Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : August 20, 1990

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

August 20, 1990

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, QC. 20551




Table of Contents

TABLES
1. LATEST FIGURES PLOTTED
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 INDIES




SUBSCRIPTION RATES:
Weekly $24.00 per year or $.60 each in the United
States, its possessions. Canada, and Mexico: 10 or
more of the same issue to one address. $22.50 per
year or $.55 each. Elsewhere. $30.00 per year or $.70
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.

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

140

140
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

I

I

I

I

I

I

I

I

I

BELGIAN FRANC

'

'

I

I

I

I

I

I

I

'

<

i

i

—

SWISS FRANC

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

I

I

I

I

I

'

I

I

i

I

i

i

i

I

i

i

i

i i
1988

I

i

i

i

I

i

JAPANESE YEN

'

i

'

I

i

i

i

CANADIAN DOLLAR

U.K. POUND

i

I

'

I

i

i

i

l

i

I

i

I

I

I

I

I

I

GERMAN MARK
DUTCH GUILDER

i

i

i

l

i

i

i

I

i

i

i

I

i

i

i

'

i

i

l

i

i

ITALIAN LIRA
FRENCH FRANC

i

i

i

I




i

i i
1988

l

i

i

i

l

i

i i
1990

i

i

i

I

i

i i
1990

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

4

4
U.K. POUND

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

GERMAN MARK

I

1

1

1

I

I

I

I

I

I

I

I

I

I

I

I

1

I

I

1

I

1

I

I

I

I

I

I

l

4

DUTCH GUILDER

1

1

1

1

1

1

1

1

•

•

FRENCH FRANC




I

8

SWISS FRANC

1

I

JAPANESE YEN

1

•

I

1988

ITALIAN LIRA

1990

1988

I

I

I

I

I I
1990

I 12

CHARTS

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUI
i

U.S. D LLARS PER FINE OUNCE
520

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

480

460

440

420

400

380

1987




1988

1989

1990

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
16

16

12

FRANCE

U.S. FEDERAL FUNDS

12

JAPAN

0

'

'

•

l

•

'

'

i

•

'

•

i

i

i

I

i

i

'

'

I

•

'

'

l

•

•

•

16

16

12

12

CANADA
GERMANY

I

I

I

I

I

'

I

I

'

'

I

'

'

UNITED KINGDOM




•

•

'

I

'

'

i

l

'

•

i

l

i

i

SWITZERLAND

NETHERLANDS

1988

1990

1988

1990

i

CHARTS

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANN

ENTPER ANNUM

10

12
—

10

8

SWISS INTERBANK RATE

U.S. CD'S

8

6

6

4
WEIGHTED AVERAGE
FOREIGN RATE

4

2

i

i

i

I

i

•

'

I

2
•

•

j

i

»

»

I

i

»

I

I

I

1

'

I

1

'

'

I

1

'

1

0
16

16

14 —

14

U.K. INTERBANK STERLING

CANADIAN FINANCE CO.
PAPER

12

12

10

10

8

8
6
10

I

I

8 —

I

I

I

I

1

1

1

'

•

1

•

•

'

I

'

I

I

I

I

I

I

I

I

I

I

I

I

I

FRENCH INTERBANK RATE

GERMAN INTERBANK RATE

6
12
10

6

8

4

6

2

I

I

I

I

I

•

•

I

•

•

'

I

•

•

I

4
10

10
NETHERLANDS INTERBANK RATE

8

8
JAPANESE CD RATE

6

6
4

4

2

'

i

'

I




i

' •
1988

1

'

i

'

I

'

i i
1990

1

1

1

I

1

1

1

1988

I

1

1

1

I

1

1

1

1990

2

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
CENT PER ANNUM

PERCENT PER AN

14
OVERNIGHT

3-MONTH

12

10

8

6
i

4
14

i

i

I

i

i

i

I

i

'

'

I

i

i

i

•

i

i

I

i

7-DAY

12

i

'

l

i

' I

i

'

4
14

6-MONTH

12

10

10

8

8

6

6
'

4
14

'

•

I

'

•

»

I

•

•

•

I

'

'

'

'

I

I

'

1-MONTH

12

•

'

I

•

•

'

I

I

I

1-YEAR

4
14

12

10

10

8

6

4

I

'

'

'

l




'

' •
1988

I

'

•

•

i

•

• i
1990

i

i

I

'

i i
1988

I

i

i

'

I

I

I
1990

+

#

r

'

