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(516/517) •« as «»• LIBRARY AUG 2 1 1 9 8 7 l ! R S Selected Interest & Exchange Rates Weekly Series of Charts August 17, 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 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 — ITALIAN LIRA FOREIGN CURRENCY PRICE OF U.S. DOLLAR - 50 45 40 s/V - A Z _/ v — i # I i I 200 180 — ^ — — 120 — yv M 20 160 f N 25 zvx/ I — 100 M - 200 — 180 — y \ ^ - i 30 - 140 80 - — JAPANESE YEN GERMAN MARK 35 I I I I I I I I I I I 11111111111 I — 160 „ • i - - 140 - 120 - 100 I I|II|II|II i 80 140 DUTCH GUILDER CANADIAN DOLLAR y /V— 120 — — 90 - - 80 - ~ 70 I 80 „ U.K. POUND - C j ^ 60 40 I I IIIIIIIIII | ||||||IIII - Vv i i i n - - i i 11111111111 90 80 - 70 - 60 - 50 I ill I l u l l , 40 — 240 * - X - - -ZV~^ J V \ v v I I 11111111111 I I I I I ill 11hilli — 120 SWISS FRANC BELGIAN FRANC 100 / — 90 — 200 - 180 - 160 - 140 - 120 11111111111 100 - 80 70 — 50 - J\f - 60 1 1 1 1 1 I I 1985 I iiliiliilii 1987 60 - FRENCH FRANC - 70 50 I — 90 100 - I I I I I 1985 I 1987 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 4 8 JAPANESE YEN CANADIAN DOLLAR — - I I I I I I I IIIIIIIIII I I I I I I — U. K. POUND SWISS FRANC J I I I I I I r*\ - I IIIIIIIIII I I GERMAN MARK I I I I I l l l o l l l h l FRENCH FRANC 1985 I I I DUTCH GUILDER . I I - — — I I I ITALIAN LIRA 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY .LARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 480 460 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 400 380 360 340 320 300 280 I 1984 1985 I I I I I 1986 I I I I I I I I I I I 1987 I I I I I 260 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AL 16 FRANCE U. S. FEDERAL FUNDS 12 - 8 4 - I ill I 0 \ JAPAN I I I f I I - > 111 < I > 1111 16 CANADA 12 8 GERMANY AWVwv 4 0 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 I I 1985 1987 I I I 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 14 U . S . CD'S 12 CANADIAN FINANCE CO. PAPER __ 10 J - 14 WEIGHTED AVERAGE FOREIGN RATE \ / - I 4 - 12 - 10 ^ I ~ Illllllllll I 8 6 14 16 FRENCH INTERBANK RATE U K INTERBANK STERLING 14 - — 12 - - 10 - - 12 10 - v / v I I I I I - 8 6 I 10 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE J — v w w I I I I I I I I I I I I 8 10 + SWISS INTERBANK RATE JAPANESE GENSAKI RATE 6 * * # 4 - ^ ' X — ^—s - I I I I I 1985 - I V 4 - 2 iiiiiiiihi 0 - I 1987 6 I I I I 1985 I i i h i i i i i i i 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM PERCENT PER AL 14 OVERNIGHT 3-MONTH 12 - 10 8 y 6 4 I I I I I - I 14 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 10 8 6 4 14 12 10 8 6 4 1985 1987 1985 1987 e • e e e e # e # # # # CHART 7 e SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUSO), FAVORS BORROWING IN U. 3 . AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 16 (— 14 12 FEDERAL FUNDS DASHED LINE 90-DAY CD' S DASHED LINE OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS 10 e 6 1 4 2 DIFFERENTIAL DIFFERENTIAL 1 a 1 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1987 1985 1987 e 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 COVERED LONDON 14 10 10 EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE I I I I I I I 1 IL I I 1 1 I IN — DIFFERENTIAL DIFFERENTIAL + 0 2 I I iL I i i i i i i i 11111111111 I I I II l u l l I 2 18 18 INTERBANK DM 14 SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 - 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE — DASHED LINE 11 i i i i to 6 2 2 DIFFERENTIAL DIFFERENTIAL 0 I I I I 1985 1987 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I I I I 1985 I 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 — 16 CANADA UNITED STATES 14 # — - 12 10 •_ 14 - - A - — 8 x / ~ - I 6 I I I I I I I I I I I „ # 10 •e — - - — - A 6 I I I I I I I IIIIIIIIII I IIIIIIIIII JAPAN J I I I I I I GERMANY MONTHLY FRANCE Aaa BONDS NETHERLANDS MONTHLY 1985 1987 1985 - 10 - 8 1987 6 — 10 - 8 - 6 — I IIIIIIIIII SWITZERLAND U. S. CORPORATE 12 I I | I I | I I | I I I I I II I M I I I 14 UNITED KINGDOM - 4 2 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED KINGDOM UNITED STATES FRANCE SWITZERLAND CANADA NETHERLANDS GERMANY 1985 L A S T VALUE PLOTTED DATE VALUE SETILES NAME ^^HART 1. SPOT EXCHANGE BATES AND I N D I C E S MEEKLY AVEBAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH GUILDEB U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA INDICES, MARCH 1 9 7 3 BASE BATES = AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 12 12 12 12 5 2 . 86 66036 46. 95 1 5 7 . 16 75. 31 15. 85 6 3 . 63 2. 54702 07296 1 5 . 