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<s~< (516/517) •I i Selected Interest & Exchange Rates Weekly Series of Charts $ t April 16, 1984 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 t o 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 RATESH.I0 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES a 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 a 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 1973=100 RATIO SCALE MARCH 1973=100 160 140 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 140 120 120 100 100 80 80 120 240 100 CANADIAN DOLLAR SWISS FRANC 200 80 160 60 120 180 180 160 160 GERMAN MARK 140 140 DUTCH GUILDER 120 120 100 100 120 120 100 100 FRENCH FRANC U K POUND 80 80 60 60 50 16p 140 BELGIAN FRANC ITALIAN LIRA 60 120 100 80 40 60 30 1982 1984 1982 1984 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 ITALIAN LIRA CANADIAN DOLLAR - -—% - v v I U I v I A& J 24 1 1 1 - iDUTCH GUILDER fr ILI. K. POUND - 6 9 I I I I I I 12 : y GERMAN MARK T\ I I ill I l u l l I AAA I I lllllllllll 1 LlilJllJj L 15 A SWISS FRANC - - I I I I I I ,, ,, I I I I I I nlii hill i FRENCH FRANC Yuy 1982 JAPANESE YEN 1984 6 1982 1984 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 550 600 — — 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - - 500 450 - - 450 400 — - 400 350 - - 350 300 — - 300 I I I I I I I I I I 250 1961 1982 1983 I I I I I I I I I 1984 250 CHART A CALL MONEY RATES WEEKLY SERES PERCENT PER ANI VT PER ANNUM 28 ; 24 20 U. S. FEDERAL FUNDS \ a FRANCE zr 16 W " - 12 JAPAN 8 i 4 I I I I I 24 20 EURO-SWISS FRANC 16 12 8 NETHERLANDS 4 + 0 24 20 16 U. K. 2-DAY LOCAL AUTHORITY GERMANY 12 EURO-DM 8 4 1982 1984 1982 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 22 24 U.S. CD S CANADIAN FINANCE CO PAPER WEIGHTED AVERAGE FOREIGN RATE h 16 'U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 i 8 i i I I I 11 SWISS INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS 7 - 1982 1984 1982 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM :ENT PER ANNUM 24 OVERNIGHT 3-MONTH 7-DAY 6-MONTH # 24 - - 1-MONTH - 1-YEAR - — - - — - I 1982 1984 I I I 20 I 1982 I 11111111111 I II I II III II 1984 16 • 8 4 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 26 26 3-MONTH FEDERAL FUNDS EURO-DOLLAR DEPOSITS OVERNIGHT 9 0 - D A Y CD S EURO-DOLLAR DEPOSITS i \ 1DIFFERENTIAL - 1 DIFFERENTIAL M.ill I n I i ! i /\ / w L v i i i I X / VVvv WA . ^ 11111111111 1982 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE h ^ " 11111111111 1984 i i i I I I 1982 11111111111 11111111111 1984 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 EURO-DOLLAR DEPOSITS 20 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 12 12 INTERBANK STERLING COVERED LONDON - U. S. COMMERCIAL PAPER 4 2 DIFFERENTIAL - DIFFERENTIAL Q / x W / v ^ — —'V nKvWA/fyV 2 I I I ill ill ill I I 28 4 28 20 SWISS INTERBANK (SF) COVERED INTERBANK DM - 20 - 12 COVERED FRANKFURT 12 i v\ EURO-DOLLAR D E P O S I T S ^ . EURO-DOLLAR DEPOSITS DASHED LINE -DASHED LINE I DIFFERENTIAL I I I I I # 11111111111 DIFFERENTIAL - M/v I I 1982 I 1984 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANI R PER ANNUM 19 19 :ANM>A UNITED STATES 15 - 15 11 11 i nliiliiln 7 i 1 i 1 1 I I I I I I II I I I nliiliiln 7 9 15 SWITZERLAND — 5 11 i " i " 111111 7 i 1 t 1 1 u l i H i