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J V * <616/517) '•? i Selected Interest & Exchange Rates Weekly Series of Charts January 13,1986 Prepared by the FINANCIAL 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 RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES a 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 a 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 1973= 100 200 s 180 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA GERMAN MARK JAPANESE YEN 180 f/^ - 140 - - 120 — — 100 — 90 — I I I i i i 11111111111 I I I I I I I 11 8011 — 120 I I I I II I M I I I I M I I — 100 - 90 - - 80 - - 70 nil ill ill I ii lii hill i 60 vy i i i i v i i y W FRENCH FRANC U.K. POUND SWISS FRANC BELGIAN FRANC 100 120 i i — - I - 90 80 70 60 50 I I I I I I I I I I I I I I 1984 140 — DUTCH GUILDER CANADIAN DOLLAR - 1986 160 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Af :ENT PER ANNUM 4 8 DUTCH GUILDER CANADIAN DOLLAR + 0 4 4 ' 0 4 12 U. K. POUND SWISS FRANC 0 - 4 4 8 8 8 I I I I I I Ill IIIllllI 8 JAPANESE YEN GERMAN MARK 0 4 4 0 I I 0 I 8 8 ITALIAN LIRA FRENCH FRANC + 0 + 0 8 8 16 16 24 24 32 I 1984 I 32 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC U.S. DOLLARS PER FINE 01UNCE ARS PER FINE OUNCE 520 520 500 500 480 480 460 460 12.5 Kg BARS 440 440 AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 300 280 I i I I i I I » I 1983 1984 1985 I i I I I I I I I M 1986 260 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Ah NT PER ANNUM 20 20 16 16 FRANCE U. S. FEDERAL FUNDS 12 12 . V 8 I 8 4 4 JAPAN 0 I I 0 I 20 20 SWITZERLAND 16 16 CANADA 12 12 8 8 4 4 0 0 20 20 16 16 UNITED KINGDOM 12 - - GERMANY 8 12 8 r ~ 4 0 4 NETHERLANDS M M I 1984 1986 I I I I 1984 I .iliilnlii 11liill ill I 1986 0 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER AN NT PER ANNUM 16 14 U.S. CD'S CANADIAN FINANCE CO. PAPER - 12 14 10 8 - 12 10 WEIGHTED AVERAGE FOREIGN RATE 8 6 iilliIi 4 i i i 11 I I I I I I I I I I I I I I I I I 6 16 16 U.K. INTERBANK STERLING FRENCH INTERBANK RATE 14 14 12 12 10 10 8 8 10 10 8 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE - 6 8 6 4 - 2 I I I I I 4 2 I 8 9 SWISS INTERBANK RATE 8 JAPANESE GENSAKI RATE a , . , 7 A , 6 . 4 6 2 5 I I 1984 1986 I I 0 I I 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER AN WM 16 16 OVERNIGHT 3-MONTH 14 14 12 12 10 10 8 8 6 6 16 16 7-DAY 6-MONTH 14 14 12 12 10 10 8 8 6 6 16 16 1-YEAR 1-MONTH 14 14 12 12 10 10 8 8 6 6 1984 1986 1984 1986 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 16 16 14 14 FEDERAL FUNDS E U R O - D O L L A R DEPOSITS DASHED LINE 3-MONTH 12 12 10 10 90-DAY CD' S OVERNIGHT E U R O - D O L L A R DEPOSITS I l l i i I i i I i i I i i 'I i i I i i I i i I i i l l l I l l l Ii i l i i l i i l i i • 111111111 4 2 DIFFERENTIAL DIFFERENTIAL / V y v t N/vVvva/Wv— 1 _ L I I I I i i I i i I i i I n 11 i I i i I i i I i 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 PERCENT ON RATE S C A L E 1986 I I I i i 1984 i 11111111111 11111111111 1986 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah •NT PER ANNUM 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 14 10 10 INTERBANK STERLING 6 COVERED LONDON I 2 2 6 U. S. COMMERCIAL PAPER I I 2 2 DIFFERENTIAL