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(516/517) f Selected Interest & Exchange Rates Weekly Series of Charts > i J u l y 21, 1986 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 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 £ CALE MARCH 1973=100 200 180 RATIO MARCH 197 1=100 50 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA 45 160 40 140 35 120 30 100 25 200 200 180 180 160 JAPANESE YEN GERMAN MARK 160 140 140 120 120 100 100 80 80 140 120 140 DUTCH GUILDER CANADIAN DOLLAR 120 100 100 90 90 80 80 70 70 60 J I 60 111111111111111111111111 90 80 90 U.K. POUND - 80 FRENCH FRANC 70 - 70 60 60 50 50 40 40 120 240 SWISS FRANC BELGIAN FRANC 100 200 90 180 80 160 70 140 60 120 100 50 1984 1986 1984 1986 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 — 4 + 4 0 8 4 4 12 U. K. POUND SWISS FRANC + 0 8 4 4 I 8 8 I I I I I 0 8 DUTCH GUILDER GERMAN MARK 4 4 0 0 8 8 FRENCH FRANC ITALIAN LIRA 0 0 8 8 A 16 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D( U.S. DOLLARS PER FINE C LARS 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 I 260 1983 1984 I i I i i I i i I i. i I i i I i i 1985 1986 260 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER AT :NT PER ANNUM 20 20 16 16 FRANCE U. S. FEDERAL FUNDS 12 12 8 8 4 4 JAPAN 0 0 20 20 16 SWITZERLAND 16 CANADA 12 12 8 8 4 4 0 0 20 20 16 16 UNITED KINGDOM 12 12 GERMANY 8 8 vWvs/v 4 4 NETHERLANDS 0 0 1984 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERC NT PER ANNUM PERCENT PER AN UM 16 14 U . S . CD'S CANADIAN FINANCE CO. PAPER 12 10 8 14 h - 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 - I 4 I I I I I 6 16 14 ' U.K. INTERBANK STERLING IFRENCH INTERBANK RATE 14 - 12 10 12 \ 10 I 8 I I I I - I 8 6 10 10 NETHERLANDS INTERBANK RATE 8 GERMAN INTERBANK RATE 8 6 6 4 4 2 l l l i I I I I I I I 2 8 8 7 SWISS INTERBANK RATE JAPANESE GENSAKI RATE - 4 6 5 - I 4 6 1984 1986 I I I I 1984 I 2 0 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 I 6 I I I I I i ill Hi ill i 16 6 16 6-MONTH 7-DAY 14 14 12 12 10 10 8 8 6 II I I I I I I I l l l l l l l 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 DEFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 16 16 14 FEDERAL FUNDS 3-MONTH DASHED LINE EURO-DOLLAR DEPOSITS 12 10 90-DAY CD' S OVERNIGHT EURO-DOLLAR DEPOSITS 1L I I I I I I I I I I I I DIFFERENTIAL DIFFERENTIAL V^VVVVxAv— I I I 111111111111111111II111 1984 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 4 1986 I I I I I 1984 I I I I I I I I I I I I + 0 11111111111 1986 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 10 - 14 - 10 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER III I I JJJ DIFFERENTIAL DIFFERENTIAL I 2 I I I I 2 18 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL 0 I 1984 1986 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE l 1984 I 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 1? r ~ 15 UNITED STATES CANADA UNITED KINGDOM SWITZERLAND 13 11 9 7 15 13 11 9 7 10 GERMANY JAPAN 8 6 4 18 U. S. CORPORATE MONTHLY 16 FRANCE Aaa BONDS 14 12 NETHERLANDS 10 MONTHLY 8 6 1984 1986 1984 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 350 — - /Xv* UNITED KINGDOM UNITED STATES I I 300 250 Z r* - - I - 200 - 150 11 I n h i l l i 100 — 245 - i / NETHERLANDS - 210 - 175 SWITZERLAND 140 - 105 i i l l Mi i l l i 70 yvV I I I I I I |,, FRANCE GERMANY 350 300 - 250 __ 200 - 150 s V M J - JAPAN — V I I I I 1984 - I 11111111111 1986 1984 1986 SERIES CBAfiT 1 . LAST VALUE PLOTTED DATE VALUE NAME SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING BATES ( U . S . t CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER II. K- POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA INDICES, 8ARCH 1 9 7 3 BASE BATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 2 . 16 16 16 16 16 16 16 16 16 16 46.04 0. 62502 40.86 1 5 0 . 16 7 2 . 64 14.30 56.50 2.23580 0. 06701 14.05 JULY JULY JULY JULY JULY JULY JULY JULY JULY 16 16 16 16 16 16 16 16 16 129.51 163.65 117.31 6 0 . 73 72.40 64.45 1 8 1 . 76 8 8 . 10 3 8 . 07 16 16 16 16 16 16 16 16 16 16 16 111. 150. 190. 129. 63. 77. 67. 201. 95. 38. 66. 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY HAS 15173 = 100 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 22 61 66 73 26 27 27 54 58 69 78 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR 8 . K . POUND GE&HAM MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JULY JULY JULY JULY JULY JULY JULY JULY 16 16 16 16 16 16 16 16 -1.79 -3.30 2.07 -0.68 1.72 0.93 2.02 -4.70 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E IM LOSDON, AFTERNOON F I X I N G U.S. JULY 16 346.85 JULY JULY JULY JULY JULY JULY JULY JULY JULY 16 16 16 16 16 16 16 16 16 6.51 6.56 9.95 8.47 4 . 