#

#

w

s

•

—

#

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

14

14

12

12

10

OVERNIGHT

EURO-DOLLAR DEPOSITS

10

3-MONTH
EURO-DOLLAR DEPOSITS

FEDERAL FUNDS

90-DAY CD'S

DASHED LINE

J

1 1 1 1 I




DASHED LINE

I

I

I

I

I

I

I

I

I

J—I—I—I—I—I—l

I

i

i

i

I

i

I

I

I

I

I

I

J

L

DIFFERENTIAL
DIFFERENTIAL

1988

J—I—i

i

i

l_j_
1990

-I—I—I—I—I—I
1988

I
I
1990

CHARTS

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUI

DENT PER ANNUM

16

12

INTERBANK STERLING

—

CANADIAN FINANCE
CO. PAPER, COVERED

—

DASHED LINE

COVERED LONDON

8

0
2

DASHED LINE

•

1

1

1

+

0

2

U.S. COMMERCIAL PAPER

EURO-DOLLAR DEPOSITS

4

i

i

1

I

i

'

I

»

i

i

I

i

•

i

i

I

»

I

i

'

'

1

I

1

1

I

1

'

1

I

'

»

DIFFERENTIAL

DIFFERENTIAL

i

I

I

1

'

1

I

'

i

I

i

I

I

1

I

1 1

I

I

I

I

1

I

I

I

•

•

16

12

INTERBANK DM

SWISS INTERBANK (SF) COVERED

COVERED FRANKFURT

8

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

—

DASHED LINE

I

I

I

I

I

1

'

I

1

1

1

I

•

'

I

DASHED LINE

I

I

I

I




'

I '
1988

I

I

1

1

I

1

1

1

I

»

DIFFERENTIAL

DIFFERENTIAL

»

I

I

'

I

I

I

I

I
1990

i

i

i

I

i

• •
1988

l

1

•

1

1

'

' '
1990

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

14
UNITED STATES

14

CANADA

12

12

10

10

'

6
14

i

i

I

'

'

'

l

'

'

'

i

•

J__L

UNITED KINGDOM

i

i

i

I

i

i

i

I

i

i

'

I

'

'

FRANCE

12

i

6
14

12

10

10

'

6
10

'

'

I

'

'

'

I

'

•

<

I

'

i

i

SWITZERLAND

i

i

i

l

i

JAPAN

i

'

i

i

i

i

'

i

'

10
NETHERLANDS

GERMANY

MONTHLY

i

i




'

I

i

' i
1988

I

'

•

'

i

•

•
1990

1988

1990

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SC>
1986=

ICALE

O
200
175

5
— NETHERLANDS

. UNITED STATES

1

1

150

1

125

1

100
75

50
400
350

•

i i i i • • i ' i ' I i i i

•

i i l » • • '

1

1

1

I

1

• •

__ GERMANY

JAPAN

300
250
200
150

100
200
175

•

»

'

l

t

•

•

I

1

1

1

I

1

1

1

I I I I I I I 1 1 I I I I I I
__ FRANCE

• SWITZERLAND

150
125
100

i i i I i ' ' i ' i i I i i

__ UNITED KINGDOM

.CANADA

_i__L

'




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 l
1988

1990

I I I I I ' ' I ' • '
1988

1990

SERIES
18-Jul~90 25-Jul-90 l-Aug-90
Chart 1.

8-Aug-90

15-Aug-90

Spot Exchange Rates and Indices

Noon buying rates (U.S. cents, weekly averages)
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Indices, March 1973 base rates

Weighted average exchange value indices

Chart 2.

3.0646
86.932
18.786
62.978
0.08609
0.66738
55.897
74.468
186.40

3.0799
87.254
18.892
63.361
0.08641
0.66915
56.238
75.852
188.59

115 .95
86 .14
81 .49
170 .62
47 .52
,
176 .96
154 .47
228 .81
73, 13

117 .29
86 ,
.28
82 .44
172..57
48 .09
.
176 ,
.27
156 .29
231 .31
73. 50

119 .31
86 .48
83 .79
175 .23
48 .85
176 ,
.54
158 .67
236 .05
74..47

120 .76
86 .64
84 .65
177 .16
49 .42
174 .74
160 .47
239..57
75..39

121 .37
86 .96
85 .13
178 .24
49 .60
175 .21
161 .
.45
244..03
76 ,20

108 .61
76 .91
73 .57
173 .89
41 .13
169 .26
147 .47
(?1.58
218 . 66
64 .79
88 .25

109 .33
76 .58
73 .94
174 .95
41 .39
166 .24
148 .33
67 .62
220 .68
65 .26
87 .59

