h13_19810112.pdf

Selected Interest & Exchange Rates Weekly Series of Charts

January 12, 1981

Prepared by the FINANCIAL MARKETS SECTION

DIVISION OF INTERNATIONAL FINANCE

BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM

UTashington, 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.


RATIO SCALE MARCH 1 9 7 3 = 1 0 0

120

100

80

140

120

100

80

160

140

120

100

100

I I I

CHART 1 "

SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)

AVERAGES FOR WEEK ENDING WEDNESDAY

- -

-

FOREIGN CURRENCY

PRICE OF U.S. DOLLAR

I I I 1 1 1 . . . 7

DUTCH GUILDER

-

V . JAPANESE YEN

-

I I I 1 1 1 h I M I M I M

BELGIAN FRANC

RATIO SCALE MARCH 1 9 7 3 = 1 0 0

CANADIAN DOLLAR

FRENCH FRANC

GERMAN MARK

: A ;J* SWISS FRANC

i i i 1 I 1 . . I . . . ~

UK. POUND

200

160

120

160

140

120

100

100

8 0

6 0

1979 1981 1979 1981


CHART 2

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


PERCENT PER ANNUM

6

12

CANADIAN DOLLAR A A

V

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

-

U. K. POUND II I -

I I I

-

- ITALIAN LIRA -

i i i 1 1 1

: y

PERCENT PER ANNUM

24

24

DUTCH GUILDER

GERMAN MARK

11 i l l I I I I 11

FRENCH FRANC

- w SWISS FRANC 1

t -

1 1 1 1 I I I l i l l l l l l l l I l i l l l l l l l l

12

1979 1981

\ JAPANE SE YEN I

-

I I I 1 1 1

-

1979 1981

12

0

&


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

PER FINE OUNCE U.S. DOLLARS PER FLNE i

12.5 Kg BARS AFTERNOON FIXING PRICE

1981 1980 1979 1978


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

EURO-SWISS FRANC CANADA

NETHERLANDS

FRANCE

JAPAN

l l l l l l l l l . i l 1979 1981

~ GERMANY -

EURO-DM

I I I ' l I I I

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

[HI PER ANNUM PERCENT PER Ah

U.S. CD'S

U.K. INTERBANK STERLING

WEIGHTED AVERAGE FOREIGN RATE

i i I i I I i i l rt

CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE

LOANS AND DISCOUNTS JAPANESE BANK

SWISS INTERBANK RATE

1979 1981 1979 1981


24

20

16

12

8

4

24

20

1tf

t 2

8

4

24

2 0

16

12

8

4

MUNT 24

20

16

12

8

4

24

20

16

12

a

4

24

20

16

12

8

4

CHART 6

EURO-DOLLAR DEPOSIT RATE& LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

ENT PER ANNUM PERCENT PER AF

OVERNIGHT 3-MONTH

6-MONTH 7-DAY

I t r n i i H H

1-MONTH : 1-YEAR : I l I I I I

-

1979 1981 1979 1981


PERCENT PER ANNUM

26

CHART 7

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


FEDERAL FUNDS

OVERNIGHT EURO-DOLLAR DEPOSITS

M 1 M 1 M 1 M

DIFFERENTIAL

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

PERCENT PER ANNUM

26

3-MONTH EURO-DOLLAR DEPOSITS

90-DAY CD S

I l I "

1979

1 PERCENT ON DIFFERENTIAL SCALE ? 2 PERCENT ON RATE SCALE

1981

DIFFERENTIAL ^ A

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

1979 1?81

.

