Selected Interest & Exchange Rates · 1981-04-06 · H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE...

Selected Interest & Exchange Rates Weekly Series of Charts

April 6,1981

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 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 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

- ~

-

FOREIGN CURRENCY

J -

PRICE OF U.S. DOLLAR

" l I I M h . h l l M I I I II I I I I I I

120

100

100 -

100

80

60

40

GERMAN MARK

— [ \ r j f

V . JAPANESE YEN

—

I I I I I I

-

DUTCH GUILDER

CANADIAN DOLLAR

RATIO SCALE MARCH 1973=100

120

100 -

U.K. POUND -

I I I

-

80

60

FRENCH FRANC

SWISS FRANC

BELGIAN FRANC

ITALIAN LIRA

1979 1981 1979 1981

3/19 /81 #1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHART 2

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


PERCENT PER ANNUM

6 PERCENT PER ANNUM

-CANADIAN DOLLAR A A

-

-

I I

-

24

ITALIAN LIRA »

+ Q

— — #

I I I I I I i i i n l 11 I n 24

12

V

U. K. POUND II

1 -

111 r i l u 111

-

GERMAN MARK

FRENCH FRANC

DUTCH GUILDER

- if

SWISS FRANC 1

A -

—

- 12

- 6

6

18

12

JAPANESE YEN 12

1979 1981 1979 1981

3 /19 /81 2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

U.S. c

800

750

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

LLARS PER FINE OUNCE U.S. DOLLARS PER FINE

12.5 Kg BARS AFTERNOON FIXING PRICE

I I I I I I I 1978 1979 1980 1981

3/19 /81


28

24

20

16

12

8

4

24

20

16

12

8

4

+ 0

16

12

8

4

0

28

24

20

16

12

8

4

24

20

16

12

8

4

+ 0

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

I I I I I I I I I

EURO-SWISS FRANC CANADA

NETHERLANDS

FRANCE

GERMANY

JAPAN

EURO-DM

1979 1981 1979 1981

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

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

W t INTERBANK STERLING

WEIGHTED AVERAGE FOREIGN RATE

CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE

I I I l u l l

JAPANESE BANK LOANS AND DISCOUNTS

SWISS INTERBANK RATE

1979 1981 1979 1981

3/19/81 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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

24

20

16

12

8

4

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

ENT PER ANNUM PERCENT PER Af

OVERNIGHT 3-MONTH

6-MONTH 7-DAY

HI 11 MM II

1-MONTH 1-YEAR

1979 1981 1979 1981

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

PERCENT PER ANNUM

26

CHART 7

SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S.


PERCENT PER ANNUM

26

- 2 2

FEDERAL FUNDS

3-MONTH EURO-DOLLAR DEPOSITS

OVERNIGHT EURO-DOLLAR DEPOSITS

1 1 I 1 1 I 1 I I 1 I 1 I I I I I I I I I I I I I I I

DIFFERENTIAL DIFFERENTIAL

I I I I I I I I I I I I I I I I I I I I I I I

— 1 8

- 14

10

6

3

- 2

- 1

- 2

1979

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

1981 1979 1981


CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUSH, INDICATES FAVOR DOLLAR ASSETS


PERCENT PER ANNUM

28

20

12

EURO-DOLLAR DEPOSITS

INTERBANK STERLING COVERED LONDON

PERCENT PER ANNUM

28

CANADIAN FINANCE CO. PAPER, COVERED

U. S. COMMERCIAL PAPER

- N N J L

DIFFERENTIAL

-

" i l l i • -

12

— DIFFERENTIAL —

iv :

