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DATA T 1 #
LIBRARY
FEDERAL RESERVE
Q£ CHICA60
Selected Interest &
Exchange Rates
Weekly Series of Charts
{January 30, 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
160
JAPANESE YEN
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
140
-
120
-
100
100
80
I
I
I
I
I
I
I I | | | | | M| l|n|l |n l M
*
— 1 240
—
120
_
CANADIAN DOLLAR
100
SWISS FRANC
X/
80
#
60
I
I
1
1
1
1
1
1 11 1 1 | 1 1 lllllllllli
11 |
1
1
1
1
200
—
160
V V A/
' ~ W\JU
120
1
—
-
GERMAN MARK
180
160
140
<
DUTCH GUILDER
_ XT
X w v
120
V v < V
100
iiiMiiiiiiriiiiiini.il
120
100
FRENCH FRANC
U.K. POUND
80
60
50
80
70
ITALIAN LIRA
BELGIAN FRANC
60
50
40
30
lllllllllllllllt
1982
1984
1982
1984
CHART 2
3 - M O N T H FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
ICENT PER ANNUM
24
—
—
ITALIAN LIRA
-
CANADIAN DOLLAR
III
24
I I
#
%
K
U. K. POUND
C)UTCH GUILDER
1
1
1
1
1
6
1
15
—
A
SWISS FRANC
GERMAN MARK
ft"
.
-
l
I
1
I
l
1
lull,
I
1
1
1
1
1
n l ii hili i
FRENCH FRANC
JAPANESE YEN
1982
1984
1982
1984
1
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 -
500
450 -
450
400 -
—
350 -
400
350
300 -
-
250
300
250
1981
1982
1983
1984
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
28
24
24
-
-
20
Y
20
V
yA
-
8
-
4
FRANCE
-
U. S. FEDERAL FUNDS
16
12
A
^
16
lr
-
JAPAN
-
I
I
I
I
I
I
iilnliilii
Illllhllll
I
| |
I
I
I
CANADA
EURO-SWISS
FRANC
NETHERLANDS
U. K. 2-DAY LOCAL AUTHORITY
GERMANY
EURO-DM
111llll1111
1982
1984
1982
1984
12
»
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
U.K. INTERBANK STERLING
GERMAN INTERBANK RATE
SWISS INTERBANK RATE
-
V
-
8
-
4
JAPANESE BANK
LOANS AND DISCOUNTS
\
-
I
I
I
I
I
1982
I
I I I I I I I I I I I
1984
1982
1984
CHART 6
EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
24
24
3-MONTH
OVERNIGHT
6-MONTH
7-DAY
24
—
-
-
1-MONTH
1-YEAR
~
-
—
-
I
1984
16
i
8
-
1982
20
I
I
I
I
1982
I
i ill i hill i 4
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
EURO-DOLLAR DEPOSITS
14
OVERNIGHT
10
EURO-DOLLAR DEPOSITS
90-DAY CD S
_LL
i\
111II111111
III I I
I I I I II
DIFFERENTIAL
4\YVJK
DIFFERENTIAL
/wWwi
0
I I I I I I I I II I I I I I I I I
1982
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1984
i
1
1982
1
11 11 I 1111 11 I I I I I I I I I 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
S
28
EURO-DOLLAR DEPOSITS
20
20
DASHED LINE
CANADIAN FINANCE
CO. PAPER, COVERED
12
12
INTERBANK STERLING
COVERED LONDON
U. S. COMMERCIAL PAPER
I
I
11 III I
DIFFERENTIAL
—
DIFFERENTIAL
I
X'X N/
—
V
Q /
2
illl
x
~l
W v ^
I
I
rfAyWvf/V
I
I
\/zv4-/Vvw
I
4
28
28
20
SWISS INTERBANK (SF) COVERED
INTERBANK DM
COVERED FRANKFURT
12
i
y\
EURO-DOLLAR DEPOSITS^.
EURO-DOLLAR DEPOSITS
20
-
12
DASHED LINE
—DASHED LINE
-
I
I
I
DIFFERENTIAL
I
1982
iili Mi ill i Illllllllll
I
DIFFERENTIAL
A f*A
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 PERCENT ON RATE S C A L E
-
A
I
^ V v A y / ^ V ^ "
I
I
I
1982
I
I I I I I I II I I I
1984
#
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
ENT PER ANNUM
PERCENT PER AL
19
19
CANADA
UNITED STATES
15
-
11
15
11
-
I I I I I III I I II
7
15
I
I
7
—
9
—
UNITED KINGDOM
SWITZERLAND
11
5
—
I
7
13
I
I
I
I
I
1
13
MONTHLY
GERMANY
JAPAN
-
9
9
-
5
22
I
I
I
J_L
U. S. CORPORATE
I
I
I
I
I
I
5
22
MONTHLY
FRANCE
18
18
Aaa BONDS
14
14
EURO-DOLLAR BONDS
10
^
V
10
NETHERLANDS
MONTHLY
6
6
1982
1984
1982
1984
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
iCALE
1969:
RATIO
196
00
220
180
UNITED STATES
JAPAN
-
—
140
-
100
I
I
I
200
160
UNITED KINGDOM
GERMANY
120
80
170
130
FRANCE
SWITZERLAND
90
-
70
I
I
I
I
I
I
180
140
NETHERLANDS
CANADA
100
80
-
60
I I I lllllI I I
1982
1984
I
I
I
I I I I I I I I I I I
1982
1984
LAST VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART 1. SPOT EXCHANGE RATES AND INDICES
MEEKLY AVERAGES, NOON BUYING RATES
(U.S. CENTS)
GERMAN HARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
INDICES, MARCH 1973 BASE RATES =
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.
