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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 RATES-H 10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2 3-MONTH FORWARD EXCHANGE RATES a GOLD PRICE-LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES & EURO DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES a INTEREST ARBITRAGE: 3-MONTH FUNDS 5. LONG-TERM GOVERNMENT BOND YIELDS W . 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 MARCH 1 9 7 3 = 1 0 0 RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 — U.K. POUND ^x-'X - r - y . FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I MlMlMl," I - W GERMAN MARK — " i l l r i x V i , / " V f - FRENCH FRANC i I I I II I I I I I I II I I I I I I JAPANESE YEN vv—V /V. / j y y! > \ £ V \ _ SWISS FRANC I I I I I I - — BELGIAN FRANC — DUTCH GUILDER " l l l I I I mImIiiIm - ITALIAN LIRA - I I v " \ CANADIAN DOLLAR \ - - I 1979 1981 I I i i 1979 i lllllllllll lllllllllll 1981 110 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 —V U. K. POUNDi V, V \ ~ y X/- + 0 24 DUTCH GUILDER VXAV I I I I I I I I i l l 11 h i l i i 12 \ - GERMAN MARK SWISS FRANC FRENCH FRANC JAPANESE YEN - 6 4 r 1979 1981 1979 1981 » CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK E N O W WEDNESDAY U.S. 0 LLARS PER FINE OUNCE US. DOLLARS PER FINE I 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12JS Kg SAKS AFTERNOON FIXING PRICE 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 I 1978 I i i I i i I i i I i i I i i I i i I t 1979 1980 1981 100 CHART 4 CALL MONEY RATES WEEKLY SEMES PERI :NT PER ANNUM PERCENT PER AM HUM 28 26 24 24 U. K. 2-DAY LOCAL AUTHORITY U. S. FEDERAL FUNDS 20 20 16 16 12 12 8 6 11lllllllII 4 4 24 24 20 20 16 16 CANADA 12 12 EURO-SWISS FRANC 8 8 4 4 NETHERLANDS 0 0 ' l l l l l l l 24 24 20 FRANCE 16 V 20 16 GERMANY 12 12 8 8 JAPAN 4 0 4 EURO-DM l'l 1079 1981 I I I 1979 11 I l l l l l l l I •981 0 + CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERC VT PER ANNUM PERCENT PER ANI 20 20 U . S . CD'S 16 16 12 12 8 8 WEIGHTED AVERAGE FOREIGN RATE 4 4 26 20 - - 16 22 CANADIAN FINANCE CO. PAPER 18 12 14 8 10 : _L 6 1 1 1 1 1 1 4 , 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 IV 8 - 4 8 - V 4 1979 + 1981 m u . . / T 1979 i 0 1981 5 L. CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANIWM IT PER ANNUM 24 24 20 3-MONTH OVERNIGHT 20 16 16 12 12 8 6 111111111 n 4 1111111 4 24 24 6-MONTH 7-DAY 20 20 16 16 12 f2 8 8 4 4 24 24 1-YEAR 1-MONTH 20 — 20 - 16 16 12 12 — — /*%/y 8 8 - I I I 4 1979 1981 I I I 1979 4 1981 CHART 7 i 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 r ~ 22 FEDERAL FUNDS 3-MONTH EURO-DOLLAR DEPOSITS OVERNIGHT I E U R O - D O L L A R DEPOSITS 6 3 3 DIFFERENTIAL DIFFERENTIAL 2 1 • 0 1 2 3 11 4 1979 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 1981 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 : EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 1 20 12 - j J r I I / INTERBANK STERLING tyZjf A i i v v n r i COVERED LONDON . i h i i i i i U. S. COMMERCIAL PAPER n l i i l i i 1 1 1 1 1 1 i i 111 DIFFERENTIAL —• DIFFERENTIAL - V yAA — j - vi- 2 " [ I I 1 1 1 l i l l