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(516/517) . sr vtx Selected Interest & Exchange Rates Weekly Series of Charts J u n e 11, 1 9 8 4 Prepared by the FINANCIAL M A R K E T S SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS F E D E R A L 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 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 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN - - | | | I I | I I | I !| M - 140 - 120 - 100 i i i u l i i l i 7 — 80 240 CANADIAN DOLLAR SWISS FRANC /rCr v I I I i x w x y i 200 160 i Illlll,,III I I I 120 180 - - GERMAN MARK \ 160 140 DUTCH GUILDER 120 \ - i i J . - 100 i FRENCH FRANC U.K. POUND 80 — BELGIAN FRANC ITALIAN LIRA ^ - | 1982 1984 | 1982 | — 70 - 60 — 50 - 40 I I I i i IM I tI I III I I I M I II 1984 30 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 Vv/ \ ITALIAN LIRA - CANADIAN DOLLAR A / ^ V y ^ V I - I I 24 /V DUTCH GUILDEFt U. K. POUND -I - y V \ r ~ - 6 9 I I I I I | I I | I I | ! , i l l 11 h i l i i 12 — 6 15 SWISS FRANC GERMAN MARK t, - K aX - I I , , l I I I 16 FRENCH FRANC - JAPANESE YEN 1982 1984 1982 1984 12 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 550 - 550 - 500 - 450 12.5 Kg BARS AFTERNOON FIXING PRICE 500 450 - 400 400 350 350 - 300 300 250 250 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 28 24 24 20 — \ 20 \ u uA ft FRANCE - - S. FEDERAL FUNDS 16 16 - 12 - 8 WNV - -X 12 ~ JAPAN 4 - I I I I I I I I I II m i l i u m I I I I I I 0 24 CANADA 20 EURO-SWISS FRANC 16 12 NETHERLANDS 20 16 U. K. 2-DAY LOCAL AUTHORITY GERMANY - - y EURO-DM - I 1982 1984 I 1982 I 1984 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 22 18 24 U.S. CD S CANADIAN FINANCE CO PAPER 14 10 WEIGHTED AVERAGE FOREIGN RATE 20 # - — h U K INTERBANK STERLING 16 GERMAN INTERBANK RATE e \/A 12 # - \ — — 8 11 I - \ — - SWISS INTERBANK RATE y - JAPANESE BANK LOANS AND DISCOUNTS \ — I I 1982 i 1 1 1 1984 I I 1982 I I I II I I !II II 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER AL 24 20 OVERNIGHT 3-MONTH 16 12 8 4 U 24 - - 20 7-DAY 6-MONTH 16 - - \ 12 8 - 4 i ill Mi ill i 24 20 1-MONTH 1-YEAR 16 12 8 4 1982 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 FEDERAL FUNDS 3-MONTH E U R O - D O L L A R DEPOSITS OVERNIGHT E U R O - D O L L A R DEPOSITS 90-DAY CD* S I\ I I I I I I I I I I I 11111111111 DIFFERENTIAL DIFFERENTIAL - 1 ^ 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 A v AM + 0 A V\ 1 1 11 11 M 1984 1 11 1 1 1 1 11 1 1 1 1 1 1982 II 1 1 1 1 1 1 1 ! 1 1984 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 EURO-DOLLAR DEPOSITS 20 DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER I iitiiln I X'X x/ I- 4 2 DIFFERENTIAL — DIFFERENTIAL — + 0 - 2 ~ i i i I I I 4 28 28 20 SWISS INTERBANK (SF) COVERED INTERBANK DM 20 COVERED FRANKFURT 12 12 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE — DASHED LINE DIFFERENTIAL DIFFERENTIAL - 1982 1984 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1982 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER Al 19 CANADA UNITED STATES 15 - A / V - 11 7 1 1 1 15 UNITED KINGDOM SWITZERLAND 11 — 7 13 MONTHLY GERMANY JAPAN - 9 - - 5 22 U.S. CORPORATE MONTHLY FRANCE 18 Aaa BONDS 14 EURO-DOLLAR BONDS -\ V 10 NETHERLANDS MONTHLY 6 1982 1984 1982 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERES RATIO : 1969= 240 200 UNITED STATES JAPAN 160 12CL 210 170 UNITED KINGDOM FRANCE - 130 90 I I I I I I III I I 70 190 150 GERMANY SWITZERLAND NETHERLANDS CANADA 110 70 180 140 100 80 60 1982 1984 1982 1984 SERIES CHART 1 . LAST VALUE PLOTTED DATE VALUE NAflE SPOT EXCHANGE RATES AID 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 = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR 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 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 6 6 6 6 6 6 6 6 6 6 37.19 0.43389 32.95 139.70 7 7 . 10 12.09 44.71 1.82161 0.05996 12.49 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 6 6 6 6 104.61 113.61 94.60 56.50 76.84 54.50 143.84 71.78 34.06 6 6 6 6 6 6 6 6 6 6 6 132.27 137.33 147.60 119.26 67.90 95.44 64.96 182.29 88.93 39.76 68.07 6 6 6 6 6 6 6 6 0.16 1.95 5.74 -1.99 7.80 5.48 5.30 -3.69 100 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 CHART 2 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE MAR 1 9 7 3 = 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE PREMIUM OR DISCOUNT JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE SERIES CHART 3 . GOLD P R I C E 1H LONDON, AFTERNOON F I X I N G U.S. 4. LAST VALUE PLOTTED DATE VALOB NAME DOLLARS PER F I N E OUNCE JUNE EURO-DOLLAR D E P O S I T B A T E S : 10.72 10.44 7.00 10.32 5.50 5.25 5.94 12.00 10.30 2.02 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 6 6 11.17 6.1# 6.25 11.64 9.63 3.83 8.67 JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 10.44 10.65 10.89 11.46 12.19 13.18 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . JUNE 6 JUNE 6 JUNE 1 MAY 1 1 JUNE 1 JUNE 8 1 JUNE JUNE 1 1 JAN. 8 JUNE 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 S T E R L I N G 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 . 