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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts November 23,1981 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 or Governors of the Federal Reservfe 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 S C A L E RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 MARCH 1 9 7 3 = 1 0 0 120 - y \ - U.K. POUND 100 - V A / - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I I I • iilnliilii GERMAN MARK I I FRENCH FRANC LU I JAPANESE YEN SWISS FRANC BELGIAN FRANC \ - DUTCH GUILDER I I I 1 1 1 I I 100 100 80 ITALIAN LIRA - 80 — 60 ^ i1 ' Vv 60 CANADIAN DOLLAR . LL 40 1979 i 1981 1 1 1 1 1979 1 40 1981 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM P E R C E N T PER A N N U M 6 24 CANADIAN DOLLAR ITALIAN LIRA — I U. K. POUND XJ\nAV V I~ I I - lllllllllll 24 DUTCH GUILDER Vv 12 i 11 GERMAN MARK SWISS FRANC - - 12 - \ h f\ - J I I I I I I .. 12 FRENCH FRANC JAPANESE YEN — 6 1979 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ 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 I I I 100 1978 1979 1980 I I I I I I I I I I I 1981 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Al -NT PER ANNUM 28 28 24 24 U. K. 2-DAY LOCAL AUTHORITY U. S. FEDERAL FUNDS 20 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 ANNUM PERCENT PER 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 0 Illllllllll 6 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 8 8 4 4 0 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T P E R AL N U M ENT PER A N N U M 24 24 OVERNIGHT 20 3-MONTH 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 16 1-YEAR ffi 20 16 12 12 - 8 8 I 4 1979 1981 I I 4 1979 1981 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROW NG IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER A N N U M P E R C E N T PER ANNUA 21 26 — — 22 4 — 18 FEDERAL FUNDS - \ ~ jk — II E U R O - D O L L A R DEPOSITS d ll M 14 - j . - L 10 J DAY CD OVERNIGHT E U R O - D O L L A R DEPOSITS i i I I I I1 1 1 1 1 I I I I I I I I I I I I I I I I I I I I I I I I I M DIFFERENTIAL I I I I I I I I I I DIFFERENTIAL vAavV /ANVYVUW- 1 2 3 I II I 1979 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE I I 1981 I I I I I I ! ! ! i ! I I I I 1979 l ! 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 P E R C E N T PER A N N U M P E R C E N T PER A N N U M 28 28 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 20 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON DIFFERENTIAL - X | A — DIFFERENTIAL - - J L — " i l l J " i l l w v v y u " f V v W v v ^ i ill i h i l i i 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 PER A N N U M P E R C E N T PER 19 U. S. CORPORATE 19 MONTHLY 17 17 15 15 UNITED STATES Aaa BONDS 13 13 11 11 9 9 E U R O - D O L L A R BONDS 7 7 12 9 SWITZERLAND 10 7 8 5 GERMANY 6 3 4 1 15 13 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 1111111 7 8 NETHERLANDS 1979 1981 6 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E PATIO S C A L E 1969=100 1969=100 180 180 160 _ 140 — 120 - 100 - vv V V A v V x A 160 JAPAN UNITED STATES A X V Jf\j W / ~ — — - — 140 J YU — 100 - I I I I I II I It I II I i i l n l n l i i 120 - I I I lllllllllll UNITED KINGDOM SWITZERLAND FRANCE GERMANY I I I ! I I I I I 80 , I 14a 120 - - - 240 100 v A (Vw - - 200 - 160 - 120 I W y 80 I \ - V NETHERLANDS CANADA 60 45 I I 1979 I I I|II|II|I I , I|II |I,|I, 1981 90 1979 1981 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY 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 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 18 18 18 18 18 18 18 18 18 44. 80 0.44379 40.,96 190.,38 84.,28 17.,77 56.36 2.,67287 0.,08387 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 18 18 18 18 18 18 18 18 18 126. 