Selected Interest & Exchange Rates · 20/07/1981 · table of contents tables 1. latest figures plotted 2. daily certified spot exchange rates--h.10 release charts 1. spot exchange

Selected Interest & Exchange Rates Weekly Series of Charts

/

July 20,1981

Prepared by the FINANCIAL MARKETS SECTION

DIVISION OF INTERNATIONAL FINANCE

BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Table of Contents

TABLES

1. LATEST FIGURES PLOTTED 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

SUBSCRIPTION RATES:

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, 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 DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)

AVERAGES FOR WEEK ENDING WEDNESDAY

RATIO SCALE MARCH 1973=100

120

100

80

RATIO SCALE MARCH 1973=100

60

- , -

-

FOREIGN CURRENCY

J -

PRICE OF U.S. DOLLAR

I I I 111I I I I I 111

U.K. POUND

-^ v X A /

I I I

A -180

160 - . -140 \ -

120 - GERMAI 4 MARK \ -

100 " i l l I I I i l l , , ! , , ! , , i i I i i l u l l ?

— FRENCH FRANC

—

" i n I I I , , I , , ! , , ! , , M ^ n l . T

160

140 — a A — V JAPANESE YEN

120 — AJf \ a ~

100 - —

80 I I I I I I N I U I i i I M 1111 111 l l 11

160

140

120 V -DUTCH GUILDER \ -

+ 100

" i l l I I I ,,

100

80

60

40

CANADIAN DOLLAR

SWISS FRANC

BELGIAN FRANC

1

ITALIAN LIRA

l "lV^\ -

1 I I 1 1 1

1979 1981 1979 1981


6

+ 0

6

6

+ 0

6

12

12

6

+ 0

12

6

0

6

24

+ 0

24

12

6

+ 0

6

18

12

6

0

12

6

0

6

CHAHI 2

3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - )


IT PER ANNUM PERCENT PER ANN

CANADIAN DOLLAR

^ f ~ \ / V A A \ a "

I I I I I I

v Vv r — ITALIAN LIRA -

I I I I I I „ , v ,

U. K. POUND j l

V ~

, l I I 11 i n i u i i i

GERMAN MARK

FRENCH FRANC

DUTCH GUILDER

I I I I I I i l l I I I I I I I I I I I I

kj* SWISS FRANC 1

A —

1 1 1 I I I

-

1979 1981

- /

1 JAPANESE YEN 1

•

1 1 1 I I 1

-

1979 1981


U.S. [

800

7 5 0

700

650

600

550

500

450

400

350

300

250

200

150

100

OUNCE

800

750

700

650

600

550

500

450

400

350

300

250

200

150

100

CHART 3

PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

PER FINE OUNCE U.S. DOLLARS PER FINE

12.5 Kg BARS AFTERNOON FIXING PRICE

I I I I I I I I I I 1978 1979 1980 1981


PERi 28

24

20

16

12

8

4

24

20

16

12

e

4

0

24

20

16

1?

8

4

0

28

24

20

16

12

8

4

24

20

16

12

8

4

+ 0

24

20

16

12

8

4

0

CHART 4

CALL MONEY RATES WEEKLY SERIES

[NT PER ANNUM PERCENT PER Al

U, S, FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY __

- vt

r i i 11111111111

EURO-SWISS FRANC

I" 1 „ I I J 11,11 i l l I 111

CANADA

NETHERLANDS

GERMANY

EURO-DM

1*79 1981 1979 1981


20

16

12

8

4

22

18

14

10

6

16

12

8

4

20

16

12

8

4

16

12

8

4

0

12

8

4

0

CHART 5

3-MONTH INTEREST RATES WEEKLY SERIES

!NT PER ANNUM PERCENT PER Ah

U. s . CD S

U.K. INTERBANK STERLING

WEIGHTED AVERAGE FOREIGN RATE

CANADIAN FINANCE CO. PAPER GERMAN INTERBANK.RATE

JAPANESE BANK LOANS AND DISCOUNTS

SWISS INTERBANK RATE

1979 1981 1979 1981


PEF

24

20

16

12

8

4

24

20

16

12

8

4

24

20

16

12

8

4

24

20

16

12

8

4

24

20

16

12

8

4

24

20

16

12

8

4

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

ENT PER ANNUM PERCENT PER Al

OVERNIGHT 3-MONTH

7-DAY 6-MONTH

1-MONTH 1-YEAR

1979 1981 1979 1981


CHART 7

SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+), FAVORS BORROWNG Wi U. S.


