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(516/517) B A T * FICB v LIBRARY AL RESERVE BANS BE CHICAGO X 4°/p S " 4 A . )n % < * % . Selected Interest & Exchange Rates Weekly Series of Charts April 2, 1984 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 y I # 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 1973=100 RATIO SCALE MARCH 1973=100 160 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 140 - 120 100 I I I 80 240 CANADIAN DOLLAR SWISS FRANC 200 160 . I 180 160 I I ^ v i i : i — — GERMAN MARK 140 120 100 -sr I i V/ I I DUTCH GUILDER I I „ 111111111111 FRENCH FRANC UK. POUND > 80 - 80 BELGIAN FRANC 70 ITALIAN LIRA 60 50 40 1 . 1 1 1982 1984 I I 1982 I 30 1984 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 6 PERCENT PER ANNUM — 24 CANADIAN DOLLAR VA VM i i - i I I I ITALIAN LIRA - 11111111111 24 [L - DUTCH GUILDEF U. K. POUND -I J v \ + 0 6 9 I I I I I I 11111111111 I I I I I I I IIIIIIIIII I IIIIIIIIII 12 6 15 SWISS FRANC GERMAN MARK ~i A f \ — - I I I i ill i h i l i i 16 FRENCH FRANC - 12 - 8 — 4 JAPANESE YEN 16 24 32 i n 1982 I I I III I I I I I 1984 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 600 600 550 - 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - 500 450 - 450 400 - 400 350 - - 300 - 300 "I I I I I I I 250 350 1981 1982 1983 250 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 28 '4 \ a V - 16 1 - 12 FRANCE - U. S. FEDERAL FUNDS 20 ir ir -V - JAPAN 1 | | 1 8 4 1 1 1 1 1 1 1 1 1 1 i l l1 i1i h 1ill i 0 24 CANADA 20 EURO-SWISS FRANC 16 12 NETHERLANDS 0 I I ^ I 20 16 U. K. 2-DAY LOCAL AUTHORITY 1 GERMANY — 12 i — 1EURO-DM .1 1982 1984 1 1 1 1 * 1 1982 si- * "-'Vs.. j* n l n h i l M 1984 . CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM 22 — PERCENT PER ANNUM 24 U.S. CD'S CANADIAN FINANCE CO. PAPER WEIGHTED AVERAGE FOREIGN RATE — I — I I I I I I I 11 I I I I |— IUA UK. INTERBANK STERLING 16 — III I IIII I I I I | - * M 12 GERMAN INTERBANK RATE - 12 V 8 1 1 1 I I . - I II I 11 I I I l I I I I I I I I I |4 | 12 I SWISS INTERBANK RATE - JAPANESE BANK LOANS AND DISCOUNTS IV - - I I I I I 1982 I •I I I I I I I I ll 11 11 1984 III 1982 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNU 24 24 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR LLJ 1982 1984 1982 1984 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 FEDERAL FUNDS 3-MONTH EURO-DOLLAR DEPOSITS VI OVERNIGHT v 90-DAY CD' S EURO-DOLLAR DEPOSITS I I I I I I I I DIFFERENTIAL | . j y In IVfl ! J i DIFFERENTIAL Ijlaavl I i i i uy »v w v u v v v j lw I I I I I I I I 11111111111 III 1982 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE v ^ • 1984 i i i I I 1982 I I I I I 11 I I 111 " I I I I I I I I I I I 1984 + 0 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 EURO-DOLLAR DEPOSITS 20 DASHED LINE - 20 - 12 CANADIAN FINANCE CO. PAPER, COVERED 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER III 4 II 2 - DIFFERENTIAL DIFFERENTIAL ' /V ~ 11 i i I i I — 0 __ I 4 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 - 20 - 12 COVERED FRANKFURT i w 12 EURO-DOLLAR DEPOSITS^ EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE - I I I I I I * l l l l l l l l l l l DIFFERENTIAL DIFFERENTIAL - Ml i i 1982 " i 1984 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE , . 