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5-110 (616/617) S •' ' LIBRARY K M R A L RESERVE B A M " APR 2 9 1 9 8 5 5S9M Selected Interest & Exchange Rates Weekly Series of Charts ' t ' April 22, 1985 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 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 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 CANADIAN DOLLAR SWISS FRANC GERMAN MARK DUTCH GUILDER — FRENCH FRANC U.K. POUND - 80 70 60 50 40 I I I I I I mIiiIiiIii I I I I I I I I I I I I 120 BELGIAN FRANC — 100 ITALIAN LIRA ~v/\ 80 V a " X . I 70 60 50 i i i I I 1983 I I I I I I I I I I I I 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 — 6 CANADIAN DOLLAR - — ITALIAN LIRA - - " V i i i i i i i i i 24 i 12 - A U. K. POUND — - DUTCH GUILDER A MARVl_ 6 I I 1 1 1 1 1 1 1 II 1 1 1 I y w 1 6 X w 1 1 1 1 1 1 1 1 1 II 1 1 1 1 0 II 1 1 1 1 1 1 12 — 12 - / GERMAN MARK iM L 1 yv 1 1 / ^ \\ 1 1 1 I - SWISS FRANC \ — 6 v A 111111111111 I I I I I 0 I 16 FRENCH FRANC 12 JAPANESE YEN III U 1983 1985 1983 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 - 320 360 - 320 280 — - 240 i i I i i I i i 1982 1983 1984 280 240 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES ENT PER ANNUM PERCENT PER AL FRANCE 16 U. S. FEDERAL FUNDS 12 8 JAPAN 4 0 24 20 16 — SWITZERLAND CANADA K — - 12 8 4 - - + 0 4 I , I I I I M I M I M I M 20 16 12 - GERMANY 8 Wy 4 T • Ji— j— *vW\ NETHERLANDS 0 1983 1985 1983 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES IT PER ANNUM PERCENT PER AN 20 — - \ \ — 18 - 16 CANADIAN FINANCE CO. PAPER 14 - 12 10 WEIGHTED AVERAGE FOREIGN RATE — I ill I I I I I I 8 6 14 12 GERMAN INTERBANK RATE 10 U.K. INTERBANK STERLING 8 6 4 12 10 8 SWISS INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS 6 4 2 0 1983 1985 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah :NT PER ANNUM 24 20 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 16 12 8 4 24 20 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 18 16 14 12 10 22 - Hi Vl — 20 — 18 16 FEDERAL FUNDS 1 DASHED LINE 3-MONTH E U R O - D O L L A R DEPOSITS \ — 1 1 14 DI OVERNIGHT 12 10 E U R O - D O L L A R DEPOSITS v / \/ 90-DAY CD' S 1 1 | 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 DIFFERENTIAL I I I I I I I I I I I 11 I IIIIIIIIII I IIIIIIIIII _LL DIFFERENT IAL - i i I i i I i i I i i I i i I i 11 i i 1983 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 P E R C E N T ON R A T E S C A L E 1985 1983 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM PERCENT PER Ah 22 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 10 INTERBANK STERLING 6 COVERED LONDON U. S. COMMERCIAL PAPER 2 4 2 DIFFERENTIAL DIFFERENTIAL 'V -f/VYWVF/V + 0 I 2 I I I I I 22 18 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS 6 DASHED LINE EURO-DOLLAR DEPOSITS DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL | + 0 I 2 1983 1985 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 P E R C E N T ON RATE S C A L E I I I I 1983 I 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERI :NT PER ANNUM PERCENT PER AL 19 19 UNITED STATES CANADA -Vvy | 15 - 11 15 11 - 7 7 15 9 UNITED KINGDOM SWITZERLAND — — 11 5 I 7 13 I I I I I I I I I I I I 11 I lii h i l i i 1 13 MONTHLY GERMANY - JAPAN - 9 9 i 5 i i I I I uli i hilt i 22 5 22 U. S. CORPORATE MONTHLY 18 18 FRANCE Aaa BONDS 14 14 NETHERLANDS MONTHLY 10 10 III I 6 1983 1985 6 