Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : February 5, 1990

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

February 5,1990

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DC. 20551




Table of Contents

TABLES
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 C A L L MONEY RATES
5. 3-MONTH INTEREST RATES
6

EURO DOLLAR DEPOSIT RATES

7. SELECTED EURO DOLLAR A N D
U.S. MONEY MARKET RATES
8. INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM GOVERNMENT BOND YIELDS
10 INDUSTRIAL STOCK INDICES




SUBSCRIPTION RATES:
Weekly $24.00 per year or $.60 each in the United
States, its possessions, Canada, and Mexico; 10 or
more of the same issue to one address. $22.50 per
year or $.55 each. Elsewhere. $30.00 per year or $.70
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 m a
form collectible at par m ,j 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 1973=100
140 r —
FOREIGN CURRENCY
130
PRICE OF U.S. DOLLAR
120

— i

RATIO SCALE
MARCH 1973=100
— # 140

r—
BELGIAN FRANC

110
100
90
80
i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

SW SS FRANC

—

—

__

i

I

t

i

»

i

i

i

i

I

i

i

•

I

»

i

i

I

i

»

i

I

'

t

i

I

i

i

i

I
I I II
I

I

I

I

I|

I

I

1

JAPANESE Y E N

i

U.K. POUND

i

i

'

I

i

»

i

CANADIAN DOLLAR

—

i

;

i

I

'

'

i

GERMAN MARK

18Q

DUTCH GUILDER

160
140
120
100
120

i

i

i

I

'

i

i

l

»

i

i

I

i

»

i

110

ITALIAN LIRA

100
FRENCH FRANC

90

80
70

60
50

I

I




I

I

I

I
I
1988

I

I

I

I

I

I

I I
1990

'

'

»

I

1

1

1988

'

I

1

'

'

I

1

I
1990

1

CHART2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
4
CANADIAN DOLLAR

PERCENT PER ANNUM
U.K. POUND

A \ —

/

1

1

1

I

i

1

1

I

I

I

1

I

1

I

V

V

\

.

-

1 1 1 I 1 1 1 I 1 1 1 I 1 1 1

l

GERMAN MARK

I I I !

v

JAPANESE YEN

i i i 1 • i ill

i i

1

SWISS FRANC

1

1

1

1

1

1

1

1

I I

1

1

1

1

DUTCHGUILDER

"V
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

1 1 1 1 1 1 1 I 1 1 1 1 1 1 1

FRENCH FRANC

ITALIAN LIRA

^

f

12

•

i

i

i




i

i
1988

i

i

i

i

i

i

i

i
1990

i

1

1

w

1

1

v

^

1

1
1988

1

v

1

1

-

^

1

1

1

1

1
1990

1

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
520

U S. DOLLARS PER FINE OUNCE
520

500

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

480 —

480

460

460

440 —

440

420 —

420

400

400

380

380

360

360

340

340

320

J




1
1987

1

1

1

1
1988

1

I

i

i
1989

i

l

i

i
1990

i

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
16

12

PERCENT PER ANNUM
16

12

FRANCE

U.S. FEDERAL FUNDS

— 4

0
16

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

i

i

12

0
16

12
CANADA
GERMANY

i

i

i

l

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 0

20
UNITED KINGDOM

SWITZERLAND
16

12

NETHERLANDS

i

i

i




I

i

•
1988

•

i

•

•

i

I

i

>
1990

«

i
i
1988

I

i

i

i

I

i

i i
1990

CHARTS

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

12

1 12

FRENCH INTERBANK RATE

10

10

U.S. CD'S

WEIGHTED AVERAGE
FOREIGN RATE

I

I

I

I

I

I

t

I

I

I

I

I

'

'

I

I

I

1

I

1

1

I

I

1

1

U.K. INTERBANK STERLING
CANADIAN FINANCE CO.
PAPER

—

GERMAN INTERBANK RATE

SWISS INTERBANK RATE

NETHERLANDS INTERBANK RATE
JAPANESE GENSAKI RATE

1

'




1

I

1

1

1988

»

1

1

»

'

I

'

'
1990

»
1988

1990

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY

r

PERCENT PER ANNUM
14

12

PERCENT PER ANNUM
14

OVERNIGHT

3-MONTH

12

10

10

i

4
14

i

i

I

i

'

i

l

i

i

i

I

i

»