l l ii ill ill ill11 1 13 13 6EMMNY 9 9 ||ih I 5 22 I 1 I 1 1 ™ 5 lllllllllll 22 U. S. CORPORATE MONTHLY FRANCE 18 18 A M BONDS 14 14 EURO-DOLLAR BONDS ^ 10 10 NETHERLANDS MONTHLY 6 l l 1982 Illlil111 III it 11111 t i l l I 1984 1982 1984 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES, RATIO 1 196 RATIO CALE 1969= DO 240 200 JAPAN UNITED STATES / — 160 120 - I I I I I I 210 170 UNITED KINGDOM FRANCE 130 90 70 190 150 GERMANY SWITZERLAND NETHERLANDS CANADA 110 70 180 140 - 100 80 — 60 I 1982 1984 I I I I 1982 I 1984 SERIES CHART 1. SPOT MEEKLY LAST VALUE PLOTTED DATE VALUE NAME EXCHANGE BATES AND I N D I C E S AVERAGES, NOON BUYING BATES (U.S. CENTS) A P R I L 11 A P R I L 11 A P R I L 11 A P R I L 11 A P R I L 11 APRIL 1 1 APRIL 1 1 A P R I L 11 A P R I L 11 APRIL 11 GERMAN MARK J A P A N E S E YEN DUTCH GUILDER O . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA INDICES, MARCH 1 9 7 3 BASE RATES = APRIL APRIX APRIL APRIL APRIL APRIL APRIL APRIL APRIL WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA S W E D I S H KRONA # 3 - M O N T H FORWARD EXCHANGE B A T E S , CANADIAN DCLLAE U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA 1. 12. 100 GERMAN MASK J A P A N E S E YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S S I S S FRANC BELGI A N FRANC ITALIAN LIRA HART 2 . 3 8 . 13 0. 44472 3 3 . 80 1 4 3 . 08 7 8 . 20 1 2 . 39 4 6 . 01 86534 0. 06159 84 MAR 1 9 7 3 = 11 11 11 11 11 11 11 11 1 1 107.27 116.44 97.03 5 7 . 87 77.94 55.85 148.02 73.50 34.99 100 A P R I L 11 APRIL 11 A P R I L 11 A P R I L 11 A P R I L 11 APRIL 11 A P R I L 11 A P R I L 11 APRIL 11 APRIL 11 A P R I L 11 129.12 138.34 148.54 120.06 68.27 94.94 65.37 184.12 89.37 40.09 68.68 PREMIUM OR D I S C O U N T A P R I L 11 APRIL 11 APRIL 11 APRIL 11 APRIL 11 A P R I L 11 A P R I L 11 APRIL 11 0.24 2.11 5.15 -2.72 7.31 4.63 4.62 - 5 . 35 LAST VALUE PLOTTED DATE VALUE S E B I E S NAME CHART 3 . GOLD P R I C E I N U.S. CHART 4 . LONDON, AFTERNOON F I X I N G APRIL DOLLARS PES F I N E OUNCE 11 381.94 CALL HOMEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5 . APRIL 11 A P R I L 11 6 APRIL FEB. 24 6 APRIL APRIL 13 6 APRIL 6 APRIL 1 JAN. APRIL 13 10.13 10.19 8.38 9.41 A P R I L 11 A P R I L 11 A P R I L 11 APRIL 1 1 A P R I L 11 A P R I L 11 A P R I L 11 10.39 5.81 6.25 10.74 8.84 3.54 8.46 11 10.19 10. 50 10.58 5.50 5 . 16 6.19 12.50 10.30 1.65 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E EANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR D E P O S I T R A T E S : LONDON APRIL APRIL APRIL APRIL APRIL APRIL OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . 11 11 11 11 11 10.80 11.06 11.56 MONET MARKET RATES OVERNIGHT EURO-COLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS APRIL 11 A P R I L 11 A P R I L 11 1 0 . 19 1 0 . 13 3-MONTH EUBO-DOLLAB DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL APRIL 11 APRIL 11 A P R I L 11 10.80 0.06 10.39 0.41 + SEMES CHART 0 . INTEREST NAME ARBITRAGE, 3-MONTH PONDS APRIL 11 A P R I L 11 A P R I L 11 10. 80 10. 99 - 0 . 19 U , S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL APR11 11 APRIL 11 APBIJL 1 1 1 0 . 18 10. 98 - 0 . 80 EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL APRIL APRIL APRIL 11 11 11 1 0 . 80 11. 04 - 0 . 24 EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL APRIL APRIL APRIL 11 11 11 1 0 . 