Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : April 26, 1993

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Selected Interest &
Exchange Rates
Weekly Series of Charts

April 26,1993

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DC. 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 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




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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 SCALE
MARCH 1973=100
140

RATIO SCALE
MARCH 1973=100

120

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

110

130

100

120

90

110

80
70
270

100

BELGIAN FRANC

i

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I

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I

I

90
240

250

220

230

200
180

210

JAPANESE YEN

170
100

160

SWISS FRANC

190

i

i

l

i

i

•

i

l

i

i

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I

i

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i

i

i

i

I

'

i

'

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i

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140

100

90

90

U.K. POUND

80

80

70

70
CANADIAN DOLLAR

— I 60

60
50
200

» '

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1

1

1

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1

1

'

» i

l

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l

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l

'

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i

50
200

180

190

160

180

140

170

120
100
110

GERMAN MARK

DUTCH GUILDER

i

100

'

i

1

l

i

i

i

I

J

I

i

i

i

i

i

r

i

i

i

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i

160
i

i

i

150
55
50

FRENCH FRANC

90

45

80

40
ITALIAN LIRA

70

60

I

I

I

1990




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I

1 I
1992

I

I

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1990

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35

I

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1992

» I

J

I

30

CHART 2

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

PERCENT PER ANNUM
U.K. POUND

GERMAN MARK

8

8
2
JAPANESE YEN

CANADIAN DOLLAR

+
0

2

4

4

6
2

+
0

DUTCH GUILDER

SWISS FRANC

2
4
6
8

8
2

+
0

ITALIAN LIRA

FRENCH FRANC

2
4
6
8
10
12

1990




1992

18

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

—

420

400

—

400

380 —

—

380

360 —

—

360

340 —

—

340

12.5 Kg BARS
AFTERNOON FIXING PRICE

320




1990

1991

1992

1993

320

CHART4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
10

PERCENT PER ANNUM
16

FRANCE

U.S. FEDERAL FUNDS

JAPAN

NETHERLANDS
GERMANY

UNITED KINGDOM

CANADA

SWITZERLAND

•

•

» I

1990




•

•

» i

'

•
1992

•

i

•

•

I

» I
1990

I

I

•

•

I

•

•
1992

I

I

I

I

I

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
15

PERCENT PER ANNUM
12
WEIGHTED AVERAGE
FOREIGN RATE

CANADIAN FINANCE PAPER

U.K. INTERBANK STERLING

NETHERLANDS INTERBANK RATE

FRENCH INTERBANK RATE
JAPANESE CD RATE

GERMAN INTERBANK RATE

SWISS INTERBANK

1990




1992

1990

1992

—

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
10

PERCENT PER ANNUM
10
3-MONTH

OVERNIGHT
8

—

——

•

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7-DAY

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8

2
12

10

6-MONTH

— 8

i

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l

i

'

1990




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•

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1-YEAR

1-MONTH

i

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I

'

i
1992

i

l

'

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1990

i

I

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1992

2
10

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
D I F F E R E N T I A L : PLUS(+), F A V O R S B O R R O W I N G IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
10

8

3-MONTH
EURO-DOLLAR DEPOSITS

OVERNIGHT
EURO-DOLLAR DEPOSITS

—

6 —

90-DAY CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE
4 —

J

I

I

I

I

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I
1990

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1

1

1

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A

/v\r V * W

1

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L J

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l__L

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L _ L

DIFFERENTIAL

"y v

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DIFFERENTIAL

W-VvAy/yA

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1
1992

1

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1

1

1

J

I
1990

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^~Y

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-

I

K

I
1992

CHARTS

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
10

PERCENT PER ANNUM
10

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING
COVERED LONDON

4 —

2

U.S. COMMERCIAL PAPER
DASHED LINE

EURO-DOLLAR DEPOSITS'
DASHED LINE

—

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/u yv/^v

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1990




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•

EURO-DOLLAR DEPOSITS
DASHED LINE

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DIFFERENTIAL

DIFFERENTIAL

'

I

SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS
DASHED LINE

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'

-Wf'Auyq.,

INTERBANK DM
COVERED FRANKFURT

I

i

DIFFERENTIAL

DIFFERENTIAL

2
10

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1992

I

1 » '

I

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1990

i

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1992

2
10

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM
10

PERCENT PER ANNUM
14
UNITED KINGDOM

CANADA

FRANCE

SWITZERLAND

JAPAN

1

NETHERLANDS

•

'

•

1990




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1

1

1

'

•

•

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1

1

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GERMANY

'

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1992

•

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1990

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1992

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CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100
200
UNITED STATES

RATIO SCALE
1986=100
200
UNITED KINGDOM

180
- 160
140

120
1

1

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1

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100
250

SWITZERLAND

JAPAN

170

210
—1 170

150

130
130
—

90

110

90
130

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GERMANY

i

l

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•

i

l

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50
155

FRANCE

120

—

145

110

135

100

125

90

115

80
140

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CANADA

i

•

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•

105
130

NETHERLANDS

130

120

120

110

110 —

100

100 —

90

90

•

'

•

1990




» •

•

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1992

•

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1990

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1992

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80

SERIES
24-Mar-93 31-Mar-93 7-Apr-93
Chart 1.

