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S - Y 9 0 (516/517) L I B R A R Y ^ DATA FILE E E D £° F C LH I N 6 0 5 r v E M l Selected Interest & Exchange Rates Weekly Series of Charts July 20, 1987 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL, RESERVE SYSTEM Washington, D C. 20551 B f l s | 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. D A I L Y 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 0 200 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 180 „ ITALIAN LIRA s / V - VAx AA/ a - i i i 1 1 1 III,|||,||| - 50 45 — 40 - 35 - 30 - 25 | | | | | | | | | || 200 180 — — JAPANESE YEN GERMAN MARK 160 r* I - 140 - 120 - 100 I I | I I| I I| I I ,l|I I|||||| 80 f I — I I 1 1 1 120 — - 140 — ^ DUTCH GUILDER CANADIAN DOLLAR V. /v — 100 - 90 — 80 70 - | | | 1 1 1 60 UK. POUND — 80 - 70 - 60 - 50 I IIIIIIIIII 40 FRENCH FRANC — - J i i i i i i i V I ill I I I I III SWISS FRANC BELGIAN FRANC / 90 - 70 ~ 60 50 i^f \,i - 1 1 1 1 1 1 1 1985 I IIIIIIIIII I IIIIIIIIII 1987 240 — — 80 90 — — 100 20 1 1 1 1 1 1 1 1985 — 200 - 180 - 160 - 140 - 120 I I III l u l u 1987 100 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM PERCENT PER Af 4 JAPANESE YEN CANADIAN DOLLAR —j 0 y — 4 I 8 4 I I I I I U. K. POUND SWISS FRANC 0 4 rvs l 8 8 I I GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 + 0 4 4 + 0 4 8 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D( U.S. DOLLARS PER FINE C .ARS PER FINE OUNCE 480 480 460 460 440 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 I 260 1984 1985 I I I I I I I I I I 1986 I I I I I I I I I I I 1987 260 CHART 4 CALL MONEY RATES WEEKLY SERIES PEF NT PER ANNUM PERCENT PER At 16 FRANCE U. S. FEDERAL FUNDS 12 - 8 V~v 4 JAPAN 0 I I I I I I I I I 16 CANADA 12 8 GERMANY 4 0 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANh T PER ANNUM 16 14 U.S. CD'S 12 CANADIAN FINANCE CO. PAPER - 14 10 - 10 8 6 12 WEIGHTED AVERAGE FOREIGN RATE 8 I 4 I l I l i ill i h i l l i l 6 14 16 FRENCH INTERBANK RATE U.K. INTERBANK STERLING - 14 12 10 12 10 v / A - - 8 8 6 10 10 NETHERLANDS INTERBANK RATE 8 8 GERMAN INTERBANK RATE 6 6 v 4 4 - I 2 I I 2 iiluliilii 8 10 8 SWISS INTERBANK RATE JAPANESE GENSAKIRATE " y v / V 6 A 6 s M 2 4 I 2 4 1985 1987 I I I I 1985 I 11111111111 1987 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER Al 14 OVERNIGHT 3-MONTH 12 10 8 6 4 14 7-DAY 6-MONTH 12 10 8 6 4 I I I I I I I IIIIIIIIII 14 1-MONTH 1-YEAR 12 10 8 6 4 1985 1987 1985 1987 w 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 16 16 14 14 12 FEDERAL FUNDS 90-DAY CD* S DASHED LINE DASHED LINE 12 10 10 OVERNIGHT 3-MONTH EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS I 11111111111 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 4 2 DIFFERENTIAL DIFFERENTIAL + 0 J I I I I I I I I I 1 1 1 1 1 1 1 1 1 F 111111111111 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1987 I lI l l 11111111111 1985 11111111111 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM PERCENT PER Ah 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 10 6 EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE I 2 2 I I J_L ' ' I DIFFERENTIAL DIFFERENTIAL 0 J_L 2 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 10 6 EURO-DOLLAR DEPOSITS DASHED LINE I 2 2 EURO-DOLLAR DEPOSITS DASHED LINE I DIFFERENTIAL DIFFERENTIAL + 0 II I I 2 1985 i l l 1987 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1985 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 16 16 — CANADA 14 - 12 12 10 A — 10 8 8 6 I I I I I I 6 14 12 14 10 UNITED KINGDOM __ JAPAN - 10 8 6 / 8 6 I I I I I I ~ 4 2 8 10 GERMANY 6 SWITZERLAND 8 4 6 2 4 17 17 U. S. CORPORATE 15 MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 9 7 7 5 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 500 500 400 - 400 - UNITED KINGDOM 300 f UNITED STATES 200 - - I I I 100 650 - I I I — HIMIHIH I I I 300 200 I I I — 550 - 450 - Am - r 350 JAPAN - y^V FRANCE 250 - - 250 - 200 — 150 I I I 150 — - II 200 500 - II II I - NETHERLANDS 100 . — 300 200 A CANADA 300 - 400 SWITZERLAND \r V - — GERMANY - I I I I I I 1985 1987 1985 1987 SERIES LAST VALUE PLOTTED DATE TALUB SAME CHABT 1. SPOT EXCHANGE RATES AMD INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERHAN «ABK JAPANESE YEN DUTCH GUILDEB U.K. POUND CANADIAN DOLLAB FRENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN ULfiA SWEDISH KB ON A JULY JULY JULY JULY JULY JULY JOLT JULY JULY JULY 15 15 15 15 15 15 15 15 15 15 54.31 0. $6550 48.24 161.82 75.49 16.31 65.14 2.61880 0.07499 15.57 JULY JULY JULY JULY JULY JULY JULY JULY JULY 15 15 15 15 15 15 15 15 15 152.78 174.25 138.49 65. 