View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series o f Charts

November 26,2001

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the

BOARD OF GOVERNORS

FINANCIAL MARKETS

FEDERAL RESERVE SYSTEM

SECTION

Washington, D.C. 20551




Table o f Contents
TABLES
1. LATEST FIGURES PLOTTED
2. DAILY CERTIFIED SPOT
EXCHANGE RATES
CHARTS
1. NOMINAL CURRENCY EXCHANGE
VALUES
2. 3-MONTH FORWARD EXCHANGE
RATES
3. PRICE OF GOLD IN LONDON
4. OVERNIGHT FUNDING RATES
AND OFFICIAL INTEREST RATES
5. 3-MONTH INTEREST RATES
6. LONG-TERM GOVERNMENT BOND
YIELDS
7. STOCK INDEXES




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each
in the United States, its possessions,
Canada, and Mexico. Elsewhere,
$35.00 per year or $.80 each. Address
requests to Publications Services
Division of Support Services and
make payment remittance payable to
the Board o f Governors of the Federal
Reserve System in a form collectible
at Par in U.S. currency.

Chart 1

Nominal Currency Exchange Values
Dollar prices of foreign currencies and weighted average values of U.S. dollar
(Averages for week ending Wednesday, ratio scale, March 1973 = 100)

200
Foreign currency
price of U.S. dollar
— (Major currencies index)

Restated German mark and euro
180

160

140

120

290
Canadian dollar

Japanese yen
260

230

200

170

260
U.K. pound

Swiss franc

220

180

140

90
Australian dollar




Swedish krona
70

50

30

Chart 2

3-Month Forward Exchange Rates
Premium (+) or (-)
(Averages for week ending Wednesday, percent per annum)

1

German mark and euro
U.K. pound

0

-1

-2

-3
8
Canada

Japanese yen

6

4

2

Swiss franc




Australian dollar

2

1

0

-1

-2

-3

Chart 3

Price of Gold in London
(Averages for w eek ending Wednesday)

u.s. dollars per fine ounce

U.S. dollars per fine oi

420

420

400

12.5 Kg Bars
Afternoon fixing price

400

380

380

360

360

340

340

320

320

300

300

280

280

260

260

240

1996




1997

1998

1999

2000

2001

240




Chart 4

Interbank Funding Rates and Official Interest Rates
(Averages for w eek ending Wednesday, percent per annum)

Chart 5

3-Month Interest Rates
(Averages for week ending Wednesday, percent per annum)

6
German/euro-area interbank

4

U.S. CD

Weighted average
foreign rate

2

0
6
Canadian finance paper

Japanese CD

4

2

0
6
U.K. interbank sterling

Swiss interbank

4

2

0
6
Australian bank bill




Swedish treasury bill

4

2

2001

0

Chart 6

Long-Term Government Bond Yields
(Averages for week ending Wednesday, percent per annum)

8
Germany

United States

6

4
Weighted average
foreign rate

2

0
8
Canada




6

4

2

0
8
United Kingdom

France

6

4

2

0

2000

8
Switzerland

6

4

2

2000

0




Chart 7

Stock Indexes
(Averages for week ending Wednesday, ratio scale, December 30, 1994 = 100)

24 -Oct-01 31-Oct-01 7-Nov-01
Chart 1.

14-Nov-01 21-Nov-01

Nominal Currency Exchange Values

Noon buying rates

(U.S. cents, weekly averages)

Australian dollar
Canadian dollar
Japanese yen
Restated German mark and euro
Swedish krona
Swiss franc
U .K . pound

50.8060
63.473
0.81907
89.47
9.4405
60.486
143.11

50.4160
63.320
0.81647
89.95
9.4411
61.025
144.52

51.0440
62.760
0.82309
90.04
9.4732
61.154
146.09

51.6925
62.590
0.82759
88.71
9.4538
60.459
144.92

51.8760
62.862
0.81414
88.11
9.3954
60.317
142.06

35.96
63.26
214.46
128.69
41.81
194.59
57.88

35.68
63.11
213.78
129.38
41.81
196.33
58.45

36.13
62.55
215.51
129.50
41.95
196.74
59.09

36.59
62.38
216.69
127.60
41.87
194.50
58.62

36.72
62.65
213.17
126.73
41.61
194.05
57.46

-2.04
-0.30
-1.37
2.22
0.13
-2.01

-2.08
-0.29
-1.38
2.13
0.13
-1.99

-2.21
-0.26
-1.41
2.02
-0.01
-1.90

-2.24
-0.26
-1.33
2.13
-0.04
-1.85

278.34

279.60

278.37

273.86

Indexes, March 1973 base rates = 100
Australian dollar
Canadian dollar
Japanese yen
Restated German mark and euro
Swedish krona
Swiss franc
U .K . pound
Chart 2.

