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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts , February 13, 1984 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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. D A I L Y 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 1 9 7 3 = 1 0 0 160 —I 120 - 100 - / | || 80 120 — 100 - 160 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 JAPANESE YEN s - lllllllllll - 120 - 100 lllllllllll "i | | lllllllllll — — CANADIAN DOLLAR 200 —/v_^——- I 60 I I I I : 160 W I I I 180 I _LJ 111 III 111 120 — 160 180 — 160 GERMAN MARK 140 •w \ 140 DUTCH GUILDER 120 - v ' 100 i I w v X / x 120 \J — i I I I,lul„l,~ — - — "vX U.K. POUND - 80 60 100 I 120 100 80 240 SWISS FRANC - 80 140 FRENCH FRANC — - — 50 ~l I I I I I l l ™ I 160 140 — - BELGIAN FRANC 1° 100 80 70 ITALIAN LIRA 60 - V v / V ' v — 80 - 60 - ^ I I I I I 1982 I 50 - X 40 i I I | I I | I I | I I | I I | I I I | II II| I I I 1984 I 1982 I I I I I I I I I I I I I I I I 30 I I I I I I I I 1984 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER Al 6 + ITALIAN LIRA - CANADIAN DOLLAR - 0 "II.IIMIM 6 6 DUTCH GUILDEFI U. K. POUND : KvA " + 0 6 I 9 I I I I I 12 SWISS FRANC GERMAN MARK 6 + 0 Illllllllll I I I ! I I iiliihiin 8 FRENCH FRANC + 0 JAPANESE YEN 8 16 24 niiiiiiin 32 1982 1984 1982 1984 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY LLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 450 400 350 300 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES JT PER ANNUM PERCENT PER Af 28 24 \ 20 a FRANCE U. S. FEDERAL FUNDS 1/ 16 - 12 JAPAN 8 I 4 I I 24 CANADA 20 EURO-SWISS FRANC 16 12 8 NETHERLANDS 4 + 0 24 20 16 U. K. 2-DAY LOCAL AUTHORITY GERMANY 12 EURO-DM 8 4 1982 1984 1982 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES ANNUM PERCENT PER 22 24 20 18 U.S. CD'S CANADIAN FINANCE CO. PAPER 16 14 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 SWISS INTERBANK RATE 8 9 JAPANESE BANK LOANS AND DISCOUNTS 7 4 5 0 1982 1984 1982 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER 24 20 OVERNIGHT 16 12 8 111 h i l l i 4 24 20 6-MONTH 16 12 8 4 24 20 1-MONTH 16 12 8 4 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 PERCENT PER ANNUM 26 26 22 22 FEDERAL FUNDS 18 18 3-MONTH E U R O - D O L L A R DEPOSITS 14 - 10 - 14 OVERNIGHT 90-DAY CD S E U R O - D O L L A R DEPOSITS i 1111 - \ 111 11 I i 111 i 10 I IIIII III DIFFERENTIAL - - I roLy r LLAIUA^. i n i i i i i i *v 11111111111 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 PERCENT ON RATE S C A L E , DIFFERENTIAL i i 111111111 1984 1 ! 1982 i 111 i i 1 1 1 1 1 1 " 1 1 1 1 1 1 M 111 1984 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 EURO-DOLLAR DEPOSITS DASHED LINE - 20 CANADIAN FINANCE CO. PAPER, COVERED 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER - DIFFERENTIAL H- DIFFERENTIAL - q/4w/V^ 2 4 28 28 20 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 COVERED FRANKFURT 12 12 EURO-DOLLAR DEPOSITS^ EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE i i i l DIFFERENTIAL f wyA/ /V i i 1 1 1 1982 iiliilnlii ~ | 1984 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 i i 4 2 DIFFERENTIAL - i i | -A AoAIA^I 1 1 -W- . A"/%Xz-/Xzv v\/A/v-^ v 1 1 1982 1 Iiliilnlii 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM # PERCENT PER ANNUM 19 19 ' CANADA w . 