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M T X (516/517) FiCB X LIBRARY TOERAL RESERVE B A N K TO CHICAGO 1 Selected Interest & Exchange Rates Weekly Series of Charts | July 16, 1984 1 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 RATESH.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 a 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 :ALE 973=100 RATIO SCALE MARCH 19773=100 160 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 140 — 120 100 I I I 11111111111 80 — 240 — CANADIAN DOLLAR SWISS FRANC Xv I I 200 : 160 f X x "'Vv/x, I 120 180 — GERMAN MARK \ 160 140 DUTCH GUILDER 120 100 120 100 FRENCH FRANC U.K. POUND 80 60 50 80 BELGIAN FRANC 70 ITALIAN LIRA - 60 50 40 l 1982 1984 l l I I 1982 I 30 1984 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 V M ITALIAN LIRA - CANADIAN DOLLAR — , II I III III I I — [L K U. K. POUND DUTCH GUILDERI - - 6 , 11111111 11111111111 9 12 15 SWISS FRANC \ T\rU I GERMAN MARK I I I I - : - I V - I I I 16 VI FRENCH FRANC - 12 JAPANESE YEN - 16 24 32 1982 1984 1982 1984 8 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 500 450 500 - 450 400 - \ 350 400 350 300 300 250 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 28 24 24 - 20 - \ 20 U. S. FEDERAL FUNDS 16 12 - 8 - 4 ^ A FRANCE - 16 - 12 JAPAN - I I I I I I Illllllllll i i l i l l CANADA EURO-SWISS FRANC NETHERLANDS U. K. 2-DAY LOCAL AUTHORITY GERMANY EURO-DM 1982 1984 1982 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER Ah NT PER ANNUM 22 24 18 20 U.S. CD S CANADIAN FINANCE CO. PAPER 16 14 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 20 16 U.K. INTERBANK STERLING 16 12 GERMAN INTERBANK RATE 12 8 8 4 11 12 SWISS INTERBANK RATE -jy 9 - 8 - 4 JAPANESE BANK LOANS AND DISCOUNTS L 7 - 0 5 1982 1984 1982 1984 CHART 6 E U R O - D O L L A R DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 - - 20 3-MONTH OVERNIGHT 16 - 12 I I I I I 7-DAY 6-MONTH 1-MONTH 1-YEAR I 11111111111 11111111111 I I I II I II I I I 1982 1984 1982 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 22 18 3-MONTH E U R O - D O L L A R DEPOSITS 14 - OVERNIGHT 10 90-DAY CD S E U R O - D O L L A R DEPOSITS I I I I I I I I I I I 10 I I I I I I I I I I I I I I I I I I I I I I DIFFERENTIAL 2 DIFFERENTIAL + 0 2 I 1982 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 P E R C E N T ON R A T E S C A L E 1984 14 I 1982 I 11111111111 11111111111 1984 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 28 28 EURO-DOLLAR DEPOSITS 20 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 12 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER "VV III I I I IIIIIIII - DIFFERENTIAL DIFFERENTIAL ~ - Q / 4 w V ^ i 2 i i 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 I III I I I DIFFERENTIAL DIFFERENTIAL - X / AyW/Vyx I I 1982 I I I II I II I II I 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 P E R C E N T ON RATE S C A L E 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER Af ENT PER ANNUM 19 — . i J\ 1 CANADA UNITED STATES 15 - - 11 - - I 7 I I I I I I I I I II II II I I I I I I I I I — 15 . UNITED KINGDOM . — :SWITZERLAND 11 — I 7 13 I I I I I l I I I I I I I I lI lIl lIl l l l l l l l l MONTHLY JAPAN — A / \ ~ i | 1GERMANY - 9 II 5 22 U. S. CORPORATE M lllllllllll | MONTHLY — 18 FRANCE — Aaa BONDS 14 - A Z - v""A EURO-DOLLAR BONDS ^ 10 V NETHERLANDS MONTHLY 6 1 1 " lllllllllll 1 