18 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 12 12 12 148.71 172.90 134.78 6 3 . 57 75. 06 71.43 204.71 100. 37 41.45 12 12 12 12 12 12 12 12 12 12 12 101. 162. 186. 139. 61. 74. 69. 211. 101. 39. 67. 0. 0. 100 GERMAN HARK JAPANESE YEN DUTCH GUILDEB U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FBANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTBIES PLUS SWITZERLAND) MAB 1 9 7 3 = 100 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIBA SWEDISH KRONA 31 73 76 12 34 22 52 19 47 18 00 # CHART 2 . 3-MONTH FORWARD EXCHANGE B A T E S , PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDEB JAPANESE YEN ITALIAN L I B A , AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 12 12 - 2 . 14 — 3 .0 4 2 . 99 - 1 . 35 3 . 23 1. 6 6 3. 03 - 5 . 07 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E 0. S. I N LONDON, AFTERNOON F I X I N G AUG. 12 463.70 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 12 12 12 6.58 6.39 8.50 8.07 3.66 3 . 16 7.30 4.95 1.00 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 12 12 12 6.72 3.92 3.71 9 . 07 9 . 89 3.52 7. 88 5.26 6.19 AUG, AUG. AUG. AUG. AUG. AUG. 12 12 12 12 12 12 6 . 39 6.50 6.65 6. 83 7 . 18 7.63 OVERNIGHT EURO-DOLLAR D E P O S I T S 0 . S . FEDERAL FUNDS DIFFERENTIAL AUG. . 1 2 AUG. 1 2 AUG. 1 2 6.39 6 . 58 - 0 . 19 3—MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL AUG. AUG. AUG. CHART 4 . DOLLARS PER F I N E OUNCE CALL MONEY R A T E S H . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . 3-MONTH I N T E R E S T RATES 0 . 5 . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E GENSAKI RATE CANADIAN F I N A N C E PAPER INTERBANK S T E R L I N G S W I S S INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE F O R E I G N I N T E R E S T RATE ( G - 1 0 COUNTRIES P L U S SWITZERLAND) CHART 6 . EURO-DOLLAR D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-HO NTH 3-MONTH 6-MONTH 1—YEAR • SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES 12 12 12 6. 83 6.72 0.11 L A S T VALUE PLOTTED DATE VALUE S E R I E S NAME I HART 8 . I N T E R E S T A R B I T R A G E , 3 - H O S T H FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G (LONDON), DIFFERENTIAL COVERED AUG. AUG. 12 12 6.93 6.77 AOE 1 2 0.05 - U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL AUG. AUG. A 0 G - EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL AUG. AUG. ADG * EURO-DOLLAR D E P O S I T SWISS INTERBANK, COVERED DIFFERENTIAL AUG. AUG. A 0 G - CHART 9 . 12 12 1 2 12 12 1 2 19 6.83 6.94 ?2 6.83 6.79 0 E 0 4 AUG. 7 AUG. 7 JULY 3 1 JULY 2 4 AUG. 7 JULY 3 1 JUNE AUG. 7 8.75 6.00 4.78 4. 07 1 0 . 42 10. 37 6.26 9.62 CORPORATE AAA BONDS CHART 1 0 . 1 2 6.69 6.88 LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. 12 12 9.33 MAI STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 5 5 5 5 5 5 5 5 344.67 3 9 4 . 99 400.22 278.00 222.35 326.21 4 1 1 . 15 529.72 FEDERAL RESERVE statistical release H.10(512) AUGUST 1 4 , 1987 FOREIGN EXCHANGE RATES FOR THE MEEK ENDING AUGUST 14, 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: MONETARY UNIT AUG. 10 •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS *NEN 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 WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND 69.75 13.315 39.290 NA 1.3287 3.7314 7.2460 4.5820 6.3190 1.8942 143.500 7.8105 13.1100 141.30 1372.00 151.12 2.5460 2.1323 57.130 6.9100 147.950 2.1135 47.50 812.30 128.570 29.592 6.5980 1.5735 30.350 26.050 156.67 MEMO: •UNITED STATES DOLLAR COUNTRY 101.41 (CURRENCY UNITS PER DOLLAR) AUG. 11 AUG. 12 70.17 13.340 39.440 NA 1.3298 3.7314 7.2825 4.5860 6.3270 1.8975 143.450 7.8117 13.1100 141.18 1375.50 151.77 2.5460 2.1370 58.300 6.9100 148.150 2.1105 47.40 812.40 128.680 29.577 6.5990 1.5772 30.300 26.040 156.97 101.58 70.25 13.300 39.330 NA 1.3315 3.7314 7.2585 4.5685 6.3170 1.8925 142.950 7.8120 13.1000 141.60 1372.00 151.25 2.5475 2.1325 58.020 6.8850 147.800 2.1060 47.50 812.50 128.450 29.577 6.5860 1.5727 30.260 26.040 157.90 101.32 AUG. 13 AUG. 14 70.48 13.265 39.190 NA 1.3294 3.7314 7.2750 4.5700 6.3030 1.8868 142.580 7.8112 13.0900 141.75 1367.50 151.45 2.5462 2.1270 57.470 6.8750 147.500 2.1055 47.40 812.40 128.150 29.592 6.5700 1.5660 30.220 26.040 157.97 70.84 13.177 38.900 NA 1.3312 3.7314 7.2180 4.5440 6.2685 1.8760 141.850 7.8105 13.1000 142.55 1359.50 150.00 2.5445 2.1150 58.350 6.8450 146.700 2.1050 47.65 812.30 127.600 29.592 6.5360 1.5580 30.200 26.050 158.90 101.12 100.55 SINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1975 = 100. NEIGHTS 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. *VALUE I S U.S. CENTS
@FedFRASER