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(516/517) ~U''3 Selected Interest & Exchange Rates Weekly Series of Charts September 14,1981 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 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 U.K. POUND 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR FRENCH FRANC GERMAN MARK : JAPANESE YEN Aa / / / W " A - V 160 SWISS FRANC I I III!I I I I I l I 140 h | | ~ I — — 120 160 BELGIAN FRANC 140 120 DUTCH GUILDER 100 ~ I II ' I I I 100 100 - ITALIAN LIRA 80 60 I v I \ 60 CANADIAN DOLLAR 11! 111 m I m 11 Inhilii 40 80 1979 1981 1979 1981 40 + CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM <•> OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY rtf 6 ENT PER ANNUM PERCENT PER Ah 24 CANADIAN DOLLAR ITALIAN LIRA - - + + 0 0 C7 6 ill ii hili i 24 12 6 U. K. POUND DUTCH GUILDER + 0 6 6 0 12 6 + 18 12 SWISS FRANC GERMAN MARK - A Aj - 12 - 6 6 + 0 0 12 12 FRENCH FRANC JAPANESE YEN 6 6 + 0 + 0 6 6 - 12 1979 1981 1979 1981 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D U.S. DOLLARS PER FINE C .LARS PER FINE OUNCE 800 000 750 750 700 700 650 650 600 600 550 550 500 500 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 I 1981 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Af 4UM PERC [NT PER ANNUM 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 1c 8 8 JAPAN 4 4 EURO-DM 0 0 1979 1981 1979 1981 CHART 5 3-M0NTH INTEREST RATES WEEKLY SERIES PER( NT PER ANNUM PERCENT PER Ah 20 20 U.S. CD'S 16 V* t6 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 6 0 12 16 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 12 8 8 4 0 4 1979 + 1981 1979 1981 3/19/81 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah NUM ENT PER ANNUM 24 24 20 3-MONTH OVERNIGHT 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-YEAR 1-MONTH 20 20 - 16 16 12 12 8 8 11111111111 i l l u h i l l i 4 1979 1981 1979 1981 4 CHART 7 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 - - 22 — FEDERAL FUNDS 18 U A ,\ \ i/i / i M i j 14 10 — — \ I u 3-MONTH x I 'if n<' i E U R O - D O L L A R DEPOSITS J DAY CD OVERNIGHT IT E U R O - D O L L A R DE P O S I T S 6 I I 1 1 1 1 1 1 1 1 1 1 ii 111111II1II li 1 1 I 1 1 1-1 II 3 " DIFFERENTIAL DIFFERENTIAL 2 r 1 2 1 fKf - • 0 - 1 1 I 1 i 1 I 1 1 I 1 M 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 I 1 1 I 1 1 M 1981 I Ii I 111 i i I I I I I I I I MI 11 1 I 1979 1981 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUSM, 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 - |X fx DIFFERENTIAL - J L — - I V W ~l 1 i i i i II 1 II 1 1 1 1 II- 1 I INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL v " 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 \^Ayv^AVyV\AVXA/ — 1 1 1979 1111111111111 11111111 1981 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES PERCENT PER AH 4UM [NT PER ANNUM 17 U. S. CORPORATE t6 MONTHLY 14 t5 UNITED STATES 13 12 Aaa BONDS 10 11 9 8 E U R O - D O L L A R BONDS 7 6 12 9 10 7 SWITZERLAND 8 5 GERMANY 6 3 4 1 13 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=100 180 180 160 140 - UNITED STATES Jf \J\a* A — 120 — A 100 - Jf\j I 80 I - — - - - r JAPAN z\ A - W | I I|II|II|II I | | LILLLLLLLLL 120 100 UNITED KINGDOM SWITZERLAND FRANCE GERMANY 60 140 120 100 80 60 140 120 - 100 - 80 - fV V - j\f - \ V W - V CANADA NETHERLANDS 60 45 I I 1979 I I.IIIIIIIM 1981 1979 160 — 140 - 120 - 100 LILLLLLLLLL 140 80 - 1981 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RASES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 9 9 9 9 9 9 9 9 9 41.22 0.43180 37.19 181.55 83.30 17.18 