The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
5 V
(516/517)
W
1
E E D t R
.
^
u
b
b
?.;^ve
k
L
BMrt
^ Iwcwa
,
B R a r
J I N 16 %
BSftgrn»
Selected Interest &
Exchange Rates
Weekly Series of Charts
January 7, 1985
Prepared by the
FINANCIAL MARKETS
SECTION
DIVISION OF
INTERNATIONAL FINANCE
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551
y
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
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
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
CALE
1973=100
RATIO
MARCH 197
180
160
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
140
120
100
80
120
CANADIAN DOLLAR
SWISS FRANC
100
-
—
-
-
80
70
I
60
160
I
I
GERMAN MARK
140
DUTCH GUILDER
120
100
80
100
FRENCH FRANC
UK. POUND
80
70
60
50
40
120
BELGIAN FRANC
100
-
ITALIAN LIRA
-
80
70
60
ii
50
1983
ii h i
iiLu
1985
1983
1985
CHART
3-MONTH FORWARD EXCHANGE RATES
PREMIUM <+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
24
CANADIAN DOLLAR
-
ITALIAN LIRA
-
-
A
I I Ii i i
iiliiliilii
U. K. POUND
-
I I II I I1111111111111111111111
-
f \ u A
I
I
I
GERMAN MARK
L yv
;
DUTCH 6UILDEF
r
I
w
i
V
i
'
X
! I I I I I I I I I II ! ! I I I I I ! I i I
SWISS FRANC
^
\
I I I11111111111
I
I
I
I
I
I
I iIi!!I!III
FRENCH FRANC
JAPANESE YEN
:\ A
h
v
/
V
-
-
S
—
I
1983
1985
I
I
I
I
1983
I
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
240
240
1982
1983
1984
1985
CHART 4
CALL MONEY RATES
WEEKLY SERIES
[NT PER ANNUM
PERCENT PER Al
24
24
20
20
FRANCE
16
16
U. S. FEDERAL FUNDS
12
12
8
8
JAPAN
4
0
I
I
I
4
h i h
0
24
24
EURO-SWISS
FRANC
20
CANADA
-
f
16
12
\
im
8
-
-
4
0
I
I
I
i
i
i
11111111111
4
20
16
U. K. 2-DAY LOCAL AUTHORITY
-
%
GERMANY
8
4
EURO-DM
i
1983
1985
i
i
12
I
I
1983
I
0
1985
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
PERC iNT PER ANNUM
PERCENT PER Ah
18
16
—
—
14
12
CANADIAN FINANCE CO.
PAPER
-
10
I
-
8
6
WEIGHTED AVERAGE
FOREIGN RATE
-
I
11
4
I
I
I
I
I
18
16
14
GERMAN INTERBANK RATE
U.K. INTERBANK STERLING
12
10
8
11
10
9
SWISS INTERBANK RATE
8
JAPANESE BANK
LOANS AND DISCOUNTS
7
6
5
1983
1985
1983
1985
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER AN
:NT PER ANNUM
24
-
-
20
3-MONTH
OVERNIGHT
16
-
12
8
I
4
I
I
I
I
I
I.I I I I I I I I I I I I I I I I I I I I I
24
20
7-DAY
6-MONTH
1-MONTH
1-YEAR
16
12
8
4
24
20
16
12
8
I I I I II I I I I I
4
1983
198$
1983
1985
•
t
e
#
#
#
•
•
t
•
*
•
A
#
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
18
20
16
18
14
16
FEDERAL FUNDS
DASHED LINE
3-MONTH
E U R O - D O L L A R DEPOSITS
12
14
10
12
10
OVERNIGHT
E U R O - D O L L A R DEPOSITS
90-DAY CD' S
I
I
I
I
I
ill
1±
_LL
i
DIFFERENTIAL
i
i
i
i
i
i
11111111111
DIFFERENT IAL
-
I
I
I
1983
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE S C A L E
±L
I I I I I
1985
I
I
I
I
I
1983
I
I I I I I I I I I I I
I I I I I I I I I I I
1985
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
•NT PER ANNUM
PERCENT PER A*
22
22
18
18
CANADIAN FINANCE
CO. PAPER, COVERED
EURO-DOLLAR DEPOSITS
14
DASHED LINE
14
10
10
INTERBANK STERLING
6
COVERED LONDON
6
U. S. COMMERCIAL PAPER
2
2
4
2
2
DIFFERENTIAL
DIFFERENTIAL
0
0
2
2
i
U L
i
i
1 1 1
4
22
22
18
18
14
SWISS INTERBANK (SF) COVERED
INTERBANK DM
14
COVERED FRANKFURT
10
10
EURO-DOLLAR DEPOSITS
6
6
EURO-DOLLAR DEPOSITS
DASHED LINE
DASHED LINE
2
2
2
2
DIFFERENTIAL
DIFFERENTIAL
0
0
2
2
1983
1985
PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1983
1985
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER A^
PER :NT PER ANNUM
19
19
UNITED STATES
MJ
15
CANADA
|
-
15
11
11
I
1 1 1
7
I
I
7
9
15
SWITZERLAND
UNITED KINGDOM
11
5
7
1
13
13
MONTHLY
GERMANY
-
JAPAN
—
9
9
I
5
I
I
I
i
I
I I I "
I IIIIIIIIII
5
22
22
U. S. CORPORATE
MONTHLY
18
18
FRANCE
Aaa BONDS
14
14
-
—
NETHERLANDS
MONTHLY
10
—
I I III II I II I II I I I I II I I
6
1983
1985
-
l
l
l
I
I
1983
I
I ill I I I ill I
1985
10
6
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
240
240
200
-
180
-
160
—
140
—
UNITED STATES
.
