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Selected Interest &
Exchange Rates
Weekly Series of Charts
February 19, 1985
Prepared by the
FINANCIAL MARKETS
SECTION
DIVISION OF
INTERNATIONAL FINANCE
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. 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
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
180
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
160
140
120
100
I
I
I
I
l
l
l
80
240
—
CANADIAN DOLLAR
SWISS FRANC
-
-
200
160
—
140
120
I
I
I
I
I
I
GERMAN MARK
DUTCH GUILDER
U.K. POUND
FRENCH FRANC
120
#
BELGIAN FRANC
100
—
70
%
1
|
^USvN/
80 -
ITALIAN LIRA
-
-
60
50
I
I
I
I
I
1983
I
Mil,hill,
1985
1983
1985
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
6
—
—
CANADIAN DOLLAR
-
-
ITALIAN LIRA
-
-
+
0
v
i
i
I
i
I
v
1 1 1 1
I
M
lllll I IIIII
i
12
-
A
U. K. POUND
-
\
I
6
I
I
l
l
-
DUTCH GUILDER
-
L
I
i
.A
^
I
I
\
'
i
I
I
llllI Illll I l lllll I Illll
12
12
- /
IGERMAN MARK
rV
I
I
I
/\
V
SWISS FRANC
V
:
I I I
-
I
I
I
I
I
-
I
6
0
16
-
FRENCH FRANC
12
JAPANESE YEN
8
-
16
0
24 -
32
1983
1985
1983
1985
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. [
LLARS PER FINE OUNCE
U.S. DOLLARS PER FINE OUNCE
600
600
560
560
520
520
480
480
12.5 Kg BARS
AFTERNOON FIXING PRICE
440
440
400
400
360
360
320
320
280
280
240
I
1982
1983
I
I I
I
1984
I I
I
I
I
I
I
I »
I
1985
I I
I
I I
240
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANh
f PER ANNUM
24
20
FRANCE
16
U. S. FEDERAL FUNDS
12
8
JAPAN
4
I
0
I
1_L
I
n l
24
EURO-SWISS
FRANC
20
CANADA
16
12
8
4
0
4
20
16
U. K. 2-DAY LOCAL AUTHORITY
12
GERMANY
EURO-DM
I IIIIIIII
1983
1985
1983
1985
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
r PER ANNUM
PERCENT PER AN IUM
18
20
16
—
14
\
12
—
18
-
16
CANADIAN FINANCE CO.
PAPER
\
14
10
-
8
6
12
10
WEIGHTED AVERAGE
FOREIGN RATE
8
J_L
4
I
I
I
I
I
Illllllllll
I
6
18
14
16
12
10
14
UK INTERBANK STERLING
12
8
10
6
8
4
11
12
10
10
A
9
-
8
SWISS INTERBANK RATE
8
JAPANESE BANK
LOANS AND DISCOUNTS
6
7
4
6
2
5
I
I
1983
I
Illllllllll Illllllllll
111 i i 111111111111!
1985
1983
1985
0
CHART 6
EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
NT PER ANNUM
PERCENT PER Al
OVERNIGHT
3-MONTH
12
8
4
24
20
7-DAY
6-MONTH
16
12
8
4
24
20
1-MONTH
1-YEAR
16
12
8
4
L_J
1983
LUU
1985
1983
1985
CHART 7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES
DIFFERENTIAL: PLUSC+), FAVORS BORROWING IN U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
20
22
18
20
16
18
14
16
FEDERAL FUNDS
DASHED LINE
3-MONTH
EURO-DOLLAR DEPOSITS
12
14
12
10
10
OVERNIGHT
EURO-DOLLAR DEPOSITS
-
8
I I I I I I I I I I I
6
90-DAY CD' S
J__L
1_A
111111111111111111111
I
I
I
I
I
L
I
111111111111
3
DIFFERENTIAL
DIFFERENTIAL
-
.Azvu/1 / W A w v N V A W A A . .