l h i l lil lltl lillill " i l l ' 1 1 1 l l i 1111 l l l i l i i l l 28 INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 20 12 EURO-DOLLAR DEPOSITS ! I I I i EURO-DOLLAR DEPOSITS I II I j j I j j I ! j I u I n IH I I l iiI I I I iI iI I DIFFERENTIAL DIFFERENTIAL M i l l 1979 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 LU 1979 11 N i l 11 N i l 11T, 1981 4 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL U. S. CORPORATE 19 MONTHLY 17 15 UNITED STATES Aaa BONDS 13 11 V 9 E U R O - D O L L A R BONDS 7 9 SWITZERLAND 7 - 5 GERMANY 3 — ~i I I I I I 1 15 UNITED KINGDOM 13 11 9 7 18 16 FRANCE 14 12 10 8 NETHERLANDS 6 1979 1981 1979 1981 3/19/81 Q CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES . RATIO SCALE 1969=100 RATIO S C A L E 1969=100 180 180 . 160 UNITED STATES 140 - 120 - 100 - Jj\j A / V - - I ~~140 /V - W/ I I I JAPAN ~ - a / V N^ySyu a I I I II I I I I II III ii li i Mill i I I I | | | — 160 - 120 - too M ||||||||| UNITED KINGDOM SWITZERLAND FRANCE GERMANY 80 140 120 - - 100 - f N r w . I iVvVv 80 V CANADA NETHEFILANDS 60 - - I 45 I 1979 + I I I III III I I I I I I I I I I I I I I 1981 #90 1979 1981 o SERIES VASE LAST 7ALOE PLOTTED DATE VALUE CHABT 1 , SPOT EXCHANGE BATES AND INDICES MEEKLY AfEBAGES, NOON BUYING SATES ( U . S . CENTS) GEBHAN HABK JAPANESE YEN DUTCH GOILDEB O.K. POOND CANADIAN DOLLAfi FBENCH FBANC SflISS FBANC BEL3IAN FBANC ITALIAN LISA OCTOCTOCT. OCT. OCT. OCT. OCT. OCT. OCX. 21 21 21 21 21 21 21 21 21 44.60 0.43106 40.40 183.16 83.15 17,80 53.32 2.66364 0,08397 OCT. OCT. OCT. OCT. OCT. OCT. OCX. OCT. OCT. 21 21 21 21 21 21 21 21 21 125.47 112.87 115.99 74.08 21 21 21 21 21 21 21 21 21 21 21 106,16 21 21 21 21 21 21 21 21 -2.48 0.31 4.95 -1.94 5,32 3.53 8.89 -5.77 INDICES, HABCH 1 9 7 3 BASE BATES = 100 GEBHAN- HABK JAPANESE YEN DDTCH GOILDEB QteK* POOND CANADIAN DOLLAfi FBENCH FBANC SNISS FBANC BELGIAN FBANC ITALIAN LI1A 82.88 80.19 171.55 104.96 47.70 NEIGHTED ATEBAGE EICHANGE fALOE INDICES, HAS 1 9 7 3 = 100 (G-10 COONISIBS PLflS SBI1ZEBLAND) 0 . S . DOLLAfi GEBHAN HABK JAPANESE YEN DUTCH GOILDEB « . K . POOND CANADIAN DOLLAfi ISENCH FBANC SflISS FBANC BELGIAN FBANC ITALIAN LIBA SHEDISH KfiONA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCA. OCT. OCT. OCT. 138.78 120.71 123.24 75.64 85.93 82.40 182.88 110.57 4 7 . 42 83.28 CHABT 2 . 3—MONTH FOB1ABD EXCHANGE BATES, PBEHIOH 0 1 DISCOONT CANADIAN DOLLAfi U . K . POOND GEBHAN HABK FBENCH FBANC S U S S FBANC DUTCH GOILDEB JAPANESE YEN ITALIAN LISA OCX. OCT. OCT. OCT. OCT. OCT. OCT. OCX. SERIES HAMS LAST VALUE PLOTTED DATE VALUE CHAET 3. GOLD PRICE IN LONDON, AFTEBNOON FIXING U.S. DOLLARS PER FINE OUNCE OCT. 21 438.28 4. CAXL HONEY BATES OCT. OCT. OCT. SEPT. OCT. OCT. OCT. OCT. SEPT. OCT, 21 21 16 25 16 9 16 16 4 9 15.32 15.23 15.50 18.93 11.05 10.88 6. 88 17.00 13.70 8.15 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 21 21 21 21 21 21 21 15.16 11.52 7.25 IB. 53 15.97 10.80 13.23 OCT. OCT. OCT. OCT. OCT. OCT. 21 21 21 21 21 21 15.23 15.35 15.53 16.16 16.43 16* 29 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE BEQUIBBMBBTS OCT- 21 OCT. 21 OCT-. 21 15.23 15.32 -0.09 3-MONTH BUBO-DOLLAB DEPOSIT BATE a . S . 