Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : August 27, 1990

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Selected Interest 8f
Exchange Rates
Weekly Series of Charts

August 27,1990

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DC. 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.
5.
6.
7.

CALL MONEY RATES
3-MONTH INTEREST RATES
EURO-DOLLAR DEPOSIT RATES
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

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

140
130

BELGIAN FRANC

120
110

100
90
80

•

i

—

i

I

i

i

'

I

»»

i

l

i

i

i

'

i

—

SWISS FRANC

I

i

i

i

I

i

i

i

I

i

i

i

70
280
260
240

JAPANESE YEN

—4 220

200

180
160
140

i

I

i

i

i

I

i

i

i

I

i

i

i

i

'

l

i

'

i

I

i

i

i

I

i

i

i

CANADIAN DOLLAR

U.K. POUND

120
100
90
80
70
60

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

» •

I

•

I

'

GERMAN MARK

50
200

180

DUTCH GUILDER

160
140

120
•

i

'

I

i

«

1

I

1

•

1

1

I

1

1

i
—

—

i

I

i

i

i

I

i

» i

I

i

i

100
60
55

ITALIAN LIRA

50

FRENCH FRANC

45

/ v

^

X

y

40

x

35
30

I

I

I




I

I

I I
1988

I

i

i

i

i

i

i i
1990

i

» i

I

» » i
1988

I

i

i

i

I

i

i
1990

i

25

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
4

CANADIAN DOLLAR

I

I

I

I

1

1

U.K. POUND

1

I

M

i

l

l

1

1

1

GERMAN MARK

'

I

•

I

PERCENT PER ANNUM
4

1

1

1

1

1

1

1

1

1 1

1

1

1

1

1

1

1

1

1

1

1

1

1

JAPANESE YEN

» I

I

I

I

I

» I

I

—1—J—1

SWISS FRANC

1

1

1

DUTCH GUILDER

—

V "
W

i i i l i i i I

z

FRENCH FRANC

v - W W V

12

1

1

1




1

1

1

1
1988

1

1

1

1

1

I

I

i

i

v

M i l

i

M

i

i

i

i

M

1

i

l

I

I

i

i

1

1

1

1

i

v

i

ITALIAN LIRA

i i i
1990

i

i

i

M

1988

1 1
1990

12

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U S

U.S. D LLARS PER FINE OUNCE
520

12.5 Kg BARS
AFTERNOON FIXING PRICE

440

440

420

420

400

400

380

380

360

360

340

340




480

460

460

320

520

500

500

480

- DOLLARS PER FINE OUI

320
1988

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
— I 16

16

12

—

U.S. FEDERAL FUNDS

12

FRANCE

JAPAN

0

i

i

i

I

'

'

'

I

•

» i

l

» i

i

i

'

I

» '

•

I

•

•

•

l

i

i

'

16

16

12

12
CANADA
GERMANY

i

i

l

i

'

'

i

'

•

•

I

» '

•

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

0
20

UNITED KINGDOM




SWITZERLAND
16

12

NETHERLANDS

'
1988

1990

1988

i

l

i

i

i

I

•

i
1990

i

CHARTS

3-MONTH INTEREST RATES
WEEKLY SERIES
:ENTPER ANNUM

12
—

10

SWISS INTERBANK RATE

U.S. CD'S

8

6
WEIGHTED AVERAGE
FOREIGN RATE

4
2
16

i

14

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

U.K. INTERBANK STERLING

i

I

i

i

i

I

'

i

i

I

I

I

I

I

I

i

i

I

i

i

i

CANADIAN FINANCE CO.
PAPER

12

10

8

6
10

l

l

8 —

l

I

l

l

I

I

l

I

I

I

l

I

l

I

GERMAN INTERBANK RATE

I

I

I

I

I

I

I

FRENCH INTERBANK RATE

6

4
2
10

l

l

l

I

l

l

l

I

l

l

l

I

I

l

I

i

i

i

I

i

i

i

I

i

NETHERLANDS INTERBANK RATE

8
JAPANESE CD RATE

6

4
2

i

i

i




I

i

' i
1988

I

i

i

i

I

i

» i
1990

1

1

1

I

1

i 1
1988

I

i

1

'

I

1

'

'

CHART 6

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

PERCENT PER ANNUM

14

14

OVERNIGHT

12

3-MONTH

12

10

10

i

4
14

i

i

I

i

i

i

l

'

i

i

l

i

i

i

i

i

i

I

i

'

« I

'

•

i

I

i

i

i
14

7-DAY

12

6-MONTH

12

10

4
14

10

'

1

'

l

'

1

1

I

« •

i

I

i

i

'

'

•

l

•

•

•

I

« » i

I

i

» «
14

1-MONTH

12

1-YEAR

12

10

10

i

i

i




I

i

i
1988

i

i

i

i

i

i

i

i
1990

•

'

•

•

I

' I '
1988

I

i

i

•

i

•

•
1990

•

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 I

DASHED LINE

I

I

'

I

I

I

I

I

I

J

1

1

1

1

I

I

I

I

I

I

I

I

J

L

DIFFERENTIAL
__

DIFFERENTIAL
—

L

V ' v V l M

I

I

I!




