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5-H40 (516/517) r. S e l e c t e d Interest & Exchange Rates Weekly Series of Charts •» r I ; December 24, 1984 1 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 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 INDICES SUBSCRIPTION RATES: 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. 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 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 80 120 — 100 CANADIAN DOLLAR - SWISS FRANC — 200 80 70 I 60 I I I I I I I I I I I I I I I I 11111111111 I 160 ~ I 120 - 100 - 80 V J " l I I I I I v V I IDUTCH GUILDER - - I I I I I I I I I I I 11111111111 ~ l I I I I I 80 ' 100 80 — Jy - 70 FRENCH FRANC - 80 — 60 - 50 — — 70 va I — 60 50 40 I I I I I I 11111111111 140 — BELGIAN FRANC 120 - 70 - I l I I I I 40 — ITALIAN LIRA r \-T ^ - 80 - — 70 - 60 - 50 - vy - 40 — ^'Z\v/V-\y< 60 ^ ^ 5 0 120 - U.K. POUND 100 I — 100 ' I — 120 • l GERMAN MARK 140 ^ I — - 35 30 I I I I I I I I I I I II I 1982 M | I. I M 1984 I ( ~ I I l I I 1982 I 25 1984 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 — CANADIAN DOLLAR ITALIAN LIRA — - — I I I 24 [L - DUTCH GUILDEFt U. K. POUND - \ r * \ 6 9 — 1 I l 1 1 1 i i i 1 1 1 u l i i h i l i i nl, 6 12 15 SWISS FRANC GERMAN MARK - H Av i i i 1 1 1 —1 ! | | 1 1 | 1 , | 1mImImIm 1 A Zi i i i 1 1 1 FRENCH FRANC JAPANESE YEN 1982 1984 1982 1984 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 - 500 - 450 - 400 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - 450 400 - 350 350 300 - 250 I 1981 1982 1983 I I I I I I I I 1984 300 250 CHART 4 CALL MONEY RATES WEEKLY SERIES ENT PER ANNUM PERCENT PER ANNUM 24 20 A V \ uA FRANCE 16 - u . S. FEDERAL FUNDS i r - 12 - JAPAN - i i i I I I 24 24 CANADA 20 20 EURO-SWISS FRANC 16 16 12 JxfWl\ 8 AY - A A 12 4 + 0 I I I I I I | | | | | | | | | I I l l l l l l l l l l l 24 20 20 16 16 U. K. 2 - D A Y LOCAL AUTHORITY GERMANY - 12 IEURO-DM 8 » - 4 I 1982 1984 I I I I 1982 I 1984 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 22 24 18 20 U.S. CD S CANADIAN FINANCE CO PAPER 14 16 10 12 WEIGHTED AVERAGE FOREIGN RATE 6 8 20 16 16 U.K. INTERBANK STERLING 12 GERMAN INTERBANK RATE 12 8 8 4 11 12 I 9 SWISS INTERBANK RATE IV ~ 8 - 4 JAPANESE BANK LOANS AND DISCOUNTS 7 1 I 5 1982 1984 I 1982 I 0 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 20 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 24 20 16 12 8 4 24 20 16 12 8 4 1982 1984 1982 1984 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 26 26 FEDERAL FUNDS 3-MONTH E U R O - D O L L A R DEPOSITS OVERNIGHT EURO-DOLLAR DEPOSITS 9 0 - D A Y CD S I I I I I I I f/V I I I I I I I I I I I DIFFERENTIAL — DIFFERENTIAL I I I 1 I I 1 II 1 1982 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 P E R C E N T ON RATE S C A L E II I I I I I 1984 1 I I 1 I I I I 1982 I I I I I I I I I I I I I I I I I 1984 I I I CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 EURO-DOLLAR DEPOSITS 20 DASHED LINE 20 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON ~ U. S. COMMERCIAL PAPER 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 2 28 28 20 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 COVERED FRANKFURT 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE 4 2 DIFFERENTIAL 2 DIFFERENTIAL + 0 2 1982 Digitized for 1984 FRASER1 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 P E R C E N T ON R A T E S C A L