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t/t/o (516/517) VATA FiCE ^ LIBRARY BBDERAL RESERVE BAH! * ? T «* X QE CHICAGO Selected Interest & Exchange Rates Weekly Series of Charts , April 3 0 , 1 9 8 4 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL M A R K E T S SECTION BOARD OF GOVERNORS F E D E R A L R E S E R V E 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 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 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 RATIO SCALE MARCH 1973=100 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR — JAPANESE YEN - 140 120 - - I I I 100 80 240 CANADIAN DOLLAR SWISS FRANC - 200 160 GERMAN MARK DUTCH GUILDER FRENCH FRANC U.K. POUND 80 BELGIAN FRANC 70 ITALIAN LIRA 60 50 40 - I 1982 1984 I 1982 I 30 1984 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM ITALIAN LIRA CANADIAN DOLLAR 6 DUTCH GUILDER 6 U. K. POUND 0 6 9 15 12 SWISS FRANC GERMAN MARK 6 0 16 8 FRENCH FRANC JAPANESE YEN 32 1982 1984 1982 1984 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 550 - 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - 500 450 - - 450 400 — 400 350 - 350 300 - - 300 250 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANN ' PER ANNUM 28 24 X A 20 FRANCE U. S. FEDERAL FUNDS W l 16 - 12 JAPAN 8 I i 4 I I I Mlllhllll I 24 CANADA 20 EURO-SWISS FRANC 16 12 8 NETHERLANDS 4 + 0 24 20 16 1 U. K. 2-DAY LOCAL AUTHORITY GERMANY - 12 EURO-DM 1 " - 8 4 1982 1984 1982 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES 22 18 CANADIAN FINANCE CO. PAPER 14 10 WEIGHTED AVERAGE FOREIGN RATE 6 20 U.K. INTERBANK STERLING 16 GERMAN INTERBANK RATE 12 8 11 SWISS INTERBANK RATE 9 JAPANESE BANK LOANS AND DISCOUNTS 7 5 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 1982 1984 1982 1984 @ j CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN 11. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 22 22 FEDERAL FUNDS 18 3-MONTH - 18 - 14 E U R O - D O L L A R DEPOSITS 14 OVERNIGHT 90-DAY CD S E U R O - D O L L A R DEPOSITS 10 I I i i I i i I i i 11 i I / 111 i i I i i I i i 10 I II II II II IDIFFERENTIAL DIFFERENTIAL | I I x / W / v ^ x j t I I I I I I I I I I I I 1982 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 11111111111 1984 I I II 11111 1 111 I 1982 11111111111 1984 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+i, INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM EURO-DOLLAR DEPOSITS 20 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER 2 4 DIFFERENTIAL DIFFERENTIAL 28 28 20 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 COVERED FRANKFURT 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE 4 2 2 DIFFERENTIAL DIFFERENTIAL + 0 2 1982 1984 1 PERCENT 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 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PEF PER ANNUM 19 19 CANADA UNITED STATES 15 15 11 11 7 7 15 9 UNITED KINGDOM SWITZERLAND 11 5 7 13 iilii 1 13 MONTHLY GERMANY JAPAN 9 9 5 5 22 U.S. CORPORATE 22 MONTHLY FRANCE 18 18 Aaa BONDS 14 14 EURO-DOLLAR BONDS 10 10 NETHERLANDS MONTHLY 6 6 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 240 — - UNITED STATES JAPAN - Jr _ / \ - 200 - 160 120 l I I I I I I I I I I I I ill11111111 I 210 — 210 170 UNITED KINGDOM FRANCE j/VSf 130 90 A — - I 70 I I — - - - I , I|II|II|II I I I I r — J - - 130 - 90 I IIIIIIIIII Illllllllll 70 — 190 f\f* I I I I I 190 150 - 110 - GERMANY I 70 I ^ A ^ - - - - SWITZERLAND I IIIIIIIIII I 170 150 - 110 I I I ^ M 70 l — 180 NETHERLANDS - ~ , 140 100 - - — 280 \ yv - I I I I I 1982 I iiiiiiiiin 1984 360 CANADA — 80 60 — - 1 1 1 1 1 1 1982 i , 11, i , 1111 - 200 — 160 120 1984 LAST 7ALOE PLOTTED DATE VALOE S B B I B S NAME CHART 1 . SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, NOON BOXING BATES (O.S. CENTS) GEfiflAN MABK JAPANESE TEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FBANC ITALIAN LIRA SWEDISH KRONA INDICES, MARCH 1 9 7 3 BASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) # ART 2 . 25 25 25 25 25 25 25 25 25 25 37. 0. 33. 141. 78. 12. 45. 1. 0. 12. 45 44389 20 36 08 18 32 83407 06056 66 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 25 25 25 105. 116. 95. 57. 77. 54. 145. 72. 34. 35 23 32 17 82 90 79 27 40 25 25 25 25 25 25 25 25 25 25 25 130. 137. 149. 119. 68. 95. 64. 183. 88. 39. 68. 82 05 95 10 13 85 87 19 75 81 38 25 25 25 25 25 25 25 25 0. 2. 5. -2. 7. 4. 4. -4. 