Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : July 17, 1995

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

July 17,1995

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DuC. 20551




Table of Contents

TABLES
#

1. LATEST FIGURES PLOTTED
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




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
> SCALE

RATIO S
MARCH 197!

H1973=100

120

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

100

BELGIAN FRANC

80

60
300

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

I

I

I

I

I

I

JAPANESE YEN

SWISS FRANC

260

»

220

180
100

I

I

I

I

I

I

I

I

I

• »

I

I

I

I

I

I

I

I

I

I

I

I

CANADIAN DOLLAR

80

U.K. POUND

60

40
195

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

1

1

I

'

i

i

I

i

i

'

GERMAN MARK

DUTCH GU LDER

175

I

155

135
115

•

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

i

i

i

i

i

I

ITALIAN LIRA

FRENCH FRANC

95

I

75

55

1

1

1




I

'

1

1993

1

I

1

1

1

I

1

1

1

1995

1

'

1

i

«

1

1993

1

i

1

1

i

I

i

i i
1995

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

2
GERMAN MARK

U.K. POUND
/ - W

^-Vv

—

•

I

I

I

I

I

I

I

I

CANADIAN DOLLAR

V

"

I

'

I

I

I

I

\Ay

]

M

i

l

l

1

1

Ii

I

i

M

I

I

i

i

i

I

I

I

JAPANESE YEN

-

i *"»
1

•

1

1 1

M

1

1 i l l

1

1 1 1

'

'

'

I

I

I

SWISS FRANC

DUTCH GUILDER

FRENCH FRANC

ITALIAN LIRA

•

•




i

1

i
1993

1

i

•

•

>

i

i

i
1995

•

I

I
1992

1

I

I

I

I

I

I

I

I

I

I I
1994

I

I

I

I

I

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
420

U.S. DOLLARS PER FINE OUNCE
420

12.5 Kg BARS
AFTERNOON FIXING PRICE
400

380

360

340

320

j

i—i
1991


http://fraser.stlouisfed.org/
IFederal Reserve Bank of St. Louis

I

i

i
1992

i

I

i

i
1993

i

I

i

i
1994

i

l

»

i
1995

i

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

10

SWITZERLAND
U.S. FEDERAL FUNDS

—

JAPAN

NETHERLANDS

GERMANY

FRANCE

CANADA

UNITED KINGDOM

1

'

1




•

1

1993

•

1

• '

1

1

• • •

1995

1993

1995

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
CANADIAN FINANCE PAPER

WEIGHTED AVERAGE
FOREIGN RATE

U.S. CD'S

2

3

12
NETHERLANDS INTERBANK RATE
10
U.K. INTERBANK STERLING

8

6

3

4
7

5

FRENCH INTERBANK RATE

JAPANESE CD RATE

3

1
10

5

GERMAN INTERBANK RATE

8
SWISS INTERBANK

6
4

2




1993

1995

1993

1995

3

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

8




8

OVERNIGHT

3-MONTH

7-DAY

6-MONTH

1-YEAR

1-MONTH

1993

1995

1993

1995

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

7

7

3-MONTH

OVERNIGHT

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

90-DAY CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE

DIFFERENTIAL

V

V^Tvyi

I

I




I

DIFFERENTIAL

J11

I rW
I

1

1
1
1993

I

1

1

1

1

I

.A

.1

1
1995

I

J

1

1

I

I

I
I
1993

I

I

I

»

I

I

»
I
1995

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNL

RCENT PER ANNUM

7
CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING

6

COVERED LONDON

5

U.S. COMMERCIAL PAPER
DASHED

EURO-DOLLAR DEPOSITS
DASHED LINE

4

3

2
1

I

1

1

I

1

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

'

I

»

1

»

I

•

I '
1995

DIFFERENTIAL

DIFFERENTIAL
+

0

1
7

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

INTERBANK DM
COVERED FRANKFURT

6

I

I

•

I

I

I

I

SWISS INTERBANK (SF) COVERED

5
EURO-DOLLAR DEPOSITS
4

A

EURO-DOLLAR DEPOSITS
V
DASHED LINE

DASHED LINE

uS

3

2
1

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

»

'

DIFFERENTIAL

I

I

•

I

I

I

•

DIFFERENTIAL

+

0

1

I

I

I

I




I

I I
1993

I

I

I

I

I

I

I I
1995

1

1

»

I

'

1

1993

I

I

'

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

9

11
UNITED KINGDOM

CANADA

FRANCE

SWITZERLAND

JAPAN

'
NETHERLANDS

1
•

'

'




'
1993

1

1

1

'

'

'

1

i

i

i

i

1

1

'

1

I

'

'

GERMANY

1

I

1

'

'

I

'

'
1995

'

i

i

i

I

1993

i' i

i

i

i

i
1995

i

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100

RATIO SCALE
1986=100

./

220

1 200

UNITED KINGDOM

UNITED STATES
200

180

180

160

160

140

140
250

120
160
JAPAN

SWITZERLAND
225

140

200
120
175

100

150

125

160

180
CANADA

GERMANY
140

160

120

140

100

120

190

100
180
FRANCE

NETHERLANDS
160

170
—

150

120

130

110




140

1993

1995

1993

1995

100

14-Jun-95 21-Jun-95 28-Jun-95 5-Jul-95
Chart 1.

