h13_19810706.pdf
TRANSCRIPT
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C6ie/S17)
Selected Interest & Exchange Rates Weekly Series of Charts
July 6 ,1981
Prepared by the FINANCIAL MARKETS SECTION
DIVISION OF INTERNATIONAL FINANCE
BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551
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#
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.
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CHART 1
SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
I I I
RATIO SCALE MARCH 1973=100
120
100
80
60
180
160
140
120
100
160
140
1 2 0 -
100 -
100
80
60
40
FOREIGN CURRENCY PRICE OF U.S. DOLLAR
11
- y. -
" I N
GERMAN MARK
I I I 111111111111 I I l I i l l i l l I
DUTCH GUILDER
CANADIAN DOLLAR
RATIO SCALE MARCH 1973=100
120 U.K. POUND
/ l x > x -100 \ - 80 I I I I I I I I ~ 60
FRENCH FRANC - 120
- fs^r X - 100
~ i i i 11 i n h f t i i l i T 80 JAPANESE YEN
SWISS FRANC
BELGIAN FRANC
I I I
V . K :
ITALIAN LIRA
100
100
- 8 0
60
40 1979 1981 1979 1981
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CHART 2
3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM 6
PERCENT PER ANNUM
.
CANADIAN DOLLAR A A
\ A ~
I I I
Vv i i l i i l i i l n
24
-ITALIAN LIRA
-
A A $ A / - I I I M , X 24 *
12
k
U. K. POUND I V- : -
I I I
\A/V
i i i
V
111 11111111
GERMAN MARK
u
FRENCH FRANC
DUTCH GUILDER
SWISS FRANC
- 1 2
- 6
6
18
- 12
I JAPANESE YEN 1
- -
I I I 1 1 1
-
12
+ 0
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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U.S. D<
800
750
700
650
600
550
500
450
4 0 0
350
300
250
200
150
100
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
U.S. DOLLARS PER FINE PER FINE OUNCE
12.5 Kg BARS AFTERNOON FIXING PRICE
i i I i i I i i I i i i i I i i JLL 1978 1 9 7 9 1980 1981
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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 Ah
U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY __
- v i m "
T I I I I I i i I i i I m I i i i i h i i i i i u
CANADA
EURO-SWISS FRANC
NETHERLANDS
FRANCE
GERMANY
JAPAN
EURO-DM
1979 1981 1979 1981
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20
16
12
8
4
22
18
1 4
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 ANh
U. S. CO' S
U.K. INTERBANK STERLING
WEIGHTED AVERAGE FOREIGN RATE
GERMAN INTERBANK RATE CANADIAN FINANCE CO. PAPER
JAPANESE BANK LOANS AND DISCOUNTS
SWISS INTERBANK RATE
1 9 7 9 1 9 8 1 1 9 7 9 1 9 8 1
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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
NT PER ANNUM PERCENT PER Ah
OVERNIGHT 3-MONTH
6-MONTH 7-DAY
1-MONTH
-
1-YEAR
A / -
I I I I I I
-
1979 1981 1979 1981
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CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
28
EURO-DOLLAR DEPOSITS
V - l STV A / INTERBANK STERLING
^ / v V W COVERED LONDON
I I I I I I I i . l n l i i l i i.
