selected interest & exchange rates1981/02/17 · (616/617) selected interest & exchange...

(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.


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


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


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


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


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


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


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


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.


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


CHART 8

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


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


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


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


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


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


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


EUBO-DCILAB DEPOSIT SWISS INTEBEANK, COVERED DIFFERENTIAL


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


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


selected interest & exchange rates1981/02/17 · (616/617) selected interest & exchange...

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