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(516/517)
DATA FILE x
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library
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A .
Selected Interest &
Exchange Rates
XAfeekly Series of Charts
j July 9, 1984.
'
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 PR ICE-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
& 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
RATIO
MARCH 197
160
140
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
CANADIAN DOLLAR
SWISS FRANC
120
100
80
120
100
fX/—x——
80
/V
w
^
A v y v
V
-
60
I
I
I I l u l l ill I
I
180
160
GERMAN MARK
140
DUTCH GUILDER
120
100
120
100
U.K. POUND
FRENCH FRANC
BELGIAN FRANC
ITALIAN LIRA
80
60
50
160
140
120
100
-
80
III
60
1982
I
1984
I
I
1982
1984
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (*) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
6
24
—
I
I
I
I
I
k
I
—
A/U
J
IU. K. POUND
-
6
9
I
I I
I
I I
ITALIAN LIRA
—
CANADIAN DOLLAR
I I
I
II
I
II
I
II
i
i
i
-
+
0
11111111111
24
DUTCH GUILDER
F
\
I
/ :
,
I
-
I
6
12
15
T\
GERMAN MARK
aAA
. :
SWISS FRANC
-
-
I
I I
I
I I
ni.ii.ihi
I
I
I
I
I
I
16
FRENCH FRANC
-
12
-
8
-
4
JAPANESE YEN
+
0
1982
1984
1982
1984
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
550
600
-
550
12.5 Kg BARS
AFTERNOON FIXING PRICE
500
-
450
-
400
-
350
-
-
350
300
-
-
300
500
-
400
250
450
250
1981
1982
1983
1984
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM "
28
24
24
-
20
-
\
20
V
U. S. FEDERAL FUNDS
yfk
16
12
8
4
—/
V
-
-
-
Z R
n
FRANCE
WNl/v
-X
—
-
16
-
12
-
8
JAPAN
-
4
-
I
I
I
I
I
I
I I l u l l I III
i
I
I
I
l
l
i l l HI MI n
111111111 u
0
24
CANADA
20
EURO-SWISS
FRANC
16
12
NETHERLANDS
I
I
IIII
I
20
-
—
U. K. 2-DAY LOCAL AUTHORITY
GERMANY
12
-
EURO-DM
1982
1984
I
I
I
I
1982
—
8
-
4
*
—
I
16
I
M I M I M I M
1984
„•
CHART 5
•
3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
CANADIAN FINANCE CO.
PAPER
WEIGHTED AVERAGE
FOREIGN RATE
U.K. INTERBANK STERLING
GERMAN INTERBANK RATE
SWISS INTERBANK RATE
JAPANESE BANK
LOANS AND DISCOUNTS
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANN#
24
OVERNIGHT
3-MONTH
-
—
20
7-DAY
6-MONTH
16
—
- y
12
-
1 1 1
I
I
I
I IIItIIIIII
1-MONTH
1982
1-YEAR
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
3-MONTH
-
22
-
18
-
14
-
10
E U R O - D O L L A R DEPOSITS
14
OVERNIGHT
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 111 i_L
f/^'
/ 1
±1
iDIFFERENTIAL
l
kd
Pyi
.
DIFFERENTIAL
I
"
v
» iVMI
U
VAAJ
I
l
I
I
I
I
I
11111111111
1982
1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E
I I I I I I I I I I I
1984
i
i
i
I
I
1982
I
I I
II
I
I
I I
I
I I
1111 I 1111 I I
1984
CHART 8
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
20
EURO-DOLLAR DEPOSITS
-
DASHED LINE
-
20
-
12
CANADIAN FINANCE
CO. PAPER, COVERED
12
-
INTERBANK STERLING
COVERED LONDON
U. S. COMMERCIAL PAPER
— -
DIFFERENTIAL
—
DIFFERENTIAL
-
-
—w~
2
~ l
I
I
I
I
I
ii I i i h i l i i
28
28
20
SWISS INTERBANK (SF) COVERED
INTERBANK DM
-
20
-
12
11111111111
4
COVERED FRANKFURT
12
4
-
h
EURO-DOLLAR D E P O S I T S ^
I
EURO-DOLLAR DEPOSITS
DASHED LINE
—DASHED LINE
I
I
I
DIFFERENTIAL
H
{ u w y v
r
I
I
I
2
IDIFFERENTIAL
+
0,
>s\/vyXyvA//\
7
I
I
1982
I
11 I I I 1 1 1 1 I I
1984
1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E
U
" j
I
I
I
I
1982
I
1984
G
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
•
19
CANADA
15
-
Ywi
UNITED STATES
-A/
#
J
11
e
-
7
15
" l
I
I
~
11
"
I
I I I
—
—
[ J \R
»
UNITED KINGDOM
7
~
1 1 1
13
SWITZERLAND
—
-
I
I
..InI..In
I
I
I
I
I
I
I
I IIIIIIIIII
MONTHLY
13
GERMANY
JAPAN
9
15
~
-
e
V
-
I IIIIIIIIII
U. S .
CORPORATE
MONTHLY
FRANCE
Aaa BONDS
EURO-DOLLAR BONDS
~\
NETHERLANDS
MONTHLY
1982
1984
1982
1984
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
240
240
200
-
160
-
UNITED STATES
120
—
-
-
-
JAPAN
-
200
-
160
/
120
-
i
i
i
I
i
r
i
I
210
I
I
I
I
I l l , i l l . I n
I
—
__
_
170
UNITED KINGDOM
170
v V V /
FRANCE
.
