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(516/517) Selected Interest & Exchange Rates December 1, 1986 DIVISION OF INTERNATIONAL FINANCE Prepared by t h e FINANCIAL MARKETS SECTION BOARD OF G O V E R N O R S F E D E R A L R E S E R V E SYSTEM Washington, D . C . 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST F I G U R E S PLOTTED Weekly $15.00 per year or $.40 each in the United 2. DAILY CERTIFIED SPOT States, its possessions, Canada, and Mexico; 10 or EXCHANGE RATES-- more of the same issue to one address, $13.50 per H.10 RELEASE year or $.35 each. Elsewhere, S20.00 per year or $.50 each. Address requests to Publications Services, Divi- CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH F O R W A R D E X C H A N G E RATES 3. GOLD P R I C E - L O N D O N 4. CALL M O N E Y RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR A N D U.S. MONEY MARKET RATES 8. INTEREST A R B I T R A G E : 3-MONTH F U N D S 9. LONG-TERM G O V E R N M E N T BOND YIELDS 10. I N D U S T R I A L STOCK INDICES sion of Administrative Services, and make payment remittance payable to the order of the Board of governors t h e Federal Reserve S y s i e r collectible at par jrrency. 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 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA GERMAN MARK JAPANESE YEN CANADIAN DOLLAR U.K. POUND DUTCH GUILDER FRENCH FRANC I BELGIAN FRANC 19S4 l ! SWISS FRANC 1964 !II III I!I I!I II I I CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 4 8 JAPANESE YEN CANADIAN DOLLAR — W A — - I I I I I I I I I !I I I I I | | U. K. POUND SWISS FRANC I I I I I 111 i l l i l l 11 I DUTCH GUILDER GERMAN MARK X / V ^ y I I I I I I ! I !!I I ! ! !I i I! ! I I I I I !I I !I — ITALIAN LIRA FRENCH FRANC 8 "W - 16 24 I | !! I I I I I I ! I 3I2 ;S4 1S86 1984 1966 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY u s U.S. DOLLARS PER FINE OUNCE - - DOLLARS PER FINE OUNCE 520 520 500 500 480 480 460 460 12.5 Kg BARS 440 440 A F T E R N O O N FIXING PRICE 420 420 400 400 380 380 360 340 340 320 300 300 280 280 260 260 1584 1585 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCE P E R C E N T PER A N N U M r PER A N N U M 20 20 16 U. S. FEDERAL FUNDS FRANCE 12 8 4 JAPAN 0 20 SWITZERLAND 16 CANADA 12 8 4 0 20 16 , ED KINGDOM 12 GERMANY 8 ^wVVVN* 4 r\j X NETHERLANDS 0 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER Ah NT PER ANNUM 16 14 U.S. CD'S CANADIAN FINANCE CO. PAPER 12 14 10 8 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 4 6 16 14 IFRENCH INTERBANK RATE U.K. INTERBANK STERLING 14 12 12 10 10 8 I 8 I I 1 1 1 1 1 1 1 1 ! M 1 1 1 1 1 1 1 1 1 ! 11 6 10 10 NETHERLANDS INTERBANK RATE 8 GERMAN INTERBANK RATE 6 — /v y 4 — 8 - 6 — 4 2 2 8 8 7 JAPANESE GENSAKi RATE SWISS INTERBANK RATE 6 5 4 5 2 4 0 534 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN NT PER ANNUM 14 14 3-MONTH OVERNIGHT 12 12 10 10 8 8 6 6 4 4 14 14 r~ 6-MONTH 7-DAY 12 - 12 10 10 8 8 - ! V x 6 6 ! 