Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : December 31, 1984

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

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JRN

Selected Interest &
Exchange Rates
Weekly Series of Charts

| December 31, 1984

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551




'

7 685

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. d O L D 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 1973=100

RATIO SCALE
MARCH 1973=100

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

120

—

100

-

JAPANESE YEN

—

CANADIAN DOLLAR

SWISS FRANC

—

200

80
70 -

—

60

I

I

I

I

I

I

11 III hill i I I I I I I I I I II I I

160

I

I

GERMAN MARK

140
120

-

100

-

v

r

I

r

i
DUTCH
GUILDER

-

-

J

80 ~ i

1 1

I

I

I

iilnliilii

V/

V

-

lllllllllll

120

~i

i

i

I

I

I

—

100

" 120

-

100
U.K. POUND

80 -

—

V^yv y w

80
—

—

|

-

70

—

50 40

FRENCH FRANC

—

70 60

I

I

—

60

I

I

I

I

I

I

I

iilnliilii

lllllllllll

140

—

BELGIAN FRANC

120

50
I

I

I

lllllllllll

lllllllllll

—

70

ITALIAN LIRA

100

-

80

—

70

-

60

-

50

-

v/^A.

1 1 1




I

I
1982

I

-

—

-

—

lllllllllll
1984

40

— — .
iy

v

-\

-

60

-

50

-

40

—

35
30

I

I

I

I

I
1982

I

iilnliilii
1984

25

CHART 2

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

PERCENT PER ANNUM

6

24
-

CANADIAN DOLLAR

I

I

I

I

I I

ITALIAN LIRA

-

-

IIIMIKIM

24

DUTCH GUILDEf

U. K. POUND
\

6

r^\

~

9

J

i

i

I

I

I

<<I<<I<<I<,

6

12

15

J
IAr W

SWISS FRANC

GERMAN MARK

—

A Z Y

V

x

v

/

X _

-

I

I

I

i

i

i

I

I

I

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

12.5 Kg BARS
AFTERNOON FIXING PRICE

500 -

500

450 -

400

450

-

400

350 -

350

300 -

-

250

300

250
1981




1982

1983

1984

CHART 4

CALL MONEY RATES
WEEKLY SERIES

PERCENT PER ANNUM

PERCENT PER ANNUM

28

24

24

-

-

20

—

\
20

V

-

U. S. FEDERAL FUNDS

A

FRANCE

-

-

-

16

12
I

12

-

8

-

4

^

^

-I

-

JAPAN

| ||

lllllllllll

16

8

4

I

I

I | | | | | I I0| I j

iilnliiln

I

24
CANADA

20

EURO-SWISS
FRANC
16

12

20
16
U. K. 2-DAY LOCAL AUTHORITY




GERMANY
-

I
EURO-DM

I
1982

1984

I
1982

I

*

I

iihiliilii
1984

12

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES

PERCENT PER ANNUM

PERCENT PER ANNUM

22

24

U.S. CD'S

CANADIAN FINANCE CO
PAPER

WEIGHTED AVERAGE
FOREIGN RATE

20

• #

—

-

—

U.K. INTERBANK STERLING
i

16

—

\a

e
12

GERMAN INTERBANK RATE

-

A

\

-

—

#

*

I

8

I

l

I

I

I

I I | I I | I I | I I | I I | I I | I I | I I

11

I SWISS INTERBANK RATE
#

9

IV
JAPANESE BANK
LOANS AND DISCOUNTS

-I

#

-

-

7

S

-

5

-

I

I

I I|I,|II| II

I




1982

| | | | | | I| |
|||
I I
1984

1982

1984

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY

PERCENT PER ANNUM

PERCENT PER ANNUM

24




24

OVERNIGHT

3-MONTH

7-DAY

6-MONTH

1-MONTH

1-YEAR

1982

1984

1982

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
PERCENT PER ANNUM

26

26

22

22

FEDERAL FUNDS

18

3-MONTH
E U R O - D O L L A R DEPOSITS

-

18

-

