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(616/617)
Selected Interest & Exchange Rates Weekly Series of Charts
February 17,1981
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 a 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 a 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 td 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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
RATIO SCALE MARCH 1973=100
120
100 - -
# - V y x
80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR
%
60 I I I I I I .III,lull, I l l "
CANADIAN DOLLAR
FRENCH FRANC - 120
100
160
140 V JAPANESE YEN
-
120 - . y / -
100 - -
80 i i i I I I lllllllllll 1111,1111,7
- A - J *
SWISS FRANC
: 1 1 1 I I I
200
160
120
160
140
120
100
100
I I I
DUTCH GUILDER
U K POUND
-BELGIAN FRANC
— 160
~ A Y \ 140
^ : 120
I I I 1 1 1 iiliiliilii -
100
— 100
- ITALIAN LIRA - 80
I I I I
I
I I I
i \ r \ x - 60
1979 1981 1979 1961
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Pel
6
0
6
6
0
6
12
12
6
0
12
6
0
6
CHART 2
3-MONTH FORWARD EXCHANGE RATES PREMIUM M OR H
AVERAGES FOR WEEK ENDING WEDNESDAY
iENT PER ANNUM PERCENT PER Ah
CANADIAN DOLLAR -
ITALIAN LIRA -
I I I I I I
: , y A.
U. K. POUND DUTCH GUILDER
GERMAN MARK SWISS FRANC
FRENCH FRANC JAPANESE YEN
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
U.S. c
800
750
7 0 0
650
600
550
500
450
400
350
300
250
200
150
100
BOO
750
700
650
600
550
500
450
400
350
300
250
200
150
100
CHART 3
PRICE OF SOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY
LLARS PER FINE OUNCE U.S. DOLLARS PER FINE
12.5 Kg BARS AFTERNOON FIXING PRICE
1978 1979 1980 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
28
24
20
16
12
8
4
24
20
16
12
8
4
+ 0
16
12
8
4
0
28
24
20 #
16 4
12
8
4
24
20
16
12
8
4
+ 0
*
16
4
8
4
0
CHART 4
CALL MONEY RATES WEEKLY SERIES
:NT PER ANNUM PERCENT PER Ah
U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY
I i i l i i l i i
EURO-SWISS FRANC CANADA
NETHERLANDS
FRANCE
GERMANY
JAPAN
EURO-DM
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PER
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
LOANS AND DISCOUNTS JAPANESE BANK
SWISS INTERBANK RATE
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PER
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
6
4
24
20
16
12
8
4
CHART 6
EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY
OVERNIGHT
7-DAY
I I II I I II I I I
1-MONTH
I i I I I I I I I I I I I
3-MONTH
6-MONTH
-
1-YEAR
, ;
I I I I I I
-
1979 1981 1979 1961
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
26
22
18
14
10
6
3
2
1
0
1
2
3
4
26
22
18
14
10
6
3
2
1
0
1
2
3
4
# # # m
:NT PER ANNUM
CHART 7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
FEDERAL FUNDS I
OVERNIGHT EURO-DOLLAR DEPOSITS
I I I I I I I I I I I I
DIFFERENTIAL
UL
I I I I I I I I I M I l l I I l I I I I I l I l I
DIFFERENTIAL
PERCENT PER M
3-MONTH EURO-DOLLAR DEPOSITS
i i 111 1111 i 111 i I i 111 1111 1979
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDI DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
29
20
12
EURO-DOLLAR DEPOSITS
INTERBANK STERLING COVERED LONDON
PERCENT PER ANNUM
28
CANADIAN FINANCE CO. PAPER, COVERED
U. S. COMMERCIAL PAPER
- N K J L DIFFERENTIAL "
~ l 1 1 1 1 1
- DIFFER ENTIAL -
/ V M .
