h13_19810601.pdf

Selected Interest & Exchange Rates Weekly Series of Charts

June 1,1981

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

- -

FOREIGN CURRENCY

/ -

PRICE OF U.S. DOLLAR

I I I I I I J

120

100

80

GERMAN MARK

- A/f

V JAPANESE YEN -

I I I I I I 11111111111 , 11111,11 ~

-

U.K. POUND

I I I

RATIO SCALE MARCH 1973=100

120

100

80

60

FRENCH FRANC

SWISS FRANC

160 A a y"~\ /v-x. BELGIAN FRANC

140 A a /

120 - V --

DUTCH GUILDER \

-

100 , , 111111111

100

100

80

60

40

CANADIAN DOLLAR

1979 1981

100

- ITALIAN LIRA - 80

I ' \ - 60

I I I I I I I I I I I I I I 40 1979 1981

40


CHART 2

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

AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM

6 CANADIAN DOLLAR A A

I I I

V - ITALIAN LIRA -

i i i I I I : y V

PERCENT PER ANNUM

24

24

12

K

U. K. POUND J iy -X-Jj I I I

\AA

I I I

V DUTCH GUILDER

12

- 6

GERMAN MARK

FRENCH FRANC

18

SWISS FRANC 1 12

- 6

I I I 1 1 1 # I I I 1 1 1 0

JAPANESE YEN 12

1979 1981 1979 1981


U.S. D

800

750

700

650

600

550

500

450

400

350

300

250

200

150

100

UNCE

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

.LARS 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 I I I I I I I I 1978 1979 1980 1981


28

24

20

16

12

8

4

24

20

16

12

8

4

+ 0

24

20

16

12

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 M

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

CANADA

EURO-SWISS FRANC

NETHERLANDS

FRANCE

GERMANY

JAPAN EURO-DM

1979 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 AN

U. S. CD' S

U.K. INTERBANK STERLING

WEIGHTED AVERAGE FOREIGN RATE

CANADIAN FINANCE CO. PAPER A GERMAN INTERBANK RATE

JAPANESE BANK LOANS AND DISCOUNTS

-

SWISS INTERBANK RATE

IV -

J I I

1979 1981 1979 1981


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 DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S.

AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM

26

22 -/ L

18 - FEDERAL FUNDS l\ 'A \ f : /, V 14 M A J V

J J 1.J 10 - rd' 1.J

- OVERNIGHT T EURO-DOLLAR DEPOSITS 6 | | M i l l I I I I I I I 1 1 1 1 1 1 1 1 1 1 1

PERCENT PER ANNUM

26

- 2 2

3-MONTH EURO-DOLLAR DEPOSITS

DIFFERENTIAL

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

DIFFERENTIAL

I 1 1 I 1 1 1 1 1 I I

18

14

1 1 1 1 1 1 1 1 1 1 1

10

6 3

1979 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

1981 1979 1981


CHART 8

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

AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM

28

EURO-DOLLAR DEPOSITS 20

INTERBANK STERLING COVERED LONDON ,

4

DIFFERENTIAL 2

+ 0

2 28

INTERBANK DM COVERED FRANKFURT

20

v* EURO-DOLLAR DEPOSITS

2 DIFFERENTIAL

+ 0

2 1981 1979

28

CANADIAN FINANCE CO. PAPER, COVERED 20

U. S. COMMERCIAL PAPER

2 DIFFERENTIAL

28

SWISS INTERBANK (SF) COVERED 20

EURO-DOLLAR DEPOSITS

2 DIFFERENTIAL

1979 1981 1 PERCENT ON D IFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E


17

15

13

11

9

7

12

10

8

6

4 16

14

12

10

8

6 16

14

12

10

8

6

JUM

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

[NT PER ANNUM PERCENT PER Ah

UNITED STATES

GERMANY

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

- CAN -

" i l l I I I I I I 1111111 M I M

SWITZERLAND

ps -

I I I l l , . 1 , 7

FRANCE

EfjlLANDS

U. S. CORPORATE MONTHLY

Aaa BONDS i j ^ y

E U R O - D O L L A R BONDS

i l l

UNITED KINGDOM

MONTHLY

JAPAN

1979 1981 1979 1981

3/19/8


CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES'