47.49 2.51243 0.08224 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 9 9 9 9 9 9 9 9 9 115.97 113.06 106.77 73.43 83.02 77.40 152.78 99.00 46.72 9 9 9 9 9 9 9 9 9 9 9 110.03 130.63 124.82 116.24 77.27 88.74 81.73 167.10 107.10 47.79 91.20 9 9 9 9 9 9 9 9 -3.04 4.71 6.07 -6.57 7.80 4.60 11.03 -11.35 INDICES, 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 MASK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPTSEPT. SEPT. SEPT.. SEPT. CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OS DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE SEPT. 9 437. 65 SEPT. SEPT. SEPT. AUG. SEPT. AUG. SEPT. SEPT. AUG. AUG. 9 9 4 21 4 28 4 4 21 28 16. 50 17. 06 12. 38 20. 29 12. 00 11. 92 7. 56 17. 38 11. 50 26. 00 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 9 9 9 9 9 9 9 17.78 12.71 7.38 21.45 13.65 10.15 13.75 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 9 9 9 9 9 9 17.06 17.27 17.75 18.48 18.63 17.94 CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EORO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR M CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS SEPT. SEPT. SEPT. 9 9 9 17.06 16.50 0.56 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL SEPT. SEPT. SEPT. 9 9 9 18. 48 17.78 0.70 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHA&T 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 9 9 9 18.48 18.52 -0.04 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 9 9 9 16.97 18.25 -1.28 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 9 9 9 18.48 18.98 -0.50 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 9 9 9 18.48 18.15 0.33 SEPT. AUG. JULY AUG. AUG. JUNE AUG. AUG. 4 28 15. 44 11. 36 8. 93 5. 67 16. 20 17. 44 11. 54 13. 01 CHART 9. LONG TERM GOVEflMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 21 21 12 21 28 U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. 14.38 12.67 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JULY JULY SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 2 2 2 2 2 2 2 2 128. 32 124. 94 218. 21 99. 66 92. 83 85. 03 93. 88 153. 01 m* * 4t •m FEDERAL RESERVE statistical release H.10 (512) FOREIGN EXCHANGE RATES SEPTEMBEB 14, 1981 FOB THE WEEK ENDING SEPTEMBEB 11, 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: CODNTBY AUSTRALIA AUSTRIA BELGIUM CANADA DENMABK FINLAND FBANCE GERMANY INDIA IBELAND ITALY JAPAN MALAYSIA MEXICO NETHEBLANDS NEW ZEALAND NOBHAY PORTUGAL SOUTH AFBICA SPAIN SBI LANKA SWEDEN SWITZEBLAND UNITED KINGDOM http://fraser.stlouisfed.org/ 4 Federal Reserve Bank of St. Louis MONETARY UNIT DOLLAB SCHILLING FBANC DOLLAB KBONE MABKKA FBANC D. MABK RUPEE POUND LIBA YEN DOLLAB PESO GUILDEB DOLLAB KBONE ESCUDO RAND PESETA BUPEE KBONA FBANC POUND SEP. H 0 L I D A Y SEP. 8 'BATE D.S. CENTS) SEP. 114.3800 5.86166 2.50313 83.2778 13.1492 22.0264 17.1116 41.0425 10.9051 149.8000 0.08207 0.43011 42.1763 3.9920 37.0645 82.1000 16.4474 1.5152 104.7400 1.0204 5.1391 19.0840 47.2144 179.3500 114. 0900 5. 85138 51193 82.7404 .1.3- 1796 9418 17. 1747 41. 1523 10.8932 149. 9000 0 . 08214 0 . 42772 42. 1053 3. 9904 37. 1747 81. 9000 16. 5016 1 . 5129 104. 2200 0178 5. 1391 19. 1113 47. 6531 178. 1000 2. 21. 1. SEP. 10 SEP. 11 114* 4000 5.88928 2.53936 83,2155 13.3111 22.0216 17.3611 41.6840 10.9290 152.0000 0.08268 0.43309 42.1585 3.9880 37.6648 82.4400 16.6251 1.5163 104.7800 1.0211 5.1391 19.3050 48.4731 180.4000 114.2500 5.93296 2.53872 83.0358 13.2802 22.0872 17.3611 41.6493 10.9409 151.5000 0.08271 0,43225 42.1763 3.9761 37.5516 82.2000 16.6945 1.5186 105.0000 ,1.0251 5.0163 19.2493 48.7330 177.9000
@FedFRASER