selected interest & exchange rates · 20/07/1981 · table of contents tables 1. latest...
TRANSCRIPT
Selected Interest & Exchange Rates Weekly Series of Charts
/
July 20,1981
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.
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
120
100
80
RATIO SCALE MARCH 1973=100
60
- , -
-
FOREIGN CURRENCY
J -
PRICE OF U.S. DOLLAR
I I I 111I I I I I 111
U.K. POUND
-^ v X A /
I I I
A -180
160 - . -140 \ -
120 - GERMAI 4 MARK \ -
100 " i l l I I I i l l , , ! , , ! , , i i I i i l u l l ?
— FRENCH FRANC
—
" i n I I I , , I , , ! , , ! , , M ^ n l . T
160
140 — a A — V JAPANESE YEN
120 — AJf \ a ~
100 - —
80 I I I I I I N I U I i i I M 1111 111 l l 11
160
140
120 V -DUTCH GUILDER \ -
+ 100
" i l l I I I ,,
100
80
60
40
CANADIAN DOLLAR
SWISS FRANC
BELGIAN FRANC
1
ITALIAN LIRA
l "lV^\ -
1 I I 1 1 1
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
6
+ 0
6
6
+ 0
6
12
12
6
+ 0
12
6
0
6
24
+ 0
24
12
6
+ 0
6
18
12
6
0
12
6
0
6
CHAHI 2
3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
IT PER ANNUM PERCENT PER ANN
CANADIAN DOLLAR
^ f ~ \ / V A A \ a "
I I I I I I
v Vv r — ITALIAN LIRA -
I I I I I I „ , v ,
U. K. POUND j l
V ~
, l I I 11 i n i u i i i
GERMAN MARK
FRENCH FRANC
DUTCH GUILDER
I I I I I I i l l I I I I I I I I I I I I
kj* SWISS FRANC 1
A —
1 1 1 I I I
-
1979 1981
- /
1 JAPANESE YEN 1
•
1 1 1 I I 1
-
1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
U.S. [
800
7 5 0
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
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 1978 1979 1980 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PERi 28
24
20
16
12
8
4
24
20
16
12
e
4
0
24
20
16
1?
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 Al
U, S, FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY __
- vt
r i i 11111111111
EURO-SWISS FRANC
I" 1 „ I I J 11,11 i l l I 111
CANADA
NETHERLANDS
GERMANY
EURO-DM
1*79 1981 1979 1981
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
U.K. INTERBANK STERLING
WEIGHTED AVERAGE FOREIGN RATE
CANADIAN FINANCE CO. PAPER GERMAN INTERBANK.RATE
JAPANESE BANK LOANS AND DISCOUNTS
SWISS INTERBANK RATE
1979 1981 1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PEF
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CHART 7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+), FAVORS BORROWNG Wi U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM PERCENT PER ANNUM
26
22
FEDERAL FUNDS
OVERNIGHT V EURO-DOLLAR DEPOSITS
3
DEFERENTIAL 2
1
+ 0
1
2
3
4
1979
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RA1E bCALfc
26
22
3-MONTH EURO-DOLLAR DEPOSITS
90-DAY CO* S
3
DIFFERENTIAL
1981 1979
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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
INTERBANK STERLING COVERED LONDON
111 11 111 II
DIFFERENTIAL
INTERBANK DM COVERED FRANKFURT
20
12
PERCENT PER ANNUM
28
CANADIAN FINANCE CO. PAPER, COVERED
U. S. COMMERCIAL PAPER
— DIFFERENTIAL -
i i i iyw I
EURO-DOLLAR DEPOSITS
I I I I l u l l
DIFFERENTIAL DIFFERENTIAL
SWISS INTERBANK (SF) COVERED
EURO-DOLLAR DEPOSITS
1979 1981 1979 1981
