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Selected Interest & Exchange Rates Weekly Series of Charts October 5,1981 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 t 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 Reserve 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 1 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 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 120 100 80 F 120 UK. POUND / r f — - - - FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I I I I n l n l n l M 100 - - 80 trr - I I I FRENCH FRANC GERMAN MARK JAPANESE YEN SWISS FRANC BELGIAN FRANC DUTCH GUILDER 100 100 100 80 ITALIAN LIRA - ' I 60 — I 60 CANADIAN DOLLAR - - 40 80 I I 1979 I I 1981 I I I I 1979 I ii l i i h i l l i 11111111111 1981 40 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 - - vA ~ 24 U. K. POUND V I- DUTCH GUILDER XJ VxA V 12 I I I 111 GERMAN MARK SWISS FRANC — K — FRENCH FRANC \ JAPANESE YEN A — 12 I - - - 6 r - 40 - I 1979 1981 I I I I I 1979 1981 6 CHART3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D U.S. D O L L A R S PER FINE < LARS PER FiNE OUNCE 800 800 750 750 700 700 650 650 600 600 550 550 500 500 12.5 Kg BARS Kr TbRNOCN FIXING PRICE 450 450 400 400 350 350 i300 300 250 250 200 200 150 150 100 100 1978 1979 1980 1981 CHART 4 CALL MONEY RATES WEEKLY SERIES INT PER ANNUM PERCENT PER Al 28 28 24 24 20 U. K. 2-DAY LOCAL AUTHORITY U. S. FEDERAL FUNDS 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 PERCENT PER Ah NT PER ANNUM 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 IIIIIIIIIII 6 0 16 12 JAPANESE BANK LOANS AND DISCOUNTS - SWISS INTERBANK RATE IV - 8 4 0 4 8 - 12 1979 1981 1979 1981 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Al ENT PER ANNUM 24 24 3-MONTH OVERNIGHT 20 W 16 20 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-YEAR 1-MONTH 20 16 - 20 A / ~ 12 12 8 - 4 16 I 1979 1981 I I I I 1979 8 4 I 1981 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDMG WEDNESDAY PERCENT PER A N N U M PERCENT PER ANNUM 26 26 - - 18 - FEDERAL FUNDS 22 14 3-MONTH E U R O - D O L L A R DEPOSITS 10 DAY CD OVERNIGHT E U R O - D O L L A R DEPOSITS I I I I I I I I I I I I I I I I I I I 6 3 DIFFERENTIAL DIFFERENTIAL 2 ^AAVV/ A N Y V J I I 11 1 11 I I 1 I 1979 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E I 1981 I I I I I I I I I I I I I 1979 11111111111 1981 ~ 1 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M , 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 20 12 INTERBANK STERLING U. S. COMMERCIAL PAPER COVERED LONDON llllI I DIFFERENTIAL - ~ [\f\ J iu DEFERENTIAL - - / — I ~ U A V Y^ ~ l I , I , , f, INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL I A - A / ^ V U V ~ l I I I I I 1979 I lull, I IIIIIlull II 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 I I I 1979 1981 0 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER AL :NT PER ANNUM 17 • U. S. CORPORATE 16 MONTHLY 14 15 UNITED STATES 13 12 Aaa BONDS 10 11 9 8 E U R O - D O L L A R BONDS 6 7 9 I 12 i - 7 i 10 8 - 5 GERA4ANY y V - SWITZERLAND 6 4 13 3 ~ I I I I I - I I , 1 , 15 MONTHLY UNITED KINGDOM JAPAN 11 13 9 11 7 9 5 7 19 18 17 16 FRANCE 15 14 CANADA 13 12 11 10 9 8 NETHERLANDS 6 7 1979 1981 1979 1981 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 180 160 160 140 - N^/S/vwx . 160 JAPAN UNITED STATES - 140 - 120 100 120 - JJ\J W y - - I UNITED KINGDOM I 100 I SWITZERLAND I I I I I III I I I FRANCE GERMANY Ilillllllll NETHERLANDS CANADA 111II i 1111 1979 1981 1979 1981 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 1 . SPOT EXCHANGE RATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. INDICES, MARCH 1 9 7 3 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 S W I S S 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 S W I S S FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 43. 