24 25 39 01 21 97 74 64 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL MAR 1 9 7 3 = 100 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 3-MONTH FORWARD EXCHANGE R A T E S , PREMIUM OB DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH GUILDER J A P A N E S E YEN I T A L I A N LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL LAST 7ALOE PLOTTED DATE VALUE S E B I B S NAME CHART 3 . GOLD P R I C E I V LONDON, AFTERNOON F I X I N G APRIL 2 5 383.48 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL JAN. APRIL 25 25 13 6 13 27 13 13 1 27 9.98 10.10 8.50 9.61 5.55 5.13 5.88 11.75 10.30 1.00 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 25 10. 5. 6. 10. 8. 3. 8. APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 1 0 . 10 10.59 10.64 10.93 11.21 11.73 OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS APRIL 2 5 APRIL 2 5 APRIL 2 5 1 0 . 10 9.98 0.12 3-MONTH EURO-DOLLAR DEPOSIT BATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL APRIL 2 5 APRIL 2 5 APRIL 2 5 10.93 10.49 0.44 U.S. 4. DOLLARS PER F I N E OUNCE * CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S O.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S B I S S FRANC CHART 5 . 3-MONTH I N T E R E S T BATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE EANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . SELECTED EURO-DOLLAR AND U . S . 49 80 22 80 82 75 40 MONEY MARKET BATES 1 r # # SERIES CHART 8 . INTEREST NAME ARBITRAGE, 3-MONTH F 0 1 D S EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G (LONDON), COVERED DIFFERENTIAL APRIL 2 5 APRIL 2 5 APRIL 2 5 U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL APRIL 2 5 APRIL 2 5 APRIL 2 5 11.04 -0.78 EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL APRIL 2 5 APRIL 2 5 APRIL 2 5 10.93 11.27 -0.34 EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVERED DIFFERENTIAL APRIL 2 5 APRIX 2 5 APRIL 2 5 10.93 11.03 CHART 9 . U.S. 11.12 -0.20 10.26 -0.10 APRIL APRIL MARCH APRIL APRIL FEB. NOV. APRIL 20 13 13 6 10 20 12.66 7.85 6.64 4.62 13.33 13.71 8.57 9.89 CORPORATE AAA BONDS EURO-DOLLAR BONDS 10. 10.93 LONG TERM GOVERMEHT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM CHART LAST VALUE PLOTTED DATE VALUE MARCH NOV. 12.57 10.29 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 18 18 18 18 18 18 18 18 165.28 195.36 230.87 150.31 125.13 153.74 172.67 226.34 FEDERAL RESERVE statistical release H.1O014 *PBI1 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING APRIL 27, 30 - 198 " 1984 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 •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.P. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ISRAEL ITALY JAPAN . MALAYSIA MEXICO NETHERLANDS •NEW ZEALAND NORWAY PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH 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 RUPEE POUND SHEKEL LIRA YEN RIN-GGIT PESO GUILDER DOLLAR KRONE PESO ESCUDO DOLLAR RAND WON PESETA RUP.EE KRONA FRANC DOLLAR BAHT POUND BOLIVAR MEMO: •UNITED STATES DOLLAR APR. 23 92.20 18.760 54.400 1415.00 1.2812 2.1055 9.7975 5.6630 8.1820 2.6620 105.750 7.8080 10.8200 1 1 5 . 15 172.860 1645.50 224.75 2.2875 180.0000 3.0030 65.500 7.6150 14.2500 134.500 2.0850 80.20 797.60 150.500 25.130 7.8850 2.1960 NA 23.010 141.55 14.4500 130.49 (CURRENCY U N I T S APR. 24 91.80 18.898 54.800 1415.00 1.2811 2.1055 9.8500 5.6940 8.2515 2.6830 105.900 7.8135 10.8700 114.2# 177.440 1661.00 225.85 2.2895 180.0000 3.0265 65.600 7.6550 14.2500 135.900 2.0865 79.80 797.40 151.000 25.130 7.9200 2.2175 39.700 23.010 140.72 14.4500 131.36 PER DOLLAR) APR. 2 5 91.95 18.867 54.600 1415.00 1.2792 2.1181 9.8400 5.6985 8.2300 2.6805 105.950 7.8110 10.8800 114.40 178.140 1656.00 225.60 2.2880 179.2500 3.0235 65.620 7.6575 14.2500 136.300 2.0855 80.08 798.40 151.270 2 5 . 130 7.9200 2.2160 39.690 23.010 1 4 1 . 15 14.7000 131.12 APR. 26 91.95 18.977 54.910 1435.00 1.2789 2.1181 9.9060 5.7110 8.2730 2.6970 106.200 7.8120 10.8900 113.60 178.900 1667.00 225.75 2.2900 179,7500 3.0375 65.580 7.6910 14.2500 136.500 2.0565 80.05 798.40 151.810 25.130 7.9400 2.2262 39.680 23.010 140.38 14.6300 131.68 APR. 27 91.90 19.035 5 5 . 120 1435.00 1.2810 2 . 1329 9.9420 5.7320 8.3075 2.7045 106.700 7.8135 10.9100 113.35 180,940 1674.50 226,55 2.2900 180.2500 3.0500 65.450 7.7030 14.2500 1 3 7 . 100 2.0880 79.95 798.60 152.000 2 5 . 160 7.9650 2.2345 39.680 23.010 140.15 15.0000 132.11 #INDBX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAR AGAINST C U R R E N C I E S OF OTHER G - 1 1 OF THE 10 C O U N T R I E S . C O U N T R I E S . MARCH 1 9 7 3 = 1 0 0 . H E I G H T S ARB 1 9 7 2 - 7 6 G I O B A I TRADE OF EACH S E R I E S R E V I S E D AS OF AUGUST 1 9 7 8 . FOR D E S C R I P T I O N AND £ACK DATA, S E E " I N D E X OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: R E V I S I O N " ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE B U L L E T I N . •VALUE I S U.S. CENTS
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