The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
3 - c/(/0
(516/517)
—
-
*•
DATA FILE
LIBRARY
FEDERAL RESERVE BANK
OF CHICAGO
?
-'vv
E
Y
*&$
% ^
W
Selected Interest &
Exchange Rates
Weekly Series of Charts
| January 22, 1985
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
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
SUBSCRIPTION RATES:
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.
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
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
CANADIAN DOLLAR
SWISS FRANC
GERMAN MARK
DUTCH GUILDER
FRENCH FRANC
U.K. POUND
-
80
70
60
50
11111111111
BELGIAN FRANC
100
-
ITALIAN LIRA
- \ A
80
\. !
I ^
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 AL
:ENT PER ANNUM
6
CANADIAN DOLLAR
—
-
ITALIAN LIRA
-
-
+
0
\l
—
—
-
II I I I I II I II
6
6
—
A
U. K. POUND
-
DUTCH GUILDER
+
0
-
6
I
I
I
I I I I I I I II II II II I I I I I I I
12
GERMAN MARK
-
SWISS FRANC
\
-
6
-
-
0
8
FRENCH FRANC
+
0
JAPANESE YEN
8
16
24
I
32
1983
1985
I
I
II
1983
1985
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. D .LARS PER FINE OUNCE
U.S. DOLLARS PER FINE <
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
i i I i i I i i I i i I i i I i i I i i I i
240
1982
1983
1984
1985
240
e
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
24
24
20
FRANCE
- p S
U. S. FEDERAL FUNDS
16
r
-
WxV\A J
-
12
-
8
-
4
11111111111
0
-
JAPAN
-
I
I
I
I
I
I
11111111111
24
—
EURO-SWISS
FRANC
-
20
-
16
-
12
-
-
8
-
-
4
-
—1\
CANADA
Ajn
Lh
NAM
+
0
I
|
|
|
|
|
III, I hill I
4
20
20
16
16
-
U. K. 2-DAY LOCAL AUTHORITY
12
~~
\
-
f\
-
12
-
8
-
4
GERMANY
8
-
-
4
-
-
0
EURO-DM
I
I
I
I
I
1983
I
I I I I I I I I I I I
1985
1983
1985
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
NT PER ANNUM
PERCENT PER Ah
18
20
16
18
14
16
12
CANADIAN FINANCE CO
PAPER
14
10
12
8
10
6
WEIGHTED AVERAGE
FOREIGN RATE
8
6
4
18
14
16
12
GERMAN INTERBANK RATE
14
10
U.K. INTERBANK STERLING
12
8
10
6
8
4
11
12
10
10
8
9
SWISS INTERBANK RATE
8
JAPANESE BANK
LOANS AND DISCOUNTS
6
7
4
6
2
0
5
1983
1985
1983
1985
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
ENT PER ANNUM
PERCENT PER AL
24
20
OVERNIGHT
3-MONTH
16
12
8
4
24
20
6-MONTH
16
12
8
4
24
20
1-MONTH
16
12
8
4
1-YEAR
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
20
22
20
FEDERAL FUNDS
DASHED LINE
3-MONTH
EURO-DOLLAR DEPOSITS
OVERNIGHT
E U R O - D O L L A R DEPOSITS
90-DAY CD' S
3
3
DIFFERENTIAL
DIFFERENTIAL
2
1
+
0
1
2
1963
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
1985
1983
1985
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PFP ANNUM
22
22
18
-
-
14 L
10
\
EURO-DOLLAR DEPOSITS
V
DASHED LINE
CANADIAN FINANCE
CO. PAPER, COVERED
-
V
-
I
INTERBANK STERLING
COVERED LONDON
6
l
2
|
U. S. COMMERCIAL PAPER
ulii hilli
|
DIFFERENTIAL
DIFFERENTIAL
fV/ WAATyV
I I I I I I I
1L
2
22
18
14
/Wi
r
SWISS INTERBANK (SF) COVERED
l
INTERBANK DM
J
COVERED FRANKFURT
.
