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5-110 # <616/517) Selected Interest & Exchange Rates Weekly Series of Charts December 30, 1985 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 / I 9 % Table of Contents % t 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 RATESH.10 RELEASE W k 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 a 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 1973=100 RATIO SCALE MARCH 1973=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 JAPANESE YEN - CANADIAN DOLLAR SWISS FRANC 200 - 160 140 120 100 160 GERMAN MARK 140 DUTCH GUILDER 120 100 "A / v - 80 70 100 100 U.K. POUND FRENCH FRANC 80 80 — 70 - 60 - 50 - \ — ^ - V - 60 - ^ V V Af — i l l , | h i l i 11 i l l i i l u l 11 40 - \ W I I I Jf BELGIAN FRANC 80 - 70 — 60 - 50 X A - x s | / " y I I I I I 1983 I ITALIAN LIRA / V ~ - | | | | | | | | | | | 11111111111 1985 - II I I I I I I I II I M I I I I I I I I I 120 100 70 1983 1985 50 40 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 - V / v 24 12 - A U. K. POUND iDUTCH \ - ^ GUILDERI y*vA^ 0 12 SWISS FRANC GERMAN MARK I I - I 0 16 FRENCH FRANC 12 JAPANESE YEN - 1983 1985 1983 1985 8 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D( LARS PER FINE OUNCE U.S. DOLLARS PER FINE I 600 560 520 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 400 360 320 280 I I I I I 240 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 24 20 20 - - FRANCE 16 16 - AwvA U.S. FEDERAL FUNDS 12 12 - 8 JAPAN - - - I I I I I II II I I I I I I I 4 - I l l l l l l l l l l l 0 24 • 20 CANADA SWITZERLAND 16 \ - 12 - - l I I 4 I 20 16 - - GERMANY K . . W - A NETHERLANDS I 1983 uWvszv 1985 I I I I 1983 I i i l u l n l i i 1985 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNL PER ANNUM 16 16 14 1 \ 12 CANADIAN FINANCE CO. PAPER 14 12 10 10 8 WEIGHTED AVERAGE FOREIGN. RATE I 6 I I 1 I II I I I I l I I I I I I I 1 1 1 1 1 n l i i l i i h i 8 12 16 U.K. INTERBANK STERLING 14 GERMAN INTERBANK RATE A 10 - 8 12 6 10 I 8 I 1 I 1 1 l l l l l l l l l l l 1 1 III 1 1 MM 4 12 18 10 16 NETHERLANDS INTERBANK RATE FRENCH INTERBANK RATE 8 14 ~ > 6 12 4 1C I 1 1 1 1 1 1 MIMIMIM mIMIMIM 10 < SWISS INTERBANK RATE I 2 - 8 JAPANESE GENSAKIRATE 6 4 1 1983 1985 1 1 r i i 2 i 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 3-MONTH OVERNIGHT 6-MONTH 7-DAY - - 20 16 1-YEAR 1-MONTH ~ \ 12 I I I I ill I I I 1983 1985 I I I I I 1983 I l l l l l l l l l l l l l l l l l l l l l l 1985 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER A 20 20 18 18 16 16 14 FEDERAL FUNDS 14 3-MONTH DASHED LINE E U R O - D O L L A R DEPOSITS 12 12 10 10 VV 8 V 8 ^-v 9 0 - D A Y CD' S OVERNIGHT E U R O - D O L L A R DEPOSITS 6 6 4 11111111111 I I I I 11111111111 3 — DIFFERENTIAL 4 3 DIFFERENTIAL 2 1 - J\ r f \ h . — 2 - 1 + 0 + 0 1 - 2 _LL 1983 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 1 11 1985 i i I i i I i i I i i 1983 11111111111 1985 2 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER AT 22 22 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 14 