•

•

'

•

I

•

7-DAY

12

« •

i

•

•

» i

•

JL_L

6-MONTH

12

10

4
14

4
14

10

i

i

i

I

< i

'

l

'

« » l

'

»

i

i

i

I

1-MONTH

12

i

i

i

l

'

'

'

I

i

i

1-YEAR

'

4
14

12

10

10

'

'

»

l




'

•
1988

'

I

i

•

»

I

'

i
1990

•

'

1

1

1

'

1

'

1988

1

' '

1

1

1

1

1990

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
CENT PER ANNUM

10

PERCENT PER ANNL

OVERNIGHT

EURO-DOLLAR DEPOSITS

3-MONTH
EURO-DOLLAR DEPOSITS ,

8

6
FEDERAL FUNDS

90-DAY CD'S
DASHED LINE

DASHED LINE
4

2
2

J

1 1 1 1

1 I

I

I

I

I

I

'

•

J

1 1 I

I

I

I

I

I

I

I

J

L_L

DIFFERENTIAL
DIFFERENTIAL

1

+
0

1

J

1




1

1

1
1988

I

I

I

I

I

I

I

I
1990

I

-I

1 1 1 1 1 1 1 I
1988

» I

I

I

» I
1990

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
16

12

PERCENT PER ANNUM
16

INTERBANK STERLING
COVERED LONDON

CANADIAN FINANCE
CO. PAPER, COVERED

EURO-DOLLAR DEPOSITS
DASHED LINE

U.S. COMMERCIAL PAPER
DASHED LINE

I

I

I

I

I

I

I

I

I

I

I

I

I

'

'

i

DIFFERENTIAL

rv

2

^

i

i

i

- V

i

I

i

i

'

i

'

I

'

i

i

I

i

»

«

I

I

I

I

I

I

I

I

DIFFERENTIAL

AW

ss

i

I

12

I

i

'

i

I

i

•

i

I

I

I

I

I

V~-\/

I

I

16

16

12

pi

2

I

I

INTERBANK DM
COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS
DASHED LINE

EURO-DOLLAR DEPOSITS
DASHED LINE

I

I

I

I

I

I

I

I

I

I

I

I

I

•

I

DIFFERENTIAL

'

I

•

I

I

I

•

•

•

'

»

1

'

I

I

1

'

12

I

»

'

'

DIFFERENTIAL
»lirujy,rt

i




i

i

I

» i
1988

'

1 i

i

i

I

» '
1990

i

•

I

»

1

I

I
1988

I

1990

o

CHART9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
SCENT PER ANNUM

PERCENT PER ANNU

UNITED STATES

« i

i

I

i

CANADA

» i

l

i

i

i

i

•

•

1

»

UNITED KINGDOM

1

1

1

'

1

»

1

'

'

1

1

I

FRANCE

8
1

'

6
10

1

*

1

'

1

1

1

I

I

I

I

I

SWITZERLAND

JAPAN

8

—

£

6
4

2

I

I

I

1

I

I

I

I

I

•

l

I

•

1

I

I

I

1

I

I

I

I

1

1

I

I

I

I

10
NETHERLANDS
MONTHLY

6

4

I

'




I

I

«

'
1988

I

1

I

I

•

'

I

I I
1990

1

I

1

I

2
1

GERMANY

8

2

I

I

I
1988

I

I

I

I

l

»

1

»
1990

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100

RATIO SCALE
1986=100

200

200

175 — UNITED STATES

L _ NETHERLANDS

— I 175

150

150

125

125

100

100

75

50
400
350

75

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

I

I

50

200
. JAPAN

. GERMANY

175

300

150

250

125

200

100

150

75

100

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

I

I

50

200

200
— FRANCE

175 — SWITZERLAND

175
—

150

150

125

125

100

100

75

75

50

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

i

i

i

I

i

i

i

l

i

i

i

l

i

i

50

200

200
175

. UNITED KINGDOM

.CANADA

175

150

150

125

125

100

100

75

75

1

1

50




1

I

1

1

1

1988

l

1

1

1

l

1

1

1

1990

i

i

i

I

'

i
1988

i

I

i

'

i

I

i

i
1990

i

50

SERIES
3-Jan-90
Chart 1.

