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w t ) (516/517) LIBRARY, Ar , » 1987 - '«as Selected Interest & Exchange Rates Weekly Series of Charts April 27,1987 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 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 1973 RATIO SCALE MARCH 1973=100 — — FOREIGN CURRENCY PRICE OF U.S. DOLLAR - ITALIAN LIRA f— ~ V - 30 - 25 Ill,,|,,||I 20 - I I 1 1 1 I,!,,|||||| — — -—y — JAPANESE YEN GERMAN MARK /w/ I r i — i i 1 1 1 DUTCH GUILDER CANADIAN DOLLAR - ^ f*** I 1 1 1 - \^A M i n 90 80 - 70 11111111111 I I I I I I I I I I I 60 50 M /\J ~ 1 1 1 1 1985 I IIIIIIIIII I IIIIIIIIII 1987 70 - 60 - 50 40 240 — - 1 - /-v-w - 1 80 nil Ilull, ' 1 90 - — - ^\i 1 1 1 M M 1985 140 - A SWISS FRANC 60 80 100 — 70 100 - - 80 - — FRENCH FRANC 90 120 — UK. POUND 100 - 120 — BELGIAN FRANC 140 — - I - I, I I I l u l l I , | | I , | , | | | | /v I 200 — 180 160 r™ Zy - 40 35 V V I 50 45 - 180 - 160 - 140 — 120 11111111111 11111111111 1987 200 100 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM tCENT PER ANNUM — 8 JAPANESE YEN CANADIAN DOLLAR —J l l I l I \ lllllllllll I I I I MIMIIIIII — U. K. POUND SWISS FRANC ~ J I I I I I I I l I || I I | I I l I ll I I l I l l l l I DUTCH GUILDER GERMAN MARK — — I I I nhiliilii I I I I I I I ( | ( | | I I | I I FRENCH FRANC 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D .LARS PER FINE OUNCE U.S. DOLLARS PER FINE < 480 460 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 400 380 360 340 320 300 280 260 J 1984 I I 1985 I I I I I I I 1986 I I I I I I I I I I I I I 1987 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 16 FRANCE U. S. FEDERAL FUNDS A ul - L II W\ V V ^A' JAPAN I I I I I I I I V ," : I CANADA GERMANY aVWlNW UNITED KINGDOM SWITZERLAND NETHERLANDS 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 14 CANADIAN FINANCE CO. PAPER U.S. CD'S 12 10 — 8 WEIGHTED AVERAGE FOREIGN RATE 6 I 4 I I I I I 11 l i i h i l l i I I I I I I I I I I I 16 U.K. INTERBANK STERLING FRENCH INTERBANK RATE 14 - 12 10 V- 8 I I I I I - I 10 NETHERLANDS INTERBANK RATE 8 GERMAN INTERBANK RATE 6 V 4 2 I I I I I I I IIIIIIIIII 10 8 - SWISS INTERBANK RATE JAPANESE 6ENSAKI RATE - A.. 6 \ A 4 2 I I I I I 1985 I I IIIIIIIIII 1987 I I I I I 1985 I 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Al ENT PER ANNUM 14 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 10 8 6 4 14 12 10 8 6 4 14 12 10 8 6 4 1985 1987 1985 1987 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 — I 16 16 14 14 90-DAY CD' S FEDERAL FUNDS 12 12 DASHED LINE DASHED LINE 10 10 v OVERNIGHT EURO-DOLLAR DEPOSITS 4 ' I I j_L I 3-MONTH EURO-DOLLAR DEPOSITS 11111111111 11111111111 11111111111 4 2 2 DIFFERENTIAL DIFFERENTIAL U/W I I I I l l 111111111111 f 11111111111 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE ' 1987 I I 1985 I 0 I 11111111111 11111111111 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING 14 COVERED LONDON 10 10 EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL I 2 I I I I 2 I 18 18 INTERBANK DM 14 SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE I I DASHED LINE I I I I 2 2 DIFFERENTIAL DIFFERENTIAL 0 I I I I I 1985 I 1987 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1985 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 16 UNITED STATES f e 14 . - 8 6 - I - I I I - 12 - 10 - — - 8 I I I I I Illllllllll I 6 10 — - 12 10 - 8 6 14 - UNITED KINGDOM • - - I I I 14 • - 12 10 • — CANADA JAPAN 8 - | | | I I I I I I I I I II I I I I I I I I I I I 6 - 4 \ - I I I - I I I I I I Illllllllll Illllllllll 2 10 GERMANY SWITZERLAND 8 - - I I I I l l l l l l l l l l I I I I I I I II I I I 6 4 17 U. S. CORPORATE MONTHLY FRANCE Aaa BONDS - 15 - 13 - 11 NETHERLANDS MONTHLY - 1985 1987 1985 1987 9 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 500 500 400 — 400 UNITED KINGDOM 300 300 UNITED STATES 200 200 100 100 650 650 550 550 450 450 350 350 JAPAN FRANCE 250 250 150 150 500 250 SWITZERLAND 400 300 200 CANADA 150 200 100 500 500 400 400 NETHERLANDS 300 300 GERMANY 200 200 100 100 1985 1987 1985 1987 SERIES NAME LAST VALUE PLOTTED DATE VALUE ART 1. SPOT EXCHANGE BATES AND INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 22 22 22 22 55. 96 0.70097 48.82 163. 