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tCD °.AlA f/L£ ^ZTK 8 OF CHlnH!!* CHICAGO *Ht (516/517) 4;»> >%»> Selected Interest & Exchange Rates Weekly Series of Charts February 4, 1985 Prepared by the F I N A N C I A L 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 RATESH.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PR ICE-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 D O L L A R PRICES O F FOREIGN CURRENCIES AND WEIGHTED AVERAGE V A L U E S (THIN L I N E ) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO MARCH 197 = 100 973=100 180 FOREIGN CURRENCY 160 J A P A N E S E YEN PRICE OF U S . D O L L A R 140 120 100 80 I II Iill I I II 240 CANADIAN D O L L A R SWISS FRANC 200 160 140 120 I I nil 100 160 GERMAN MARK 140 DUTCH GUILDER 120 100 80 70 100 F R E N C H FRANC UJC POUND 80 70 60 50 40 60 BELGIAN FRANC 50 40 35 30 25 1983 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM ( + ) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM ITALIAN LIRA CANADIAN D O L L A R 24 6 12 U. K. POUND DUTCH GUILDER 0 6 12 12 GERMAN MARK SWISS FRANC 6 0 8 16 F R E N C H FRANC J A P A N E S E YEN 24 32 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ L I ARS 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 I 240 1982 1983 I I I I 1984 240 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 24 20 FRANCE 16 U. S . FEDERAL FUNDS 12 6 JAPAN 4 0 24 20 EURO-SWISS FRANC CANADA —A 16 — 12 8 4 - - + 0 I 4 I I uli i hili i 20 16 U.K . 12 8 N 2 - D A Y LOCAL AUTHORITY rV Vi^.JVI " 1 - - GERMANY — 1 4 EURO-DM 0 I I I I I 1983 ! 1 1 1 1985 1 1 1 1983 1 1 |1 1 |1 1 |1 1 1985 CHART 5 3 -MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER M 18 20 16 18 14 16 12 CANADIAN FINANCE CO. PAPER 14 10 12 8 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 4 6 18 14 16 12 14 10 GERMAN M T E R 8 A N K RATE U X . INTERBANK STERLING 12 8 10 6 8 4 11 12 10 10 8 9 SWISS INTERBANK RATE 8 J A P A N E S E BANK 6 L O A N S AND DISCOUNTS 7 4 6 2 5 0 1983 1985 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER AL 24 20 OVERNIGHT 3-MONTH 16 12 8 I 4 I I H III I III H I I 24 20 7-DAY 16 12 8 4 24 20 1-MONTH 1-YEAR 16 12 8 4 1983 1985 1983 1985 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES D I F F E R E N T I A L : P L U S ( + ) , F A V O R S BORROWING IN U . S . AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 20 22 18 20 16 18 14 16 FEDERAL F U N D S DASHED LINE 12 10 8 3-MONTH EURO-DOLLAR DEPOSITS - 14 - 12 - 10 OVERNIGHT EURO-DOLLAR DEPOSITS 9 0 - D A Y CD' S I I I I I 1111' I ' ' I' i 1111111 J—I—I—111111111111 DIFFERENTIAL 11111111111 DIFFEREN1 IAL + 0 J_L I I I 11111 1983 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 11111111111 1985 1 1 1 1 1 1983 1 II 111111111 II 1II 1111 II 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS D I F F E R E N T I A L : P L U S ( + ) , INDICATES FAVOR DOLLAR A S S E T S AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 22 22 18 18 CANADIAN FINANCE CO. PAPER, COVERED E U R O - D O L L A R DEPOSITS 14 DASHED LINE 14 10 V W | 10 \ INTERBANK STERLING I COVERED LONDON U. S. I I I I I I 11111111111 I nliiliiln I COMMERCIAL PAPER I 2 2 DIFFERENTIAL DIFFERENTIAL 0 f/VWvvVvyV I I I n I i I I i I I INTERBANK DM COVERED FRANKFURT E U R O - D O L L A R DEPOSITS DASHED LINE E U R O - D O L L A R DEPOSITS DASHED LINE — DIFFERENTIAL DIFFERENTIAL JLl 1 1 1983 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE . A 1 1 j ^ 1 11 1 1983 1 A A -A