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(516/517) ^///? Selected Interest & Exchange Rates Weekly Series of Charts November 2,1981 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 Reservfe System in a form collectible at par in U.S. Currency. 2. DAILY CERTIFIED SPOT EXCHANGE RATESH.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 SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 120 — — U.K. POUND 100 100 80 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I — I I II l u l l i I I I 60 A - — 110 . . 90 — GERMAN MARK " j\— FRENCH1 FRANC I l u l i i l u liT l JAPANESE YEN SWISS FRANC BELGIAN FRANC - A - DUTCH GUILDER 100 ' * h i 100 100 ^ ^yzx"x/N-— ITALIAN LIRA 80 80 v A . — 60 40 60 CANADIAh1 DOLLAR I I I I I 1979 I ii l i i h i l l i 40 1981 1979 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 CANADIAN DOLLAR ITALIAN LIRA - I I I X - Ai- U. K. POUND DUTCH GUILDER V I ~ \nAV 12 I I 6 — 6 l l l l l l l l l l l I 12 18 SWISS FRANC GERMAN MARK - A A/ — 12 \I IIIIIIIII - FRENCH FRANC — 1979 12 JAPANESE YEN 1981 1979 1981 6 # CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c LLARS PER FINE OUNCE U.S. DOLLARS 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 I I 1981 100 \ CHART 4 CALL MONEY RATES WEEKLY SERIES ENT PER" ANNUM PERCENT PER AL NUM 28 28 24 24 20 U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY 20 16 16 12 12 8 8 4 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 PERI :NT PER ANNUM PERCENT PER AN IUM 20 20 U.S. CD'S 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 26 20 22 16 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE 18 12 14 8 10 4 6 0 12 16 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 8 8 4 0 4 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 OVERN GHT 3-MONTH 7-DAY 6-MONTH 24 1-MONTH 1-YEAR _/" I 1979 1981 V I 1979 I lllllllllll 20 v- 16 12 - X - - - - - 8 , , i , , 11, i , 7 1981 4 * 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 \a : FEDERAL FUNDS 18 k 1 1/ M ll 14 i\ r ,\ — - I , InI y 22 18 3-MONTH E U R O - D O L L A R DEPOSITS " 14 — J 10 - 10 DAY CD OVERNIGHT - If - E U R O - D O L L A R DEPOSITS I I I I I 1 I I I I 1 1 1 II 11 I 1 1II 11111 1 I I I I I 6 3 DIFFERENTIAL DIFFERENTIAL 2 / A / H y v J V II I I I I I I I I I I I I I I I I I I I I 1979 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E 1981 1979 - I I I I I I I I I I I 1981 1 CHART 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 V INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON Mill i JJ 4 2 DIFFERENTIAL DIFFERENTIAL INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL - I 1979 1981 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON R A T E S C A L E I 1979 I 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER A L 19 U. S. CORPORATE 19 MONTHLY 17 17 15 15 UNITED STATES Aaa BONDS 13 13 11 11 9 — 9 EURO-DOLLAR BONDS 7 7 12 9 SWITZERLAND 10 7 8 5 GERMANY 6 3 4 1 13 15 MONTHLY UNITED KINGDOM JAPAN 11 13 9 11 7 9 5 7 19 18 16 17 FRANCE 14 15 CANADA 13 12 11 10 9 8 NETHERLANDS 6 7 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 180 180 160 140 UNITED STATES Xv/vwvA - 160 JAPAN - 140 - 120 120 100 - 80 I I I - I I I 140 120 100 UNITED KINGDOM SWITZERLAND FRANCE 80 GERMANY 60 140 120 100 80 60 140 120 - - IVx 100 I 80 W A - - v W V Y N J I / V NETHERLANDS CANADA 60 45 1979 1981 1979 1981 100 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES V WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) G E R M A N MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 28 28 28 28 28 28 28 28 28 43.,62 0. ,42703 39.,51 181.,51 82.86 ,38 17. 52.,64 ,61294 2. 