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(616/617) Selected Interest & Exchange Rates Weekly Series of Charts February 17,1887 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL^RESERVE SYSTEM . Washington, D C. 20**1 Table of Contents TABLES SUBSCRIPTION RATES: 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 Weekly $15.00 per year or $.40 each in the United es. 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 ITALIAN LIRA 50 45 r L ^ 40 35 - S/V 30 - - I l l i i i 111 I I | I I | I I I I|II|II|II — | — 160 / I I I I J I I I - 140 - 120 - 100 n i l ill ill I f DUTCH GUILDER CANADIAN DOLLAR — 140 /J — 100 - 90 - — I i I i 11111111111 i — U X POUND 80 120 — I 20 200 180 JAPANESE YEN I 25 FRENCH FRANC 80 70 60 90 — £ 80 70 60 50 - I I I I I I I I I I I I | 111111 11 40 240 SWISS FRANC BELGIAN FRANC f 100 — = r 80 — - - - - 70 — - x/ i i i i i i 1985 i / — 90 50 I — 120 60 I I IIIIIIIIII 1967 ^ - \ z ^ x _ Ar — 200 - 180 160 v\/ - - 120 \,i i i i i i 140 i 1985 i IIlllllill I Illllllllll 1987 100 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM PERCENT PER Af 4 JAPANESE YEN CANADIAN DOLLAR + 0 — 4 8 4 I I I I l l <1I1<I11I<, <<I<<1<1I1< — U. K. POUND SWISS FRANC • 0 4 8 8 GERMAN MARK DUTCH GUILDER 4 - 0 4 I I I I I I 4 FRENCH FRANC ITALIAN LIRA 0 4 8 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC U.S. DOLLARS PER FINE 0 .ARS PER FINE OUNCE 480 480 460 460 440 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 260 260 1984 1985 1986 1987 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER A^ •NT PER ANNUM 16 FRANCE 12 U. S. FEDERAL FUNDS - 8 v 4 ~r\w^ , A ' JAPAN iiliiiiiln 0 I I I I I ! : I 16 CANADA 12 8 GERMANY 4 I 0 I I III I I I I I III I I I I 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 l l 1985 1987 l l I I 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES •NT PER ANNUM PERCENT PER Ah 14 12 16 CANADIAN FINANCE CO. PAPER U.S. CD'S 14 10 — 8 6 12 10 WEIGHTED AVERAGE FOREIGN RATE \ 4 I I I I I - 8 6 I 16 14 U K INTERBANK STERLING FRENCH INTERBANK RATE 14 12 12 10 10> 8 I 8 I I I I I 6 10 10 NETHERLANDS INTERBANK RATE 8 8 GERMAN INTERBANK RATE 6 6 - W / V 4 4 2 I I I I I I 2 to 8 8 SWISS INTERBANK RATE JAPANESE GENSAKI RATE 6 6 4 4 2 I 2 1985 1987 I 1985 I I II 1987 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 14 14 3-MONTH — 7-OAY 6-MONTH 12 - to - u I I I I I I 11111111111 — 1-MONTH /A 1-YEAR - 12 10 9 1 1985 1987 1 1 1 1 1 1985 II111111111 1987 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 16 16 14 FEDERAL FUNDS 12 90-DAY CD S D A S H E D LINE D A S H E D LINE 10 OVERNIGHT 3-MONTH E U R O - D O L L A R DEPOSITS 1111111111' E U R O - D O L L A R DEPOSITS I II ' II I II I I DIFFERENTIAL DIFFERENTIAL -J—I—I—I—I—I—I 111111111111 f 11111111111 1985 1 P E R C E N T O N DIFFERENTIAL S C A L E - 2 P E R C E N T O N R A T E S C A L E I I I I I I I 1987 I I 1985 I I I I I I I I I I I I I I I I I I I I I I I 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 14 10 10 EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE DIFFERENTIAL DIFFERENTIAL V 2 I I I I I llllllillll 18 2 18 14 