E 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 19 — 19 - 15 CANADA UNITED STATES 15 - Ay \f 11 11 - 7 i 15 i i I I I 7 — — UNITED KINGDOM 9 SWITZERLAND 11 5 — I 7 13 I I I I I 1 13 MONTHLY GERMANY JAPAN - 9 9 - 5 5 22 U. S. CORPORATE 22 MONTHLY 18 FRANCE 18 Aaa BONDS - A - 14 10 14 10 - NETHERLANDS MONTHLY - 6 6 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1 9 6 9 =100 JAPAN UNITED STATES 210 170 FRANCE UNITED KINGDOM - 130 90 - 70 190 150 110 150 SWITZERLAND GERMANY 110 - 70 70 180 NETHERLANDS CANADA J 140 280 - 100 - 80 200 160 - 120 60 360 1982 1984 1982 1984 SERIES CHART 1. SPOT WEEKLY EXCHANGE R A T E S AVERAGES, L A S T VALUE P L O T T E D DATE VALUE NAME AND I N D I C E S NOON B U Y I N G RATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA S W E D I S H KRONA INDICES, aARCH 1973 BASE RATES = W E I G H T E D AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) MAR 1973 3 - M O N T H FORWARD C A N A D I A N DOLLAR U . K . POUND GERMAN MARK F R E N C H FRANC S W I S S FRANC DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIRA 32.31 0. 40409 28. 63 118.70 7 5.77 10.54 3 9 . 19 1. 6 0 8 8 6 0. 05249 11.31 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 19 19 19 19 19 19 19 19 19 90.90 105.80 82.20 48.01 75.51 4 7 . 50 126.08 6 3. 40 29.82 = 19 19 19 19 19 19 19 19 19 19 19 148. 89 129.77 151.28 113.35 6 2 . 87 103.55 61.84 1 7 5 . 19 86. 07 38.08 67.63 100 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 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 C A N A D I A N DOLLAR F R E N C H FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA S W E D I S H KRONA 2. 19 19 19 19 19 19 19 19 19 19 100 GERMAN MASK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND C A N A D I A N DOLLAR F R E N C H FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA CHART DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. EXCHANGE RATES, PREMIUM OR DISCOUNT DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 19 19 19 19 19 19 19 19 -1. -0. 3. -1. 3. 3. 2. -5. 43 83 27 84 83 11 57 62 SERIES CHART 3. GOLD P R I C E U.S. CHART 4 . DOLLARS CALL IN PER LONDON, FINE 5. AFTERNOON FIXING OUNCE 3-MONTH INTEREST DEPOSITS EURO-DOLLAR DEPOSIT RATES: 7. SELECTED EURO-DOLLAR OVERNIGHT EURO-DOLLAR U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR AND U . S . DEC. DEC. DEC. NOV. DEC. DEC. DEC. DEC. JAN. DEC. 19 19 21 16 21 21 21 21 1 21 7. 99 7.99 9.00 11.96 5.45 5.38 6.44 10.88 10.30 1.55 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 19 19 12 19 19 19 19 8.54 5.80 6.31 10.41 9.68 5.00 8.37 DEC. DEC. DEC. DEC. DEC. DEC. 19 19 19 19 19 19 7. 8. 8. 8. 9. 9. DEC. DEC. DEC. 19 19 19 7. 99 7. 99 DEPOSITS RESERVE DEC. DEC. DEC. 19 19 19 8. 79 8. 54 0. 25 99 28 60 79 30 99 MONEY MARKET R A T E S REQUIREMENTS 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL 316.01 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 19 RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN I N T E R B A N K LOAN J A P A N E S E BANK LOANS 6 D I S C O U N T S CANADIAN F I N A N C E PAPER INTERBANK STERLING S W I S S I N T E R B A N K LOAN W E I G H T E D AVERAGE F O R E I G N I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . DEC. MONEY R A T E S U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART L A S T 7ALUE PLOTT DATE 7ALDE NAME 0. 