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5 F f DATA FILE \ LIBRARY ^ C E LIBRARY * T ^ ^ 1 8 1 9 8 5 FEDERAL RESI RANK OF CHI Selected Interest & Exchange Rates Weekly Series of Charts .January 14, 1985 DIVISION OF INTERNATIONAL FINANCE Prepared by the F I N A N C I A L MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 v 3 # 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 1973=100 RATIO SCALE MARCH 1973=100 JAPANESE YEN FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR SWISS FRANC - - - I I I I I 200 I GERMAN MARK DUTCH GUILDER I I II FRENCH FRANC U.K. POUND 80 70 60 50 BELGIAN FRANC 100 - ITALIAN LIRA \ A 80 70 60 50 - i i i I I 1983 I 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 DOLLAR 12 6 U. K. POUND DUTCH GUILDER 0 6 12 12 SWISS FRANC GERMAN MARK 6 0 16 8 FRENCH FRANC JAPANESE YEN 24 32 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC U.S. DOLLARS PER FINE 0 ARS PER FINE OUNCE 600 600 560 560 520 520 480 480 12.5 Kg BARS AFTERNOON FIXING PRICE . 440 440 400 400 360 360 320 320 280 280 240 240 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES 24 20 FRANCE 16 U. S. FEDERAL FUNDS 12 8 4 0 24 20 EURO-SWISS FRANC CANADA 16 - 12 Aa . 8 4 - - + 0 4 I I I I I I I 20 16 U. K. 2-DAY LOCAL AUTHORITY 12 X 8 4 GERMANY iL Vu . j " EURO-DM 0 I 1983 1985 I 1983 I I I I I I I I 1111 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER AN NT PER ANNUM 18 16 - — — 14 - 12 \ - U . S . CD'S CANADIAN FINANCE CO. PAPER \ 10 8 - - - I WEIGHTED AVERAGE FOREIGN RATE 6 4 I I I I I - I I I I I I I 18 16 GERMAN INTERBANK RATE 14 UK. INTERBANK STERLING 12 10 8 11 10 9 SWISS INTERBANK RATE 8 JAPANESE BANK LOANS AND DISCOUNTS 7 6 5 1983 1985 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 3-MONTH OVERNIGHT - — 20 - 6-MONTH 7-DAY 16 - V . I l I l l I n i i i i i i i i i 12 11111111111 1-YEAR 1-MONTH 1983 y\ 1985 1983 1985 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 22 20 20 18 16 — 14 - 18 — 16 - 14 FEDERAL FUNDS DASHED LINE 12 - 10 - 3-MONTH EURO-DOLLAR DEPOSITS 12 - OVERNIGHT EURO-DOLLAR DEPOSITS 6 - y v — \ / 90-DAY CD' S I I I I I I 11111111111111111111111 J _ L 1 _ L — DIFFERENTIAL i l A * . i i i : rwiAA/v i i »U i A A AJJI » || AFW\ 11111111111 1983 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE DIFFERENTIAL I I ! I i I I ! I I I 1985 I I I • 1111111111 1983 11111111 1985 10 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S H , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY [NT PER ANNUM PERCENT PER Ah 22 22 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 DASHED LINE 10 10 I INTERBANK STERLING 6 COVERED LONDON 6 U. S. COMMERCIAL PAPER I III 2 2 4 2 DIFFERENTIAL DIFFERENTIAL 2 0 0 2 JJLLLL 2 I I I I I I 4 22 22 18 18 14 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 10 EURO-DOLLAR DEPOSITS 6 6 EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE I 1111111111 2 I I 2 2 2 DIFFERENTIAL DIFFERENTIAL 0 1 / \ / y v v v v x y ^ A / , v v v 1983 1985 I PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE . __ . ^ ^ I II I I 2 . 1 1 I A . 0 * . 1 2 1 1983 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES NT PER ANNUM PERCENT PER Al 19 UNITED STATES 15 MJ CANADA | - 11 7 I 1 1 1 I I 15 UNITED KINGDOM SWITZERLAND — 11 7 13 I I I I MONTHLY GERMANY - JAPAN - 9 - I 5 I I I I I 22 U. S. CORPORATE MONTHLY 18 - FRANCE Aaa BONDS — 14 - NETHERLANDS MONTHLY 10 - 6 !