INTERBANK DM — „ COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 14 ffti. X 10 — A 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL I- / ' ' V V v V ^ I I I I I 1985 I J*\ llllllillll I 1987 1 P E R C E N T O N DIFFERENTIAL S C A L E = 2 P E R C E N T O N R A T E S C A L E AAA A I A A I I ^ ^ I I 1985 _ I / W V 0 . J llllllillll 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED KINGDOM UNITED STATES SWITZERLAND JAPAN FRANCE NETHERLANDS GERMANY CANADA CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 16 — UNITED STATES CANADA 14 - 12 10 — 8 I 6 I I 15 13 — UNITED KINGDOM SWITZERLAND 11 9 - 7 I I I l l I 10 — GERMANY 8 - JAPAN - 6 4 - l l l I I I ^22 ™ , 17 U. S . 15 CORPORATE MONTHLY FRANCE Aaa BONDS 13 11 NETHERLANDS MONTHLY 9 7 5 1985 1987 1985 1987 LAST VALUE PLOTTED DATE VALUE SEBIES NAME CHART 1. SPOT EXCHANGE BATES AMD INDICES MEEKLY AVERAGES, BOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GOILDEB ELK- POUND CANADIAN DOLLAR FBENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIBA SWEDISH KRONA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 1 1 1 1 1 1 1 1 1 1 54.78 0.65214 48. 55 15 1. 97 74.84 16.45 64.91 2.64578 0. 07701 15.34 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 1 1 1 1 1 1 1 1 1 15<L09 170. 75 139.38 61.47 74. 59 74. 11 INDICES, MABCH 1973 BASE RATES = 100 GERMAN HARK JAPANESE YEN DUTCH GUILDER U.IU POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA 208. 82 104.2b 43.75 WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) LL S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KBONA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 11 11 11 11 11 11 11 11 11 11 11 9 9. 59 167. 07 181. 39 142. 14 58. 23 7 2.65 71. 34 212. 58 104. 13 4 0.92 66. 81 CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAB U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA FEB. FEB. FEB FEB FEB FEB FEB FEB 1 1 1 1 1 1 1 1 - 1 . 11 -4,34 2. 19 -2.31 2.74 1.01 2. 14 -3.99 SERIES LAST NABE 7ALOE PLq s z e b DATE ¥ALU CHART 3. GOLD PBICE IN LONDON, AFTEBNOON FIXING 0. S. DOULABS PEB FINE OUNCE PES. 11 402-65 CHABT 4. CALL MONEY BATES U.S. FEDEBAL FUNDS OVERNIGHT EUBO-DOLLAB DEPOSITS U.K. CANADA GEBflANX JAPAN FBANCE NETBEBLANDS SWITZERLAND FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 11 11 11 11 11 11 11 11 11 6. 14 6.07 10. 97 7.50 3.96 4.24 7.95 4. 85 1.00 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 11 11 11 11 11 11 11 11 11 6.05 3.91 3.96 7.43 10.88 3.43 8.33 5.25 6.31 FEB. FEB. FEB. FEB. FEB. FEB. 11 II 11 11 11 11 6.07 6.15 6.21 6.24 6.24 6.29 OTEBNIGHT EUBO-DOLLAB DEPOSITS U.S. FEDEBAL FUNDS DIFFEBENTIAL FEB. 11 FEB. 11 FEB. 11 6.07 6. 14 -0.06 3-MONTH EUBO-DOLLAB DEPOSIT BATE U.$. 90-DAY CD'S, SECONDABY BASKET DIFFEAENTIAL FEB. 11 FEB. 11 FEB. 11 6.2l 6.03 0.19 CHART 5. 