109 .37
76 .50
74 .01
175 .23
41 .34
165 .85
148 .55
67 .64
223 .81
65 .68
87 . 07

Mar. 1973=100
107.14
77.87
72.57
171.60
40.61
172.70
145.71
67.35
215.19
64.61
90.01

107 .76
77 .51
73 .03
172 .70
40 .87
170 .80
146 .60
67 .50
216 .26
64 .54
89 .33

-5.20
-1.88
-0.10
-2.99
0.55
0.01
-0.79
-6.52

-5 .24
-1 .83
-0 .17
-3 .17
0 .38
.
-0..14
-0..89
-6..66

-5 .14
-1 .86
-0 .30
-3 .26
0 .22
,
-0,.36
-0..99
-6 .76
.

359.68

366 .17

369. 15

381 .99

397 .43

8.14
8.08
13.78
10.01
8.01
7.38
7.74
8.38
14.85

8. 05
7 .94
13. 70
9.86
7 .96
7 .41
7 .77
7 .88
14. 90

8. 03
7 .88
13. 38
9.79
7 .95
7 .41
8. 03
7. 88
14. 86

8. 07
7 .95
13. 83
9.66
8. 05
7 .33
8. 28
8. 08
14. 93

8 .13
8 .00
13.63
9. 35
8. 00
7 .31
8. 26
7 .98
14. 91

-5 .15
-2 .10
-0 .58
-3 .38
0.
, 14
-0,.56
-1 .19
,
-6 .79
.

-5,.04
-2 .04
-0..53
-3..51
0..18
- 0 .56
.
-1 .09
-6 .77

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

3.0278
86.765
18.594
62.292
0.08510
0.67427
55.270
73.373
184.12

3-Month Forward Exchange Rates, Premium or Discount

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

2.9765
86.564
18.295
61.345
0.08379
0.67322
54.441
71.900
181.72

100

Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. dollar

2.9426
86.425
18.083
60.654
0.08279
0.67587
53.808
71.123
180.80

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom




SERIES
18-Jul-90 25-Jul-90 l-Aug-90
Chart 5.

8.12
13.64
10.03
8.24
7.67
8.14
8.75
14.91
9.95

8. 00
13. 51
9.81
8. 15
7.70
8. 16
8.75
14. 94
9. 90

7 .93
13. 40
9. 81
8. 17
7 .78
8. 24
8. 75
14. 95
9. 94

7 .86
13. 33
9.84
8. 38
7 .83
8. 42
8. 83
14. 96
10. 03

7.89
13. 20
10. 00
8. 39
7. 92
8. 49
8.85
14. 96
10. 06

8.08
8.09
8.09
8.11
8.16
8.25

7 .94
7 .95
8. 00
8. 01
8. 04
8. 15

7 .88
7 .91
7 .94
7 .91
7 .90
7 .99

7 .95
7 .94
7 .94
7. 88
7 .88
7. 96

8. 00
8. 00
7. 94
7 .91
7 .89
8. 00

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

15-Aug-90

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

8-Aug-90

Selected Euro-dollar & U.S. Monei/ Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

8.08
8.14
-0.06

7 .94
8.,05
-0.,11

7 .88
8. 03
-0 ,16

7 .95
8. 07
-0,,12

8. 00
8. 13
-0. 13

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential

8.11
8.12
-0.00

8 .01
8..00
0 .01

,
7 ,91
7 .93
.
-0..02

7 .88
.
7 .86
,
0 .01

7 .91
.
7 .89
.
0 .02

Euro-dollar deposit
Interbank sterling (London)> covered
Differential

8.11
8.15
-0.03

8 .01
8 .02
-0 .01

,
7 .91
7 .94
-0 .02

7 .88
7 .91
-0 .04

7 .91
7 .94
-0 .02

U.S. commercial paper
Canadian finance paper, covered
Differential

8.01
8.26
-0.25

7 .90
8 .10
-0 .20

7 .82
8 .09
-0 .27

7 .76
8 .01
-0 .25

7 .81
7 .99
-0 .19

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

8.11
8.13
-0.02

8 .01
7 .98
0 .03

7 .91
7 .86
0 .05

7 .88
7 .79
0 .09

7 .91
7 .85
0 .06

8.11
7.95
0.17

8 .01
7 .84
0 .17

7 .91
7 .74
0 .17

7 .88
7 .61
0 .27

7 .91
7 .73
0 .18

10.82
10.22
8.71
7 .07
6.06
10.78
8.47

10 .77
10 .05
8 .64
7 .29
6 .04
10 .74
8 .50

10 .54
10 .10
8 .66
7 .48
6 .08
10 .73
8 .38

10 .86
10 .03
8 .89
7 .85
6 .05
11 .02
8 .62

ND
ND
8 .96
ND
6 .24
11 .15
8 .68

118.,45
147.,03
122 .46
174 .47
108 .70
142 .88
144 .75
143 .42

118..94
144..85
121 .20
169 .89
107 .94
141 .58
143 .75
142 .89

115..84
135 .24
110 .42
158 .80
102 .20
130 .04
135 .66
136 .29

.91
116 ,
130,.69
110 .30
158 .76
101 .65
131 .02
135 .63
137 .13

Chart 8.