'vVvAy^v^ Ma i l l I I 1982 ^V I 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 19 CANADA . I UNITED STATES 15 — N - \l - 11 11 I I I I I I I 1 1 1 I I I IIIIIIIIII 15 — fj 11 V « UNITED KINGDOM SWITZERLAND — — - — 7 15 I I I I I I " I I I II I I I I I I I I I I I I MONTHLY GERMANY JAPAN - - I 22 | — U. S. CORPORATE I I I I ! MONTHLY 18 FRANCE - - Aaa BONDS 14 - EURO-DOLLAR BONDS x -\ 10 —• NETHERLANDS — \ MONTHLY I 1982 1984 M I I 1982 I II I I i l l i l l ! iihiliiin 1984 H CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 240 24# 200 UNITED STATES - 160 JAPAN - ^ - - 120 - f ~ >X 160< - 1 1 1 1 1 210 ? 1 2004 120 i I I I I I I Mh.lMl.. I IIIIIIIIII — 210 — J 170 — - UNITED KINGDOM - . 130 A /VV/ 170 FRANCE VV> M - 130 90 — - l 70 I I I I I 111 n i l 1111 I I I I I I 90 70 190 190 150 110 ^ A , GERMANY - - — SWITZERLAND - - - - 150 - 110 T 70 180 I I I I I I i i h i l n h i Illl I — I I I I I l l l l l l l l l l l IIIMIMIH — — NETHERLANDS 360 - 140 __ CANADA — - 100 - i/ — 80 60 - I I I I I 1982 I lllllllllll lllllllllll. 1984 70 280 200 - 160 I I I I I 1982 I lllllllllll 1984 120 SERIES CHART 1. S P O T WEEKLY LAST VALUE PLOTTED DATE VALOB NAME EXCHANGE RATES AND INDICES AVERAGES, NOON BUYING BATES (U.S. C E N T S ) GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA S W E D I S H KfiONA INDICES, HABCH 1973 EASE BATES = WEIGHTED AVERAGE EXCHANGE VALUE INDICES, (G-10 C O U N T R I E S P L U S S W I T Z E R L A N D ) HAH 1973 = U.S. DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OB CANADIAN DOLLAR U.K. POUND G E R M A N MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA 28 28 28 28 28 28 28 28 28 28 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 28 28 28 28 28 28 28 28 28 107.64 116.28 97.50 58.30 • 78.02 56.08 148.75 73.89 35.08 28 28 28 28 28 28 28 28 28 28 26 128.63 136.72 147.81 120.30 68.60 94.74 65.45 184.48 89.59 40.08 68.84 28 28 28 28 28 28 28 28 0.19 1.86 5. 10 -3.91 6.97 4.57 4.42 -6.01 38.34 0.44409 33.96 144.15 78.28 12.45 46.24 1.87514 0.06176 12.91 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 100 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH DISCOUNT MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH SERIES CHART 3. G O L D U.S. . PBICE DOLLARS CALL MONEY IN L O N D O N , A F T E R N O O N PER . FIXING FINE OUNCE 3-MONTH INTEREST DEPOSITS 6. EURO-DOLLAR DEPOSIT RATES: 7. S E L E C T E D EURO-DOLLAR OVERNIGHT EURO-DOLLAR U.S. FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR AND U.S. HONEY MARCH MARCH MARCH FEB. MARCH MARCH MARCH MARCH JAN. MARCH 28 28 23 24 23 30 23 23 1 30 9.97 10.01 8.63 9.41 £.50 5.24 6.50 12.50 10.30 1.75 MARCH MARCH MARCH MARCH MARCH MARCH MARCH 28 28 28 28 28 28 28 10.37 5.83 6.25 10.69 8.86 3.82 8.51 MARCH MARCH MARCH MARCH MARCH MARCH 28 28 28 28 28 28 10.01 10.68 10.45 10.68 10.95 1 1.45 M A R C H 28 M A R C H 28 M A R C H 28 10. 01 9. 9 7 0. 04 M A R C H 28 MARCH 28 M A R C H 28 10. 68 10. 3 7 0. 31 MARKET RATES DEPOSITS BESEBVE 3-MONTH EURO-COILAR DEPOSIT U.S. 90-DAY CD'S, SECONDARY DIFFERENTIAL 387.85 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 28 RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E BANK L O A N S S D I S C O U N T S C A N A D I A N F I N A N C E PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED A V E R A G E FOREIGN INTEREST RATE (G-10 C O U N T R I E S P I U S S W I T Z E R L A N D ) CHART MARCH RATES U.S. F E D E R A L FUNDS OVERNIGHT EURO-DOLLAR U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART L A S T VALUE PLOTTI DATE VALUE NAME REQUIREMENTS RATE MARKET SERIES CHART 8. INTEBEST NAME ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAB DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPES, COVERED DIFFERENTIAL EURO-DOLLAR DEPOSIT I N T E R B A N K DM ( F R A N K F O R T ) , C O V E R E D DIFFERENTIAL EUBO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL CHART 9. LONG LAST VALUE PLOTTED DATE VALUE TERM G O V E B M E N T UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 10.68 MARCH 28 MABCH 28 MARCH 28 10.77 -C.09 M A R C H 28 MARCH 28 MARCH 28 10.13 10.89 - 0 . 