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uf- (516/517) - S - # Selected Interest & Exchange Rates Weekly Series of Charts January 16, 1984 Prepared by the :» FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Vc/c? 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 »• 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 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 160 160 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 „ JAPANESE YEN ~ 120 — 100 - I " i l l 80 I I 140 - 120 - 100 I I|||| | | | | | 80 240 — 120 100 - _ CANADIAN DOLLAR SWISS FRANC - 200 ^ 80 - I 60 I I I I I I I I I I I I I I II I I I I | I I | I I | I I 140 120 I 11!! 1111!! I 120 - - W - v ~ - 160 X T \ i i DUTCH GUILDER - 140 120 I I I 100 — 11111111111 I I I I I I 11111111111 ?111111II111 120 — 120 - - - FRENCH FRANC U.K. POUND - — - I 50 — 50 "l I I I I 80 60 — - I 100 ~ 80 160 I GERMAN MARK i 60 I 160 V 180 — — 100 100 I A v a a — 180 160 ^ iiliilnlii 80 — — — 70 120 — 60 100 - 50 - 40 140 - ITALIAN LIRA BELGIAN FRANC 80 60 - I I 1982 I I 1984 I I I I 1982 I 111 ii 1111111111 ii I ii 111 1984 30 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 — — CANADIAN DOLLAR vv + 0 Uv I — ITALIAN LIRA - I I I I 11 I 1 1 1 1 1 24 — rw XITCH GUILDER pjL J J.I K. POUND - 6 I 9 12 I I I I I I I I I I I I I 1I I1 I 1 1 1 111111II111 1 15 — \ - A I SWISS FRANC GERMAN MARK V Vr I I Y v 1 1 1 I M l l l l l . h l 1 1 I 1 1 iiliiliiln 111ii 111111 FRENCH FRANC JAPANESE YEN 1962 1984 6 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 600 600 550 - 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - - 450 - 500 450 400 — 400 350 - - 350 P300 - - 300 250 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 28 24 24 - - 20 \ 20 - 16 - 8 - 4 ^ 16 - zr JAPAN - | || FRANCE - U. S. FEDERAL FUNDS 12 A I I I I I I I I I IIIIIIIIII I I I I iI II | CANADA EURO-SWISS FRANC NETHERLANDS U. K. 2-DAY LOCAL AUTHORITY GERMANY EURO-DM 1982 1984 1982 1984 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 20 U. S. CD'S CANADIAN FINANCE CO. PAPER WEIGHTED AVERAGE FOREIGN RATE 6 16 20 U.K. INTERBANK STERLING GERMAN INTERBANK RATE LLILL 12 11 SWISS INTERBANK RATE 9 JAPANESE BANK LOANS AND DISCOUNTS 7 5 1982 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM ;ENT PER ANNUM 24 3-MONTH OVERNIGHT 6-MONTH 7-DAY — 1-YEAR 1-MONTH - l 1 1982 1 11111111111 ill ii hill i 1984 1982 1984 7 # 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 18 3-MONTH FEDERAL FUNDS 18 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 10 - I I I I I II 11111111111 — IDIFFERENTIAL DIFFERENTIAL + 0 I l I 111111111111111111111111 1982 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1984 i i l I I I I I I I I| II II I I I I I I I I i 1982 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 EURO-DOLLAR DEPOSITS 20 12 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED - 'AL INTERBANK STERLING COVERED LONDON h U. S. COMMERCIAL PAPER IIIllll111 — DIFFERENTIAL - DIFFERENTIAL "I 2 i i 1 1 1 — u l n hili i 28 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 COVERED FRANKFURT 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE DIFFERENTIAL DIFFERENTIAL i 1982 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 UHAHI 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER( PERCENT PER AN NT PER ANNUM 19 19 — » JI I CANADA UNITED STATES 15 - 15 11 11 7 i ill i hili i 7 15 9 UNITED KINGDOM SWITZERLAND 5 11 I 7 13 I I I I I 1 13 MONTHLY GERMANY JAPAN - 9 9 - I 5 22 U. S. CORPORATE I I I I 5 I 22 MONTHLY FRANCE 18 18 Aaa BONDS 14 14 EURO-DOLLAR