05 0., 4 3 2 7 5 3 8 .,64 1 7 9 .,01 83.20 1 7 ., 9 8 5 0 .,66 2 ., 6 2 9 9 9 0., 0 8 5 0 1 30 30 30 30 30 30 30 30 30 1 2 1 ..10 1 1 3 .. 3 1 1 1 0 .. 9 2 7 2 ..40 8 2 ..92 8 1 ., 0 3 162.99 1 0 3 .,63 4 8 .,29 30 30 30 30 30 30 30 30 30 30 30 107.65 134.76 122.73 118.87 74.65 8 6 . 99 84.37 175.46 110.36 48.62 83.28 30 30 30 30 30 30 30 30 - 2 .,52 1 ., 3 3 5 ., 5 2 - 8 . ,61 5 ., 9 9 4. 67 9 . 92 - 1 5 . 85 BASE RATES = 1 0 0 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . 30 30 30 30 30 30 30 30 30 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA MAR 1 9 7 3 = 100 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. PREMIUM OR DISCOUNT SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E U.S. CHART 4 . I N LONDON, AFTERNOON F I X I N G DOLLARS PER F I N E OUNCE SEPT. CHART 5 . SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 30 30 25 25 25 15.00 14.66 14.25 18.93 25 25 4 18 11.59 7.13 18.50 13.70 7.81 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 30 30 30 30 30 30 30 16.19 12.30 7.25 19.87 16.00 11.55 13.86 SEPT. 30 SEPT. 30 SEPT. 30 SEPT. 30 SEPT. 30 SEPT. 30 14.66 14.85 16.40 17.61 17.89 17.21 18 12.00 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) EURO-DOLLAR D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 435.75 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 6 . 30 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR 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 . FOR RESERVE REQUIREMENTS SEPT. SEPT. SEPT. 30 30 30 14.66 15.00 -0.34 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL SEPT. SEPT. SEPT. 30 30 30 17.61 16.19 1.42 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 8 , INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , 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 D M (FRANKFURT), DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T SWISS INTERBANK, COVERED DIFFERENTIAL . 17.61 17.38 0.23 SEPT. SEPT. SEPT. 30 30 30 15.46 17.22 -1.77 SEPT. SEPT. SEPT. 30 30 30 17.61 17.99 -0.38 SEPT. SEPT. SEPT. 30 30 30 17.61 17.71 -0.10 SEPT. SEPT. JULY SEPT. SEPT. AUG. SEPT. SEPT. 25 25 15.21 10.79 8.93 6 . 18 17.10 17.05 11.98 14.01 11 25 14 4 25 CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 1 0 . 30 30 30 LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . SEPT. SEPT. SEPT. 14.38 12.67 JULY JULY STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 23 23 23 23 23 23 23 23 119. 55 108, 78 1 9 0 .,54 9 8 . 32 87. 33 80. 35 9 4 . 89 1 4 6 . 91 FEDERAL RESERVE statistical release H.10 (512) OCTOBEE FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 2, 5, 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 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 SEP. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 114.1700 6.04961 ' 2.61712 83.0427 13.6147 22.2123 17.8412 42.7350 10.8696 155.7000 0.08418 0.43020 42.9646 3.9698 38.3877 81.7800 16.7701 1.5221 104.7200 1.0256 4.8792 17.7431 50.5306 177.9000 28 SEP. (RATE U . S . SEP. 29 114.4100 6.19579 2.65041 83.1324 13.7363 22.4341 18.0668 43.2807 10.9649 158.0000 0.08547 0.43122 43.1034 3.9667 38.8500 81.8500 16.8067 1.5361 104.7200 1.0417 4.8792 17.8731 50.9424 179.4500 CENTS 1 30 114.2800 6.14251 2.62261 82.8569 13.6939 22.3464 17.9775 43.0107 10.9649 156.9000 0.08493 0.43048 43.0849 3.9635 38.6250 82.0000 16.8634 1.5349 104.7000 1.0378 4.8792 17.8412 50.6329 180.3000 OCT. 1 114.3000 6.11995 2.62605 82.9600 13.6687 22.2941 17.9565 43.0478 10.9890 156.7500 0.08446 0.42900 42.9646 3.9612 38.7447 82.2500 16.9377 1.5314 105.0000 1.0361 4.8792 17.8603 50.7872 183.1000 OCT. 2 114.5000 6.23442 2.67094 83.0220 13.8985 22.4568 18.1488 43.5920 11.0011 158.9000 0.08475 0.43094 43.1220 3.9487 39.2465 82.1800 17.0619 1.5456 104.9500 1.0459 4.8792 18.0278 51.6796 181.8000
@FedFRASER