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
17
15
13
11
9
7
12
10
8
6
4
16
14
12
10
8
6
16
14
12
10
8
6
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
ENT PER ANNUM PERCENT PER Al
UNITED STATES
GERMANY
FRANCE
NETHERLANDS
U. S. CORPORATE MONTHLY
Aaa BONDS
EURO-DOLLAR BONDS
—
CANADA
f ~
I I I
SWITZERLAND
UNITED KINGDOM
1979 1981
MONTHLY -
-
JAPAN
-
"TTTT I I I I I I I I I I I I I f
1979 1981
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RATIO SCALE 1977=100
140
120
100
80
60
45
CHART 10
STOCK INDICES WEEKLY SERES
160
140 - UNITED STATES V V V v / w x -
120 - -
100 - V / -
80 I I I I I I I I I I I I I I I I I
140 — —
120
~ A
a UNITED KINGDOM p -100 V * v / -
80 - —
60 i I ! • i i i 1 . 1 . . I . , i n , , I
SWITZERLAND
i _ L
NETHERLANDS
RATIO SCALE 1977=100
JAPAN
M l I I I 60
120
100
80
140 140
120 - M FRANCE -
y v * GERMANY 120
100 — | V I j \ r ' • ^ - 100
80 - 1 - - - 80
60 I I I i i i I I I I I I 11111111111 60
CANADA
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. SPOT EXCHANGE RATES AND INDICES
WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS)
GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA
INDICES, MARCH 1973 BASE RATES = 100
GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA
WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 (G-10 COUNTRIES PLUS SWITZERLAND)
U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA
JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15
JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15
100
JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15
41.04 0.43591
36.87 188.04 83.03 17.24 47.99 2.50252 0.08239
115.46 114, 14 105.83 76.06 82.76 77. 70
154.39 98.61 46.80
109.51 129.36 125.62 114.69 80.00 88.08 81.74
168.27 106.24 47.69 91.80
CHART 2. 3-MONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT
CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA
JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15 JULY 15
-0.82 5.04 5.77
-4.40 8.44 6.40 11.28 -9.71
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SERIES NAME LAST VALUE PLOTTED
DATE VALUE
CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING
U.S. DOLLARS PER FINE OUNCE JULY 15 410.05
CHART 4. CALL MONEY RATES
U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC
JULY 15 18. 76 f JULY 15 19. 40 JULY 10 12. 00 JUNE 12 19. 23 JULY 10 12. 00 JULY 3 11. 70 JULY 10 7. 25 JULY 10 18. 75
APRIL 24 9. 90 JULY 3 4. 95
CHART 5. 3-MONTH INTEREST RATES
U.S. 90-DAY CD'S, SECONDARY MARKET JULY 15 17. 64 GERMAN INTERBANK LOAN JULY 15 12. 93 JAPANESE BANK LOANS & DISCOUNTS JULY 15 7. 44 CANADIAN FINANCE PAPER JULY 15 19. 16 INTERBANK STERLING JULY 15 13. 28 SWISS INTERBANK LOAN JULY 15 10. 05 WEIGHTED AVERAGE FOREIGN INTEREST RATE JULY 15 13. 55
(G-10 COUNTRIES PLUS SWITZERLAND)
CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT JULY 15 19.40 7-DAY JULY 15 18.92 1-MONTH JULY 15 18.83, 3-MONTH JULY 15 18.30 6-MONTH JULY 15 17.85 1-YEAR JULY 15 16.67 (
CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS JULY 15 19. 40 U.S. FEDERAL FUNDS JULY 15 18. 76 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JULY 15 0. 64 3-MONTH EURO-DOLLAR DEPOSIT RATE JULY 15 18. 30 U.S. 90-DAY CD'S, SECONDARY MARKET JULY 15 17. 64 DIFFERENTIAL JULY 15 0. 66