0

1

2

3

4


CHART 8

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


PERCENT PER ANNUM

28

20

12

EURO-DOLLAR DEPOSITS

' Z ^ ' INTERBANK STERLING COVERED LONDON

20

12

INTERBANK DM COVERED FRANKFURT


I I I

PERCENT PER ANNUM

28

DIFFERENTIAL

CANADIAN FINANCE CO. PAPER, COVERED K

A A f

/ / -

j w i

il /

u. s . COMMERCIAL PAPER

i i i 111111111111

-

DIFFERENTIAL

|

A / W V V )

I I i i i i i i i i i i i i i i i i i i i i i i

-

DEFERENTIAL

20

- 12

- DIFFER ENTIAL -

A - V V M V A

I I I

, :

4

2


&

1979 1981

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

1979 1981


P E F

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 SERES

ENT PER ANNUM PERCENT PER AL

UNITED STATES

GERMANY

FRANCE

NETHERLANDS

U. S. CORPORATE MONTHLY

Aaa BONDS

EURO-DOLLAR BONDS

-

CANADA

-

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

- SWITZERLAND -

I I I -

UNITED KINGDOM

11

MONTHLY

JAPAN

1979 1981 1979 1981


RATIO SCALE 1969=100

200

CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

180

160 - -

140 140 UNITED STATES JVV '

120 - A / -

100 - AJ V/V -

80 i i i I I I M l M l l . l M M l M l M h .

400

360 - -

JAPAN 320 y

280 y s A

240 - -

200 I I I I I I I l l l I l l l l l I

FRANCE GENERAL INDEX

UNITED KINGDOM

J L L

RATIO SCALE 1969=10a

180

; 160

- - 140

- GERMANY - 120

A - 100

I I I I I I > I I I I I I > I I I 80 100

90 SWITZERLAND

A 80 f 1/ 70 - 60

I I I I I I i i h i l i i l n 50

200

180

160

- 140

120

100

80

1979 1981 1979 1981


S E R I E S N A M E L A S T V A L U E P L O T T E D

D A T E V A L U E

C H A R T 1 . S P O T E X C H A N G E R A T E S A N D I N D I C E S

W E E K L Y A V E R A G E S , N O O N B U Y I N G B A T E S ( U . S . C E N T S )

G E R M A N MARK J A N . 5 1 . . 3 1 J A P A N E S E Y E N J A N . 0 . . 4 9 8 5 9 D U T C H G U I L D E R J A N . 4 7 . . 2 0 U . K . ' P O U N D J A N . 2 4 0 . . 7 9 C A N A D I A N D O L L A R J A N . 8 4 , . 0 4 F R E N C H F R A N C J A N . 2 2 . . 1 8 S W I S S F R A N C J A N . 5 6 . . 6 3 B E L G I A N F R A N C J A N . 3 . . 1 8 9 4 6 I T A L I A N L I R A J A N . 0. . 1 0 7 9 5

I N D I C E S , M A R C H 1 9 7 3 B A S E R A T E S = 1 0 0

G E R M A N MARK J A N . 7 1 4 4 . 3 3 J A P A N E S E Y E N J A N . 7 1 3 0 . 5 5 D U T C H G U I L D E R J A N . 7 1 3 5 . 5 1 U . K . P O U N D J A N . 7 9 7 . 3 9 C A N A D I A N D O L L A R J A N . 7 8 3 . 7 6 F R E N C H F R A N C J A N . 7 9 9 . 9 5 S W I S S F R A N C J A N . 7 1 8 2 . 1 7 B E L G I A N F R A N C J A N . 7 1 2 5 . 6 4 I T A L I A N L I R A J A N . 7 6 1 . 3 2

C G H T E D A V E R A G E E X C H A N G E V A L U E I N D I C E S , MAR 1 9 7 3 = 1 0 0 ( G - 1 0 C O U N T R I E S P L U S S W I T Z E R L A N D )

U . S . D O L L A R J A N . 7 8 9 . 5 1 G E R M A N MARK J A N . 7 1 3 9 . 7 4 J A P A N E S E Y E N J A N . 7 1 2 2 . 2 4 D U T C H G U I L D E R J A N . 7 1 2 6 . 0 8 U . K . P O U N D J A N . 7 8 9 . 2 1 C A N A D I A N D O L L A R J A N . 7 7 5 . 2 1