.^
UNITED KINGDOM
—
rW
120
-
-
-
-
—
-
i
r
i
I
I
—
A j / ^
I
180
-
140
-
120
—
NETHERLANDS
160
-
120
-
100
-
I
I
I
nliiliihi
Illllllllll
100
—
w
200
—
A
FRANCE
—
/ w
180
V
w
-
r
-
y
-
-
80
-
-
i
160
-
140
-
120
100
-
I
y/
-
—
90
70
I
—
—
140
I
!
l
I
I
11 i 11 h 1111
180
180
— 160
/ /
11111111111 I l l l l l l l l l l
I
—
200
I
I
I
I
I
I
IIIMIIIIII
-
90
—
80
Illllllllll
70
—
160
-
140
-
—r
A
-
A/
—
-
SWITZERLAND
-
/
-
110
V
GERMANY
100
-
90
-
-
80
—
-
1
70
320
—
280
-
240
—
1
1
1
1
1
-
I IIII||,||I
I
I
I
I
I
I
—
320
JAPAN
M
280
-
-
240
—
—
—
200
r
-
180
-
160
-
140
—
"V
180
—
-
160
-
-
140
-
1
1
1
1
1983
1
-
—
200
1
CANADA
—
-
-
120
200
AJ
-
100
120
yV
11111111111
1985
J*
-
yv
i
i
i
I
I
1983
I
Illllllllll
Illllllllll
1985
120
#
#
L A S T V A L U E PLOTTED
DATE
VALUE
SERIES NAME
RT
1. SPOT E X C H A N G E R A T E S A N D I N D I C E S
WEEKLY A V E R A G E S , NOON B U Y I N G R A T E S
(U.S. C E N T S )
GERMAN 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 FRANC
SWISS FRANC
BELGIAN F R A N C
ITALIAN LIRA
S W E D I S H KRONA
INDICES, MARCH
1973 B A S E 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 , BAR
(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 )
2.
2
2
2
2
2
2
2
2
2
2
31.69
0.39839
28.07
115.79
75.68
10. 36
38.43
1.58054
0.05160
11.12
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
2
2
2
2
2
2
2
2
2
89. 14
104.31
80. 57
46. 83
75. 42
46. 66
123.64
62.28
29.31
2
2
2
2
2
2
2
2
2
2
2
151.46
128. 82
151. 16
112.57
62. 08
104. 94
61.54
174. 10
85.68
37. 94
67.41
2
2
2
2
2
2
2
2
-1.33
- 1 . 19
3. 06
-1.97
3.90
2.91
2.50
-5.44
100
G E R M A N HARK
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 FRANC
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
U.S. D O L L A R
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. P O U N D
C A N A D I A N DOLLAR
FRENCH FBANC
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
S W E D I S H KRONA
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
1973 =
100
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR 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 G U I L D E R
J A P A N E S E YEN
I T A L I A N LIRA
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
LAST VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART 3. G O L D 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
U.S. D O L L A R S
C H A R T 4. C A L L
PER F I N E O U N C E
JAN.
2
308.00
JAN.
2
JAN.
2
4
JAN.
DEC. 28
4
JAN.
4
JAN.
4
JAN.
4
JAN.
1
JAN.
4
JAN.
8.75
8.39
8. 88
10.60
5. 50
6.38
6.13
10. 50
10.30
9.67
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
2
2
2
2
2
2
2
8. 31
5. 79
6. 25
10. 00
9. 92
4. 75
8. 32
JAN.
JAN.
JAN.
JAN.
JAN.
JAN.
2
2
2
2
2
2
8.39
8.53
8. 39
8.61
9. 11
9.81
2
2
8.39
8.75
- ci . 3€,
MONEY R A T E S
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
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 S 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 P L U S S W I T Z E R L A N D )
C H A R T 6. E D E O - D O L L A R
DEPOSIT RATES: LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7. S E L E C T E D E U R O - D O L L A R
AND U.S.
MONEY M A R K E T R A T E S
OVERNIGHT EURO-DOLLAR DEPOSITS
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 R E S E R V E R E Q U I R E M E N T S
JAN.
JAN.
JAN.
3 - M O N T H E U R O - D O L L A R DEPOSIT R A T E
U.S. 9 0 - D A Y CD'S, S E C O N D A R Y M A R K E T
DIFFERENTIAL
JAN.