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 260 220 UNITED STATES - - UNITED KINGDOM 180 140 - fW - - - |,, 100 220 180 NETHERLANDS 140 100 A y V f - AA/ - - y - SWITZERLAND - yvTV - - 80 - M l 220 — 180 - i i - i — yv ~ FRANCE 140 - - V GERMANY 100 - I I I 80 320 — 280 - 240 - I I I I I|II|II|II I I I I I I I I I I I — - H JAPAN M — 160 - - I I I 1983 - - — I I I CANADA — r* 200 120 - , , | , , 11111111111 1985 y I I 1983 I I I I I I I I I I I I 1985 SERIES CHART 1. SPOT WEEKLY L A S T V A L O E PLOTTED DATE VALUE NAME E X C H A N G E B A T E S AND I N D I C E S A V E R A G E S , NOON BUYING R A T E S (U.S. C E N T S ) A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 APRIL 17 A P R I L 17 APRIL 17 G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. POUND C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN F R A N C I T A L I A N LIRA S W E D I S H KRONA INDICES, MARCH 1973 BASE R A T E S = 100 W E I G H T E D A V E R A G E E X C H A N G E VALUE I N D I C E S , MAR (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) 17 17 17 17 17 17 17 17 17 92. 38 104.56 83.35 51.22 73. 16 48.49 126.17 64.24 29.20 A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 APRIL 17 APRIL 17 A P R I L 17 A P R I L 17 A P R I L 17 A P R I L 17 147. 53 131. 17 148.09 114.17 66.99 99. 31 62.76 174.01 86.61 36.94 66.75 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C "BELGIAN F R A N C ITALIAN LIRA U.S. DOLLAR G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N COLLAR FRENCH F R A N C SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA 32. 84 0.39933 29.03 126.65 73.41 10.76 39.22 1.63014 0.05140 11.25 1973 = 100 CHART 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 , PREMIUM OR D I S C O U N T C A N A D I A N DOLLAR U.K. POUND G E R M A N MARK FRENCH FRANC SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 17 17 17 17 17 17 17 17 - 1 . 19 -3.56 2. 79 -1.82 3.40 1.85 2.49 - 5 . 32 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3. GOLD PRICE IN L O N D O N , AFTERNOON FIXING APRIL 17 330. 85 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 10 17 17 17 17 17 17 17 17 8* 46 8. 48 13. 25 10. 25 5. 45 6. 09 10. 50 6. 55 2. 13 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 10 17 17 17 17 17 17 8. 55 6. 00 6. 29 10. 27 12. 54 5. 34 8. 71 APRIL APRIL APRIL APRIL APRIL APRIL 17 17 17 17 17 17 8. 48 8. 53 8. 58 8. 71 9. 03 9. 66 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL APRIL 17 APRIL 10 APRIL 10 8. 48 8. 46 02 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL APRIL 17 APRIL 10 APRIL 10 8. 71 8. 55 16 U.S. DOLLARS PER FINE OUNCE CHART 4. CALL HONEY BATES U.S. FEDERAL FUNDS O V E R N I G H T EURO-DOLLAR DEPOSITS U. K . CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET G E R M A N INTERBANK LOAN J A P A N E S E BANK LOANS S DISCOUNTS C A N A D I A N FINANCE PAPER INTERBANK STERLING INTERBANK LOAN SWI: W E I G H T E D AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET R A T E S 0. 0. L A S T V A L U E PLOTTED D A T E S E B I E S NAME V A 1 0 E CHART 8. I N T E R E S T A R B I T B A G E , 3—MONTH P O N D S EOBO-DOLLAR DEPOSIT I N T E R B A N K S T E E L I N G (LONDON), C O V E R E D DIFFERENTIAL APRIL 17 A P R I L 17 A P R I L 17 8. 71 8. 87 — 0* 16 U.S. C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL A P R I L 10 A P R I L 17 A P R I L 10 8. 43 9. 05 - 0 . 