F R E N C H F R A N C J A N . 7 9 0 . 6 9 S W I S S F R A N C J A N . 7 1 6 9 . 4 4 B E L G I A N F R A N C J A N . 7 1 1 6 . 0 0

I T A L I A N L I R A J A N . 7 5 3 . 7 8 S W E D I S H K R O N A J A N . 7 9 3 . 0 3

C H A R T 2 . 3 - M O N T H F O R W A R D E X C H A N G E R A T E S , P R E M I U M O R D I S C O U N T

C A N A D I A N D O L L A R J A N . 0 . . 5 5

U . K . P O U N D J A N . 2 . . 9 1

G E R M A N MARK J A N . 7 . . 9 1

F R E N C H F R A N C J A N . 5 . . 4 5

S W I S S F R A N C J A N . 1 1 . . 9 0 D U T C H G U I L D E R J A N . 7 . . 7 7 J A P A N E S E Y E N J A N . 8 . . 3 8 I T A L I A N L I R A J A N . - 0 . . 7 4


S E R I E S NAME L A S T V A L U E P L O T T E D

D A T E V A L U E

C H A R T 3 . G O L D P R I C E I N L O N D O N , A F T E R N O O N F I X I N G

U . S . D O L L A R S P E R F I N E O U N C E

C H A R T 4 . C A L L MONEY R A T E S

T J . S . F E D E R A L F U N D S O V E R N I G H T E U R O - D O L L A R D E P O S I T S U . K . 2 - D A Y L O C A L A U T H O R I T Y D E P O S I T S C A N A D A G E R M A N Y E U R O - D M J A P A N F R A N C E N E T H E R L A N D S E U R O - S W I S S F R A N C

J A N . 7 5 9 1 . 6 9

J A N . 7 2 0 . 0 6 J A N . 7 1 9 . 2 5 J A N . 2 1 4 . 2 5 D E C . 1 9 1 5 . 6 0 J A N . 2 9 . 0 5 J A N . 2 8 . 9 2 J A N . 2 9 . 3 8 J A N . 2 1 0 . 8 8 D E C . 1 2 7 . 8 5 J A N . 2 3 . 8 8

C H A R T 5 . 3 - M O N T H I N T E R E S T R A T E S

U . S . 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T G E R M A N I N T E R B A N K L O A N J A P A N E S E BANK T . O A N S F D I S C O U N T S C A N A D I A N F I N A N C E P A P E R I N T E R B A N K S T E R L I N G S W I S S I N T E R B A N K L O A N W E I G H T E D A V E R A G E F O R E I G N I N T E R E S T R A T E

( 1 - 1 0 C O U N T R I E S P L U S S W I T Z E R L A N D )

J A N . J A N . J A N . J A N ; J A N . J A N . J A N .

1 6 . 3 4 9 . 4 2 9 . 2 5

1 7 . 1 9 1 4 . 5 5

5 . 5 8 1 1 . 4 6

C H A R T 6 . E U R O - D O L L A R D E P O S I T R A T E S : L O N D O N

O V E R N I G H T 7 - D A Y 1 - K C N T R 3 - M O N T H 6 - M C N T H 1 - Y E A R

J A N . J A N . J A N . J A N . J A N . J A N .

1 9 . 2 5 1 9 . 8 8 1 8 . 7 5 1 7 . 0 6 1 5 . 6 1 1 4 . 8 1

C H A R T 7 . S E L E C T E D E U R O - D O L L A R A N D U . S . M O N E Y M A R K E T R A T E S

C V E R N T G K T E U R O - D O L L A R D E P O S I T S J A N . 7 1 9 . 2 5 U . S . F E D E R A L F U N D S J A N . 7 2 0 . 0 6

D I F F E R E N T I A L A D J . F O R R E S E R V E R E Q U I R E M E N T S J A N . 7 - 0 . 8 1

3 - M C N T H E U R O - D O L L A R D E P O S I T R A T E J A N . 7 1 7 . 0 6 U . S . 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T J A N . 7 1 6 . 3 4

