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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts i I July 14, 1986 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA — — JAPANESE YEN GERMAN MARK 200 180 160 / "" 140 - - 120 - - 100 I I I I I I i ill i hill i ill i hill i 80 i DUTCH GUILDER CANADIAN DOLLAR 90 80 „ U.K. POUND — - 80 FRENCH FRANC 70 - 70 60 - 60 50 40 - - I I I I I I I I I I I I I I 120 SWISS FRANC BELGIAN FRANC 1984 1986 1984 1986 50 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER M :ENT PER ANNUM 4 8 JAPANESE YEN CANADIAN DOLLAR + 0 A — — + 0 4 I 8 4 4 I I 4 12 U. K. POUND SWISS FRANC + 0 8 4 4 8 8 I I I I I I I ill ill ill I 0 8 DUTCH GUILDER GERMAN MARK 4 4 0 0 8 8 ITALIAN LIRA FRENCH FRANC + + 0 0 8 8 16 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 520 520 500 500 480 480 460 460 12.5 Kg BARS 440 440 AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 260 260 1983 1984 1985 1986 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER AN NT PER ANNUM 20 20 16 16 FRANCE U. S. FEDERAL FUNDS 12 - 12 8 8 V* 4 - 4 JAPAN 0 I I I I I I I 0 uli ihilli 20 20 16 SWITZERLAND 16 CANADA 12 12 8 8 4 4 11111 0 0 20 20 16 16 UNITED KINGDOM 12 12 GERMANY 8 8 WVww 4 0 4 NETHERLANDS I I 1984 I 0 lull 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 14 16 U.S. CD'S CANADIAN FINANCE CO PAPER 12 14 10 8 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 II 4 6 16 14 I FRENCH INTERBANK RATE U.K. INTERBANK STERLING - 14 12 10 1 10 I 8 I I I I - I 8 6 10 8 12 10 GERMAN INTERBANK RATE 8 6 6 4 4 2 2 8 8 7 SWISS INTERBANK RATE JAPANESE GENSAKI RATE 6 6 4 5 - 2 0 4 1984 1986 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AL ENT PER ANNUM 16 16 3-MONTH OVERNIGHT 14 14 12 12 10 10 8 8 6 6 16 16 7-DAY 6-MONTH 14 14 12 12 10 10 8 8 6 6 16 16 1-MONTH 1-YEAR 14 14 12 12 10 10 8 8 6 6 1984 1986 1984 1986 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING I U. S. N AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 16 16 14 14 FEDERAL FUNDS 3-MONTH DASHED LINE E U R O - D O L L A R DEPOSITS 12 12 10 10 1 OVERNIGHT " , 90-DAY CD S E U R O - D O L L A R DEPOSITS I I I 111111111111 1 1 I I I I I I 4 2 DIFFERENTIAL J I DIFFERENTIAL I 111111111111111111111111 1984 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E 1986 11111111111 1984 11111111111 1986 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AK [NT PER ANNUM 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 14 10 10 INTERBANK STERLING 6 COVERED LONDON 6 U. S. COMMERCIAL PAPER 2 2 2 2 DIFFERENTIAL DIFFERENTIAL + + 0 0 ML 2 I I I I III' 2 18 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 6 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE III I I 2 2 6 DASHED LINE DIFFERENTIAL 2 2 DIFFERENTIAL + + 0 0 I 2 I 1984 I 2 1986 I 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 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 17 15 17 UNITED STATES CANADA — 15 13 13 11 11 9 9 I 7 I I , I I I I I I 7 9 15 13 7 SWITZERLAND UNITED KINGDOM 11 5 9 3 7 1 10 10 — IGERMANY 8 JAPAN 8 6 6 I 4 I I 4 18 18 U. S. CORPORATE MONTHLY 16 , 16 FRANCE I Aaa BONDS 14 14 12 — — NETHERLANDS 10 10 MONTHLY .8 8 I 6 12 1984 1986 I I I I 1984 I I I I I I I I I I I I I I I M N 111 l i i 1986 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED KINGDOM UNITED STATES NETHERLANDS SWITZERLAND FRANCE GERMANY CANADA JAPAN 1984 1986 1984 1986 LAST VALUE PLOTTED DATE VALUE SERIES SAME CHART 1. SPOT EXCHANGE HATES AND INDICES MEEKLY AVERAGES, MOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U. &. POUND CANADIAN DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN FRANC ITALIAN LIRA SWEDISH KBONA INDICES, MARCH 1973 BASE SATES = JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 4 5. 85 0. 62095 40. 76 153.37 72.45 14.31 56.27 2.23554 0. 06677 14.08 JULY JULY JULY JULY JULY JULY JULY JULY JULY 9 9 9 9 9 9 9 9 9 128.97 162.58 117.03 62.03 72.21 6 4. 51 181.04 88.09 37.93 9 9 9 9 9 9 9 9 9 9 9 111.22 149.64 189.26 129. 39 64.74 77.04 67. 34 200.72 95.56 38.54 66.92 9 9 9 9 9 9 9 9 -1.73 - 3 . 19 2. 14 -0.63 1. 97 0.69 2.29 -4.82 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER 0.8. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN F R A N C ITALIAN LIRA WEIGHTED AVJSRAGS EXCHANGE VALUE INDICES, MAR (G-10 COUNTRIES P I U S SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDEB U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 9 9 9 9 9 9 9 9 9 9 1973 = 100 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY IT 2 . 