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5 - Y V d
(516/517)
Selected Interest &
Exchange Rates
Weekly Series of Charts
April 15, 1985
Prepared by the
FINANCIAL MARKETS
SECTION
DIVISION OF
INTERNATIONAL FINANCE
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551
Table of Contents
TABLES
SUBSCRIPTION RATES:
1. LATEST FIGURES PLOTTED
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, Division 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.
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
CHART 1
SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1 9 7 3 = 1 0 0
RATIO SCALE
MARCH 1 9 7 3 = 1 0 0
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
120
—
—
—
CANADIAN DOLLAR
^
100
-
80
SWISS FRANC
y v
—
70
-
-
-
60
-
—
-
|
\/
|
|
I
I
I
200
160
—
|
I I I I I I I I I I I
50
-
—
140
— 120
| | | | | | | I| I I
100
—
GERMAN MARK
160
140
DUTCH GUILDER
-
120
100
A /
-
80
70
U.K. POUND
—
100
-
80
FRENCH FRANC
70
60
50
120
BELGIAN FRANC
100
-
80
-
—
70
-
-
60
-
50
A /
I
I
1983
I
ITALIAN LIRA
-
11111111111
1985
1983
1985
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
ENT PER ANNUM
PERCENT PER AL
6
CANADIAN DOLLAR
ITALIAN LIRA
—
-
+
0
-
6
I
I
I
I
I
I
I
6
U. K. POUND
DUTCH GUILDER
+
0
6
12
GERMAN MARK
-
SWISS FRANC
\
-
6
XT'
0
"
i
l
l
I
I
—
I
8
FRENCH FRANC
+
0
JAPANESE YEN
8
16
-
-
24
32
I
1983
1985
I
I
I
I
1983
I
I IIIIIIIIII I IIIIIIIIII
1985
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
U.S. DOLLARS PER FINE OUNCE
600
600
560
560
520
520
480
480
12.5 Kg BARS
AFTERNOON FIXING PRICE
440
440
400
400
360
360
320
320
280
-
280
240
I I I I I I I
1982
1983
1984
1985
240
CHART 4
CALL MONEY RATES
WEEKLY SERIES
p
:NT PER ANNUM
PERCENT PER AL
2
2
1i
FRANCE
U. S. FEDERAL FUNDS
i;
i
JAPAN
(
2'
2C
16
SWITZERLAND
-
CANADA
1
12
8
4
-
-
+
0
4
I
I
I
I
I
I
'
,
I IIIIIIIIII
20
16
"
12
1
-
-
GERMANY
8
A—-A
4
0
I
1983
1985
I
I
I
I
1983
I
„
u W
n h i l n l M
1985
1
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
18
16
20
-
-
14
12
-
U. S. C D ' S
CANADIAN FINANCE CO
PAPER
10
v
-
-
WEIGHTED AVERAGE
FOREIGN RATE
i
i
GERMAN INTERBANK RATE
U.K. INTERBANK STERLING
SWISS INTERBANK RATE
JAPANESE BANK
LOANS AND DISCOUNTS
1983
1985
1983
1985
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
ENT PER ANNUM
PERCENT PER AL
24
20
OVERNIGHT
3-MONTH
16
12
8
4
24
20
7-DAY
6-MONTH
1-MONTH
1-YEAR
16
12
8
4
24
20
16
12
8
4
1983
1985
1983
1985
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
PERCENT PER ANNUM
20
22
18
16
-
14
FEDERAL FUNDS
DASHED LINE
3-MONTH
12
E U R O - D O L L A R DEPOSITS
10
8
-
OVERNIGHT
E U R O - D O L L A R DEPOSITS
6 —
9 0 - D A Y CD' S
11
I i i I m
I i 1111
I i i I i i
n
DIFFERENTIAL
I 1 I 1 I I I I I I I
DIFFERENT IAL
+
0
11111111111
1983
1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E
ii111111111
1985
I
I
1983
I
I I I I I I II
I I I
I I I II
I I I I I I
1985
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER AN
R PER ANNUM
22
22
18
18
CANADIAN FINANCE
CO. PAPER, COVERED
EURO-DOLLAR DEPOSITS
14
14
DASHED LINE
10
10
6
INTERBANK STERLING
COVERED LONDON
6
U. S. COMMERCIAL PAPER
2
2
4
2
2
DIFFERENTIAL
DIFFERENTIAL
+
0
~v
-
"
S
y
+
0
2
2
4
22
22
18
18
14
SWISS INTERBANK (SF) COVERED
INTERBANK DM
14
COVERED FRANKFURT
10
10
EURO-DOLLAR DEPOSITS
6
6
EURO-DOLLAR DEPOSITS
DASHED LINE
DASHED LINE
_LL
2
2
2
2
DIFFERENTIAL
DIFFERENTIAL
+
k
0
illiiIiiIiiliiIi
2
1983
A
— __
1985
N
A ^
.