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 240 200 - 160 - UNITED STATES JAPAN - - rff 120 - I 210 I I — 170 Ay UNITED KINGDOM 130 ~ h M /\AA/ I FRANCE yv/v> - 70 M | | | | | | 1|1 1|| 11111111 — 150 - 110 - — I I I I I I — GERMANY ^ - SWITZERLAND - - — l 70 - — 90 190 v / I I i — i i I I I — 180 if V y A NETHERLANDS 140 — Y - - - - - 80 60 CANADA - K Z ' V ~ 100 - - I I 1982 I 1984 1982 1984 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME SJAET 1. SPOT EXCHANGE R A T E S AND I N D I C E S WEEKLY AVERAGES, NOON BUYING R A T E S (U.S. CENTS) GERMAN MASK 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 INDICES, MARCH 1973 BASE R A T E S = 11 11 11 11 11 11 11 11 11 11 35.28 0.41399 31.27 131.23 75.26 11.50 41.88 1.73787 0.05747 12.07 JULY JULY JULY JULY JULY JULY JULY JULY JULY 11 1 1 11 11 11 11 11 11 11 99.24 108.40 89.76 53.08 75.01 51.81 134.73 68.48 32.65 11 11 11 11 11 1 1 11 11 11 11 11 138.86 134.97 146.17 117.44 66. 10 96.90 64.08 177.26 88. 11 39.58 68.35 JULY 1 1 JULY 1 1 JULY 1 1 J U L Y 11 JULY 1 1 JULY 1 1 JULY 1 1 JULY 1 1 — 0. 46 1.36 6.48 0.25 7.72 5.95 6. 10 -3.45 100 GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA WEIGHTED A V E R A G E E X C H A N G E VALUE INDICES, MAR (G-10 C O U N T R I E S PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 1973 = 100 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY CHART 2. 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 OB DISCOUNT C A N A D I A N DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA S E R I E S NAME LAST VALUE PLOTTED DATS VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. D O L L A R S PER FINE OUNCE JULY 11 348.01 JULY JULY JULY JUNE JULY JULY JULY JULY JAN. JULY 11 11 13 8 13 13 13 13 1 13 11. 25 11. 10 8. 88 10.84 5.55 5.00 6.06 11.13 10.30 4.30 4, CALL MONEY RATES U.S. F E D E R A L FUNDS O V E R N I G H T EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC 5. 3 - M O N T H I N T E R E S T RATES U.S. 90-DAY CD'S, SECONDARY MARKET G E R M A N INTERBANK LOAN J A P A N E S E BANK L O A N S 6 DISCOUNTS 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 RATE (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) CHART 6. EURO-DOLLAR J U L Y 11 JULY 11 JULY 11 JULY 11 JULY 11 JULY 11 JULY 11 11.69 6. 10 6.24 12.87 10.56 4.60 8.94 JULY 1 1 JULY 11 JULY 1 1 JULY 1 1 JULY 1 1 JULY 1 1 1 1. 10 11.46 11.69 12. 16 12.78 13.53 DEPOSIT RATES; LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . . S E L E C T E D EURO-DOLLAR AND U.S. MONEY M A R K E T R A T E S O V E R N I G H T EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS D I F F E R E N T I A L ADJ. FOR R E S E R V E REQUIREMENTS JULY 11 JULY 1 1 JULY 11 1 1. 10 11.25 - 0 . 15 3 - M O N T H EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL JULY JULY JULY 12. 16 11.69 0.47 11 11 1 1 S E R I E S NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST A R B I T R A G E , 3 - M O N T H FUNDS EUEC-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), C O V E R E D DIFFERENTIAL J U L Y 11 J U L Y 11 JULY 11 12. 16 11. 96 0. 20 U.S. C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL J U L Y 11 JULY 11 JULY 11 28 40 - 1 . 12 EURO-DOLLAB DEPOSIT INTERBANK DM (FRANKFURT), C O V E R E D DIFFERENTIAL JULY JULY JULY 11 11 11 1 2 . 16 12. 68 - 0 . 52 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL J U L Y 11 JULY 11 JULY 11 12. 