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SERIES NAME LAST VALUE PLOTTED
DATE VALUE
CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS
EORG-DOLLAR DEPOSIT JULY 15 18.30 INTERBANK STERLING (LONDON), COVERED JULY 15 18.48 DIFFERENTIAL JULY 15 -0.18
U.S. COMMERCIAL PAPER JULY 15 16.89 CANADIAN FINANCE PAPER, COVERED JULY 15 18.30 DIFFERENTIAL JULY 15 -1.41
EURO-DOLLAR DEPOSIT JULY 15 18.30 INTERBANK DM (FRANKFURT) , COVERED JULY 15 18.89 DIFFERENTIAL JULY 15 -0.59
EURO-DOLLAR DEPOSIT JULY 15 18.30 SWISS INTERBANK, COVERED JULY 15 18. 70 DIFFERENTIAL JULY 15 -0.40
CHART 9. LONG TERM GOVEBMBNT BOND YIELDS
UNITED STATES JULY 10 14.00 GERMANY JULY 10 10.93 JAPAN (MONTHLY) MAY 8.81 SWITZERLAND JUNE 26 5.62 CANADA JUNE 5 14.60 FRANCE APRIL 10 14.76 NETHERLANDS APRIL 24 10.91 UNITED KINGDOM JULY 3 12.37
. CORPORATE
AAA BONDS JUNE 13.75 EURO-DOLLAR BONDS MAY 12.64
CHART 10. STOCK INDICES
UNITED STATES JULY 8 133. 43 UNITED KINGDOM JULY 8 114. 85 CANADA JULY 8 230.89 GERMANY JULY 8 102. ,38 SWITZERLAND JULY 8 95.77 NETHERLANDS JULY 8 87.32 FRANCE JULY 8 78.59 JAPAN JULY 8 156. 04
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEDERAL RESERVE statistical release "vf*4L Rt^
H.10 (512) FOREIGN EXCHANGE RATES
FOB THE WEEK ENDING JULY 17, 1981
JULY 21, 1981
The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certif ied for customs purposes the fol lowing noon buying rate in New York City for cable transfers payable in foreign currencies:
COUNTRY MONETARY
UNIT (RATE U.S. CENTS)
COUNTRY MONETARY
UNIT JULY 13 JULY 14 JULY 15 JULY 16 JULY 17
AUSTRALIA DOLLAR 114.5000 114.3000 114.6000 114.5300 114.5600 AUSTRIA SCHILLING 5.86166 5.79542 5.90668 5.89623 5.85823 BELGIUM FRANC ' 2.51319 2.49128 2.53036 2.53229 2.51130 CANADA DOLLAR 83.1117 82.9463 83.0634 83.0427 82.9394 DENMARK KRONE 13.1700 13.0378 13.2644 13.2494 13.1883 FINLAND MARKKA 22.2000 22.0410 22.1337 22.1779 22.1043 FRANCE FRANC 17.3190 17.2265 17.4596 17.5162 17.3340 GERMANY D. MARK 41.2660 40.8513 41.5282 41.4852 41.2116 INDIA RUPEE 11.3122 11.1732 11.1982 11.1982 11.1982 IRELAND POUND 150.4000 148.6000 151.2000 151.1000 150.1500 ITALY LIRA 0.08268 0.08197 0.08361 0.08319 0.08264 JAPAN YEN 0.43802 0.43290 0.43365 0.43238 0.43109 MALAYSIA DOLLAR 42.7442 42.5804 42.6986 42.6257 42.5351 MEXICO PESO 4.0650 4.0700 4.0683 4.0667 4.0584 NETHERLANDS GUILDER 37.0439 36.6838 37.2856 37.2439 37.0096 NEW ZEALAND DOLLAR 84.2500 83.7400 83.8600 84.0600 84.0900 NORWAY KRONE 16.4663 16.3399 16.4908 16.5289 16.4203 PORTUGAL ESCUDO 1.5528 1.5385 1.5576 1.5516 1.5480 SOUTH AFRICA RAND 110.1000 108.8700 109.1600 108.9500 108.8200 SPAIN PESETA 1.0362 1.0216 1.0390 1.0352 1.0297 SRI LANKA RUPEE 5.2882 5.3502 5.3502 5.3502 5.3502 SWEDEN KRONA 19.4552 19.2734 19.4363 19.4175 19.3330 SWITZERLAND FRANC 48.2859 47.7555 48.3092 48.2160 47.9731 UNITED KINGDOM POUND 188.0500 186.2000 189.0000 188.2500' 188.1500
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis