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(516/517)
#•
DXTX F / l f
Selected Interest &
Exchange Rates
Weekly Series of Charts
f
i
July 2,1984.
Prepared by the
FINANCIAL MARKETS
SECTION
DIVISION OF
INTERNATIONAL FINANCE
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551
v
z
t
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
160
160
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
140
120
100
JAPANESE YEN
-
~
-
- /
—
-
~i
80
i
i
i
i
-
140
—
120
-
100
iii H h i i , i M I M I M I M
i
80
—
240
SWISS FRANC
CANADIAN DOLLAR
Kif X v
l
l
/v\/>—V—^—"
200
^
160
-
l
120
180
160
GERMAN MARK
<
-
DUTCH GUILDER
140
120
100
I
I
I
I
I
I
FRENCH FRANC
U.K. POUND
80
160
140
70
—
—
60
-
-
50
-
40
11111111111111111111111
30
BELGIAN FRANC
I
120
100
-
80
-
60
—
—
ITALIAN LIRA
-
i
i
i
| ||
1982
1984
1982
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
\
ITALIAN LIRA
-
CANADIAN DOLLAR
-
A
24
K
U. K. POUND
l
DUTCH
GUILDERt
I
I
-
I-
I
6
15
SWISS FRANC
-
GERMAN MARK
-
V
-
FRENCH FRANC
fl
1982
JAPANESE YEN
1984
1982
1984
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
LLARS PER FINE OUNCE
U.S. DOLLARS PER FINE OUNCE
600
550
12.5 Kg BARS
AFTERNOON FIXING PRICE
500
450
400
350
300
250
1981
1982
1983
1984
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
28
24
20
\
a
FRANCE
-
U. S. FEDERAL FUNDS
-X
JAPAN
|I
I
-
16
-
12
-
8
4
I
I
I I | M | || | | | n i l , I ,,|| , 0
I
24
CANADA
20
EURO-SWISS
FRANC
16
12
NETHERLANDS
U
20
16
U. K. 2-DAY LOCAL AUTHORITY
GERMANY
12
w r x
"
w
EURO-DM
I
1982
1984
I
1982
I
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
16
U.K. INTERBANK STERLING
12
GERMAN INTERBANK RATE
12
8
8
4
11
12
I SWISS INTERBANK RATE
IV
9
-
8
JAPANESE BANK
LOANS AND DISCOUNTS
4
7
I I I I I I I I0I I I
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
-
\r\
i vVM
f\ aa.
OVERN GHT
-
3-MONTH
16
\
lJ
—
MINIUM!
II
I
I
7-DAY
6-MONTH
1-MONTH
1-YEAR
1982
1984
20
1982
I
-
12
-
8
| | |«ii.7
|
| | | | | | |
111.11
1984
4
CHART 7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), F A V O R S BORROWING IN U. S.
AVERAGES FOR W E E K ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
26
26
22
22
FEDERAL FUNDS
18
3-MONTH
18
E U R O - D O L L A R DEPOSITS
14
14
OVERNIGHT
10
90-DAY CD* S
E U R O - D O L L A R DEPOSITS
/
10
\
I I I I I I I I I I I
I I I I I I I
DIFFERENTIAL
DIFFERENTIAL
AAA/Uvi
rKj
+
0
J
111111111111111111111111
1982
1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E
1984
I
i
i
1
1
1982
1
I I
I
II
I
II
I
II
I I
I
II
I
II
1984
I
Il
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
20
EURO-DOLLAR DEPOSITS
—
.
20
DASHED LINE
CANADIAN FINANCE
CO. PAPER, COVERED
Pi
12
12
-
INTERBANK S T E R L I N G ^ * * ,
COVERED LONDON
U. S. COMMERCIAL PAPER
I
I
I
-
DIFFERENTIAL
—
DIFFERENTIAL
" ^ V
X
( Y
W V ^
I
nil III
I
I
II I I I I I I I I I
4
28
28
-
SWISS INTERBANK (SF) COVERED
20
20
INTERBANK DM
COVERED FRANKFURT
u
12
-
12
I
W
EURO-DOLLAR D E P O S I T S ^
EURO-DOLLAR DEPOSITS
DASHED LINE
—DASHED LINE
DIFFERENTIAL
DIFFERENTIAL
-
IA
IIIIIIII111
1982
I IIIIIIIIII
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
I
I
I
I
1
A,
1
1982
/ V
V
/
V W \ ^ V ^
I "
1
1984
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER Ah
ENT PER ANNUM
19
19
—
&
jh
I
CANADA
UNITED STATES
15
-
11
11
—
II I I I I I I I I I
7
7
9
15
UNITED KINGDOM
SWITZERLAND
—
5
11
I
7
13
15
I
illiiIiiIiiIiiIi
I
I
I I I I I I I I I I I
I
1
13
MONTHLY
GERMANY
JAPAN
-
9
9
-
5
5
22
22
U. S. CORPORATE
MONTHLY
FRANCE
18
18
Aaa BONDS
14
14
EURO-DOLLAR BONDS
10
"\
V
10
NETHERLANDS
MONTHLY
6
6
1982
1984
1982
1984
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
240
200
UNITED STATES
-
JAPAN
-
-
160
-
-
rj
120
-
210
-
—
170
UNITED KINGDOM
130
90
-
150
110
/ V V /
FRANCE
—
-
/V\
-
-
I
70
190
A
H
A
I
-
GERMANY
I
70
I I| I ,|II| I,
I
I
I
I
I
^
-
AA/\-
SWITZERLAND
I
—
—
180
140
100
INETHERLANDS
I
-
V*/
y
R WA
I
I
I
I
I
1982
I
-
—
-
I
CANADA
-
80
60
—
-
-
, , | , ,
1984
1982
1984
LAST VALUE PLOTTED
DATE
VALUE
S E R I E S NAME
^HART
1. SPOT E X C H A N G E R A T E S AND I N D I C E S
WEEKLY
A V E R A G E S , NOON BUYING BATES
(U.S. C E N T S )
G E R M A N MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. P O U N D
CANADIAN DOLLAR
FRENCH FRANC
SWISS F R A N C
BELGIAN F R A N C
ITALIAN LIRA
S W E D I S H KRONA
INDICES, M A R C H
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 , HAB
(G- 10 C O U N T R I E S PLUS S W I T Z E R L A N D )
CHART 2,
27
27
27
27
27
27
27
27
27
27
35.84
0. 42237
31.82
135.57
76.36
11.68
43.04
1.76107
0.05818
12.22
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
27
27
27
27
27
27
27
27
27
100.81
110.59
91.34
54.83
76. 10
52. 63
138.47
69.40
33. 05
27
27
27
27
27
27
27
27
27
27
27
136.36
135.21
147.11
117.84
67.44
96.92
64.18
179.68
88.01
39. 49
68.20
27
27
27
27
27
27
27
27
0. 10
2.75
6.24
-0.28
7.54
5.98
5.88
-3.08
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
F R E N C H FRANC
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
U. S. DOLLAR
G E R M A N 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 F R A N C
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
S W E D I S H KRONA
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
1973 =
100
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
3 - M O N T H F O R W A R D E X C H A N G E B 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
F R E N C H FBANC
SWISS F R A N C
DUTCH G U I L D E R
J A P A N E S E YEN
ITALIAN LIRA
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
LAST VALUE P L O T T E D
DATE
VALUE
S E R I E S SAME
C H A R T 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
U.S.
FIXING
D O L L A R S PER FINE O U N C E
CHART 4. C A L L
J U N E 27
370. 61
MONEY R A T E S
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JAN.
JUNE
27
27
29
8
29
29
29
29
1
29
11. 27
11. 35
8. 00
10. 84
5. 50
5. 17
5. 81
11. 69
10. 30
1. 27
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
27
27
27
27
27
27
27
11. 67
6. 10
6. 27
12. 07
9. 44
4. 51
8» 76
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
27
27
27
27
27
27
11. 35
12. 14
11. 89
12. 09
12. 54
13. 45
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
J U N E 27
JUNE 27
J U N E 27
11. 35
11. 27
0- 08
3 - M O N T H E U R O - D O L L A R DEPOSIT R A T E
U.S. 90-DAY CD'S, SECONDARY MARKET
DIFFERENTIAL
JUNE 27
JUNE 27
J U N E 27
12. 09
11. 67
0. 42
U.S. FEDERAL FUNDS
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. 90-DAY CD'S, SECONDARY MARKET
GERMAN INTERBANK LOAN
JAPANESE BANK LOANS & DISCOUNTS
C A N A D I A N F I N A N C E PAPER
INTERBANK STERLING
SWISS INTERBANK 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 PLUS S W I T Z E R L A N D )
C H A R T 6. E U R O - D O L L A R
D E P O S I T R A T E S : 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
SERIES
C H A R T 8. I N T E R E S T
NAME
LAST VALUE PLOTTED
DATE
7AJ.0E
ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), COVERED
DIFFERENTIAL
J U N E 27
J U N E 27
JUNE 27
12. 09
1 2 . 25
- 0 . 17
U.S. COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
J U N E 27
JUNE 27
J U N E 27
22
12. 18
- 0 . 96
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
JUNE 27
J U N E 27
J U N E 27
12. 09
12. 43
- 0 .35
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, C O V E R E D
DIFFERENTIAL
JUNE 27
J U N E 27
J U N E 27
12. 09
12. 13
- 0 . 05
JUNE 22
J U N E 15
MARCH
8
JUNE
8
JUNE
9
MARCH
FEB.