76 M A B C H 28 M A B C H 28 M A R C H 28 11.01 M A R C H 28 M A R C H 28 M A R C H 28 10.68 -0.33 10.68 10.86 - 0 . 18 BOND YIELDS MARCH MARCH FEB. MARCH FEB. OCT. NOV. MABCH 23 16 2 24 28 23 12.46 7.82 6.92 4.56 12.10 14.17 8.57 9.69 U.S. C O R P O R A T E AAA B O N D S EURO-DOLLAR CHART 10. STOCK BONIS 10.29 INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHEBLANDS FRANCE JAPAN 12.08 FEB. NOV. MARCH MARCH MARCH MARCH MARCH MARCH MARCH MABCH 21 21 21 21 21 21 21 21 165.55 198.18 237.75 151.07 122.75 158.06 162.41 216.62 FEDERAL RESERVE statistical release H. 10 (512) B I R C H 3 0 , 1984 FOREIGN EXCHANGE RATES FOB T H E WEEK EiDING H1BCH E 30, 1964 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: HOBETABY OMIT CCUNTBY •AUSTRALIA A0S1BIA BELGIUM BBAZIL CANADA CHINA,P.B. DENHABK FINLAND FBANCE GEBMANY GREECE HCNG KONG INDIA •IRELAND ISBAEL ITALY JAPAN MALAYSIA MEXICO NETBERLANDS •NEW Z E A L A N D NOBNAY PHILIPPINES PGBTUGAL SINGAPORE •SOUTH AFRICA SOOTH KOBEA SPAIN SBI LANKA SNEDEN SNITZEBLAND TAINAN THAILAND •UNITED KINGDOM VENEZUELA BEMC: •UNITED S T A T E S 1978 fEDBBAL DCLLAB SCHILLING FBANC CBUZEIBO DOLLAB YUAN KBCNE HABKKA FBANC D . MABK DBACHMA DCLLAB BOPEE POUND SHEKEL LIRA YEN BINGGIT PESO GUILDER DOLLAR KRONE PESO ESCUDO DCLLAB BAND BON PESETA RUPEE KBONA FBANC DCLLAB BABT POUND BOLIVAB DOLLAB BBSBBVB • V1LOE IS 0.5. C U T S B A B . 26 95 20 18 280 53 180 1311 00 2774 2 . 0847 9. 5350 5.6455 0075 .5995 103..150 7 ..7970 .7500 117. 150..420 1. 8. 2. 10. .60 1616..00 2 2 4 ..67 .2900 174..1000 .9340 66..650 7..5225 .2500 14. 132..750 2. 2. 2.08*0 81 .00 7 9 5 60 149 9 7 0 25 170 7 7350 2. 1 5 7 0 39 9 6 0 23 .010 144 7 5 13 6000 128.27 BULLETX*. C U B B E N C Y U N I T S FEB DCLLAB) BAB. 28 H A B . 27 94 8 5 18.185 52. 910 1311. 00 1. 2791 0743 9. 5075 5.5540 7.9700 5885 102. 5 0 0 7. 7955 7300 118.3 8 150. 4 2 0 1610. 5 0 2 2 4 . 45 2870 174. 0000 9220 66. 7 5 0 7.,5025 14.,2500 132-,250 2.0795 8 1 60 794 60 149 480 25 . 1 7 0 7 7050 2. 1 5 2 2 40 000 2 3 .010 144 7 0 14 5 0 0 0 2. 2. 10. 2. 2. 127.92 93. 78 18.253 53. 0301311. 00 1. 2793 0743 9.5300 5. 5640 7. 9 8 2 5 5915 103. 150 7. 8150 10.7400 118.15 152. 380 1E15. 00 2 2 4 . 70 2. 2930 174. 5 0 0 0 9265 66. 5 0 0 7. 5075 14. 2500 132. 400 2. 2. 2. 2.0860 80.,40 793. 60 149.,310 25. 170 7.,7250 .1580 40.,000 23..010 ' 144.,65 14..5000 2. 128.10 HAB. 29 HAB. 3 0 93.87 18.190 52.930 1311.00 1.2792 2.0639 9.4850 5.5535 7.9650 2.5855 9 3 . 62 18. 265 53. 130 1335. 00 2766 0639 9. 5200 5. 5710 7. 9900 2.5940 103. 250 7. 8170 10.7600 117. 95 153. 680 1615. 00 224, 75 2< 2915 176. 2500 2. 9285 66. 380 7 5100 14, 2500 132. ,500 102.800 7.8050 10.7000 118.30 152.380 1618.00 224.05 2.2920 174.8000 2.9195 66.650 7.4890 14.2500 131.750 2.0850 60.50 793.90 148.000 25.170 7.7015 2.1440 #A 23.010 145.10 14.5000 127.84 1. 2. 2 ,0870 80 .80 7 9 2 .90 148 ,750 2 5 ,130 7 .7200 2 1525 39 .990 23 .010 143 75 14 1500 128.22
@FedFRASER