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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts j February 6, 1984 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE SUBSCRIPTION RATES: Weekly $ 1 5 . 0 0 per year or $ . 4 0 each in the United States, its possessions. Canada, and Mexico; 10 or more of the same issue t o one address, $13.50 per year or $.35 each. Elsewhere, $ 2 0 . 0 0 per year or $.50 each. Address requests to Publications Services, Division of A d m i n i s t r a t i v e Services, and make payment CHARTS remittance 1. SPOT EXCHANGE RATE INDICES Governors of the Federal Reserve System in a f o r m 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 payable to the order of the Board o f collectible at par in U.S. C u r r e n c y . CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO MARC CALE 1973=100 RATIO MARCH 197 160 140 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN CANADIAN DOLLAR SWISS FRANC 120 100 80 120 100 80 60 180 160 GERMAN MARK 140 V IDUTCH GUILDER 120 100 - I I I I I I 120 100 U.K. POUND FRENCH FRANC BELGIAN FRANC ITALIAN LIRA 80 60 50 160 140 120 100 80 60 1982 1984 1982 1984 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 . ITALIAN LIRA - CANADIAN DOLLAR - V M 1 1 1 - 24 [L DUTCH GUILDEFt U. K. POUND r^\ \ 6 I 9 12 I I i i i I ,| II|M | . ~ 6 — — \ /Vx A / Vv 15 SWISS FRANC GERMAN MARK - - I I I I I I 111111111II M i n i . . h . I I I I I I 11 I I I h i l l i 16 FRENCH FRANC 12 JAPANESE YEN 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 600 550 600 - - 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - 450 - 400 - 350 - 500 - 450 400 300 - 350 - 300 250 250 1981 1982 1983 1984 r CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 28 24 - 20 - V 20 V u y A - S * FEDERAL FUNDS 16 12 - 8 - 4 ^ - - - zr n FRANCE - 16 - 12 1 - - 8 — 4 JAPAN - I I I i I I|II|II|II i i 1 1 1 lllllllllll lllllllllll CANADA EURO-SWISS FRANC NETHERLANDS U. K. 2-DAY LOCAL AUTHORITY http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis L GERMANY EURO-DM 1982 1984 1982 1984 0 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 22 24 18 20 U . S . CD'S CANADIAN FINANCE CO. PAPER 14 10 WEIGHTED AVERAGE FOREIGN RATE 20 — 16 - 12 - — — — — U.K. INTERBANK STERLING m i 8 i - i I I GERMAN INTERBANK RATE I 11 1 SWISS INTERBANK RATE 9 > 7 - - iV \ JAPANESE BANK LOANS AND DISCOUNTS \ — I - - - 5 I I 1982 ~ I 1984 1 1 1982 1 1984 CHART 6 E U R O - D O L L A R DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER 24 20 OVERNIGHT 3-MONTH 16 12 8 4 24 20 16 12 8 4 24 20 1-MONTH 1-YEAR 16 12 8 I IIllll II 4 1982 1984 1982 1984 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 18 18 3-MONTH E U R O - D O L L A R DEPOSITS 14 - 10 - 14 OVERNIGHT 90-DAY CD* S E U R O - D O L L A R DEPOSITS I I ?/ , V V 10 1111111111 ii111111111 IDIFFERENTIAL DIFFERENTIAL y v w ^ v j I 111111111111111111111111 1982 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1984 i i ' V v ^ 1 111 11 1 11II i 1982 v . 