I

I

I
1988

I

I

I

I

I

I

I

I '
1990

1— I

I

I

I

I
1988

1

I

1

1

1

1

1

1
1990

1

CHART 8

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

PERCENT PER ANN!

16

12

INTERBANK STERLING

—

CANADIAN FINANCE
CO. PAPER, COVERED

COVERED LONDON

8

4

EURO-DOLLAR DEPOSITS

—

0

U.S. COMMERCIAL PAPER

DASHED LINE

•

i

» I

i

'

•

> i

i

DASHED LINE

'

I

i

i

i

i

i

I

i

i

i

I

i

'

i

I

i

i

'

l

i

i

i

l

i

i

i

i

2
DIFFERENTIAL

DIFFERENTIAL
+

0 -V

2
16

-^ Vv v v~ VV-y/WV V

I

I

12

I

I

< I

I

I

I

I

I

I

I

< I

i

'

INTERBANK DM

i

l

i

i

i

SWISS INTERBANK (SF) COVERED

COVERED FRANKFURT

8

EURO-DOLLAR DEPOSITS

4

0

EURO-DOLLAR DEPOSITS

DASHED LINE

i

i

i

I

i

i

i

I

i

i

DASHED LINE

i

I

i

i

i

i

i

i

I

i

i

i

I

i

i

i

I

i

i

I

l

l

l

I

l

l l
1990

2
DIFFERENTIAL
+

0

2

iV

w

•

•

DIFFERENTIAL

'




'

•

' •
1988

I

\avvw^"

'

i

'\j' w

•

I

'

r

' i
1990

I

I

I

I

l

l l
1988

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

14

14 (

CANADA

UNITED STATES
12

12

10 —

10

» i

i

l

i

i

i

l

i

'

i

l

i

i

i

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

14

14
UNITED KINGDOM

FRANCE

12

12

10

10

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

I

I

I

I

I

I

I

I

I

» 1 I

I

I

I

10

10
SWITZERLAND

i

i

i

l

JAPAN

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

10

10
NETHERLANDS

GERMANY

MONTHLY

i

i

i




I

i

i i
1988

I

i

i

i

I

i

i i
1990

i

i

i

I

i

i i
1988

l

i

i

i

l

i

i i
1990

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100

RATIO SCALE
1986=100

200

200

— NETHERLANDS

— UNITED STATES

JAPAN

GERMANY

SWITZERLAND

FRANCE

CANADA

UNITED KINGDOM




1988

1990

1988

1990

SERIES
25-Jul-90 l-Aug-90
C h a r t 1.

(U.S.

cents,

weekly averages)

Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound
Indices,

2.9765
86.564
18.295
61.345
0.08379
0.67322
54.441
71.900
181.72

M a r c h 1973 b a s e r a t e s

117 .29
86 .28
82 . 4 4
172 .57
48 .09
176 .27
156 .29
231 . 3 1
73 .50

Weighted a v e r a g e exchange v a l u e i n d i c e s ,
Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swedish krona
Swiss f r a n c
U . K . pound
U.S. d o l l a r

U.S.

3-Month Forward Exchange Rates

Gold P r i c e i n

London,

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
188.39

3.1215
87.528
19.113
64.252
0.08683
0.68033
57.021
77.679
191.71

119
86
83
175
48
176
158
236
74

.31
.48
.79
.23
.85
.54
.67
.05
.47

120
86
84
177
49
174
160
239
75

.76
.64
.65
.16
.42
.74
.47
.57
.39

121 .37
86 .96
85 . 1 3
178 . 2 4
49 .60
175 . 2 1
161 . 4 5
244 . 0 3
76 .20

123 .00
87 .24
86 .13
180 .75
49 .84
178..13
163..69
249, 91
77. 54

109
76
74
175
41
165
148
67
223
65
87

.37
.50
.01
.23
.34
.85
.55
.64
.81
.68
.07

109 .76
75 .93
74 .14
176 .07
41 . 1 1
167 .08
149 .16
67 .57
227 .02
66 .22
85 .97

1973=100
108 . 6 1
76 ,. 9 1
73 .57
173 .89
41..13
169..26
147,.47
67 ,.58
218. .66
6 4 , .79
8 8 , 25

109. .33
76 ..58
7 3 , 94
1 7 4 , 95
41 . 39
166 . 24
1 4 8 . 33
67 . 62
2 2 0 . 68
6 5 . 26
87 . 59

Vemium o r D i s c o u n t
-5.24
-1.83
-0.17
-3.17
0.38
-0.14
-0.89
-6.66

d o l l a r s per f i n e ounce

Chart 4.

Mar.
107.76
77.51
73.03
172.70
40.87
170.80
146.60
67.50
216.26
64.54
89.33

Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound

3.0278
86.765
18.594
62.292
0.08510
0.67427
55.270
73.373
184.12

= 100

Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound

Chart 3.

15~Aug-90 22-Aug-90

S p o t Exchange R a t e s a n d I n d i c e s

Noon b u y i n g r a t e s

Chart 2.

8-Aug-90

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

- 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

- 4 .71
- 2 .03
- 0 .33
- 3 .37
0 .19
- o .34
- 0 . .73
- 6 ..58

366.17

3 6 9 . 15

3 8 1 . 99

397 . 43

408..70

8.05
7.94
13.70
9.86
7.96
7.41
7.77
7.88
14.90

8 . 03
7 . 88
1 3 . 38
9 . 79
7 . 95
7 . 41
8 . 03
7 . 88
1 4 . 86

8 . 07
7 . 95
1 3 . 83
9 . 66
8 . 05
7 . 33
8 . 28
8 . 08
1 4 . 93

8 . 13
8 . 00
1 3 . 63
9 . 35
8 . 00
7 . 31
8 . 26
7 . 98
1 4 . 91

A f t e r n o o n F ii xx i n g

C a l l Money R a t e s

U.S. f e d e r a l f u n d s
Overnight Euro-dollar
Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom




deposits

8.
8.
13.
9.
7.
7.
8.
7.
14.

30
13
53
81
95
38
11
88
83

25-Jul-90
Chart 5.

3-Month I n t e r e s t

Euro-Dollar

Interest

Arbitrage,

Euro-dollar deposit
Interbank s t e r l i n g (London),
Differential
U.S. commercial paper
Canadian f i n a n c e p a p e r ,
Differential

.93
.40
.81
.17
.78
.24
.75
.95
.94

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

7
7
7
7
7
7

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

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
13
10
8
8
8
8
14
10

.04
.05
.04
.35
.03
.42
.75
.98
.07

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

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

8
8
8
8
8
8

.13
.08
.05
04
.05
.16

7
7
7
7
7
7

7 .88
8 .03
- 0 .16

7 .95
8 .07
- 0 .12

8 .00
8 .13
-0 .13

8 13
8. 30
- 0 . 17

8..01
8..00
0 .01

7 .91
7 .93
- 0 .02

7 .88
7 .86
0 .01

7 .91
7 .89
0 .02

8 .04
8 .04
- 0 .00

8..01
8..02
- 0 . .01

7 .91
7 .94
- 0 .02

7 .88
7 .91
- 0 .04

7 .91
7 .94
- 0 .02

8 04
8. 15
- 0 . 11

7..90
8..10
- 0 . .20

7 .82
8 .09
- 0 .27

7 .76
8 .01
- 0 .25

7 .81
7 .99
- 0 .19

7. 93
8 18
- 0 .26

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 .04
8 02
0 .02

8 .01
7 .84
0 .17

7 .91
7 .74
0 .17

7 .88
7 .61
0 .27

7 .91
7 .73
0 .18

8 .04
8 .01
0 .03

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

ND
10.56
8.96
ND
6.24
11.14
8.67

ND
10.47
9.00
ND
6 .39
11.37
8.82

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

3 - M o n t h Funds
covered

covered

Euro-dollar deposit
I n t e r b a n k DM ( F r a n k f u r t ) ,
Differential

covered

Euro-dollar deposit
Swiss i n t e r b a n k , c o v e r e d
Differential
Long Term G o v e r n m e n t Bond Y i e l d s

Canada
France
Germany
Japan
Switzerland
U n i t e d Kingdom
United States
C h a r t 10.

7
13
9
8
7
8
8
14
9

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

deposits

3-month E u r o - d o l l a r d e p o s i t
U.S. 90-day C D ' s , s e c o n d a r y market
Differential

Chart 9.

8 .00
13,,51
9 .81
8 .15
7..70
8,.16
8 .75
14..94
9..90

S e l e c t e d E u r o - d o l l a r & U . S . Money M a r k e t R a t e s

Overnight E u r o - d o l l a r
U.S. f e d e r a l f u n d s
Differential

Chart 8.