02 116. 20 117.59 77..00 84.,00 80.07 181.,32 105.32 47. 64 18 18 18 18 18 18 18 18 18 18 18 104. 68 137. 66 123. 17 123. 59 77. 98 86.14 81.,25 191.,40 109.,69 46.,79 83..11 18 18 18 18 18 18 18 18 -3.09 -1.,42 2.,61 -3..97 3.,62 1.71 5.,78 — 8..53 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MASK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FBANS 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 NOV. NOV. NOV,. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 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 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. LAST VALOE PLOTTED DATE VALOE SERIES NAME CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE 406. 15 NOV. 18 NOV. NOV. NOV. OCT. NOV. NOV. NOV. NOV. SEPT. NOV. 18 18 13 23 13 6 6 13 4 6 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 18 18 18 18 18 18 18 29 10. 99 7.38 16. 25 14. 65 9. 47 12. 5« NOV. NOV. NOV. NOV. NOV. NOV. 18 18 18 18 18 18 12.91 12.90 12.97 13.09 13.35 13.50 CHART 4. 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-SWISS FRANC 13. 17 91 6.81 19.61 10.90 10.80 6.81 15.88 13.70 5.05 12. CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS S DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) 12. CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR | . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS NOV. 18 NOV. 18 NOV. 18 12.91 13. 17 -0.26 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL NOV. 18 NOV. 18 NOV. 18 13.09 12.29 0.80 SERIES NAME LAST VALUE PLOTTED DATE VALUE l. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. 18 NOV. 18 NOV. 18 13.09 13.17 -0.09 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. 18 NOV. 18 NOV. 18 12.04 13.03 -0.99 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. 18 NOV. 18 NOV. 18 13.09 13.67 -0.58 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV. 18 NOV. 18 NOV. 18 13.09 13. 18 -0.09 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM NOV. NOV. SEPT. OCT. OCT. OCT. SEPT. NOV. 13 6 16 23 16 4 6 13.29 10.15 9.03 6.00 16.87 17.07 11.98 13.61 U.S. CORPORATE A A A BONDS EURO-DOLLAR BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 16.92 13.36 SEPT. S2PT. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 11 11 11 11 11 11 11 11 126.18 111,73 192.11 95.75 82.47 75.55 87,34 146.30 •-OfGOW.- FEDERAL RESERVE statistical release 15,21 24 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING ' ,98 ' NOVEMBER 20, 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 SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM fRA'rs U.S. CENTS NOV. 18 MONETARY UNIT NOV. 16 NOV. 17 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 114.4-200 6.36537 '2.67165 84.2744 13.9082 22.9806 17.7211 44.6229 11,0011 157.5000 0.08365 0.44307 44.4050 3.8971 CO.8497 83.1500 17.1821 1.5552 103.5500 1.0435 4.7721 18,1818 56.6251 191.3000 114.4000 6.35324 2.64830 84.1822 13.8064 22.9674 17.5963 44.4148 10.9649 157.1000 0.08316 0.44593 44.4050 3..C956 40.6835 82.9500 17.0707 1.5540 103.5060 1.0444 4.7721 18.1241 55.5093 189.3000 114.6100 6.34115 2.67165 84.7889 13-9034 22.8990 17.7588 44.7227 10.9051 159.7500 0.08386 0.45004 44.4444 3.8956 40.84 97 83.1500 17.2147 1.55<6 103.4000 1.0416 4.7721 18.2382 55.8972 191.1500 NOV. 19 NOV. 20 114.7200 6.39386 2.66312 84.4737 13.8744 23.0920 17.6803 44.5633 11.0132 158.2000 0.08344 0.45393 44.7027 3.8775 40.7332 83.2500 17.2384 1.5552 103.6000 1.0492 4.7721 18.1818 55.64 83 191.1000 114.5500 6.35324 2.64340 84.4167 13.7363 22.9568 17.5531 44.2674 10.9409 157.5000 0.08319 0.45735 44.6827 3.8670 40.5022 83.3500 17.1674 1.5504 103.2700 1.0411 4.8298 18.0668 55.. 0055 169.7000
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