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5 - T 1 6 (516/617) m m F#te U&MRy LIBRARY f E O E R A l RESERVE M S I OF CHICAGO MAY RESERVE Selected Interest & Exchange Rates Weekly Series of Charts 'I April 29, 1985 Prepared by the FINANCIAL MARKETS SECTION 61935 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 2. DAILY CERTIFIED SPOT EXCHANGE RATESH.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 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 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 120 — CANADIAN DOLLAR 100 - SWISS FRANC - - 200 — 160 — 140 I 80 — 70 - - - 60 - - - I 50 I I ii In hili i iiIiiliiIii ~ 120 11111111111 100 \ l I I I nil,|,,In 160 GERMAN MARK 140 DUTCH GUILDER — 120 100 - U.K. POUND * FRENCH FRANC 120 BELGIAN FRANC 100 - 80 70 ^ s / N — | - - - 50 ITALIAN LIRA V I I I I I 1983 I - 111111 III 11 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM <+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 ITALIAN LIRA CANADIAN DOLLAR 24 6 12 U. K. POUND DUTCH GUILDER + 0 6 12 12 SWISS FRANC GERMAN MARK 6 0 16 8 FRENCH FRANC JAPANESE YEN 24 32 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 - 440 400 360 320 400 - 360 320 280 - 280 240 - 240 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES IT PER ANNUM PERCENT PER A FRANCE U. S. FEDERAL FUNDS JAPAN 2^ 2C 16 SWITZERLAND CANADA . - — 12 8 4 - ~ + 0 4 I I r 20 16 12 I I I 1 - - GERMANY 8 1-—A 4 w W/Vv NETHERLANDS 0 I i 1983 1985 i i ..I..I..In 1983 1985 1 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER Ah 18 16 - - 14 12 - U.S. CD'S CANADIAN FINANCE CO PAPER 10 8 - I WEIGHTED AVERAGE FOREIGN RATE 6 4 I I I I I ^ - I 18 16 GERMAN INTERBANK RATE 14 U.K. INTERBANK STERLING 12 10 8 11 10 9 SWISS INTERBANK RATE 8 JAPANESE BANK LOANS AND DISCOUNTS 7 6 I I I I! 5 1983 1985 1963 1985 II CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 — — 20 24 20 OVERNIGHT 3-MONTH 24 20 20 7-DAY 6-MONTH 16 12 8 4 24 24 20 20 1-MONTH 1-YEAR 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 [— 22 i 18 - 20 16 18 14 16 FEDERAL FUNDS DASHED LINE 3-MONTH 12 E U R O - D O L L A R DEPOSITS - 14 10 8 12 - 10 OVERNIGHT E U R O - D O L L A R DEPOSITS 90-DAY CD S I I I i i 11 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 6 3 DIFFERENTIAL DIFFERENTIAL - - N/jV^A i j i W U j 1. f ^ W i / w , 1 1 1 J / 1 1 1 1 1 1 1 1 i 11 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 PERCENT ON RATE S C A L E + 0 r v 11111! i 1985 1 1 j j j 1 1983 I I I I I I I I II I I ! I I I I I I 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 22 18 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 14 DASHED LINE 10 10 INTERBANK STERLING 6 6 COVERED LONDON U. S. COMMERCIAL PAPER 2 2 4 2 2 DIFFERENTIAL DIFFERENTIAL + 0 - v - v /V f WvvVv/V + 0 2 2 4 22 22 18 18 14 SWISS INTERBANK (SF) COVERED INTERBANK DM - 14 COVERED FRANKFURT 10 10 I EURO-DOLLAR DEPOSITS 6 6 EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 I II III III II I IIIIII 2 2 2 DIFFERENTIAL DIFFERENTIAL + + 0 0 V I 2 1983 P E R C E N T ON D I F F E R E N T I A L 1985 SCALE - 2 P E R C E N T ON R A T E S C A L