15 I UNITED STATES - - Ay V - 15 - 11 e 11 - - # 7 I I I I I ~ I 15 — D \F a - 11 13 — SWITZERLAND I — 1 1 1 11111111111 I I I I I I I I I I I I I I 1I I I 13 MONTHLY — JAPAN 9 i — A M i UNITED KINGDOM - 7 i — — GERMANY - - 5 22 I I I I I U. S. CORPORATE I I I I MONTHLY FRANCE 18 Aaa BONDS 14 EURO-DOLLAR BONDS 10 -\ V NETHERLANDS MONTHLY 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 240 200 - 160 - UNITED STATES rj I I I — - 120 I / JAPAN - - - — - - I N 210 — 170 UNITED KINGDOM 130 90 70 ~ h A / V \ / FRANCE yv> V M J - - - - I I I I I I - I I| M |||||| GERMANY SWITZERLAND - - - I NETHERLANDS 1982 I I CANADA 1984 1982 1984 SERIES CHART 1. S P O T WEEKLY LAST VALUE PLOTTED DATE VALUE NAME EXCHANGE BATES AND INDICES A V E R A G E S , NOON BUYING R A T E S (U.S. C E N T S ) G E R M A N 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 F R A N C SWISS F R A N C BELGIAN FRANC ITALIAN LIRA INDICES, M A R C H 1973 BASE R A T E S = WEIGHTED A V E R A G E E X C H A N G E VALUE I N D I C E S , MAR (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 ) 1973 U.S. DOLLAR G E R M A N MASK J A P A N E S E YEN DUTCH G U I L D E R O.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA S W E D I S H 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 , PREMIUM OR C A N A D I A N DOLLAR U.K. POUND G E R M A N MARK FRENCH F R A N C SWISS FRANC DUT B G U I L D E R J A P A N E S E YEN I T A L I A N LIBA 8 8 8 8 8 8 8 8 8 36.34 0.42807 32.21 141.99 80.23 11.83 45.08 1.77440 0.05910 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 8 8 8 8 8 8 8 8 8 102.24 112.08 92.47 57.43 79.97 53.32 145.03 69.92 33. 57 8 8 8 8 8 8 8 8 8 8 8 133.46 134.75 146.54 117.26 69.67 100.39 63.90 185.18 87.15 39.44 67.70 8 8 8 8 8 8 8 8 0.03 0.53 3.92 -4.68 6.32 3.78 3.46 -7.31 100 G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. P O U N D C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC ITALIAN LIRA ^HART FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 100 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. D I S C:GUNT OUNT FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. L A S T VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3, G O L D PRICE IN L O N D O N , A F T E R N O O N FIXING U . S . D O L L A R S PES FINE OUNCE CHART 4. C A L L FEB. 8 382.63 FEB. FEB. FEB. JAN. FEB. FEB. FEB. FEB. JAN. FEB. 8 8 10 13 10 10 10 10 1 10 9.58 9.55 9.13 9.59 5.50 5.57 6.00 11.75 10.30 2.75 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 8 8 8 8 8 8 8 9.40 6.02 6.25 9.85 9.34 3.39 8.43 FEB. FEB. FEB. FEB. FEB. FEB. 8 8 8 8 8 8 9.55 9.55 9.56 9.73 9.89 10.25 HONEY R A T E S U.S. F E D E R A L F U N D S O V E R N I G H T EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3 - M O N T H I N T E R E S T RATES U . S . 90-DAY C D ' S , SECONDARY M A S K E T G E R M A N I N T E R B A N K LOAN J A P A N E S E LANK L O A N S 6 D I S C O U N T S C A N A D I A N F I N A N C E PAPER I N T E R B A N K STERLING S W I S S I N T E R B A N K LOAN W E I G H T E B A V E R A G E FOREIGN I N T E R E S T R A T E (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) CHART 6. E U R O - D O L L A R D E P O S I T R A T E S : LONDON OVESNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. S E L E C T E D E U R O - D O L L A R AND U.S. MONEY M A R K E T R A T E S OV&RNIGBT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS 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 FEB. FEB. FEB. 8 8 8 9.55 9.58 -0.03 3 — M O N T H EURC-DOLLAR DEPOSIT R A T E U . S . 90-DAY C D ' S , SECONDARY M A R K E T DIFFERENTIAL FEB. FEB. FEB. 8 8 8 9.73 9.40 0.33 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST A R B I T R A G E , 3-MONTH FUNDS EURO-DOLLAR DEPCSIF INTERBANK STERLING (LONDON), C O V E R E D DIFFEFIE NTIAL FEB. FEB. FEB. 8 8 8 9. 73 9.,8B - 0 . 15 U.S. C O M M E R C I A L PAPER C A N A D I A N FINANCE PAPER, COVERED DIFFERENTIAL FEB. FEB. FEB. 8 8 8 9.,20 9. 87 - 0 .,67 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), C O V E R E D DIFFERENTIAL FEB. FEB. FEB. 8 8 8 9.,73 10.,00 -0.28 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL FEB. FEB. FEB. 8 8 8 9.73 9.76 -0.03 FEB. JAN. JAN. FEB. JAN. OCT. NOV. FEB. 10 13 11.74 8.30 6.94 4.52 12.00 14. 