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uf- (516/517) data •iSs"" <N; Selected Interest & Exchange Rates Weekly Series of Charts January 9, 1984 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 <Y Y A 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 A N D 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 1973=100 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN - ^ - 140 - 120 - 100 mIMIMIM 80 — 240 - - ~ | | I I I I — CANADIAN DOLLAR SWISS FRANC 200 160 120 180 160 GERMAN MARK 140 DUTCH GUILDER "—~ V \ A ^ 120 yx 100 I I | 11111111111 i 11111111111 120 - > v U.K. POUND 100 FRENCH FRANC 80 i : 60 50 " i l I l I I 11111111111 45 80 160 140 70 — — 60 - - 50 BELGIAN FRANC ITALIAN LIRA 120 100 - 80 - 60 — V v Z N r v 40 - I I I I I 1982 I I 1984 I 11111111111111111111111 I 1982 1984 30 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN ENT PER ANNUM 6 + - ITALIAN LIRA A IDUTCH GUILDER! CANADIAN DOLLAR — 0 I II I I I I I 6 6 U. K. POUND + 0 - 6 - | | | I 9 | | ..I..I..In 12 SWISS FRANC - GERMAN MARK 6 + 0 - v 8 FRENCH FRANC + 0 JAPANESE YEN 8 16 24 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 600 550 600 - 550 12.5 Kg BARS AFTERNOON FIXING PRICE 500 450 500 - - 400 400 - 350 350 300 300 250 250 450 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER AN NT PER ANNUM 28 24 V 20 » FRANCE U. S. FEDERAL FUNDS 16 - I T 12 JAPAN 8 4 I I I I I 24 CANADA 20 EURO-SWISS FRANC 16 12 8 NETHERLANDS 4 + 0 24 20 16 U. K. 2-DAY LOCAL AUTHORITY GERMANY 12 EURO-DM 8 4 1982 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AN 22 24 18 20 CANADIAN FINANCE CO. PAPER 14 16 10 12 WEIGHTED AVERAGE FOREIGN RATE 6 8 20 16 16 U.K. INTERBANK STERLING 12 GERMAN INTERBANK RATE 12 8 8 4 11 12 SWISS INTERBANK RATE 8 9 JAPANESE BANK LOANS AND DISCOUNTS 7 4 5 0 1982 1984 1982 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN NT PER ANNUM 24 20 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 16 12 8 4 24 20 16 12 8 4 24 20 16 12 8 4 1982 1984 1982 1984 # # # # # # # # # # # CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: F L U S H , FAVORS BORROWING IN U . S . AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 26 26 22 22 FEDERAL FUNDS 3-MONTH E U R O - D O L L A R DEPOSITS OVERNIGHT 1 9 0 - D A Y CD' S E U R O - D O L L A R DEPOSITS DIFFERENTIAL 2 DIFFERENTIAL + 0 2 1982 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 1984 1982 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 DASHED LINE - 26 CANADIAN FINANCE CO. PAPER, COVERED 12 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL Q/4WV^ ^ "1 2 - nK v WAvvf /V 1 1 1 1 1 4 28 28 20 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 COVERED FRANKFURT 12 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE —DASHED LINE , DIFFERENTIAL L\ i U W f 1 1 1 DIFFERENTIAL A v vA Y/xyxvv / \/ y v 1 . zs. A /No ^ - 1 1 1 1982 ~ 1984 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 I A jk 1 1 1 1 1 1982 1 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM # 19 19 " * CANADA - UNITED STATES 15 # s Jl — 15 — — — 11 # - I 7 I I I I - — - - - — I I II I II I II I I . UNITED KINGDOM I I I I I I I I I I I I7 I 9 — — 15 I 11 SWITZERLAND — — # 5 11 • I 7 • I I I I I I I I i i h i h i 111 13 13 MONTHLY GERMANY JAPAN 9 9 # - — I 5 I |||||||||,| I I I I I I iiliiliiln I iiImIiiIii 5 22 22 , 1 U. S. CORPORATE MONTHLY FRANCE 18 18 Aaa BONDS 14 - AJ - - - - - - __ EURO-DOLLAR BONDS ^ 10 — V NETHERLANDS 10 \ MONTHLY - I I I I I 1982 I I I | I I | M | I I lllllllI III 1984 14 I I I I I 