390.88 CALL HONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U. K. CANADA GERMANY EURO-DH JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC 5. 6 SELECTED EURO-DOLLAR AND U . S . 6 HONEY 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 JUNE JUNE JUNE 6 6 6 10.44 10.72 -0.28 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 JUNE JUNE JUNE 6 6 6 11.46 11.17 0.29 LAST VALUE PLOTTED DATE VALOB S E R I E S NAME CHART 0 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE JUNE JUNE 6 6 6 1 1.46 11.62 - 0 . 16 U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , DIFFERENTIAL JUNE JUNE JUNE 6 6 6 10.75 11.80 -1.06 JUNE JUNE JUNE 6 6 6 1 1.46 11.97 -0.51 JUNE JUNE JUNE 6 6 6 11.46 11.70 -0.24 JUNE 1 MAY 18 MARCH MAY 18 MAY 1 1 9 MARCH FEB. 1 JUNE 13.86 COVERED EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T S W I S S INTERBANK, COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. CORPORATE AAA BONDS EURO-DOLLAR CHART 1 0 . f 8. 10 6.64 4.71 13. 57 13.91 8.56 10.46 BONDS MAY NOV. 13.28 10.29 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE J A P A N MAY MAY MAY MAY MAY MAY MAY MAY 30 30 30 30 30 30 30 30 157.87 176.63 220.04 146.12 120.40 148.69 174.08 209.67 FEDERAL RESERVE statistical release JOKE-#, 1984 H.10 (512) FOREIGN EXCHANGE RATES FOB THE MEEK ENDING JUNE 8, 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: MONETARY UNIT COUNTRY •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.a. DENMARK 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 S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND • U N I T E D 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 RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR MEMO: • OHTBfl DOLLAR STATES CURRENCY JUNE JUNE UNITS 90. 35 18, 7 2 7 54. 470 1 6 0 4 . 00 1. 2 9 6 1 2. 1 9 3 0 9 . 8080 5. 6940 8 , 2010 89, 37 18. 7 8 8 54, 8 7 0 1 6 0 4 , 00 3010 2. 1 9 3 0 9 , 8800 5. 7 4 0 0 8. 2 6 5 0 106, 700 7, 8 0 5 0 9800 1 1 4 . 80 1 0 6 . 800 7. 8 0 5 5 10. 9 9 0 0 1 1 3 . 82 2 0 3 . 820 1 6 6 7 . 00 230. 45 2. 3 0 1 5 2. 6660 10. 202. 820 1656. 50 229. 70 2, 2 9 6 5 201. 0000 3. 65. 7. 14. 139. 0125 150 6400 2500 1. 2. 6860 202. 0000 3. 64. 7. 14. 139. 95 50 620 160 9490 2. 2 2 6 0 39. 997 2 3 . 010 1 4 0 . 00 14. 9500 0300 950 7075 2500 100 2. 0 9 7 5 78. 95 798. 50 151. 290 2 5 . 160 8. 0 1 3 0 2. 2 3 4 5 39. 970 2 3 . 010 139. 45 1 4 . 8000 131.50 132.27 200 2. 0 9 3 0 78. 799. 150. 25. 7. f K B DOLLAR), JUNE 89.72 18.891 54,610 1604.00 1.2995 2.1930 9.8300 5.7105 8.2400 2.6780 107.080 7.8055 10.9800 114.23 203.820 1662.00 230.50 2.3065 201.2500 3.0230 64.900 7.6690 NA 139.100 2. 1020 JUNE 7 89.60 18.867 55.000 1604.00 1.3006 2. 1930 9.8910 5.7440 8.2900 2.6950 107.200 7.8050 10.9700 113.45 203.820 1674.50 231.35 2.3045 202.0000 3.0405 64.850 7.7140 NA 139.000 2. 1020 JUNE 8 89.70 18.943 55.050 1604.00 1.3009 2.1930 9.9070 5.7530 8.2960 2.6975 107.400 7.8040 10.9900 113.35 208.540 1675.00 231.72 2.3050 202.5000 3.0435 64.800 7.7120 NA 139.400 2. 1040 77.85 78.50 798.50 152. 110 25.160 7.9780 2.2335 39.970 23.010 1 4 0 . 15 14.8200 78.35 799.50 152.250 25.180 2.2450 39.950 23.010 139.68 15.2500 152.640 25.180 8.0230 2.2490 39.910 23.010 139.35 14.7500 131.92 132.6a 132.73 8.0220 8 0 0 . 10 • I N D E X O F W E I G H T E D AVERAGE EXCHANGE VALUE O F U . S . DOLLAR A G A I N S T C U R R E N C I E S O F OTHER G - 1 1 C O U N T R I E S . MARCH 1 9 7 3 = 1 0 0 * W E I G H T S ARE 1 9 7 2 - 7 6 G L O B A L T R A D E O F EACH OF THE 10 C O U N T R I E S . S E R I E S R E V I S E D AS O F AUGUST 1 9 7 8 . FOR D E S C R I P T I O N AND BACK D A T A , S E E " I N D E X O F THE W E I G H T E D - A V E R A G E EXCHANGE VALUE O F T H E U . S . D O L L A R : R E V I S I O N " ON PAGE 7 0 0 O F T H E AUGUST 1 9 7 8 FEDERAL RESERVE B U L L E T I N . •VALUE IS 9.S. CENTS
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