10-Jan-90 17-Jan-90 24-Jan-90 31-Jan-90

Spot Exchange Rates and Indices

Noon buying rates (U.S. cents, weekly averages)
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

2.7896
86.267
17.199
58.770
0.07843
0.69078
52.032
64.155
161.22

2.8377
86.180
17.462
59.561
0.07947
0.69279
52.775
65.428
164.70

2.8275
86.150
17.423
59.288
0.07952
0.68756
52.583
66.297
165.82

2.8042
84.793
17.271
58.693
0.07883
0.68530
52.088
66.059
164.68

2.8368
84.044
17.463
59.317
0.07978
0.69489
52.642
66.963
167.07

109 .92
85 .98
77 .50
165, 33
45 02
180, 87
149. 37
206. 39
65. 21

111 .82
85 .89
78 .69
167 .55
45 .62
181 39
151. 51
210. 49
66. 62

111 .42
85 .86
78 .51
166,.78
45..65
180..03
150. 96
213, 28
67. 07

110 .50
84 .51
77 .83
165,.11
45. 25
179. 43
149. 53
212. 52
66. 61

111 .78
83 .77
78 .69
166 .86
45, 80
181.,94
151. 12
215. 43
67. 57

105.29
79.59
71.46
171.72
39.88
180.72
145.77
66.94
205.05
60.26
92.72

105.13
78.81
71.30
171.04
39.79
181.43
145.34
66 #76
205.72
60.25
93.52

105.54
77.40
71.56
171.60
39.97
182.66
145.77
66.78
206.94
60.69
92.59

-3.71
-3.16
-0.46
-4.33
1.41
-0.59
-1.01
-6.36

-3.73
-2.90
-0.03
-4.33
1.27
-0.64
-1.32
-6.61

-3.67
-2.70
0.05
-4.25
1.30
-0.58
-1.26
-6.47

-3.97
-2.56
0.06
-4.36
1.27
-0.51
-1.44
-6.29

398.53

403.73

413.42

411.41

417.12

8 32
8.83
12.00
11.09
8.06
6.41
8.65
8.21
14.81

8.22
8.18
12.13
10.76
7.70
6.49
8.60
9.18
14.91

8.20
8.09
12.05
10.33
7.67
6.42
8.74
8.88
14.90

8.23
8.15
12.33
10.53
7.77
6.43
8.17
8.88
14.81

8.24
8.09
12.30
10.63
6.55
6.48
8.33
8.88
14.74

Indices, March 1973 base rates = 100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

Weighted average exchange value indices, Mar. 1973=100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. dollar

$

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

-3.62
-3.15
-0 27
-4.44
1.45
-0.49
-0.92
-6.35

105.56
79.52
71.55
172.43
39.80
182.03
146.15
66.81
202.05
59.73
92.59
r Discount

0

3-Month Forward Exchange Rates» Premium

1

Chart 2.

104.74
80.44
71.11
171.67
39.64
183.40
145.45
66.66
199.97
58.97
93.73

Fixing
U.S. dollars per fine ounce
Chart 4.

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom




3-Jan-90
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese gensaki rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

8.23
12.34
11.38
8.21
5.85
8.70
8.88
15.06
9.91

8.15
12.27
11.45
8.28
5.94
8.84
9.13
15.06
9.97

8.11
12.19
11.21
8.16
6.00
8.83
9.40
15.15
9.95

8.20
12.07
11.00
8.24
6.04
8.84
9.40
15.25
9.96

8.19
12.40
10.98
8.16
6.15
8.78
9.58
15.06
9.96

8.83
9.06
8.31
8.25
8.14
8.13

8.18
8.20
8.23
8.23
8.20
8.19

8.09
8.09
8.15
8.15
8.16
8.20

8.15
8.11
8.23
8.26
8.33
8.49

8.09
8.13
8.19
8.25
8.31
8.51

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

10-Jan-90 17-Jan-90 24-Jan-90 31-Jan-90

Selected Euro-dollar & U.S. Money Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