3-Month Forward Exchange Rates, Premium or Discount

Australian dollar
Canadian dollar
Euro
Japanese yen
Swiss franc
U .K . pound
Chart 3.

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

-2.00
-0.51
-1.29
2.34
0.16
-2.02

277.52

Interbank Funding Rates and Official Interest Rates

United States
Target federal funds rate
Effective federal funds
Discount rate
Canada
Bank rate
Call money
Lower bound
Euro area
Marginal lending rate
Eonia
Repo rate
Overnight deposit rate
Japan
Call money
Discount rate
Switzerland*
Upper bound
Libor rate
Lower bound
United Kingdom
Call money
Repo rate

2.50
2.49
2.00

2.50
2.55
2.00

2.36
2.36
1.86

2.00
2.03
1.50

2.00
2.03
1.50

3.00
3.20
2.50

3.00
2.70
2.50

3.00
2.75
2.50

3.00
2.75
2.50

3.00
2.74
2.50

4.75
4.44
3.75
2.75

4.75
3.77
3.75
2.75

4.75
3.82
3.75
2.75

4.25
3.69
3.25
2.25

4.25
3.29
3.25
2.25

0.00
0.10

0.00
0.10

0.00
0.10

0.00
0.10

0.00
0.10

2.75
2.21
1.75

2.75
2.16
1.75

2.75
2.03
1.75

2.75
2.01
1.75

2.75
2.18
1.75

3.61
4.50

3.95
4.50

3.67
4.50

3.30
4.00

3.73
4.00

*In January 2000, the Swiss National Bank began to target the Swiss Franc 3-month LIBOR
interest rate, with the aim of keeping this rate inside a range given by an upper and
a lower bound.




24-Oct-Ol 31-Oct-Ol 7-Nov-01
Chart 5.

3 -Month Interest Rates

U.S. 90-day CD's, secondary market
Australian bank bill
Canadian finance paper
Euro-area interbank
Japanese CD
Swedish treasury bill
Swiss interbank
U.K. interbank sterling
Weighted average foreign interest rate
(Canada, euro area, Japan, United Kingd
Chart 6.

2.28
2.14
2.03
1.92
4.24
4.30
4.28
4.34
2.54
2.47
2.86
2.45
3.56
3.47
3.59
3.34
0.03
0.03
0.03
0.03
3.85
3.83
3.86
3.79
2.06
1.92
2.12
1.96
4.19
4.04
4.31
3.82
2.17
2.42
2.30
2.23
Switzerland, Australia, and Sweden)

2.06
4.25
2.45
3.37
0.03
3.88
2.08
3.88
2.19

Long Term Government Bellwether Bond Yields
10-year maturity, where available

Canada
France
Germany
Italy
Japan
Switzerland
United Kingdom
United States
Weighted average foreign interest rate
Chart 7.

14-Nov-Ol 21-Nov-01

Stock Indexes

Canada
France
Germany
Euro area*
Italy
Japan
Switzerland**
United Kingdom
United States

5.06
4.91
5.26
4.90
4.74
4.60
4.44
4.48
4.46
4.61
4.29
4.34
4.80
4.96
4.65
4.68
1.35
1.33
1.31
1.32
3.04
2.94
3.09
3.01
4.64
4.44
4.79
4.44
4.47
4.62
4.29
4.40
4.39
4.25
4.12
4.14
Switzerland, Australia, and Sweden)

5.35
4.70
4.56
4.90
1.35
3.20
4.68
4.87
4.39

(Wednesday figures)
162.66
228.68
190.42
289.99
221.95
70.57
247.32
106.47
222.00

163.42
222.26
180.09
290.42
211.93
67.95
239.81
104.90
217.72

169.62
229.56
188.01
294.81
215.21
66.61
245.97
109.57
226.54

174.42
234.80
196.41
302.71
221.98
65.37
252.86
113.00
230.92

173.98
234.78
201.26
310.44
227.78
67.90
256.42
116.39
230.96

1994, *♦December 29, 1994) are Toronto Composi
SBF250, FAZ Aktien, *Dow Jones EURO stock index, Banca Italiana General, Tokyo SE (Topix),
Swiss Performance Index, Financial Times Ordinary, NYSE Composite