Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : April 23, 1990

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

April 23,1990

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DuC. 20551




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 P R I C E - L O N D O N
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 $24.00 per year or $.60 each in the United
States, its possessions, Canada, and Mexico; 10 or
more of the same issue to one address, $22.50 per
year or $.55 each. Elsewhere. $30.00 per year or S 70
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.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SC
MARCH 1973

SCALE
1973=100
140
130
120

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

BELGIAN FRANC

110
100
90

80
•

70

i

i

280
260

I

'

i

•

I

'

•

•

I

•

i

»

'

'

i

1

i

1

I

1

•

•

I

I

I

I

I

I

I

1

I

I

I

I

I

1

I

1

'

JAPANESE YEN

—

SWISS FRANC

l

240

220
200
180
160
140
i

120
100
90

i

i

-

l

i

i

i

I

i

i

i

I

i

i

i

I

I

»

I

I

'

'

1

I

I

I

I

I

I

I

I

I

I

I

I

I
1990

CANADIAN DOLLAR

U.K. POUND

80
70
60
i

50
200

i

i

I

i

'

•

i

i

•

'

I

'

i

i

I

'

I

I

I

I

I

GERMAN MARK

180

DUTCH GUILDER

160
140
120
I

100
120

I

I

I

I

' I

I

'

I

'

I

I

I

I

'

'

110

'

I

'

I

'

ITALIAN LIRA
_

FRENCH FRANC

I

I




I

I

I

'
1988

I

I

I

I

'

I

I

I
1990

'

I

•

I

'

' '
1988

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
SCENT PER ANNUM

PERCENT PER ANNl

4
CANADIAN DOLLAR

U.K. POUND

+

0

4

8

i

i

i

l

'

' I

I

'

'

i

I

i

i

i

8
GERMAN MARK

JAPANESE YEN

4

—

+

0

4

•

i

i

I

i

i

i

l

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

I

I

I

I

i i
1988

I

i

'

i

I

i

8
SWISS FRANC

DUTCH GUILDER

4

+

0

4
4

i

i

i

l

i

i

i

l

i

'

i

l

i

'

FRENCH FRANC

I

I

I

I

I

ITALIAN LIRA

+

0

4

8

12

'

I

'

I




'

'
'
1988

I

'

I

I

I

'

I
1990

i

i

i

l

i

1990

CHARTS

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
u s

U.S. D >LLARS PER FINE OUNCE
520

- DOLLARS PER FINE OU

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

480

460

440

420

400

r

380

360

340

320

[
1987




i

l

l

I
1988

I

I

I

I
1989

1

1

1

L_
1990

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
16

PERCENT PER ANNUM
16 | —

12

—

U.S. FEDERAL FUNDS

12

FRANCE

JAPAN

0

i

i

i

I

i

1

1

I

•

1

1

1

I

1

»

«

I

I

I

I

•

I

I

'

I

'

I

I

I

I

10

16

16

12

12
CANADA
GERMANY

•

i

i

I

i

•

•

I

•

•

'

l

•

•

i

i

i

i

l

i

i

i

l

i

i

i

I

i

i

i

0
20

SWITZERLAND

UNITED KINGDOM




16

12

NETHERLANDS

1988

1990

m

1
1988

1

1

1

1

1

1

1

1

1

1990

CHARTS

3-MONTH INTEREST RATES
WEEKLY SERIES
fENT PER ANNUM

PERCENT PER AN

12

12
FRENCH INTERBANK RATE

10

10

U.S. CD S

8

8

6

6
WEIGHTED AVERAGE
FOREIGN RATE

4

4

i

2

i

» I

i

'

•

I

i

'

'

I

i

'

»

I

I

I

I

I

I

I

I

'

»

I

I

'

I

I

16

2
16

14

U.K. INTERBANK STERLING

14

CANADIAN FINANCE CO.
PAPER

12

12

10

10

8

8

6

'

i

'

I

i

'

'

I

•

'

» I

i

i

'

'

'

I

I

•

'

'

I

'

'

I

I

»

I

6

10

16
GERMAN INTERBANK RATE

8

SWISS INTERBANK RATE

12

6

8

4

4

2

I

I

I

I

I

I

I

I

I

I

'

I

I

'

I

'

i

i

I

i

'

•

I

•

'

'

I

'

0

10

10
NETHERLANDS INTERBANK RATE

8

8

JAPANESE GENSAKI RATE

6

6

4

4

2

'