_L M 1983 1985 i l I I 1983 I 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY S E R E S RATIO SCALE 19^9=100 RATIO SCALE 1969=100 240 240 UNITED S T A T E S 200 UNITED KINGDOM — - W* 200 180 - — 180 160 - — 160 140 - - 140 I I I I r I 100 I I 180 NETHERLANDS — - 120 - w m a / - V - - j, r I 70 I 11111111111 I - A - (T^ - - / 110 V GERMANN — 80 - I I - J fA / 180 — 160 - r\ jT i i I i 90 80 — 160 - 140 - 120 - 100 90 I I I I I I I I I I I I I 70 320 CANADA j [ — v 100 80 - — 120 180 — - JAPAN - W 280 v 240 200 /v 180 160 - 140 120 J — - 140 I I I I I I I I I II II II II I I I I I7 0 I - - 240 200 I SWITZERLAND u l ii h i l l i I I - — 320 280 I — — - 70 I f 100 90 - - yv/Xz — — — — 180 120 J* I I | I I | I I | I I 180 160 ^ - 200 - V - 80 140 j w FRANCE — 100 160 — - 120 100 —1 - 160 140 I I I I I I I I I I I II I I , 200 90 - - 120 I I I I I 1983 I ,ili||||j,. 1985 \fi I I • 140 I I I 1983 I I I I I I I I I 120 I I I 1985 L A S T V A L U E PLOTTED DATE VALUE S E R I E S NAME CHABT 1, S P O T E X C H A N G E B A T E S A N D I N D I C E S WEEKLY A V E R A G E S , NOON BUYING B A T E S (U.S. C E N T S ) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA S W E D I S H KRONA INDICES, M A R C H 1973 BASE R A T E S = 9 9 9 9 9 9 9 9 9 9 31.59 0.39357 27.98 114.68 75. 70 10. 32 37. 90 1. 57859 0. 05146 11. 07 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 9 9 9 9 9 9 9 9 9 88.88 103.05 80.34 46. 38 75.45 46. 50 121.94 62. 20 29. 23 9 9 9 9 9 9 9 9 9 9 9 152.24 129.00 149. 79 112. 70 61.70 105. 43 61.58 172. 35 85.94 37.99 67. 33 9 9 9 9 9 9 9 9 - 1 . 29 -1.56 2.90 - 2. 06 3. 75 2.67 2. 39 -5.51 100 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 F R A N C ITALIAN LIRA (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) U.S. DOLLAR 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 F R A N C ITALIAN LIRA SWEDISH KRONA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 1973 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. CHART 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 OR D DI IS SC CO OU UN NT T C A N A D I A N DOLLAR U. K. P O U N D G E R M A N MARK FRENCH F R A N C SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3. G O L D PRICE IN LONDON, AFTERNOON FIXING U.S. D O L L A R S PER FINE OUNCE JAN. 9 301. 24 JAN. 9 JAN. 9 4 JAN. DEC. 28 4 JAN. JAN. 11 JAN. 4 4 JAN. 1 JAN. JAN. 11 8. 27 8. 20 8. 88 10. 60 5. 50 5. 51 6. 13 10. 50 10. 30 4. 15 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 9 9 9 9 9 9 9 8. 19 5. 73 6. 25 9. 81 1 0 . 26 4. 95 8. 28 JAN. JAN. JAN. JAN. JAN. JAN. 9 9 9 9 9 9 8.20 8.23 8.25 8.48 8. 99 9.70 4, CALL 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 DEPOSITS U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC 5. 3-MONTH I N T E R E S T R A T E S U.S. 90-DAY C D ' S , SECONDARY MARKET G E R M A N I N T E R B A N K LOAN J A P A N E S E BANK L O A N S 6 DISCOUNTS C A N A D I A N F I N A N C E PAPER I N T E R B A N K STERLING SWISS I N T E R B A N K LOAN W E I G H T E D A V E R A G E FOREIGN INTEREST R A T E (G-10 C O U N T R I E S PLUS SWITZERLAND) CHART 6. E U R O - D O L L A R DEPOSIT R A T E S : LONDON OVERNIGHT 7-DAY 1-BONTH 3-MONTH 6-MONTH 1-YEAR 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-DOLLAR DEPOSITS 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 REQUIREMENTS JAN. JAN. JAN. 9 9 9 8. 20 8. 27 - 0 . 07 3 - M O N T H EURO-DOLLAR DEPOSIT R A T E U.S. 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL JAN. JAN. JAN. 9 8. 48 8. 19 0. 