~ l 1 1 1 1 1
r :
-
DIFFERENTIAL —
~ l 1 1 1 1 1 T i i i
-
DIFFERENTIAL
I I I 11
INTERBANK DM COVERED FRANKFURT
EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS
1979 1981
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
15
13
11
9
7
10
8
6
4
16
14
12
10
8
6
14
12
10
8
6
15
13
11
9
7
7
5
3
1
17
15
13
11
9
7
13
11
9
7
5
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES
ENT PER ANNUM PERCENT PER AL
CANADA
UNITED STATES
SWITZERLAND
GERMANY
FRANCE
UNITED KINGDOM
NETHERLANDS
U.S. CORPORATE MONTHLY MONTHLY
Aaa BONDS
EURO-DOLLAR BONDS
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RATIO SCALE 1969=100
200
CHART 10
INDUSTRIAL STOCK INDICES WEEKLY SERIES
FRANCE GENERAL INDEX
UNITED KINGDOM
RATIO SCALE 1969=100
180 180
160 - - - - 160
140 140 140 UNITED STATES JVV '
120 - A / — GERMANY — 120
100 - A / \ v V -y * 100
80 I I I I I I I I I I I I I I I I I i i i I I I 80
400 — 1 100
360 — — — 90 SWITZERLAND
JAPAN 320
A 80
280 - y s Z - V y f
1 / A
70
240 - - 60
200 " f f I I \ I ,,I, . . [ . i l l . I n I I I I I I nliiliilii 111111 „ |, | SO
200
180
160
140 *
120#
100
80
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SERIES NAME LAST VALUE PLOTTED
DATE VALUE
CHART 1. SICI EXCHANGE RATES ANE INDICES
WEEKLY AVERAGES, NCCN BUYING BATES (U.S. CENTS)
GERMAN MARK FEB. 11 46.63 JAPANESE YEN FEB. 11 0.49094 CUTCE GUILDER FEB. 11 43.00 U.K. ICOND FEB. 11 233.91 CANADIAN DCILAB FEB. 11 83.53 IRENCH FRANC FEB. 11 20.25 SWISS EEABC FEB. 11 51.40 BELGIAN FBANC FEB. 11 2.90598 ITALIAK LIRA FEB. 11 0.09844
INDICES, MARCH 1973 EASE RATES = 100
GERMAN MARK FEB. 11 131.18 JAPAKESE YEN FEB. 11 128.55 CUTCE GUILDER FEB. 11 123.44 U.K. FCUND FEB. 11 94.61 CANADIAN DCILAf FEB. 11 83.25 ERENCH FRANC FEB. 11 91.25 SWISS IEANC FEB. 11 165.36 BELGIAN FRANC FEB. 11 114.51 ITALIAN LISA FEB. 11 55.92
WEIGHTIE AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 CCUNTRIES PLUS SWITZERLAND)
U.S. DCLLAI FEB. 11 95.58 GERMAN MARK FEB. 11 132.59 JAPANESE YEN FEB. 11 127.29 DUTCH GUILDER FEB. 11 120.58 O.K. FCUND FEB. 11 90.44 CANADIAN ECLLAR FEB. 11 78.99 FRENCH FRANC FEB. 11 86.78 SWISS FRANC FEB. 11 161.74 BELGIAK FRANC FEB. 11 111.09 ITALIAN LIRA FEB. 11 51.48 SWEDISH KfiCNA FEB. 11 92.78
.1 2. 3-KCKTH FCRWAED EXCHANGE BATES, PREMIUM OR DISCCUNT
CANADIAN DCILAB FEB. 11 -0.21 U.K. FCUND FEB. 11 4.10 GERMAN MARK FEB. 11 7.16 FRENCH FBAKC FEB. 11 6.38 SWISS FRANC FEB. 11 10.47 DUTCH GUILDER FEB. 11 7.46 JAPANESE YEN FEB. 11 8.63 ITALIAN LIRA FEB. 11 -1.41
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SERIES NAME LAST VALUE PLOTTED
DATE VALUE
CHART 3. GCLD PRICE IK LCNEON, AFTERNOON FIXING
U . S . DOLLARS £EB FINE OUNCE FEB. 11 506.40
4. CALL MONEY BATES
U.S. FEDEBAL FUNDS FEB. 11 16.71 OVERNIGHT EURO-DOLLAR DEPOSITS FEB. 11 16.78 U.K. 2-1 AY LOCAL AUTHORITY DEPOSITS FEB. 13 14.00 CANADA JAN. 30 17.00 GEE BABY FEB. 13 9.05 EURO-EM JAN. 30 8.89 JAPAN FEB. 13 8.63 FRANCE FEB. 13 10.75 NETHERLANDS JAN. 9 8.70 EURO-SWISS FBANC JAN. 30 6.65
CHART 5. 3-MCNTH INTEREST BATES
U.S. 90-DAY CE'S, SECCNDABY MARKET GERMAN INTERBANK ICAN JAIANESE BANK LOANS 8 DISCCUNTS CANAEIAN FIKANCE PAPEB INTERBANK STERLING SWISS INTEREANK LCAN WEIGHTED AVERAGE IOREIGN INTEREST RATE
(G-10 CCUN1BIES PLUS SWITZERLAND)
FEB. FEB. FEB. FEB. FEB. FEB. FEB.
