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(516/517) 7 / / A? Selected Interest & Exchange Rates Weekly Series of Charts October 19,1981 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 RATESHI. 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 1 9 7 3 = 1 0 0 I RATIO SCALE MARCH 1 9 7 3 = 1 0 0 U.K. POUND FOREIGN CURRENCY PRICE OF U.S. DOLLAR FRENCH FRANC GERMAN MARK JAPANESE YEN SWISS FRANC BELGIAN FRANC DUTCH GUILDER ITALIAN LIRA CANADIAN DOLLAR 1979 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 — — + < 0 t I U. K. POUND I I I I I u i i i b f i u ^ DUTCH GUILDER \ I - \nAV 11111111111 12 GERMAN MARK SWISS FRANC FRENCH FRANC JAPANESE YEN f 1979 1981 1979 1981 24 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 1981 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER M INT 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 FRANCE 16 V 2Q 16 GERMANY 12 12 8 8 4 4 EURO-DM 0 0 1979 1981 1979 1981 CHART 5 3-MONTH INTEREST RATES o J i WEEKLY SERIES 20 20 16 16 12 12 U.K. INTERBANK STERLING 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 26 20 22 16 GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER 18 12 14 8 10 4 6 0 12 16 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 NUM 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 20 16 16 12 12 8 8 4 4 1979 1981 1979 1981 0+ t CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: P L U S ( + ) , F A V O R S BORROWING IN U. S . AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 - - 22 22 — F E D E R A L FUNDS 18 An / i 1/ \ A n \ 1 iV il 14 — - 10 — I \ I 1 lly . " - 18 3-MONTH - E U R O - D O L L A R DEPOSITS •r- 14 - 10 - J rx DAY CD OVERNIGHT I E U R O - D O L L A R DEPOSITS r I I I I1 1 1 1 1 1 1 1 1 1 1 1 I I I I I I I I I I I 1 1 1 1 1 1 1 1 1 1 1 DIFFERENTIAL DIFFERENTIAL /iNryvwA I I I I I 1979 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 RATE S C A L E 1981 1 1 1 1 1 1 1 1 1 11 1979 1 1 1 1 1 1 1 1 1 1981 - ii 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 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON DIFFERENTIAL — DIFFERENTIAL — l - y W v INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL 1979 1 P E R C E N T ON D I F F E R E N T I A L DIFFERENTIAL 1981 S C A L E = 2 P E R C E N T ON R A T E S C A L E 1979 1981 _ CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 19 U. S. CORPORATE 19 MONTHLY 17 17 15 15 UNITED STATES Aaa BONDS 13 13 11 11 V 9 EURO-DOLLAR 9 BONDS 7 7 12 9 SWITZERLAND 10 7 8 5 GERMANY 6 3 4 1 13 15 MONTHLY UNITED \KINGDOM JAPAN 11 prf — — 13 9 11 7 9 : 5 i I I i i i II I II I II I II 7 18 19 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 S E R I E S RATIO SCALE 1969=100 RATIO S C A L E 1969=100 180 160 180 - - y\ - UNITED S T A T E S 140 J Y\y\yVx A — 120 - 100 - A Jl\j | 80 — v / Vy | - 160 -H 140 - 120 - 100 JAPAN - J — A - - | | | || || |I | | | I I I UNITED KINGDOM SWITZERLAND FRANCE GERMANY 80 140 120 - 100 A / A | 240 - iVr, I - W Y 80 | \ - I MIMIMIM 1979 160 120 — I - CANADA 60 I 200 V NETHERLANDS 45 - 90 1981 1979 1981 t SERIES CHART 1 . SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, * I LAST VALUE PLOTTED DATE VALUE NAME NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DU1CH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA INDICES, MARCH 1 9 7 3 BASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 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 3-MONTH FORWARD EXCHANGE R A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 14 14 14 14 14 14 14 14 14 45.25 0.43848 40.94 187.69 83.41 18.04 53.85 2.69253 0.08483 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 14 14 14 14 14 14 14 14 14 1 2 7 .,29 1 1 4 .,81 1 1 7 .,54 75.91 83.13 81.30 173. 25 1 0 6 . 10 4 8 . 19 14 14 14 14 14 14 14 14 14 14 14 1 0 4 .,70 1 3 9 .. 3 5 1 2 1 .. 5 4 1 2 3 .. 