P^\
10
\
—
m
V
|
EURO-DOLLAR DEPOSITS
—
EURO-DOLLAR DEPOSITS
LDASHED LINE
I
I
DASHED LINE
I
I I I I I I I I I I I
DIFFERENTIAL
DIFFERENTIAL
I I I Hull I I I
1983
1985
1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON RATE S C A L E
I
I
I
I I I I I I I I I I I
I
1983
1985
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
ENT PER ANNUM
PERCENT PER AL
19
19
UNITED STATES
15
CANADA
"My/
|
-
11
15
11
-
-
7
7
15
9
UNITED KINGDOM
SWITZERLAND
—
—
11
5
—
7
13
I
I
I
1
13
MONTHLY
GERMANY
-
JAPAN
-
9
9
-
5
5
22
22
U. S. CORPORATE
MONTHLY
-
-
18
18
FRANCE
Aaa BONDS
-
14
14
-
—
NETHERLANDS
MONTHLY
10
to
-
6
I
I
I
I
I
I
1983
I
I
1985
I
I
I
I
1983
I
I I I I I I I I I I I
1985
6
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
240
240
200
-
UNITED STATES
—
-
180
-
.
—
—
160
-
-
-
140
-
S
tW
-
120
l
200
—
180
—
r
I
-
ii li, h i l i i i ill i h i l i i
/
A J
I
I
I
A
y V
-
f
/A
l
180
160
-
120
—
-
I
-
—
I
I
I
—
-
A
SWITZERLAND
-
A /
-
-
jV
-
GERMANY
—
90
-
—
80
-
—
I
320
—
280
~
240
—
120
~~
-
M h i h i h i1111111,111
l
100
70
—
-
/
-
110
140
I
—
—
—
-
80
70
160
J
—
~
-
JLA/
-
100
I
—
FRANCE
—
120
I
I
I
I
I
I
M
h i h I II I11 h iIt i h i
-
I
I
I
—
-
CANADA
j
JAPAN
M
r1
200
—
180
—
160
-
140
—
i
i
I
1
1
1983
1
i,|i,|i,|,| 111 illii111
1985
1983
200
180
Y\i
y
NETHERLANDS
140
120
. A
I
—
160
140
[J
+A/
—
100
90
UNITED KINGDOM
1985
LAST VALUE PLOTTED
DATE
VALOE
SERIES SAME
CHART
1. S P O T E X C H A N G E B A T E S AND I N D I C E S
WEEKLY
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 G U I L D E R
U.K. P O U N D
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 L I R A
S W E D I S H KRONA
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 V A L U E 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 )
1973 =
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
16
16
16
16
16
16
16
16
16
31.52
0.39290
27.91
112. 12
75.57
1 0. 29
37. 55
1.57411
0.05128
10.98
, PREMIUM OR
88.67
102.88
80. 11
45.35
75.32
46.37
120.81
62.03
29. 13
100
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
U.S. DOLLAR
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
ITALIAN LIRA
S W E D I S H KRONA
C A N A D I A N DOLLAR
U.K. P O U N D
G E R M A N MARK
F R E N C H FRANC
SWISS F R A N C
DUTCH GUILDER
J A P A N E S E YEN
ITALIAN L I R A
16
16
16
16
16
16
16
16
16
16
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 FRANC
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
16
16
16
16
16
16
16
16
16
16
16
153.05
129.28
150.21
112.87
60.46
105.71
61.67
171.45
86.06
38.02
67.08
DISCOUNT
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
16
16
16
16
16
16
16
16
-1.27
-2.82
2. 53
-2.31
3,34
2.42
2. 11
- 5 . 85
L A S T V A L U E PLOT T EI
DATE
VALUE
SERIES NAME
CHART
3. G O L D
U.S.
