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5 l i b r a r y (616/517) FEB 0 2 m . ? Selected Interest & Exchange Rates Weekly Series of Charts Januaiy 26,1987 Prepared by the FINANCIAL MARKETS SECTION S a t T o n a l F.NANCE 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 ; CALE MARCH 1 9 7 3 = 1 0 0 200 180 RATIO ICALE MARCH 197 5=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 50 45 ITALIAN LIRA 160 40 140 35 120 30 100 25 200 200 180 160 180 JAPANESE YEN GERMAN MARK 160 140 140 120 120 100 100 80 80 140 120 140 DUTCH GUILDER CANADIAN DOLLAR 120 100 100 90 90 80 80 70 70 60 60 90 80 90 — UK. POUND - 80 FRENCH FRANC 70 70 60 - 50 60 50 I 40 I I I I I I 40 120 240 BELGIAN FRANC SWISS FRANC 100 z^Vv 200 :180 ' 90 80 160 70 — 60 120 50 140 I 1985 1987 I I I I I 1985 I 100 1987 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER AF 4 JAPANESE YEN CANADIAN DOLLAR + 0 — 4 8 4 I I I I I I — U. K. POUND SWISS FRANC + 0 4 r*\ 8 8 I I I I I - I GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 + 0 4 4 + 0 4 8 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY ILLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 480 460 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 400 380 360 340 320 300 280 I I I I I I I I I I I I 1984 1985 1986 1987 260 CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER M 16 FRANCE 12 U. S. FEDERAL FUNDS - 8 W \ v ^ ^ 4 JAPAN 0 I I I I I V ,! I 16 CANADA 12 8 GERMANY 4 0 I I I I I I I 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 1985 1987 1985 1987 : CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 14 CANADIAN FINANCE CO. PAPER u. s . CD'S 12 - 10 - 14 \ > WEIGHTED AVERAGE FOREIGN RATE U . I 16 I I I I 12 - 10 - 8 . \ - 4 - I I I l I i i i l i i l i i l n i lllllllllll 6 14 — — FRENCH INTERBANK RATE U.K. INTERBANK STERLING 14 - 12 1 — 12 - - 10 10 - - 8 x r i 8 | i U I I I IIIIIIIIII I I I l I l lllllllllll I 6 10 10 NETHERLANDS INTERBANK RATE - GERMAN INTERBANK RATE / I # 8 I I I I i ill i h i l l i I I I \ A -vV I 8 — JAPANESE GENSAKI RATE A i 7 SWISS INTERBANK RATE - 6 /JV v \ • • 6 • \ - 5 \ - 4 I I - 1985 1987 . v v . 4 V - - I I s - I I i i 1985 i lllllllllll 1987 2 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER AL 14 OVERNIGHT 3-MONTH 12 10 8 6 4 14 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 10 8 6 4 14 12 10 8 6 4 1985 1987 1985 1987 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 12 FEDERAL FUNDS 90-DAY CD' S DASHED LINE D A S H E D LINE 12 10 10 4 ' I I OVERNIGHT 3-MONTH E U R O - D O L L A R DEPOSITS E U R O - D O L L A R DEPOSITS I I I 111111111111 I I I I 11 I I I I I I I I I I I I I I •ill. 4 2 2 DIFFERENTIAL DIFFERENTIAL i I I I I I I I I I I I M 1 I I I I M I I I I I I I I I I I 1985 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 1987 I I 1985 I | 1 1 1 1 1 1 i i 111 + 0 r 11111111111 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 14 10 10 EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE I I DIFFERENTIAL 2 I I I I DIFFERENTIAL I I 2 18 14 18 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE J_L M i l l DIFFERENTIAL 1 PERCENT ON DIFFERENTIAL + 0 1985 1987 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 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES NT PER ANNUM PERCENT PER AL 16 — UNITED STATES CANADA - 14 12 10 6 I IIIIIIIIII 6 9 UNITED KINGDOM 7 SWITZERLAND 5 3 1 —I 10 GERMANY JAPAN 8 6 I U.S. CORPORATE I I l l I 4 17 MONTHLY FRANCE Aaa BONDS 15 13 11 NETHERLANDS MONTHLY 9 7 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCAL 1969=100 RATIO SCALE 1969=100 450 400 — 350 — - - __ - - - - — - 300 250 „ UNITED STATES 200 150 — 450 400 - 350 - 300 - 250 - 200 - 150 — - i 100 M i L i 11111111111 i - UNITED KINGDOM /X/\ J AJ r" 11111111111 i i ^ 11111111111 100 i — — — — 315 280 350 - — — - 245 300 - - - - 210 - 175 - 140 - 105 mIMMM 70 450 400 250 200 — — __ NETHERLANDS J SWITZERLAND / - 150' —/>VS/VAZ 450 400 A - - i 100 — i - i i i - I 11111111111 i I I I I I iilnliilii — — 450 400 — - 350 - 300 - 250 - 200 - 150 — - - a AvT 350 — 300 FRANCE 250 - J A y \ __ GERMANY fJ - 200 A^/N J** 150 100 I I I I MMMM I I 450 400 I I I I I I I,, 11111111111 — — A N / JAPAN - „ CANADA 300 - 250 250 200 . 