'

'




I

'

I
1988

'

I

I

I

I

I

I

I
1990

I

•

I

•

I

•

'
1988

'

I

•

•

I

I

'

I
1990

»

2

CHART6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
14

PERCENT PER ANNUM
14

OVERNIGHT

12

3-MONTH

12

10

10

4 I

'

I

'

I

'

I

I

I

•

I

»

I

'

»

» i

'

'

I

1

'

1

1

l

1

> I

i

i

i

14

7-DAY

12

6-MONTH

12

10

4
14

4
14

10

i

i

i

I

'

i

i

I

«

i

'

l

i

i

i

t

i

i

I

i

1-MONTH

12

'

i

I

•

'

i

i

i_L

1-YEAR

4
14

12

10

10

•

i

i

l

i




i
1988

i

I

' I

'

I

i

i
1990

i

'

1

1

I

1

1

1988

1

I

1

1

I

I

I

I

I

1990

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
14

PERCENT PER ANNUM
14

12
12

10

OVERNIGHT
EURO-DOLLAR DEPOSITS

FEDERAL FUNDS
DASHED LINE

J

1 1 1 I

10

3-MONTH
EURO-DOLLAR DEPOSITS ,

90-DAY CD'S
DASHED LINE

L_L

J—I—I

I

L

J — I — L — I

I

l

I

I

I

I

I

I

I

I

I

I

DIFFERENTIAL
DIFFERENTIAL

i
r~r

i

i

I

I




1

I
1988

I

I

I

1

1

1

1

1
1990

I

- I — I — I — I — I — I — I — I
1988

I

I

I

1990

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
— l 16

(CENT PER ANNUM
16

12

12

INTERBANK STERLING
COVERED LONDON

CANADIAN FINANCE
CO. PAPER, COVERED

EURO-DOLLAR DEPOSITS
DASHED LINE

U.S. COMMERCIAL PAPER
DASHED LINE

8

4

0
2

i

0

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

I

i

i

i

DIFFERENTIAL

DIFFERENTIAL

i

+

2
16

i

"Vviywr v

I

I

I

'

'

I

I

I

I

I

1 I

I

I

i

i

i

I

i

i

i

16

12

INTERBANK DM
COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS
DASHED LINE

EURO-DOLLAR DEPOSITS
DASHED LINE

12

8

4

0

I

I

I

I

I

I

I

1 I

I

I

I

I

I

I

'

I

I

1 I

I

I

I

I

I

'

I

l

l

l

1 1 » I

I

•

I I
1990

2
DIFFERENTIAL

DIFFERENTIAL
+

0

2




I

1

I 1 1 '
1988

I

i

I

*

I I
1990

« I

1 I

I 1
1988

I0

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM
14

PERCENT PER ANNUM
14 (
UNITED STATES

CANADA

12

12

10

10

—

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

i

8

i
14

14
FRANCE

UNITED KINGDOM
12

12

10

10

I

6

I

I

I

I

I

I

I

I

I

i

i

i

I

i

i

i

l

i

i

i

l

i

i

i

6
10

10
JAPAN

SWITZERLAND

i

i

i

I

i

i

i

l

i

i

i

l

i

i

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i
10

10
GERMANY

NETHERLANDS
MONTHLY

•

'

» I




'

» •
1988

l

'

'

i

1 i

i
1990

i

I

I

I

I

1 I
1988

I

I

I

I

I

I

I

I
1990

I

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SC;
1986=

iCALE

0

5

200
175

_

„ UNITED STATES

NETHERLANDS

1

150

1

125

1

100
—

75

50
400
350

•

i i I i • ' I • • • l ' ' '

i

i

i

l

i

i

i

I

i

i

i

I

i

i

i

i

i

i

I

'

i

i

I

i

i

i

— GERMANY

. JAPAN

300
250
200
150

•

100

i

I

i

i

i

I

i

i

i

I

i

i

i

i

200
175

i

l

__ FRANCE

„ SWITZERLAND

150
125

100
75

50

I ' 1 I I I I I I I I I I I

I ' I I I I I I I I I I

— UNITED KINGDOM

— CANADA

•

'

'




I

'

'
1988

'

I

i

i

i

I

I
1990

I

I I I I <
1988

1

1

1

1

1

1

1

1

1

1990

"

i

SERIES
21-Mar-90 28-Mar-90 4-Api—90
Chart 1.