12-Jul-95

Spot Exchange Rates and Indices

Noon buying rates (U.S. cents, weekly averages)
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

3.4631
72.503
20.247
71.158
0.06070
1.18499
63.586
86.241
159.71

3.4740
72.500
20.362
71.389
0.06075
1.18076
63.764
86.117
160.20

3.4912
72.732
20.469
71.793
0.06132
1.18133
64.088
86.741
158.97

3.5171
72.821
20.656
72.355
0.06142
1.17918
64.564
87.065
159.36

3.4859
73.589
20.577
71.660
0.06181
1.15219
63.962
86.208
159.26

136 .47
72 .26
91 .24
200 .17
34 ,
.84
310,.27
182..54
277..45
64 .
.60

136 .89
72 .26
91 .75
200 .82
34 .87
309 .16
183 .05
277 .05
64 .79

137.,57
72. 49
92. 24
201. 96
35. 20
309. 31
183. 98
279. 06
64 .30

138 .59
72 .58
93 .08
203 .54
35 .26
308 .75
185 .35
280 .10
64 .45

137 .36
73 .34
92 .72
201 .59
35 .48
301 .68
183 .62
277 .34
64 .42

118 .75
59 .75
76 .78
192 .32
27 .16
297 .30
162 .42
50 .97
244 .76
51 .69
82 .00

119 .25
59 .61
77 .27
193 .31
27 .11
295 .55
163 .11
50 .87
244 .83
51 .63
81 .64

118 .71
60 .59
77 .33
192 .15
27 .43
289 .47
162 .28
51 .19
243 .50
51 .86
82 .12

-0.81
-1.17
1.54
-4.89
4.91
1.77
2.95
-0.56

-0 .74
-0 .92
1 .39
-4 .81
4 .83
1 .72
2,.85
-0..80

-0 .79
-0 .82
1 .44
-4 .99
,
4 .90
1,.80
2..97
-0..82

-0 .64
-0 .59
1 .36
-4 .88
,
5 .04
,
1..71
2.
.95
-0..89

386.74

390.35

389.,10

385. 57

385. 43

6.02
5.94
7.22
7.40
4.46
1.21
4.08
3.04
6.20

6.00
5.94
7.19
7.28
4.44
1.24
4.06
2.61
6.58

5. 95
5. 99
7. 25
7. 14
4. 33
1. 22
4 .02
3. 08
6. 03

6. 21
6. 01
7. 20
7. 04
4. 71
1. 23
4. 00
3. 39
6. 44

5 .81
5. 88
6. 76
6. 84
4 .39
0. 95
4 .04
2. 56
6. 70

Indices, March 1973 base rates = 100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

Weighted average exchange value indices, Mar. 1973=100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. dollar
Chart 2.

3-Month Forward Exchange Rate

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

Gold Price in London, Afterno

U.S. dollars per fine ounce
Chart 4.

118.21
59.79
76.17
191.13
26.97
299.58
161.70
51.39
244.24
52.17
82.39

118.45
59.71
76.55
191.59
26.96
297.98
161.97
51.05
243.58
52.28
82.26

Premium or Discount
-1.07
-1.32
1.58
-4.71
5.02
1.77
2.83
-0.52
Fixing

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom




un -95 21 - Jun-95 28-Jun -95 5-Jul-!95
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

5 .95
7 .22
7 .21
4 .40
1 .15
4 .21
3 .18
6 .56
4 .75

5. 93
6. 91
7. 10
4 .40
1. 18
4 .20
3 .00
6. 57
4 .72

5 .89
6 .85
6 .79
4 .44
1 .16
4 .18
3 .05
6 .73
4 .70

5 .92
6 .94
6 .70
4 .50
1 .17
4 .19
3 .01
6 .82
4 .74

5 .76
6 .59
6 .34
4 .46
0 .98
4 .14
2 .90
6 .69
4 .52

5 .94
5 .94
5 .94
5 .93
5 .86
5 .85

5. 94
5. 94
5 .96
5. 92
5. 79
5. 75

5 .99
5 .98
5 .97
5 .84
5 .73
5 .65

6 .01
6 .01
5 .99
5 .92
5 .84
5 .77

5 .88
5 .83
5 .83
5 .77
5 .68
5 .63

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

12-Jul--95

Selected Euro-dollar & U.S.

• Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

5 .94
6 .02
-0 .08

5. 94
6. 00
-0.06

5 .99
5 .95
0 .04

6 .01
6 .21
-0 .20

5 .88
5 .81
0 .07

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential

5 .93
5 .95
-0 .02

5. 92
5. 93
- 0 . 01

5 .84
5 .89
-0 .05

5 .92
5 .92
-0 .00

5 .77
5 .76
0 .01

Euro-dollar deposit
Interbank sterling (London), covered
Differential

5,.93
6,.03
-0,.10

5 .92
,
6 .00
-0..08

5 .84
5 .92
-0 .07

5,.92
5 .99
,
-0 .07

5,.77
5 .79
-0 .02

U.S. commercial paper
Canadian finance paper, covered
Differential

5 .96
.
6,.13
-0..17

5,.95
6 .08
-0 .13

5 .92
6 .09
-0 .17

5 .94
,
6,.14
-0,.19

5,.76
5 .94
,
-0 .18

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

5..93
6,.00
-0,.07

5,.92
5,.96
-0,.04

5 .84
5 .84
0 .00

5 .92
5..95
-0,.03

5 .77
5 .84
-0..07

Euro-dollar deposit
Swiss interbank, covered
Differential

5 .93
,
6..03
-0..10

5 .92
.
5..97
-0..05

5 .84
5 .92
-0 .08

.92
5.
6..01
-0..09

5,.77
5..87
-0..10

7 .88
.
7 .50
.
6..74
3 .05
.
4 .65
,
6,.86
8,.11
6,.16

7 .80
.
7 .47
,
6,.76
2 .83
,
4 .61
,
6 .90
8 .26
6 .09

7 .95
,
7 .58
.
6,.89
2 .79
,
4 .67
,
6,.99
8 .41
6 .22

7 .81
,
7 .43
.
6..77
2.
.77
4 .62
.
6..83
8..14
6..06

Chart 8.

Chart 9.

Interest Arbitrage, 3-Month Funds

Long Term Government Bellwether Bond Yields
10-year maturity, where available

Canada
France
Germany
Japan
Switzerland
Netherlands
United Kingdom
United States
Chart 10.

7 .88
.
7 .44
,
6..72
3 .04
,
4 .71
.
6,.80
7 .96
,
6,.26

Stock Indices (Wednesday figures )\

150 ,
.92
151 .74
150,.97
149 ,
.70
Canada
146 .01
148 ,
.47
.35
148 ,
.62
148 ,
France
.24
115 .66
118 ,
116 ,
.08
116..70
Germany
91,.77
91,.01
91,.72
90,.46
Japan
156 .59
156 ,
.46
.05
157 ,
156..54
Netherlands
232 ,
230 .64
234 ,
.21
.98
228 .20
Switzerland
196 .52
191,.47
.54
197 ,
.91
194 ,
United Kingdom
214 .37
214 .42
215 .55
211,.98
United States
Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General spliced
at 22dec93, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index,
Financial Times Ordinary, NYSE Composite




156 .97
151,.50
120,.31
100,.25
161,.63
237 ,
.35
200 .39
220 .49
to SBF250

Vo'oicovt^

FEDERAL RESERVE statistical release
July 17, 1995

H.10(512)

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

JULY 14, 1995

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

MONETARY
UNIT

^AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
^IRELAND
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
KNEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
*UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

MEMO:
t*UNITED STATES

DOLLAR

Jul. 10

(CURRENCY UNITS PER DOLLAR)
Jul. 13
Jul. 12
Jul. 11

Jul. 14

0.7146
9.822
28.710
1.3518
8.3223
5.4370
1.3263
4.3045
4.8580
1.3965
226.59
7.7404
31.372
1.6295
1616.25
87.09
2.4495
6.1500
1.5645
0.6727
6.2075
147.10
1.4040
3.6455
760.20
120.700
51.500
7.2435
1.1613
26.210
24.750
1.5905

0.7200
9.872
28.810
1.3541
8.3220
5.4645
1.3206
4.3220
4.8750
1.4037
227.62
7.7410
31.402
1.6315
1624.50
87.45
2.4557
6.1100
1.5723
0.6735
6.2395
147.65
1.4030
3.6520
760.60
120.750
51.000
7.2700
1.1660
26.170
24.770
1.5880

0.7215
9.864
28.840
1.3555
8.3217
5.4595
1.3222
4.3100
4.8770
1.4025
227.35
7.7420
31.370
1.6330
1619.00
87.51
2.4520
6.1175
1.5710
0.6728
6.2315
147.53
1.3990
3.6515
760.70
120.430
50.900
7.2080
1.1660
26.180
24.780
1.5915

0.7327
9.790
28.640
1.3592
8.3214
5.4265
1.3295
4.2850
4.8580
1.3920
225.86
7.7375
31.372
1.6440
1613.75
87.40
2.4495
6.0500
1.5593
0.6756
6.1890
146.62
1.3980
3.6490
760.30
119.490
50.950
7.1785
1.1605
26.210
24.750
1.6005

0.7303
9.789
28.640
1.3593
8.3211
5.4245
1.3303
4.2750
4.8490
1.3919
226.26
7.7380
31.370
1.6390
1611.50
87.89
2.4489
6.0175
1.5594
0.6763
6.1865
146.38
1.3977
3.6495
760.10
119.270
50.550
7.1930
1.1635
26.180
24.750
1.5945

82.14

82.46

82.38

82.03

82.11

XVALUE IS U.S. DOLLARS
**INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1973 = 100. WEIGHTS 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 AUGUST
1978 FEDERAL RESERVE BULLETIN.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (202) 482-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (202) 452-3244.