200 150 100 450 400 350 350 300 100 H - I I I I I 1985 I I 1987 I I I I 1985 I iiliiliilii 1987 150 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE BATES AND INDICES WEEKLY AVERAGES, NOON BOXING BATES (U.S. CENTS) GERMAN NARK JAPANESE YEN DUTCH GUILDER U. K. POUND CANADIAN DOLLAR FRENCH FRANC SBISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 21 21 21 54.25 0.65192 48.12 151.42 73.50 16.24 64.68 2.61593 0.07626 15. 19 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 21 21 152.62 170.69 138.14 61.24 73.26 73.18 208.08 103.08 43.32 21 21 21 21 21 21 21 21 21 21 21 100. 45 166.52 182. 72 141. 81 58. 43 71. 78 70. 88 213. 30 103. 63 40. 79 66. 59 21 21 21 21 21 21 21 21 -1.88 -4.64 1.70 -2.97 2.49 0.61 2.03 -4.52 INDICES, HARCH 1973 BASE BATES = 100 GERMAN HARK JAPANESE TEN DUTCH GUILDER 0. Km POUND CANADIAN DOLLAR FRENCH FRANC SBISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLCS SWITZERLAND) U. S. DOLLAR GERMAN MARK JAPANESE XEN 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 08 DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE XEN ITALIAN LIRA JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING 0. S. DOLLARS PER FINE OUNCE JAN. 21 415.43 4. CALL MONEY RATES JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 21 21 6.01 5.91 , 11.04 8. 13 4. 09 3.92 9.06 6.15 1.00 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 21 21 21 21 21 21 21 5.83 4. 40 4.30 7. 97 10. 94 3.57 8.33 5.46 6.63 JAN. JAN. JAM. JAN. JAN. JAN. 21 21 21 21 21 21 5.91 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 5.91 6.01 •0.10 3-MONTH EURO—DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 5. 83 0. 25 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 SATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK SATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-HONTH 3-MONTH 6-MO NTH 1-YEAR 6.01 6. 09 6.08. 6.00 6.06 CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 6.08 S E M E S MAMS LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MOMTH FUNDS EURO-DOLLAR DEPOSIT IMT-BRBAMK STERLING (LONDON), COVERED DIFFERENTIAL JAW. 21 JAN. 21 JAN. 21 6.08 6.17 -0.09 O.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 5.80 6.05 -0.25 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 6.08 6.12 -0.04 EURO-DOLLAR DEPOSIT S U S S INTERBANK, COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 21 6.08 6.09 -0.01 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM JAM. JAN. JAN. JAN. JAN. JAM. OCT. JAM. 16 16 16 9 9 16 16 7.07 5.78 4.54 4. 12 9.12 9. 56 6.22 9. 72 U.S. CORPORATE AAA BONDS CHART 10. 9.13 STOCK INDICES UNITED STATES m i , B » S i ™ JUNE EXMDO. t A , e s « • - JJ » ll '.I JAN. 1* lulu 422.02 FEDERAL RESERVE statistical release H.10(512) JANUARY 23, 1987 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 23, 1967 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: COUNTRY MONETARY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS •NEW ZEALAND NORWAY PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR JAN. 19 H 0 L I D A Y 0.25 (CURRENCY UNITS PER DOLLAR) JAN. 20 JAN. 21 66.31 12.940 38.220 15.59 1.3589 3.7314 6.9800 4.6000 6.1410 1.8385 133.950 , 7.7550 13.0500 144.80 1309.00 152.68 2.5560 2.0720 53.750 7.1200 141.750 2.1350 48.40 861.40 129.200 28.585 6.5710 1.5415 NA 25.900 152.00 100.18 66.17 12.990 38.340 15.83 1.3570 3.7314 7.0150 4.6200 6.1630 1.8475 134.500 7.7550 13.0700 144.25 1313.50 153.95 2.5570 2.0825 53.850 7.1350 142.300 2.1475 48.00 861.80 129.800 28.592 6.5920 1.5510 35.190 25.920 151.70 100.58 JAN. 22 JAN. 23 65.93 12.755 37.650 15.99 1.3573 3.7314 6.8790 4.5450 6.0610 1.8145 132.300 7.7550 13.0200 146.38 1291.50 151.90 2.5500 2.0460 53.730 7.0470 141.000 2.1355 48.55 862.20 128.400 28.592 6.5050 1.5225 35.170 25.920 153.20 66.15 12.815 37.850 15.99 1.3590 3.7314 6.9270 4.5690 6.0960 1.8260 132.400 7.7600 13.0400 145.30 1297.00 153.08 2.5530 2.0590 53.830 7.0820 142.000 2.1420 47.90 861.80 128.900 28.600 6.5380 1.5370 35.160 25.930 152.05 99.16 99.75 COUNTRIES. MARCH 1973 = 100. HEIGHTS ARE 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. CENTS
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