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(516/517) » Selected Interest & Exchange Rates Weekly Series of Charts June 2,1986 DIVISION O F f 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 SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA JAPANESE YEN GERMAN MARK DUTCH GUILDER CANADIAN DOLLAR U.K. POUND FRENCH FRANC BELGIAN FRANC SWISS FRANC II I I 1984 1986 II 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 4 8 JAPANESE YEN CANADIAN DOLLAR — V A — — I I I I I I U. K. POUND SWISS FRANC \/f I I I I I (v\ - I I I - I — GERMAN MARK I I DUTCH GUILDER I ITALIAN LIRA FRENCH FRANC I 1984 1986 I 1984 I 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE 0 U.S. D< .LARS PER FINE OUNCE 520 520 500 500 480 480 460 460 12.5 Kg BARS 440 440 AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 260 260 1983 1984 1985 1986 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER M [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 I 0 I I I I I 0 20 20 16 16 UNITED KINGDOM 12 12 GERMANY 8 •Ww. r 4 8 4 NETHERLANDS 0 0 1984 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AF\ 16 14 U . S . CD'S CANADIAN FINANCE CO. PAPER - 12 10 14 h 8 - 10 WEIGHTED AVERAGE FOREIGN RATE 6 4 - I I I I I I 12 llllllll I I I I IIIIIIIIII 8 6 16 14 IFRENCH INTERBANK RATE U.K. INTERBANK STERLING 14 - 12 12 10 10 I I 8 I — I 8 6 10 10 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE 8 8 6 6 4 4 2 2 8 8 7 SWISS INTERBANK RATE JAPANESE GENSAKI RATE 6 6 4 5 2 4 0 1984 1986 1984 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 6 6 16 16 6-MONTH 7-DAY 14 14 12 12 10 10 8 8 6 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 DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER A 16 16 14 14 FEDERAL FUNDS 3-MONTH DASHED LINE E U R O - D O L L A R DEPOSITS 12 12 10 10 8 8 90-DAY CD' S OVERNIGHT E U R O - D O L L A R DEPOSITS 6 6 11 4 11111111111 I I I I I I I I I I I 1111111 2 4 2 DIFFERENTIAL DIFFERENTIAL 1 1 + + 0 0 J 1 I I I I I I I I I I I I I I I I I II I II I I I I 1984 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON RATE S C A L E 1986 I I| I I I I 1984 i 11111111111 11111111111 1986 1 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 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 DASHED LINE 10 INTERBANK STERLING COVERED LONDON I I I I I U. S. COMMERCIAL PAPER I I nil II DIFFERENTIAL DIFFERENTIAL \AA" I IIII 2 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE DIFFERENTIAL 1984 DIFFERENTIAL 1986 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 1984 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER Ah 17 17 CANADA UNITED STATES 15 15 13 13 11 11 9 9 7 7 15 9 13 7 SWITZERLAND UNITED KINGDOM 11 5 9 3 7 10 1 — — | — 10 IGERMANY JAPAN 8 - 8 6 6 I 4 I I I I I I I I 4 18 18 U. S. CORPORATE MONTHLY 16 - I FRANCE . 16 Aaa BONDS 14 14 - 12 — INETHERLANDS MONTHLY - 10 10 8 8 6 12 I l l I I 1984 I I IIIIIIIIII 1986 I I I I I 1984 I II I II IIM I M hI } | 11111111 1986 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED KINGDOM UNITED STATES NETHERLANDS SWITZERLAND FRANCE GERMANY 350 300 CANADA 250 200 I 1984 1986 I 1984 I i l l 11 h i l l i 1986 150 LAST VALUE PLOTTED DATE VALUE S E B I E S HAKE CHAitT 1 . S P O T EXCHANGE MATES AW© I N D I C E S MEEKLY AVEBAGES, MOO* BUYING BATES (U.S. CENTS) GERMAN MABK J A P A N E S E YEN DUTCH GUILDER O . K . POUND CANADIAN DOLLAR FRENCH FBANC S W I S S FBANC BELGIAN FfiANC ITALIAN LIRA SWEDISH KBONA INDICES, MARCH 1 9 7 3 BASE BATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1 9 7 3 = ( G - 1 0 COUNTRIES P U I S SWITZERLAND) 0 . 5 . DOLLAR GERMAN MASK JAPANESE YEN DUTCH GUILDER fl.iL. POUND CANADIAN DOLLAR FRENCH FBANC S W I S S FRANC BELGIAN FfiANC ITALIAN LIBA SWEDISH KBONA 3-MONTti FORWARD EXCHANGE B A T E S , PREMIUM o a CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FBANC S W I S S FBANC DUTCH GUILDEB JAPANESE YEN ITALIAN LIBA 28 28 28 28 28 28 28 28 28 28 4«3.92 0.59076 39.05 149.86 72-96 13.79 53.05 2.15019 0-06400 13.76 MAY MAY MAY MAY MAY MAY MAY MAY MAY 28 28 28 28 28 28 28 28 28 123.54 154.68 112.11 60.61 72.72 6 2 . 