J U N E 22
13. 55
8. 05
6. 64
4. 74
13. 6 5
13. 91
8. 56
10. 52
CHART 9. LONG TERM G O V B B M E N T
UNITED STATES
GERMAN!
J A P A N (MONTHLY)
SWITZERLAND
CANADA
FRANCE
N E T H E R L A N D S (MONTHLY)
UNITED KINGDOM
11.
BOND YIELDS
U.S. C O R P O R A T E
AAA B O N D S
EURO-DOLLAR
CHART
10.
STOCK
BONDS
INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
13. 28
1 0 . 29
MAY
NOV.
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
20
20
20
20
20
20
20
20
162. 7 7
179. 16
2 2 1 . 15
148. 59
120. 04
144. 25
167. 84
207. 83
• " zxf GOV-
FEDERAL RESERVE statistical release
•m
JUNE 29, 1984
H.10 (512)
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
JUNE 29,
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:
COUNTRY
MONETARY
UNIT
•AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHINA,P.RDENMARK
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ISRAEL
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
•NEW ZEALAND
NORWAY
PHILIPPINES
PORTUGAL
SINGAPORE
•SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM
VENEZUELA
DOLLAR
SCHILLING
FRANC
CRUZEIRO
DOLLAR
YUAN
KRONE
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
SHEKEL
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
PESO
ESCUDO
DOLLAR
BAND
WON
PESETA
RUPEE
KBONA
FRANC
DOLLAR
BAHT
POUND
BOLIVAR
MEMO:
•UNITED STATES
DOLLAR
JUNE 25
(CURRENCY UNITS PER DOLLAR
JUNE 27
JUNE 26
JUNE 28
JUNE 29
86. 15
19.523
56.650
1728.00
1.3199
2.2529
10.2025
5-8910
8-5360
2.7815
110.250
7.8200
11-2200
109.85
235.700
1714.00
237.30
2.3190
203.0000
3- 1355
63.400
7.9860
NA
146.750
2.1320
73.60
806.40
157.780
25-180
8.1795
2.3310
39.710
23.000
135.75
13-9500
85.50
19,685
57.020
1673.00
1.3104
2.2417
10.2610
5.9205
8.6040
2.8035
110.850
7.8185
11.1700
109.22
235.650
1725.00
237.95
2.3245
192.7500
3.1570
63.150
7.9280
NA
144.500
2.1295
74.25
805.40
158.100
25.180
8.1940
2.3360
39.800
23.010
135.10
14.4200
86. 10
19.542
56.700
1673.00
1.3117
2.2529
10.2035
5.8870
8.5480
2.7865
110.250
7.8110
11.1800
109.90
235.650
1715.50
237.08
2.3155
194.0000
3.1390
63.300
7.9680
NA
144.500
2.1230
74.15
806.40
157.570
25.180
8.1780
2.3220
39.780
23.010
135-32
14.6000
86.05
19.585
56.930
1699.00
1-3154
2.2529
10.2460
5.9130
8.5850
2-7965
110.400
7-8160
11.1600
109.40
NA
1722-00
238-00
2.3205
196.0000
3-1530
63-280
7.9980
NA
144-700
2. 1280
73-65
805.40
157.600
25.180
8-2080
2.3320
39.760
23-020
134-90
14-3000
86.68
19.540
56.720
1699.00
1.3160
2-2529
10-2460
5.9020
8.5440
2-7835
110.550
7-8200
11.2100
109.80
235.700
1715.00
237.30
2.3195
200.0000
3. 1345
63-400
7.9940
NA
145.900
2. 1340
73.55
805.40
158.540
25.180
8.1875
2.3270
39.740
23.020
135.25
14.2000
136.90
136.31
136-82
136-34
136.26
#INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST C U R R E N C I E S OF OTHER G-1?
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 EACK DATA, SEE "INDEX OF THE
HEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL R E S E R V E BULLETIN.
•VALUE IS U.S. C E N T S
@FedFRASER