1
1
1
1
1
11 a aaA * il
L
A/vVv/v
1
u
A Mn
Vw\
II111111111
1983
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
AAJUx>1
r
II1111111II
1985
1
1
1
1
1
1983
1
111 11 1 1 1 1 1 1
11111111111
1985
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERt •NT PER ANNUM
PERCENT PER Ah
22
18
14
CANADIAN FINANCE
CO. PAPER, COVERED
EURO-DOLLAR DEPOSITS
DASHED LINE
10
INTERBANK STERLING
6
COVERED LONDON
U. S. COMMERCIAL PAPER
J_1
2
4
DIFFERENTIAL
DIFFERENTIAL
2
f
/ v
n
/ V
W^
0
2
I
I
I
I
I- I
1 1 1
22
18
14
SWISS INTERBANK (SF) COVERED
INTERBANK DM
COVERED FRANKFURT
10
EURO-DOLLAR DEPOSITS
6
DASHED LINE
EURO-DOLLAR DEPOSITS
DASHED LINE
i
I II
2
i
i
i
i
i
i
2
DIFFERENTIAL
D I F F E R E N T I A L
0
1 AjI
2
i
1
1983
1985
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
A ./Vi
1
|
|
^
1
^ II
1
1 9 8 3
1
, , l ,
A
A »
4 A
f-
i l n l n
1 9 8 5
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PEF ENT PER ANNUM
PERCENT PER ALINUM
19
19
UNITED STATES
15
-v/iy
CANADA
|
-
11
15
11
-
7
i
i
i
I
I
I
7
15
9
UNITED KINGDOM
SWITZERLAND
—
—
11
5
—
I
7
13
I
I
I
I
I
1
13
MONTHLY
GERMANY
-
JAPAN
-
9
9
"
I
5
I
I
I
I
-
I
5
22
22
U. S. CORPORATE
MONTHLY
18
18
FRANCE
Aaa BONDS
-
14
14
-
—
NETHERLANDS
MONTHLY
10
6
—
J_L
I
1983
1985
I
I
I
I
1983
I
I IIIIIIIIII I IIIIIIIIII
1985
10
6
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
SCALE
9=100
1969=
240
240
200
UNITED STATES
UNITED KINGDOM
200
180
180
160
160
140
140
120
120
100
100
200
200
180
160
180
NETHERLANDS
FRANCE
160
140
140
120
120
100
100
90
90
80
80
70
70
180
180
160
160
SWITZERLAND
140
120
110
140
120
GERMANY
100
100
90
90
80
80
70
70
320
320
CANADA
280
240
JAPAN
280
240
200
200
180
180
160
160
140
140
120
120
SERIES
CHART
1. S P O T
WEEKLY
LAST VALUE PLOTTED
DATE
VALUE
NAME
EXCHANGE RATES
AND INDICES
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. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KR08A
INDICES,
MARCH
1973
BASE
RATES =
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 =
3-MONTH FORWARD EXCHANGE RATES,
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
ITALIAN LIRA
30. 58
0 . 3 8 249
27.01
110.24
74. 74
10. 02
35.90
1.52598
0. 0 4 9 7 4
10. 80
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
13
13
13
13
13
13
13
13
13
86. 03
100. 15
77. 54
4 4. 59
7 4. 49
45. 15
115. 50
60. 13
28. 26
13
13
13
13
13
13
13
13
13
13
13
157.11
127. 80
149. 15
111.43
60.71
106. 80
61. 26
167. 21
85. 12
37.62
67.37
13
13
13
13
13
13
13
13
- 1 . 26
-4. 36
2. 70
- 1 . 84
3. 42
1. 95
2. 60
- 5 ,,42
100
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
U.S. DOLLAR
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
SWEDISH KRONA
2.
13
13
13
13
13
13
13
13
13
13
100
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. P O U N D
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
CHART
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
PREMIUM
OR
DISCOUNT
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
LAST VALDE PLOTTED
DATE
VALUE
SERIES NAME
CHART
3.
GOLD
U.S.
CHART
4.
PRICE
DOLLARS
CALL
MONEY
IN L O N D O N , A F T E R N O O N
PER
FINE OUNCE
FEB.
13
301.46
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
JAN.
FEB.
13
13
8
1
8
15
8
8
1
15
8. 44
8. 25
14. 13
10. 13
6. 00
5. 81
6. 2 5
10. 50
10. 3 0
1. 4 0
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
13
13
13
13
13
13
13
8. 64
6. 18
6. 31
10. 42
13. 6 4
5. 57
8. 97
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
13
13
13
13
13
13
8.25
8.46
8. 60
9. 04
9.36
10.03
FEB.
FEB.
FEB.
13
13
13
8.25
8.44
- 0 . 19
FEB.
FEB.
FEB.
13
13
13
9.04
8.64
0.40
RATES
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
CHART
FIXING
DEPOSITS
5. 3 - M O N T H I N T E R E S T R A T E S
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
GERMAN INTERBANK LOAN
JAPANESE BANK LOANS 6 DISCOUNTS
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.
EURO-DOLLAR
DEPOSIT
RATES: LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
.
SELECTED EURO-DOLLAR
OVERNIGHT EURO-DOLLAR
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
AND
U.S.
MONEY
DEPOSITS
RESERVE REQUIREMENTS
3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 90-DAY CD'S, SECONDARY MARKET
DIFFERENTIAL
MARKET RATES
SERIES
CHART
8.
CHART
INTEREST
NAME
ARBITRAGE, 3-MONTH FUNDS
9. 04
9. 13
- 0 . 09
EURO-DOLLAR DEPOSIT
I N T E R B A N K STERLING (LONDON), C O V E R E D
DIFFERENTIAL
FEB.