10 10 INTERBANK STERLING 6 COVERED LONDON 6 U. S. COMMERCIAL PAPER 2 2 4 2 2 DIFFERENTIAL DIFFERENTIAL t/V^VVv/V + + 0 ~ v \ y ^ 0 2 2 4 22 22 18 18 14 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 10 EURO-DOLLAR DEPOSITS 6 DASHED LINE 6 EURO-DOLLAR DEPOSITS DASHED LINE 2 2 2 2 DIFFERENTIAL DIFFERENTIAL + 0 0 2 2 1983 1985 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 PERCENT PER ANNUM PERCENT PER ANNUM 9 19 19 CANADA UNITED STATES 15 - 15 e w - 11 L \ 11 ~~ - • I II 7 15 I I I i i I i I 11111111111 I — UNITED KINGDOM SWITZERLAND - 11 I 7 I I I I ill I II III III II I 12 — — 12 GERMANY JAPAN I 4 I I I I I I II I I I I II I II I I I I II I II I I I 1 I I l I I - MIIIIIIIII I I I II I II I 20 20 U. S. CORPORATE MONTHLY FRANCE 16 Aaa BONDS \ - - 12 - NETHERLANDS MONTHLY - I I I I I 1983 16 - 12 e II 4 I I 1985 I I I I 1983 I i i l i i l i i l n 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO RATIO 1969= 260 220 UNITED STATES UNITED KINGDOM 180 140 i l l ill11 100 300 260 - 220 180 GERMANY NETHERLANDS 140 — — — — 100 80 260 220 180 FRANCE SWITZERLAND 140 100 80 320 CANADA 280 240 - JAPAN 200 160 - 120 I 1983 1985 I I 1983 1985 SERIES LAST VALUE PLOTTED DATE VALUE SAME 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA SWEDISH KROSA DEC. DEC. DEC, DEC. DEC. DEC. DEC. DEC. DEC. DEC. 25 25 25 25 25 25 25 25 25 25 39. 84 49330 35. 36 142. 55 71. 52 12. 99 47. 42 1. 94876 05836 12. 99 DEC. DEC. DEC. DEC. DEC. .DEC. DEC. DEC. DEC. 25 25 25 25 25 25 25 25 25 112. 08 129. 16 101. 50 57. 66 71. 29 58. 55 152. 56 76. 79 33. 15 25 25 25 25 25 25 25 25 25 25 25 126. 05 142. 53 163. 33 123. 47 66. 59 64. 51 67- 46 186. 27 91. 74 37. 07 68. 17 25 25 25 25 25 25 25 25 -1. 21 —3- 59 3. 16 -5. 23 3. 42 2. 07 0. 71 - 8 . 05 0. 0. 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, MAM 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U. K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA . DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 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 DEC. DECDEC. DEC. DEC. DEC. DEC. DEC. SERIES NAME LAST VALUE PLOTTED DATE VALUE % CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PES FINE OUNCE DEC. 25 326.32 CHART 4. CALL MONEY HATES 8.02 DEC. DEC. DEC. DEC. DEC. DEC. DECDEC. DEC. 25 25 25 25 25 25 25 25 25 8. 13 11-16 9.66 4.75 7.88 9.13 5. 72 DECDEC. DEC. DEC. DEC. DEC. DEC. DECDEC. 25 25 25 25 25 25 25 25 25 7. 76 4.78 7.30 9- 26 1 1.78 4.28 9.00 5.75 7.94 DEC. DEC. DEC. DEC. DEC. DEC. 25 25 25 25 25 25 8. 13 8.34 8. 17 7. 9 5 7.94 7.98 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL DEC. 25 DEC- 25 DEC. 25 8. 13 8.02 0. 11 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL DEC. 25 DEC. 25 DEC. 25 7.95 7. 76 0. 19 U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND 1.00 CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GBNSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED A V E R A G E FOREIGN INTEREST RATE iG-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES e S e t t l e NAM* LAST Va^Uii PLOTTED DATE VALUE CHART B. INTEREST ARBITRAGE, 3-MONTii FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. 