RATIO SCALE 1 9 6 9 = 1 0 0

180

160 -

140 -UNITED STATES f N '

\/\ -

120 - A / -

100 - A / w

80

i i i 1 1 1

RATIO SCALE 1969=100

FRANCE GENERAL INDEX

SWITZERLAND JAPAN

UNITED KINGDOM

GERMANY

1979 1981 1979 1981


SERIES HAHE LAST VALUE PLOTTED

DATE VALUE

CHART 1. SPOT EXCHANGE RATES AND INDICES

*IEEKLT" AVERAGES, WOtJN FUYTNG" KATJSS~TTn.~S;T CENTS)

GERMA1T MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN UOLLAR FRENCH FRANC SWISS"FRANC -BELGIAN FRANC ITALIAN LIRA

MAT 2T 42.93 HAT 27 0.44729 NAY 27 38.61 HAY 27 206.66 B A Y 2 7 8 3 . 2 2 HAY 27 17.95 HAY 2? tf8. 13 HAY 27 2.63375 HAY U7~ 0^98653

INDICES, MARCH 1973 BASE SATES - IOtT

GERMAH MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC

StnSS-FRarNC-BELGIAN FRANC

ITALIAN- LIRA

HAT 27 MAY 27 HAY 27 MAY 27 HAY 27 MAY 27 -H*T 2 7 SAY 27 MAY 27

1 2 0 . 7 6 1 1 7 . 1 1 110;85 83. 59 82.94 80.89 154.84 103.78 49. T6

WEIGHTED AVERAGE EXCHANGE VADUE INDICES,MAR 1973 = 100

SERIES NAME LAS! VALUE PLOITSD

DATE VALUE

CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIX1M5 U.S. DOLLARS PER FINE OUNCE MAK 27 470.25

CHART 4. CALL MONEY RATES " " U.S. FEDERAL FORDS MAY 27 18.71

OVERNIGHT EURO-DOLLAR DEPOSITS MAY 27 19. 16 O.K.* 2-DAY LOCAL AUTHORITY DEPOSITS MAY 22 11.38 CANADA MAY 15 17.75 GERMANY MAY 22 11.90 EURO-DM MAY 15 10.47 JAPAN MAY 22 7.00 FRANCE MAY 22 20.00 NETHERLANDS APRIL 24 9.90 EURO-SWISS FRANC MAY 15 1.25

CHART 5. 3-MONTH INTEREST RATES 0:5. 90-DAT CD'S, SECONDARY MARKET MAY 27 18. 23 GERMAN INTERBANK LOAN MAY 27 13.20 JAPANESE BANK LOANS S DISCOUNTS MAY 27 7. ,39 CANADIAN FINANCE PAPER MAY 27 19.00 INTERBANK STERLING MAY 27 12. 39 SWISS INTERBANK LOAN MAY 27 10. ,25

H E I G H T ED~ATER AGE FOREIGN INTEREST RATE MAY 27 13. ,63 (3-10 COUNTRIES PLOS SWITZERLAND)

CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON " OVERNIGHT MAY 27 19.16

7-DAY MAY 27 19.08 1-MONTH MAY 27 19.16 3-MONTH MAY 27 19. 16 6-MONTH MAY 27 18.09 1-YEAR MAY 27 17.20

CHART 7. SELECTED EURO-DOLLAR AND 0.S. MONEY MARKET RATES

OVERNIGHT EURO-DOLLAR DEPOSITS MAY 27 19. 16 U.S. FEDERAL FUNDS MAY 27 18. 71 DIFFERENTIAL "ADJ. FOR RESERVE REQUIREMENTS MAY 27 0. 45 3-MONTH EURO-DOLLAR DEPOSIT RATE MAY 27 19. 16 U.S. 90-DAY CD'S, SECONDARY MARKET MAY 27 18. 28 DIFFERENTIAL MAY 27 0. 88


