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(516/517) m? Selected Interest & Exchange Rates Weekly Series of Charts June 1, 1987 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL^ RESERVE SYSTEM Washington, D C. 20551 CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 RATIO S C A L E MARCH 1973=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA GERMAN MARK JAPANESE YEN DUTCH GUILDER CANADIAN DOLLAR U.K. POUND FRENCH FRANC 240 BELGIAN FRANC SWISS FRANC - yr-v-w / - /-VV-^z^W AT J\f - \,l - I 1985 1987 I I I I I 1985 I 11111111111 I I I I I I 1987 — 200 - 180 - 160 - 140 - 120 I 100 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER A N N U M PERCENT PER A N N U M 4 8 JAPANESE YEN CANADIAN DOLLAR - I I 4 I I I I I I I I I I I I 4 12 U. K. POUND SWISS FRANC J - 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 I I I I I I I I I DUTCH GUILDER GERIMAN MARK . - - 4 - 4 — 8 I I I I I I I I I I I ITALIAN LIRA FRENCH FRANC 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ L L A R S PER F I N E OUNCE U.S. D O L L A R S PER FINE OUNCE 480 480 460 460 440 440 12.5 Kg BARS A F T E R N O O N FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 260 I I I I I I I I I I I I I 1984 1985 1986 1987 260 CHART 4 CALL MONEY RATES WEEKLY SERIES 4T PER A N N U M P E R C E N T PER AN 16 16 FRANCE U. S. FEDERAL FUNDS 12 ^V/yA .. - 8 8 4 A . JAPAN i 0 i CANADA 12 ^ V \ W GERMANY - 11111111111 i 16 8 12 4 0 L 16 12 - 8 4 4 11111111111 0 0 20 16 UNITED KINGDOM SWITZERLAND 16 12 12 8 8 4 4 NETHERLANDS 0 0 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM P E R C E N T PER A N N U M 14 12 16 J u.s. CANADIAN FINANCE CO. PAPER CD'S - 14 10 — 12 10 WEIGHTED AVERAGE FOREIGN RATE I 4 I I I I v-\ / ™ 6 I — 16 14 U.K. INTERBANK I STERLING 14 - kJ 12 10 FRENCH INTERBANK RATE - XT II I — 10 V\ ~ | I I 6 I 10 10 NETHERLANDS INTERBANK RATE 8 - GERMAN INTERBANK RATE 6 4 2 12 - - - - I I I I I I — i,l,, h , I, i I I I I I I II I I II I I SWISS INTERBANK RATE JAPANESE GENSAKI RATE A. . y / U I 1985 1987 I I I I 1985 I 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER A N N U M P E R C E N T PER A N N U M 14 - OVERNIGHT 3-MONTH j I I I I I I - i ill H i ill i 14 — 7-DAY 6-MONTH 12 10 8 6 ^ 4 I I I I I I I I I I IlllllI 1-YEAR 12 10 8 6 4 1985 1987 1985 12 - 10 - 8 - 14 1-MONTH — 1987 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 90-DAY CD 1 S FEDERAL FUNDS 12 12 DASHED LINE DASHED LINE 10 10 3-MONTH OVERNIGHT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS I I I II I I 4 »I II » III I » I I I I I I I I I II I II I I I I I I 2 DIFFERENTIAL DIFFERENTIAL r I I I I I I I II I l II I I I I I I M 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1987 I I I I I I II II III I I 1985 I / v-W^ I I I I I I I I I I II I I I I I I I I I I 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS PERCENT PER ANNUM 18 — PERCENT PER ANNUM 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 14 10 10 EURO-DOLLAR DEPOSITS D A S H E D LINE U. S. COMMERCIAL PAPER D A S H E D LINE I I I I I I I 2 DIFFERENTIAL 2 I 2 DIFFERENTIAL I I 11 2 18 18 14 INTERBANK D M COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE D A S H E D LINE DIFFERENTIAL DIFFERENTIAL 1985 RTKCENT ON DIFFERENTIAL 1987 SCALE = 2 P E R C E N T ON RATE S C A L E 1985 1987 CHART..9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES NT PER A N N U M P E R C E N T PER AF 16 16 UNITED STATES CANADA 14 - 14 12 12 10 10 8 8 I 6 I I I I I I I I I I I IIII II II I I I I I 6I I I 10 14 12 UNITED KINGDOM - JAPAN - 8 10 6 8 4 I I I I I I I I 2I I I 6 8 10 GERMANY 6 SWITZERLAND 8 4 6 - till I I I I 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 1 0 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E 1969=100 RATIO S C A L E 1969=100 UNITED KINGDOM UNITED STATES JAPAN FRANCE SWITZERLAND CANADA NETHERLANDS GERMANY 1987 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA MAY MAY MAY MAY MAY MAY MAY MAY MAY MAI 27 27 27 27 27 27 27 27 27 27 55. 69 0.70446 49. 44 164. 97 74. 25 16.67 67. 64 2. 