14

-

10

14 -

V I

OVERNIGHT
10

-

E U R O - D O L L A R DEPOSITS

V

90-DAY CD' S

- J — I — I — I — I — I — I — i

i 11 i I i i I i i I ii 11 i 11 i I m

IIIIIIII

DIFFERENTIAL

DIFFERENTIAL
-

I

1 I I I I I I I I I I I I II I I I I I I I I I

1982
1 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




1984

I

I

I

I

I
1982

I

I IIIIIIIIII

II I I I I I I I I I
1984

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

28

28

EURO-DOLLAR DEPOSITS

20

DASHED LINE

-

20

-

12

CANADIAN FINANCE
CO. PAPER, COVERED

12
INTERBANK STERLING

COVERED LONDON

U. S. COMMERCIAL PAPER

4

2
DIFFERENTIAL

—

DIFFERENTIAL

1

a / v /
I

2

I

I

~i

i

r

f

i

/ V y

1

Wvf

1

—

/ Z

4

1

28

28

20

SWISS INTERBANK (SF) COVERED

INTERBANK DM

-

COVERED FRANKFURT

-

12

ii lii hill i

4

12

k A x

i
h
EURO-DOLLAR D E P O S I T S ^

EURO-DOLLAR DEPOSITS

DASHED LINE

—DASHED LINE

1

iiii

1

1

2

DIFFERENTIAL

DIFFERENTIAL
-

.

•

1.

I
"
~ V xVWwyAzV-/

r A l

A^VA/
1

1
1982

l

1
1984

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE




20

i

1

I

I
1982

I
1984

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES

PERCENT PER ANNUM

PERCENT PER ANNUM

19

19
CANADA
UNITED STATES

15 "
UNITED KINGDOM

•

«

11

• #

I

I

I

I

I

J

I I I I I I I I I I I

-

I

I

I

I

I

I

I I I I I I I I1I I I
13

13

MONTHLY

GERMANY

—

•

I

SWITZERLAND

-

-

JAPAN

9

5

22

I

I

I

I

U. S. C O R P O R A T E

I

I

I

I

I

MONTHLY

FRANCE
18
Aaa BONDS

14

10




NETHERLANDS
MONTHLY

JILL
1982

Mill
1984

1982

1984

CHART 10

INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100

RATIO SCALE
1969=100

240

240
UNITED STATES

200

160

rj

-

V v

W

120

-

-

-

-

p

JAPAN

V

_/\

-

200

-

160

120

-

i

i

i

I

i

-

n

210

210

170

170
UNITED KINGDOM

130

—

k

A

FRANCE

/ V V Z

/Y\

90

l

70

l

I

I

|

—

—

-

-

,

- I A/

,
z

-

90

|

7 0 #

190

190

150

110

GERMANY

SWITZERLAND

-

-

*

I

I

—

150

-

110

I

70

180

360
NETHERLANDS

—

CANADA

140

100

130

280

-




-

200

\

-

-

l
1982

1984

I
1982

l

lllllllllll

160

120
1984

SERIES

CHART

1. S P O T

WEEKLY

LAST VALUE PLOTTED
DATE
VALUE

NAME

EXCHANGE R A T E S AND I N D I C E S

A V E R A G E S , NOON

BUYING

RATES

(U.S. C E N T S )

G E R M A N MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. P O U N D
C A N A D I A N DOLLAR
FRENCH FRANC
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
INDICES,

MARCH

1973

BASE R A T E S =

WEIGHTED AVERAGE EXCHANGE VALUE INDICES,
(G-10 C O U N T R I E S P L U S S W I T Z E R L A N D )

MAR

1973

U.S. D O L L A R
G E R M A N MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
I T A L I A N LIRA
SWEDISH KRONA
2.

3 - M O N T H F O R W A R D E X C H A N G E R A T E S , P R E M I U M OR

CANADIAN DOLLAR
U.K. P O U N D
G E R M A N MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
J A P A N E S E YEN
I T A L I A N LIRA



26
26
26
26
26
26
26
26
26
26

32.01
0.40274
28.35
117.04
75.94
10.46
38.89
1.59553
0.05201
11.20

DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.

