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S ~ 4 S 0 (516/517) U B R * r Y 91987 HBO gSSfoV^® eAr. ffof»ALll'*/i!rl cnfc^ BAm 0 f Selected Interest & Exchange Rates Weekly Series of Charts February 2,1987 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. 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 ICALE MARCI 1973=100 200 RATIO SCALE MARCH 197 3=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 180 50 ITALIAN LIRA 160 45 40 — 140 35 120 100 30 — I I I I I I liiIiHuYiYI I M M 25 200 200 180 160 180 JAPANESE YEN GERMAN MARK 160 140 140 120 120 100 100 80 80 140 120 140 DUTCH GUILDER CANADIAN DOLLAR 120 100 100 90 90 80 80 70 70 60 60 90 80 90 U.K. POUND - 80 FRENCH FRANC 70 / — 70 60 60 50 50 40 1 1 1 1 1 1 1 40 120 BELGIAN FRANC SWISS FRANC 100 ^ - z 240 200 90 180 80 160 70 140 60 - 50 1 1985 1987 1 1 1 i i 1985 i 120 100 1987 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM JAPANESE YEN CANADIAN DOLLAR 4 12 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 0 4 4 0 4 8 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY • e U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS 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 1984 1985 i i I i i I i i I i i i i I i i l i i i i i 1986 1987 260 CHART 4 CALL MONEY RATES WEEKLY SERIES 4T PER ANNUM PERCENT PER AN 16 FRANCE U. S. FEDERAL FUNDS 12 8 4 V-v JAPAN J_L 0 J_L I I I I I I :: I IIIIIIIIII llhlllllll 16 CANADA 12 GERMANY 8 4 0 I I _L_L I I I II I 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS IL 0 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES LERCENT PER ANNUM PERCENT PER ANNUM H4 16 u. s CD'S 12 - CANADIAN FINANCE CO. PAPER - 14 10 - 12 10 WEIGHTED AVERAGE FOREIGN RATE I 4 I I I I I i i | m ^ ~ I I I iiliiliilii l i l i i l u l i i 16 14 FRENCH INTERBANK RATE UK. INTERBANK STERLING 14 12 - 12 10 \ r i I i I I I I V 10 - - - II ll i l l I I I I I I I I I I I I I II I I I I I I lllllllllll lllllllllll 8 6 10 10 NETHERLANDS INTERBANK RATE e e - GERMAN INTERBANK RATE 6 • 4 2 / - V A V w - - I I I I I I | | | | | | | | | M 1 1 1 1 1 1 8 JAPANESE GENSAKI RATE A SWISS INTERBANK RATE 6 - A r - I I I I I 1985 1987 4 - - I I s I 1 1 1 1 1985 mIMIIIIM MIHIMIM 1987 2 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER AL 14 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 10 8 6 4 14 12 10 8 6 4 14 12 10 8 6 4 1985 1987 1985 1987 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY [NT PER ANNUM 16 14 12 FEDERAL FUNDS 90-DAY CD'S DASHED LINE DASHED LINE OVERNIGHT 3-MONTH EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 10 8 6 I 4 I I 11111111111 11111111111 I I I I I 11111111111 2 DIFFERENTIAL DIFFERENTIAL 1 + 0 1 J I I I I I I 1111111111N ii 1111111111 1985 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1987 I I I I I I I I I 1985 11111111111 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PIUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY =NT PER ANNUM PERCENT PER AH 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON , 10 EURO-DOLLAR DEPOSITS 6 DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE I *2 2 I I I I I I IIII DIFFERENTIAL DIFFERENTIAL + 0 2 I I I 18 INTERBANK DM 14 SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS 6 2 2 EURO-DOLLAR DEPOSITS DASHED LINE I I I I DASHED LINE I I I I IIIIII I DIFFERENTIAL I I I I I I I I DIFFERENTIAL 0 I III IIIIIII 2 1985 1987 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I 1985 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PEF ENT PER ANNUM PERCENT PER A! 16 16 — UNITED STATES CANADA 14 - 12 12 10 — 8 10 8 l 6 l l I I I 6 15 9 13 7 — UNITED KINGDOM SWITZERLAND 11 5 9 7 14 3 - I I I I I J_1 I 1 10 10 GERMANY JAPAN 8 6 4 l l - 8 — 6 l 4 17 17 U. S. CORPORATE 15 MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 9 7 7 5 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 450 400 450 400 350 350 UNITED KINGDOM 300 250 300 UNITED STATES 250 200 200 150 150 100 100 450 400 — 315 280 350 — 245 300 250 NETHERLANDS - A SWITZERLAND 210 V 200 150 — I I I 100 450 400 300 - 350 - 300 - 250 - 200 - 150 A A GERMANY . /nVv/N fJ /V I I I I I I I,lull,I,I I IIIIIIIIII — - , ^ - v w v Jr CANADA 250 100 — 450 400 - 350 - 300 - 250 — — JAPAN 70 — 100 300 105 450 400 150 350 - — - 450 400 140 — - 200 - — FRANCE 175 I IIIIIIIIII — 350 250 I I I iiliiliiln - 200 - - 200 150 - — 150 I I I 100 1985 1987 I I I III,,lulu 11111111111 1985 1987 100 SERIES NABE LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE BATES AMD INDICES MEEKLY A7EEAGES, BOOH BUYING BATES (U.S. CENTS) GEBHAN MASK JAPANESE YEN DUTCH GOILDEB U.K. POUND CANADIAN DOLLAB FRENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LISA SWEDISH KBONA JAN. JAM. JAN. JAM. JAN. JAN. JAN. JAN. JAN. JAN. 28 28 28 28 28 28 28 28 28 28 55.20 4-65701 48.95 153.02 74.07 16.53 65.70 2.66172 0.07763 15.38 JAN. JAN. JAN. JAN. JAN. JAN. JAM. JAN. JAN. 28 28 28 28 28 28 28 28 28 155.29 172.03 140.53 61.89 73.83 741.51 211.37 104.89 44.10 28 28 28 28 28 28 28 28 28 28 28 99.04 167.76 182.02 142.72 58.39 71.52 71.42 214.29 104.31 41.09 66.70 28 28 28 28 28 28 28 28 -1.51 -4.63 1.85 -2.80 2.55 0.69 2.05 -4.27 INDICES, MABCH 1973 BASE BATES = 100 GEBHAN flABK JAPANESE YEN DUTCH GUILDEB U.