8.83
8.32
0.51

8.18
8.22
-0.04

8;09
8.20
-0.12

8.15
8.23
-0.08

8.09
8.24
-0.15

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential

8.25
8.23
0.02

8.23
8.15
0.08

8.15
8.11
0.04

8.26
8.20
0.06

8.25
8.19
0.06

Euro-dollar deposit
Interbank sterling (London), covered
Differential

8.25
8.48
-0.23

8.23
8.47
-0.24

8.15
8.29
-0.14

8.26
8.53
-0.27

8.25
8.54
-0.29

U.S. commercial paper
Canadian finance paper, covered
Differential

8.22
8.60
-0.35

8.09
8.45
-0.23

8.04
8.35
-0.20

8.12
8.28
-0.02^

8.13
8.30
-0.05

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

8.25
7.93
0.32

6.23
8.22
0.01

8.15
8.13
0.02

8.26
8.29
-0.03

8.25
8.22
0.03

Euro-dollar deposit
Swiss interbank, covered
Differential

8.25
7.93
0.32

8.23
8.09
0.13

8.15
8.05
0.10

8.26
8.11
0.15

8.25
8.10
0.15

9.77
9.85
7.75
5.96
5.75
9.60
7.94

9.85
9.68
7.85
6.20
5.82
9.61
8.01

ND
10.05
7.88
6.60
5.97
9.82
8.13

ND
10.04
8.00
6.62
ND
10.09
8.30

ND
ND
8.03
ND
ND
10.07
8.47

133.44
152.32
115.99
217.88
111.86
137.47
152.69
145.41

131.35
149.51
114.86
211.26
108.77
137.33
150.23
141.23

129.04
146.95
113.09
205.64
104.92
134.10
147.04
137.37

125.35
144.03
109.67
204.58
102.26
130.35
141.87
134.26

123.45
143.01
113.97
207.00
105.08
131.85
144.62
133.43

Chart 8.

Chart 9.

Interest Arbitrage, 3-Month Funds

Long Term Government Bond Yields

Canada
France
Germany
Japan
Switzerland
United Kingdom
United States
Chart 10.

Stock Indices

Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom
United States

Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General, FAZ AKtien,
Tokyo SE (Topix), CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite




FEDERAL RESERVE statistical release
H.10(512)

February 5, 1990

FOREIGN EXCHANGE RATES
FOR THE MEEK ENDING

FEBRUARY 2, 1990

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
•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
*NEH ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM
MEMO:
••UNITED STATES

MONETARY
UNIT

Jan. 29

DOLLAR
SCHILLING
FRANC
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

76 .350
11 .810
35 .070
1 .1885
4 .7339
6 .4875
3..9600
5..7040
1..6790
157..15
7..8115
16..970
158..05
1249..25
143..13
2..7040
1..8912
59..500
6..4925
147..90
1..8690
2..5550
687..70
108..65
40. 018
6 . 1400
1 4860
N. A.
25. 690
167. 80

76 .600
11 .840
35 .160
1 1906
4 7339
6 .5075
3 .9700
5 .7125
1..6815
157..00
7..8120
16..960
157..65
1250..00
144..10
2..6990
1..8955
59..700
6 ..5050
148..30
1..8615
2..5450
688..30
108..63
40. 018
6.1450
1 4910
N A.
25. 690
168. 18

76 .850
11 .893
35 .300
1 .1858
4 .7339
6 .5315
3 .9900
5 .7300
1..6880
157..80
7..8120
16..970
157..30
1253..50
144..55
2..6990
1..9027
60..200
6..5130
148..08
1..8640
2..5635
689. 00
108.85
40. 018
6.1600
1 5040
26. 132
25. 730
167. 94

92.22

92.39

92.64

DOLLAR

(CURRENCY UNITS PER DOLLAR)
Jan. 30
Jan. 31
Feb. 1
77 .020
11 .835
35 .150
1 . 1864
4 7339
6 .5050
3 .9900
5 .7090
1 .6815
157 .70
7..8120
16..960
157..80
1249..75
144..90
2..6975
1..8963
59..830
6..4950
148..10
1 ..8650
2. 5600
689. 50
108. 73
40. 018
6.1100
1 . 4982
26. 058
25. 720
168. 15

92.42

Feb. 2
77.350
2.715E20
35.250
1.1887
4.7339
6.5240
3.9800
5.7320
1.6860
157.70
7.8120
16.960
157.30
1252.50
145.38
2.6990
1.9019
60.030
6.5080
148.60
1.8675
2.5575
690.10
108.83
40.018
6.1500
1.4970
26.080
25.720
168.17

92.66

•VALUE IS U.S. CENTS
**IN0EX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1975 = 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.