26
26
26
26
26
26
26
26
26

9 0. 05
10 5. 45
81. 39
47. 34
75. 68
47. 16
125. 13
6 2. 87
29. 54

DEC. 26
DEC. 26
D E C . 26
DEC. 26
DEC. 26
DEC. 26
D E C . 26
D E C . 26
DEC. 26
DEC. 26
D E C . 26

150. 04
129. 26
151. 74
112. 90
62. 31
10 4. 49
61. 75
174. 91
85. 87
37. 96
67. 3 4

100

G E R M A N MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA

CHART

DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.

100

DISCOUNT
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.

2 6

26
26
26
26
26
26
26

-1.35
-1.14
3.07
-1.99
3.67
2.98
2.37
-5.58

SEBIES

C H A R T 3.

GOLD

PRICE

U.S. D O L L A R S

4. C A L L

IN L O N D O N , A F T E R N O O N
PER

FIXING

FINE OUNCE

DEPOSITS

EURO-DOLLAR

309.25

DEC.
DEC.
DEC.
NOV.
DEC.
DEC.
DEC.
DEC.
JAN.
DEC.

26
26
28
16
28
21
28
28
1
21

7. 95
7.81
9. 25
1 1.96
5.55
5.38
6.31
1 1.81
10. 30
1.55

DEC. 26
DEC. 26
DEC. 26
DEC. 26
DEC. 26
D E C . 26
D E C . 26

8. 24
5. 80
6. 25
10. 15
9. 88
4. 88
8. 34

DEC. 26
DEC. 26
DEC. 26
DEC. 26
DEC. 26
DEC. 26

7. 81
8. 52
8. 34
8. 61
9. 11
9. 86

DEPOSIT RATES: LONDON

OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR

.

26

3-MONTH INTEREST RATES

U.S. 90-DAY CD'S, SECONDARY MARKET
G E R M A N I N T E R B A N K LOAN
J A P A N E S E BANK L O A N S S D I S C O U N T S
C A N A D I A N FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN INTEREST RATE
(G-10 C O U N T R I E S P L U S S W I T Z E R L A N D )

C H A R T 6.

DEC.

MONEY R A T E S

U.S. F E D E R A L F U N D S
OVERNIGHT EURO-DOLLAR
U. K.
CANADA
GERMANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC

C H A R T 5.

L A S T V A L U E PLOTTED™
DATE
VALUE

NAME

SELECTED EURO-DOLLAR

AND U.S.

MONEY M A R K E T BATES

OVERNIGHT EORO-DOLLAB DEPOSITS
U.S. F E D E R A L F U N D S
D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S

DEC.
DEC.
DEC.

26
26
26

7. 81
7. 95
- 0 . 14

3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T
DIFFERENTIAL

DEC.
DEC.
DEC.

26
26
26

8. 61
8. 24
0. 3 7




SERIES

CHART 8.

CHART

INTEREST

LAST VALUE PLOTTED
DATE
VALUE

NAME

ARBITRAGE, 3-MONTH FUNDS

EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), C O V E R E D
DIFFERENTIAL

DEC.
DEC.
DEC.

26
26
26

8. 61
8.,71
- 0 ., 10

U.S. C O M M E R C I A L P A P E R
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL

DEC.
DEC.
DEC.

26
26
26

8. 11
8. 7 7
- 0 .i 66

EURO-DOLLAR DEPOSIT
I N T E R B A N K DM ( F R A N K F U R T ) , C O V E R E D
DIFFERENTIAL

DEC.
DEC.
DEC.

26
26
26

8. 61
8« 92
- 0 . 31

EURO-DOLLAR DEPOSIT
SWISS I N T E R B A N K , C O V E R E D
DIFFERENTIAL

DEC.
DEC.
DEC.

26
26
26

8. 61
8. 59
0 . 02

DEC.
D?C.
OCT.
NOV.
NOV.
OCT.
AUG.
DEC.

