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(516/517) DATA FILE LIBRARY FEDERAL RESERVE BANK DE C H I C A G O LIBRARY FEB 2 9 1984 FEDERAL RESERVE BANK OF CHICAGO Selected Interest & Exchange Rates Weekly Series of Charts i > DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 February 21, 1984 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 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 160 160 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 _ 120 * JAPANESE YEN ~ - 100 M I I Ml,,I, , 1 , 7 I I " i l l _ _ CANADIAN DOLLAR I I I I I I I I I80I I I I I 60 I X Xv k i I I l I I l I I" l iI lI l I : SWISS FRANC 80 200 —A/SyV i 160 , X x ^ V vzv v i 120 160 180 — — 180 - - GERMAN MARK 140 v xV ^ \J M l I, I, I lull I | V |y - — I 80 , ,, MlHlllhl 60 r II I U,h,l,7 70 ITALIAN LIRA BELGIAN FRANC 60 120 100 80 60 50 80 160 140 100 VTVH; - - , 100 FRENCH FRANC 80 | | ,™ 120 U.K. POUND 50 120 i — - - — — 120 I 160 140 DUTCH GUILDER -XT 100 60 120 240 - 100 - 100 120 120 140 - 80 100 - - V v / V % v 50 - — - I I | | | | 1982 30 111111111111111111111II 1984 40 1982 1984 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN ENT PER ANNUM 6 ITALIAN LIRA - CANADIAN DOLLAR + - 0 -1 6 \ 6 U. K. POUND DUTCH GUILDER1 1 - + 0 6 -1 9 1 1 1 I | 12 SWISS FRANC GERMAN MARK 6 + 0 8 FRENCH FRANC + 0 JAPANESE YEN 8 f 16 24 32 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 - - 300 250 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 20 U. S. FEDERAL FUNDS JAPAN 24 CANADA 20 EURO-SWISS FRANC NETHERLANDS 20 U. K. 2-DAY LOCAL AUTHORITY GERMANY EURO-DM 1982 1984 1982 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER A^ 22 24 18 20 U.S. CD'S CANADIAN FINANCE CO. PAPER 14 16 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 I SWISS INTERBANK RATE 9 —IV - 8 JAPANESE BANK LOANS AND DISCOUNTS 7 4 5 I 1982 1984 I I I I 1982 I liliiliiln 1984 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 20 OVERNIGHT 3-MONTH 7-DAY 6-MONTH — 1-MONTH 1-YEAR - I / I 1982 1984 - I 1982 I nliiliilii 1984 r 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 3-MONTH EURO-DOLLAR OVERNIGHT DEPOSITS 1 90-DAY CD* S E U R O - D O L L A R DEPOSITS J(/M DIFFERENTIAL 2 DIFFERENTIAL + 0 2 1982 1 P E R C E N T ON D I F F E R E N T I A L SCALE = 2 P E R C E N T ON R A T E S C A L E 1984 1982 1984 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P 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 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON ~ U. S. COMMERCIAL PAPER 4 2 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 2 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 20 COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE — DASHED LINE 2 DIFFERENTIAL 2 DIFFERENTIAL + 0 2 1982 1984 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 P E R C E N T ON R A T E S C A L E 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 19 CANADA . I UNITED STATES 15 - - Ay V - 11 15 11 - I I I ill 11 hili i 15 11 , \f yS - UNITED KINGDOM SWITZERLAND - - - y — 7 "l I I I I I — 1 13 MONTHLY GERMANY JAPAN - - - 5 U. S. CORPORATE 22 MONTHLY FRANCE 18 - 18 Aaa BONDS 14 14 EURO-DOLLAR BONDS V 10 ^ 10 NETHERLANDS MONTHLY III I I 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1 