—
130
-
130
-
90
-
-
70
I
190
—
150
-
I
I
I
I
—
I
11111111111
I
I
I
I
I
I
^
r W v
190
-
SWITZERLAND
-
150
X
110
-
I
I
I
I
I
I
I
I
I
I
I I
II
III
—
180
I
I
~~ -
INETHERLANDS
Ir V y A
-
-
CANADA
80
I
I
I
I
I
1982
I
1984
360
280
—
-
—
-
Ml,,I,,III
70
—
—
-
I
—
—
140
60
~
110
I I |I I |I I |I I
—
100
V\
-
70
90
70
—
GERMANY
210
\
I
I
I
I
I
1982
I
-
200
-
160
I IIIIIIIIII
1984
120
SERIES
*
,'HART 1 .
SPOT
LAST VALUE PLOTTED
DATE
VALUE
NAME
EXCHANGE RATES AND I N D I C E S
WEEKLY AVERAGES,
NOON BUYING RATES
(U.S.
CENTS)
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
INDICES,
MARCH 1 9 7 3
BASE RATES =
GHTED AVERAGE EXCHANGE VALUE I N D I C E S ,
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
U . S . DOLLAR
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
3-MONTH FORWARD EXCHANGE R A T E S ,
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
S W I S S FRANC
DUTCH GUILDER
J A P A N E S E YEN
ITALIAN LIRA
4
4
4
4
4
4
4
4
4
4
35.79
0. 41985
31.75
134.94
75.88
1 1.66
42.71
1.75843
0.05819
12,20
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
4
4
4
4
4
4
4
4
4
100.68
109.93
9 1 . 15
5 4 . 58
75.63
52.55
137.42
69.29
33.05
4
4
4
4
4
4
4
4
4
4
4
136.78
1 3 5 . 38
146.53
117.87
67.28
9 6 . 52
64.24
178.70
8 8 . 10
39.60
68.23
100
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
BELGIAN FRANC
ITALIAN LIRA
':HART 2 .
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
MAR 1 9 7 3 =
100
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
PREMIUM OR DISCOUNT
JULY
JULY
JULY
JULY
JULY
JULY
JULY
JULY
4
4
4
4
4
4
4
4
0.
2.
6.
-0.
7.
6.
6.
-3.
17
78
28
22
82
06
02
19
LAST VALUE PLOTTED
DATE
VALUE
S E R I E S NAME
CHART 3 .
GOLD P R I C E I N LONDON,
U.S.
CHART 4 .
AFTERNOON F I X I N G
DOLLARS PER F I N E OUNCE
EURO-DOLLAR
DEPOSIT RATES:
JULY
JULY
JULY
JUNE
JULY
JULY
JULY
JULY
JAN.
JULY
4
4
6
8
6
6
6
6
1
6
10.91
11.21
8 . 13
10.84
5.50
5.39
6.06
12.00
10.30
5.80
JULY
JULY
JULY
JULY
JULY
JULY
JULY
4
4
4
4
4
4
4
11.71
6 . 11
6.25
12.59
9.50
4.47
8.82
JULY
JULY
JULY
JULY
JULY
JULY
4
4
4
4
4
4
1 1 . 21
1 1. 51
1 1 . 79
1 2 . 20
12. 71
1 3 . 54
LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7 .
370.66
3-MONTH I N T E R E S T RATES
U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET
GERMAN INTERBANK LOAN
J A P A N E S E BANK LOANS 6 DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK STERLING
S W I S S INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
CHART 6 .
4
CALL MONEY RATES
U . S . FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR D E P O S I T S
U.K.
CANADA
GER15ANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
E U R O - S W I S S FRANC
CHART 5 .
JULY
SELECTED EURO-DOLLAR AND U . S .
MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR D E P O S I T S
U . S . FEDERAL FUNDS
D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS
JULY
JULY
JULY
4
4
4
1 1 . 21
10. 91
0 . 30
3-MONTH EURO-DOLLAR D E P O S I T RATE
U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET
DIFFERENTIAL
JULY
JULY
JULY
4
4
4
1 2 . 20
11. 71
0 . 49
SERIES
CHART 8 .