BONDS 10 -\ V 10 NETHERLANDS MONTHLY 11111111111 6 1982 ilL I I I III II I I I 1984 1982 1984 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 220 220 — JAPAN UNITED STATES 180 - 180 - 140 — -J 140 — i I I I 100 r i I iiiuiiiiii I I I I 100 11111111111 I 200 — 160 - UNITED KINGDOM A — 120 - /Vn GERMANY ZV V — 120 — M l M l u l M 1 1 1 160 — - — 1 1 1 80 — - k/VSZ 200 - iiiuiiiiii 1 1 1 1 1 1 1 80 170 170 " FRANCE 130 - j/ - SWITZERLAND 130 - - 90 - I 70 I I I 90 - . r V I I I ,,|I||,|||| I I I I I I I 70 nliiliiln 360 180 140 NETHERLANDS - A^\l - 100 - \ - 200 - 160 Illllllllll 120 j - 80 60 280 CANADA I I I I I 1982 I Illllllllll 1984 I I I l I 1982 I 1984 9 LAST V A L U E PLOTTED DATE VALUE S E R I E S NAME CHART 1, S P O T E X C H A N G E R A T E S AND I N D I C E S WEEKLY A V E R A G E S , NCON BUYING R 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 G U I L D E R U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC 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 ) ^CHART W 11 11 11 11 11 11 11 11 11 35..48 0.,42860 31. 62 140.42 79.93 11.62 44.60 1.74119 0.05860 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 11 11 11 11 11 11 11 11 11 99.82 112.22 90.77 56.79 79.66 52.36 143.49 68.61 33.29 11 11 11 11 11 11 11 11 11 11 11 135.24 132.59 148.47 116.24 69.62 101. 11 63.34 185.14 86.38 39.52 67.61 100 G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R 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 FRANC ITALIAN LIRA U . S . DOLLAR G E R M A N MARK J A P A N E S E YEN D U T C H 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 S W E D I S H KRONA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 1973 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 2. 3 - M O N T H F O R W A R D E X C H A N G E B A T E S , PREMIUM OB D I S C O U N T C A N A D I A N DOLLAR U „ K . POUND G E R M A N MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER J A P A N E S E YEN ITALIAN L I R A JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 11 11 11 31 11 11 11 11 0.09 Dm 54 3.88 -3.23 6.09 3.84 3.55 -6.63 SERIES NAME LAST 7ALUB PLOTTED DATE VALUE CHART 3. G O L D P R I C E IN LONDON, A F T E R N O O N FIXING U . S . DOLLARS PER FINE OUNCE JAN. 1 1 370.95 CHART 4. C A L L MONEY R A S 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 JAN. JAN. JAN. DEC. JAN. JAN. JAN. JAN. JAN. JAN. 11 11 6 9 6 13 6 6 1 13 9.57 9.50 9.06 9.55 5.55 5.51 6.06 12.75 10.30 1.27 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 11 11 11 11 11 11 11 9.47 6.00 6.21 9.82 9.39 3.75 8.44 JAN. JAN. JAN. JAN. JAM. JAN. 11 9.50 9.55 9.61 9-84 10.04 14.41 CHART 5. 3 - M O N T H I N T E R E S T RATES U . S . 90-DAY CD'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 L O A N S 6 D I S C O U N T S C A N A D I A N F I N A N C E PAPER INTERBANK 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 I N T E R E S T R A T E (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. E U R O - D O L L A R D E P O S I T R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 11 11 11 11 11 C H A R T 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 D E P O S I T S U . S . F E D E R A L 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 J A N . 11 JAN. 11 JAN. 11 3 - M O N T H E U R O — D O L L A R DEPOSIT R A T E U . S . 90-DAY C D ' S , SECONDARY M A R K E T DIFFERENTIAL JAN. 11 J A N . 11 J A N . 11 9.50 9.57 •0.0 * 9.84 9.47 0.37 % L A S T V A L U E PLOTTED DATE VALOE SERIES NAME CHART 8. I N T E R E S T A R B I T R A G E , 3 - M O N T H FUNDS EURO-DOLLAR DEPOSIT I N T E R B A N K S T E R L I N G (LONDON), C O V E R E D DIFFERENTIAL JAN. 1 1 J A N . 