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6 <616/517) % Selected Interest & Exchange Rates Weekly Series of Charts December 2, 1985 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 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1973=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 120 — CANADIAN DOLLAR 0 SWISS FRANC 100 80 70 - — S - - v vv 200 I 160 a[ - 60 140 120 e i 50 i i 11111111111 11111111111 I I I I | | 11 I I I h i l l i 100 160 GERMAN MARK 140 DUTCH GUILDER 120 100 U.K. POUND FRENCH FRANC BELGIAN FRANC 100 — ITALIAN LIRA - \ a 80 I 70 60 50 v I I I I I 1983 - I 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 6 - - CANADIAN DOLLAR - ITALIAN LIRA - \j I II II II II I I I III I I I II II - - A U. K. POUND - DUTCH GUILDER - I III I I I II II GERMAN MARK - / \i SWISS FRANC - - I II II I II I I I FRENCH FRANC JAPANESE YEN 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 560 - 520 480 560 520 - 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 - 440 400 360 - 320 280 - 400 - 360 320 - 280 240 I 1982 1983 I I I I I 1984 I I I I I M i l 1985 l 240 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Al 24 20 16 FRANCE U. S. FEDERAL FUNDS - — 12 8 JAPAN 4 0 I I - I 24 20 16 SWITZERLAND CANADA L - — 12 8 4 - - + 0 I 4 20 16 12 • - - GERMANY 8 4 NETHERLANDS 0 l u L 1983 1985 l 1983 i 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 16 18 14 12 16 U.S. CANADIAN FINANCE CO. PAPER CD'S 14 10 8 12 WEIGHTED AVERAGE FOREIGN RATE \J 6 I I I I I V\ 8 — U.K. INTERBANK STERLING GERMAN INTERBANK RATE A 10 I 16 14 - 12 - 10 12 8 10 6 - 8 4 17 15 — FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE 11 _ 13 9 7 11 - - 9 5 3 9 10 8 4 SWISS INTERBANK RATE - 8 JAPANESE GENSAKI RATE 7 6 6 4 5 n 1983 1985 i h i l 1983 2 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER 24 20 3-MONTH 16 OVERNIGHT 12 8 4 24 20 16 12 8 4 24 20 16 12 8 4 1-MONTH 1-YEAR 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 20 PERCENT PER ANNUM — ~ 1 20 18 16 14 FEDERAL FUNDS 3-MONTH D A S H E D LINE E U R O - D O L L A R DEPOSITS 12 10 8 OVERNIGHT 9 0 - D A Y CD* S E U R O - D O L L A R DEPOSITS 6 4 4 3 DIFFERENTIAL DIFFERENTIAL 2 1 + 0 1 2 1983 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E 1985 1983 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN PER ANNUM 22 18 14 \ EURO-DOLLAR DEPOSITS V DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED V 10 - INTERBANK STERLING 6 COVERED LONDON U. S. COMMERCIAL PAPER l I i 2 4 DIFFERENTIAL DIFFERENTIAL 2 A/-*— v + 0 2 22 18 14 ArV\ H SWISS INTERBANK (SF) COVERED k INTERBANK DM \ COVERED FRANKFURT . r £ 10 — 6 Vn, A \ — | EURO-DOLLAR DEPOSITS iDASHED LINE EURO-DOLLAR DEPOSITS DASHED LINE Ml, 2 2 DIFFERENTIAL DIFFERENTIAL + 0 / V W 7 W v A^rv/ V Vv-vA/^" 1111 1 1 I I 1 1 1 2 1983 1985 I PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E 1983 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 19 19 UNITED STATES 15 -IaV I CANADA - 11 15 11 - - 7 7 15 9 — UNITED KINGDOM — SWITZERLAND - 11 5 - 7 13 1 13 MONTHLY JAPAN - GERMANY - 9 9 5 5 22 22 U. S. CORPORATE MONTHLY 18 18 FRANCE Aaa BONDS 14 14 NETHERLANDS MONTHLY 10 10 6 M 1983 6 1985 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO 5 196$ :ALE iO 260 220 UNITED STATES UNITED KINGDOM f * w 7 - 180 140 100 300 260 A- - 220 180 - GERMANY NETHERLANDS 140 — 100 80 ~ l I I 260 220 180 FRANCE SWITZERLAND 140 100 80 320 CANADA 280 240 200 160 120 1983 1985 1983 1985 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE BATES AND INDICES WEEKLY AVERAGES, N008 BUYING BATES (U.S. CENTS) GERMAN MASK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 27 27 27 27 27 27 27 27 27 27 38.97 0. 49687 34.62 146.07 72.61 12.79 47.57 1.92694 0.05766 12. 92 NOV. NOV, NOV. NOV. NOV. NOV. NOV. NOV. NOV. 27 27 27 27 27 27 27 27 27 109.61 130.10 99.39 59. 08 72.37 57. 63 153.03 75.93 32.76 27 27 27 27 27 27 27 27 27 27 27 126.70 139.45 165.40 121.24 68.71 86.26 66.57 187.64 91.04 36. 