+
0
V-'
111 I I I I I I 11
1 1 1
1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E
I
j
1983
1985
2
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
19
19
~
•
UNITED STATES
15
•
CANADA
11
I
7
15
•
I
I
1
1
1
11111111 I n
—
—
UNITED KINGDOM
11
-
L
.
—
•
1
1
SWITZERLAND
—
—
-
* |
7
13
-
-
1
1
1
1
u l i Mi ill i
—
111 M 1 i i 111
i
i
i
1
1
1
1
—
MONTHLY
GERMANY
-
JAPAN
13
-
—
I
I
I
I
I
I
5
22
*
22
U. S.
CORPORATE
MONTHLY
•
18
-
18
-
FRANCE
Aaa BONDS
#
—
14
-
X
—
-
14
-
NETHERLANDS
MONTHLY
#
-
10
-
6
•
I
I
I
I
I
1983
I
I I I I I I III I I
1985
I
I
1983
I
1985
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
iCALE
RATIO
196
00
UNITED STATES
UNITED KINGDOM
yV
140
-
100
I
I
I
I
I
I
220
180
NETHERLANDS
140
SWITZERLAND
100
80
220
180
FRANCE
140
GERMANY
100
-
80
320
280
CANADA
240
JAPAN
200
160
120
1983
1985
1983
1985
LAST VALUE PLOTTED
DATE
VALUE
SERIES SAME
CHART 1, SPOT EXCHANGE BATES AMD INDICES
WEEKLY AVERAGES, NOON BUYING SATES
(U.S. CENTS)
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U. K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
10
10
10
10
10
10
10
10
10
10
31.66
0.39247
28.05
120.36
72.77
10.37
37. 49
1. 57336
0.04969
10.97
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
10
10
10
10
10
10
10
10
10
89. 06
102. 76
80.51
48.68
72.53
46.75
120.62
62.00
28.23
10
10
10
10
10
10
10
10
10
10
10
152.40
129.45
149.45
113.07
65. 14
101. 13
62.00
170. 58
85.71
36.62
66. 77
10
10
10
10
10
10
10
10
-1.27
-4.02
2. 99
-1.84
3.43
2.04
2.75
-5. 48
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 = 100
<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
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
CHART 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
SERIES NAME
LAST VALUE PLOTTED
DATE
VALUE
CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING
U.S. DOLLARS PER FINE OUNCE
APRIL 10
322. 37
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
10
10
10
10
10
10
10
10
10
8.45
8.40
13.13
10.25
5. 80
6. 19
10.53
6. 83
3.00
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
10
10
10
10
10
10
10
8.75
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
10
10
10
10
10
10
CHART 4. CALL MONEY RA1ES
U.S. FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR DEPOSITS
U. K.
CANADA
GERMANY
JAPAN
FRANCE
NETHERLANDS
SWITZERLAND
CHART
3—HON Til INTEREST RATES
U.S. 90-DAY CD'S, SECONDARY MARKET
GERMAN INTERBANK LOAN
J A P A N E S E BANK LOANS 6 DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN INTEREST RATE
{G-10 COUNTRIES PLUS SWITZERLAND)
6. 10
6.31
10.36
13.19
5.63
8.84
CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
8.40
8.63
8.69
8.99
9.40
10. 11
CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS
U.S. FEDERAL FUNDS
DIFFERENTIAL
APRIL 10
APRIL 10
APRIL 10
8. 40
8. 45
-0. 05
3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 90-DAY CD'S, SECONDARY MARKET
DIFFERENTIAL
APRIL 10
APRIL 10
APRIL 10
8. 99
8. 75
0 , 23
SB8IBS NAME
LAST VALDE PLOTTED
DATE
fALOE
CHART 3. INTEREST ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT
„„eBen
INTERBANK STERLING (LONDON)# COVERED
DIFFERENTIAL
M.S. COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFORT), COVERED
DIFFERENTIAL
EORG-DOLLAR DEPOSIT
SSI5S INTERBANK, COVERED
DIFFERENTIAL
APRIL 10
APRIL 10
APRIL 10
8.99
9.04
- 0 . 05
APRIL 10
APRIL 10
APRIL 10
8. 63
9.06
- 0 . 43
APRIL 10
APRIL 10
APRIL 10
8.99
9.13
- 0 . 14
APRIL 10
APRIL 10
APRIL 10
8.99
9.11
-0.12
CHAKT 9, LONG TERM GOVERMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
APRIL
MARCH
JAN.