49 4.41 7 . 14 5.97 1.90 JULY JULY JULY JULY JULY JULY JULY JULY JULY 16 16 16 16 16 16 16 16 16 6.36 4.58 4.61 8.36 9.91 4.75 7 . 14 5.59 6.62 JULY JULY JULY JULY JULY JULY 16 16 16 16 16 16 6.56 6.59 6.56 6.54 6.55 6.60 OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS DIFFERENTIAL JULY 1 6 JULY 16 JULY 1 6 6.56 6.51 0.05 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL JULY 1 6 JULY 1 6 JULY 16 6.54 6.36 0 . 18 CHART 4 . DOLLARS PER F I N E OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAJB DEPOSITS U. K_ CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . J-MONTH I N T E R E S T BATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GE&8AN INTERBANK LOAN JAPANESE GENSAKI R A T I CANADIAN FINANCE PAPER INTERBANK STERLING S i I S S INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK HATE HEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SSITZESLAND) CHART 6 . EURO-DOLLAR D E P O S I T RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET BATES S E R I E S NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON) , COVERED DIFFERENTIAL JULY 16 JULY 1 6 JULY 16 6.54 6.53 0.01 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JULY 16 JULY 16 JULY 16 6.31 6.54 -0.23 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JULY 1 6 JULY 16 JULY 16 6.54 6.68 - 0 . 14 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY 1 6 JULY 16 J U L * 16 6.54 6.49 0 . 05 JULY JULY JULY JUNE JULY JULY MAY JULY 7.33 5.84 5.01 4.17 9 . 75 8.65 6 . 39 9.06 CHART 9 . LONG TERM GOVEfiM£NT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 11 11 11 27 4 4 11 U . S . CORPORATE AAA BONDS CHART 1 0 . 9.13 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS PRANCE JAPAN JUNE JUL! JULY JULY JULY JULY JULY JULY JULY 9 9 9 9 9 9 9 9 249.71 292-73 298.41 260.59 182.74 347.23 370.50 359.42 FEDERAL RESERVE statistical release H.10 (512) JUL! 16, 19tib FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUL I 18, 1986 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 BELG1UH BRAZIL CANADA CHINA,P.R, DENHARK FINLAND FRANCS GERJLANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS •NEW ZEALAND NORWAY PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDON DOLLAR SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE HARKKA FRANC D . HARK DRACHHA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE SSCUDO DOLLAR RAND HON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND HERO: •UNITED STATES DOLLAR JULY 14 /niRHKiirT nnTT_q PRO n n n i B i JULY 16 JULY 15 64.19 15.347 44.920 13.84 1.3769 3.7129 8 . 1660 5.1290 7.0150 2.1805 140.000 7.8130 12.6200 137.42 1498.00 160.25 2.6700 2.4570 53.250 7.6480 150.200 2.1935 38.00 889.70 138.980 28.068 7.1530 1.7810 38.120 26.300 148.05 64.10 15.240 44.640 13.84 1.3745 3.7129 8.1235 5.1010 6.9950 2.1660 140.500 7.8148 12*5400 138.28 1489.00 159.50 2.6700 2.4405 53.200 7.5270 149.300 2.1870 38.25 889.60 137.950 28.068 7.1080 1.7595 38,120 26.240 149.40 63.71 1 5 . 106 44,330 13-84 1.3760 3.7129 8 . 0585 5.0640 6.9430 2.1500 1 3 8 . 150 7.8135 12.4700 138.88 1477.00 158.40 2.6490 2.4240 53.300 7. 4735 148.350 2.1850 38.50 8 8 9 . 10 136.950 28.065 7,0560 1.7425 3 8 . 120 26.190 151.40 111.73 111.08 110.27 I r . n JULY 17 JULY 18 63.68 15.085 44.350 13.84 1.3750 3.7129 8.0480 5.0590 6.9350 2.1475 138.250 7.8145 12,5300 138.90 1475.00 157.35 2.6500 2.4215 53,400 7.4570 148.000 2.1835 38.75 889.10 136.800 28.068 7.0500 1.7447 38.120 26.160 151.50 63.82 14.990 43.990 13.84 1.3753 3.7129 8.0070 5.0405 6.8875 2 . 1310 138.000 7.8130 12.5900 1 3 9 . 45 1464.00 156.45 2.6650 2.4010 53.400 7.4320 147.750 2.1830 38.75 888.60 135.900 28.077 7.0220 1.7240 38.120 2 6 . 160 150.45 109.55 110.09 "•ncneu^r o c nil COO Mills. HARCfl 1 9 7 3 = 1 0 0 . S U S H I S A M 1 9 7 2 - 7 6 GLOBAL TRADE OF BACH OF 1 H 1 10 COIMT1IBS. S 1 1 I S S IBWISSD AS o r AOG0ST 1 9 7 8 . FOR DESCRIPTION AMD .BACK DATA, S I S "INDJtf Of THE •1XGHT1D—AYBRAGB EXCHANGE VALUE OF THE O . S . DOLLAR: REVISION" 0 1 PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE BULLETIN. *VAL0E I S O . S . CUTS
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