14-Apr-93 21-Apr-93

Spot Exchange Rates and Indices

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

2.9644
80.245
17.939
61.085
0.06305
0.86049
54.359
66.109
148.35

2.9845
80.073
18.103
61.506
0.06248
0.85916
54.727
66.431
149.18

3.0210
79.341
18.358
62.254
0.06288
0.87781
55.366
67.310
151.71

3.0467
79.326
18.534
62.703
0.06440
0.88231
55.796
68.291
154.24

3.0283
79.480
18.442
62.308
0.06505
0.89459
55.456
68.139
153.70

116 .81
79 .98
80 .84
171 .84
36 .19
225 .30
156 .05
212 .68
60 .00

117 .60
79 .81
81 .58
173 .02
35 .87
224 .96
157 .11
213 .72
60 .34

119 .04
79 .08
82 .73
175 .13
36 .09
229 .84
158 .94
216 .55
61,.36

120 .05
79 .06
83 .52
176 .39
36 .97
231 .02
160 .18
219 .70
62 .38

119 .33
79 .22
83 .11
175 .28
37 .34
234 .23
159 .20
219 .21
62 .17

111,.89
72 .16
75 .03
180,.19
30,.68
235,.31
152..62
53..18
206..44
54..11
91..72

111 .97
71 .55
75 .18
180 .08
31,.22
234,.63
152..63
53..49
207..88
54..64
90..82

111 .26
71 .69
74 .76
178 .71
31 .56
238 .27
151 .63
54 .05
207,.40
54,.43
90..82

-1..99
-7..21
-4..75
-8..24
-0..11
-4..34
-1..90
-2..67

-2..28
-6..56
-4..73
-8..44
-0..02
-4.,37
-1.,97
-2. 67

-1..99
-5..79
-4..70
-7..95
-0..03
-4.,37
-1.,89
-2.,65

-1..88
-5..67
-4..68
-7..87
-0..02
-4..35
-1..95
-2..82

331.,48

333.,84

338. 17

337. 48

339.,05

2. 93
2.,85
4. 88
10. 93
8. 49
3. 16
7. 90
5. 40
6. 10

3. 18
3.,09
4.,55
10. 83
7.,06
3. 38
7. 96
5. 50
5. 45

3. 11
3. 03
4. 60
10. 39
8. 14
3. 04
7. 91
5. 38
5. 45

2. 93
2. 95
4. 56
9. 70
8. 13
3. 11
7. 85
5. 00
5. 54

2.,91
2.,90
4. 38
9. 28
8. 10
3. 14
7. 65
5. 33
5. 68

Indices, March 1973 base rates = 100
Belgian franc
Canadian d o I l a r
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 d o l l a r
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. d o l l a r
Chart 2.

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Swi tzerland
United Kingdom




-2..05
-8..08
-4..83
-7..97
-0..08
-4..41
-1..92
-2.,80

Gold Price in London, Afternoon Fixing

U.S. d o l l a r s per f i n e ounce
Chart 4.

111 .55
73 .62
74 .64
179 .60
30 .78
232,.13
152..25
52..81
205..64
53..66
92..81

3-Month Forward Exchange Rates, PTemrium or Discount

Canadian d o l l a r
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

111 .06
73 .99
74 .10
178,.67
31,.17
233 .20
151,.57
52,.94
205,.15
53,.48
93,.11

24-Mar-93 31-Mar-93 7-Apr-93
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank s t e r l i n g
Weighted average f o r e i g n i n t e r e s t rate
(G-10 Countries)
Chart 6.