25 DEC. 25 DEC. 25 7.95 6, 0* -0. 13 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL DEC. 25 DEC. 25 DEC. 25 7.71 8.02 -0.31 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. 25 DEC. 25 DEC. z 5 7.95 7,9y -0.03 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL DEC. 25 DEC- 25 DEC. 25 7.95 7.74 0.21 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM DEC. DEC. JAN. DEC. DEC. NOV. OCT. DEC. 20 13 13 6 29 20 9.09 6-44 6.2% 4. 56 10.29 1 1-21 7-03 9.99 U.S. CORPORATE AAA BONDS CHART 10- NOV. 10-55 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN DEC. DECDEC. DEC. DEC. DEC. DEC. DEC. IS 18 1ti 18 18 iti 18 18 215-05 242-85 28 4.37 266.23 186.86 271-44 252-67 277- 14 FEDERAL RESERVE statistical release H.10 (512) D4CX&BK* JU, FOREIGN EXCHANGE RATES FOB T H E BEEK E N D I N G DECEMBER 27, 1985 The Board of Governors of the Federal B4eerve System #e 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.RDENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW Z E A L A N D NORMA! PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SM&DZU SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D- M A R K DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGG1T PESO GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND HON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED S T A T E S DOLLAR •znix or n x e m o DEC. 2 3 M.00 17*620 51-230 10160.00 1-3983 3-2095 9-1100 5-4950 7.6875 2-5050 150-700 7-9050 12.1900 122.10 C U R R E N C Y UNITS PER DOLLAR DEC. 24 DEC. 2 5 68.20 17.600 51.150 125.85 68.22 1.4010 3.20 9.1100 5.4950 7.bdb0 2.5050 150.500 7.8050 12.2100 122.40 1709.00 12.2100 122.20 37.32 893.70 156.500 27.430 7.6850 2-1050 39.930 26.740 142.90 2.1180 68.^0 10160.00 1.4000 3.2095 9.1050 5.4950 7.6750 2.5055 150.500 7.8050 1710.00 202.75 2.4330 NA 2.8250 50.200 7.6600 160.250 D E L . 27 17.6O0 51.150 10160.00 1709.00 202.45 2.4330 MA 2.8230 50.000 7.6600 160.250 DEC. 2 6 202.80 2.4330 HA 17.3*4 50.520 10425.00 1.4000 3.20*5 9.0200 5.4520 7.5900 2.47JO 149.000 7.8100 12.1900 123.50 1687.00 202.20 34.40 893.40 156.500 27.430 7.6800 2.1040 39.950 26.740 142.70 50.200 7•6650 160.250 2.1180 37.50 893.40 15b.500 27.4JO 7.6*00 2.103ti 39.930 26.740 1*2.90 2.4375 MA 2.78o5 50.150 7.6200 159.800 2.1130 37.75 893.30 155.3U0 27.42* 7.6400 2.0850 39.920 26.740 143.60 125.88 125.67 124.76 2.1180 L I 2.8200 A T B H A G E B I C B A I G B IALBB or O.S. D O L L A B A C A I M S T C O B B B S C I B S OF O T H S B G-JO C O S I S U I S . I A B C H 1 9 7 3 = 100. M I G H T S ABB 1 9 7 2 - 7 6 G L O B A L ZBAOB O f BACH OF THE 10 COUMTBljiS. S S B I B S M F I S S D A S O f AOGOST 1 9 7 8 . FOB D1SCBIPTIOB AID BACK DATA, StZ OF TH£ •BIGITEFR-ATIBACX I X C H A I G B V A L O B OF T H E U . S . DOLLAB: B B V I S I O M " OM PAGE 7 0 0 OF THE A U G U S T 1976 F I M B A L B B S I B V B B D L L B Z I M . • f u n IS B.S. CUTS
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