75 67.07 27 27 27 27 27 27 27 27 -0. 86 -3.31 3. 43 -1.17 4. 17 2.24 0.23 -5. 75 INDICES, MARCH 1973 BASE BATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COONTBIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER O.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. tT 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3- GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE NOV. 27 328.36 CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 27 27 27 27 27 27 27 27 27 7.71 7.85 11.70 9.00 4.63 7. 45 8.76 5.60 3.90 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 27 27 27 27 27 27 27 27 27 7.84 4.80 7. 42 9.00 11. 50 3. 94 8,. 77 5.83 7. 80 CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) # CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON 27 27 27 27 27 27 7.85 8.03 8.03 8.03 8.03 8.18 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL NOV. 27 NOV. 27 NOV. 27 7. 85 7. 71 14 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL NOV. 27 NOV. 27 NOV. 27 8. 03 7.84 19 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6—HONTH 1-YEAR NOV. NOV. NOV. NOV. NOV. NOV. CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 0. 0. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8- INTEREST ARBITRAGE, 3-MONTfl FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV, 27 NOV. 27 NOV. 27 8.03 8. 10 -0. 07 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. 27 NOV. 27 NOV. 27 7.76 8. 12 -0.37 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. 27 NOV. 27 NOV. 27 8,03 8.27 -0.24 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV. 27 NOV. 27 NOV. 27 8. 03 8. 15 -0. 12 CHART 9- LONG TERM GOVERHENT BOND IIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM NOV. NOV. JAN. NOV. OCT. NOV. SEPT. NOV. 22 22 15 25 15 22 9.68 6.48 6.29 4.64 10. 79 11.42 6.87 9.91 U.S. CORPORATE AAA BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 11.02 OCT. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 20 20 20 20 20 20 20 20 204. 42 243. 16 278.41 253.56 179.75 253. 90 238. 18 264.31 FEDERAL RESERVE statistical release K.10 (512) HomnB£U 29, 1965 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING NOVEMBER 29, 1985 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 BBLGIUE BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW ZEALAND N0S8AI PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SVEDEN SWITZERLAND TAINAN THAILAND •UNITED KINGDOM GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND BON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT PESO N O V . 25 (CURRENCY UNITS PER DOLLAR) HOT. 26 NOV. 27 69.16 18.035 51-930 9145.00 1.3776 3.2095 9.2750 S.5150 7.8180 2.5663 151.700 7.8055 12.0300 120.45 1734.00 69.13 17.925 51.560 9195.00 1.3778 3.2095 9.2245 5.4805 7.7700 2.5510 151.300 7.8005 12.0700 121.15 1726.00 2.4200 HA 2.8900 57.450 7.7000 2.0875 37.50 892.40 158.100 27.436 7.7175 2.1015 39.900 26.090 146.28 2.4200 MA 2.8710 57.400 7.6670 162.700 2.0855 37.95 892.00 157.350 27.406 7.6790 2.0910 39.890 26.140 147.05 126.63 126.08 200.80 162.800 201.00 68.76 17.850 51.460 9245.00 1.3781 3.2095 9.1845 5. 4045 7.7500 2.5430 151.400 7.8010 12.0200 121.70 1720.00 201.05 2.4235 NA 2.8600 57.650 7.6380 162.300 NOV. 28 NOV. 29 68.59 17.660 51.080 9350.00 1.3840 3.2095 9.1100 5.4350 7.6650 2.5125 149.200 7.8015 12.0500 122.90 1712.00 202.10 2.4190 NA 2.8270 57. 300 7.5940 160.000 2.0910 38. 00 892.50 157.080 27.406 7-6590 2.0900 39-@70 26.140 147.38 2.0950 37.00 891.70 155.450 27.406 7.6355 125.82 125.04 2.0810 39. 840 26.170 148.90 tlNDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARB 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 8SIGHTED-AVERAGE EXCHANGE VALUE OF THE 0.5. DOLLAR: REVISION* ON PAGE 700 OF THE AOGUST 1978 FEDERAL RESERVE BULLETIN. •VALUE IS U.S. CENTS
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