16 12. 40 - 0 . 24 6 JULY J U N E 29 MARCH JUNE 22 8 JUNE 4 MAY FEB. 6 JULY 13.80 8.,02 6. 64 4. 71 13.,65 13. 7 3 8.56 10.,64 11. 12. CHART 9. LONG TERM G O V E R M E N T BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. C O R P O R A T E AAA BONDS EURO-DOLLAR BONDS CHART 10. MAY NOV. 13.28 10.29 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JULY JULY JULY JULY JULY JULY JULY JULY 4 4 4 4 4 4 4 4 161. 87 183. 38 219. 69 146. 59 121. 48 152. 77 172. 47 209. 32 jofJiOVfV •FEDERAL RESERVE statistical release f*4L RtS . • JULY H.10 (512) 13, 1984 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING JULY 13, 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 rates In New York City for cable transfers payable In foreign currencies: MONETARY UNIT COUNTRY •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE H O N G KONG INDIA •IRELAND kISRAEL PlTALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW Z E A L A N D NORWAY PHILIPPINES PORTUGAL SINGAPORE • S O U T H AFRICA SOUTH KOREA SPAIN SRI L A N K A SWEDEN SWITZERLAND TAIWAN THAILAND 'UNITED KINGDOM VENEZUELA DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. M A R K DRACHMA DOLLAR RUPEE POUND SHEKEL LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE PESO ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR MEMO: •UNITED STATES DOLLAR JULY 9 83.02 19.932 57.690 1779.00 1.3287 2.2869 10.3895 6.0060 8.7150 2.8405 112.000 7.8700 11.2900 107.70 NA 1740.00 242.63 2.3335 196.0000 3.2060 61.950 8 . 1810 NA 155.000 2.1500 67.45 809.30 161.250 25.200 8.2910 2.3920 39.560 23.020 130.60 13.1000 139.18 ( C U R R E N C Y U N I T S PER DOLLAR' J U L Y 10 J U L Y 11 83.60 19.818 57.400 1779.00 1.3277 2.2869 10.3300 5.9865 8.6620 2.8240 111.350 7.8400 11.2900 108.40 NA 1733.50 241.45 2.3290 196.0000 3.1870 62.120 8.1440 NA 153.000 2.1460 67.50 810.30 160.390 25.200 8.2660 2.3835 39.540 23.020 130.95 12.9500 138.56 83.20 19.925 57. 5 3 0 1779.00 1.3338 2.2869 10.4080 6.0200 8.7170 2.8410 112.000 7.8500 11.3200 107.65 NA 1745.00 242.10 2.3360 196.8000 3.2060 62.080 IT 8.2040 ? NA 154.000 2.1455 67.20 8 1 0 . 10 161.520 25.200 8.3100 2.4030 39.430 23.020 131.20 12.8500 139.17 JULY 12 8 2 . 90 19.982 57.780 '779.00 1.3348 2.2869 10.4150 6.0300 8.7450 2.8490 112.100 7.9000 1 1.3200 107.48 NA 1752.00 242.68 2.3405 196.5000 3.2140 61.850 8.2070 NA 154.000 2.1480 67.30 811.10 161.790 25.200 8.3075 2.4085 39.510 23.020 130.65 12.7500 139.56 JULY 13 83.55 19.893 57.400 1809.00 1.3273 2.2983 10.3600 6.0155 8.6825 2.8320 112.250 7.8400 1 1.3200 107.90 253.560 1743.50 241.45 2.3405 195.5000 3. 1930 61.550 8. 1800 NA 154.000 2. 1405 67.65 811.80 161.210 25.220 8.2850 2.4000 NA 23.020 132.35 12.8500 138.65 •INDEX OF 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 OF U . S . D O L L A B A G A I N S T C U R R E N C I E S OF O T H E R G-11 C O U N T R I E S . M A R C H 1973 = 100. W E I G H T S A R E 1 9 7 2 - 7 6 G L O B A L T R A D E O F EACH OF T H E 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 A U G U S T 1978. FOR D E S C R I P T I O N A N D BACK D A T A , S E E " I N D E X OF T H E 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 OF T H E U . S . D O L L A R : R E V I S I O N " ON P A G E 7 0 0 O F T H E A U G U S T 1978 F E D E R A L R E S E R V E B U L L E T I N . "VALUE IS U.S. C E N T S
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