DIFFERENTIAL + + 0 0 I 2 M I I I ll 11 2 18 14 18 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 6 2 2 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE 1_L 6 DASHED LINE I I I _L_L DIFFERENTIAL 2 2 DIFFERENTIAL + 0 2 0 11 1 I 1984 I n i l ill ill! n 1111111 M 1986 I 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 JL1 J _ l 1984 2 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES IT PER ANNUM PERCENT PER AN 17 17 UNITED STATES 15 CANADA 15 13 13 11 11 9 9 7 7 15 9 13 — SWITZERLAND UNITED KINGDOM 11 7 5 9 - l 7 I I l I I, I I I I I I 3 1 10 10 GERMANY JAPAN 8 8 6 6 4 I I I I I I J_L I JLilLilL 4 18 18 U. S. CORPORATE MONTHLY 16 16 , FRANCE Aaa BONDS 14 - 14 12 — 12 __ 10 INETHERLANDS iMONTHLY 10 8 6 - I I I I 1984 1986 I I 8 6 1984 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 U N I T E D KINGDOM UNITED S T A T E S NETHERLANDS GERMANY 260 220 260 — ZVXA / FRANCE 180 - — — - - — 220 — 180 J a A J SWITZERLAND J " 140 140 100 - 100 nil Ilull I Illllllllll 80 - 1 1 1 80 340 — 300 — i i i 11111111111 I N I L , L U L U — I I i i i — — — 300 CANADA 260 JAPAN 220 - 180 - 140 J V /A V-vV i i i I I 1984 I 11111111111 — — - - - - 11111111111 1986 340 — Y* WWV vy F i i i i i 1984 i 11111111111 — 260 — 220 - 180 Illllllllll 1986 140 LAST VALUE PLOTTED DATE VALUE SERIES SAME CHART 1. SPOT EXCHANGE BATES AMD INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN F R A N C ITALIAN LIRA SWEDISH KRONA JAN. JANJAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 8 8 8 8 8 8 8 8 8 8 40. 82 43635 36. 23 144. 14 71. 30 13. 31 48. 32 1. 99914 05983 13. 19 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 8 8 8 8 8 8 8 8 8 114.84 129.96 104.01 58.30 71.07 59. 98 155.45 78.78 33.99 8 8 8 8 8 8 8 8 8 8 8 123.90 144.37 161.98 124.91 66.40 83.00 68. 26 18 7.27 92.90 37.53 68.24 8 8 8 8 8 8 8 8 -1.58 -3.78 3.26 -4.92 3.96 2.14 1.39 -8.85 0. 0. INDICES, HARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FREUCH FRANC SWISS FRANC BELGIAN F R A N C ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR (G-10 COUNTRIES PLUS SWITZERLAND) 9.5. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 1973 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. CHART 2. 3-80NTH FORWARD EXCHANGE BATES, PREMIUM 08 DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JAN. JAN. JAN. JAN. JAN. JAN. JANJAN. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IS LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE JAN. 8 328.73 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 8 8 8 8 8 8 8 8 8 8. 20 8.21 11.07 9.63 4.51 7.21 9.00 5.61 1.00 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 8 8 8 8 8 8 8 8 8 7. 76 4.69 6.81 9.66 11.98 4.03 9.00 5.72 7.83 JAN. JAN. JAN. JAN. JAN. JAN. 8 8 8 8 8 8 8.21 8. 10 8.00 7. 93 7.93 7.99 , CALL HONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3—MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK BATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-HONTH 6-MONTH 1-YEAR . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL JAN. JAN. JAN. 8 8 8 8.21 8.20 0.01 3-MONTH EURO-DOLLAR DEPOSIT BATE U.S. 90-DAY CD'S* SECONDARY BASKET DIFFERENTIAL JAN. JAN. JAM. 8 8 8 7.93 7.76 0.17 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAN. JAN. JAN. 8 8 8 7. 