11 J A N . 11 9.84 9.94 -0.10 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. 1 1 J A N . 11 J A N . 11 9.22 9.91 -0.69 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL JAN. 1 1 J A N . 11 JAN. 1 1 9.84 9.94 -0.10 EURO-DOLLAR DEPOSIT S U S S INTERBANK, COVERED DIFFERENTIAL J A N . 11 J A N . 11 J A N . 11 9.84 9.90 -0.06 6 JAN. DEC. 16 OCT. DEC- 23 9 DEC. SEPT. 30 AUG. 6 JAN. 11.79 8.36 7.22 4. 57 12.00 14.05 9.03 9.72 DEC. SEPT. 12.57 10.23 CHART 9. L O N G TERM G O V B R M E N T BOND YIELDS UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE N E T H E R L A N D S (MONTHLY) U N I T E D KINGDOM U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR CHART 10.. BONES STOCK INDICES UNITED STATES UN 11 ED -KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN % JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 4 4 4 4 4 4 4 4 173.75 169.35 253.11 152.55 128.95 163.10 158.28 195.01 'sssUi-. FEDERAL RESERVE statistical release JAWUARY 16, 1984 FOREIGN EXCHANGE RATES .10(512) FOB THE SEEK ENDING W JANUARY 13, 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: CCUNTRY MONETARY OBIT PESO ARGENTINA DOLLAR •AUSTRALIA SCHILLING AUSTRIA FRAWC BELGIUM CRUZEIRO BRAZIL DOLLAR CANADA PESO CHILE YUAW CHINA, P.R. PESO COLOMBIA KROWE DENMARK MARKKA FIWLAWD FRAWC FRANCE D. MARK GERMANY DRACHMA GREECE DOLLAR HCNG KOWG RUPEE INDIA RUPIAH INDONESIA POUND •IRELAND SHEKEL ISRAEL LIRA ITALY YEW JAPAN DOLLAR MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR •NEB ZEALAND KRONE NORWAY SOL PERU PESO PHILIPPINES BSCUDO PORTUGAL DOLLAR SINGAPORE RAWD •50UIH AFRICA HOW SOUTH KOREA PESETA SPAIN RUPEE SRI LANKA KRCWA SWEDEN FRAWC SWITZERLAND DOLLAR TAIWAW BAHT THAILAWD •UNITED KINGDOM POOHD BOLIVAR VENEZUELA MEMO: tfUWITED STATES DOLLAR JAW. 23. 83 91. 08 19. 947 57. 680 998. 00 1. 2523 88. 500 2.0259 88. 500 10.,2400 5«.9815 8,.6400 2,.8290 102,.780 1 .7990 10,.7400 997 .00 109 .63 113 .060 .00 1715. .30 233. .3435 2. 166..0000 3. 1755 64. 850 7. 9450 2298. 74 14. 0500 137. 850 2.,1320 78..60 800 .15 161,.800 25 .180 8 .2200 2 .2520 40 .200 23 . 0 0 0 140 .28 13. 0000 135.62 CI1RBEWCY QUITS PER DOLLAR) JAW. 11 JAW. 10 23.83 90.87 19.835 57.320 998.00 1.2518 88.500 2.0461 89.320 10.1B50 5.9530 8.5970 2.8140 102.300 7.7965 10.7200 997.00 110.05 113.060 1705.00 233.45 2.3405 166.0000 3.1620 64.820 7.9025 2298.74 14.0500 137.500 2.1300 79.00 800.15 161.200 25.180 8.1900 2.2355 40.200 23.900 140.24 13.0000 135.17 OF THE AUGUST 1978 FEDBBSL BESEBVE B011BTIB. •VALUE IS O.S. CBM1S 23. 83 90. 13 20.023 57. 950 998. 00 1. 2523 88. 500 0461 89. 320 10.>2575 5..9690 8..6910 2..8395 102..900 7..7960 10,.7000 997 .00 109,.20 114 .510 .00 1719. .45 234. .3410 .0000 165. .1890 3. 64. 650, 7. 9600 2298. 74 14. 0500 137. 400 2. 1310 79. 15 eoo..15 161. .750 ' 25 .180 8 .2575 2 .2530 40 .200 23 .000 139 .63 13 .0000 2. 2. 136.15 JAW. 12 23.83 90.35 20.005 57.850 998.00 1.2499 88.500 2.0461 89.320 10.2700 5.9905 8.6875 2.8395 103.100 7.7965 10. 7200 997.00 109.33 114.740 1719.00 234.87 2.3430 164.5000 3.1885 64.600 7.9450 2298.74 14.0500 137.650 2. 1320 78.95 800.15 162.000 25.180 8.2530 2.2500 40.200 23.000 139.81 13.0000 136.10 JAW. 13 24 26 90. 75 19 780 57 210 1013 00 1 2473 88 650 2 .0461 89. 740 10.1575 5 9370 5950 2 8080 103 000 7 7950 10 7500 996 00 110 25 114 740 1701.,00 233..40 3405 165..0000 3..1590 64..900 7..8775 2320..65 14..0500 136..500 2,.1300 79,.75 800,.15 160,.900 25 .200 8, 1550 2, 2275 40 200 23 000 141 00 12 9500 8. 2. 134.87
@FedFRASER