Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : June 19, 1995

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Selected Interest &
Exchange Rates
Weekly Series of Charts

June 19,1995

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DC. 20551




Table of Contents

TABLES
1. LATEST FIGURES PLOTTED
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




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100

120

RATIO SCALE
MARCH 1973=100
150

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

100

BELGIAN FRANC
130

80

60
300

110

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l

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i

JAPANESE YEN

SWISS FRANC

260

» '

90
390
330
270

220

180
100

210

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•

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105
CANADIAN DOLLAR

80

85

U.K. POUND

60

65

I

40
195

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1

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1

1

1

1

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45
215

GERMAN MARK

DUTCH GUILDER

175

195

155

175

i

135
115

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» •

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1

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» I

» I

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155
75

ITALIAN LIRA

FRENCH FRANC

95

55

75

55

I 150

35

1

'

» I




1

1

1993

1

1

1

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'

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1995

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1993

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1995
15

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR H
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
2

PERCENT PER ANNUM
2
U.K. POUND

7W

—

1
CANADIAN DOLLAR

1

1

1

I

1

1

1 1 1 I

1

1 1 1 1 1 1

JAPANESE YEN

v V

: / y

1 M I

1

I

1

-

1

1

I

1

1

1

1

SWISS FRANC

1 1 1 1 I

1 1 1 1 1 1 1 I

1

DUTCH GUILDER

2
4

6
2
+

0

1 T

1

1

1

1

1

1

1

1

1I

FRENCH FRANC

1

W-x

2

1

1

1

1

1
1 1 1 1 1 1 1 1

1 1 1 1 1 1

ITALIAN LIRA

W

6

4

6

10

8
14

10
12

1

1

1

1




1

1
1993

1

1

1

1

1

1

1

1
1995

1

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1992

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» i

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1

1

1994

'

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18

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
420 i

U.S. DOLLARS PER FINE OUNCE
420

12.5 Kg BARS
AFTERNOON FIXING PRICE
400

400

380

380

360

360

340

320

340

J
1991




1

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1992

I

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1993

J — i — I
1994

i

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1995

i

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
10

PERCENT PER ANNUM
7

SWITZERLAND
U.S. FEDERAL FUNDS

JAPAN

NETHERLANDS

GERMANY

FRANCE

CANADA

UNITED KINGDOM

I




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I
1993

1

1

1

1

1

1

1

1

1

1995

1993

1995

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
10

PERCENT PER ANNUM
9
CANADIAN FINANCE PAPER

WEIGHTED AVERAGE
FOREIGN RATE

U.S. CD'S

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— i

.3
11

NETHERLANDS INTERBANK RATE

10
U.K. INTERBANK STERLING

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1

1

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1

1

1

3

13

11
FRENCH INTERBANK RATE

JAPANESE CD RATE
3 —

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1

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1

1

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1

1

1

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GERMAN INTERBANK RATE
SWISS INTERBANK

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•

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1

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1993

1

»

1

•

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1995

•

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1

1

1993

1

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1

1

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1995

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
)ENT PER ANNUM

8
3-MONTH

OVERNIGHT

6

4

2

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8

7-DAY

6-MONTH

6

4

2
8

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1-YEAR

1-MONTH
6

4

1

2

1

1

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1

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1993

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1

1

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1

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1995

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1993

•

» •

•

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
7

PERCENT PER ANNUM

3-MONTH
EURO-DOLLAR DEPOSITS

OVERNIGHT
EURO-DOLLAR DEPOSITS

90-DAY CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE

-i—i—i—I—i—i




i

L j

DIFFERENTIAL

DIFFERENTIAL
•An«A,.rVwr'/"\i

J—I

I
1993

L

J

I

L
1995

J—i—I—i—i
1993

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J—L_J_
1995

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

7

6

7

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING
COVERED LONDON

—

5 —

U.S. COMMERCIAL PAPER
DASHED

EURO-DOLLAR DEPOSITS
DASHED LINE

3 —
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4*

DIFFERENTIAL

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DIFFERENTIAL

11

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1993

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^URO-DOLLAR DEPOSITS
DASHED LINE

uN

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SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS
A
DASHED LINE

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DIFFERENTIAL

INTERBANK DM
COVERED FRANKFURT

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DIFFERENTIAL

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1995

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1

1993

1

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1995

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNU

iCENT PER ANNUM

11

9

UNITED KINGDOM

UNITED STATES

10

8
9
7

8
6

5
10

7

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6
10

FRANCE

CANADA

9
9
8

8
7
7

6
8

6

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1

5
6

JAPAN

SWITZERLAND
7

5

6

4

5

3

'

4
9
NETHERLANDS

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2
9

GERMANY

8

8

7

7

6

6
1 1

5




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1995

5

CHART 10

STOCK INDICES
WEEKLY SERIES

RATIO SCALE
1986=100
220

RATIO SCALE
1986=100
,

UNITED STATES

200

UNITED KINGDOM

200

180

180

160

160

140

140
250

120
160

225

SWITZERLAND

JAPAN

140

200

120
175
100

150

125
160

180
GERMANY

CANADA

140

160

120

140

100

120

80
190

J— 100
— I 180
FRANCE

NETHERLANDS

170

160

150

140

130

120

110




1993

1995

1993

1995

100

Chart 1.

