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Selected Interest &
Exchange Rates
Weekly Series of Charts
August 20, 1984
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 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
iCALE
1973=100
RATIO
MARCH 197 5=100
160
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
-
JAPANESE YEN
140
120
-
100
I
I
I
80
240
CANADIAN DOLLAR
SWISS FRANC
200
L
-
160
I II I I I I I I I I
-x -
120
180
160
GERMAN MARK
140
DUTCH GUILDER
120
100
120
100
FRENCH FRANC
U.K. POUND
80
60
50
—
BELGIAN FRANC
80
70
ITALIAN LIRA
-
60
50
40
u 1111 i M i 7 T i T ? r ^ 111
1982
1984
1982
1984
30
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
24
6
-
CANADIAN DOLLAR
rjL J
I
-
+
0
V
-VVUv
I
ITALIAN LIRA
I I | I I | I I | l " 24
I
V*\
iDUTCH GUILDER
fr
J.| K. POUND
—/V,
—
6
" l
I I I I I I I I I I I
9
I
I
i ill i h i l i i
i ill i h i l i i
15
12
\
SWISS FRANC
-
GERMAN MARK
Y\ r\.
| ||
^:
11111111111
I
I
I
16
FRENCH FRANC
12
JAPANESE YEN
-
I IMill I
1982
1984
I
1982
1984
8
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
I I I I I I I I I
250
1981
1982
1983
250
1984
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
28
24
24
-
20
-
V
20
V
y A
FRANCE
-
u . S. FEDERAL FUNDS
16
16
WNl/V/
-
12
-
8
-
4
A
^
JAPAN
I
I
I
l l l l l l l l l l l
l l l l l l l l l l l
i
I
1111 i
|
11111
CANADA
EURO-SWISS
FRANC
NETHERLANDS
U. K. 2-DAY LOCAL AUTHORITY
-
GERMANY
EURO-DM
1982
1984
1982
1984
12
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
T PER ANNUM
PERCENT PER M
22
18
U.S. CD'S
CANADIAN FINANCE CO.
PAPER
14
10
WEIGHTED AVERAGE
FOREIGN RATE
6
i
i
i
i
i
i
i
i,
20
16
U.K. INTERBANK STERLING
GERMAN INTERBANK RATE
12
8
11
SWISS INTERBANK RATE
9
JAPANESE BANK
LOANS AND DISCOUNTS
7
5
1982
1984
1982
1984
CHART 6
EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
ENT PER ANNUM
PERCENT PER Al
24
24
20
20
OVERNIGHT
3-MONTH
16
16
12
12
8
8
4
4
24
24
20
20
7-DAY
6-MONTH
16
16
12
12
8
8
4
4
24
24
20
20
1-MONTH
1-YEAR
16
16
12
12
8
8
4
4
1982
1984
1982
1984
Qj^RT 7
•
SELECTED EURO-DOLLAR J H ) U. S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U . S .
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
26
26
22
FEDERAL FUNDS
18
3-MONTH
-
22
-
18
-
14
-
10
E U R O - D O L L A R DEPOSITS
14
OVERNIGHT
10
E U R O - D O L L A R DEPOSITS
I
I
I
9 0 - D A Y CD S
I
I
11 11 111 1111
f/V
1 1 1 1 1 111
II II I
IDIFFERENTIAL
DIFFERENTIAL
I I I I I I I I I I I I
1982
1984
i
i
i
11111111111
1982
II
I I I I I I I I I
1984
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
P E R C E N T P E R ANNUM
28
28
EURO-DOLLAR DEPOSITS
20
DASHED LINE
CANADIAN FINANCE
CO. PAPER, COVERED
12
INTERBANK STERLING
COVERED LONDON
U. S. COMMERCIAL PAPER -
I ill
4
2
DIFFERENTIAL
—
DIFFERENTIAL
-
~ ^ v V
l y W v V ^
2
~ i
i
i
I
I
I
28
20
12
INTERBANK DM
COVERED FRANKFURT
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
-DASHED LINE
I IIMIIIIiIIII
DIFFERENTIAL
1982
DIFFERENTIAL
1984
1 PERCENT ON DIFFERENTIAL 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
PERCENT PER AN
[NT PER ANNUM
19
—
1
Jl
{CANADA
UNITED STATES
15
-
11
-
I
7
15
I
I
I
I
I
—
—
UNITED KINGDOM
—
ISWITZERLAND
11
—
I
7
I
I
I
I
I
13
GERMANY
-
9
I
5
22
U.S.