E I I i I 1983 I MIMIMIM h I h I i i I i i 1985 2\ CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 UNITED STATES CANADA 15 11 7 15 9 UNITED KINGDOM SWITZERLAND — 11 ^ — » ~ l 7 13 — I - I 1 MONTHLY JAPAN GERMANY 9 5 22 U.S. CORPORATE MONTHLY 18 FRANCE Aaa BONDS 14 NETHERLANDS MONTHLY 10 6 1983 5 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO S CALE 196< )0 260 220 UNITED STATES UNITED KINGDOM yxA 180 - 140 A 100 220 180 NETHERLANDS SWITZERLAND 140 100 80 220 : 180 FRANCE 140 GERMANY 100 - 80 320 CANADA 280 240 - J - JAPAN 200 160 120 1983 1985 1983 1985 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHABT 1. SPOT EXCHANGE BATES AID INDICES WEEKLY AVEBAGES, BOOM BUYING BATES (U.S. CEHTS) GERMAN BARK JAPANESE TEN DUTCH GUILDBB U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KBONA APBIL APRIL APRIL APBIL APBIL APRIL APBIL APBIL APBIL APBIL 24 24 24 24 24 24 24 24 24 24 32. 95 0.40159 29. 11 126.93 73.72 10. 80 39. 66 1.63519 0. 05147 11.26 APBIL APBIL APBIL APBIL APBIL APBIL APRIL APRIL APRIL 24 24 24 24 24 24 24 24 24 92.70 105.15 83. 56 51.34 73.48 48. 67 127.59 64.43 29.24 24 24 24 24 24 24 24 24 24 24 24 147.00 131.26 148. 54 114.14 66.94 99.46 62.83 175.52 86.63 36.89 66. 62 24 24 24 24 24 24 24 24 -1.22 -3. 68 2. 69 -2. 08 3.24 1.69 2.26 -4. 99 INDICES, MARCH 1973 BASE RATES = 100 GERMAN HARK JAPANESE YEN DUTCH GUILDEB O.K. POUND CANADIAN DOLLAB FRENCH FBANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, HAR 1973 = 100 (G—10 COUNTRIES PLDS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDEB O.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FRANC BELGIAN FRANC ITALIAN LIB A SWEDISH KBONA APBIL APBIL APBIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL CHART 2. 3-MONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN BABK FBENCH FBANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APBIL APBIL APBIL SERIES IAHE LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PBICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PES FINE OUNCE APRIL 24 326.63 CHART 4. CALL HONET RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 24 24 24 24 24 24 24 24 24 APRIL APBIL APRIL APRIL APRIL APRIL APRIL 24 24 24 24 24 24 24 9. 80 12.33 5. 17 8.58 APRIL APRIL APRIL APRIL APRIL APRIL 24 24 24 24 24 24 7.98 8. 19 8. 28 8. 49 8. 79 9.41 OVBBNIGHT EUBO-DOLLAB DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL APRIL 24 APRIL 24 APRIL 24 7.98 7. 69 0. 29 3-MONTH EURO-DOLLAR DEPOSIT BATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL APRIL 24 APRIL 24 APRIL 24 8. 49 8. 20 0. 29 7.69 7.98 13.22 10. 25 5.58 5.85 10.72 6. 40 1.35 CHART 5. 3—HONTH INTEREST RATES U.S. 90-DAI CD'S, SECONDARY BARRET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) 8. 20 5.91 6. 28 CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR '. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME LIST VALUE PLOTTED DATE VALUE CHART 8. INTEEEST ARBITRAGE, 3-HONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 24 APRIL 24 APRIL 24 8.49 8.53 - 0 . 04 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 24 APRIL 24 APRIL 24 8. 07 8.53 -0. 