80 1 0 . 91 — 0 . 11 APRIL MARCH MARCH MARCH FEB. FEB. NOV. APRIL 6 30 12.61 EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), DIFFERENTIAL CHART 9 . U.S. COVERED LONG TERM GOVEBMEM BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 30 24 10 6 7.90 6.64 4 . 56 12.10 13.71 8.57 9.76 CORPORATE AAA BONDS EURO-DOLLAR CHART LAST VALIJF PLOTTED DATE VALUE 10. BONDS 12.57 10.29 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN MARCH NOV. APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 4 4 4 4 4 4 4 4 1 6 4 . 70 190. 61 2 3 2 . 54 148. 88 1 2 4 . 49 1 5 6 ., 9 8 168. 85 2 2 9 .,88 FEDERAL RESERVE statistical release H. 1 0 ( 5 1 2 ) APRIL FOREIGN EXCHANGE RATES FOB THE SEEK ENDING APRIL 13, 13, 198U 1984 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: MONETARY UNIT COUNTRY DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND SHEKEL LIRA YEN RINGGIT PESO GUILDER DOLLAR • NEW Z E A L A N D KRONE NORWAY PESO PHILIPPINES ESCUDO PORTUGAL DOLLAR SINGAPORE RAND •SOUTH AFRICA WON SOUTH KOREA PESETA SPAIN RUPEE S R I LANKA KRONA SWEDEN FRANC SWITZERLAND DOLLAR TAIWAN BART THAILAND • U N I T E D KINGDOM POUND BOLIVAR VENEZUELA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.Re DENMARK FINLAND FRANCE GERMANY GREECE BCNG KONG INDIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS MEMO: • U N I T E D STATES DOLLAR APR. 9 91,30 18.503 53.780 1376.00 1.2797 2.0846 9.6650 5.6075 8.1000 2.6305 104.000 7.8020 10.7800 116.20 161.290 1628.00 225.50 2.2940 177.8500 2.9682 65.850 7.5675 14.2500 133.200 2.0930 80.00 796.30 149.700 25.130 7.8020 2.1760 NA 23.010 142.50 14.1000 129.49 (CURRENCY UNI1PS PER DOLLAR] APR. 1 1 A P R . 10 91.85 18.455 53.530 1376.00 1.2785 2.0846 9.6300 5.6210 8.0525 2.6185 104.320 7.8005 10.8000 116.80 163.060 1621.00 225.18 2.2925 178.4000 2.9540 65.900 7.5450 14.2500 133.750 2.0880 80.30 795.40 150.050 25.130 7.7850 2.1695 39.840 23.010 143.70 14.2500 128.94 92.65 18.355 53.350 1376.00 1.2778 2.0846 9.5975 5.5910 8.0250 2.6095 104.150 7.8005 10.8000 117.42 166.320 1615.00 222.70 2.2875 179.3500 2 . 9 4 50 66.400 7.5200 14.2500 133.500 2.0830 81.00 795.90 149.950 25.130 7.7675 2.1655 NA 23.010 ' 143.60 14.2500 128.48 APR. 12 APR. 13 91.88 18.445 53.550 1376.00 1.2785 2.0846 9.6240 5.5960 8.0575 2.6180 104.000 7.8040 10.8000 116.85 166.300 1623.00 224.10 2.2885 179.2000 2.9535 66.050 7.5425 14.2500 133.250 2.0830 80.55 794.90 148.840 25.130 7.7875 2.1715 MA 23.010 142.90 14.2500 91.77 18.480 53.700 1376.00 1.2787 2.0846 9.6500 5.6200 8.0820 2.6255 104.050 7.8070 10.8000 116.55 167.980 1626.00 224.70 2.2880 180.5000 2.9645 65.950 7.5700 14.2500 133.700 2.0830 80.45 795.20 149.170 25.130 7.8000 2.1765 39.810 23.010 142.90 14.3600 128.97 129.25 • I I D E X OF WEIGHTED AVEBAGE EXCHANGE TALOE OF U . S . DOILAB AGAINST CORBENCIBS OF OTHEB G - 1 1 C O U N T R I E S . i l B C H 1 9 7 3 - 1 0 0 . H E I G H T S ARE 1 9 7 2 - 7 6 GLOBAI TRADE OF EACH OF THE 1 0 C 0 0 H T B I B S . S E R I E S B l f l S E D AS OF AOGOST 1 9 7 8 . FOB D E S C R I P T I O N AND BACK DATA, SEE " I N D E X OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: R E V I S I O N * ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FFDFBAI RESERVE B U L L E T I N . •VAtOE I S U.S. CENTS
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