5 5 76. 77 8 5 ..20 82.65 1 8 2 .,67 1 1 0 .,55 4 7 .,38 8 3 .,51 14 14 14 14 14 14 14 14 -2.67 0 ., 5 0 4 ., 9 3 - 2 .,65 5 ., 6 3 3 .,65 8 ., 9 0 — 6 ,. 6 2 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. MAR 1 9 7 3 = 100 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. PREMIUM OR DISCOUNT OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SERIES CHART 3 . GOLD P R I C E I N U.S. CHART 4 . LAST VALUE PLOTTED DATE VALUE NAME LONDON, AFTERNOON F I X I N G DOLLARS PER F I N E OUNCE EURO-DOLLAB D E P O S I T B A T E S : OCT. OCT. OCT. SEPT. OCT. OCT. OCX. OCT. SEPT. OCT. 14 14 9 25 9 2 9 9 4 2 14.93 14.78 1 5 . 50 18.93 11.00 11.31 7.13 17.75 13.70 7.13 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 14 14 14 14 14 14 14 15.21 11.56 7.27 18.94 15.76 10.35 13.30 OCT. OCT. OCT. OCT1. OCT. OCT. 14 14 14 14 14 14 14.78 14.70 15.15 15.96 1 6 . 14 16.00 LONDON OVEBNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAB CHABT 7 . 446.75 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTEBBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPEB INTEBBANK S T E R L I N G S W I S S INTEBBANK LOAN WEIGHTED AVEBAGE FOBEIGN I N T E B E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 14 CALL MONEY BATES U . S . FEDERAL FUNDS OVERNIGHT EUBO-DOLLAB D E P O S I T S U . K . 2-DAY LOCAL AUTHORITY D E P O S I T S CANADA GEBMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5 . OCT. SELECTED EURO-DOLLAB AND U . S . MONEY MARKET BATES ' OVEBNIGHT EUBO-DOLLAB D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOB BESEBVE REQUIREMENTS OCT. OCT. OCT. 14 14 14 14. 78 14. 93 - 0 . 15 3-MONTH EUBO-DOLLAB D E P O S I T BATE U . S . 9 0 - D A Y C D ' S , SECONDARY MABKET DIFFERENTIAL OCT. OCT. OCT. 14 14 14 15. 96 1 5 . 21 0. 75 LAST VALUE PLOTTED DATS VALUE S E R I E S NAME CHART 8 . I N T E R E S T ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON) , DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , DIFFERENTIAL COVERED COVERED EURO-DOLLAR D E P O S I T INTERBANK 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 INTERBANK, COVERED DIFFERENTIAL CHART 9 . CHART 1 0 . t 1 5 . 96 16. 28 - 0 . 32 OCT. OCx. OCT. 14 14 14 14. 67 1 6 . 14 - 1 . 47 OCT. OCT. OCX. 14 14 14 15. 96 16. 63 - 0 . 67 OCT. OCT. OCT. 14 14 14 15. 96 1 6 . 12 - 0 . 16 OCT. OCT. SEPT. SEPT. SEPT. AUG. SEPT. OCT. 9 9 11 25 14 4 2 15. 10. 9. 6. 17. 17. 11. 14. 02 35 03 18 10 05 98 26 CORPORATE AAA BONDS EURO-DOLLAR BONDS v 14 14 14 LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. OCT. OCT. OCT. 1 6 . 92 13. 33 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN SEPT. AUG. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 7 7 7 7 7 7 7 7 125. 107. 192. 97. 85. 78. 91. 147. 48 00 01 79 49 67 77 25 FEDERAL RESERVE statistical release : H - , 0 t 5 1 2 " ' FOREIGN EXCHANGE RATES FOR THE MEEK ENDING OCTOBER 1 6 , 2"°"™ 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO BAND PESETA RUPEE KRONA FRANC POUND OCT. H 0 L I D A Y 12 OCT.. 13 IRkl CE U . S . CENTS! OCT.. 1 4 115.2000 6.46412 2.69034 83.4864 14.0499 22.8964 17.9469 45.0146 10.8932 159.6000 0.08460 0.43745 43.8020 3.9448 40.8163 83.1000 17.2265 1.5723 106.1200 1.0618 4.8204 18.2648 53.7634 185.5000 114.9300 6.41026 2.68240 83.. 2 5 7 0 .1^.9909 22.8363 17.9372 44.9944 10.9051 159.9000 0.08442 0.43716 43.7733 3.9401 40.7747 82.9500 16.9924 1.5625 105.0700 1.0515 4.8204 18.2149 53.7057 185.3000 OCT. 15 114.6000 6.46831 2.67380 83.3125 13.9519 22.8050 17.8875 44.8531 10.9890 159.0000 0,08450 0.43365 43.8789 3.9378 40.6091 82.7100 16.9276 1.5649 105.4200 1.0617 4.8204 18.1488 5 3 . 4 759 184.7000 ' OCT. 16 114.2100 6.40615 2.66312 83.1187 13.9082 22.7169 17.8412 44.6827 10.8932 158.2000 0.08396 0.43365 43.7254 3.9355 40.4858 82.2800 16.8279 1.5504 104.5500 1.0417 4.8204 18.0636 53.4759 183.1000
@FedFRASER