i . \f I I I II l u l l 1985 1 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY S E R I E S PERCENT PER ANNUM PERCENT PER ANNUM 19 19 UNITED S T A T E S CANADA 15 - - w v | — 11 15 11 - I I I I I i i i i I I I I I I I I I I I I I I 15 UNITED KINGDOM 11 - SWITZERLAND — js L — I 7 13 I I I I I l l h l l l l h . I I I I I I I I I I I I I I I I I I I I I I I I I I I 1 13 MONTHLY GERMANY — JAPAN 9 I - — 5 I I I I I I I l(|" I I I I I I 5 22 22 U.S. e CORPORATE MONTHLY - * 18 - 18 - FRANCE A a a BONDS # 14 14 \ - — NETHERLANDS MONTHLY 10 10 *• - 6 I I I I 1983 1985 I I 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES :ALE RATIO 196 o UNITED KINGDOM UNITED STATES 160 140 120 100 200 — — 180 160 NETHERLANDS FRANCE 140 - 120 100 90 - 80 70 I I I I I I I IIIIIIIIII 180 160 140 SWITZERLAND 120 110 — GERMANY 100 90 80 70 I I I I I I I I I I l l l l l l I 11111111111 320 280 CANADA 240 JAPAN 200 180 160 140 120 1983 1985 1983 1985 SERIES 1AME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE BATES AND INDICES WEEKLY AVERAGES, MOON BOXING BATES <0.5. CENTS) GERMAN BARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DCLLAB FRENCH ZBANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KBONA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 30 30 30 30 30 30 30 30 30 30 31. 57 0. 39349 27. 92 111.,58 75. 43 10.,33 37. 52 1.,57859 0. 05122 11. 05 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 30 30 30 30 30 30 30 30 30 88.81 103.03 80. 15 45.13 75. 18 46.53 12Q.71 62.20 29.10 30 30 30 30 30 30 30 30 30 30 30 152.96 129.46 150.38 112.88 60.11 105.44 61.88 171.22 86.27 37.95 67.49 INDICES, MARCH 1973 BASE BATES = 100 GERMAN HARK JAPANESE YEN DOTCH GOILDEB O.K. POOND CANADIAN DOLLAB FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIBA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, BAB 1973 = 100 (G-10 COUNTRIES PLDS SSITZEBLAND) U.S. DOLLAB GERMAN HABK JAPANESE YEN DUTCH GOILDEB O.K. POUND CANADIAN DOLLAB FRENCH FRANC SWISS FRANC BELGIAN fBANC ITALIAN LIRA SWEDISH KRONA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUfl OR DISCOUNT CANADIAN DOLLAR O.K. POUND GERMAN MARK FRENCH FBANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 30 30 30 30 30 30 30 30 -1., 19 -4.,36 2.,55 -2.,26 2.,92 2. 33 2.03 -6. 31 SERIES NAME LAST VALUE BLOTTED. DATE VALUE CHART 3. GOLD PBICE IS LONDON, AFTERNOON FIXING O.S. DOLLARS PER FI1E OUNCE JAN. 30 300.72 CHART 4. CALL HONEI BATES O.S. FEDERAL F08DS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC JAN. JAN. JAN. JAN. JAN. FEB. JAN. JAN. JAN. FEB. 23 23 25 18 25 1 25 25 1 1 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 23 30 30 30 30 30 30 JAN. JAN. JAN. JAN. JAN. JAN. 23 30 30 30 30 30 8.36 8.25 8. 19 8.31 OVERNIGHT EURO-COLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JAN. 23 JAN. 23 JAN. 23 8. 36 8. 45 - 0 . 09 3-MONTH EURO-DOLLAR DEPOSIT RATI O.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JAN. 30 JAN. 23 JAN. 23 8. 31 8. 12 0. 19 8. 45 8.36 11.75 10.09 5.55 5.41 6.31 10.38 10.30 16.60 CHART 5. 3-HONIB INTEREST RATES O.S. 90-DAY CD'S* SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) 8. 12 5.91 6.31 9.60 13.03 5.35 8.62 CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3—.MONTH 6-MONTH 1-YEAR 8.60 9.25 CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SEB1BS NAME LAST VALUE PLOTTED DATE VALUE CHABT 8. INTEREST ARBITRAGE. 