4

2

INTERBANK DM COVERED FRANKFURT

SWISS INTERBANK SF COVERED

EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS

DIFFERENTIAL DIFFERENTIAL

1979 1981 1979 1981

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE


15

13

11

9

7

12

10

8

6

4

16

14

12

10

8

6

14

12

10

8

6

15

13

11

9

7

9

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 At

UNITED STATES -

CANADA

—

I I I

SWITZERLAND

GERMANY

I I I I II I I I I I

FRANCE

UNITED KINGDOM

NETHERLANDS

U. S. CORPORATE MONTHLY

-

Aaa BONDS l¥' -

—

E U R O - D O L L A R BONDS —

" i l l i i r

MONTHLY

JAPAN

1979 1981 1979 1981

3 / 1 9 / 8 1


CHART 1Q

INDUSTRIAL STOCK INDICES WEEKLY SERIES

RATIO SCALE 1969=100

UNITED STATES

FRANCE G E N E R A L INDEX

SWITZERLAND JAPAN

UNITED KINGDOM GERMANY

1979 1981 1979

RATKD SCALE 1969=100

180

- 1 6 0

1981

3 /19 /81

140

- 1 2 0

100

80

100

90

- 8 0

70

- 6 0

50

160

- 140

120

100

80

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

SERIES NAME LAST VALOE PLOTTED

DATE VALUE

CHART 1. SPOT EXCHANGE RATES AND INDICES

WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS)

GERMAN MARK APRIL 47.42 JAPANESE YEN APRIL 0.47246 DUTCH GUILDER APRIL 42.82 U.K. POUND APRIL 223.74 CANADIAN DOLLAR APRIL 84.32 FRENCH FRANC APRIL 20.09 SWISS FRANC APRIL 51.98 BELGIAN FRANC APRIL 2.89323 ITALIAN LIRA APRIL 0.09507

INDICES, MARCH 1973 BASE RATES = 100

GERMAN MARK APRIL 133. ,41 JAPANESE YEN APRIL 123. ,70 DUTCH GUILDER APRIL 122. .94 U.K. POUND APRIL 90. ,49 CANADIAN DOLLAR APRIL 84. ,04 FRENCH FRANC APRIL 90. ,53 SWISS FRANC APRIL 167. 22 BELGIAN FRANC APRIL 114. 01 ITALIAN LIRA APRIL 54. ,00

WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAP 1973 = 100 (G-10 COUNTRIES PLOS SWITZERLAND)

U.S. DOLLAR APRII 96.60 GERMAN MARK APRIL 136.64 JAPANESE YEN APRIL 123.09 DUTCH GUILDER APRIL 121.14 U.K. POUND APRIL 96.91 CANADIAN DOLLAR APRIL 80.52 FRENCH FRANC APRIL 36.33 SWISS FRANC APRIL 165.03 BELGIAN FRANC APRIL 111.55 ITALIAN LIRA APRIL 50.03 SWEDISH KPONA APRIL 93. 36

CPAPT 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT

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

APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL

-2.05 2.25 2. 18 1. 89 6.82 4.46 7.02

-5.38


SERIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 3. GOLD PRICE IN LONDON, AFTERNOOK FIXING

U.S. DOLLARS PEP FINE OUNCE APPIL 1 526.55

CHART 4. CALL MONEY RATES

U.S. FEDERAL FUNDS APRIL 1 14. 93 OVERNIGHT EURO-DOLLAP. DEPOSITS APRIL 1 14. 48 U.K. 2-DAY LOCAL AUTHORITY DEPOSITS MARCH 27 12. 13 CANADA MARCH 20 16. 80 GERMANY MARCH 27 11. 25 EURO-DM MARCH 20 10. 90 JAPAN MARCH 27 7. 56 FRANCE MARCH 27 11. 88 NETHERLANDS MARCH 6 11. 15 EURO-SWISS FRANC MARCH 20 1. 60

CHART 5. 3-MONTH INTEREST RATES

U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS S DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE

(G-10 COUNTRIES PLUS SWITZERLAND)

APRIL APRIL APRIL APRIL APRIL APRIL APRIL

CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT APRIL 1 14. 48 7-DAY APRIL 1 14. 54 1-MONTH APRIL 1 14. 56 3-MONTH APRIL 1 14. 78 6-MONTH APRIL 1 14. 81 1-YEAR APRIL 1 14. 68

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

OVERNIGHT EURO-DOLLAR DEPOSITS APRIL 1 14. 48 U.S. FEDERAL FUNDS APRIL 1 14. 93 DIFFERENTIAL ADJ. FOP RESERVE REQUIREMENTS APRIL 1 -0. 45

