIFFERENTIAL S C f L E = 2 PERCENT ON RATE SCALE i i 111111111 1981 L J 1979 i I I I I I I I I I I I I I I I I I I I I I 1981 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 20 12 I _ A I / INTERBANK STERLING COVERED LONDON 11111111111 11111111111 I I M i l l 4 U. S. COMMERCIAL PAPER , DIFFERENTIAL ~ f\A r " DIFFERENTIAL — m yA ~ I I I " i l l A " i V V i V - iv4 : i INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS 1 I 1 EURO-DOLLAR DEPOSITS IIIIIII DIFFERENTIAL DIFFERENTIAL I 1979 1981 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E I 1979 I 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ANNUM P E R C E N T PER 15 15 CANADA 13 UNITED STATES 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 9 NETHERLANDS 6 14 7 U. S. CORPORATE 12 13 MONTHLY MONTHLY JAPAN 11 Aaa BONDS 10 8 9 7 EURO-DOLLAR BONDS 6 5 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E 1969=100 RATIO S C A L E 1969=100 UNITED STATES FRANCE G E N E R A L INDEX SWITZERLAND JAPAN 160 UNITED KINGDOM - GERMANY l i 1981 ~ / ~ M, 120 100 - 1979 t 140 i 1979 i • I , 1981 80 SERIES CHART 1. L A S T VALUE PLOTTED DATE VALUE NAME S P O T EXCHANGE R A T E S AND I N D I C E S WEEKLY A V E R A G E S , NOON BUYING RATES (U.S. CENTS) 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 INDICES, MARCH 1973 BASE R A T E S = iGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 C O U N T R I E S PLUS 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-MONTH FORWARD 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 13 13 13 13 13 13 13 13 13 4 3 .,84 0., 4 5 7 2 0 3 9 .,45 209.,70 8 3 .,29 1 8 .. 3 3 4 8 ., 2 7 2 ., 6 8 7 0 4 0., 0 8 8 1 6 MAY MAY MAY MAY MAY MAY MAY MAY MAY 13 13 13 13 13 13 13 13 13 123.33 119.71 113.26 84.82 83.01 82.60 155.29 105.88 50.08 13 13 13 13 13 13 13 13 13 13 13 103.09 132.24 125.64 117.21 85.61 83.96 82.99 161.19 108.91 48.74 92.83 100 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 CHART 2 . MAY MAY MAY MAY MAY MAY MAY MAY MAY MAR 1 9 7 3 = 100 MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY PREMIUM OR D I S C O U N T MAY MAY MAY MAY MAY MAY MAY MAY 13 13 13 13 13 13 13 13 0. 7. 6. 3. 10. 7. 12. -2. 40 38 80 04 01 91 28 03 SERIES CHART 3. GOLD P R I C E U.S. CHART 4 . IN DOLLARS PER CALL L & S T VALUE P L O T T E D DATE VALUE NAME LONDON, FINE AFTERNOON FIXING OUNCE BAY 484.95 MAY 1 3 MAY 1 3 MAY 8 1 MAY 8 MAY 1 MAY 8 MAY 8 MAY 2 4 APRIL 1 MAY 18. 21 1 8 .,22 1 0 ., 6 3 1 7 ..00 1 1 ., 8 0 1 1 .,08 7 ., 1 3 12. 25 9 ., 9 0 7 ., 0 0 MONEY R A T E S U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL A U T H O R I T Y 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 . 13 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN I N T E R B A N K 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 I N T E R B A N K LOAN W E I G H T E D AVERAGE F O R E I G N I N T E R E S T R A T E ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: SELECTED EURO-DOLLAR OVERNIGHT EURO-DOLLAR U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR AND U . S . 