4 i l ! 1 1 I!1 1 1 1 !! I 4 14 14 1-YEAR 1-MONTH J 12 f v, \ 12 A 10 10 6 6 6 Vv— 6 4 4 VVvw- 1984 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 Pf R C f N l P[ n ANNUM 16 16 14 14 FEDERAL FUNDS 3-MONTH D A S H E D I INF. E U R O - D O L L A R DEPOSITS 12 12 10 10 90-DAY CD S OVERNIGHT EURO -run L AR DFTO J I 1 I I I I 1 LLLLLLJJ 111111111111111 I I I I I I I DIFFERENTIAL i i DIFFERENTIAL i 1111111111111111111111111 1984 1 P E R C E N T ON [ ) I E I E R E N T l A l SCALE 1986 = ? I'f RCENT ON RATE S C A L E I Ii I I I I 1984 I ii 1111 M I ii 11111111111 1986 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 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 DASHED LINE 14 10 - 10 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER M I II l l I i llll11II!IIllllllI DIFFERENTIAL U i r r tncNTlAL ! iIt:I;iIi 2 2 l L 18 18 INTERBANK DM 14 SWISS INTERBANK (SF) C O V E R E D COVERED FRANKFURT 14 10 10 .AR D E P O S I T S r i DIFFERENTIAL 966 r DIFFERENTIAL - V \ / i CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PEP PEACES' PEP A! ENT PER A N N U M 16 16 CANADA UNITED STATES 14 - - 14 12 12 10 10 8 8 I 6 I I I IIIIII IIII I II IIIIIIII 6 9 15 7 13 UNITED KINGDOM SWITZERLAND 11 5 9 3 j| ! ! 7 I l l II 10 1 10 GERMANY JAPAN 8 8 6 6 4 17 17 U. S . CORPORATE MONTHLY FRANCE 15 A£& BON 13 13 11 11 NETHERLANDS 7 7 5 5 1984 1985 CHART 1 0 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E RATIO S C A L E 1969=100 1969=100 UNITED KINGDOM UNITED STATES 315 — — 280 245 — NETHERLANDS SWITZERLAND / 210 175 - - 140 105 I 1 ! ! ! ! 70 450 400 350 , A ' A / FRANCE ERMANY 250 200 150 450 400 350 CANADA JAPAN 300 250 M 2 0 0 150 100 SERIES CHART 1. SPOT WEEKLY EXCHANGE B A T E S AVERAGES, L A S T VALUE P L O T T E D DATE VALUE NAKE AND I N D I C E S NOON d O X I M G BATES (U.S. CENTS) NOV. 2 6 NOV. 2 6 NOV. 2 6 NOV. 2 6 NOV. 2 6 NOV. 2 6 NOV. 2 b 26 NOV 26 NOV NOV. 2 6 GEtiMAM HARK J A P A N E S E TEN DUTCH G U I L D E R U . K . POUND CANADIAN D O L L A R FRENCH F R A N C S W I S S FRANC s £ L G I A N FRANC ITALIAN LIRA S W E D I S H KRONA INDICES, BARCH 1973 B A S E .SATES = NOT. for. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 1GHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) C A S A D I A K i/OLLAR J . K . POUND GZKfiAN MARK FRENCH FRANC S W I S S FRANC DUTCH GUILDER J A P A N E S E XEH ITALIAN LISA MAR 1973 = 22 , 17 35 61 47 92 58 15 45 87 26 26 26 26 26 26 26 26 26 140. 16 0 . 126. 57. 71. 68. 192. 94. 40. 2b 26 26 26 26 26 2b 26 2o 26 26 107. 43 100 SOV. NOV. NOV. SOV. NOV. NOV. NOV. HOT. MOT. NOV. NOV. U . S . DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH F R A N C S W I S S FRANC o a L G I A S FEAh'C I T A L I A ! LIRA S W E D I S H KBOHA 3 - M O N T H FORWARD EXCHANGE 15. 