INTEREST
LAST VALUE PLOTTED
DATE
VALUE
NAME
ARBITRAGE,
3-MONTH FUNDS
EURO-DOLLAR D E P O S I T
INTERBANK S T E R L I N G (LONDON),
DIFFERENTIAL
JULY
JULY
JULY
4
4
4
12.20
12.35
- 0 . 15
JULY
JULY
JULY
4
4
4
11.28
12.76
-1.48
EURO-DOLLAR D E P O S I T
INTERBANK DM ( F R A N K F U R T ) , COVERED
DIFFERENTIAL
JULY
JULY
JULY
4
4
4
1 2 . 20
12.49
-0.29
EURO-DOLLAR D E P O S I T
S W I S S INTERBANK, COVERED
DIFFERENTIAL
JULY
JULY
JULY
4
4
4
12.20
12.38
- 0 . 18
JUNE
JUNE
MARCH
JUNE
JUNE
MAY
FEB.
JUNE
29
15
13.79
8.05
6.64
4.71
13.65
13.73
8.56
10.58
U . S . COMMERCIAL PAPER
CANADIAN FINANCE P A P E R ,
DIFFERENTIAL
CHART 9 .
U. 5 .
->
10.
22
8
4
29
CORPORATE
AAA BONDS
EURO-DOLLAR BONDS
CHART
COVERED
LONG TERM GOVERMENT BOND Y I E L D S
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
#
COVERED
MAY
NOV.
13.28
10. 29
STOCK I N D I C E S
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
JUNE
27
27
27
27
27
27
27
27
159.59
179.44
218.92
149.52
119.94
148.69
171.06
209.28
.••ofcowy.
FEDERAL RESERVE statistical release
H.10 (512)
JOLT
6,
1984
FOREIGN EXCHANGE RATES
FOB THE WEEK ENDING
JULY
6, 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.R.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ISRAEL
ITALY
DOLLAR
SCHILLING
FRANC
CRUZEIRO
DOLLAR
YUAN
KRONE
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
SHEKEL
LIRA
YEN
^JAFAN
M A L A Y S I A
RINGGIT
PESO
"EXICO
NETHERLANDS
GUILDER
•NEW ZEALAND
DOLLAR
NORWAY
KRONE
PHILIPPINES
PESO
PORTUGAL
ESCUDO
SINGAPORE
DOLLAR
•SOUTH AFRICA
RAND
SOUTH KOREA
WON
SPAIN
PESETA
SRI LANKA
RUPEE
SWEDEN
KRONA
SWITZERLAND
FRANC
TAIWAN
DOLLAR
THAILAND
BART
•UNITED KINGDOM POUND
VENEZUELA
BOLIVAR
MEMO:
•UNITED STATES
DOLLAR
JOLT
2
85.83
19.585
56.800
1728.00
1.3165
2.2529
10.2425
5.9210
8.5660
2.7915
110.530
7.8200
11.2200
109.60
11
1717.50
238.50
2.3230
201.0000
3.1*75
63.220
8.0200
MA
147.000
2.1365
73.10
805.50
158.780
25.180
8.1950
2.3425
39.680
23.020
135.08
13.9500
136.70
f c n R B M r Y m m rs
JOLT 3
86.17
19.790
57.310
1728.00
1.3192
2.2529
10.3450
5.9550
8.6560
2.8205
110.750
7.8205
11.2400
108.50
Mi
1728.00
239.63
2.3230
197.5000
3.1815
62.850
8.0790
MA
148.000
2.1420
71.07
806.50
159.400
25.200
8.2375
2.3645
39.660
23.020
133.70
13.9000
137.81
PER DOI.L1R1
JOLT 4
H
0
L
I
D
A
T
0.25
JOLT
5
84.70
19.837
57.460
1753.00
1.3270
2.2710
10.3645
5.9830
8.6800
2.8292
111.350
7.8205
11.2500
108.10
244.810
1739.00
240.35
2.3250
197.0000
3.1915
62.400
8.1405
MA
149.000
2.1440
69.70
807.60
160.400
25.200
8.2615
2.3740
39.620
23.020
131.80
13.5000
138.49
JOLT
6
84.20
19.910
57.630
1753.00
1.3265
2.2869
10.3920
6.0005
8.7150
2.8385
111.600
8.0500
11.2700
107.70
247.020
1742.00
241.25
2.3260
198.0000
3.2010
62.400
8.1560
MA
149.000
2.1430
67.00
808.60
160.600
25.200
8.2930
2.3870
39.600
23.020
131.62
13.1000
138.88
#INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAR AGAINST CURRENCIES OF OTHER G - 1 1
COUNTRIES. MARCH 1 9 7 3 * 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1 9 7 8 . FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: REVISION" ON PAGE 7 0 0 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
•VALUE I S U . S . CENTS
@FedFRASER