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIBA WEIGHTED AVEBAGE EXCHANGE VALUE INDICES, HAB 1973 = 100 (G-10 COUNTRIES PLUS S8ITZEBLAND) U.S. DOLLAB GEBHAN MABK JAPANESE YEN DUTCH GUILDEB O.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIBA SWEDISH KBOMA JAN. JAM. JAM. JAM. JAM. JAN. JAM. JAM. JAM. JAM. JAN. CHART 2. -3-MONTH FORWARD EXCHANGE BATES, PBEAIUM OB DISCOUNT CANADIAN DOLLAB U.K. POUND GERMAN HABK FBENCH FBANC SWISS FBANC DUTCH GUILDEB JAPANESE YEN ITALIAN LIBA JAN. JAM. JAN. JAN. JAN. JAN. JAN. JAM. SERIES NAME LAST VALUE PLOTTED DATE VALDE CHART 3. GOLD PRICE IM LOUDON, APTERNOON FIXING U.S. DOLLARS PER FINE OUNCE JAN. 28 408.34 JAN. 28 JAN. 28 JAN. 28 JAN. 28 JAN. 28 JAN. 28 JAN.,28 JAN. 28 JAN. 28 6.13 CHABT 4. CALL MONET RATES O.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS O.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND 6. 02 11. 10 8. 13 4. 17 4.10 8.66 5.80 3.60 CHART 5. 3-MONTH INTEREST RATES U.S. 90—DAI CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE HEIGHTSD AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 28 28 28 28 28 28 28 28 28 5.85 4.25 4.07 7. 62 10.94 3.60 8.42 5.36 6.52 JAN. JAN. JAN. JAN. JAM. JAN. 28 28 28 28 28 28 6.02 6.04 6.09 6. 10 6.06 6.11 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL JAN. 28 JAN. 28 JAN. 28 6.02 6.13 -0. 10 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JAN. 28 JAN. 28 JAN. 28 6. 10 5.85 0.25 CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES MAHB LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAN. 28 JAN. 28 JAN. 28 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JAN. 28 JAN. 28 JAN. 28 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JAN. 28 JAN. 28 JAN. 28 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JAN. 28 JAN. 28 JAN. 28 6.10 6.18 •0.08 5.82 6.08 •0. 26 6. 10 6. 12 0. 02 6. 10 6.17 •0.07 CHART 9. LONG TERM GOVERHENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM JAN. JAN. JAN. JAN. JAN. JAM. NOV. JAN. 23 23 23 9 16 16 23 7.03 5.73 4.45 4. 12 8.98 9.56 6.30 9.69 U.S. CORPORATE AAA BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 9.13 JUNE JAN. JAM. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 21 277.37 305.09 322.26 266. 97 195.37 312.75 418. 19 443. 78 •S FEDERAL RESERVE statistical release H.10(5X2) JANUARY 30, 1987 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 30, 1987 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 AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA *1 RE LAND ITALY JAPAN MALAYSIA NETHERLANDS «NEW ZEALAND NORWAY PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN 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 WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR JAN. 26 CCURRENCY UNITS PER DOLLAR) JAN. 28 JAN. 29 JAN. 27 JAN. 30 66.25 12.837 37.850 16.16 1.3521 3.7314 6.9150 4.5700 6.0840 1.8235 133.400 7.7710 13.0200 145.55 1296.00 152.65 2.5505 2.0565 54.400 7.0620 141.900 2.1410 48.30 861.80 128.930 28.602 6.5320 1.5325 35.130 25.930 152.70 66.17 12.705 37.460 16.26 1.3436 3.7314 6.8620 4.5370 6.0350 1.8055 132.600 7.7715 13.0400 147.03 1284.00 151.65 2.5460 2.0360 53.900 7.0220 140.600 2.1380 48.40 861.70 127.850 28.610 6.4950 1.5155 35.120 25.920 153.57 66.03 12.570 37.050 16.26 1.3382 3.7314 6.7650 4.5050 5.9650 1.7885 130.100 7.7625 12.9500 148.05 1272.50 151.75 2.5325 2.0175 53.950 6.9300 139.250 2.1260 49.10 861.70 127.350 28.605 6.4400 1.5030 35.120 25.860 153.60 66.14 12.590 37.050 16.44 1.3420 3.7314 6.7850 4.5100 5.9660 1.7870 131.250 7.7630 12.9700 148.18 1274.50 152.10 2.5300 2.0160 54.200 6.9470 139.800 2.1325 48.80 861.10 127.750 28.605 6.4570 1.5030 NA 25.860 153.68 66.18 12.890 37.900 16.54 1.3390 3.7314 6.9450 4.5800 6.1075 1.8330 134.300 7.7650 13.0400 145.20 1303.50 153.65 2.5425 2.0665 54.100 7.0500 142.000 2.1475 47.75 860.60 129.950 28.607 6.5425 1.5460 NA 25.860 151.40 99.53 98.71 98.05 98.10 99.93 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 WEIGHTED-AVERAGE 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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