62 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL A P R I L 17 A P R I L 17 APRIL 17 8. 71 8. 83 - 0 . 12 E U R O - D O L L A R DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL APRIL APRIL APRIL 17 17 17 8. 71 8. 79 - 0 . 08 A P R I L 12 M A R C H 29 JAN. 5 APRIL M A R C H 22 APRIL 12 DEC. A P R I L 12 1 1.57 7. 37 6. 29 4. 89 12. 16 12. 21 7. 72 10. 08 C H A R T 9. L O N G TERM G O V E R M E N T BOND U N I T E D STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE N E T H E R L A N D S (MONTHLY) UNITED KINGDOM YIELDS U.S. C O R P O R A T E AAA B O N D S CHART 10. STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 12. 13 FEB. APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 10 10 10 10 10 10 10 10 184.74 211.12 260.05 179.17 140.34 196.61 218.05 261.23 .ftDERAL RESERVE statistical release • w APRIL H.10 (512) : 19, 1985 FQREIGN EXCHANGE RATES FOR THE WEEK E N D I N G APRIL 19, 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: COUNTRY MONETARY UNIT DOLLAR •AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM CRUZEIRO BRAZIL DOLLAR CANADA YUAN CHINA,P.R. KRONE DENMARK MARKKA FINLAND FRANC FRANCE D. MARK GERMANY DRACHMA GREECE DOLLAR BONG KONG RUPEE INDIA POUND •IRELAND SHEKEL ISRAEL LIRA ITALY YEN JAPAN RINGGIT MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR •NEW Z E A L A N D KRONE NORWAY PESO PHILIPPINES BSCUDO PORTUGAL DOLLAR SINGAPORE RAND •SOUTH AFRICA WON SOUTH KOREA PESETA SPAIN RUPEE \SRI L A N K A KRONA SWEDEN FRANC SWITZERLAND DOLLAR TAIWAN BAHT THAILAND •UNITED KINGDOl1 P O U N D BOLIVAR VENEZUELA MEMO: •UNITED STATES DOLLAR APR. 15 (CURRENCY U N I T S PER DOLLAB It APR. 16 APR. 17 APR. 18 APR. 19 67.00 21.268 61.030 4450.00 1.3630 2.8381 10.8500 6.3475 9.2400 3.0270 133.000 7.7820 12.2500 103.40 NA 1936.00 219.95 2.4675 245.0000 3.4290 45.650 8.7750 NA 172.500 2.2010 52.95 860.40 168.850 27.063 8.8575 2.5290 39.630 27.450 127.55 NA 66.60 21.290 61.100 4450.00 1.3600 2.8339 10.8670 6.3400 9.2450 3.0280 131.800 7.7820 12.2000 103.35 NA 1937.00 249.55 2.4460 245.0000 3.4260 45.650 8.7700 NA 170.500 2.1980 53.00 859.90 169.100 27.063 8.8575 2.5290 39.650 27.330 127.75 NA 64. 15 21.280 61. 150 4450.00 1.3575 2.8339 10.9080 6.3450 9.2600 3.0370 132.700 7.7825 12. 1700 103.25 NA 1938.00 249.55 2.4450 245.7500 3.4310 45.600 8.7760 NA 170.500 2.2050 52. 10 859.40 168.700 27.063 8.8775 2.5310 39.670 27.250 127.38 NA 64.70 20.938 60. 150 4450.00 1.3525 2.8452 10.7500 6.2750 9.0850 2.9800 132.000 7.7830 12.3700 105.05 NA 1910.00 247.60 2.4400 246.5000 3.3700 46.000 8.6850 NA 172.000 2.2050 53.20 860.90 167.000 27.113 8.7700 2.4800 39.710 27.350 129.35 NA 64.40 20.913 60.100 4450.00 1.3509 2.8310 10.7350 6.2550 9.1025 2.9790 131.500 7.7815 12.1700 105.00 NA 1908.00 247.40 2.4460 246.5000 3.3760 45.750 8.6900 NA 170.500 2. 1985 52.85 860.50 166.550 27.092 8.7750 2.4765 39.760 27.130 129.30 NA 146.85 146.79 146.98 144.83 144.83 •INDEX OF H E I 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 OF U.S. DOLLAR AGAINST C U R R E N C I E S OF OTHER G-11 COUNTRIES. M A R C H 1973 = 100. WEIGHTS ARE 1972-76 G L O B A L T R A D E OF EACH OF T H E 10 COUNTRIES. EBIES R E V I S E D AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE I 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 OF T H E U.S. D O L L A R : R E V I S I O N " ON PAGE 700 OF THE AUGUST 1978 F E D E R A L R E S E R V E BULLETIN. m • VALUE IS U.S. C E N T S
@FedFRASER