45 75.44 73.48 209.56 103. 19 42.40 15 15 15 15 15 15 15 15 15 15 15 99.03 164.51 184.65 140.51 62.11 73.20 70.32 212.40 102.54 39.58 67.54 15 15 15 15 15 15 15 15 -1.70 -2. 12 3.19 -1.11 3.24 1.68 3.44 -3.41 INDICES, HARCH 1973 BASE BATES = 100 GEBflAN HABK JAPANESE YEN DUTCH GUILDEB U.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIBA WEIGHTED AVEBAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAB GERHAN HARK JAPANESE YEN DUTCH GUILDEB U.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIRA SWEDISH KROHA JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY CHABT 2. J-MONTH FORWARD EXCHANGE BATES, PREHIUH OB DISCOUNT CANADIAN DOLLAB U.K. POUND GERMAN HABK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JULY JULY JULY JULY JULY JULY JULY JULY SERIES NAME LAST VALUE PLOT DATE VALUE # CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PEE FINE OUNCE JULY 15 447.01 4. CALL HONEY SATES U. S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. 8. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND JULY JULY JULY JULY JULY JULY JULY JULY JULY 15 15 15 15 15 15 15 15 15 6.52 6. 46 8. 77 7.25 3. 53 3.09 7.38 4.94 1.00 JULY JULY JULY JULY JULY JULY JULY JULY JULY 15 15 15 15 15 15 15 15 15 6. 68 3. 77 3. 74 8.51 9. 06 3. 57 7.83 5. 19 6.00 JULY JULY JULY JULY JULY JULY 15 15 15 15 15 15 6.46 6.58 6.71 6.84 7. 00 7.33 OVEBNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL JUL* 15 JULY 15 JULY 15 6. 46 6. 52 -0.06 3—MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL JULY 15 JULY 15 JULY 15 6.84" 6.68 0. 16 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE HEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES; LONDON OVERNIGHT 7-DAY 1-MONTH 3-MO NTH 6-MONTH 1-YEAR 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-HONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JULY 15 JULY 15 JULY 15 6.84 6.89 —0.05 U. S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JULY 15 JULY 15 JULY 15 6.64 6.77 -0. 13 EURO-DOLLAR DEPOSIT INTERBANK Dfl (FRANKFURT), COVERED DIFFERENTIAL JULY 15 JULY 15 JULY 15 6.94 6.99 - 0 . 15 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY 15 JULY 15 JULY 15 6.84 6.94 -0.00 to 10 3 26 26 3 9.32 5.71 4.25 4. 08 9.78 9.28 6.07 8.95 CHART 9. LONG TERM COVERHENT BOND YIELDS | UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM JULY JULY JULY JUNE JUNE JULY MAY JULY 10 U.S. CORPORATE AAA BONDS CHART 10. 9.33 MAY STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JULY JULY JULY JULY JULY JULY JULY JULY 8 8 8 8 8 8 8 8 332.39 401.71 393.19 269. 44 208.47 319.00 424.43 519.99 FEDERAL RESERVE statistical release '••WW-'' H. 101512) JULY 20, 1987 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 17, 1987 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: (CURRENCY UNITS PER DOLLAR) JULY 16 JULY 14 JULY 15 MONETARY UNIT JULY 13 "AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA "IRELAND ITALY JAPAN MALAYSIA NETHERLANDS "NEW ZEALAND NORWAY PORTUGAL SINGAPORE "SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND "UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND 70.75 12.950 38.240 NA 1.3199 3.7314 6.9980 4.4770 6.1350 1.8429 138.650 7.8097 12.9900 145.50 1334.50 150.98 2.5390 2.0745 60.380 6.7430 144.250 2.1238 48.40 811.60 126.800 29.383 6.4330 1.5370 31.130 25.950 161.75 70.70 12.998 38.390 NA 1.3179 3.7314 7.0230 4.4825 6.1550 1.8497 139.100 7.8107 13.0300 145.02 1338.50 151.08 2.5380 2.0823 59.860 6.7625 144.600 2.1195 48.70 811.70 126.900 29.375 6.4450 1.5405 31.130 25.960 161.08 71.00 12.868 37.970 NA 1.3236 3.7314 6.9500 4.4475 6.0950 1.8308 138.100 7.8100 12.9600 146.50 1325.00 148.65 2.5360 2.0605 60.260 6.6950 143.200 2.1125 48.95 811.70 126.100 29.408 6.3900 1.5230 31.130 25.980 163.15 71.16 12.920 38.090 NA 1.3217 3.7314 6.9790 4.4575 6.1170 1.8372 139.000 7.8092 12.9900 145.95 1329.50 150.55 2.5390 2.0685 60.440 6.7200 143.700 2.1165 48.75 811.50 126.200 29.398 6.4140 1.5292 31.140 25.920 163.05 70.98 13.052 38.520 NA 1.3188 3.7314 7.0630 4.5010 6.1850 1.8585 140.700 7.8088 13.0400 144.25 1344.00 152.76 2.5515 2.0920 60.700 6.7630 144.850 2.1225 48.50 811.50 127.100 29.432 6.4720 1.5475 31.140 25.980 160.75 MEMO: •UNITED STATES DOLLAR 99.15 99.41 98.42 98.82 99.88 COUNTRY JULY 17 •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. *VALUE IS U.S. CENTS
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