70 89 25 33 12. 26 9 . 60 12. 93 MAY MAY MAY MAY MAY MAY 13 13 13 13 13 13 18.22 19.13 19.39 19.56 18.88 17.72 MAY 1 3 MAY 1 3 MAY 1 3 18. 22 18. 21 0. 0 1 MAY 1 3 MAY 1 3 MAY 1 3 1 9 . 56 1 8 . 70 0. 8 6 18. 12. 7. 19. MONEY MARKET R A T E S DEPOSITS RESERVE 3-MONTH EURO-DOLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDARY DIFFERENTIAL 13 13 13 13 13 13 13 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . MAY MAY MAY MAY MAY MAY MAY REQUIREMENTS RATE MARKET SERIES CHART 8 . INTEREST L A S T VALUE P L O T T E D DATE VALUE NAME ARBITRAGE, 3-MONTH EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G (LONDON), DIFFERENTIAL U . S . COMMERCIAL P A P E R CANADIAN F I N A N C E P A P E R , DIFFERENTIAL FUNDS COVERED COVERED EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9. LONG TERM GOVERMENT 13 13 13 1 8 .. 0 4 1 9 .. 7 5 - 1 ..71 MAY 1 3 MAY 1 3 MAY 1 3 1 9 .. 5 6 1 9 .. 9 0 - 0 ..45 MAY 1 3 MAY 1 3 MAY 1 3 19.56 19.85 -0.40 MAY MAY MAY MAY MAY APRIL APRIL MAY MARCH APRIL APRIL 8 1 17 1 13 24 24 14.46 10.36 7.90 5.44 15.07 15.09 10.91 11.44 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 9 . 56 1 9 . 86 - 0 . 41 BOND 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. MAY 1 3 MAY 1 3 MAY 1 3 10. INDUSTRIAL UNITED STATES JAPAN FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK MARCH DEC. FEB. 13.33 6.63 12.17 INDICES MAY MAY APRIL MAY MAY MAY 8 8 3 8 8 1 1 3 9 . 42 365. 55 148. 80 135. 92 74. 04 9 9 ., 16 FEDERAL RESERVE statistical release f^rSsv: H.10(512) HIT FOREIGN EXCHANGE RATES FOR THE WEEK ENDING HIT 15, 18, 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: COUNTRT MONETARY UNIT MAY 1 1 MAY 1 2 AUSTRALIA AUSTRIA BELGIUM CANADA DENHARK FINLAND FRANCE GERHANT INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM 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 114.2700 6.20347 '2.67380 83.2432 13.9130 23.3100 18.1686 43.7828 11.9904 160.2000 0.08813 0.45882 42.9553 4.1615 39.3546 88.7000 17.7368 1.6529 119.9000 1.0953 5.4437 20.5339 48.1812 210.1000 114.0900 6.17666 2.66667 83.2016 13.8658 23.2369 18.0701 43.5635 11.9617 159.4000 0.08772 0.45506 42.8082 4.1571 39.2157 88.4500 17.6445 1.6483 119.5300 1.0939 5.4437 20.4415 48.1812 208.7500 (RATE U . S . C E N T S ) MAY 1 3 . 113.9500 6.18812 2.67231 83.2432 1&.8696 23.2720 18.0750 43.5540 11.9474 159.4000 0.08768 0.45362 42.7533 4.1554 39.1773 88.2500 17.6522 1.6474 119.5700 1.0965 5.4437 20.4290 48.1232 207.7500 . MAY 1 4 MAY 1 5 113.5400 6.12370 2.63852 83.2086 13.7703 23.0787 17.9581 43.2713 11.8624 158«. 2 5 0 0 0.08681 0.44974 42.6076 4.1563 38.8954 88.0200 17.5778 1.6340 118.9400 1.0973 5.4437 20.3335 48.0538 206.6300 113.5200 6.15006 2.65604 83.2155 13.7988 23.0415 17.9614 43.3088 11.8343 158.2000 0.08666 0.44633 42.7442 4.1494 38.9560 87.7000 17.5670 1.6393 119.1000 1.0887 5.4437 20.3004 48.3325 207.4500
@FedFRASER