3-HONTU INTEBEST BATES U.S. 90-DAY CD'S, SECONDABY MABKJBT GERMAN INTEBBANK LOAN JAPANESE GENSAKI BATE CANADIAN FINANCE PAPEB INTEBBANK STEALING SWISS INTEBBANK LOAN FBENCH INTEBBANK BATS NETBEBLANDS INTEBBANK BATE WEIGHTED AVEBAGE FOREIGN INTEBEST BATE (G-10 COUNTBIES PLUS S8IT2EBLAND) CHABT b. EUBO-DOLLAB DEPOSIT BATES: LONDON OFEBNIGHT J~DAI !"a0MTH 3-HONTH 6-MONTH 1-YEAB CHABT 7. SELECTED EUBO-DOLLAB AND U.S. HONEY HABKEZ BATES LAST FALUB PLOTTEI DATE VALUE SEHIJSS NAME CBABT 8. INTEBEST ABBITBAGE, 3-flONTB PONDS EUBO-DOLLAB DEPOSIT DIFFERENTIAL** 1 1 * 6 iL0MD0M) ' COVEBED U.S. COflflEBCIAL PAPEB CANADIAN FINANCE PIPEB, COTEBSO DIFFBBEHTIAL EUBO-DOLLAB DEPOSIT DIFPEBBNTIAL <MANK * 0 B X > ' COVEBED EUBO-DOlLAS DEPOSIT SBISS INTEHBANK, COVEBED D1FFBBEMTTIL FEB. 11 FEB. 11 FEB. 11 6.24 6. 42 -0.18 FEB. 11 FEB. 11 FEB. 11 6.03 6. 29 -0.26 FEB. 11 FEB. 11 FEB. 11 6.24 6. 12 0.12 FEB. 11 FEB. 11 FEB. 11 6. 24 6. 19 0.05 CHABT 9. LONG TEBH GOVEflflENT BOND YIELDS UNITED STATES GEBHANr JAPAN (flONTHLI) SMITZEBLAND CANADA FBANCE NETBEBLANDS (HONTflll) UNITED KINGDOH FEB. 6 FEB. 6 FEB. 6 JAN. 1b JAN. 30 JAN. 30 DEC. FEB. 6 7.22 5u 59 4.28 4.06 8.94 9. 29 6. 40 9.61 JUNE 9. 13 U.S. COBPOBATE AAA BONDS CHABT 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GBBHANI SMITZEBLAND NETHEBLANDS FBANCE JAPAN FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 4 4 4 4 4 4 4 4 293.39 323. 80 341.51 244.33 192. 59 296.42 41b. 48 #61. 94 FEDERAL RESERVE statistical release H.101512) FEBRUARY 13, 1967 FOREIGN EXCHANGE RATES FOR THE MEEK ENDING FEBRUARY 1$, 1987 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified tor 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.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS «NEN ZEALAND NORMAY PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SMEDEN SNITZERLAND TAINAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND NON PESETA RUPEE KROMA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR FEB. 9 (CURRENCY UNITS PER DOLLAR) FEB. 10 FEB. 11 FEB. 12 FEB. 13 66.50 12.775 37.650 17.29 1.3360 3.7314 6.3795 4.5630 6.0530 1.8175 133.600 7.8000 13.1300 146.65 1292.50 152.55 2.5550 2.0510 54.330 7.0085 141.250 2.1455 48.00 861.30 128.750 28.630 6.5050 1.5325 35.060 26.000 151.90 66.74 12.660 37.260 17.29 1.3360 3.7314 6.8000 4.5025 5.9900 1.7980 132.700 7.7850 13.0500 148.05 1280.00 152.40 2.5475 2.0295 54.680 6.9550 140.000 2.1380 48.25 860.70 127.300 28.620 6.4625 1.5180 NA 25.910 153.50 66.80 12.770 37.620 17.46 1.3438 3.7314 6.8620 4.5500 6.0520 1.8173 133.400 7.7895 13.0400 146.57 1292.75 153.70 2.5460 2.0500 54.600 6.9980 141.400 2.1435 47.80 806.10 128.380 28.622 6.5020 1.5380 35.040 25.910 152.30 66.66 12.855 37.800 17.81 1.3455 3.7314 6.9040 4.5775 6.0775 1.8250 133.450 7.7920 13.0300 145.75 1301.00 154.10 2.5480 2.0590 54.250 7.0575 141.400 2.1450 47.90 860.30 129.000 28.633 6.5350 1.5460 35.030 25.910 151.90 66.43 12.870 37.890 17.99 1.3425 3.7314 6.9060 4.5715 6.0950 1.8300 134.300 7.8010 13.0500 145.50 1302.75 153.70 2.5500 2.0655 54.400 7.0125 142.150 2.1425 47.60 860.50 129.290 28.633 6.5235 1.5490 35.030 25.940 152.00 99.24 98.45 99.36 99.75 99.83 •INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARE 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 HEIGHTED-AVERA6E EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. •VALUE IS U.S. CENTS
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