3 - M O N T H FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U. K. POUND GBRflAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JULY JULY JULY JULY JULY JULY JULY JULY SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE JULY 9 345.69 JULY JULY JULY JULY JULY JULY JULY JULY JULY 9 9 9 9 9 9 9 9 9 6.87 6.91 10.52 8.60 4.52 4.46 7.24 6.36 1. 00 JULY JULY JULY JULY JULY JULY JULY JULY JULY 9 9 9 9 9 9 9 9 9 6.45 4.61 4.63 8.55 9. 90 4. 72 7. 13 6.00 6.69 JULY JULY JULY JULY JULY JULY 9 9 9 9 9 9 6.91 6. 93 6.84 6.65 6.65 6.73 4 . CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. Km CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAM JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT SATES: LOSDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET BASES OVERNIGHT EURO—DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL JULY JULY JULY 9 9 9 6.91 6.87 0.04 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JULY JULY JULY 9 9 9 6.65 6.45 0.20 LAST SERIES NAME VALUE DATE PLOTTED VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JULY JULY JULY 9 9 9 6.65 6.63 0.02 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JULY JULY JULY 9 9 9 6.51 6. 78 -0.27 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT) , COVERED DIFFERENTIAL JULY JULY JULY 9 9 9 6.65 6. 78 - 0 . 13 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY JULY JULY 9 9 9 6.65 6.72 - 0 . 06 JULY 4 JULY 4 JULY 4 JUNE 6 JUNE 20 JULY 4 MAY 4 JULY 7.35 5.83 4. 99 4. 48 9. 49 8. 65 6.39 8.80 JUNE 9. 13 CHART 9. LONG Ti.fiM GOVEMSENT UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM BOND YIELDS U.S. CORPORATE AAA BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAH JULY JULY JULY JULY JULY JULY JULY JULY 2 2 2 2 2 2 2 2 26 0.78 300.45 306.03 273.08 187.63 344.10 359.83 359.97 FEDERAL RESERVE statistical release - ?f<U H.10 (512) JOLI 11, 1986 FOREIGN EXCHANGE RATES FOB 1MB USE* ENDING JUtt 11, 198* 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 BBLGIOa BRAZIL CANADA CHINA,P.R. DENHARK FINLAND FRANCE GERflANY GREECE HONG KONG INMA *IRE1AND ITALY JAPAN HALAYSIA NETHERLANDS • NEH ZEALAND M0R8AY PORTUGAL SINGAPORE •SOUTH AFRICA SOOTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAINAN THAILAND •UNITED KINGDON BBflO: #UNITED STATES MONETARY UNIT DOLLAR SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE HARKKA FRANC D. HARK DRACHHA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KHOHB ESCUDO DOLLAR RAND HON PESETA RUPEE KRONA FRANC DOLLAR BART POUND DOLLAR JULY 7 (CURRENCY UN 11PS pRfi n n n lot JULY 8 JULY 9 JULY 10 JULY 11 63.81 15.400 45.000 13.84 1.3782 3.7129 8. 1800 5.1250 7.0275 2. 1890 139.700 7.8130 12.5100 137.47 1504.00 1b 1.35 2.6530 2.4640 53.000 7.5610 150.350 2. 1965 38.50 889.20 139.250 28.050 7. 1465 1.7900 38.120 26.230 150. 40 63.70 15.300 #4.730 13.84 1.3800 3.7129 8.1450 5.0930 6.9900 2.1830 138.850 7.9130 12.3500 138.15 1499.Q0 160.70 2.6190 2.4480 53.500 7.4600 149.500 2.1840 39.25 886.90 139.100 28.015 7.0950 1.7810 38.120 26.200 153.42 62.39 15.330 44.750 13.84 1.3817 3.7129 8.1410 5.1035 6.9880 2.1810 138.850 7.8120 12.3700 138.30 1496.75 161.00 2.0215 2.4550 52.852 7.4800 149.100 2.1795 39.20 887.40 138.900 28.027 7.1050 1.7750 38.120 26.240 153.10 63. 20 15.370 44. 940 13. 84 1.3817 3.7129 8.1560 5.1165 7.0100 2.1870 139.650 7.4120 12.4500 137. 82 1502.00 161.08 2.6500 2.4610 53.*00 7.4950 149.450 2-1865 39.15 886.90 139.100 28.027 7.1160 1.7850 38.120 26.220 152.40 63.20 15.285 44.750 13.84 1.3/79 3.7129 8.1300 5.1000 *.9820 2.1750 139.250 7.8125 12.4800 138.35 1494.00 160.50 2.6510 2.4505 53.350 7.4950 148.950 2.1875 38.90 889.00 138.450 28.030 7.1125 1.7778 38.120 26.240 151.55 111.20 111.25 111.55 111.21 111.85 tINbto tif NBIdMTBb AVERAGE EXCHANGE YAL UE OF O.S. DO LLAR AGAINST CURRENCIES OF OTHER G-10 COUNXBIBS. HABCH 1973 = 100. BBIGMTS A M 1972-76 GLOBAL TBADS OF EACH OF IBB 10 COUNTBIBS. SBBIBS BETISBD AS 0* AUGUST 1978. FOB DBSCBIPTIOH AID BACK DATA, SBB "INDEX OF THE BEIGHTBD-ATEBAGB EXCHANGE VALUE OF THE U.S. OOLLABs BBYISiOl" OM PAGE 700 OF THE AUGUST 1978 FBDBBA1 BBSEBVB BULLETIN. M A L U S IS 0.5. CENTS
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