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(5 1 6 / 517) Selected Interest Exchange Rates W eekly Series of Charts October 20,1980 Prepared by the FIN A N C IA L MARKETS SECTION DIVISION OF INTERNATIO NAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 Table o f 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 2. D A IL Y C E R T IF IE D SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-M ONTH FORW ARD EXCHANGE RATES 3. GOLD P R IC E -LO N D O N 4. C ALL M O NEY RATES 5. 3-M ONTH INTEREST RATES 6. EURO-DO LLAR DEPOSIT RATES 7. SELECTED EURO-DO LLAR AND U.S. M O NEY M A RK ET RATES 8. INTEREST A R B ITRA G E: 3-M ONTH FUNDS 9. LONG-TERM G O V ER N M EN T BOND YIE LD S 10. IN D U S T R IA L STOCK INDICES 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, Divi sion 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. CHART 1 SPOT EXCHANGE INDICES D O LL A R PRICES OF FO REIG N CUR R ENC IES AND WEIGHTED A VERAGE V A L U E S A VERA G E S FOR WEEK ENDING W ED N ESDA Y RATIO S CALE MARCH 1973=100 (THIN L IN E ) RATIO SCALE MARCH 1973=100 120 120 100 80 FO REIGN PRICE 60 100 - . 1 1 1 1 1 OF 1 — CURRENCY - 80 lJ.S. D O L L A R 11111111111 111111111I 1 60 180 160 140 120 100 160 140 120 100 80 160 140 120 100 80 60 1978 1980 1978 1980 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER PERCENT ANNUM PER ANNUM + 0 24 12 6 + 0 6 1978 1980 1978 1980 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY u.s. c U .S . D O L L A R S P E R F IN E O U N C E L L A R S P E R F IN E O U N C E 800 800 750 750 700 700 650 650 600 600 550 550 12.5 Kg BARS A F T E R N O O N F IX IN G P R IC E 500 500 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 iiIiiliilii 100 1977 1978 1979 1980 CHART 4 CALL MONEY RATES WEEKLY SERIES 20 20 16 16 12 12 8 8 4 4 16 20 12 16 8 12 8 4 0 12 4 0 12 8 EURO-SWISS FRANC 4 8 + 0 4 0 4 1978 1980 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES 20 20 16 16 12 12 8 8 4 4 18 14 14 10 10 6 6 16 2 12 12 8 8 4 4 0 1978 1980 1978 1980 CHART 6 EURO-DOLLAR DEPOSIT RATES Lo n d o n AVERAGES FOR WEEK ENDING WEDNESDAY 20 20 16 16 12 12 8 8 4 4 20 20 16 16 7-DAY 12 12 8 8 4 4 20 20 16 16 12 12 8 8 4 4 1978 1980 1978 1980 CHART 7 SELECTED EURO-DOLLAR AND U, S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T P ER A N N U M P E R C E N T PER A N N U M 2 IO + 1 1 2 3 4 1 PERCENT ON D IF F E R E N T IA L SCALE = 2 PERCENT ON RATE SCALE CHART 8 INTEREST ARBITRAGE: 3-M ONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY N T PER ANN UM P E R C E N T P E R Ah 20 20 16 16 12 EURO-DOLLAR DEPOSITS 12 8 8 INTERBANK STERLING C O V ER ED LO NDO N 4 4 4 0 2 2 + 0 + 0 2 0 nliilnlii 2 20 20 16 16 12 12 8 8 4 4 2 2 4 DIFFERENTIAL + 0 + 0 2 2 1978 PER C EN T ON D IF F E R E N T IA L SCALE = 2 PERCENT ON RATE SCALE 1980 CHART 9 INUM 14 l5 12 i i 10 y 8 9 4 6 10 .? 8 $ 6 3 4 .1 1 -7 t 16 n - 15 14 12 - r ^ FRANCE 13 11 10 j 8 J A s - 9 I I l I I l II l I I 7 NETHERLANDS 6 i n I M I I ............... .. 14 13 12 11 10 9 8 7 6 5 CHART 1a INDUSTRIAL STOCK INDICES WEEKLY SERIES R A T IO SCALE 1969=100 R A T IO SCALE 1969=100 100 90 80 70 60 50 140 120 100 80 160 140 120 100 80 1978 1980 1978 1980 LAST VALUE PLOTTED DATE VALUE SERIES NAME 3HART 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 INDICES, OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 15 15 15 15 15 15 15 15 15 55.16 0.48093 50.75 240.37 85.83 23.83 60.84 3.43912 0.11605 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 15 15 15 15 15 15 15 15 15 155.16 125.92 145.69 97.22 85.55 107.37 195.74 135.52 65.92 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 85.74 146.32 113.04 131.39 84.81 74.18 94.59 176.20 121.23 56.06 94.01 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 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 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 1.64 -2.49 4.59 1.04 7.79 3.08 2.37 -10.31 SERIES NAME LAST VALUE PLOTTED DATE VALUE C H A R T 3. GCLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE OCT. 15 680.30 OCT. OCT. OCT. OCT. OCT. SEPT. OCT. OCT. OCT. SEPT. 15 15 10 3 10 19 10 10 3 19 12.64 13.11 16.13 10.48 8.80 8.43 11.13 11.50 9.55 2.95 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 15 15 15 15 15 15 15 12.49 8.84 11.30 11.42 15.46 5.38 11.40 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 OCT. 15 13.11 12.86 13.05 13.00 12.96 12.55 C H A RT 4. CALL HONEY RATES U.S. FEDERAL FUNDS O V E R N I G H T EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA G E RMANY EURC-DM JAPAN FRANCE NETHERLANDS EURO - S W I S S FRANC C H A RT 5. 3-MO N T H INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN J APANESE BANK LOANS & DISCOUNTS CAN A D I A N FINANCE PAPER INT E R B A N K STERLING SWISS I N TERBANK LCAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. E U R O -DOLLAR DEPOSIT RATES; LONDON OVERNIGHT 7 -DAY 1-MCNTH 3 - MCNTH 6-MCNTH 1-YEAR CHART 7. SELECTED EURO-DCLLAR AND U.S. MONEY MARKET RATES O VERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS OCT. OCT. OCT. 15 15 15 13.11 12.64 0.47 3 - MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFE RENTIAL OCT. OCT. OCT. 15 15 15 13.00 12.49 0.51. SERIES NAME CHART INTEREST ARBITRAGE, LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. OCT. OCT. 15 15 15 13.00 12.88 0.12 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL OCT. OCT. OCT. 15 15 15 12.25 13.11 -0.86 EURC-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. OCT. OCT. 15 15 15 13.00 13.53 -0.53 EURC-DCLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT. OCT. OCT. 15 15 15 13.00 13.27 -0.27 OCT. OCT. SEPT. SEPT. OCT. JULY OCT. OCT. 10 10 11.42 8.34 9.22 4.90 12.93 13.35 10.09 10.93 CHART 9. LCNG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETEERLANDS UNITED KINGDOM 19 3 11 3 3 0. S. CCRPORATE AAA BONDS EURC-DM BONDS EURC-DOLLAR BONDS :h a r t 10. SEPT. DEC. AUG. 12.02 6.63 10.60 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY OCT. OCT. DEC. SEPT. OCT. OCT. OCT. 10 3 29 19 3 3 3 137.52 324.44 113.81 153.60 115.10 76.64 97.69
@FedFRASER