Interest Arbitrage, 3-Month Funds

Euro-dollar deposit
Swiss interbank, covered
Differential
Chart 9.

Long Term Government Bond Yields

Canada
France
Germany
Japan
Switzerland
United Kingdom
United States
Chart 10.

;)
Stock Indices (Wednesday figures)

Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom
United States

119. 33
148. 03
124. 54
181. 31
109. 24
145. 50
147 .46
146. 17

Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General, FAZ Aktien,
Tokyo SE (Topix), CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite



FEDERAL RESERVE statistical release
H.10(512)

Au^ist 20, 1990

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

AUGUST 17, 1990

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
DOLLAR
AUSTRIA
SCHILLING
BELGIUM
FRANC
CANADA
DOLLAR
CHINA,P.R.
YUAN
DENMARK
KRONE
*EURO COMMUNITY ECU
FINLAND
MARKKA
FRANCE
FRANC
GERMANY
D. MARK
GREECE
DRACHMA
HONG KONG
DOLLAR
INDIA
RUPEE
•IRELAND
POUND
ITALY
LIRA
JAPAN
YEN
MALAYSIA
RINGGIT
NETHERLANDS
GUILDER
*NEH ZEALAND
DOLLAR
NORWAY
KRONE
PORTUGAL
ESCUDO
SINGAPORE
DOLLAR
SOUTH AFRICA
RAND
SOUTH KOREA
HON
SPAIN
PESETA
SRI LANKA
RUPEE
SWEDEN
KRONA
SWITZERLAND
FRANC
TAIWAN
DOLLAR
THAILAND
BAHT
•UNITED KINGDOM POUND
MEMO:
••UNITED STATES

DOLLAR

(CURRENCY UNITS PER DOLLAR)
Aug. 14
Aug. 15
Aug. 16

Aug. 13
0.8025
11.085
32.420
1.1470
4.7339
6.0100
1.3181
3.7185
5.2915
1.5770
155.25
7.7400
17.350
1.7033
1156.25
150.35
2.6980
1.7764
0.6085
6.1100
139.25
1.7990
2.5800
719.10
96.73
40.018
5.7880
1.3165
27.353
25.660
1.8840

0.8061
11.028
32.270
1.1454
4.7339
5.9840
1.3233
3.6920
5.2700
1.5695
154.40
7.7700
17.340
1.7112
1151.50
149.48
2.6870
1.7678
0.6075
6.0840
138.40
1.7980
2.5700
719.90
96.33
40.018
5.7690
1.3060
27.315
25.640
1.8925

87.09

0.8071
10.998
32.150
1.1435
4.7339
5.9690
1.3230
3.6925
5.2445
1.5630
154.05
7.7720
17.280
1.7170
1147.50
147.45
2.6945
1.7610
0.6180
6.0625
138.10
1.7960
2.5800
N.A.
96.00
40.018
5.7590
1.2930
N.A.
25.590
1.8998

86.71

86.25

Aug. 17

0.8045
11.003
32.180
1.1482
4.7339
5.9715
1.3255
3.6940
5.2520
1.5643
154.50
7.7710
17.370
1.7168
1150.00
148.38
2.6950
1.7625
0.6173
6.0655
138.65
1.7960
2.5720
719.70
95.98
40.018
5.7555
1.3035
N.A.
N.A.
1.8980
86.45

0.8070
10.893
31.980
1.1445
4.7339
5.9350
1.3375
3.6840
5.2100
1.5508
153.05
7.7710
17.260
1.7220
1142.25
147.57
2.6930
1.7472
0.6190
6.0290
137.45
1.7910
2.5753
720.50
95.23
40.018
5.7250
1.2815
N.A.
25.580
1.9190
85.78

•VALUE IS U.S. DOLLARS

1978HFEDEML^ESERVEH^LETINUE °F ™




E

U-S-

D0LLAR:

REVISION" ON PAGE 700 OF THE AUGUST

SSSStJE,1S
' JFUS

0F C0 ERCES

* '