07 75.65 16.55 66.89 2.65690 0,07720 15.82 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 22 22 22 154. 88 183.54 140. 16 65. 96 75.40 74.59 215. 19 104.70 43.85 22 22 22 22 22 22 22 22 22 22 22 97. 18 164.27 192. 48 140.08 72.90 70.33 214.97 102. 49 40. 19 67. 60 22 22 22 22 22 22 22 22 -0.98 -2.76 2-91 -1.30 3.12 1.53 2.88 -2.13 INDICES, MARCH 1973 BASE BATES = 100 GERMAN HARK JAPANESE YEN DOTCH GUILDER 0-K- POUND CANADIAN DOLLAR FRENCH FRANC S U S S FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 61.62 CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE APRIL 22 444.25 4, CALL MONEY RATES APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 22 22 22 6. 26 6.29 9.46 7.50 3.65 3.42 7. 88 3. 69 1.00 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 22 22 22 6.53 3.85 3.90 7.81 9.75 3.67 7. 88 5.31 6.09 APRIL APRIL APRIL APRIL APRIL APRIL 22 22 22 22 22 22 6.29 6.39 6.64 6.79 6.91 7.26 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL APRIL 22 APRIL 22 APRIL 22 6. 29 6.26 0.03 3-110NTH EURO-DOLLAR DEPOSIT RATE D.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL APRIL 22 APRIL 22 APRIL 22 6. 79 6.53 0. 26 U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. K. CANADA GBRHANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH INTEREST BATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SSISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MO NTH 6-MO NTH 1-YEAR 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SEBIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FONDS ED80-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 22 APRIL 22 APRIL 22 6.79 6. 92 - 0 . 13 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 22 APRIL 22 APRIL 22 6. 46 6-82 -0.36 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL 22 APRIL 22 APRIL 22 6.79 6. 79 -0.01 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL 22 APRIL 22 APRIL 22 6.79 6.81 -0.02 17 17 10 3 10 10 8.12 5.41 3.58 4. 12 9.12 9.46 6.15 8.95 9. LONG TERM GOVERMENT BONO YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM APRIL APRIL APRIL APRIL APRIL APRIL FEB. APRIL 17 S. CORPORATE AAA BONDS 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 8.36 MARCH APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 15 15 15 15 15 15 15 15 305. 48 333. 10 373.59 256.52 197.38 313.72 449.09 558.03 FEDERAL RESERVE statistical release . a m APRIL 24, 1987 H.10(512) FOREIGN EXCHANGE RATES FOR THE MEEK ENDING APRIL 24, 1987 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified tor customs purposes the following noon buying rates in New York City for cable transfers payable in foreign currencies: COUNTRY MONETARY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL 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 CRUZADO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND HON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR APR. 20 (CURRENCY UNITS PER DOLLAR) APR. 22 APR. 21 APR. 23 APR. 24 71.22 12.730 37.570 NA 1.3183 3.7314 6.8450 4.4200 6.0330 1.8133 133.450 7.8030 12.8600 147.35 1293.00 142.40 2.4820 2.0455 57.800 6.7840 140.500 2.1355 49.80 843.60 127.030 28.950 6.3151 1.4935 33.720 25.710 163.17 70.81 12.770 37.650 NA 1.3220 3.7314 6.8550 4.4115 6.0430 1.8170 133.800 7.7995 12.8000 147.25 1296.00 142.35 2.4760 2.0495 57.280 6.7520 140.200 2.1350 49.75 842.40 127.220 28.950 6.3200 1.4945 33.650 25.680 163.32 70.57 12.830 37.780 NA 1.3305 3.7314 6.8780 4.4330 6.0690 1.8245 134.200 7.8000 12.8200 146.70 1300.75 142.35 2.4810 2.0565 57.900 6.7600 140.900 2.1365 49.55 842.40 127.470 28.950 6.3400 1.4975 33.580 25.700 162.75 71.15 12.760 37.580 NA 1.3317 3.7314 6.8410 4.4095 6.0320 1.8130 133.700 7.8025 12.8000 147.32 1294.75 141.20 2.4810 2.0450 58.320 6.7405 140.500 2.1355 49.60 842.50 126.670 28.950 6.3130 1.4825 33.530 25.680 163.70 70.94 12.590 37.145 NA 1.3363 3.7314 6.7530 4.3645 5.9740 1.7910 NA 7.8000 12.7000 149.35 1279.50 139.75 2.4720 2.0205 58.480 6.6695 138.800 2.1245 49.88 841.30 125.170 28.940 6.2530 1.4635 33.470 25.610 165.70 97.03 97.16 97.49 96.95 95.98 COUNTRIES. MARCH 1973 • 100. W I G H T S 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 HEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. •VALUE IS U.S. CENTS
@FedFRASER