PERCENT PER ANNUM PERCENT PER ANNUM

26

22

FEDERAL FUNDS

OVERNIGHT V EURO-DOLLAR DEPOSITS

3

DEFERENTIAL 2

1

+ 0

1

2

3

4

1979

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RA1E bCALfc

26

22

3-MONTH EURO-DOLLAR DEPOSITS

90-DAY CO* S

3

DIFFERENTIAL

1981 1979


CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS


PERCENT PER ANNUM

28

EURO-DOLLAR DEPOSITS

INTERBANK STERLING COVERED LONDON

111 11 111 II

DIFFERENTIAL

INTERBANK DM COVERED FRANKFURT

20

12

PERCENT PER ANNUM

28

CANADIAN FINANCE CO. PAPER, COVERED

U. S. COMMERCIAL PAPER

— DIFFERENTIAL -

i i i iyw I


I I I I l u l l

DIFFERENTIAL DIFFERENTIAL

SWISS INTERBANK (SF) COVERED


1979 1981 1979 1981

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE


17

15

13

11

9

7

12

10

8

6

4

16

14

12

10

8

6

16

14

12

10

8

6

17

15

13

11

9

7

9

7

5

3

1

17

15

13

11

9

7

15

13

11

9

7

5

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

ENT PER ANNUM PERCENT PER Al

UNITED STATES

GERMANY

FRANCE

NETHERLANDS

U. S. CORPORATE MONTHLY

Aaa BONDS

EURO-DOLLAR BONDS

—

CANADA

f ~

I I I

SWITZERLAND

UNITED KINGDOM

1979 1981

MONTHLY -

-

JAPAN

-

"TTTT I I I I I I I I I I I I I f

1979 1981


RATIO SCALE 1977=100

140

120

100

80

60

45

CHART 10

STOCK INDICES WEEKLY SERES

160

140 - UNITED STATES V V V v / w x -

120 - -

100 - V / -

80 I I I I I I I I I I I I I I I I I

140 — —

120

~ A

a UNITED KINGDOM p -100 V * v / -

80 - —

60 i I ! • i i i 1 . 1 . . I . , i n , , I

SWITZERLAND

i _ L

NETHERLANDS

RATIO SCALE 1977=100

JAPAN

M l I I I 60

120

100

80

140 140

120 - M FRANCE -

y v * GERMANY 120

100 — | V I j \ r ' • ^ - 100

80 - 1 - - - 80

60 I I I i i i I I I I I I 11111111111 60

CANADA

1979 1981 1979 1981


SERIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 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, 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 (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

JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15

JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15

100

JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15

41.04 0.43591

36.87 188.04 83.03 17.24 47.99 2.50252 0.08239

115.46 114, 14 105.83 76.06 82.76 77. 70

154.39 98.61 46.80

109.51 129.36 125.62 114.69 80.00 88.08 81.74

168.27 106.24 47.69 91.80

CHART 2. 3-MONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT

CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA

JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15

-0.82 5.04 5.77

-4.40 8.44 6.40 11.28 -9.71



DATE VALUE

CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING

U.S. DOLLARS PER FINE OUNCE JULY 15 410.05

CHART 4. CALL MONEY RATES

U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC

JULY 15 18. 76 f JULY 15 19. 40 JULY 10 12. 00 JUNE 12 19. 23 JULY 10 12. 00 JULY 3 11. 70 JULY 10 7. 25 JULY 10 18. 75

APRIL 24 9. 90 JULY 3 4. 95

CHART 5. 3-MONTH INTEREST RATES

U.S. 90-DAY CD'S, SECONDARY MARKET JULY 15 17. 64 GERMAN INTERBANK LOAN JULY 15 12. 93 JAPANESE BANK LOANS & DISCOUNTS JULY 15 7. 44 CANADIAN FINANCE PAPER JULY 15 19. 16 INTERBANK STERLING JULY 15 13. 28 SWISS INTERBANK LOAN JULY 15 10. 05 WEIGHTED AVERAGE FOREIGN INTEREST RATE JULY 15 13. 55

(G-10 COUNTRIES PLUS SWITZERLAND)

CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT JULY 15 19.40 7-DAY JULY 15 18.92 1-MONTH JULY 15 18.83, 3-MONTH JULY 15 18.30 6-MONTH JULY 15 17.85 1-YEAR JULY 15 16.67 (

CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES

OVERNIGHT EURO-DOLLAR DEPOSITS JULY 15 19. 40 U.S. FEDERAL FUNDS JULY 15 18. 76 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JULY 15 0. 64 3-MONTH EURO-DOLLAR DEPOSIT RATE JULY 15 18. 30 U.S. 90-DAY CD'S, SECONDARY MARKET JULY 15 17. 64 DIFFERENTIAL JULY 15 0. 66