P R I C E IN L O N D O N , A F T E R N O O N F I X I N G
JAN.
DOLLARS PES FINE OUNCE
C H A R T 4. C A L L
MONEY
16
302.31
RATES
U.S. F E D E R A L F U N D S
OVERNIGHT EURO-DOLLAR DEPOSITS
U. K.
CANADA
GERMANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC
J A N . 16
J A N . 16
J A N . 18
J A N . 11
J A N . 18
J A N . 18
J A N . 18
J A N . 18
1
JAN.
J A N . 18
8.23
8.03
12.13
10.02
5.40
5.51
6. 06
10.44
10. 30
2. 85
J A N . 16
J A N . 16
J A N . 16
J A N . 16
J A N . 16
J A N . 16
J A N . 16
8. 12
5. 85
6.25
9. 69
11.36
4.90
8.37
16
16
16
16
16
16
8.03
8. 08
8. 10
8.35
8.81
9. 58
JAN.
JAN.
JAN.
16
16
16
8.03
8. 23
-0.20
JAN.
JAN.
JAN.
16
16
16
8.35
8. 12
0. 23
C H A R T 5. 3 - M O N T H I N T E R E S T R A T E S
U.S. 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T
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 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 INTERBANK 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 P L U S S W I T Z E R L A N D )
C H A R T 6.
EURO-DOLLAR
DEPOSIT RATES: LONDON
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
C H A R T 7. S E L E C T E D E U R O - D O L L A R
OVERNIGHT EURO-DOLLAR
U.S. F E D E R A L F U N D S
D I F F E R E N T I A L ADJ. FOR
AND U . S .
MONEY M A R K E T R A T E S
DEPOSITS
RESERVE REQUIREMENTS
3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T
DIFFERENTIAL
SERIES
C H A R T 8. I N T E R E S T
LAST VALUE PLOTTED
DATE
VALUE
NAME
ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), C O V E R E D
DIFFERENTIAL
U . S . C O M M E R C I A L PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
EURO-DOLLAR DEPOSIT
I N T E R B A N K DM ( F R A N K F O R T ) , C O V E R E D
DIFFERENTIAL
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, COVERED
DIFFERENTIAL
CHART
9. L O N G
TERM G O V E R M E N T B O N D
UNITED STATES
GERMANY
J A P A N (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
JAN.
JAN.
JAN.
16
16
16
8.35
8.46
-0.11
JAN.
JAN.
JAN.
16
16
16
8.00
8 . 39
-0.39
JAN.
JAN.
JAN.
16
16
16
8.35
8.42
- 0 . 07
JAN.
JAN.
JAN.
16
16
16
8.35
8.28
0. 07
YIELDS
J A N . 18
J A N . 11
DEC.
4
JAN.
JAN. 1 1
J A N . 18
AUG.
J A N . 11
1 1.49
7. 17
6.36
4.68
11.52
12. 23
8. 50
10. 12
jJEC.
\2*
10.^9
U.S. C O R P O R A T E
AAA B O N D S
EURO-DOLLAR
CHART
10.
STOCK
BONDS
N 0 V e
INDICES
UNITED
STATES
™ I " ?
K I 8 G D 0
"
9
JA«:
I
233:65
i =
11 i i
j a p h
" » •
9
2
'
5
-
6 ! l
FEDERAL RESERVE statistical release
H.10 (512)
I###
JABUABI
18,
1985
FOREIGN EXCHANGE RATES
FOR T H E SEEK
EHDIIG
JABUABY
18, 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 In foreign currencies:
COUBTBY
BOBETABY
OBIT
DOLLAR
SCHILLING
FRABC
CRUZEIRO
DOLLAR
TUAB
KBOBB
flABKKA
FBABC
D. B A R K
DBACHHA
DOLLAR
BUPEB
POUBD
SHEKEL
LIBA
YEB
BIBGGIT
PESO
GUILDEB
DOLLAB
KBOBB
PESO
ESCUDO
DOLLAB
BABO
BOB
PESETA
BUPEB
KBOBA
SWEDE!