JAN.
JAN.
a
z
2
z
8.31
O-SO
SERIES
NAME
LAST V A L U E P L O T T E D
DATE
VALUE
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 F U N D S
Z
2.
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.
JAN.
JAN.
U.S. C O M M E R C I A L P A P E R
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
JAN.
JAN.
JAN.
Z
EURO-DOLLAR DEPOSIT
I N T E R B A N K DM ( F R A N K F U R T ) , C O V E R E D
DIFFERENTIAL
JAN.
JAN.
JAN.
2
2
EURO-DOLLAR DEPOSIT
SWISS I N T E R B A N K , C O V E R E D
DIFFERENTIAL
JAN.
JAN.
JAN.
2
2
2
8.61
8.TO
-0.09
8. 19
8-64-
I
%
Z
-<*29
d.Gi
2
CHART 9. L O N G TERM G O V E R M E N T BOND Y I E L D S
UNITED STATES
GERMANY
J A P A N (MONTHLY)
SWITZERLAND
CANADA
FRANCE
N E T H E R L A N D S (MONTHLY)
UNITED KINGDOM
JAN.
DEC.
OCT.
DEC.
DEC.
OCT.
AUG.
JAN.
4
14
28
21
26
4
11. 64
7. 00
6. 61
4. 77
11. 74
12. 33
8. 50
10. 03
U. S. C O R P O R A T E
AAA B O N D S
EURO-DOLLAR
CHART
10.
BONDS
NOV.
NOV.
12.29
10.29
STOCK INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
2
JAN.
JAN.
2
2
JAN.
JAN.
2
2
JAN.
2
JAN.
2
JAN.
26
DEC.
170. 10
206. 75
237. 19
165. 59
129. 59
178. 24
182. 73
236. 43
•m
FEDERAL RESERVE statistical release
JANUARY
H.10 (512)
4, 1985
FOREIGN EXCHANGE RATES
FOB THE WEEK ENDING
JANUARY
4, 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:
COUNTRY
•AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHINA,P.B.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
BONG KONG
INDIA
•IRELAND
ISRAEL
ITALY
JAPS Ei
MALAYSIA
MEXICO
NETHERLANDS
•BBS ZEALAND
NOR8AY
PHILIPPINES
PORTUGAL
SINGAPOBE
*SOUTH AFRICA
SOOTH KOREA
SPAIN
SBI LANKA
SWEDEN
SWITZERLAND
TAISAH
THAILAND
•UNITED KINGDOM
VENEZUELA
MEMO:
fUNITED STATES
MONETARY
DNIT
DOLLAR
SCHILLING
FRANC
CBUZEIBO
DOLLAB
YUAN
KRONE
MARKKA
FRANC
D. MARK
DBACHMA
DOLLAR
RUPEE
POUND
SHEKEL
LIRA
YEN
RI8GGIT
PESO
GUILDER
DOLLAR
KRONE
PESO
ESCUDO
DOLLAR
RAND
HON
PESETA
RUPEE
KRONA
FRANC
DOLLAB
BAHT
POUND
BOLIVAR
DOLLAR
DEC. 31
82.50
22.150
63.230
3184.00
1.3217
2.8027
11.2850
6.5410
9.6525
3. 1550
128.400
7.8250
12.3800
98.85
NA
1936.00
251.60
2.4290
227.0000
3.5650
47.550
9.0900
NA
170.250
{CURRENCY O N U S FEB DOLLAR
JAN.
JAN. 1
81.64
22.285
63.580
3184.00
1.3227
2.8027
11.3365
6.6165
9.7150
3.1730
129.400
7.8260
12.3800
98.40
NA
1948.00
251.80
2.4450
228.0000
50.25
829.50
173.500
NA
8.9850
2.6010
39.520
27.150
115.80
NA
3.5800
47.300
9.1700
NA
170.750
2. 1895
49.60
829.50
175.050
26.292
9.0450
2.6170
NA
27.200
114.80
NA
151.47
152.23
2.1810
JAN.
81.49
22.220
63.280
3184.00
1.3209
2.8167
11.3175
6.6075
9.6850
3.1625
129.250
7.8200
12.3800
98.55
NA
1946.00
252.45
2.4570
228.5000
3.5700
47.260
9.1600
HA
171.000
2.1995
49.20
829.50
174.700
26.292
9.0325
2.6215
NA
27.250
115.05
NA
151.97
JAN.
81.23
22.250
63.410
3184.00
1.3209
2.8167
11.3375
6.6025
9.6980
3. 1680
129.100
7.8180
12.5000
98.60
NA
1943.00
253.20
2.4560
228.0000
3.5760
47.250
9. 1600
NA
171.250
2.1995
49.00
830.50
174.550
26.333
9.0325
2.6340
39.500
27.250
115.35
NA
152.11
flBDEX OF 1EIGHTED AVERAGE EXCHANGE VALUE Of U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-11
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
BEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
•VALUE IS U.S. CENTS
@FedFRASER