ll-Apr-90 18-Api—90

Spot Exchange Rates and Indices

Noon buying rates (U.S. cents, weekly averages)
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

2.8358
84.773
17.444
58.924
0.07980
0.65236
52.314
65.982
161.13

2.8225
85.037
17.368
58.484
0.07946
0.63975
51.967
65.842
161.53

2.8466
85.503
17.511
58.881
0.08002
0.63197
52.274
66.559
163.81

2.8595
85.874
17.600
59.142
0.08048
0.63316
52.520
66.857
163.91

2.8852
85.827
17.768
59.709
0.08122
0.62869
53.020
67.272
163.67

111 .75
84 .49
78 .60
165 .76
45 .80
170 .81
150 .18
212 .27
65 .17

111 .22
84 .75
78 .26
164 .52
45 .61
167 .51
149 .19
211 .82
65 .33

112 .17
85 .22
78 .91
165 .64
45 .93
165 .47
150 .07
214,.13
66 ,
.26

112 .68
85 .59
79 .31
166 .37
46 .20
165 .78
150 .77
215 .09
66 .29

113 .69
85 .54
80 .07
167 .97
46 ,
.62
164,.61
152..21
216. 42
66. 20

107 .25
79 .86
72 .73
172 .52
40 .61
166 .43
146 .53
67 .82
208 .18
60 .16
94 .00

107 .43
79 .98
72 .90
172 .82
40 .73
166 .23
146 .80
67 .80
208 .50
60 .00
93 .64

108 .03
79 .62
73 .38
174 .05
40 .97
164 .25
147 .72
67 .81
209 .05
59 .67
93 .21

-4.81
-1.95
0.19
-4.01
0.97
-0.18
-0.65
-6.50

-4.87
-1.65
0.31
-3.54
1.14
0.01
-0.59
-6.33

-4 .85
-1 .54
0 .19
-3 .43
1 .08
-0 .09
-0 .78
-6 .36

-4.84
-1.48
0.25
-3.54
1.00
-0.07
-0.79
-6.41

398.78

379.15

371.53

376.50

374.75

8.27
8.16
12.78
10.11
7.77
6.80
8.07
8.08
14.81

8.26
8.15
12.88
10.13
7.35
6.67
7.92
8.28
14.73

8.33
8.28
12.74
10.04
7.57
6.88
8.06
8.38
14.63

8.25
8.20
12.70
9.98
7.85
6.99
8.34
8.38
14.60

8.27
8.23
12.65
9.92
7.82
6.92
8.28
8.38
14.81

Indices, March 1973 base rates = 100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

Weighted average exchange value indices, Mar. 1973=100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. dollar
Chart 2.

-4.71
-2.16
0.14
-4.05
0.81
-0.33
-0.55
-6.53

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

106 .76
79 .75
72 .40
171 .98
40 .49
169 .51
146 .25
67 .74
206 .75
59 .51
94 .49

3-Month Forward Exchange Rates, Premium or Discount

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

106 .79
79 .11
72 .40
172 .61
40 .48
172 .40
146 .60
67 .63
206 .26
59 .06
93 .96

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Ca na da
France
Germany
Japan
Netherlands
Switzerland
United Kingdom




SERIES
lar-90 28-Mar-90 4-Api—90
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese gensaki rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