21
14

11.37
7.00
6.61
4.78
11.81
12.33
8. 50
9.90

9. L O N G

TEKti G O V E R M E N T B O N D

UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM

YIELDS

23
30
26
21

CORPORATE
AAA B O N D S
EURO-DOLLAR

CHART

10.

STOCK

BONDS

12.29
10.29

INDICES

UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN




NOV.
NOV.

DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.
DEC.

19
19
19
19
19
19
19
19

171. 99
207. 23
236. 8 2
161. 25
128. 38
174. 03
183. 6 4
237. 99

FEDERAL RESERVE statistical release
DECEMBER

H10(512)

31,

1984

FOREIGN EXCHANGE RATES
FOB THE SEEK

ENDING

DECEMBER 28,

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 Hew York City for cabfte transfers payable in foreign currencies:

COUNTRY

MONETARY
UNIT

•AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHINA,P.R.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ISRAEL
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
•NEW Z E A L A N D
NORWAY
PHILIPPINES
PORTUGAL
SINGAPORE
•SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM
VENEZUELA

DOLLAR
SCHILLING
FRANC
CRUZEIRO
DOLLAR
YUAN
KRONE
MARKKA
FRANC
D, MABK
DRACHMA
DOLLAR
RUPEE
POUND
SHEKEL
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
PESO
ESCUDO
DOLLAR
RAND
SON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
3AHT
POUND
BOLIVAR

MEMO:
•UNITED STATES

DOLLAR

DEC. 24
83,65
21,945
62,650
3056.00
1.3164
2,7971
11, 1800
6,4950
9.5550
3.1240
127.900
7,8275
12,3200
99,75
NA
1926,00
248,10
2,4170
225.0000
3,5260
48,000
9,0400
HA
168,200
2,1760
51.05
827,10
172.500
26,262
8,9250
2,5700
39,510
27,100
117,30
NA
149,99

(CURRENCY UNI1rs PER DOLLAR)
DEC. 26
DEC, 25

H
O
L
I
D
A
Y

DEC, 27

DEC. 28

83.35
21,975
62,750
3106,00
1.3170
2.7971
11.2000
6.5050
9.5750
3,1260
128.000
7, 8285
12.3200
99.70
NA
1924,00
249.05
2.4180
225,0000
3.5300
47,900
9,0500
NA
168,500
2,1760
51,00
827,10
172,900
26.262
8,9350
2.5760
39.510
27,100
117, 10
NA

82,90
22,145
63.220
3106.00
1,3206
2.7971
11.2750
6,5450
9.6450
3, 1520
128.550
7.8200
12.3800
99. 10
NA
1941.00
250.20
2,4230
228.0000
3,5600
47,670
9,1000
NA
170,000
2. 1780
50,50
828,10
173,200
26,292
8,9800
2,5990
39,520
27,150
116,25
MA

82.83
22«055
63.050
3184.00
1,3207
2.8027
1 1.2500
6.5250
9.6150
3.1440
128.700
7.8200
12.4000
99.20
NA
1927,00
250.45
2.4260
226.0000
3,5470
47.650
9.0750
MA
170.000
2. 1760
50,50
829,10
173,600
26.292
8.9530
2.5910
39.540
27.150
116,30
NA

150,20

151.24

150,91

•INDEX OF W E I G H T E D A V E R A G E E X C H A N G E V A L U E OF U.S. DOLLAR A G A I N S T C U R R E N C I E S OF OTHER G-11
COUNTRIES. MARCH 1973 = 100. W E I G H T S ARE 1972-76 G L O B A L T R A D E OF EACH
OF THE 10 C O U N T R I E S .
SERIES R E V I S E D AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
W E I G H T E D - A V E R A G E E X C H A N G E V A L U E OF T H E U.S. D O L L A R : R E V I S I O N " ON P A G E 7 0 0 O F T H E AUGUST
1978 F E D E R A L R E S E R V E B U L L E T I N .
•VALUE IS U.S. C E N T S