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(516/517) ^ fILE ro -:;'E - % *V Selected Interest & Exchange Rates Weekly Series of Charts January 23, 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 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 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 140 120 JAPANESE YEN - - - 100 — 80 I I ,,I, I I I - 140 - 120 - 100 11111111111 i i I u I i i I m 240 120 100 CANADIAN DOLLAR - SWISS FRANC - 200 ^ 80 160 - I 60 I I I I I 11111111111 — 180 160 80 — " M I I I I 11111111111 11111111111 — - - 120 180 — — 160 GERMAN MARK 140 120 W < r - X - r V 100 I I — I I I I I ; I 120 — - - - FRENCH FRANC — U.K. POUND — - 50 ~ l I I I I I , 11111111111 MIMIIIIii , I I I 80 160 — BELGIAN FRANC 80 60 - V v / V * x - I I I I 1982 — — 60 - - 50 40 - I I 70 ITALIAN LIRA 120 100 80 60 - 50 140 100 - 80 60 120 100 11111111111 I 120 100 140 DUTCH GUILDER II I I I I m T m ! 1984 1982 I I I I I I 30 I I I I 1984 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 ITALIAN LIRA CANADIAN DOLLAR V A > X I n I J I I I I I I I I I I I I - rjL J IU. K. POUND K 24 DUTCH GUILDER AI I I I I I I I I I I I 0 I I i i i _ 6 15 SWISS FRANC - GERMAN MARK 6 — - I I I |,, N i l 11 M i l l I I I I I I FRENCH FRANC \ JAPANESE YEN 16 24 I I II II 32 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 I — — 550 600 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 500 450 450 400 400 350 350 300 300 250 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER AL •NT PER ANNUM 28 24 20 24 V 20 A FRANCE 16 U. S. FEDERAL FUNDS zr 16 — 12 8 12 JAPAN 8 i 4 I I I 4 I 0 I 24 24 CANADA 20 20 EURO-SWISS FRANC 16 16 12 12 8 8 NETHERLANDS 4 4 0 0 24 20 20 16 16 + U. K. 2-DAY LOCAL AUTHORITY GERMANY - 8 12 EURO-DM * 4 8 I 4 12 1982 1984 I I I I 1982 0 I 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 22 CANADIAN FINANCE CO. PAPER U.S. CD'S WEIGHTED AVERAGE FOREIGN RATE I I III I M I I I I I I I I 20 • li UJC INTERBANK STERLING 16 e 12 GERMAN INTERBANK RATE \ - 1 8 1 1 1 1 - iiIiiliilii 1 11 SWISS INTERBANK RATE -iy ' —- JAPANESE BANK LOANS AND DISCOUNTS 7 ^ - i 1982 1984 i i 1 1 1982 — 1 1984 20 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 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 FEDERAL FUNDS 18 3-MONTH - 22 - 18 - 14 - 10 EURO-DOLLAR DEPOSITS 14 OVERNIGHT 90-DAY CD' S E U R O - D O L L A R DEPOSITS 10 11 I 11 I i i I 11 #/ / 1 11 11 i 11 i I i i I I I I I I I I I I I IDIFFERENTIAL 2 - DIFFERENTIAL ^ N V Y V X A A 0 i I I 111111111' 1111111111111 1982 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 P E R C E N T ON RATE S C A L E 1984 I i i 1 1 1982 1 11111111111 m 1 M 1111 i i 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 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 12 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER I IIIII - DIFFERENTIAL DIFFERENTIAL i y Mill x — *f/VWvVfyV W v V ^ I ill I I I 4 28 28 SWISS INTERBANK (SF) COVERED 20 INTERBANK DM - 20 - 12 COVERED FRANKFURT 12 i to EURO-DOLLAR D E P O S I T S ^ DASHED LINE EURO-DOLLAR DEPOSITS — D A S H E D LINE i i i i i i I II I I - 11111111111 4 2 DIFFERENTIAL DIFFERENTIAL - A . i i 1982 i ill 11 hill i iiliiliilii 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 P E R C E N T ON RATE S C A L E " i l l A jIA . 1 . 1 1982 1 11111111111 11111111111 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 19 CANADA UNITED STATES 15 - 11 - I 7 I I I I I — 15 UNITED KINGDOM — SWITZERLAND — 11 l l 7 13 l I I I I I l u l u I II MONTHLY GERMANY JAPAN - 9 - 22 I I 5 U. S. CORPORATE I MONTHLY FRANCE 18 A M BONDS 14 EURO-DOLLAR BONDS ^ 10 NETHERLANDS MONTHLY 6 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969-100 RATIO SCALE 1969=100 UNITED STATES JAPAN UNITED KINGDOM GERMANY FRANCE SWITZERLAND NETHERLANDS CANADA LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES MEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 18 18 18 18 18 18 18 18 18 35. 57 0..42755 31..62 141.04 80..15 11.63 44. 77 1.74359 0.05864 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 18 18 18 18 18 18 18 18 18 100.06 111.95 90.77 57.05 79.88 52.40 144.03 68.71 33.31 18 18 18 18 18 18 18 18 18 18 18 135.05 132.80 147.88 116.11 69.87 101.29 63.32 185.64 86.40 39.51 67.64 18 18 18 18 18 18 18 18 0.02 0.43 3.73 -3.58 6.15 3.69 3.53 -7.06 INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 <G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JAN. JAN. JAN. JAN. JAM. JAN. JAN. JAN. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE III LONDON, AFTERNOON FIXING U.S. DOLLARS PES FINE OUNCE JAN. 18 369.47 JAN. JAN. JAN. DEC. JAN. JAN. JAN. JAN. JAN. JAN. 18 18 13 9 13 20 13 13 1 20 9..50 9.44 8.75 9.55 5.60 5.55 6.,13 12.88 10.30 1.,60 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 18 18 18 18 18 18 18 9.36 6.11 6.19 9.83 9.46 3.63 8.50 JAM. JAM. JAN. JAN. JAM. JAN. 18 18 18 18 18 18 9.44 9.50 9.55 9.75 9.98 10.34 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JAM. 18 JAN. 18 JAN. 18 9.44 9.50 — 0.06 3-MONTH EURO-DOLLAR DEPOSIT RATE G.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JAN. 18 JAM. 18 JAN. 18 9.75 9.36 0.39 CHART 4. CALL HONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EUBO-DOLLAB DEPOSITS O.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EUSO-SaiSS FRANC CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (6-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MCNTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO—DOLLAR DEPOSIT I N T E R B A N K STERLING (LONDON), COVERED DIFFERENTIAL JAM. 18 JAN. 18 JAM. 18 9.75 9.90 -0. 15 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAfEfi, COVERED DIFFERENTIAL J A N . 18 JAN. 18 JAN. 18 9.15 9.85 -0.70 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JAN. 18 JAN. 18 JAM. 18 9.75 9.90 -0.15 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL JAN. 18 J A N . 18 JAN. 18 9.75 9.83 -0. 08 13 16 11.71 8.36 7.22 4.57 12.00 14.05 9.03 9.72 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM JAN. DEC. OCT. DEC. DEC. SEPT. AUG. JAN. 23 9 30 6 U.S. CORPORATE AAA BONDS EURO-DOLLAR BONDS CHART 10. 12.57 10.29 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN DEC. NOV. JAN. JAN. JAN. JAN. JAB. JAM. JAN. JAN. 1 1 1 1 1 1 1 1 FEDERAL RESERVE statistical release H l0 - <512> FOREIGN EXCHANGE RATES FOB THE WEEK ENDING JANUARY 23, 1984 JANUARY 20, 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 JAN. 16 ARGENTINA •AUSTRALIA AUSTRIA BIL6IUH BRAZIL CANADA CBI1B CHINA, P.fi. COLOMBIA DBMBARK FINLAND FRANCE GERMANY GREECE BONG KONG INDIA INDONESIA •IRELAND ISRAEL ITALY JJtPAN MALAYSIA MEXICO NETHERLANDS •NEW ZEALAND NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE RUPIAH POUND SHEKEL LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE SOL PESO ESCUDO DOLLAR RAND WON PESETA BUPEB KRONA FRANC DOLLAR BART POUND BOLIVAR 24..26 90..55 19..720 57.120 1013..00 1.,2448 88..650 2..0461 89..740 10..1400 5..9330 8..5570 2..7980 102.250 7..7945 10,.7000 996.00 110..68 114.,740 1697..00 233..30 2..3415 166..0000 3..1472 65..000 7..8625 2320..65 14.0500 136.300 2.1300 80.15 800.15 160.,070 25.200 8.1745 2.2220 40.,200 23..000 141.95 12.9500 SUNIIED STATES DOLLAR COUNTRY 131.47 (CURRENCY UNITS PER DOLLAR) JAN. 18 JAN. 17 24. 26 90. 30 19. 800 57. 350 1013. 00 1. 2481 88. 650 2. 0461 89. 740 10. 1630 5. 9030 8. 5900 2- 8085 101. 800 7. 7960 10. 6900 996. 00 110. 40 116. 770 1706. 00 234. 28 2. 3410 165. 5000 3. 1595 64. 850 7. 8400 2320. 65 14. 0500 135. 000 2. 1310 79. 95 800. 15 158. 900 25. 200 8. 1800 2. 2365 40. 200 23. 000 141. 05 12. 9500 135.03 24.26 90.05 19.783 57.240 1031.00 1..2485 88.650 2.,0563 89.740 10., 1525 5.9395 8.5740 2.8030 102.950 7.7990 10.7200 996.,00 110. 35 116.,770 1703.,25 233.60 2.,3420 165.,0000 3., 1590 64. 820. 7. 8400 2320. 65 14.,0500 135. 800 2.. 1310 79. 95 800. 15 159.,900 ' 25.,200 8. 1730 2. 2325 40. 200 23. 000 141. 40 12.,9500 134.80 JAN., 19 JAN.. 20 24. 26 90.08 19.655 56.980 1031.00 1.2466 88.650 2.0563 89.,740 10.1250 5.,9165 8.5450 2. 7925 102.,500 7. 7975 10.,7300 996.,00 110.,90 117. 880 1700. 00 233. 35 2.,3405 165. 2500 3., 1425 64. 950 7. 8230 2320. 65 14. 0 5 0 0 135. 000 2. 1305 80. 15 800. 15 158. 800 25. 200 8. 1580 2. 2230 40. 200 23. 000 141. 80 12.,9500 25.38 90..22 19..902 57..570 1031.00 1.2472 88.700 2.0563 90.170 10.2150 5..9300 8.6300 2.8205 103..050 7.7955 10..7000 995.00 109,.90 118.460 1713.50 234.50 2..3415 166.0000 3.1715 64.700 7.,8650 2342.55 14..0500 135.750 2., 1315 79.25 798,60 159.000 25.200 8. 1950 2.2405 40.200 23.000 140.05 12.9500 134.40 135.51 tINDEX OF WEIGHTED AVERAGE EXCHAIGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES PLUS SWITZERLAND. MARCH 1973 = 1 0 0 . WEIGHTS ARB 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. •VALUE IS U.S. CUNTS
@FedFRASER