1982 I 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S 1969=1 RATIO SC 1969= LE 220 180 JAPAN UNITED STATES - 140 — I IIIIIIIIII 100 180 140 UNITED KINGDOM GERMANY - A v / V 100 - I 80 I I 170 130 - FRANCE SWITZERLAND - 90 — V - I 70 I I 180 140 CANADA NETHERLANDS - 100 80 I 60 1982 1984 I I I I 1982 I 1111111111111 1984 SERIES CHART 1. SPOT L A S T VALUE PLOTTED DATE VALUE NAME EXCHANGE R A T E S ADD I N D I C E S WEEKLY A V E R A G E S , BOON BOXING R A T E S (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FBANC ITALIAN LIRA INDICES, 13ARCH 1973 BASE B A T E S = CGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) HAB 1973 U . S . DOLLAR GEBMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAH FBENCH FBANC S W I S S FBANC B E L G I A N FBANC ITALIAN LIBA S W E D I S H KRONA 3-MONTH FOBWABD EXCHANGE B A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FBANC S W I S S FRANC DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIBA 4 4 4 4 4 4 4 4 4 3 6 .,36 0 ., 4 3 0 2 2 3 2 ..38 143.62 8 0 ..25 11.90 4 5 ..39 1.78059 0.05987 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAB. JAN. 4 4 4 4 4 4 4 4 4 102.28 112.64 92.94 58.09 79.98 53.60 146.04 70.16 34.01 4 4 4 4 4 4 4 4 4 4 4 132.78 134.17 146.70 117.40 70.24 99.98 63.99 185.74 87.10 39.82 67.75 4 4 4 4 4 4 4 4 0.29 0.71 4.01 -3.44 6.06 3.91 3.55 -6.72 100 GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E S U . K . POUND CANADIAN DOLLAR FBENCH FBANC S W I S S FBANC B E L G I A N FBANC ITALIAN LIRA ART 2 , JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAB. JAN. - 100 JAN. JAN. JAB. JAN. JAN. JAN. JAB. JAB. JAN. JAB. JAB. PREMIUM 0 8 DISCOUNT JAB. JAN. JAN. JAN. JAN. JAN. JAB. JAB. SERIES CHABT 3 . GOLD U.S.. CHART 4 . PRICE IN NAME LONDON, DOLLARS PER CALL AFTERNOON FIXING F I N E OUNCE 3—HON I B INTEREST DEPOSITS EURO-DOLLAR DEPOSIT RATES: JAN. JAN. DECDEC. DECJAN. DEC. DEC. JAN. JAN. 4 4 30 9 30 6 30 30 1 6 10.06 9.98 9.13 9.55 7.00 6.34 6.44 12.88 10.30 4.56 JAN. JAN. JAN.. JAN. JAN. JAN. JAN. 4 4 4 4 4 4 4 9.64 6.14 6.25 9.82 9.33 3.81 8.50 LONDON JAN. JAB. JAN. JAN. JAN. JAM. OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6—MONTH 1-YEAR CHART 7 . 4 RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAM J A P A N E S E EANK LOANS 6 D I S C O U N T S CANADIAN F I N A N C E PAPER INTERBANK S T E R L I N G S W I S S INTERBANK LOAN WEIGHTED AVERAGE F O R E I G N I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 380.22 JAN. HONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR U.K. CANADA GERMANY EURO—DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC CHART 5 . LAST VALUE PLOTTED DATE VALUE SELECTED EURO-DOLLAR AND U . S . 4 4 4 4 4 4 9.98 9.66 9.69 9.88 10.13 10.42 MONEY MARKET R A T E S O V E R N I G H T EORO-DOLLAR D E P C S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR R E S E R V E R E Q U I R E M E N T S JAN. JAN. JAN. 4 4 4 9.98 10.06 -0.08 3-MONTH EURO-DOLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDARY DIFFERENTIAL JAN. JAN. JAN. 4 4 4 9.88 9.64 0.24 RATE MARKET L A S T VALUE P L O T T E D DATE VALUE SERIES NAME CHART 8. INTEREST ARBITRAGE, 3-MGNTH EURG-DOLLAB D E P O S I T INTERBANK S T E R L I N G (LONDON), DIFFERENTIAL U . S . COMMERCIAL P A P E R CANADIAN F I N A N C E P A P E R , DIFFERENTIAL FUNDS COVERED COVERED EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT UNITED STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE N E T H E R L A N D S (MONTHLY) U N I T E D KINGDOM U.S. 4 4 4 9.88 10.06 -0.18 JAN. JAN. JAM. 4 4 4 9.47 1 0 . 