11111111111 1984 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 EURO-DOLLAR DEPOSITS 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER DIFFERENTIAL — DIFFERENTIAL A — iyxWv/v/V^ I 2 I I 4 28 28 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 - 20 — 12 COVERED FRANKFURT 12 i w EURO-DOLLAR DEPOSITS^. EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE JL± I DIFFERENTIAL I I MI<<I<<I<< DIFFERENTIAL - I I 1982 I 11111111111 1984 1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANH PPER ANNUM 19 — » Jl CANADA I UNITED STATES 15 - 11 I I I I I I I I I I I I I7 I 9 UNITED KINGDOM SWITZERLAND 5 — 1 13 MONTHLY GERMANY JAPAN - 9 ~l I l I l I 11111111111 I I I I I I I I I I I 5 22 U. S. CORPORATE MONTHLY FRANCE 18 Aaa BONDS 14 EURO-DOLLAR BONDS -\ 10 NETHERLANDS MONTHLY iliilnliilii Illllllll 1982 1984 1982 1984 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES :ALE >o RATIO 196 — UNITED STATES / JAPAN — — 160 120 - I I I 210 170 UNITED KINGDOM FRANCE 130 90 70 190 150 GERMANY SWITZERLAND - - 110 - v 70 180 NETHERLANDS CANADA 140 - 100 80 60 I 1982 1984 I I 1982 1984 SERIES CHART 1. S P O T WEEKLY LAST VALUE PLOTTED DATE VALOE NAME E X C H A N G E R A T E S AND I N D I C E S A V E R A G E S , NOON BUYING R A T E S (U.S. CENTS) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR F R E N C H FRANC SWISS F R A N C BELGIAN F R A N C I T A L I A N LIRA INDICES, MARCH 1973 BASE R A T E S = W E I G H T E D A V E R A G E E X C H A N G E VALUE I N D I C E S , MAR <G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB, 100.10 111.71 90.73 56.85 79.86 52.40 143.45 68.59 33. 17 1973 = 100 U.S. DOLLAR G E R M A N MASK J A P A N E S E YEN DUTCH G U I L D E R O.K. P O U N D C A N A D I A N DOLLAR FRENCH F R A N C SWISS F E A N C BELGIAN F R A N C ITALIAN L I R A SWEDISH KRONA C H A R T 2. 3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR 35.58 0.42667 31.60 140.56 80. 13 11.63 44.59 1.74066 0.053 39 100 G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC ITALIAN LIRA C A N A D I A N DOLLAR U.K. P O U N D G E R M A N MARK FRENCH FRANC SWISS F R A N C DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIRA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB.. FEB. FEB. FEB. FEB. FEB. FEB. 135.22 133.00 147.70 116.18 69.68 101.37 63.39 185.06 86.34 39.37 67.86 DISCOUNT FEB. FEB. FEB. FEB. FEB. FEB, FEB, FEB, -0.01 0.46 3.81 -3.39 6.17 3.63 3.32 -7.01 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3. G O L D PBJCE IN LONDON, A FT EENOO N FIXING U . S . D O L L A R S PES FINE OUNCE CHART 4. CALL FEB. 1 371.75 FEB. FEB. JAN. JA N„ JAN. FEB. JAN. JAN. JAN. FEB. 1 1 20 13 20 3 13 20 1 3 9,,44 9.36 9.,00 9.,59 5.55 5.,52 6.13 11.,75 10.30 12. 13 1 1 1 1 1 1 9.36 9.44 9.53 9.70 9.98 10.23 MONEY R A T E S U . S . F E D E R A L FUNDS O V E R N I G H T EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY EURC-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5. 3—MONTH I N T E R E S T R A T E S U.S. 90-DAY C D ' S , SECONDARY M A R K E T G E R M A N INTERBANK LOAN J A P A N E S E EANK LOANS S DISCOUNTS C A N A D I A N FINANCE PAPER I N T E R B A N K STERLING SWISS I N T E R B A N K LCAN W E I G H T E D A V E R A G E FOREIGN I N T E R E S T RATE (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) CHART 6. EURO-DOLLAR FEB. FEB. FEB. FEB. FEB. FEB. FEB. DEPOSIT R A T E S : LONDON FEB. FEB. FEB. FEB. FEB. FEB. OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YFAR CHART 7 . S E L E C T E D EURO-DOLLAR AND U.S. MONEY M A R K E T R A T E S O V E R N I G H T EURO-COLLAR D E P O S I T S U.S. FEDERAL FUNDS D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S FEB. FEBFEB. 1 1 1 9.36 9.44 -0.08 3-MONTH EURO-DOLLAR DEPOSIT R A T E U . S . 