D I F F E R E N T I A L J A N . 7 0. 7 2


S E R I E S NAME "LAST VALP'S PLOTTED

DATE V A L O l

C H A R T FI. I N T E R E S T A R B I T R A G E , 3 - M O N T H F U N D S

E T 7 R O - D O L L A P D E P O S I T I N T E R B A N K S T E R L I N G ( L O N D O N ) , C O V E R E D D I F F E R E N T I A L

U . S . C O M M E R C I A L P A P E R C A N A D I A N F I N A N C E P A P E F , C O V E R E D D I F F E R E N T I A L

E U R O - D O L L A R D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , C O V E R E D D I F F E R E N T I A L

E U R O - D O L L A R D E P O S I T S W I S S I N T E R B A N K , C O V E R E D D I F F E R E N T I A L

J A N . J A N . J A N .

J A N . J A N . J A N .

J A N . J A N . J A N .

J A N . J A N . J A N .

1 7 . 0 6 1 7 . 5 7 - 9 . 5 0

1 5 . 6 3 1 7 . 7 6 - 2 . 1 3

1 7 . 0 6 1 7 . 5 2 ^ 0 . 4 6

1 7 . 0 6 1 7 . 6 5 - 0 . 5 9

C H A R T 9 . L C N S T E R M G O V E R S B N T B O N D Y I E L D S

U N I T E ! ) S T A T E S J A N . 2 1 2 . 3 6 G E R M A N Y J A N . 2 9 . 0 3 J A P A N ( M O N T H L Y ) N O V . 9 . 5 2 S W I T Z E R L A N D D E C . 1 9 4 . 7 3 C A N A D A D E C . 1 9 1 3 . 1 4 F R A N C E N O V . 1 4 1 4 . 2 3 N E T H E R L A N D S D E C . 1 2 1 0 . 3 6 U N I T E D K I N G D O M J A N , 2 1 1 . 5 1

! . C O R P O R A T E

AAA B O N D S N O V . 1 2 . 9 7 E U R O - D M B O N D S D E C . 6 . 6 3 E U R C - D O L L A R B O N D S O C T . 1 1 . 2 7

0 . I N D U S T R I A L S T O C K I N D I C E S

U N I T E D . S T A T E S J A N . 2 1 4 4 . 7 8 J A P A N J A N . 2 3 2 5 . 1 2 E R A N C E D E C . 1 9 1 5 2 . 6 0 U N I T E D K I N G D O M J A N . 2 1 1 3 . 0 3 S W I T Z E R L A N D J A N . 2 7 4 . 9 4 G E R M A N Y D E C . 2 6 9 3 . 2 1


FEDERAL RESERVE statistical release

a " 1 0 ( 5 1 2 1 FOREIGN EXCHANGE RATES

FOR THE WEEK ENDING JANUARY 9 , 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

U N I T fRA' PE U . S . CENTS]