15-Aug-90 22-Aug-90

D e p o s i t Rates

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

8-Aug-9Q

Rates

U.S. 90-day C D ' s , s e c o n d a r y market
Canadian f i n a n c e paper
French i n t e r b a n k r a t e
German i n t e r b a n k r a t e
Japanese CD r a t e
Netherlands i n t e r b a n k r a t e
Swiss i n t e r b a n k r a t e
U.K. i n t e r b a n k s t e r l i n g
Weighted average f o r e i g n i n t e r e s t r a t e
(G-10 C o u n t r i e s )
Chart 6.

l-Aug-90

Stock

Canada
France

Germany
Japan

Netherlands
Switzerland
U n i t e d Kingdom
United States

Indices

11.02
8.62

(Wednesday f i g u r e s )
116
130
110
158
101
131
135
137

.91
.69
.30
.76
.65
.02
.63
.13

114,.74
115 .13
100 .27
146 .68
97 .75
120 .23
125 .88
128 .07

I n d i c e s ( i n o r d e r , r e b a s e d t o 1986 = 1 0 0 ) a r e T o r o n t o C o m p o s i t e , CAC G e n e r a l , FAZ A k t i e n ,
T o k y o SE ( T o p i x ) , CBS A l l - G e n e r a l , S w i s s Bank I n d e x , F i n a n c i a l T i m e s O r d i n a r y , NYSE C o m p o s i t e



FEDERAL RESERVE statistical release
H.10(512)

August 27, 1990

FOREIGN EXCHANGE RATES
FOR THE MEEK ENDING

AUGUST 24, 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
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
SOUTH KOREA
WON
SPAIN
PESETA
SRI LANKA
RUPEE
SWEDEN
KRONA
SWITZERLAND
FRANC
TAIWAN
DOLLAR
THAILAND
BAHT
•UNITED KINGDOM POUND
MEMO:
"UNITED STATES

DOLLAR

Aug . 20

(CURRENCY UNITS PER DOLLAR)
Aug . 21
Aug . 22
Aug . 23

Aug . 24

0 .8080
10 .970
32 .080
1 .1438
4 .7339
5 .9750
1 .3304
3 .6780
5 2370
1 .5580
153,.95
7,.7735
17.,280
1.,7205
1152. 90
146. 87
2. 6940
1. 7560
0. 6197
6. 0450
138. 10
1. 7900
2. 5725
720. 30
96. 08
40. 018
5 . 7490
1. 2918
27. 255
25. 560
1. 9198

0 .8162
10 .930
32 .000
1 .1395
4 .7339
5 .9650
1 .3342
3 .6930
5 .2370
1 .5553
153 .80
7 .7790
17 .320
1 .7270
1154,.50
146,.40
2,.6985
1,,7526
0,,6220
6.,0500
137.,75
1. 7895
2, 5440
719. 40
96. 68
40. 018
5. 7450
1. 2868
27. 258
25. 550
1. 9210

0 .8205
10 .925
31 .940
1 .1365
4 .7339
5 .9650
1 .3340
3 .6750
5 .2250
1 .5535
153 .90
7,.7825
17, 320
1..7252
1159..00
145.,75
2.,6980
1.,7505
0. 6258
6. 0360
138. 30
1. 7870
2. 5575
719. 00
97. 53
40. 018
5 . 7450
1. 2735
27. 286
25. 550
1. 9275

0 .8293
10 .893
31 .820
1 .1316
4 .7339
5 .9570
1 .3385
3 .6690
5 .1980
1 .5483
152 .70
7,.7805
17,.270
1.,7320
1155.,00
146.,60
2. 6950
1. 7443
0. 6308
6. 0030
137. 70
1. 7750
2. 5500
718. 30
97. 30
40. 018
5 . 7210
1. 2605
27. 300
25. 520
1. 9515

0 .8330
10 .965
31 .970
1 .1338
4 .7339
5 .9615
1 .3324
3 .6735
5 .2255
1 .5575
154 .15
7,.7755
17, 300
1,.7225
1155.,75
146.,55
2.,6950
1.,7551
0. 6295
6. 0250
137. 55
1. 7775
2. 5610
718. 50
96. 10
40. 018
5. 7500
1. 2685
27. 275
25. 500
1. 9453

86. 02

85. 88

85. 71

85. 38

85. 70

•VALUE I S U.S. DOLLARS
••INDEX 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
HEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
THIS RELEASE I S NOW AVAILABLE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (202) 377-1986.