17-May-95 24-May-95 31-May-95 7-Jun-95
Spot Exchange Rates and Indices

14-Jun-95

Noon buying rates (U.S. cents, weekly averages)
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

3.3861
73.767
19.778
69.513
0.06055
1.15586
62.171
83.301
156.63

3.3644
73.430
19.513
69.230
0.05958
1.14627
61.849
83.025
157.05

3.4853
72.953
20.303
71.626
0.06106
1.19223
63.977
86.694
159.88

3 .4502
72 .597
20.161
70.798
0.06108
1.17976
63.295
85.862
159.20

3.4631
72.503
20.247
71.158
0.06070
1.18499
63.586
86.241
159.71

133 .43
73.52
89.13
195.55
34 .75
302.64
178.48
267.99
63.35

132.57
73.19
87.93
194.75
34.20
300.13
177.56
267.10
63.52

137.34
72.71
91.49
201.49
35.05
312.17
183.67
278.91
64.67

135 .96
72 .36
90.85
199.16
35.06
308.90
181.71
276.23
64.39

136.47
72.26
91.24
200.17
34.84
310.27
182.54
277.45
64.60

118 .55
59 .
.96
76..10
191..80
27 .,04
300. 40
162 .13
50. 85
244 .64
52 .03
82. 01

118 .02
60 . 02
76 .00
190 .48
27 .22
298 .85
161,.29
51..29
243 .
.70
52 ..12
82 ..62

118 .21
59 .79
76 .17
191 .13
26 .97
299 .
.58
161..70
51..39
244 .,24
52 ..17
82. 39

-1.28
-1.18

1.62
-4.15
4.89
1. 69
2 .75
-0.44

-1 .31
-1 .49
1 .63
-4 .58
,
5..02
1..69
2.
.88
-0..52

-1 .29
-1 .40
1 .52
-4 .66
4 .88
,
1..42
2.
.62
-0..57

-1 .07
-1 .32
1 .58
-4 .71
5..02
1..77
2..83
-0.52

383.54

382.53

385.34

384.20

386.74

6.02
5.94
7.62
7.56
4.45
1.29
4.32
3.31
6.38

5.99
5.94
7.64
7.51
4.42
1.24
4.36
3.08
5.90

6.02
5.94
7.62
7.56
5.22
1.24
4 .18
3.13
5.91

6.03
5.94
7.45
7.47
4 .45
24
13
14
05

6.02
5.94
7.22
7.40
4.46
1.21
4.08
3.04
6.20

Indices, March 1973 base rates = 100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

Weighted average exchange value indices, Mar. 1973= 100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. dollar
Chart 2.

-1.22

-0.98
1.56
-3.77
4.86
.62

.59

-0.60

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

116.96
61.86
74.65
189.17
26.98
294 .81
160.18
51.23
239.48
52.29
84.39

3-Month Forward Exchange Rates, Premium or Discount

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

117.12
61.82
75.35
188.93
27.30
295.85
160.19
51.34
239.03
51.84
83.84

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom




ly- 95 24 -May-95 31-May-•95 7-Jun-95

Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

6. 03
7 .44
6. 96
4 .50
1. 34
4 .44
3 .39
6. 60
4 .88

6 .02
7 .52
7 .10
4 .47
1. 34
4 .39
3 .30
6 .51
4 .89

5 .97
7 .50
7 .42
4 .45
1 .24
4 .30
3 .13
6. 54
4 .84

5.84
7.34
7.20
4.43
1.15
4.26
3.19
6.56
4.76

5 .95
7 .22
7 .21
4 .40
1 .15
4 .21
3 .18
6 .56
4 .75

5 .94
.
5 .94
,
5 .98
,
6,.03
6..06
6,.09

5 .94
,
5 .94
,
5 .99
,
6 .02
,
6..06
6 . 11

5 .94
,
5 .94
,
5 .98
,
5 .97
,
5 .96
,
5 .96
,

5 .94
,
5 .90
,
5 .90
.
5 .84
,
5 .77
.
5 .69
,

5 .94
5 .94
5 .94
5 .93
5 .86
,
5..85

5 .94
,
6 .03
-0 .09

5,.94
6,.02
- 0 ,.08

Euro-Dollar Deposit Rates

Overnight
7-day
1 - month
3 - month
6-month
1-year
Chart 7,

14-Jun -95

Selected Euro-dollar & U.S. Money Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