12 -0.65 JAN. JAN. JAN. 4 4 4 9.88 10.21 -0.33 JANJAN. JAN. 4 4 4 9.88 9.93 —0. 0 6 JAN. DECOCTDEC. DEC. SEPT. AUG. JAN. 6 16 11.79 8.36 7.22 4.57 12.00 14.05 9.03 9.72 YIELDS 23 9 30 6 CORPORATE AAA BONDS EURO-DOLLAR 4 BOND JAN. JAN. JAN. CHART 1 0 . BONDS 12.57 10.23 STOCK INDICES UNITED STATES U N I T E D KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN DEC. SEPT. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 28 28 28 28 28 28 28 28 172.64 170.52 251.82 151.21 128.85 153.37 156.47 194.04 FEDERAL RESERVE statistical release # • 10(512) urn JANUARY 1 1 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 6, 1984 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: COUMTRY ARGENTINA •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE CHINA, P . R . COLOMBIA DENMARK FINLAND FRANCE GERMANY GREECE BONG KONG INDIA INDONESIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •MBS ZEALAND NORMA! PERU PHILIPPINES PORTUGAL SIMGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN S R I LAMKA S8EDEM SWITZERLAND TAIWAN THAILAND F•UNITED KINGDOM VENEZUELA MEMO: IUNITED STATES MONETARY OMIT PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO IUAN PESO KRONE MARKKA FRANC D . MARK DRACHMA DOLLAR RUPEE RUPIAH POUND SHEKEL LIRA TEN DOLLAR PESO GUILDER DOLLAR KROME SOL PESO ESCUDO DOLLAR RAMD MOM PESETA RUPEE KRONA FRANC DOLLAR BART POUND BOLIVAR DOLLAR J A3* 2 CURRENCY ULL S PER DOLLAR) JAM. JAN. 19. 89. 19. 56. 984. 85 75 473 340 00 1. 2 4 6 1 87. 7 0 0 1. 9 8 5 9 88. 8 7 0 9, 9 8 5 0 5. 8 5 3 0 8. 4 4 5 0 2. 7 6 0 5 9 9 . 800 7. 7 9 9 0 10. , 5 7 0 0 9 9 6 . 00 L I 112. 12 110, , 2 5 0 1675. ,00 232. .45 2. , 3 3 7 0 170. . 5 0 0 0 3. ,1000 65, ,100 7, ,8020 2276, .83 14, . 0 5 0 0 133, . 3 5 0 2, • 1 2 6 0 81 . 3 0 800, . 1 5 1 5 8 .160 2 5 .020 8 .0820 2 .2165 4 0 .200 23 .040 142 . 8 7 12 . 7 5 0 0 133.19 23.55 89.75 19.628 56.860 984.00 1.2490 87.700 2.0057 88.. 8 7 0 10., 0800 5.9215 8.5100 2.7880 101.250 7.8080 10.6300 996.00 111.20 110.250 1688.00 2 3 3 . 42 2.3420 169.7500 3.1275 64.850 7.8475 2276.83 14.0500 135.400 2.1320 80.55 800.15 160.000 25.020 8.1600 2.2330 40.200 23.. 0 4 0 141.73 12.7500 134.19 JAM. JAM. 6 1 6 9 3 . 50 2 3 2 . 70 2. 3 4 2 5 167.. 7 5 0 0 3. 1360 6 4 . 900 7. 8500 2 2 7 6 . 83 14. 0500 135. 500 2. 1 3 2 5 80. 5 5 800. 15 159. 830 2 5 . 020 8 . 1610 2. 2 3 1 5 4 0 . 200 23. 040 141. 25 12. 7 5 0 0 2 3 . 83 9 0 . 95 19. 813 5 7 . 200 9 8 4 . 00 1. 2 4 9 7 88. 5 0 0 2. 0 2 5 9 8 9 . 320 10. 1 5 5 0 5. 9380 8. 5 7 4 0 2. 8 1 0 7 101. 7 0 0 7 . 8010 10. 7 4 0 0 9 9 7 - 00 110. 4 8 112. 0 5 0 1 7 0 0 . 00 2 3 2 . 70 2. 3 4 2 0 1 6 7 . 0000 3 . 1500 6 4 . 940 7. 8775 2 2 9 8 . 74 14. 0500 136. 250 2. 1 3 1 0 7 9 . 50 800. 15 160. 0 4 0 2 5 . 180 8. 1 7 5 0 2. 2 3 8 3 4 0 .,200 2 3 . 000 1 4 0 .,70 1 3 ., 0 0 0 0 134.44 134.86 23. 89. 19. 57. 984. 1. 87. 55 95 740 020 00 2496 700 2. 0 1 5 7 88. 8 7 0 10. 1 2 2 5 5. 9260 8. 5 3 5 0 2. 79 8 0 101. 4 0 0 7. 7920 10. 6900 9 9 6 . 00 110. 80 110. 2 5 0 #INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAR AGAINST CURRENCIES OF OTHER G - 1 0 COUNTRIES PLUS SWITZERLAND. MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 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 AUGUST 1 9 7 8 . FOR DESCRIPTION AMD BACK DATA, SEE "INDEX OF THE WEIGHTED—AVERAGE EXCHANGE VALUE OF THE U . S . D O L L A R : . R E V I S I O N * ON PAGE 7 0 0 OF THE AUGUST •VALUE I S U . S . 1 9 7 8 FEDERAL RESERVE B U L L E T I N . CENTS
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