9 6 9 = 100 RATIO S C A L E 1969=100 240 240 200 - 160 - UNITED STATES - - - - * 120 210 170 — UNITED KINGDOM ~ r\ — 150 — i 1 1 1 160 1 1 1 1 1 1 1 1 1 11 - - 1 1 1 1 1 1 1 1 1 1 11 11 11 11 1 1 II 1 II ^ GERMANY - - SWITZERLAND - j - - \ ii III h i l l i i i I m I m I m 70 I IIIIIIIIII — 180 ~~ NETHERLANDS 1' - 140 — 100 - 80 - 60 - FRANCE M | | | 190 i v V V / - 70 110 200 120 ~i 90 - - — 130 / JAPAN 1 1 1 | || 1982 CANADA ii Ii Mi i l l i 1984 1982 1984 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHAflT 1. SPOT EXCHANGE BATES AND INDICES MEEKLY AVERAGES, SOON BUYING BATES (U.S. CENTS) GERMAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA SWEDISH KBOMA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 15 15 15 15 15 15 15 15 15 15 36.81 0.42752 32.61 142.69 80.24 11.95 45.01 1.79487 0.05963 12.40 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 15 15 15 15 15 15 15 15 15 103.,55 111. 94 93.,63 57. 72 79. 97 53. 84 144. 80 70. 73 33. 88 15 15 15 15 15 15 15 15 15 15 15 132.,52 135. 90 145.,42 118.13 69.,62 99. 80 64. 20 183. 83 87. 70 39. 59 67. 65 15 15 15 15 15 15 15 15 0.11 0.66 4.04 -5.08 6.43 3.88 3.46 -7.30 INDICES, MARCH 1973 BASE BATES = 100 G E R M A N MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FBANC BELGIAN FBANC ITALIAN LISA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 <6-10 COUNTRIES PLUS SWITZERLAND) U.S.: DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDEB U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FBANC BELGIAN FRANC ITALIAN LIRA SWEDISH KBOMA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. CHABT 2. 3-iMONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. FOUND GERMAN MARK FRENCH FRANC SWISS FRANC DOT H GUILDER JAPANESE YEN ITAJ.IAN LIRA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING FEB. 15 379.30 FEB. FEB. FEB. JAN. FEB. FEB. FEB. FEB. JAM. FEB. 15 15 10 13 10 17 10 10 1 17 9.53 9.60 9.13 9.59 5.50 5.50 6.00 11.75 10.30 2.00 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 15 15 15 15 15 15 8 9.50 5.95 6.25 9.82 9.38 3.42 8.43 FEB, FEB. FEB. FEB. FEB. FEB. 15 15 15 15 15 15 9.60 9.65 9.69 9.85 10.36 OVERNIGHT EURO-DOLLAR DEPOSITS U.S.; FEDERAL FUNDS DIF ERENTIAL ADJ. FOR RESERVE REQUIREMENTS FEB. 15 FEB. 15 FEB. 15 9.60 9.53 0.07 3-MQNTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL FEB. 15 FEB. 15 FEB. 15 9.85 9.50 0.35 U.S. DOLLARS PER FINE OUNCE 4. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT. EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY EURQ-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPiANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1—HO NTH 3-MONTH 6-MQNTH 1-YEAR 10.00 CHART 7. SELECTED EURO-DOLLAR AND U.S. HONEY MARKET RATES SERIES NAME L A S T V A L U E PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3 - M O N T H FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), C O V E R E D DIFFERENTIAL FEB. 15 FEB. 15 FEB. 15 U.S. C O M M E R C I A L PAPER C A N A D I A N FINANCE PAPER, C O V E R E D DIFFERENTIAL FEB. 15 FEB. 15 FEB. 15 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), C O V E R E D DIFFERENTIAL FEB. 15 FEB. 15 F E B . 15 EURO-DOLLAR DEPOSIT SMISS I N T E R B A N K , C O V E R E D DIFFERENTIAL F E B . 