COUNTRY MONETARY

U N I T J A N . 5 J A N . 6 J A N . 7 J A N . 8 J A N . 9

A U S T R A L I A DOLLAR 1 1 8 . 4 7 0 0 1 1 8 . 9 0 0 0 1 1 8 . 9 0 0 0 1 1 8 . 6 5 0 0 1 1 8 . 5 2 0 0 A U S T R I A S C H I L L I N G 7 . 2 2 0 2 2 7 . 3 0 4 6 0 7 . 2 6 2 1 6 7 . 1 8 3 9 1 7 . 1 6 8 4 6 BELGIUM FRANC 3 . 2 0 4 1 0 3 . 2 1 3 3 7 3 . 1 8 7 7 6 3 . 1 6 7 5 6 3 . 1 4 8 6 1 CANADA DOLLAR 8 4 . 1 3 2 6 8 4 . 1 6 0 9 8 4 . 1 7 5 1 8 4 . 1 8 2 2 8 4 . 1 5 3 9 DENMARK KRONE 1 6 . 7 1 6 8 1 6 . 7 8 7 0 1 6 . 6 8 7 5 1 6 . 5 4 8 1 1 6 . 4 8 5 3 F I N L A N D MARKKA 2 6 . 0 6 2 0 2 6 . 2 9 1 6 2 6 . 2 3 2 9 2 6 . 0 4 5 1 2 6 . 0 2 8 1 FRANCE FRANC 2 2 . 2 6 4 3 2 2 . 3 4 3 9 2 2 . 2 0 9 9 2 2 . 0 1 4 3 2 1 . 8 6 9 9 GERMANY D . MARK 5 1 . 5 7 3 0 5 1 . 6 7 9 6 5 1 . 3 4 7 9 5 0 . 9 3 7 2 5 0 . 5 4 3 4 I N D I A RUPEE 1 2 . 8 0 0 0 1 2 . 6 7 0 0 1 2 . 7 2 0 0 1 2 . 5 8 0 0 1 2 . 5 8 0 0 I R E L A N D POUND 1 9 0 . 2 5 0 0 1 9 2 . 2 0 0 0 1 9 1 . 0 0 0 0 1 8 9 . 2 0 0 0 1 8 8 . 4 0 0 0 I T A L Y L I R A 0 . 1 0 8 1 1 0 . 1 0 8 5 8 0 . 1 0 8 2 8 0 . 1 0 7 2 1 0 . 1 0 6 7 2 J A P A N YEN 0 . 5 0 2 3 9 0 . 5 0 0 7 5 0 . 4 9 7 3 9 0 . 4 9 5 7 9 0 . 4 9 2 6 1 MALAYSIA DOLLAR 4 5 . 1 4 6 7 4 5 . 2 7 9 6 4 5 . 2 3 8 6 4 5 . 1 6 7 1 4 4 . 9 8 4 3 MEXICO PESO 4 . 2 9 3 7 4 . 2 9 0 0 4 . 2 9 1 8 4 . 2 8 5 4 4 . 2 7 3 5 NETHERLANDS GUILDER 4 7 . 4 8 3 4 4 7 . 5 0 5 9 4 7 . 2 5 9 0 4 6 . 8 4 9 4 4 6 . 5 3 3 3 NEW ZEALAND DOLLAR 9 6 . 5 4 0 0 9 6 . 9 5 0 0 9 6 . 9 8 0 0 9 6 . 6 5 0 0 9 6 . 4 8 0 0 NORWAY KRONE 1 9 . 4 6 6 6 1 9 . 5 3 8 9 1 9 . 5 0 2 7 1 9 . 4 4 3 9 1 9 . 4 3 6 3 PORTUGAL ESCUDO 1 . 8 8 6 8 1 . 9 0 2 9 1 . 8 9 7 5 1 . 8 8 1 5 1 . 8 8 1 8 SODTH A F R I C A RAND 1 3 4 . 4 7 0 0 1 3 4 . 9 6 0 0 1 3 5 . 6 7 0 0 1 3 5 . 4 0 0 0 1 3 5 . 1 8 0 0 S P A I N P E S E T A 1 . 2 5 9 8 1 . 2 7 5 0 1 . 2 6 6 3 1 . 2 5 4 7 1 . 2 5 3 1 S R I LANKA RUPEE 5 . 9 7 0 1 5 . 9 7 0 1 5 . 9 7 0 1 5 . 9 7 0 1 5 . 9 7 0 1 SWEDEN KRONA 2 2 . 9 6 7 4 2 3 . 2 5 5 8 2 2 . 9 6 2 1 2 2 . 8 4 1 5 2 2 . 7 6 8 7 SWITZERLAND FRANC 5 6 . 9 1 5 2 5 7 * 1 2 6 5 5 6 . 5 9 3 1 5 6 . 3 5 0 8 5 5 . 6 4 8 3 U N I T E D KINGDOM POUND 2 4 1 . 5 5 0 0 2 4 2 . 2 5 0 0 2 4 1 . 1 5 0 0 2 4 0 . 3 5 0 0 2 3 9 . 5 0 0 0

JANUARY 9 , 1 9 8 1


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