3.10
5.46
10.93
7.75
3.26
7.40
4.99
5.95
6.94

3.12
5.37
10.30
7.83
3.29
7.45
5.01
5.90
6.94

3.12
5.63
9.66
7.87
3.22
7.51
5.04
5.81
6.89

3.09
5.41
8.81
7.83
3.22
7.43
4.90
5.81
6.72

3.09
5.22
8.63
7.84
3.22
7.47
4.99
5.93
6.69

2..85
2..99
3..06
3..13
3..20
3..46

3..09
3..06
3..06
3..11
3..23
3 .50

3..03
3..00
3..06
3..11
3..25
3..50

2..95
3..03
3..06
3..13
3..23
3..48

2..90
2,.98
3,.05
3..11
3..19
3 .44

Euro-Dollar Deposit Rates

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

14-Apr-93 21-Apr-93

Selected Euro-dollar & U.S. Money Market Rates
2. 85
2. 93
-0. 08

3. 09
3. 18
-0. 09

3. 03
3. 11
-0. 08

2. 95
2. 93
0. 02

2. 90
2. 91
-0. 01

3. 13
3. 10
0. 03

3. 11
3. 12
-0. 01

3. 11
3. 12
-0. 00

3. 13
3. 09
0. 04

3. 11
3. 09
0. 02

3.,13
3.,11
0..01

3. 11
3. 19
-0. 08

3. 11
3. 10
0. 01

3. 13
3. 12
0. 00

3. 11
3. 06
0. 05

3..16
3..39
-0.,22

3.,18
3.,35
-0.,17

3. 18
3.,32
-0.,14

3.,16
3.,40
-0..24

3..14
3..31
-0..17

Euro-dollar deposit
Interbank DM ( F r a n k f u r t ) , covered
Differential

3..13
2..83
0..30

3.,11
2..99
0.,12

3.,11
3..05
0.,06

3..13
3..04
0..08

3..11
3..06
0..05

Euro-dollar deposit
Swiss interbank, covered
Di f f e r e n t i a l

3..13
3..04
0..08

3.,11
3.,09
0..03

3..11
3..05
0..07

3..13
2..98
0..15

3..11
3..01
0..10

7 .45
7 .35
6 .65
4 .22
4 .63
6 .63
7 .66
5 .94

7..48
7,.28
6..65
4,.35
4..66
6..67
7,.75
6,.04

7..61
7,.15
6..70
4,.42
4..66
6 .71
7,.68
6 .10

7..45
7..01
6..57
4..49
4,.62
6 .54
7 .67
5 .93

7..33
7..02
6..57
4..37
4..63
6,.52
7,.80
5,.87

120 .09
144 .15
97 .67
105 .52
117 .97
166 .91
173 .43
181 .51

119 .53
150 .20
99 .27
109 .84
119 .76
170 .44
172 .66
183 .36

120 .01
148 .65
97 .70
117 .90
119 .49
169 .09
169 .33
179 .61

120 .96
149 .02
98 .59
120 .44
120 .25
167 .60
170 .62
182 .11

121 .90
145 .30
98 .46
115 .89
120 .68
169 .37
174 .06
180 .16

Overnight Euro-dollar deposits
U.S. federal funds
Di f f e r e n t i a l
3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential
Chart 8.

Interest A r b i t r a g e , 3-Month Funds

Euro-dollar deposit
Interbank s t e r l i n g (London), covered
Differential
U.S. commercial paper
Canadian finance paper, covered
Differential

Chart 9.

Long Term Government Bellwether Bond Yields
10-year m a t u r i t y , where available

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

Stock Indices (Wednesday f igures)

Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom
United States

Indices ( i n order, rebased to 1986=100) are Toronto Composite, CAC General, FAZ Aktien,
Tokyo SE (Topix), CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite




CI* COw " .

FEDERAL RESERVE statistical release
H. 101512)

April 23, 1993

FOREIGN EXCHANGE RATES
FOR THE MEEK ENDING

APRIL 23, 1993

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:
< CURRENCY UNITS PER DOLLAR)
1
Apr. 20
Apr. 22
Apr. 21

MONETARY
UNIT

Apr. 19

•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
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
ECU
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

0.7192
11.267
32.930
1.2562
5.7076
6.1350
1.2181
5.5225
5.4060
1.6010
218.50
7.7309
31.600
1.5235
1530.50
111.03
2.5765
1.7985
0.5413
6.7780
148.30
1.6215
3.1800
798.80
115.75
47.830
7.4040
1.4698
25.951
25.280
1.5379

0.7157
11.251
32.910
1.2567
5.7076
6.1375
1.2183
5.5040
5.4020
1.5992
218.20
7.7310
31.600
1.5250
1533.50
110.80
2.5735
1.7971
0.5402
6.7800
147.70
1.6220
3.1675
799.10
115.65
47.830
7.3900
1.4637
25.935
25.280
1.5424

0.7150
11.298
33.040
1.2580
N. A.
6.1550
1.2150
5.5600
5.4200
1.6050
219.30
7.7302
31.600
1.5185
1532.50
111.10
2.5732
1.8040
0.5399
6.8025
148.40
1.6207
3.1700
798.90
116.35
47.830
7.4275
1.4620
25.880
25.200
1.5363

0.7117
11.305
33.040
1.2620
N.A.
6.1575
1.2147
5.5550
5.4230
1.6055
218.80
7.7305
31.600
1.5185
1525.75
110.05
2.5720
1.8045
0.5400
6.7950
148.60
1.6188
3.1700
798.70
116.80
47.860
7.4100
1.4580
25.900
25.200
1.5480

0.7132
11.152
32.570
1.2615
5.7076
6.0850
1.2325
5.4550
5.3455
1.5830
215.70
7.7285
31.600
1.5395
1491.50
110.62
2.5705
1.7788
0.5433
6.7000
147.40
1.6183
3.1600
799.10
116.90
47.810
7.2725
1.4300
25.930
25.190
1.5755

MEMO:
^UNITED STATES

DOLLAR

90.54

90.45

90.70

90.49

89.42

COUNTRY

Apr. 23

•VALUE IS U.S. DOLLARS
**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.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL 1202) 482-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT 1202) 452-3244.

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