CANADIAN FINANCE CO. PAPER, COVERED
PERCENT PER ANNUM
28
U. S. COMMERCIAL PAPER
~ hi V 1
DIFFERENTIAL ~
~ l 1 1
DEFERENTIAL -
A v U \ / l A nA I
INTERBANK DM COVERED FRANKFURT
EURO-DOLLAR DEPOSITS
DIFFERENTIAL
EURO-DOLLAR DEPOSITS
DIFFERENTIAL
" i l l 1 1 1 11111111111111111111111 1979 1981 1979 1981
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
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1 7
1 5
1 3
11
9
1 12
10
8
6
4
16
1 4
12
10
8
6
16
1 4
12
10
8
6
1 7
1 5
1 3
11
9
7
9
7
5
3
1
1 7
1 5
1 3
11
9
7
1 5
1 3
11
9
7
5
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES
NT PER ANNUM PERCENT PER AN
CANADA
UNITED STATES
SWITZERLAND
FRANCE
UNITED KINGDOM
I ' NETHERLANDS
U . S . C O R P O R A T E MONTHLY MONTHLY
Aaa BONDS
EURO-DOLLAR BONDS
1 9 7 9 1 9 8 1 1 9 7 9 1 9 8 1
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RATIO SCALE 1977=100
1 4 0
1 2 0
100
80
60
4 5
CHART 10
STOCK INDICES WEEKLY SERIES
NETHERLANDS
1 6 0
1 4 0 - UNITED STATES W V V / S Y V -
1 2 0 - -
1 0 0 - J J \ J VK/ -
8 0 I I I I I I I l l l l l l l l l l
1 4 0
1 2 0
- A A UNITED KINGDOM
1 0 0 V v / -8 0 - -
6 0 i n i 1 1 11 i i i i n 111 , , , , ,
RATIO SCALE 1977=100
JAPAN
1 4 0
1 2 0 j A FRANCE
A / w A
-
1 0 0 f J \ r \ | V I '
-
8 0 - _
6 0 I I I n l u l i i l n
1 4 0
-SWITZERLAND
- 1 2 0
-
1 0 0
- - 8 0
I I I I I I . I L I I L I I L . I M I I I I I I I M 6 0 | 1 4 0
GERMANY 1 2 0
V \ A Z ^
too
- - I BO
I I I I I I I . h , h i l l . 6 0
CANADA
1 9 7 9 1 9 8 1 1 9 7 9 1 9 8 1
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S E R I E S NAME LAST VALUE PLOTTED
DATE VALUE
CHART 1 . SPOT EXCHANGE RATES AND I N D I C E S
WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS)
t
GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA
JULY JULY JULY JULY JULY JULY JULY JULY JULY
4 1 . 7 4 0 . 4 4 2 3 9
3 7 . 5 4 1 9 3 . 5 6
8 3 . 2 3 1 7 . 4 9 4 8 . 9 0
2 . 5 4 8 5 8 0 . 0 8 3 8 3
I N D I C E S , MARCH 1 9 7 3 BASE RATES = 1 0 0
GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA
JULY 1 1 1 7 . 4 0 JULY 1 1 1 5 . 8 3 JULY 1 1 0 7 . 7 8 JULY 1 7 8 . 2 9 JULY 1 8 2 . 9 5 JULY 1 7 8 . 8 0 JULY 1 1 5 7 . 3 3 JULY 1 1 0 0 . 4 3 JULY 1 4 7 . 6 2
WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1 9 7 3 = 1 0 0 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)
U . S . DOLLAR JULY 1 1 0 7 . 7 1 GERMAN MARK JULY 1 1 2 9 . 9 3 JAPANESE YEN JULY 1 1 2 5 . 8 7 DUTCH GUILDER JULY 1 1 1 5 . 3 3 U . K . POUND JULY 1 8 1 . 4 1
4 CANADIAN DOLLAR JULY 1 8 7 . 0 8 FRENCH FRANC JULY 1 8 1 . 8 3
# SWISS FRANC JULY 1 1 6 9 . 2 7 * BELGIAN FRANC JULY 1 1 0 6 . 8 2
ITALIAN LIRA JULY 1 4 7 . 9 2 SWEDISH KRONA JULY 1 9 2 . 0 2
CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT
CANADIAN DOLLAR JULY 1 - 1 . 1 2 U . K . POUND JULY 1 5 . 6 9 GERMAN MARK JULY 1 5 . 5 8 FRENCH FRANC JULY 1 - 4 . 9 3 SWISS FRANC JULY 1 7 . 9 4 DUTCH GUILDER JULY 1 6 . 2 3 JAPANESE YEN JULY 1 1 0 . 3 5 ITALIAN LIRA JULY 1 - 7 . 8 5
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S E R I E S NAME -LAST VALUE PLOTTED
DATE VALUE
CHART 3 . GOLD P R I C E I N LONDON, AFTERNOON F I X I N G
U . S . DOLLARS PER F I N E OUNCE JULY 1 4 3 2 . 9 1
. CALL MONEY RATES
U . S . FEDERAL FUNDS JULY 1 1 8 . 8 4 OVERNIGHT EURO-DOLLAR DEPOSITS JULY 1 1 9 . 0 6 U . K . 2-DAY LOCAL AUTHORITY D E P O S I T S JUNE 2 6 1 1 . 0 0 CANADA JUNE 5 1 8 . 0 5 GERMANY JUNE 2 6 1 2 . 0 0 EURO-DM JUNE 19 1 1 . 4 4 JAPAN JUNE 2 6 7 . 2 5 FRANCE JUNE 2 6 2 0 . 0 0 NETHERLANDS A P R I L 2 4 9 . 9 0 EURO-SWISS FRANC JUNE 19 1 . 6 3
CHART 5 . 3-MONTH I N T E R E S T RATES
U . S . 90 -DAY C D ' S , SECONDARY MARKET JULY 1 1 7 . 00 GERMAN INTERBANK LOAN JULY 1 1 2 . 91 JAPANESE BANK LOANS & DISCOUNTS JULY 1 7 . 50 CANADIAN FINANCE PAPER JULY 1 1 9 . 2 6 INTERBANK STERLING JULY 1 1 2 . 49 SWISS INTERBANK LOAN JULY 1 1 0 . 0 2 WEIGHTED AVERAGE FOREIGN INTEREST RATE JUNE 2 4 1 3 . 51
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
CHART 6 . EURO-DOLLAR D E P O S I T RATES: LONDON
OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR
JULY JULY JULY JULY JULY JULY
1 9 . 0 6 1 8 . 5 5 1 8 . 4 0 18.01 1 7 . 4 5 1 6 . 3 2 i
CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS
JULY JULY JULY
1 9 . 0 6 1 8 . 8 4 0.22
3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90 -DAY C D ' S , SECONDARY MARKET D I F F E R E N T I A L
JULY 1 JULY 1 JULY 1
18.01 1 7 . 0 0 1.01
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S E R I E S NAME LAST VALUE PLOTTED
DATE VALUE
CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR D E P O S I T JULY 1 1 8 . 0 1 INTERBANK STERLING (LONDON), COVERED JULY 1 1 8 . 3 5 DIFFERENTIAL JULY 1 - 0 . 3 4
U . S . COMMERCIAL PAPER JULY 1 1 6 . 2 8 CANADIAN FINANCE PAPER, COVERED JULY 1 1 8 . 0 9 D I F F E R E N T I A L JULY 1 - 1 . 8 1
EURO-DOLLAR DEPOSIT JULY 1 1 8 . 0 1 INTERBANK DM (FRANKFURT), COVERED JULY 1 1 8 . 6 7 D I F F E R E N T I A L JULY 1 0. 6 6
EUBO-DOLLAR DEPOSIT JULY 1 1 8 . 0 1 SWISS INTERBANK, COVERED JULY 1 1 8 . 16 D I F F E R E N T I A L JULY 1 - 0 . 15
CHART 9 . LONG TERM GOVERMENT BOND YIELDS
UNITED STATES JUNE 2 6 1 3 . 6 1 GERMANY JUNE 19 1 0 . 7 2 JAPAN (MONTHLY) A P R I L 7 . 9 0 SWITZERLAND JUNE 1 2 5 . 7 7 CANADA JUNE 5 1 4 . 6 0 FRANCE A P R I L 10 1 4 . 7 6 NETHERLANDS A P R I L 24 1 0 . 9 1 UNITED KINGDOM JUNE 19 1 2 . 2 5
I. CORPORATE
AAA BONDS A P R I L 1 3 . 8 8 EURO-DOLLAR BONDS APRIL 1 2 . 5 1