FRABC
SWITZERLAND
DOLLAR
TAIWAB
J3AHT
THAILAND
•UNITED KINGDOM POUBD
BOLIVAR
VENEZUELA
•AUSTBALIA
AOSTBIA
BELGIOH
BRAZIL
CABADA
CHIBA,P.B«
DEBBARE
FIBLABD
FRABCE
GEBHABY
GREECE
HOBG K O B G
INDIA
•IRBLABD
ISRAEL
ITALY
JAPAB
MALAYSIA
MEXICO
NETHERLANDS
• NEW Z E A L A B D
NORWAY
PHILIPPINES
PORTUGAL
SINGAPORE
• S O U T H AFRICA
SOUTH KOREA
SPAIB
SRI LABKA
MEMO:
#UNITED STATES
DOLLAR
JAB.
14
CPBBgrer W I
J A B . 15
S PSB DQLLAB1
JAB.
16
81.84
22.405
63.830
3318.00
1.3246
2.8167
11.4150
6.6750
9.7650
3.1900
129.900
7.7980
12.6700
97.45
BA
1955.00
254.95
2.4930
223.5000
3.6030
46.990
9.2400
NA
173.500
BA
81.51
22.398
63.710
3318.00
1.3246
2.8167
11.4050
6.6725
9.7500
3.1855
130.050
7.7980
12.7000
97.70
BA
1952.00
254.70
2.4935
224.5000
3.5990
46.990
9.2375
BA
173.750
2.2015
43.50
833.30
176.050
26.372
9.1525
2.6805
39.370
27.420
111.95
BA
153.89
153.47
153.64
81.71
22.425
63.920
3318.00
1.3248
2.8167
11.4300
6.6940
9.7750
3.1930
129.050
7.8030
12.6300
97.50
NA
1960.00
255.40
2.4945
227.5000
3.6050
46.910
9.2360
BA
173.750
2.2030
44.35
832.30
176.000
BA
9 . 1445
2.6770
39.380
27.300
111. 10
2.2000
43.75
834.30
175.850
26.372
9.1400
2.6765
39.360
27.420
111.70
BA
JAB.
17
J A B . 18
22.345
63.700
3318.00
1.3272
2.8167
11.3825
6.6640
9.7500
3. 1830
130.000
7.7980
12.6700
97.65
BA
1953.00
254.55
2.4935
224.0000
3.5965
47.010
9.2225
BA
173.750
2.1995
42.90
833.70
175.760
26.372
9.1450
2.6790
37.340
27.350
111.87
BA
81.82
81.48
22.345
63.740
3318.00
1.3273
2.8167
11.3850
6.6580
9.7450
3. 1835
129.600
7.7980
12.6700
97.70
NA
1955.00
254.58
2.4925
224.5000
3.5950
47.020
9.2100
NA
173.250
2.1980
43.00
833.30
175.650
26.372
9.1475
2.6815
39.320
27.350
111.95
BA
153.46
153.41
# I N D E X OF W E I G H T E D A V E R A G E E X C H A B G B 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 B C I E S O F O T H E R G-11
C O U N T R I E S . M A R C H 1973 = 100. W E I G H T S A R B 1972-76 G L O B A L T R A D E OF EACH
O F T H E 10 C O U N T R I E S ,
S E R I E S R E V I S E D AS OF A U G U S T 1978. FOB D E S C B I P T I O B AND BACK D A T A , S E E " I N D E X OF THE
W E I G H T E D - A V E B A G B E X C H A N G E V A L U E OF T H E U . S . D O L L A B : B E V I S I O B " O B P A G E 700 O F T H E AUGUST
1978 F E D E R A L B B S E B V B B U L L E T I N .
• V A L U E IS U . S . C E B T S
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