0 SERIES CHART 8. • , INTEREST L A S T VALUE P L O T T E D DATE VALOE NAME ARBITRAGE, 3-MONTH EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL P A P E R CANADIAN F I N A N C E P A P E R , DIFFERENTIAL • COVERED COVERED EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL • FUNDS COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9. LONG TEEM GOVERMENT UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE N E T H E R L A N D S (MONTHLY) U N I T E D KINGDOM U.S. CHART 19 19 19 8. 79 8.83 -0.04 DEC. DEC. DEC. 19 19 19 8.40 8.94 -0.54 DEC. DEC. DEC. 19 19 19 8.79 9 . 12 -0.33 DEC. DEC. DEC. 19 19 19 8. 79 8.87 - 0 . 09 DEC. NOV. OCT. NOV. NOV. SEPT. AUG. DEC. 14 30 1 1.61 7.03 6.61 4.78 1 1.81 12.62 8 . 50 9.83 YIELDS 23 30 28 14 CORPORATE AAA BONDS EURO-DOLLAR » BOND DEC. DEC. DEC. 10. STOCK BONDS 12. 29 1 0 . 29 INDICES UNITED STATES U N I T E D KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN NOV. NOV. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 12 12 12 12 12 12 12 12 167. 202. 231. 161. 128. 169. 182. 233. 86 77 93 26 65 95 03 08 FEDERAL RESERVE statistical release H.10 <512) DECEMBER 2 1 , 1984 FOREIGN EXCHANGE RATES FOB THE SEEK ENDING DECEHBEB 2 1 , 1984 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 BRAZIL CANADA CHINA,P.B. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG 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 KINGDOH VENEZUELA DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D . MARK DRACHEA DOLLAR RUPEE POUND SHEKEL LIRA YEN RI8GGIT PESO GUILDER DOLLAR KRONE PESO ESCUDO DOLLAR RAND SON PESETA RUPEE KRONA FRANC DOLLAR .BAH? POUND BOLIVAR MEMO: •UNITED STATES DOLLAR DEC. 17 83,87 21.730 62.070 3008.00 1.3202 2.7971 11.0250 6.4300 9.4750 3.0900 127.050 7.8290 12.2600 101.10 NA 1902.00 247.55 2.4140 217.0000 3.4870 48.300 8.9350 MA 166.500 2.1765 52.40 825.80 171.150 26.205 8.8250 2.5500 39.540 27.100 119.10 NA 148.70 (CURRENCY UNITS PER DOLLAR DEC. 1 8 DEC. 19 83.60 21.680 61.980 3008.00 1.3176 2.7971 11.0490 6.4280 9.4600 3.0870 127.000 7.8315 12.2600 101.13 NA 1899.50 246.75 2.4130 217.7500 3.4850 48.350 8.9540 NA 167.000 2.1750 51.85 825.60 170.900 26.205 8.8450 2.5435 39.530 27.100 118.60 NA 148.58 83.26 21. 783 6 2 . 150 3008.00 1.3194 2.7971 11.0975 6.4570 9.4900 3 . 1000 126.950 7.8275 12.2600 100.85 NA 1906.00 247.76 2.4150 218.7500 3.5000 48.180 8.9925 NA 166.900 2 . 1780 51.80 825.00 171.300 26.185 8.8750 2.5580 39.530 27.100 117.48 NA 149.22 DEC. 20 83.18 21.840 62.750 3056.00 1.3184 2.7971 11.1950 6.5250 9.5600 3.1295 127.550 7.8310 12.2600 99.80 NA 1922.00 2 4 8 . 10 2.4170 222.5000 3.5330 47.950 9.0550 NA 167.600 2.1755 51.25 825.90 172.100 26.215 8.9450 2.5715 39.530 27.100 116.45 NA 150.23 DEC. 21 83.37 21.890 62.550 3056.00 1.3156 2.7971 11.1700 6.4850 9.5350 3.1160 127.700 7.9250 12.3200 99.90 NA 1919.00 247.95 2.4140 225.0000 3.5190 48.000 9.0300 NA 168.200 2 . 1720 51.30 826.90 172.720 26.262 8.9250 2.5670 39.530 27.100 117.30 NA 149.75 FINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF 0 . S . DOLLAR AGAINST CUBBENCIES OF OTHEB G - 1 1 COUNTRIES. HABCH 1 9 7 3 = 1 0 0 . HEIGHTS ABE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 1 0 COUNTRIES. S E R I E S BEVISED AS OF AOGOST 1 9 7 8 . FOB DESCBIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE 0 . S . DOLLAR: R E V I S I O N " ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDEBAL RESERVE B U L L E T I N . •VALUE I S U . S . CENTS
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