68679 0.07699 15. 91 MAY MAY MAY MAY MAY MAY MAY MAY MAY 27 27 27 27 27 27 27 27 27 156. 65 184. 45 141. 92 66. 73 74. 00 75. 12 217. 62 105.87 43. 74 27 27 27 27 27 27 27 27 27 27 27 96. 62 165. 62 192.57 141. 27 62. 10 70. 21 70. 53 216. 43 103. 21 39. 88 67. 72 27 27 27 27 27 27 27 27 -1. 05 -1. 44 3. 71 -0. 92 3. 54 2.30 3. 61 -2.60 iICES, MARCH 1973 BASE RATES = 100 GEixMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA CHART 2. 3-HONTH FORWARD EXCHANGE CANADIAN DOLLAR U. K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY , PREMIUM OR DISCOUNT MAY MAY MAY MAY MAY MAY MAY MAI SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LOUDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE MAY 27 458.52 MAY MAY MAY MAY MAY MAY MAY MAY MAY 27 27 27 27 27 27 27 27 27 6.80 6.63 8.40 7.25 3.6 3 3. 08 7.89 5.25 1.00 MAY MAY MAY MAY MAY MAY MAY MAY MAY 27 27 27 27 27 27 27 27 27 7. 15 3.67 3.71 8.35 8.83 3.65 8.11 5.05 5. 97 MAY MAY MAY MAY MAY MAY 27 27 27 27 27 27 6.63 6. 88 7.01 7. 36 7.65 8. 18 OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL MAY 27 MAY 27 MAY 27 6. 63 6.80 -0.18 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL MAY 27 MAY 27 MAY 27 7.36 7. 15 0.21 CHABT 4. CALL MONEY BATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH INTEREST BATES 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 BATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON , • - OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1- YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUHDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MAY 27 MAY 27 MAY 27 7.36 7.36 0.00 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MAY 27 MAY 27 MAY 27 7.07 7.27 -0.21 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MAY 27 MAY 27 MAY 27 7. 36 7.41 -0.05 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL MAY 27 MAY 27 MAY 27 7. 36 7. 22 0. 14 22 22 22 8 8 22 8.84 5.30 3.42 4. 11 9.86 8.79 6.22 8. 80 CHART 9. LONG TERM GOVER8ENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM MAY MAY MAY MAY MAY MAY MARCH MAY 22 U.S. CORPORATE AAA BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 8.36 MARCH MAX MAY MAY MAY MAY MAY MAY MAY 20 20 20 20 20 20 20 20 305.33 371.73 368.47 245. 48 194.56 304.47 428.26 54 4.88 FEDERAL RESERVE statistical release MAY 29, 1987 H.10(512) FOREIGN EXCHANGE RATES MAY 29, 1987 FOR THE WEEK ENDING 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 DOLLAR *AUSTRAL IA SCHILLING AUSTRIA FRANC BELGIUM CRUZADO BRAZIL DOLLAR CANADA YUAN CHINA,P.R. KRONE DEM1ARK MARKKA FINLAND FRANC FRANCE D. MARK GERMANY DRACHMA GREECE DOLLAR HONG KONG RUPEE INDIA POUND ^IRELAND LIRA ITALY YEN JAPAN RINGGIT MALAYSIA GUILDER NETHERLANDS DOLLAR *NEW ZEALAND KRONE NORWAY ESCUDO PORTUGAL DOLLAR SINGAPORE RAND *SOUTH AFRICA WON SOUTH KOREA PESETA SPAIN RUPEE SRI LANKA KRONA SWEDEN FRANC SWITZERLAND DOLLAR TAIWAN BAHT THAILAND *UNITED KINGDOM POUND MEMO; •UNITED STATES • INULA ur MAY 25 H O L I D A Y DOLLAR nClun Itu MvervwK t/w-rwiwt- (CURRENCY UNITS PER DOLLAR) MAY 27 MAY 26 MAY 28 MAY 29 71.28 12.705 37.500 NA 1.3445 3.7314 6.7890 4.4000 6.0335 1.8075 134.550 7.8075 12.7400 148.25 1304.75 143.30 2.4940 2.0355 57.430 6.7100 141.150 2.1180 49.75 828.00 126.500 29.005 6.3150 1.4880 31.820 25.680 163.40 71.49 12.795 37.650 NA 1.3467 3.7314 6.8630 4.4280 6.0690 1.8200 135.750 7.8073 12.8900 146.95 1313.50 143.52 2.4945 2.0493 57.450 6.7500 142.100 2.1220 49.30 828.10 127.000 29.018 6.3460 1.5070 31.760 25.760 161.30 71.22 12.773 37.680 NA 1.3440 3.7314 6.8500 4.4190 6.0570 1.8164 135.750 7.8075 12.8500 147.40 1312.00 143.40 . 2.4980 2.0460 57.430 6.7250 142.100 2.1190 49.30 828.20 126.720 29.018 6.3450 1.5065 31.690 25.750 162.55 71.22 12.828 37.880 NA 1.3388 3.7314 6.8670 4.4320 6.0900 1.8240 135.850 7.8085 12.8400 147.00 1317.50 144.10 2.4990 2.0545 57.500 6.7620 142.700 2.1215 49.45 826.40 127.400 29.040 6.3620 1.5125 31.610 25.750 162.95 97.22 97.83 97.62 97.90 • j-iwwv. w. "— 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
@FedFRASER