90-DAY C D ' S , SECONDARY M A R K E T DIFFERENTIAL FEB. FEB, FEB. 1 1 1 9.70 9.35 0.35 SERIES NAME CHART 8. I N T E R E S T L A S T V A L U E PLOTTED DATE VALOE A R B I T R A G E , 3-MCNTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), C O V E R E D DIFFERENTIAL FEBFEB. FEB. 1 1 1 9.70 9.85 -0.15 U..S.. C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL FEB. FEB. FEB. 1 1 1 9.15 9.85 -0.70 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), C O V E R E D DIFFERENTIAL FEB. FEB. FEB. 1 1 1 9.70 9.96 -0.26 EUBC-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL FEB. FEB. FEB, 1 1 1 9.70 9.70 0.00 JAN. JAN. OCT. JAN. JAN. OCT. NOV. JAN. 27 13 11.63 8.30 7.22 4.44 12.00 14. 17 8.57 9.80 CHART 9. LONG TERM G O V E R M E N T BOND YIELDS UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 20 13 28 27 U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR CHART 10. BONES DEC. NOV. 12.57 10.29 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 169.11 182.30 244.31 158.96 126.34 176.80 171.16 206.57 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN FEDERAL RESERVE statistical release # M FEBRUARY FOREIGN E X C H A N G E RATES .10(512) FOR THE MEEK B I D I N G FEBRUARY 3, 3 , 1984 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: MONETARY UNIT PESO ARGENTINA DOLLAR •AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM CRUZEIRO BRAZIL DOLLAR CANADA PESO CHILE YUAN C H I N A , P.R. PESO COLOMBIA KRONE DENMARK MARKKA FINLAND FRANC FRANCE D. MARK GERMANY DRACHMA GREECE DOLLAR HONG KONG RUPEE INDIA RUPIAH INDONESIA POUND •IRELAND SHEKEL ISRAEL LIRA ITALY YEN JAPAN DOLLAR MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR •NEW Z E A L A N D KRONE NORWAY SOL PERU PESO PHILIPPINES ESCUDO PORTUGAL DOLLAR SINGAPORE RAND > •SOUTH AFRICA HON SOUTH KOREA PESETA SPAIN RUPEE SBI LANKA KRONA ' SWEDEN FRANC SWITZERLAND DOLLAR TAIWAN BAHT THAILAND •UNITED KINGDOM P O U N D BOLIVAR VENEZUELA MEMO: iIUNITED STATES OF T H E AUGUST DOLLAR 30 2 3 4 .. 5 8 2, 3 4 0 0 166, 5 0 0 0 3 1650 64 980 7 8600 2361 35 14 0 5 0 0 137 400 2 1305 78 6 5 800 . 7 0 158 . 6 5 0 25 2 8 0 8 .1810 2 .2415 40 2 3 0 23 0 0 0 140 . 7 4 13 . 4 0 0 0 91 72 870 620 1080. 0 0 2493 88. 7 0 0 2. 0 7 9 0 9 0 . 610 10. 2 1 5 0 5 ., 9 4 6 0 8., 6 1 6 0 2m. 8 1 6 5 1 0 3 ., 4 0 0 7 .. 8 0 0 5 10,. 7 6 0 0 9 9 7 . .00 1 0 9 .. 7 0 124 .350 1 7 1 5 ..00 234. 67 2:L 3 4 0 5 .5000 166. 3.1735 64. 9 3 0 7 ..8820 2361. 3 5 14. 0 5 0 0 137. 750 2. 1320 78. 65 8 0 1 , 30 158. 9 6 0 25 ,280 8. ,1880 2 .2530 40 . 2 3 0 23 .000 140 13 5 0 0 0 135.25 135.51 25. 91 91 72 19 8 2 7 57 ,460 1065 ,00 1., 2 4 8 6 88., 7 0 0 2.. 0 7 9 0 9 0 ..610 .1930 5 .. 9 3 8 0 10. 8..6000 2.. 8 1 1 7 1 0 3 .. 5 5 0 7 ..8000 10.. 7 4 0 0 9 9 7 ..00 1 0 9 .. 9 0 122..610 1 7 1 3 ..00 25 91 19. 57. 1. .12 1978 F E D E R A L R E S E R V E EOLLETI*. •VALUE IS U.S. C E N T S JAN. (CURRENCY U N I S PER DOLLAR: FEB. JAN. 31 25.91 9 2 . 10 19.690 57.150 1080.00 1.2473 88.700 2.0790 90.610 10.1425 5.9300 8.5465 2.7920 103.200 7*7990 10.7600 997.00 110.60 FEB. 25.91 92.32 19.460 56.520 1080.00 1.2460 87.800 2.0790 90.610 10.0225 5.8770 8.4800 2.7600 102.400 7.7975 10.7600 997.00 111.80 FEB. 26.59 92.15 19.285 56.090 1080.00 1.2464 88.850 2.0623 90.610 9.9475 5.8560 8.4175 2.7355 102.100 7.7950 10.7500 995.00 112.80 124.900 124.710 1703-00 234.25 2.3395 166.2500 3.1460 65.130 7.8575 2361.35 14.0500 137.500 2 . 1305 79.15 800.70 158.300 ' 25.280 8.1525 2.2350 NA 23.000 141.00 13.5000 124.870 1695.00 233-60 2.3375 166.9000 3.1130 65.320 7.8150 2361.35 14.0500 136.250 2.1275 80.05 800.70 156.840 25.280 2.2175 SA 23.000 142.25 13.5000 156.180 25.270 8.0640 2.1970 NA 23.000 143.10 12.5000 134.65 133.65 132.79 8.1100 1681.00 232.70 2.3350 167.0000 3.0900 65.380 7.7700 2384.56 14.0500 136.500 2.1260 80.40 800.60
@FedFRASER