17 8.57 9.88 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 3 13 28 10 U.S. C O B P O B A T E AAA BONDS EURO-DOLLAR CHART 10. BONDS 12.20 10.29 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JAN. NOV. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 8 8 8 8 8 8 8 8 161. 70 176. 98 237. 28 155.58 123.,45 164.,54 166. 83 205.,56 FEDERAL RESERVE statistical release . H. 1 0 ( 5 1 2 ) M FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 10, FEBRUARY 16, 1984 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 rate in New York City for cable transfers payable in foreign currencies: COUNTRY MONETARY UNIT ARGENTINA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE CHINA, P.M. COLOMBIA DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA INDONESIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW Z E A L A N D NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOOTH AFRICA SOUTH KOREA SPAIN SRI LANKA SHEDEN SWITZERLAND TAINAN THAILAND ^•UNITED KINGDOM ^VENEZUELA PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D . HARK DRACHMA DOLLAR RUPEE RUPIAH POUND SHEKEL LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE SOL PESO ESCUDO DOLLAR RAND EON PESETA RUPEE &RONA FRANC DOLLAR BAHT POUND BOLIVAR MEMO: •UNITED STATES DOLLAR FEB. 26.59 92.15 19.337 56.110 1098.00 1-2453 88.850 2.0623 90.960 9.9775 5.8595 8.4140 2.7430 102.200 7.7970 10.7600 995.00 112.70 126.090 1688.00 233.10 2.3385 167.2500 3.0940 65.430 7.7950 2384.56 14.0500 136.500 2.1300 80.35 800.60 156.050 25.270 8.0975 2.2130 40.230 23.000 142.25 12.9000 133.10 FEB. 26.59 92.18 19.500 56.640 1098.00 1.2477 88.850 2.0768 90.960 10.0740 5.8865 8.4840 2.7655 102.850 7.7965 10.7600 995.00 111.40 126.980 1703.00 234.50 2.3395 167.5000 3.1200 65.150 7.8035 2384.56 14.0500 138.800 2.1310 79.35 800.60 S PER DQI.LAR1 FEB. 8 26.59 92.78 19.413 56.430 1098.00 1.2463 88.850 2.0768 90.960 10.0225 5.8680 8.4600 2.7535 102.200 7.7965 10.7600 996.00 112. 10 127.480 1693.00 2 3 4 . 15 2.3385 167.1500 3.1060 65.300 7.7900 2384.56 14.0500 137.750 2 . 1315 80. 10 157.040 25.270 8.1345 2.2350 40.230 23.000 141.07 13.2000 800.30 156.250 ' 25.270 8.1170 2.2295 40.230 23.000 141.28 13.2000 134.09 133.68 FEB. 26. 5 9 93 15 19 26 5 56 .080 1098 00 1. 2 4 6 1 88-»850 2..0768 90.,960 9.,9650 5. 8 4 0 5 4225 2. 7 3 7 5 101. 7 0 0 7. 7 9 7 0 10. 7 6 0 0 9 9 5 . 00 112. 85 127. 7 3 0 1 6 8 5 . 00 2 3 3 . 88 2. 3 3 9 0 167. 2 5 0 0 3. 0880 65. 500 7. 7 5 5 0 2 3 8 4 . 56 14. 0 5 0 0 136. 5 0 0 1310 80.85 7 9 9 . 30 155. 5 1 0 25. 270 8. 0 9 5 0 2275 40. 230 2 3 . 000 142. 10 13. 2 0 0 0 8. 2. 2. 133.13 FEB. 10 27 .27 93 03 19 .325 56 . 1 7 0 1 1 1 6 .00 1 .2463 88 .850 2. 0 7 6 8 91 .300 9.. 9 8 2 0 5..8700 8..4435 2. 7 4 1 5 102. 500 7. 7 8 8 0 10. 7 7 0 0 9 9 5 . 00 112. 50 128. 5 0 0 1688. 00 2 3 4 . 60 2. 3 3 9 5 167. 0000 3. 0 9 0 0 6 5 . 350 7. 7 6 8 0 2 4 1 1 . 55 14. 0 5 0 0 138. 000 2. 1320 80.00 7 9 9 . 30 156. 360 2 5 . 290 1050 2400 4 0 . 230 2 3 . 000 141. 43 8. 2. 12.8000 133.42 I I N D E I O F 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 . D O L L A R A G A I N S T C U R R E N C I E S OF O T H E R G - 1 0 C O U N T R I E S P L U S S W I T Z E R L A N D . M A R C H 1973 = 100. W E I G H T S ARE 1 9 7 2 - 7 6 G L O B A L T R A D E OF EACH O F T H E 10 C O U N T R I E S . S E R I E S R E V I S E D AS OP A U G U S T 1 9 7 8 . FOR D E S C R I P T I O N AND SACK D A T A , SEE " I N D E X OF T H E 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 700 OF T H E A U G U S T 1 9 7 8 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. CENTS
@FedFRASER