93 8. 08 -0. lb U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JAN. JAN. JAN. 8 8 8 7. 68 8. 05 -0. 37 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JAN. JAN. JAN. 8 8 8 7. 93 7. 99 - 0 . 06 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JAN. JAN. JAN. 8 8 8 7. 93 8. 03 - 0 . 11 JAN. 3 JAN. 3 JAN. DEC. 27 JAN. 3 JAN. 3 OCT. 3 JAN. 9.03 6. 32 6.29 4.53 10.04 11.33 7.03 10.03 NOV. 10.55 CHART 9. LONG TERM GOVBRMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. CORPORATE AAA BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 1 1 1 1 1 1 1 1 2*6.72 248.74 287.28 278.99 197.01 291.26 269.47 280.42 FEDERAL RESERVE statistical release H.10 (512) mSM JAIUAat 10, 1986 FOREIGN EXCHANGE RATES FOB III WEEK EBDIBG JABOABI 10, 1986 The Boon! at Qootwow ot #he federal Neemw tytow t> edWeed the i r Iu r a l Wmtw Bank of New Ye* hee certifiedtorcustom* i IhetoHoertngnoon buyingrnteeIn New Yortt Cttytorcoble tionetore payable In kwetgn oumenctoe: CODITBT HOIBT1BT OUT DOU1B *A051*1111 SCBIL1IBG A0STBI1 FBAIC BELGIOB CBUZEIBO BRAXIL DOLLAB CAB1D1 caimi.p.a. 1011 EBOME DBBH1BK E1BKK1 FIML11D PB1IC PB1IC8 D. H1BK GEBB11I DB1CH01 GREECE DOLL1B HOBG KOIG BUPEE I BOX A POOID •IREL1ID LIRA ITALI JAP A* IB* B1BGGXT HALATSI1 PESO flEXXCO GUILDBB *ETHEBL1*DS **BS 2E1L1MD DOLLAB HOEHIT KBOIB PORTOGIL ESCODO SIBG1POEE DOLLAB •SOUTH 1FRIC1 B1BD BO* SOUTH BOBBl PESETA SP1I1 SBI LlflKl BOPBE SBBDB* EBOB1 S8IT2EBL1VD PB1BC DOLLAB TilEll B1HT THIILIID •UIITED KIVGDOfl POUBD BB10: iUBITED STATES DOLLAB Jl*. 6 [COBBBMCI OBITS PEB DOLLAB) JIB. 7 JA*. 8 JAM. 9 JAM. 10 68.07 17.225 50.010 10695.00 1.4070 3.2095 8.9380 5.3975 7.#980 2.4480 148.300 7.8105 12.1700 124.95 1668.00 201.90 2.4315 *1 2.7580 52.400 7.5360 158.500 2.1185 39.40 893.00 153.370 27.460 7.5590 2.0690 39.870 26.710 143.55 68.85 17.170 49.870 10760.00 1.3993 3.2095 8.9330 5.4000 7.4930 2.4445 147.500 7.8080 12.1300 124.95 1667.00 201.70 2.4320 11 2.7535 52.000 7.5360 157.000 2.1160 39.95 892.60 152.750 27.465 7.5740 2.0735 39.850 26.680 143.95 68.86 17.220 49.970 10830.00 1.4015 3.2095 8.9750 5.4250 7.5370 2.4565 148. 500 7.8060 12.1600 124.00 1675.00 202.10 2.4325 *A 2.7675 49.800 7.5660 158.600 2.1215 40. 40 892.20 153.300 27.465 7.6225 2.0860 *A 26.690 144.33 69.65 17.200 50.050 10830.00 1.3980 3.2095 8.9280 5.4085 7.5150 2.4480 149.800 7.8035 12.1900 124.80 1670.00 202.10 2.4360 *A 2.7535 50.700 7.5410 159.300 2.1215 41.20 892.70 153.100 27.477 7.5800 2.0780 39.810 26.720 145.00 69.56 17.2bS 50.170 10965.00 1.3937 3.2095 8.9675 5.4245 7.5350 2.4555 149.250 7.8080 12.0900 124.33 1673.00 202.35 2.4330 *A 2.7635 50.500 7.5810 158.200 2.1200 41.90 893.20 156.750 27.473 7.6075 2.0840 *1 26.690 145.45 123.93 123.74 124.15 123.80 123.97 *IBDBI or WEIGHTED AT BRASS E I CHAISE TALOX OF O.S. DOLLAB AGAI1ST COBBBBCXES OF OIHBB 6-10 COOBTBIES. BABCB 1973 = 100. BBIGHTS ABB 1972-76 GLOBAL TBADB OF EACH OF XHB 10 COOBIBIBS. SERIES BETISED AS OF A060ST 1978. FOB DESCBIPTIOB ABO BACK DATA, SEE "XBDEX OF TBB BBIGBTlD-AfEBACE EXCBABGE VALOE OF XBE O.S. DOLLAR: BEfXSIOB" OB PAGE 700 OF M B AOCOS* 1978 FEDEBAL &ESEBTE B0LLETI*.. •VALOE I S O.S.,CEBTS
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