8.40
13.32
10.64
8.39
6.31
8.73
8.80
15.24
10.13

8.36
13.35
10.39
8.35
6.38
8.52
8.83
15.30
10.07

8.37
13.46
10.23
8.21
6.50
8.39
8.88
15.16
9.97

8 .36
13 .56
10 .05
8 .20
6 .60
8 .45
8 .90
15 .12
9 .96

8. 34
13. 55
9. 96
8. 17
6.62
8. 44
8. 88
15. 17
9. 93

8.16
8.19
8.31
8.40
8.59
8.88

8.15
8.34
8.31
8.38
8.56
8.63

8. 28
8. 28
8. 29
8. 40
8. 68
8. 85

8. 20
8. 25
8. 30
8. 38
8. 54
8.78

8. 23
8. 25
8. 29
8. 38
8. 46
8.71

8. 28
8. 33
-0. 05

8. 20
8. 25
-0. 05

8. 23
8. 27
-0. 05

8. 38
8. 36
0..02

8. 38
8. 34
0.,04

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

11-Apr--90 18-Apr- 90

Selected Euro-dollar & U.S

Money Market Rates
8.16
8.27
-0.11

8.15
8.26
-0.11

8.40
8.40
0.00

8.38
8.36
0.02

Euro-dollar deposit
Interbank sterling (London), covered
Differential

8.40
8.47
-0 .06

8.38
8.55
-0.17

8 .40
8 .59
-0 .19

8 .38
8 .51
-0 .14

8 .38
8 .52
-0 .14

U.S. commercial paper
Canadian finance paper, covered
Differential

8.32
8.45
-0.13

8.31
8.38
-0 . 08

8 .30
8 .43
-0 .13

8 .26
8 .55
-0 .29

8 .24
8 .54
-0 .30

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

8.40
8.53
-0.13

8.38
8.55
-0.17

8 .40
8 .52
-0 .12

8 .38
8 .39
-0 .01

8 .38
8 .42
-0 .05

8.40
8.24
0.16

8.38
8.16
0.22

8 .40
8 .27
0 .13

8 .38
8 .10
0 .27

8 .38
8 .07
0 .31

10.83
10.74
8.93
7.25
6.45
11.09
8.59

10.91
10.48
8.81
7.34
6.47
11.24
8.52

11 .14
10 .39
8 .72
7 .34
6 .58
11 .16
8 .62

ND
10 .12
8 .84
7 .26
6 .55
11 .06
8 .59

ND
10 .14
8 .88
7 .30
6 .61
11 .13
8 .74

118.83
150.12
119.63
165.24
105.99
131.81
134.48
137.89

115.85
152.54
120.12
163.93
107.67
132.16
134.42
137.42

Overnight Euro-dollar deposits
U.S federal funds
Differential
3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential
Chart 8.

Interest Arbitrage, 3-Month Funds

Euro-dollar deposit
Swiss interbank, covered
Differential
Chart 9.

elds
Long Term Government Bond Yields

Canada
France
Germany
Japan
Switzerland
United Kingdom
United States
Chart 10.

8.,40
.
8 .37
.
0..03

Lgures)
Stock Indices (Wednesday figures)
llzi'o

ill'.zl

l i f t 126

S E T

if!:!?

llib

11:1 I I 11:1




} 2 : ! i

•••v
•V>oL£Oir*

FEDERAL RESERVE statistical release
••••••*

April 20, 1990

H. 10(512)

FOREIGN EXCHANGE RATES
FOR THE MEEK ENDING

APRIL 20, 1990

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:
MONETARY
UNIT

Apr. 16

•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
•NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

76.540
11.808
34.700
1.1670
4.7339
6.4100
3.9870
5.6350
1.6775
162.65
7.7980
17.250
159.85
1233.25
159.37
2.7345
1.8891
57.960
6.5325
149.00
1.8770
2.6610
709.30
106.68
40.018
6.1080
1.4903
26.366
26.030
163.10

MEMO:
neUNITED STATES

DOLLAR

93.38

COUNTRY

(CURRENCY UNITS PER DOLLAR)
Apr. 18
Apr. 19
Apr. 17

Apr. 20

76.530
11.808
34.710
1.1683
4.7339
6.3960
3.9840
5.6390
1.6782
163.40
7.7960
17.330
159.45
1233.50
159.90
2.7335
1.8901
57.770
6.5290
149.00
1.8790
2.6555
709.70
106.58
40.018
6.1030
1.4905
26.375
26.050
163.38

77.000
11.780
34.620
1.1623
4.7339
6.3820
3.9730
5.6215
1.6725
163.40
7.7940
17.300
160.25
1229.25
159.10
2.7300
1.8835
57.880
6.5200
148.28
1.8795
2.6470
709.90
106.00
40.018
6.0850
1.4840
26.372
26.050
163.80

77.320
11.790
34.690
1.1619
4.7339
6.3770
3.9675
5.6370
1.6770
163.10
7.7935
17.290
159.75
1231.25
156.50
2.7190
1.8877
58.150
6.5125
148.55
1.8750
2.6525
709.80
106.10
40.018
6.0830
1.4828
26.361
26.010
164.35

77.050
11.885
34.940
1.1628
4.7339
6.4340
3.9955
5.6720
1.6890
164.25
7.7935
17.340
158.75
1240.00
157.85
2.7195
1.9009
58.270
6.5595
149.70
1.8750
2.6667
708.50
106.78
40.018
6.1225
1.4913
26.360
25.980
163.53

93.44

93.10

92.98

93.56

•VALUE IS U.S. CENTS
**INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1973 = 100. HEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.