5 9 . 73 2. 3 9 7 0 3 0. 07194 14. 39 100 GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN D O L L A R F R E N C H FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 . 4 9 . 83 0. 61240 4 4 . 10 1 4 2 . 08 7 2 . 16 16 0.22 180.74 136.70 57.74 7 4. 49 69.93 20 7 . 49 9 9.93 40.55 66.54 PREMIUM OR D I S C O U N T HOT. NOT. NOV. NOV. NOV. NOV . MOV. NOV. 26 26 26 26 26 26 26 26 -2. -5. 1. -2. 2. 0. 1. -4. 34 05 32 07 14 44 49 57 SERIES CHART 3. GOLD P R I C E U.S. CHART 4. DOLLARS CttLL MONET IM PER LONDON, FINE 5. j-WONTH AFTERNOOE F I X I N G OUNCE INTEBEST DEPOSITS b. iliSO-DOLLAR DEPOSIT RATES: SELECTED EURO-DOLLAR OVERNIGHT EURO-DOLLAR U . S . F E D E R A L FUNDS DIFFERENTIAL AND U . S . NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 26 26 26 26 26 26 26 26 6.00 5. 96 9-98 7.75 4.32 3.55 7.06 5.50 3 . 20 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 26 26 26 26 26 26 2b 2» 2o 5.76 4.70 4.41 8.32 1 1.25 3.88 7.51 5 . 60 6. 6o NOV. HOY. NOV. NOV. NOV, NOV. 26 26 26 26 26 26 5 . 96 5 . S* 5 . 98 5.99 5.95 6.00 NOV. NOV. NOV. 2b 26 26 5.9c 6.00 - 0. 04 NOV. NOV. HOT. 26 26 2o 5.99 5.76 Q. 2 3 26 MONEY MARKET K A T E S DEPOSITS 3-MUNTH EURO-DOLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDARY DIFFERENTIAL 385.08 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH WEAR . 26 RATES U . S . 9 0 - D A I C D ' S , SECONDARY HARKET GERMAN I N T E R B A N K LOAN J A P A N E S E GENSAKI RATE CANADIAN F I N A N C E P A P E R INTERBANK S T E R L I N G S W I S S I N T E R B A N K LOAN FRENCH I N T E R B A N K R A T E NETHERLANDS I N T E R B A N K RATE • S I G H T E D AVERAGE F O R E I G N I N T E R E S T R A T E ; G - 1 0 COUNTRIES PLUS SWITZERLAND) CHAHi NOV. RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR U. K . CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART L A S T VALUE PLOTTED DATE VALUE NAME RATE MARKET SERIES CHAfi'i o . IMTEEEST LAS I VALUE PLOTTED DATE VALUE NAME AEBITEAGE, 3 - M O N T H FUNDS EUEG-DOLLAE D E P O S I T INTERBANK S T E E L I N G ( L O N D O N ) , DIFFEEEMTIAL U.S. COVEfiED COHMEECIAL tAPEM. CANADIAN F I N A N C E DIf'FEEENTIAL PAPEE, COVEHED EUEO-DOLLAR D E P O S I T I N T E R B A N K Dfi ( F f i A t i K F U E T ) , DIFFEEEMTIAL COVEEED EUHO-DOLLAE D E P O S I T S k i S S I N T E R B A N K , t-OVEBED DIFFEEEMTIAL CHART 9. LONG TEEM 5. 99 6. 06 - 0 . 07 NOV. NOV. NOV. 26 26 26 5 . 79 5 . 93 - 0 . 14 NOV. MOV. NOV. 26 26 26 5. 99 6. 04 - 0 . 05 NOV. NOV. NOV. 26 2t> 26 5 . 99 6. 03 - 0 . 05 MOV. NOV. NOV. NOV. NOV. NOV. OCT. NOV. 21 21 21 14 21 21 7. 6. 4. 4. 9. 9. 6. 10. 