FEB.
FEB.
13
13
13
U.S. C O M M E R C I A L PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
FEB.
FEB.
FEB.
13
13
13
9. 13
- 0 . 66
EDRG-DOLLAB 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
FEB.
FEB.
FEB.
13
13
13
9. 04
8. 92
0. 12
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, COVERED
DIFFERENTIAL
FEB.
FEB.
FEB.
13
13
13
9. 04
9. 04
- 0 . 01
FEB.
FEB.
DEC.
JAN.
FEB.
FEB.
DEC.
FEB.
8
1
1 1.3 7
7. 19
6. 36
4. 68
1 1. 38
12. 17
7. 72
10. 28
9. L O N G
TERM
G O V E R M E N T BOND
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
N E T H E R L A N D S (MONTHLY)
UNITED KINGDOM
U.S.
10.
STOCK
BONES
YIELDS
4
1
1
8
12. 08
10. 29
JAN.
NOV.
INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
€.47
CORPORATE
AAA B O N D S
EURO-DOLLAR
CHART
LAST VALUE P10TT
DATE
VALfJE
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
6
6
6
6
6
6
6
6
186. 32
2 1 6 . 18
258. 95
169. 86
138. 94
188. 81
198. 53
243. 66
FEDERAL RESERVE statistical release
H.10 (512)
FEBPfJAFY
19,
1985
FOREIGN EXCHANGE RATES
FOR
THE WEEK
ENDING
FEBRUARY
15, 1985
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
DOLLAR
SCHILLING
AUSTRIA
BELGIUM
FRANC
CRUZEIRO
BRAZIL
CANADA
DOLLAR
CHINA,P.R.
YUAN
KRONE
DENMARK
FINLAND
MARKKA
FRANCE
FRANC
GERMANY
D. M A R K
GREECE
DRACHMA
HONG KONG
DOLLAR
INDIA
RUPEE
•IRELAND
POUND
SHEKEL
ISRAEL
ITALY
LIRA
JAPAN
YEN
RINGGI
MALAYSIA
PESO
MEXICO
GUILDER
NETHERLANDS
•NEW Z E A L A N D
DOLLAR
NORWAY
KRONE
PESO
PHILIPPINES
PORTUGAL
ESCUDO
SINGAPORE
DOLLAR
•SOUTH AFRICA
RAND
WON
SOUTH KOREA
PESETA
SPAIN
RUPEE
SRI L A N K A
SWEDEN
KRONA
SWITZERLAND
FRANC
DOLLAR
TAIWAN
BAHT
THAILAND
•UNITED KINGDOM & O U N D
BOLIVAR
VENEZUELA
MEMO:
•UNITED S T A T E S
DOLLAR
FEB.
11
75.87
22.970
65.680
3729.00
1.3391
2.8167
11.6950
6.8050
9.9975
3.2755
133.150
7.8040
12.8500
94.92
NA
2010.50
261.65
2.5560
234.7500
3.7070
45.590
9.4025
NA
185.000
2.2665
53.00
837.40
(CURRENCY U N I T S PER D O L L A R
FEB. 12
FEB. 13
73.70
23.193
66.250
3729.00
1.3408
2.8589
11.8125
6.8760
10.0775
3.3020
133.600
7.8000
12.9500
94.28
NA
2031.50
262.80
L
'
180.200
26.592
9.2750
2.7950
39.180
27.900
109.70
NA
157.39
0.25
2.5560
233.5000
3.7415
45. 150
9.4875
NA
182.000
2.2620
54.00
838.40
182.250
26.592
9.3420
2.8120
39.200
28.100
108.75
NA
158.54
FEB.
14
74.59
23.113
66.110
3802.00
1.3407
2.8589
11.7650
6.8450
10.0700
3.2900
133.800
7.7975
12.9700
94.50
NA
2029.00
260.50
2.5555
233.0000
3.7275
45.370
9.4400
NA
182.500
2.2610
53.30
839.00
181.950
26.592
9.3075
2.7985
39.230
28. 100
109.20
NA
157.99
FEB.
15
73.80
22.955
65.750
3802.00 *
1.3398
2.8475
11.7100
6.8050
10.0075
3.2665
133.350
7. 8000
12.8900
95.28
NA
2024.00
257.85
2.5325
234.0000
3.7005
*5.660
9.3850
NA
180.500
2.2400
52.25
838.00
180.700
26.592
9.2550
2.7770
39.260
28.000
110.20
NA
156.97
•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. D O L L A R A G A I N S T C U R R E N C I E S OF OTHER G-11
C O U N T R I E S . M A R C H 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 T H E 10 C O U N T R I E S .
SERIES R E V I S E D AS OF A U G U S T 1978. FOR D E S C R I P T I O N AND BACK D A T A , 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 700 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 .
• V A L U E IS U.S. C E N T S
@FedFRASER