5 .94
,
6..02
-0..08

5 .94
,
5 .99
,
-0,.05

5 .94
.
6 .02
-0,.08

6.,03
6..03
0..00

6..02
6..02
- 0 ..01

5 .97
.
5 .97
.
- 0 ..00

6 .03
5 .99
0 .04

6 .02
6 .06
-0 .04

5 .97
6 . 01
-0 .04

5 .84
5 .98
-0 .14

5 .93
6 .03
-0 .10

U.S. commercial paper
Canadian finance paper, covered
Differential

6 .07
6 .19
-0 .13

6 .05
6 .21
-0 . 16

6 .02
6 .16
-0 . 14

5 .90
6 .02
-0 .12

5 .96
6 .13
-0 .17

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

6 .03
6 .08
-0 .05

6 .02
6 .11
-0 .09

5 .97
6 .09
,
-0 .13

5 .84
,
5 .96
,
- 0 ,. 12

5 .93
6 .00
- 0 ,.07

6 .03
,
6,.00
0..03

6 .02
,
6,.07
- 0 ..06

5 .97
.
6,.02
- 0 ,.05

5 .84
.
5 .83
.
0..01

5 .93
.
6 .03
.
- 0 ..10

8..03
7 .43
.
6..80
3 .30
.
4 .76
.
6..88
8..02
6..57

7 .98
.
7 .39
.
6..65
3 .04
.
4 .69
.
6..76
7.
.85
6..35

7 .74
.
7 .37
.
6 .65
.
2 .97
.
4 .67
.
6.. 74
7.
.76
6.,13

7 .88
,
7 .44
.
6..72
3 .04
.
4 .71
.
6..80
7 .96
.
6..26

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential
Chart 8.

Euro-dollar deposit
Swiss interbank, covered
Differential
10-year maturity, where available

>nd Yields

Canada
France
Germany
Japan
Switzerland
Netherlands
United Kingdom
United States
Chart 10.

5 .93
,
5 .95
.
- 0 ,.02

Interest Arbitrage, 3-Month Funds

Euro-dollar deposit
Interbank sterling (London), covered
Differential

Chart 9.

5 . 84
5 .84
,
0.. 01

8..07
7..45
6..84
3 .43
.
4 .77
.
6..95
8.. 14
6..61

Stock Indices (Wednesday figures)

Canada
145.74
148.00
148 25
149 17
France
154.67
152.79
151, 01
153 75
Germany
116.63
116.45
115 ,10
118 12
Japan
99.20
96.75
94 ,83
95 53
Netherlands
155.61
156.64
156, 70
157 73
Switzerland
226.12
227.93
227 .33
228.35
United Kingdom
194.57
195.30
194 .11
197.79
United States
208.42
208.76
210.57
210.95
Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General spliced
at 22dec93, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index,
Financial Times Ordinary, NYSE Composite


http://fraser.stlouisfed.org/
Federal
Reserve Bank of St. Louis
I

149.70
148.62
116.70
90.46
156.54
228.20
194.91
211.98
to SBF250

FEDERAL RESERVE statistical release
H.10(512)

June 19, 1995

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

JUNE 16, 1995

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

Jun. 12

*AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
^IRELAND
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
*UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

0.7175
9.854
28.750
1.3798
8.3208
5.4735
1.3170
4.3125
4.9310
1.4010
226.30
7.7340
31.420
1.6300
1660.75
83.92
2.4405
6.2900
1.5679
0.6675
6.2390
147.52
1.3923
3.6750
767.30
121.890
50.300
7.2430
1.1545
25.730
24.640
1.5950

0.7193
9.888
28.910
1.3843
8.3203
5.4885
1.3136
4.3210
4.9450
1.4060
227.78
7.7340
31.400
1.6275
1658.00
84.33
2.4405
6.2000
1.5737
0.6693
6.2580
148.03
1.3942
3.6690
766.90
122.000
49.900
7.2595
1.1603
25.750
24.640
1.5955

0.7215
9.852
28.770
1.3815
8.5000
5.4585
1.3205
4.3055
4.9140
1.4010
226.52
7.7360
31.400
1.6340
1639.00
84.40
2.3890
6.2300
1.5682
0.6712
6.2330
147.35
1.3945
3.6660
765.10
121.260
50.150
7.2245
1.1560
25.800
24.650
1.6085

0.7275
9.935
29.010
1.3770
8.3219
5.5085
1.3100
4.3440
4.9495
1.4125
228.23
7.7360
31.400
1.6240
1654.00
84.82
2.4438
6.2000
1.5815
0.6687
6.2815
148.59
1.3985
3.6733
766.20
122.370
50.210
7.2865
1.1705
25.780
24.680
1.5955

0.7281
9.856
28.800
1.3825
8.3204
5.4725
1.3198
4.3175
4.9175
1.4015
226.52
7.7355
31.400
1.6350
1649.25
84.66
2.4420
6.1900
1.5691
0.6691
6.2415
147.56
1.3960
3.6680
765.40
121.680
50.500
7.2545
1.1622
25.790
24.670
1.6070

MEMO:
^ U N I T E D STATES

DOLLAR

82.28

82.51

82.13

82.69

82.28

COUNTRY

(CURRENCY UNITS PER DOLLAR)
Jun. 13
Jun. 14
Jun. 15

Jun. 16

*VALUE IS U.S. DOLLARS
**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.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD.
FOR INFORMATION, CALL (202) 482-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (202) 452-3244.