0. ,08232 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 28 28 28 28 28 28 28 28 28 122.71 111.81 113.42 73.42 82.58 78.32 169.34 102.96 46.76 28 28 28 28 28 28 28 28 28 28 28 107.92 137.23 121.19 121.99 75.96 86.80 81.42 182.87 109.84 47.07 83.03 28 28 28 28 28 28 28 28 -2. 65 -0. 12 ,90 4. -1. 17 ,08 5. ,40 3. ,04 9. — 6. ,04 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA WEIGHTED A V E R A G E 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 F R A N C SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA - OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. CHART 2. 3-MONTH F O R W A R D EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. SOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE OCT. 28 430. 09 . CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO—SNISS FRANC OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SEPT. OCT. 28 28 23 16 23 16 23 23 4 16 14. 87 14. 60 15. 50 19. 54 11. 00 11. 08 7. 00 16. 00 13. 70 7. 63 OCT. OCT. OCTOCT. OCT. OCT. OCT. 28 28 28 28 28 28 28 15. 30 11. 52 7. 22 18. 77 16. 58 11. 25 13. 29 OCT. OCT. OCT. OCT. OCT. OCT. 28 28 28 28 28 28 14. 60 15. 07 15. 58 16. 35 16. 66 16. 44 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS OCT. 28 OCT. 28 OCT. 28 14. 60 14. 87 -0. 27 3-MONTH EURO-DOLLAR DEPOSIT BATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL OCT. 28 OCT. 28 OCT. 28 16. 35 15. 30 1. 05 . 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY L-MONTH 3-MONTH 6-MONTH 1-YEAR . SELECTED EURO-DOLLAR AND U.S. MOSEY MARKET RATES LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 28 OCT. 28 OCT. 28 16.,35 ,45 16. -0. ,10 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL OCT. 28 OCT. 28 OCT. 28 14. ,74 ,00 16. -1. .26 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. 28 OCT. 28 OCT. 28 16. ,35 16. ,57 -0. .21 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT. 28 OCT. 28 OCT. 28 16.35 16. 47 -0. 12 , CHART 9. LONG TERM GOVERMENT BOND YIELDS UNIIED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM i . CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. OCT. OCT. SEPT. OCT. OCT. SEPT. SEPT. OCT. 23 16 16 16 11 4 23 15.21 10. 16 9.03 6.00 16.77 17.04 11.98 14.23 - SEPT. AUG. 16.92 13.33 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 21 21 21 21 21 21 21 21 124..05 104..76 185.69 95..71 84..08 77.,95 91.,87 142.,36 FEDERAL RESERVE statistical release fl ,0 512 " « » FOREIGN EXCHANGE RATES FOB THE WEEK ENDING ociOBBB 30, 1981 OCTOBER 30, 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 GERMANI INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEB ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM <RA: FB U.S. CENTS OCT. 28 . MONETARY UNIT OCT. 26 OCT. 27 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 113.2900 6.26959 '2.59336 82.7746 13.4798 22.2025 17.2443 43.2900 10.8225 152.6000 0.08170 0.42346 43.5161 3.9216 39.2311 81.3000 16.5153 1.5152 103.2000 1.0135 4.8204 17.6772 52.1648 180.5000 113.3600 6.19195 2.60078 82.7541 13.4862 22.2816 17.2861 43.3745 10.8932 153.6000 0.08197 0.42599 43.3463 3.9185 39.3005 81.5000 16.5631 1.5175 103.1000 1.0190 4.8204 17.6866 52.3972 181.0800 113.4800 6.20347 2.62123 82.8226 13.6008 22.3289 17.3822 43.6491 10.9051 154.5000 0.08217 0.42726 43.5350 3.9185 39.5257 81.5000 16.7098 1.5232 103.0000 1.0202 4.8204 17.7841 53.1068 182.4500 OCT. 29 OCT. 30 113.5500 6.25391 2.63089 82.9394 13.6659 22.3513 17.5747 44.0529 10.9529 155.7000 0.08264 0.42671 43.5161 3.9154 39.9600 81.8000 16.6945 1.5232 103.4500 1.0241 4.8204 17.8444 53.7634 183.1500 ' 113.7000 6.32911 2.65393 83.1256 13.8026 22.6757 17.6835 44.5732 10.9529 156.8000 0.08340 0.42955 43.8212 3.9124 40.4449 82.1000 16.8279 1.5480 103.7200 1.0370 4.8204 17.9727 54.4959 186.2000
@FedFRASER