3-MONTH EURO-DOLLAR DEPOSIT RATE APRIL 1 14. 78 U.S. 90-DAY CD'S, SECONDARY MARKET APRIL 1 13. 75 DIFFERENTIAL APRIL 1 1. 03


SERIES NAME LAST VALUE PLOTTED1

DATE VALUE

:HART 9. INTEREST ARBITRAGE, 3-MONTH FUNDS

EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL

U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL

EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT)> COVERED DIFFERENTIAL

EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL

APRIL APRIL APRIL

APRIL APRIL APRIL

APRIL APRIL APRIL

APRIL APRIL APRIL

14.78 14.89 -0.11

13.38 14.61 -1.23

14.78 15,54 -0.77

14.78 14.73 0.05

CHART 9. LONG TERM GOVERMENT BOND YIELDS

UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM

MARCH 27 MARCH 20 FEB.

MARCH 13 MARCH 20 FEB. 6

MARCH 6 MARCH 27

13.27 9.98 8.79 5.43

13.05 14.71 11.29 11.25

U.S. CORPORATE

AAA BONDS EURO-DM BONDS E U R O D O L L A R BONDS

FEB. DEC. JAN.

13.35 6.63

11.94

CHART 10. INDUSTRIAL STOCK INDICES

UNITED STATES JAPAN FRANCE UNITED KINGDOM SWITZERLAND GERMANY

MARCH 27 MARCH 27 MARCH 6 MARCH 27 MARCH 27 MARCH 20

142.58 350.33 150.80 120.87 74.82 9 6, 08


FEDERAL RESERVE statistical release

H.10(512) FOREIGN EXCHANGE RATES

FOR THE SEEK ENDING APRIL 3, 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 MONETARY

UNIT (RITE U.S. CENTS'

COUNTRY MONETARY

UNIT MAR. 30 MAR. 31 APR. 1 APR. 2 APst. 3

AUSTRALIA DOLLAR 116.2700 116.6900 116.3800 116.1700 115.8700 AUSTRIA SCHILLING 6.64894 6.71930 6.74764 6.69344 6.63900 BELGIUM FRANC 2.89855 2.88184 2.90867 2.89519 2.86615 CANADA DOLLAR 84.2603 84.2247 84.4952 84.6096 84.4737 DENMARK KRONE 15.1286 15.0602 15.1057 15.0716 14.9611 FINLAND MARKKA 24.6184 24.6366 24.6792 24.6063 NA FRANCE FRANC 20.2429 20.0100 20.1613 20.0642 19.9302 GERMANY D. MARK 47.6758 47.3821 47.6758 47.3597 47.0146 INDIA ' RUPEE 12.0340 12.0920 12.0920 12.0920 12.0340 IRELAND POUND 171.2500 173.1000 173.2000 173.0000 171.3000 ITALY LIRA 0.09533 0.09479 0.09551 0.09506 0.09452 JAPAN YEN 0.47304 0.47337 0.47081 0.46773 0.46904 MALAYSIA DOLLAR 43.7254 43.8212 43.8212 43.6872 43.6110 MEXICO PESO 4.2017 4.2017 4.2052 4.2017 4.2034 NETHERLANDS GUILDER 43.0663 42.7168 43.1034 42.7168 42.4448 NEW ZEALAND DOLLAR 91.6400 91.5500 91.6000 91.2000 90.7000 NORWAY KRONE 18.5701 18.5529 18.5977 18.5460 18.4774 PORTUGAL ESCUDO 1.7528 1.7606 1.7621 1.7606 1.7437 SOUTH AFRICA RAND 124.7700 125.1000 125.0700 124.6000 125.9500 SPAIN PESETA 1.1585 1.1710 1.1767 1.1682 1.1561 SRI LANKA RUPEE 5.5249 5.5249 5.5249 5.5249 5.5494 SWEDEN KRONA 21.7391 21.6920 21.7794 21.7391 21.5866 SWITZERLAND FRANC 52.3013 51.8672 52.1785 51.9615 51.4801 UNITED KINGDOM POUND 223.7500 223.2500 224.6000 221.8000 219.5000

APRIL 9, 1981


Selected Interest & Exchange Rates · 1981-04-06 · H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE...

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