The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(516/517) AUCi 1 ^ 1 9 6 7 -: : fl/ir/1 f / t £ "^sB Selected Interest & Exchange Rates Weekly Series of Charts August 10, 1987 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 fprm 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 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC U.S. DOLLARS PER FINE 0' ARS PER FINE OUNCE 480 480 460 460 440 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 i i I i i I i i I i i I i ' I ' ' I ' ' 1984 1985 1986 1987 260 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AN 16 FRANCE U. S. FEDERAL FUNDS 12 - 8 4 v v JAPAN 0 11 I I I I I - I 16 CANADA 12 GERMANY 8 4 0 16 UNITED KINGDOM SWITZERLAND 12 8 • 7 4 NETHERLANDS 0 1985 1987 1985 1987 CHART 5 3 - M m T H INTEREST RATES WEEKLY SERES PERCENT PER AN NT PER ANNUM 16 *4 u.s 12 CD'S CANADIAN FINANCE CO. PAPER — 14 L 10 - 10 8 WEIGHTED AVERAGE FOREIGN RATE « 4 12 I I I I V * . . V S . 8 I I I I I I I 6 I 14 16 FRENCH INTERBANK RATE U K INTERBANK STERLING 14 12 12 10 10 8 8 6 10 10 NETHERLANDS INTERBANK RATE 8 8 GERMAN INTERBANK RATE J 6 VA- 6 -vV - 4 4 I I I 2 I I I 2 8 10 SWISS INTERBANK RATE JAPANESE GENSAKI RATE 8 6 - 4 6 ^ ^ 4 2 I I I I I 1985 - 2 0 11 I 1987 1985 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERC PERCENT PER AN! T PER ANNUM 14 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 12 10 8 6 4 14 12 i J 10 \ V 8 6 I 4 I I I I I nil ilulu I f 14 1-YEAR 1-MONTH 12 10 8 6 4 1985 1987 1985 1987 | CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUSM, FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDM6 WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM — I 16 90-DAY CD'S FEDERAL FUNDS DASHED LINE DASHED LINE 3-MONTH OVERNIGHT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL 1985 1987 1965 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY ; ENT PER ANNUM PERCENT PER Ah 18 1* CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERJED LONDON 10 EURO-DOLLAR DEPOSITS 6 DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE I 2 2 DIFFERENTIAL I I I I I I I I I I I 11 DIFFERENTIAL 0 2 JL1 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 10 6 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE I 2 2 DIFFERENTIAL I I I I I I DIFFERENTIAL 0 2 I I I I I 1985 I 1987 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1985 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER AH :NT PER ANNUM WM 16 16 CANADA UNITED STATES 14 14 12 12 10 10 8 8 6 6 14 10 UNITED KINGDOM _ 12 JAPAN - 8 10 6 8 4 I 6 I I 11111111111 11111111111 2 10 8 GERMANY 6 SWITZERLAND 8 4 6 2 4 17 17 U. S. 15 CORPORATE MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 9 7 7 5 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 500 400 UNITED KINGDOM f UNITED STATES 300 — I I I I I I 100 650 650 550 - 450 — 350 - Aw r JAPAN A/V * - - - - - - - I I I 250 I I I 500 300 W P V m I I I I - __ - - — I I I 150 SWITZERLAND A ~ 200 — — NETHERLANDS - I I I I - I I I I I I Il l Il l Il . Ii l l . - 150 100 500 - 400 - 300 — 200 f^\r\ - GERMANY 1987 A Y \ — I I I I 1985 I I — - I I I I I I — 300 100 I 250 ,,|, 500 200 I CANADA - 200 400 W — 400 350 J - / 150 550 450 FRANCE 250 200 I I I I I 1985 mIMIMII. I.IMIMIm 1987 100 LAST VALUE PLOTTED DATE VALUE SEfilES NAME CHART 1. SPOT EXCHANGE BATES AND INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUXLDEfi U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LlfiA SWEDISH KBONA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 5 5 5 5 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 5 5 5 150. 46 173. 89 136. 37 64. 04 75. 10 72. 42 207. 65 101. 65 41. 95 5 5 5 5 5 5 5 5 5 5 5 100. 33 163. 52 183.34 139. 73 61. 32 73. $5 69. 99 212. 63 102. 01 39. 36 67. 17 5 5 5 5 5 5 5 5 -2. 16 -2.21 3.10 -1. 09 3.31 1.69 3.J4 -4.22 53.49 0.66412 47. 50 158.34 75.35 16.07 64.55 2. 57957 0. 