DATE VALUE

CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS

EORG-DOLLAR DEPOSIT JULY 15 18.30 INTERBANK STERLING (LONDON), COVERED JULY 15 18.48 DIFFERENTIAL JULY 15 -0.18

U.S. COMMERCIAL PAPER JULY 15 16.89 CANADIAN FINANCE PAPER, COVERED JULY 15 18.30 DIFFERENTIAL JULY 15 -1.41

EURO-DOLLAR DEPOSIT JULY 15 18.30 INTERBANK DM (FRANKFURT) , COVERED JULY 15 18.89 DIFFERENTIAL JULY 15 -0.59

EURO-DOLLAR DEPOSIT JULY 15 18.30 SWISS INTERBANK, COVERED JULY 15 18. 70 DIFFERENTIAL JULY 15 -0.40

CHART 9. LONG TERM GOVEBMBNT BOND YIELDS

UNITED STATES JULY 10 14.00 GERMANY JULY 10 10.93 JAPAN (MONTHLY) MAY 8.81 SWITZERLAND JUNE 26 5.62 CANADA JUNE 5 14.60 FRANCE APRIL 10 14.76 NETHERLANDS APRIL 24 10.91 UNITED KINGDOM JULY 3 12.37

. CORPORATE

AAA BONDS JUNE 13.75 EURO-DOLLAR BONDS MAY 12.64

CHART 10. STOCK INDICES

UNITED STATES JULY 8 133. 43 UNITED KINGDOM JULY 8 114. 85 CANADA JULY 8 230.89 GERMANY JULY 8 102. ,38 SWITZERLAND JULY 8 95.77 NETHERLANDS JULY 8 87.32 FRANCE JULY 8 78.59 JAPAN JULY 8 156. 04


FEDERAL RESERVE statistical release "vf*4L Rt^

H.10 (512) FOREIGN EXCHANGE RATES

FOB THE WEEK ENDING JULY 17, 1981

JULY 21, 1981

The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certif ied for customs purposes the fol lowing noon buying rate in New York City for cable transfers payable in foreign currencies:

COUNTRY MONETARY

UNIT (RATE U.S. CENTS)

COUNTRY MONETARY

UNIT JULY 13 JULY 14 JULY 15 JULY 16 JULY 17

AUSTRALIA DOLLAR 114.5000 114.3000 114.6000 114.5300 114.5600 AUSTRIA SCHILLING 5.86166 5.79542 5.90668 5.89623 5.85823 BELGIUM FRANC ' 2.51319 2.49128 2.53036 2.53229 2.51130 CANADA DOLLAR 83.1117 82.9463 83.0634 83.0427 82.9394 DENMARK KRONE 13.1700 13.0378 13.2644 13.2494 13.1883 FINLAND MARKKA 22.2000 22.0410 22.1337 22.1779 22.1043 FRANCE FRANC 17.3190 17.2265 17.4596 17.5162 17.3340 GERMANY D. MARK 41.2660 40.8513 41.5282 41.4852 41.2116 INDIA RUPEE 11.3122 11.1732 11.1982 11.1982 11.1982 IRELAND POUND 150.4000 148.6000 151.2000 151.1000 150.1500 ITALY LIRA 0.08268 0.08197 0.08361 0.08319 0.08264 JAPAN YEN 0.43802 0.43290 0.43365 0.43238 0.43109 MALAYSIA DOLLAR 42.7442 42.5804 42.6986 42.6257 42.5351 MEXICO PESO 4.0650 4.0700 4.0683 4.0667 4.0584 NETHERLANDS GUILDER 37.0439 36.6838 37.2856 37.2439 37.0096 NEW ZEALAND DOLLAR 84.2500 83.7400 83.8600 84.0600 84.0900 NORWAY KRONE 16.4663 16.3399 16.4908 16.5289 16.4203 PORTUGAL ESCUDO 1.5528 1.5385 1.5576 1.5516 1.5480 SOUTH AFRICA RAND 110.1000 108.8700 109.1600 108.9500 108.8200 SPAIN PESETA 1.0362 1.0216 1.0390 1.0352 1.0297 SRI LANKA RUPEE 5.2882 5.3502 5.3502 5.3502 5.3502 SWEDEN KRONA 19.4552 19.2734 19.4363 19.4175 19.3330 SWITZERLAND FRANC 48.2859 47.7555 48.3092 48.2160 47.9731 UNITED KINGDOM POUND 188.0500 186.2000 189.0000 188.2500' 188.1500


Documents

Selected Interest & Exchange Rates · 20/07/1981 · table of contents tables 1. latest figures plotted 2. daily certified spot exchange rates--h.10 release charts 1. spot exchange