25
25
25
25
25
25
25
25
25
35.,53
0.,42726
31.,58
140. 44
80. 19
11.,62
44.,68
1.,74104
0.05843
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
25
25
25
25
25
25
25
25
25
99.94
111.87
90.65
56.80
79.93
52.35
143.73
68.61
33.19
25
25
25
25
25
25
25
25
25
25
25
135.25
132.78
147.96
116.09
69.63
101.47
63.34
185.47
86.38
39.40
67.84
25
25
25
25
25
25
25
25
0.02
0.48
3.82
-3.45
6.15
3.69
3.53
-7.27
100
WEIGHTED A V E R A G E EXCHANGE VALUE INDICES, MAR 1973 = 100
(G-10 COUNTRIES PLUS SWITZERLAND)
U.S. DOLLAR
G E R M A N MARK
J A P A N E S E 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-HONTH FORWARD EXCHANGE RATES, PREMIUM O S DISCOUNT
CANADIAN DOLLAR
U.K. POUND
GERMAN HARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
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
U.S.. DOLLARS PES FINE OUNCE
.
JAN. 25
369.79
CALL HONEY RATES
U.S. FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR DEPOSITS
U.K.
CANADA
GEBHANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC
JAM.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
25
25
13
13
13
27
13
13
1
27
9.53
9.46
6.75
9.59
5.60
5.39
6.13
12.88
10.30
1.40
JANu
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
25
25
25
25
25
25
25
9.40
6.10
6.25
9.85
9.40
3.64
8.47
JAN.
JAM.
JAN.
JAM.
JAN.
JAN.
25
25
25
25
25
25
9.46
9.54
9.54
9.75
9.93
10.28
OVERNIGHT EURO-DOLLAR DEPOSITS
U.S. FEDERAL FUNDS
DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS
JAN. 25
JAN. 25
JAN. 25
9.46
9.53
-4.07
3-MONTH EURO-DOLLAR DEPOSIT BATE
fl.S. 90-DAY CD'S, SECONDARY MABKET
DIFFERENTIAL
JAN. 25
JAN. 25
JAN. 25
9.75
9.40
0.35
CHART 5. 3—MONTH INTEREST RATES
U.S. 90—DAY CD'S, SECONDARY MARKET
GERMAN INTERBANK LOAN
JAPANESE fANK LOANS 6 DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOBEIGN INTEREST RATE
|G—10 COUNTRIES PLUS SWITZERLAND)
CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7. SELECTED EUBO-DOLLAB AND U.S. HONEX MARKET RATES
SERIES BABE
e
CHABT 8. IMTEBEST ABBITBAGB, 3-HOBTH FOHDS
A
w
#
#
#
EDBO-DOLLAB DEPOSIT
IBTEBBABK STBBL2V6 fLOBDOB) , COVEBED
DIFFEBEBTIAL
JAB. 25
JAB. 25
JAB. 25
9.75
9.89
-0.14
U.S. COBBEBCIAL PAPEB
CABADIAB FXBABCE PAPEB, COVEBED
DIFFEBEBTIAL
JAB- 25
J A B . 25
JAB. 25
9.20
9.87
-0.67
BUBO-DOLLAB DEPOSIT
IBTEBBABK DM (FBABKFUBT), COVEBED
DIFFEBEMIIAL
JAB. 2 5
JAB. 25
JAB. 25
9.75
9.98
-0.23
BUBO-DOLLAB DEPOSIT
SBISS IBTEBBABK, COVEBED
DIFFEBEBTIAL
JAB. 25
J A B . 25
JAB. 25
9.75
9.84
-0.09
CHABT 9. LOBG TEBfl GOVBBBBBT BOBD YIELDS
UNITED STATES
GEBHABX
JAPAB (BOBTBLI)
SHITZBBLABD
CABADA
FBABCB
BETHEBLABDS (BOBTHLI)
OBIIED KIBGDOB
#
JAB.
JAB.
OCT.
JAB.
JAB.
SEPT.
AUG.
JAB.
20
13
6
13
30
20
11.59
8.30
7.22
4.41
12.00
14.05
9.03
9.79
0.S. COBPOBATE
#
AAA BOBDS
BUBO-DOLLAB BOBDS
#
CHABT 10.