CORPORATE
I
I
i l l 11 h i l i i
MONTHLY
FRANCE
18
Aaa BONDS
14
EURO-DOLLAR BONDS
^
V
10
NETHERLANDS
MONTHLY
6
11II n i l I
1982
1984
1982
1984
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCA
1969=10
240
200
-
160
-
120
-
210
—
UNITED STATES
JAPAN
-
*VVW
-
*
-
I
i
r
i
—
170
UNITED KINGDOM
a
/V
A v
V
FRANCE
' —
130
-
90
-
—
I
70
190
—
150
-
110 .
-
I
I
M
I
I I I II I I I I I I 1 1 1 I I I I I I I I
—
GERMANY
^
SWITZERLAND
-
—
I
70
-
K
I
I
I
I
I
MIMIMII.
—I
180
R UyA
NETHERLANDS
—
I
140
100
CANADA
-
-
-
80
60
-
•
I
I
1982
I
IIIIIIIIIM
:
-
llllllllll!
1984
-
I
I
I
I
I
1982
I
1984
LASI VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART
1. SPOT EXCHANGE BATES AND INDICES
WEEKLY AVERAGES, NOON BUYING RATES
(U.S. CENTS)
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIB A
SWEDISH KRGIA
INDICES, MARCH 1973 BASE BATES =
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
15
15
15
15
15
15
15
15
15
15
34. 53
0.41203
30.66
131.37
76.51
11.25
41.09
1.70955
0.05614
11.93
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
15
15
15
15
15
15
15
15
15
97. 14
107.88
88.02
53. 13
76.26
50.71
132.21
67.36
31.89
15
15
15
15
15
15
15
15
15
15
15
140.56
133.09
146.97
116.19
66.88
99.66
63.23
175.58
87.48
39.00
68.23
15
15
15
15
15
15
15
15
-0.53
1.39
6. 14
0. 14
7.22
5.55
5.62
-2.97
100
-
CGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 =
(G-10 COUNTRIES PLUS SWITZERLAND)
100
U.S. DOLLAR
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS F R A N C
BELGIAN F R A N C
ITALIAN LIRA
SWEDISH KBONA
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
CHART 2. 3-MONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT
CANADIAN DOLLAR
U.K. POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
ITALIAN LIRA
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
%
SERIES NAME
LAST VALDE rLOTTED
DATE
VALUE
CHART 3. GOLD PRICE IS LONDON, AFTERNOON FIXING
U.S. DOLLARS PES FINE OUNCE
AUG.
15
34 7.88
AUG.
AUG.
AUG.
JULY
AUG.
AUG.
AUG.
AUG.
JAN.
AUG.
15
15
17
20
17
17
17
17
1
17
1 1.63
11.50
1 1.63
1 1.57
5.55
4. 97
6. 13
12.00
10.30
1.70
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
15
15
8
15
15
15
15
11.43
6.08
6.28
12.39
10.88
4.70
8.90
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
15
15
15
15
15
15
50
11. 58
1 1 . 60
1 1 . 79
12. 03
12. 39
AUG. 15
AUG. 15
AUG. 15
50
11. 63
- 0 . 13
AUG. 15
AUG. 15
AUG. 15
11.
4. CALL MONEY RATES
U.S. FEDERAL FUNDS
0VE8NIGHT EURO-DOLLAR DEPOSITS
U. K.
CANADA
GERMANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC
CHART 5. 3-MONTH INTEREST RATES
U.S. 90-DAY CD'S, SECONDARY MARKET
GERflAN INTERBANK LOAN
J A P A N E S E BANK LOANS 6 DISCOUNTS
C A N A D I A N FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN INTEREST RATE
CHART 6. EURO-DOLLAR DEPOSIT BATES: LONDON
OVERNIGHT
7-DAY
1-MO NTH
3-MONTH
6-MONTH
1-YEAB
1 1.
CHART 7. SELECTED EURO-DOLLAR AND U.S. HONEI MARKET BATES
OVERNIGHT EURO-COLLAR DEPOSITS
U.S. FEDERAL PONDS
DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS
3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 90—DAY CD'S, SECONDARY MAfiKET
;• DIFFERENTIAL
11.
11.
0.