15 F E B . 15 F E B . 15 9.85 10.06 -0.21 9.31 9.93 -0.62 9.85 10.05 -0.20 9.85 9.91 -0.06 CHART 9. LONG TERM GOVBRBENT BOND YIELDS UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM FEB. JAN. JAN. FEBJAM. OCT. NOV. FEB. 10 13 3 13 28 10 11.74 8.30 6.94 4.52 12.00 14.17 8. 57 9.88 U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR BONDS CHART 10. 12.20 JAN. NOV. 10.29 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JABAN 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 ;oi52y, • FEDERAL RESERVE statistical release ill ' • f*AL H. 10(512) F E B R U A R Y 2 2 , 1984 FOREIGN EXCHANGE RATES FOB T H E WEEK ENDING FEBRUARY 17, 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: C O O NT BY ARGENTINA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE C H I N A . P.B. COLOMBIA DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA INDONESIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEN Z E A L A N D N ORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA MEMO: •UNITED S T A T E S MONETARY OBIT PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE BUPIAH POUND SHEKEL LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE SOL PESO ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR DOLLAR FEB. 13 C U R R E N C Y PHI S PER D O L L A R F E B . 15 F E B . 1# 27. 27 93. 4 7 19. 2 5 5 55. 850 1116.00 1. 2 4 7 6 88. 850 0 L 1 D 2.0 7 6 8 91. 3 0 0 9. 9 0 5 0 5. 8610 8.3 9 2 0 2.7 2 2 0 102. 3 0 0 7. 7 8 2 0 7600 995. 00 113. 4 0 130. 050 1677. 00 233, 95 2. 3 3 9 5 168. 2 5 0 0 3. 0 7 0 0 6 5 480 7 7450 2411 55 14. 0 5 0 0 136 400 2, 1310 80,,40 799 .30 156 .310 25. 2 9 0 8 ,0725 2 ,2230 4 0 .230 23 .000 142 ,80 10. 12 .8000 132.67 27. 27 9 3 . 90 842 54. 780 1134. 00 1. 2 4 5 0 88. 8 5 0 18. 2.0601 91. 3 0 0 9. 7675 5. 7820 2250 6672 101.4 5 0 7. 7805 7500 995. 00 115. 22 130. 050 1658. 00 233. 20 3365 8. 2. 10. 2. 168. 1000 3. 0175 65. 9 3 0 7. 6 6 5 0 2411. 55 14. 0500 133. 6 5 0 1290 ,20 799.,30 153. 7 6 0 ' 25.,290 7.,9900 2. 1970 40.,230 23 .000 144 45 2. 81. 12 8000 130.91 FEB. 16 2 7 . 27 9 4 . 42 18.866 54. 830 1134. 00 1- 2 4 6 5 850 0519 9 1 . 300 9.7700 5. 7 5 0 0 2400 6735 100.7 0 0 7. 7790 7400 9 9 5 . 00 115. 10 130. 420 1657. 00 2 3 2 . 85 3335 169. 0000 3. 0 2 4 0 040 7. 64 50 2 4 1 1 . 55 14. 0 5 0 0 133. 5 0 0 88. 2. 8. 2. 10. 2. 66. 2.1260 81. 55 7 9 9 . 30 153. 100 25. 290 7. 9 5 0 0 1925 40. 230 23.. 0 0 0 144.,60 ,8000 2. 12. 130.96 F E B . 17 28 02 9 4 . 54 18 910 5 5 000 1134. 00 2476 130 0519 9 1 . 690 9.7975 5. 7 6 3 5 2700 6833 101.350 7 . 7760 7300 9 9 3 . 50 114. 75 131. 360 1. 2. 88. 8. 2. 10. 1661.00 2 3 3 . 20 3335 168. 5000 3 . 0300 66. 130 7. 6 6 5 0 2 4 8 3 . 53 14. 0 5 0 0 133. 750 1260 81.55 7 9 9 . 30 153. 500 2 5 . 290 7. 9 7 0 0 1945 4 0 . 230 23. 000 145. 10 12.9000 2. 2. 2. 131.20 •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 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 ARB 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 . S E R I E S R E V I S E D AS OF AUGUST 1978. FOR D E S C R I P T I O N A N D 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 OF THE 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
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