16.50 9.79 8.64
17.43 13.36 6.47
11.56
CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT 7-E AY 1-MCNTB 3-MCNTH 6-MCNTH 1-YEAR
FEB. 1 FEB. 1 FEB. 1 FEB. 1 FEB. 1 FEB. 1
16.78 15.90 17.20 17.16 16.86 15.85
CHART 7. SELECTED EUBO-ECLLAB AND U.S. MONEY MARKET RATES
OVERSIGHT EUBC-DCILAB DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL AEJ. FOR RESERVE REQUIREMENTS
FEB. 11 FEB. 11 FEB. 11
16.78 16.71 0.07
3-MCKTH EUBC-DCILAR DEPOSIT RATE U.S. 90-DAY CE*S, SECONDARY MARKET DIFFERENTIAL
FEB. 11 FEB. 11 FEB. 11
17.16 16.50 0.66
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SEBIES NAME LAST VALUE PLOTTED
DATE VALUE
CHAET 8. IN1E BEST 2BEIIRAGE, 3-flCNTH FUNDS
EURC-ECI1AB DEPOSIT INTEBEA6K STEELING (LCNDCN), CCVEBED DIFFERENTIAL
FEB. 1 EBB. 1 FEB. 1
U.S. CCMMEBCIAI PAEEB CAM AllAN FINANCE PAEEB, CCVEBED DIFFERENTIAL
FEB. 1 FEB. 1 FEB. 1
EUBO-DCILAB DEPOSIT INTERBANK EM (FBANKFURT), CCVEBED EIFFEBBNTIAL
FEB. 1 FEB. 1 FEB. 1
EUBO-DCILAB DEPOSIT SWISS INTEBEANK, COVERED DIFFERENTIAL
FEB. 1 FEB. 1 FEB. 1
CHABT 9. ICNG IEKM GOVEB8EHT BONE YIELDS
UNITED STATES FEB. 13 13.39 GEBKANY FEB. 6 9.55 JAPAN (MCNTELY) NOV. 9.52 SMIIZEBLANE JAN. 30 4.79 CANADA JAN. 30 12.96 FBANCE NOV. 28 14.24 NETHERLANDS JAN. 9 9.98 UNITED KINGDOM IBB. 6 11.40
. CCIECBATE
AAA ECNES JAN. 12.81 EUEC-CM BONDS EEC. 6.63 EUBC-DCILAB BCNES DEC. 11.76
CHABT 10. 1NECSTBIAL STOCK INDICES
UNITED STATES FEB. 6 138. ,27 JAPAN FEB. 6 337. .90 EBAKCE JAN. 16 145. .80 UNITED KINGDOM FEB. 6 114. .08 SHITZEBIAND FEB. 6 72. .39 GERMANY JAN. 23 94. .05
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FEDERAL RESERVE statistical release
E"10<512) FOREIGN EXCHANGE RATES IBBKOiBI 18, 1981
FOB SHE WEEK ENDING FEBBUABY 13, 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:
CCUNTBY MONETARY
UNIT tRA* CE U.S. CENTS]
CCUNTBY MONETARY
UNIT FEB. 9 FEB. 10 FEB. 11 FEB. 12 FEB. 13
AUSTRALIA DCL1AB 116.5600 116.5300 116.5200 115.5600 AUSTRIA SCHILLING 6.59196 6.57462 6.55953 6.37755 BELGIUM FRANC 2.91375 2.89939 2.89603 2.80741 CANADA DOLLAR 83.5282 83.4098 83.5632 H 83.2570 DENMARK KRCNE 15.2381 15.1423 15.1343 14.7384 FINLAND MARKKA 24.7525 24.7219 24.7158 24.3013 FRANCE FRANC 20.3231 20.2224 20.1816 0 19.5790 GERMANY D. MABK 46.7727 46.5549 46.5224 45.0450 INDIA BOPBB 12.2500 12.2500 12.2300 12.1800 IBELANC POUND 174.5500 173.3500 173.1500 L 168.5000 ITALY LISA 0.09869 0.09833 0.09843 0.09560 JAPAN YEN 0.49044 0. 49044 0.49044 0.48204 MALAYSIA DOLLAB 44.6528 44.5633 44.6130 I 43.8981 MEXICO PESO 4.2535 4.2553 4.2553 4.2481 NETHERLANDS GUIIDEB 43.1313 42.9277 42.9092 41.5628 KEB ZEALAND DCLLAB S4.3700 94.3000 94.1500 D 93.2500 NORWAY KRONE 18.5874 18.4468 18.4026 18.1159 POBTUGAL ESCDDC 1.7841 1.7825 1.7825 1.7513 SOOTH AFRICA BAND 130.4200 130.4500 130.3500 A 128.7000 SPAIN PESETA 1.1875 1.1730 1.1703 1.1436 SRI LANKA RUPEE 5.5991 5.5991 5.5991 5.5991 SWEDEN KBONA 21.8460 21.7486 21.7391 Y 21.4018 SWITZERLAND FRANC 51.5198 51.3215 51.2295 49.5663 UNITED KINGDOM POUND 234.0500 233.7000 233.7500 228.4500
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