79
43
36
4
SERIES NAME
LAST VALUE PLOTTED
DATE
VALUE
CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), COVERED
DIFFERENTIAL
AUG. 15
AUG. 15
AUG. 15
11. 79
12.,30
-0. 51
U.S. COMMERCIAL PAPER
C A N A D I A N FINANCE PAPER, COVERED
DIFFERENTIAL
AUG. 15
AUG. 15
AUG. 15
11., 14
11.85
-0.,71
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
AUG. 15
AUG. 15
AUG. 15
1 1. 79
12..32
-0.53
EURO-DOLLAR DEPOSIT
SSISS INTERBANK, COVERED
DIFFERENTIAL
AUG. 15
AUG. 15
AUG. 15
11.79
12.00
-0.21
CHART 9. LONG TERM GOVERMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
AUG.
AUG.
MARCH
JULY
JULY
MAY
MAY
AUG.
17
17
27
20
4
17
12. 71
7. 88
6. 64
4. 80
13..67
13, 73
8,.52
10., 19
U.S. C O R P O R A T E
AAA BONDS
EURO-DOLLAR BONDS
CHART
10.
13.44
10.29
STOCK INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERflANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
JOL?
NOV.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
8
8
8
8
8
8
8
8
169. 99
184. 46
225. 87
143. 46
124. 59
155. 54
161. 90
210. 18
FEDERAL RESERVE statistical release
H.10 (512)
AUGUST 21, 1984
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
$
AUGUST 17, 1984
The Board of Gcernors 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* 13
•AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHINA,P.a.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
HCNG KCNG
INDIA
•IRELAND
ISRAEL
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
•NEW ZEALAND
NORWAY
PHILIPPINES
PORTUGAL
SINGAPORE
•SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM
VENEZUELA
DOLLAR
SCHILLING
FRANC
CRUZEIRO
DOLLAR
YUAN
KRONE
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
SHEKEL
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
PESO
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND
BOLIVAR
84.15
20.465
58.900
1961.00
1.3069
2.3767
10.6065
6. 1020
8.9410
2.9152
115.950
7.8440
11.5700
105.60
NA
1793.00
244.08
2.3380
196.7500
3.2845
49.700
8.3490
NA
151.750
2. 1480
62.38
810.30
165.600
25.290
8.4185
2.4505
NA
23.020
130.50
12.6500
MEMO:
IUNITED STATES
DOLLAR
COUNTRY
141.38
(CURRENCY UNITS PER DOLLAR
AUG. 14
AUG. 15
84.20
20.310
58.280
1961.00
1.3064
2.3625
10.5070
6.0700
8.8650
2.8880
115.300
7.8375
11.5600
106.65
NA
1776.00
241.70
2.3290
197.0000
3.2540
50.000
8.2630
NA
151.000
2.1390
64.25
811.30
164.950
25.290
8.3475
2.4215
39.080
23.000
131.90
NA
140. 14
84.45
20* 220
58.130
1961.00
1.3043
2.3625
10.4900
6.0500
8.8300
2.8785
114.250
7.8320
11.5200
107.20
NA
1771.00
241.90
2.3300
197.0000
3.2410
50.000
8.2800
NA
150.500
2. 1440
65.10
811.30
163.900
25.290
8.3460
2.4115
39.080
23.020
132.03
NA
139.82
AUG. 16
AUG. 17
85.52
20.055
57.720
1993.00
1.3040
2.3625
10.4370
6.0150
8.7675
2.8572
114.600
7.8300
11,5600
108.00
NA
1764.00
240.80
2.3270
198.0000
3.2185
50.120
8.2440
NA
149.750
2. 1375
66.81
810.30
163.350
25.280
8.3125
2.3755
39.080
23.020
132.75
NA
85.25
20.070
57.850
1993.00
1.3045
2.3625
SO.4340
6.0215
8.78C0
2.8611
114.700
7.8390
11.5400
108.00
NA
1769.00
241.10
2.3290
197.7500
3.2250
50.200
8.2470
NA
150.500
2.1410
65.00
810.00
163.650
25.280
8.3140
2.3835
39.080
23.020
132.20
NA
139.01
139.27
•INDEX Ci WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-11
COUNTRIES. MARCH 1973 = 100. HEIGHTS ARE 1972-76 GLOBA1 TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED—AVER AGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
•VALUE IS U.S. CENTS
@FedFRASER