LAST VALUE PLOTTED DATE VALUE

CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STEELING (LONDON), COVERED DIFFERENTIAL

MAY 27 MAT 27 HAY 27

19.16 19.62 -0.47

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

EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL EURO-DOLLAR DEPOSIT S W1SS "TNTEFBXITK, COYEEEIT" DIFFERENTIAL

HAY 27 MAY 27 MAY 27

MAY 27 MAY 27 MAY 27 MAY 27 TTST2T MAY 27

17.52 18.83 -1.32 19.16 T9.45 -0.30 19. 16 -19,25 -0.09

CHATFT "9 . L0NT3 TEHM GO VERM EST BOND YIELDS

UNITED S T A T E S GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM

U.S. CORPORATE

PTAT2T MAY 15

APRIL MAY 15 MAY 15

MARCH 13 Tt-pRTr-24'

MAY 15

1 3 ; 9 T 10.79

7 .90 5 .82

15.82 15.09 10 .91 12.03

AAA BONDS * . APRIL 13.88 E050-DM BONDS T TJECT 6. 63 EURO-DOLLAR BONDS FEB. 12.17

CHART TO. INDUSTRIAL STOCK INDICES \

JAPAN HAY 22 362.00 FRANC r APRIL 3 148.80 UNITED KINGDOM MAY 22 129.78 SWITZERLAND MAY 22 71.66 GERMANY MAY 15 100.35


FEDERAL RESERVE statistical release . . a m

H.10(512) FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 29, 1981

JONR 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 (RATE U.S. CENTS)

COUNTRY MONETARY

UNIT MAY 25 MAY 26 MAY 27 RAY 28 MAY 29 AUSTRALIA DOLLAR - - - - 113.8400 113.5500 113.8300 113.8700 AUSTRIA SCHILLING 6.04961 6.02501 6.04230 6.09385 BELGIUM FRANC ' 2.62812 2.61165 2.64340 2.62674 CANADA DOLLAR H 83.2570 83. 1740 83.2086 83.0772 DENMARK KRONE 13.6314 1,3.5355 13.6799 13.6388 FINLAND MARKKA 22.9305 22.9358 22.9305 22.9147 FRANCE ~ "" "FRXNC * o 18.0375 18.0180 19.1324 17.9775 GERMANY D. MARK 42.8467 42.6257 43.0200 42.9184 INDIA RUPEE 11.7647 11.7647 11.7647 11.7925 IRELAND POUND L 156.7500 155.7000 157.3000 157.7000 ITALY LIRA 0.08639 0.08591 0.08613 0.08628 JAPAN YEN 0.44573 0.44454 0.44643 0.44663 MALAYSIA DOLLAT? I 42.5080 42.4989 42.5622 42.5622 MEXICO PESO 4.1339 4.1331 4.1305 4. 1305 NETHERLANDS GUILDER 38.5431 38.3142 38.6698 38.5802 NSW ZEALAND DOLLAR D 87.5000 87.1000 87. 1800 3 7 . 0 * 0 0 NORWAY KRONE 17.4764 17.3913 17.54 39 17.4095 PORTUGAL ESCUDO 1.6247 1.6155 1.6234 1.6271 SOUTil AFRICA RAND A 117.8700 117.4500 117.9000 118.0200 SPAIN PESETA 1.0828 1.0767 1.0811 1.0858 SRI LANKA RUPEE 5.4437 5.4437 5.4437 5.4142 SWEDEN KRONA Y 20.2041 20.1066 20.3790 20.2020 SWITZERLAND FRANC 48.1696 47.9386 48.2439 48.1742 UNITED KINGDOM POUND 206.6000 206.0000 206.8000 207.0000


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