MARCH
MARCH
MARCH
DEC.
APRIL
5
29
22
22
29
5
11.71
7.37
6.29
4. 89
12.16
12. 28
7.72
10. 15
U.S. CORPORATE
AAA BONDS
CHART 10.
STOCK INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
12.13
FEB.
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
3
3
3
3
3
3
3
3
184.51
210.29
257.54
177.30
140.01
197.33
217.05
264.34
m
FEDERAL RESERVE statistical release
•-WW"
APRIL 12, 1965
H.10 (612)
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
APRIL 1 2 , 1985
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 rates In New York City for cable transfers payable In foreign currencies:
COONTBY
MONETARY
UNIT
DOLLAR
•AUSTRALIA
SCHILLING
AUSTRIA
FBANC
BELGIUM
CRUZBIBO
BRAZIL
DOLLAR
CANADA
YUAN
CHINA,P. B.
KRONE
DENMARK
MARKKA
FINLAND
FRANC
FBANCS
D. HARK
GERMANY
DRACHMA
GBBBCB
DOLLAR
HONG KONG
RUPEE
INDIA
POUND
•IRELAND
SHEKEL
ISRAEL
LIRA
ITALY
YEW
JAPAN
RIN6GIT
MALAYSIA
PESO
MEXICO
GUILDER
NETHERLANDS
DOLLAR
NEW ZEALAND
KRONE
NORWAY
PESO
PHILIPPINES
ESC0DO
PORTUGAL
DOLLAR
SINGAPORE
BAND
•SOUTH AFRICA
WON
SOUTH KOREA
PESETA
SPAIN
RUPEE
SRI LANKA
KHOWA
SWEDEN
FRANC
SWITZERLAND
DOLLAR
TAIWAN
BAHT
TBAILAND
•UNITED KINGDOM POUND
BOLIVAR
VENEZUELA
MEMO:
•UNITED STATES
DOLLAR
APR.
65.25
- 22.230
63.650
4450.00
1.3725
2.8560
11.3550
6.5750
9.6525
3.1640
136.000
7.8020
12.0000
(CUEBEBCX 0 P I I 5 PES pGLLAR[
APR. 10
APR.
66.75
22.220
63.300
4450.00
1.3720
2.8580
11.2625
6.5515
9.5875
3.1410
137.500
7.8005
12.5700
99.60
NA
67.05
22.025
63.050
4450.00
1.3743
2.8523
11.2240
6.5335
9.5610
3.1350
136.450
7.7990
12.6000
NA
NA
100.00
NA
2001.00
254.25
2.5180
243.7500
3.5410
45.150
9.0310
NA
176.500
2.2320
50.50
861.90
175.550
27.042
9.0805
2.6530
39.600
27.650
121.50
NA
152.60
151.80
151.49
98.90
NA
2015.00
255.50
2.5300
248.0000
3.5700
45.250
9.0650
NA
176.000
2.2375
49.85
860.20
177.000
27.042
9.1075
2.6660
39.630
27.630
120.10
1978 FEDERAL RESERVE BULLETIN.
•VALUE I S U.S. CENTS
8
2002.00
254.90
2.5265
245.5000
3.5525
45.050
9.0500
NA
176.500
2.2370
50.50
862.20
176.600
27.042
9.0875
2.6530
39.630
27.600
121.00
APR.
11
67.25
21.650
61.850
4450.00
1.3665
2.8523
10.9900
6.4450
9.3875
3.0735
134.800
7.7960
12.4500
APR. 12
66.95
21.490
61.600
NA
1966.00
251.70
2.4875
244.5000
3.4760
45.600
4450.00
1.3645
2.8381
10.9650
6.3875
9.3375
3.0600
133.500
7.7900
12.3000
102.35
NA
1951.50
251.35
2.4825
244.5000
3.4600
45.650
NA
174.500
2.2170
52.10
861.40
172.850
27.063
8.9350
2.5930
39.610
27.620
125.10
NA
NA
173.000
2.2170
52.45
860.90
171.450
NA
8.9225
2.5690
39.620
27.380
125.45
NA
102.00
8.8600
148.82
8.8200
148.23
@FedFRASER