3—MONTH PONDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAM. 30 JAN. 30 JAN. 30 8.31 6.52 -0.21 O.S. COMMERCIAL PAPEB CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JAN. 23 JAN. 30 JAN. 23 7.99 €.38 -0.43 EORO-DOLLAB DEPOSIT INTERBANK DM (FRANKFORT), COVERED DIFFERENTIAL JAN. 30 JAN. 30 JAN. 30 8.31 8.50 -0.19 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JAN. 30 JAN. 30 JAN. 30 8.31 8.31 0.00 CHART 9. LONG TERM GOVIRMEN1 BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM JAN. JAN. DEC. JAN. JAN. JAN. AUG. JAN. 25 25 4 11 18 25 11.16 7.18 6.36 4.68 11.52 12.23 8.50 10.39 U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. DEC. NOV. 12.13 10.29 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FBANCE JAPAN JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 23 23 23 23 23 23 23 23 183.57 220.67 248.59 170.17 136.39 189.41 194.41 246.39 FEDERAL RESERVE statistical release FEBBUABI H.10 (512) 1, 1985 FOREIGN EXCHANGE RATES FOB TBI SEEK E N D I N G FEBBUABI 1, 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 cabte transfers payable in foreign currencies: COUNTRY MONETARY UNIT •AUSTRALIA AOSTfilA BELGIUM BEAZIL CANADA CHINA,P.B. DENMARK FINLAND PBANCB GERMANY GREECE BCNG KONG INDIA •IRELAND ISRAEL HALT JAPAN MALAYSIA MEXICO NETHERLANDS •NEB Z E A L A N D NORWAY PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI L A N K A SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND SHEKEL LIRA YEN RINGGII PESO GUILDER DOLLAR KRONE PESO BSCUDO DOLLAR RAND 80 N PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR MEMO: •UNITED S T A T E S DOLLAR JAN. 28 81.62 22.242 63.320 3511.00 1.3260 2.8167 11.3000 6.6470 9.6820 3.1670 129.500 7.7975 12.6500 98.20 NA 1952.00 254.18 2.4845 230.0000 3.5800 4 6 . 850 9.1700 MA 173.300 2.2050 46.85 832.40 175.250 26.503 9.0525 2.6625 39.170 27.370 111.10 NA 153.02 (CURRENCY UNI'[S PER DOLLAR) J A N . 29 J A N . 30 81.60 22.310 63.530 3511.00 1.3268 2.8167 11.3400 6.6620 9.7075 3.1765 129.550 7.7965 12.6500 98.00 NA 1957.00 254.35 2.4845 229.7500 3.5915 46.900 9.1850 NA 173.100 2.2050 48.75 832.90 175.400 26.503 9.0630 2.6670 39.150 27.370 111.38 NA 153.27 81.62 22.268 63.420 3511.00 1.3271 2.8167 11.3150 6.6345 9.6830 3.1695 129.650 7.80C0 12.7100 98.10 NA 1952.75 254.50 2.4910 228.8000 3.5865 46.990 9.1750 NA 173.650 2.2085 50.50 832.70 175.780 26.503 9.0525 2.6760 39.130 27.400 112.60 NA 152.91 J A N . 31 81.38 22.217 63.340 3511.00 1.3272 2.8167 11.2925 6.6300 9.6750 3. 1630 129.400 7.7980 12.6700 98.30 NA 1950.00 254.80 2.4925 231.0000 3.5800 47.000 9.1600 NA 173.000 2.2090 50.50 832.70 175.030 26.503 9.0400 2.6750 39.130 27.40C 113.05 NA 152.72 FEB. 1 80. 82 22.315 63.670 3585.00 1.3279 2.8167 11.3300 6.6525 9.7100 3.1800 129.700 7.8050 12.6800 97.80 NA 1959.00 256.75 2.4950 232.0000 3.5935 46.920 9. 1900 NA 173.750 2.2140 50.40 833.30 175.500 26.553 9.0600 2.7045 NA 27.430 112.40 NA 153.47 #INDEX OF W E I G H T E D A V E B A G E E X C H A N G E V A L U E OF 0 . S . D O L L A E A G A I N S T C O B B E N C I B S OF O T H E B G-11 C O O N T B I E S . HABCH 1973 = 100. H E I G H T S A B E 1972-76 G L O B A L T 8 A D E O F EACH OF THE 10 C C O N T B I E S . S E R I E S R E V I S E D AS OF A D G O S T 1978. FOB DESCBIPTION A N D BACK D A T A , SEE " I N D E X OF THE W E I G H T E D - A V E H A G E E X C H A N G E V A L O E OF T H E U . S . D O L I A S : B E V I S I O N " ON PAGE 7 0 0 OF THE ADGOST 1978 F E D E B A L B E S E B V E B U L L E T I N . •VALUE IS U . S . C E N T S
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