90-DAY CD*S, SBCONDABY MABKBT DIFFEBENTIAL OCA. 21 OCT. 21 OCT.. 21 16.16 15.16 1.00 (L. S. FEDERAL FDNDS OVERSIGHT EURO-DOLLAR DEPOSITS O.K. 2-DAI LOCAL AUTHOBITY DEPOSITS CANADA GERMANY EUBO-DM JAPAN FRANCE NETflEBLANDS BUBO-SRISS FBANC 5. 3-MONTH INTEREST BASES O . S . 90-DAY CD'S, SBCONDABY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPEB INTERBANK STERLING SWISS INTEBBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) 6. EURO-DOLLAR DEPOSIT RATES: LONDON OYEBNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAFI CHART 7. SELECTED EUBO-DOLLAB AND U.S. H0N3Y MARKED BATES SERIES NAME LAST VALUE PLOTTED DATE VALUE CHAB1 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 2 1 OCT. 21 OCT. 21 1 v . 16 16. 3 0 - 0 . 13 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL OCT. 21 OCT. 21 OCT. 2 1 14. ,65 15. S3 -Si.. 28 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), COVERED DIFFERENTIAL OCT. 21 OCT. 21 OCT. 21 16. 16 16. 61 -0.. 45 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT,. 21 OCT. 21 OCT. 21 1 6 . 16 16. ,26 - 0 . ,10 16 9 14.88 10.35 9.03 6.18 17.10 17.05 11.98 14.05 CHART 9 . LONG TEEM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM OCT. OCT. SEPT. SEPT. SEPT. AUG. SEPT. OCT. 11 25 14 4 16 . CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 1 0 . * 4 SEPT. AUG. 16.92 13.33 STOCK INDICES UNITED STATiS UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN OCT. OCT, OCT. OCT. OCTOCT. OCT. OCT. 1 4 1 2 2 . 7 5 1 4 1 0 3 k . 1 4 1 8 7 . 4 0 8 6 1 4 9 1 4 8 5 . 6 5 7 . 4 2 1 4 ?a.i9 1 4 9 2 . 8 8 1 4 ( 1 4 7 . 1 0 .••of COl*' FEDERAL RESERVE statistical release •"f-QTE H . 1 0 (512) OCTOBER 2 7 , FOREIGN EXCHANGE RATES FOB THE WEEK ENDING OCTOBER 2 3 , 1981 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 MONETARY UNIT OCT. 19 OCT- AUSTRALIA AUSXfilA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INSIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEB ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC » ft. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO BAND PESETA RUPEE KRONA FRANC POUND 114.2700 6.38162 '2.67308 83.1878 13.9373 22.7273 17,8763 44%7828 10.8696 158.8000 0.08407 0.43039 43.763 7 3.9401 40.5762 82.4800 16.8848 1.5480 104.6000 1.0444 4.8204 18.0963 53-6337 184.0000 114.1000 6.40615 2.67594 83,2016 13.9373 22.7473 17,3412 44.7027 10,8578 158.9000 0.08428 0.-42974 43,7541 3.9432 40.5022 82.0000 16.8848 1.5552 104.0500 1.3461 4,8204 IRATE 20 18.0701 53.3049 181,9000 U.S. CBNTS1 OCT. 2 1 . 113,7000 6*. 2 7 7 4 6 2.63227 82.9463 13.6705 22,6091 17..534V 43.9947 10,8578 156,2000 0.08336 0.42790 43,5350 3,9432 39,8406 81.9000 16.6320 1.5337 103.9500 1.0350 4.8204 17, 8667 52.7287 182.1200 OCT, 2 2 113.5800 6,26566 2.62329 82.9119 13,6537 22.4215 17.4764 43.8308 10.8578 155.0000 0.08292 0.42759 43.5635 3,9355 39,6589 81.7500 16,6044 1.5373 103.5500 1, 0283 4 . 8204 17.8476 52.5762 181,4800 ' OCT. 2 3 113.8500 6.25000 2.62605 83,0220 13.6575 22-4467 17,5162 43,9560 10.8696 . 1155.6000 0.08285 0.43048 43.6110 3,9324 39.8168 81.9200 16.6168 1.5326 103,4000 1.0276 4,8204 17.8412 52.9380 182.0500
@FedFRASER