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(516/517) ^SEARCfi^ Selected Exchange Rates XAfeekly Series of Charts / May 4,1981 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 SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1973=100 120 - - — — U.K. POUND — - V — A w " A : FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 - — 80 - - — I I I I I I I I I I I I 111 I l l l l l l l l l l I FRENCH FRANC - / 60 - . GERMAN MARK " I I I I I I — xV\ — - 240 a/I 140 — X 100 sa 100 80 Illllllllll 160 120 120 — JAPANESE YEN - , J SWISS FRANC - " 200 i l I l I I Illllllllll illllllllll 160 140 zyv BELGIAN FRANC AJ _Ayv/ X\ 120 — WX. - DUTCH GUILDER - 100 100 7 Illllllllll ~ m Illllllllll i 100 ITALIAN LIRA - r ~ - — - I 80 60 CANADIAN DOLLAR I ' l l 1979 1981 I I 1979 I Illllllllll 40 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER At 6 4W U 24 CANADIAN DOLLAR ITALIAN LIRA — + 0 i 6 i i I I I v - + 0 X 24 6 12 DUTCH GUILDER U. K. POUND + 0 6 6 0 + I I Li ; L ! 12 6 18 12 GERMAN MARK SWISS FRANC 12 6 6 + 0 0 12 12 FRENCH FRANC JAPANESE YEN 6 6 + 0 + 0 6 5 1979 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D LLARS PER FINE OUNCE U.S. DOLLARS PER FINE I 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARSAFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 i 100 1978 1979 I I I I I 1980 I I I l I I I I I I I I 1981 I I I M 100 C A T4 HR "/ V CALL MONEY RATES t i " WEEKLY SERIES :NT PER ANNUM PERCENT PER AH 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 I I I I I II I I I I 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES WEEKLY SERES [NT P R A N M E NU PERCENT PER Ah 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 0 6 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 IV - - 8 4 V/lH-, 4 8 1979 1981 JI 1979 I I I I I I I I I I I I. 111111 11111 1981 0 CHART 6 EURODOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM PERCENT PER 24 24 3-MONTH OVERNIGHT 20 20 16 16 12 12 8 8 4 4 24 24 MONTH 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 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 - 18 - FEDERAL FUNDS l\ / 'n 14 h ih M — — 10 nJ - (M I V - 3-MONTH E U R O - D O L L A R DEPOSITS j I II »! 14 — ri J — T I M l II - 90-DAY CD S 10 - E U R O - D O L L A R DEP O S I T S I 18 /; ,i i OVERNIGHT - 6 / 22 - II II 6 I I I I I I I I I I I 3 DIFFERENTIAL DIFFERENTIAL 1 - 3 - 111111111111111 1979 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E 1981 I I I I I I I I I I I 1979 i i I i i I n 1981 ! i i CHART i 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 - 20 12 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON III II I I I - NN J DIFFERENTIAL — L — " I I DIFFERENTIAL A^VA/VA V \ I !Y- I I I I I I I I III INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL 1979 DIFFERENTIAL 1981 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E " 1979 1981 CHART 9 LONG-TERM GOVERNMENT BOND- YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER Al NUM 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 7 6 14 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 6 5 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=<00 UNITED STATES FRANCE GENERAL INDEX SWITZERLAND JAPAN UNITED KINGDOM GERMANY 1979 1981 1979 1981 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES MEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 29 29 29 29 29 29 29 29 29 45 73 0 ,46792 41 ,13 216 07 83 ,71 19 ,30 50 ,18 2 ,80813 0 ,09176 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 29 29 29 29 29 29 29 29 29 128.65 122.52 118.08 87.39 83.43 86.95 161.43 110.65 52.13 29 29 29 29 29 29 29 29 29 29 29 99.54 134.58 124.89 118.98 85.83 81.95 85.21 163.05 110.83 49. 40 93.00 29 29 29 29 29 29 29 29 -1.06 4.11 4.13 2.79 6.80 5.60 9.09 -2.86 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE"EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PBICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE APRIL 29 485.20 CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS OVESNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC APRIL APRIL APRIL APRIL APRIL APRIL APBIL APRIL APRIL APRIL 29 29 24 3 24 10 24 24 3 10 16.28 15.97 12.00 16.53 9.50 11.45 7.13 12.25 9.05 6.73 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 29 15.48 12.91 7 . 19 17.65 12.35 9.30 12.55 APRIL APRIL APRIL APRIL APRIL APRIL 29 29 29 29 29 29 CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 8 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) 29 29 29 29 29 29 CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 1 5. 97 15.77 16.19 16.38 16.38 15. 68 CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS APRIL 29 APRIL 29 APRIL 29 15.97 16.28 -0.31 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL APRIL 29 APRIL 29 APRIL 29 16.38 15.48 0.90 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 29 APRIL 29 APRIL 29 16. 38 16. 59 -0. 21 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 29 APRIL 29 APRIL 29 14,.92 16. 54 -1. 62 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL 29 APRIL 29 APRIL 29 16. 38 17. 17 -0. 80 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL 29 APRIL 29 APRIL 29 16. 38 16. 26 0. 11 APRIL APRIL MARCH APRIL APRIL MARCH APRIL APRIL 13.78 10.23 8.29 5.44 13.42 15.09 10.66 11.44 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 24 24 17 3 13 3 17 I CORPORATE . AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS 13.33 6.63 12.17 MARCH DEC. FEB. CHART 10. INDUSTRIAL STOCK INDICES t t UNITED STATES JAPAN FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL APRIL APRIL APRIL APRIL APRIL 17 10 3 10 10 10 142.37 360.36 148.80 128.49 75.59 97.69 FEDERAL RESERVE statistical release H. 10(512) MAY FOREIGN EXCHANGE RATES MAY FOB THE WEEK ENDING 4, 1981 1, 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: (RATE U.S. CENJFS APR. 29 COUNTRY MONETARY UNIT APR. 27 APR. 28 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED 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 115.4000 6.50195 2.81770 83.8013 14.5730 23.9521 19.3461 45.8400 12.1212 167.4500 0.09200 0.47148 43.3745 4.1719 41.2456 90.2500 18.1455 1.7079 122.9700 1.1346 5.4437 21.1282 50.2260 216.3000 115.3700 6.45578 2.80662 83.6820 14.5033 23.9292 19.3162 45.7352 12.1065 167.6500 0.09183 0.47103 43.2807 4.1728 41.1015 90.1000 18.1488 1.7021 122.9000 1.1291 5.4437 21.0526 50.3271 215.6000 115.1200 6.39795 2.77778 83.5213 . 14.3616 23.8095 19.0712 45.1875 12.0337 165.4000 0.09091 0.46577 43.1686 4.1719 40.6669 89.8500 18.0424 1.6892 122.4000 1.1223 5.4437 21.0305 49.4805 214.3000 APR. 30 114.9200 6.39795 2.78164 83.5981 14.3565 23.7925 19.0295 45.2386 12.0048 165.5000 0.09124 0.46343 43.1220 4. 1649 40.7166 89.7000 18.0473 1.6821 122.0000 1.1217 5.4437 21.0526 49.4805 213.9500 MAY 1 114.8700 6.37755 2.78862 83.5911 14.3885 23.7530 19.1022 45.3927 11.9760 166.2000 0.09124 0.46350 43.0293 4.1615 40.7830 89.6500 18.0571 1.6779 121.9100 1.1223 5.4437 21.0526 49.5540 214.3000
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