21 21 00 60 15 30 14 22 39 COftPCBATB AAA CEial 26 26 26 GOVEEMEMT BOND YIELDS UNITED STATES GERMANY JAPAN (HONTHLJ) SWITZERLAND CANADA FBAHCE K i l H i f e L Ai'DS ( 2 0 H I H L X ) UN I I ED K l i i G D O H U.S. NOV. NOV. NOV. 10. BONDS STOCK JUNE INDICES • S I T E D STATES U N I T E D KINGDOM CA&'ADA GEEHAMI SilTiEELAND SETHZklA&DS FRANCS JAPAii 9.13 NOV. NOV. MOV. MOV. NOV. b'OV. MOV. NOV. 19 19 19 19 19 19 19 19 244. 39 2 7 6 . 75 29 7 . 13 282.62 1 9 1 . 01 3 3 4 . 13 3 8 0 . 66 3 7 6 . 47 FEDERAL RESERVE statistical release H.10 (512) NOVEMBER 2 8 , 1986 FOREIGN EXCHANGE RATES rot. THE MEEK ENDING NOVEMBER 2 8 , 1986 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: MONETAE! OKU COUNTRY •AUSTRALIA AUSTRIA (CURRENCY NO*. DOLLAR SCHILLING FRANC CRD4ADO DOLLAR BELGIUM BRAZIL CAM AX) A 2* NOV. 64.52 14.217 41.990 14.09 1.3659 OMITS 25 PEB NOV. 64.75 14.035 41.440 14.09 1.3858 3.7314 DOLLAE) 26 CHINA,P.h. XOAN J.7314 KEOKE 7 . 6 3 6 0 7 . 5 4 0 0 7 . 5 3 5 0 4.9650 6.6090 2.0195 139.750 7.7945 13.1400 134.92 1399.00 104.18 2.6070 4.9150 6.5310 1.9935 138.150 7.7880 13.1200 136.50 1381.00 162.55 2.6035 2.2540 52.000 4.9200 6.5235 1.9915 138.050 7.7860 13.1100 136.60 1380.00 102.95 2.6035 2.2495 52.080 MARKKA FRANC D . MARK DRACHMA DOLLAR RUPEE POUND LIRA TEN 8IKGGIT GUILDER DOLLAR KO&WAI KECKS PORTUGAL ESCODO SINGAPORE •SOOTH A F R I C A SOUTH 149.9O0 2.1965 44.22 *72.80 135.850 28.490 6.9790 1.6900 DOLLAR KOREA tfO£ PESETA ROPES KRONA LAIKA S8B3EE SUTHERLAND TAISAN FRANC THAILAND BAsT *3KITED 7 . = 3 5 0 RAND SPAIN SRI 2.4(812 51.750 3 o . 3 b 0 DOLLAR 7 . 5 8 0 0 NOV. 2 8 65.04 13.894 4 1.050 14.20 1.3840 3.7314 7 . 4 5 7 5 E 4.8960 6.4550 1.9730 137.700 7.7845 13.1000 137.87 1368.00 162.05 2.6020 2.2310 51.080 0 L 1 D 7 . 5 6 0 0 148.550 2.1890 44.30 872.90 135.450 28.488 2.1830 44.60 871.50 134.450 28.482 6 . 9 1 0 0 6.9225 7 . 5 1 1 0 147.600 2.1955 45.05 870.30 133.490 28.508 6.8775 1.6430 8A 1 4 6 . 3 0 0 A X 1.6600 1.6595 3 o . 3 4 0 3 6 . 3 5 0 4:6.300 2 6 . 3 1 0 ! 27 65. 05 14.020 41.400 14.09 1.3853 3. 7314 DBNBAEK FINLAND FRANCE GEESAHI GREECE HONG KONG INDIA *IEELAND ITALI JAPAN MALAYSIA NETHERLANDS * N E 8 ZEALAND NOV. 1 2 b . 2 o 0 z c . 2 5 0 KIH3D0E POUND 1 4 1 . 0 3 1-42.22 143. 15 STATES DOLLAR 1 0 7 . 9 8 1 0 6 . 6 9 1 0 6 . 7 8 1 4 3 . 3 5 MEMO: •OSITED 106.04 0 . 2 5 • I N D E X tii 1 E I G H !t t i O A W t & A G E EXCHANGE VALUE O f O.S. DOLLAE A G A I N S T u u i u u s a t u . j s s o r OIHEM ti-IU C O O N T B I E S . MARCH 1 9 7 3 = 1 0 0 . E I G H T S A EE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 1 0 C O U N T R I E S . SEEIBS 8B7ISSD AS •sSIGETED-ATEEAGE 1976 •VALUE FEDERAL IS O.S. Of AUGUST EXCHANGE RUSERYB CENTS 1 * 7 6 . TtLUE BDLLSTIfi. Of F O E THE DBSC81PTIOE U . S . LED OOLLAE: SACK DATA, EETISiOM" OK SEE PAGE «Ifci>£X 700 Of Of IEE SHE AuGuST
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