29 9 9 SERIES NAME LAST V A L U E PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH PONDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON) , C O V E R E D DIFFERENTIAL JAN. JAN. JAN. 9 9 9 8.48 8.66 - 0 . 19 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 JAN. JAN. JAN. 9 9 9 8. 09 8.49 -0.40 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), C O V E R E D DIFFERENTIAL JAN. JAN. JAN. 9 9 9 8. 48 8. 67 -0. 19 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL JAN. JAN. JAN. 9 9 9 8. 48 8.74 -0. 27 JAN. DEC. OCT. 4 14 CHART 9. LONG TERM G O V E R M E N T BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM ' op * za DEC. 21 OCT. 26 AUG. JAN. 4 1 1.64 7.00 6.61 I' Vl M *'' 11.74 12.33 8. 50 10.03 DEC. NOV. 12.13 10.29 DEC U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR CHART 10. BONDS STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 2 JAN. 2 JAN. 2 JAN. 2 JAN. 2 JAN. 2 JAN. 2 JAN. DEC. 26 170. 10 20 6. 75 237. 19 165. 59 129. 59 178. 24 182. 73 236. 43 FEDERAL RESERVE statistical release '•.fmEfV H.10 (SIT) J A N U A R Y \'l, 1985 FOREIGN EXCHANGE RATES FOB THE WEEK E N D I N G J A N U A R Y 11, 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 cable transfers payable inforeigncurrencies: COUNTRY •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE BONG KONG INDIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW Z E A L A N D NORWAY PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA MEMO: •UNITED STATES MONETARY UNIT DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND SHEKEL LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE PESO ESCUDO DOLLAR RAND HON PESETA RUPEE KRONA FRANC DOLLAR .BAHT POUND BOLIVAR DOLLAR JAN. 7 (CURRENCY U N I T S PER DOLLAR) JAN. 9 JAN. 8 JAN. 10 JAN. 11 80.42 22.310 63.570 3244.00 1.3217 2.8167 11.3320 6.6230 9.7200 3. 1775 129.350 7.8065 12.5300 98.40 NA 19*8.50 255.95 2.4680 230.2500 3.5875 47.000 9. 1620 NA 171.750 2.2060 47.65 831.30 174.800 26.333 9.0460 2.6475 39.480 27.250 114.15 NA 81.18 22. 150 63.170 3244.00 1.3209 2.8167 11.2750 6.5925 9.6630 3.1545 128.800 7.8040 12.5600 98.90 NA 1935.00 253.75 2.4675 230.0000 3.5625 47.250 9.1275 NA 170.500 2.2000 47.80 832.30 173.750 26.333 9.0350 2.6365 39.470 27.300 114.75 NA 81.45 22.200 63.310 3244.00 1.3202 2.8167 11.3000 6.6100 9.6875 3.1630 128.900 7.9900 12.5800 98.70 NA 1944.00 255.10 2.4750 231.0000 3.5715 47.150 9.1350 NA 171.750 2.2000 47.20 831.30 174.650 26.335 9.0350 2.6520 39.450 27.300 114. 10 NA 81.85 22.090 63.000 3244.00 1.3212 2.8167 11.2675 6.5975 9.6300 3. 1405 128.700 7.7920 12.6200 99.20 NA 1931.00 253.70 2.4750 229.0000 3.5470 47.190 9.1200 NA 171.500 2.2000 47.40 832.30 173.800 26.333 9.0375 2.6360 39.430 27.300 113.40 HA 82.20 22. 115 63. 190 3318.00 1.3214 2.8167 1 1.2825 6.6270 9.6725 3.1550 128.700 7.8005 12.6500 98.76 NA 1942.00 253.83 2.4800 228.2500 3.5640 47.150 9. 1450 NA 172.250 2. 1965 46.00 831.30 174.550 26.372 9.0650 2.6450 39.410 27. 300 112.45 NA 152.81 151.91 152.40 151.80 152.41 fINDEX 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 OTHER G-11 COUNTRIES. M A R C H 1973 = 100. H E I G H T S ARE 1972-76 G L O B A L T R A D E OF EACH OF T H E 10 COUNTRIES. SERIES R E V I S E D AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE H 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 THE U.S. D O L L A R : R E V I S I O N " ON PAGE 700 OF T H E AUGUST 1978 F E D E R A L R E S E R V E B U L L E T I N . • VALUE IS D. S. C E N T S
@FedFRASER