07385 15.33 INDICES, flARCH 1973 BASE BATES = 100 GERMAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS 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 SffISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA CHART 2. 3-MONTH FORWARD EXCHANGE CANADIAN DOLLAR U.K. POUND GERMAN MASK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE >rBN ITALIAN LIBA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. , PREMIUM OR DISCOUNT AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. SERIES LAST VALUE PLOTTE DATE VALUE NAME CHART 3. GOLD PRICE IH LONDON, AFTERNOON FIXING U.S. DOLLARS PEE FINE OUNCE AUG. 5 467. 12 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 5 5 5 6.75 6.51 7. 80 7. 85 3.36 3.23 7. 65 5. 11 1.00 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 5 5 5 6. 76 3.91 3.73 9.20 9. 30 3.50 7.85 5. 26 6. 14 AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 6.51 6.59 6. 70 6.94 7.20 7. 66 CHAfiT 4. CALL MONEX BATES U. S. FEDEBAL FUNDS OVEBNIGHT EURO—DOLLAR DEPOSITS 0 . K_ CANADA GEBBANX JAPAN FBANCE NETHERLANDS SHITZBRLAND CHART 5. 3-MONTH INTEREST BATES U.S. 90-DAY CD'S, SECONDARI MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST BATE tG-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAX 1—MONTH 3-MONTH 6-MONTH 1-X3AR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONET MARKET RATES OVERNIGHT EURO—DOLLAR DEPOSITS U. S. FEDERAL FUNDS DIFFERENTIAL AUG. AUG. AUG. 5 5 5 6.51 6.75 -0.24 3-MONTH EURO-DOLLAR DEPOSIT RATE 0.S-,90-DAT CD'S, SECONDARI MARKET DIFFERENTIAL AUG. AUG. AUG. 5 5 5 6.94 6. 76 0. 18 # SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL AUG. AUG. AUG. 5 5 5 6.94 7.04 -0. 10 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL AUG. AUG. AUG. 5 5 5 6.72 6.99 -0.27 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. AUG. AUG. 5 5 5 6.94 7.04 -0. 10 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL AUG. AUG. AUG. 5 5 5 6. 94 6.84 0. 10 JULY JULY JULY JULY JULY JULY JUNE JULY 31 31 S* 17 17 31 8.62 5.06 4.42 4. 10 10. 15 10.37 6.26 9. 45 CHART 9. LONG TERM GQVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 31 U.S. CORPORATE AAA BONDS CHART 10. 9.33 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN SAX JULY JULY JULY JULY JULY JULY JULY JULY 29 29 29 29 29 29 29 29 341.35 412.09 396.25 278.07 220.97 326.21 419.20 536.37 FEDERAL RESERVE statistical release H.10(512) AUGUST 7, 1987 FOREIGN EXCHANGE RATES FOR THE MEEK ENDING AUGUST 7, 1987 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.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA ^IRELAND ITALY JAPAN MALAYSIA NETHERLANDS *NEW ZEALAND NORWAY PORTUGAL SINGAPORE ttSOUTH 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 WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: SUNITED STATES DOLLAR AUG. 3 70.03 13.113 38.650 NA 1.3241 3.7314 7.0825 4.5230 6.2035 1.8645 140.550 7.8058 13.1200 143.80 1350.50 150.50 2.5410 2.0990 57.540 6.8210 145.650 2.1110 48.40 811.70 126.470 29.512 6.5140 1.5440 30.780 25.990 158.35 100.11 (CURRENCY UNITS PER DOLLAR) AUG. 4 AUG. 5 AUG. 69.89 13.133 39.220 NA 1.3258 3.7314 7.1740 4.5820 6.2950 1.8915 142.050 7.8085 13.1500 141.68 1370.00 152.10 2.5675 2.1290 56.930 6.8990 147.850 2.1147 48.25 812.00 127.730 29.512 6.5860 1.5680 30.700 26.020 157.00 101.31 70.18 13.203 38.930 NA 1.3251 3.7314 7.1350 4.5570 6.2570 1.8775 141.950 7.8097 13.0900 142.65 1360.50 150.75 2.5450 2.1143 57.360 6.8590 147.200 2.1117 48.10 812.20 127.680 29.548 6.5550 1.5575 30.630 26.040 157.83 100.67 6 69.93 13.240 39.070 NA 1.3231 3.7314 7.1630 4.5750 6.2755 1.8840 141.950 7.8100 13.0900 142.25 1364.50 151.45 2.5448 2.1205 57.210 6.8730 147.000 2.1120 48.20 812.00 127.800 29.548 6.5730 1.5620 30.550 26.020 157.60 100.95 AUG. 7 69.94 13.257 39.180 NA 1.3262 3.7314 7.1950 4.5830 6.3030 1.8900 142.400 7.8115 13.1200 141.75 1369.00 151.57 2.5440 2.1275 57.330 6.9060 147.750 2.1135 47.90 812.20 128.450 29.548 6.5920 1.5725 30.470 26.030 156.67 101.29 SINDEX 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. WALUE IS U.S. CENTS
@FedFRASER