'
#
LAST VALUE PLOTTED
DATE
VALUE
#
12.57
10.29
STOCK JBDICBS
UBITED STATES
UBI1BD KIBGDOB
CABADA
GEBBABT
SRITZEBLABD
BETHEBLABDS
FBABCB
JAPAB
DEC.
BOV.
JAB.
JIB.
JAB.
JAB.
JAB.
JAB.
JAB.
JIB.
18
18
18
18
18
18
18
18
174.44
180.54
255.06
152.57
128.72
170.79
169.85
201.91
FEDERAL RESERVE statistical release
i[[
•f*4LRE^V
JANUARY 30, 1984
FOREIGN EXCHANGE RATES
fl, 10(512)
FOB THE WEEK EHDING
JANOABY 27, 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 tfie following noon
buying rate in New York City for cable transfers payable in foreign currencies:
HONETABY
COPBTBY
iiGmiii
•AOSTBALIA
AOSTBIA
BELGIUM
BBAEIL
CABADA
CBILE
CBIBA, P.B.
COLOBBIA
DBBBABB
H u m
FBABCB
GEBBANY
GBBBCN
MOBCttOBG
IEDIA
INDOBBSIA
m i u »
I SB A EX
ITALY
JAPAN
MALAYSIA
MEXICO
NBTHBBLANDS
•HEM ZEALAND
NOBWAY
PEBO
PHILIPPINES
POBTOGAL
SINGAPORE
•SOOTH AFRICA
SOOTH KOREA
SPAIN
SRI LANKA
SWEDE*
SBITZEBLAND
TAIWAN
THAILAND
•UNITED KINGDOM
YENEZOELA
•UNITED STATES
OH!
J A B . 23
PBSO
DOLLAB
SCM1LLXB6
FBABC
C B OS EI BO
DOLLAB
PBSO
HHSB
MSO
KBOBB
BABBKA
FBABC
0. NABK
DBACHBA
DOLLAB
1OTBB
BOPIAH
POOBD
SHEKEL
LIBA
YBB
DOLLAB
PESO
GOILDEB
DOLLAB
KBONE
SOL
PESO
BSCODO
DOLLAB
BAND
WON
PESETA
BOPEE
KBONA
FBANC
DOLLAB
BAHT
POOBD
BOLIVAB
25*38
90.35
19.822
57.350
10S8.00
1.2*58
80.700
2.0667
90.170
10.1900
SwStlO
8.5950
DOLLAB
2.8120
IOf.250
7.7950
10.7*00
996.00
110.18
119.530
1711.00
233.85
2.3415
166.0000
3.1670
64.800
7.8700
2342.55
14.0500
136.200
2.1310
80.00
800.00
159.420
25.200
8.1500
2.2370
II
23.000
140.39
12.9500
135.14
CTiamci
VM
JAM. 2%
S PEE DCLiAB)
JAM. 25
103.400
7.7950
10.7*00
996.00
109.70
120.3*0
1717.00
23*.35
2.3*15
25.38
90.85
19.890
57.630
1048.00
1.2*79
87.700
2.0770
90.170
10.232$
5. 9480
8.6325
2.8230
103.550
7.7950
10.7500
997.00
109.75
121.690
1716.00
234.20
2.3410
3.1775
64.730
7.8975
2342.55
14.0500
136.500
2.1310
79-15
3.1765
64.820,
7.8950
2342.55
14.0500
136.350
2.1310
79.25
25.38
90.55
19.898
57.660
10*8.00
1.2475
87.700
2.0770
90.170
10.2450
5.9430
8.6375
2.*t$0
166.0000
800.80
166.0000
801.60
159.820
25.200
8.1900
2.2470
Hi
23.000
139.90
12.9500
159.260 1
25.200
8.1750
2.2440
MA
23.000
140.07
135.66
135.56
13.1000
JAB* 26
JAB. 27
25.38
91.10
19.833
57.*20
1065.00
25.91
91.58
19.878
57.600
1065.00
1.2*66
87.700
2.0$#$
90.170
10.2075
5.9290
8.$i0O
2.8110
103.750
7.7600
10.7*00
997.00
110.00
122.610
1.2*82
88.700
2.0790
90.810
10.2340
5.9460
8.6300
2.8210
103.350
7.8025
10.7500
997.00
109.65
122.610
1712.00
234. 10
2-3405
166.2500
3.1615
64.950
7.8760
2342.55
14.0500
136.200
2.1305
79.00
801.30
158.770
25.200
8., 1500
2.2383
HI
23.000
140.60
13.2000
1720.00
234.28
2.3405
166.5000
3.1745
64.930
7.8840
2361.35
14.0500
136.500
2.1315
78.. 90
800.. 70
159.250
25.280
8-1750
2.2460
40.230
23.000
140.35
13.4000
135.17
135.53
#XN0BZ OP HEIGHTED AVERAGE EXCHANGE VALUE OF U„S. DOLLAB AGAINST CURRENCIES OF OTHER G-10
COUNTRIES PLOS SWITZERLAND. 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 AOGUST 1978 FEDERAL RESERVE BULLETIN.
•VALUE IS U.S. CERTS
@FedFRASER