CHART 1 0 . STOCK I N D I C E S
UNITED STATES JUNE 17 1 3 8 . , 10 UNITED KINGDOM JUNE 17 1 1 9 . 7 8 CANADA JUNE 17 2 3 1 . 4 6 GERMANY JUNE 1 7 1 0 2 . 3 8 SWITZERLAND JUNE 17 9 7 . , 3 2 NETHERLANDS JUNE 17 9 0 . . 5 6 FRANCE JUNE 17 8 2 , , 0 1 . JAPAN JUNE 17 1 5 3 . , 4 0
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FEDERAL RESERVE statistical release
H. 10 ( 5 1 2 ) FOREIGN EXCHANGE RATES
JULY 6 , 1 9 8 1
FOR THE WEEK ENDING JULY 3 , 1 9 8 1
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 JUNE 2 9 JUNE 3 0 JULY 1 JULY 2 JULY 3
AUSTRALIA DOLLAR 1 1 4 . 8 3 0 0 1 1 4 . 7 8 0 0 1 1 4 . 6 8 0 0 . 1 1 4 . 8 0 0 0 1 1 4 . 5 1 0 0 AUSTRIA SCHILLING 5 . 9 3 8 2 4 5 . 9 1 9 7 9 5 . 8 8 8 4 1 5 . 8 9 0 1 5 5 . 8 9 0 1 5 BELGIUM FRANC ' 2 . 5 5 1 0 2 2 . 5 4 7 7 7 2 . 5 3 1 0 0 2 . 5 3 1 0 0 2 . 5 2 6 5 3 CANADA DOLLAR 8 3 . 3 4 7 2 8 3 . 2 9 1 7 8 3 . 0 9 1 0 8 3 . 1 7 4 0 8 3 . 2 0 8 6 DENMARK KRONE 1 3 . 3 6 9 0 1 3 . 3 0 9 4 . 1 ^ . 2 1 4 4 1 3 . 2 2 7 5 1 3 . 2 0 1 3 FINLAND MARKKA 2 2 . 4 8 7 1 2 2 . 4 4 6 7 2 2 . 2 5 4 4 2 2 . 2 0 9 9 2 2 . 2 2 2 2 FRANCE FRANC 1 7 . 5 1 7 7 1 7 . 4 8 8 6 1 7 . 4 3 6 8 1 7 . 4 3 9 8 1 7 . 4 3 3 7 GERMANY D . MARK 4 1 . 7 8 8 5 4 1 . 7 7 1 1 4 1 . 4 4 2 2 4 1 . 4 6 2 8 4 1 . 3 9 9 3 INDIA RUPEE 1 1 . 6 0 0 9 1 1 . 6 0 0 9 1 1 . 5 6 0 7 1 1 . 3 5 0 7 1 1 . 3 1 2 2 IRELAND POUND 1 5 2 . 4 0 0 0 1 5 2 . 4 0 0 0 1 5 1 . 2 0 0 0 1 5 1 . 3 5 0 0 1 5 1 . 0 0 0 0 ITALY LIRA 0 . 0 8 3 8 9 0 . 0 8 3 8 9 0 . 0 8 3 4 4 0 . 0 8 3 1 9 0 . 0 8 3 0 6 JAPAN YEN 0 . 4 4 2 7 7 0 . 4 4 2 7 7 0 . 4 3 8 1 2 0 . 4 4 1 0 1 0 . 4 3 7 6 4 MALAYSIA DOLLAR 4 3 . 1 4 0 6 4 3 . 1 3 6 0 4 2 . 9 7 3 8 4 2 . 7 7 1 6 4 2 . 6 8 0 3 MEXICO PESO 4 . 0 8 4 1 4 . 0 8 3 3 4 . 0 8 7 5 4 . 0 8 5 0 4 . 0 8 5 0 NETHERLANDS GUILDER 3 7 . 6 0 1 1 3 7 . 5 3 0 5 3 7 . 2 9 9 5 3 7 . 2 9 9 5 3 7 . 2 5 0 9 NEW ZEALAND DOLLAR 8 5 . 2 5 0 0 8 5 . 0 0 0 0 8 4 . 6 8 0 0 8 4 . 4 0 0 0 8 4 . 3 0 0 0 NORWAY KRONE 1 6 . 6 7 6 4 1 6 . 6 2 7 9 1 6 . 5 1 5 3 1 6 . 5 2 0 7 1 6 . 5 3 5 8 PORTUGAL ESCUDO 1 . 5 8 2 3 1 . 5 7 4 8 1 . 5 6 0 1 1 . 5 5 9 6 1 . 5 6 2 5 SOUTH AFRICA RAND 1 1 3 . 4 0 0 0 1 1 2 . 7 7 0 0 1 1 2 . 0 0 0 0 1 1 1 . 5 5 0 0 1 1 1 . 4 5 0 0 SPAIN PESETA 1 . 0 5 0 8 1 . 0 4 8 4 1 . 0 4 0 1 1 . 0 3 4 9 1 . 0 3 3 1 S R I LANKA RUPEE 5 . 3 8 5 0 5 . 3 8 5 0 5 . 3 8 5 0 5 . 3 8 5 0 5 . 3 5 5 9 SWEDEN KRONA 1 9 . 6 6 5 7 1 9 . 6 5 4 1 1 9 . 5 4 6 5 1 9 . 5 4 0 8 1 9 . 5 1 2 2 SWITZERLAND FRANC 4 9 . 1 7 6 3 4 8 . 7 9 2 4 4 8 . 1 9 2 8 4 8 . 2 2 7 6 4 8 . 1 9 2 8 UNITED KINGDOM POUND 1 9 4 . 3 5 0 0 1 9 3 . 0 0 0 0 1 9 0 . 2 5 0 0 1 8 8 . 4 0 0 0 1 8 9 . 3 0 0 0
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