48 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL 24 APRIL 24 APRIL 24 8.49 8. 64 -0. 1* EURO-DOLLAR DEPOSIT SilSS INTERBANK, COVERED DIFFERENTIAL APRIL 24 APRIL 24 APRIL 24 8. 49 8.46 0.03 19 12 11.2* 8.22 6. 29 4. 7 * 12.14 12.21 7. 72 10. 03 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM APRIL APRIL JAN. APRIL MARCH APRIL DEC. APRIL 19 22 12 19 0. S. CORPORATE AAA BONDS 0 0, CHART 10. FEB. 12. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 17 17 17 17 17 17 17 17 187. 08 217. 39 262. 19 181. 12 140. 48 199. 50 215. 64 252. 94 FEDERAL RESERVE statistical release APRIL H.10 (512) 26, 1985 FOREIGN EXCHANGE RATES FOfi T H E MEEK E N D I N G APRIL 26, 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: MONETARY UNIT APR. 22 •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW Z E A L A N D NORWAY PHILIPPINES PORTUGAL SINGAPORE •SOOTH AFRICA SOOTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND • U N I T E D KINGDOM VENEZUELA DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR R0PEE POUND SHEKEL LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE PESO ESCODO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR 63.35 21.020 60.820 4 4 5 0 . 00 1.3525 2.8310 10.8800 6.3430 9.2225 3.0200 130.500 7.7815 12.2200 103.85 NA 1931.00 248.80 2.4640 247.0000 3.4230 45.500 8.7580 NA 172.000 2. 1995 52.40 860.00 . 167.700 27.143 8.8460 2.5030 39.810 27.150 127.80 NA MEMO: tUNITED S T A T E S DOLLAR COUNTRY 146.36 [CURRENCY U N I T S PER DOLLAR) APR. 23 APR. 24 64.20 21.390 61.900 4840.00 1.3580 2.8451 11.0875 6.4325 9.3875 3.0800 135.200 7.7790 12.3200 101.50 NA 1974.00 250.00 2.4820 247.0000 3.4870 45.400 8.9025 NA 172.500 2.2150 51.85 862.00 171.200 27.193 8.9775 2.5570 39.850 27.320 125.20 NA 148.71 65.80 21.960 62.900 4840.00 1.3685 2.8565 11.2050 6.4975 9.5100 3.1190 135.750 7.7825 12.4300 100.30 NA 1994.00 251.30 2.4925 246.5000 3.5265 45.200 8.9975 NA 176.000 2.2225 51.50 865.60 174.400 27.193 9.0500 2.5950 39.880 27.430 123.00 NA 150.44 APR. 25 APR. 26 67.30 22.133 63.400 4840.00 1.3668 2.8593 11.3400 6.5600 9.5950 3. 1500 136.200 7.7870 12.4500 99.50 NA 2010.00 252.35 2.4975 246.7500 3. 5 6 5 0 45.300 9.0750 NA 178.000 2.2285 51.20 866.60 174.600 27.212 9.1300 2.6215 39.900 27.480 120.35 NA 66.50 22.090 62.500 NA 1.3660 2.8680 11.2200 6.5650 9.5550 3.1325 137. 100 7.7880 12.5000 99.90 NA 1994.00 252.95 2.4950 247.7500 3.5390 45.450 9.0100 NA 179.000 2.2335 51.30 867.60 176. 100 27.262 9.0700 2.6120 39.920 27.660 121.60 NA 151.82 151.01 • INDEX OF W 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 OP U.S. D O L L A R A G A I N S T C U R R E N C I E S OF OTHER G~ 11 C O U N T R I E S . M A R C H 1973 = 100. W E I G H T S ARE 1972-76 G L O B A L T R A D E OF EACH OF T H E 10 C O U N T R I E S . S E R I E S R E V I S E D AS OF A U G U S T 1978. FOR D E S C R I P T I O N AND BACK DATA, S E E " I N D E X OF THE . W 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 T H E U.S. D O L L A R : R E V I S I O N " ON P A G E 700 OF T H E AUGUST | 1978 F E D E R A L R E S E R V E B U L L E T I N . • V A L U E IS U.S. C E N T S
@FedFRASER