12 170.66 84.73 36.36 28 28 28 28 28 28 28 28 28 28 28 115.26 1 4 7 . 19 184.71 127.34 65.10 80.03 66. 62 194. 43 94.48 32.95 67.28 28 28 28 28 28 28 28 28 - 1 . 49 -2-89 2.44 -0.28 2.35 1.11 2.17 -4.54 100 GERMAN MARK J A P A N E S E YEN DUTCH GUILDER 0 . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FfiANC ITALIAN LISA CHART 2 . MAX MAY MAY MAY MAY MAY MAY MAY MAY MAY 100 MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY DISCOUNT MAY MAY MAY MAY MAY MAY MAY MAY LAS I VALUE PLOTTED DATE VALUE S E R I E S SAMS CHART 3 . GOLD P R I C E I S LONDON, AFTERNOON FIXING MAY 2 8 34 1 . 16 MAY MAY MAY MAY MAY MAY MAY MAY MAY 28 28 28 28 28 28 28 28 28 6.85 6.84 10.00 8.50 4.08 4 . 16 7.31 6.59 5.60 MAY MAY MAY MAY MAY MAY MAY MAY MAY 28 26 28 28 28 28 28 28 28 6.69 4.59 6. 63 8.41 9 . 94 4.52 7 . 14 5*84 6.70 MAY MAY MAY MAY MAY MAY 28 28 28 28 28 28 6.84 6.89 6.91 6.91 6.91 7 . 09 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL MAY 2 8 MAY 2 8 MAY 2 8 6.84 6.85 -0.01 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL MAY 2 8 MAY 2 8 MAY 2 8 6.91 6.69 0.22 U.S. CHART 4 . DOLLARS PEE FIVE OUNCE CALL MONEY HATES 0 . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.JU CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND 5. 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GEMSAKI BATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK MATE WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH J-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AMD U . S . HONEY MARKET BATES SERIES CHABT 8 . NAME VALUE PLOTTED DATE VALUE LASI INTEREST ARBITRAGE, 3-MONTH FUNDS BUBO-DOLLAB D E P O S I T INTERBANK STEELING (LONDON), COVERED DIFFERENTIAL MAX 2 8 MAX 2 8 MAX 2 8 6.91 6.97 -0.07 U . S . COAAEBCIAL PAPEfi CANADIAN FINANCE P A P E f i , COVERED DIFFERENTIAL MAX 2 8 MAX 2 8 MAX 2 8 6.68 6.89 -0.21 EUBO—DOLLAB DEPOSIT INTEBBANK DM (FBANKFUBT), COFEEED DIFFERENTIAL MAX 2 8 MAX 2 8 MAX 2 8 6.91 7.06 - 0 . 15 EUBO—DOLLAB DEPOSIT S S I S S INTEBBANK, COVERED DIFFERENTIAL MAX 2 8 MAX 2 8 MAX 2 8 6.91 6.90 0.00 CHABT 9 . LONG TERM GOVERMENT BOND IIBLDS UNITED STATES GEBMANX JAPAN (HONTHLX) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLX) UNITED KINGDOM U.S. MAX MAI MAI MAX MAX MAX MARCH MAX 23 23 23 16 23 23 23 7 . 90 5.87 4.98 4.37 9.44 8.12 6.44 8.62 CORPORATE AAA BONDS CUA-tT 1 0 . 8.79 MAX MAX MAX MAX MAX MAX MAY 21 . 243.20 21 288.46 21 299*25 21 275.80 2 1 . AA-7.96 21 389.99 21 407.83 STOCK I N D I C E S UNITED STATES UNITED KISGDOfl CANADA GERMANY SHITZERLAND NETHERLANDS raises JAPAN APRIL •M FEDERAL RESERVE statistical release H.10 (512) HAX - 1 0 , 1986 FOREIGN EXCHANGE RATES FOB THE HEEK E B D I I G MAK 3 0 , t98b 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: BOM£TART OMIT COUMTRI DOLLAR SCHILLING PRAMC BELGlfJB CROEADO 8RA2IL DOLLAR CAMADA c a i i A, p. a . TOAM KROME DEUARK BAREKA FILLAID PRABC PRAMC* S M S AMY D. SARI GREECE DRACHMA aoMG KOIG DOLLAR ROPEE IBDIA POOMD *IFL£LALD LIRA MALI JAPAM TEE BIMGGIT BALAISIA GUILDER MSTEERLAMDS * I E « ZEALAMD DOLLAR KROME MOBSA1 PORTUGAL ESCODO SIEGAPORE DOLLAR *SOUTH AFRICA RAID MOM SOOTH KOREA PESETA SPAIB ROPEE SRI LAMA EROEA SEEDEB PRAMC SEITiERLAMD DOLLAR TAI8AM BART THAXLAMD SOMITES KIMGDOM POOED tcaaamuzY nmrs BA jf 2 6 •AOSTRALIA AUSTRIA SBFLO: # 0 1 1 T E D STATES DOLLAR BAI 2 8 72.04 7 2 - 12 16.010 46.580 13.84 1.3755 3.2095 8.4290 5.2625 7.2665 2.2795 142.000 15.998 44.480 13.84 1.3747 a 0 L I D A I per doLLASI BAT 2 7 3.2095 8.4280 5.2550 7.2450 2.2740 142.950 7.8130 12,6900 133*55 1565.00 169.20 2.6350 2.5580 55.300 7.6950 152.000 2.2270 7.8120 12.6300 133.15 1 5 6 3 . 00 169.00 2.6250 2.5610 55.500 7.6950 152.300 2.2250 42.95 891.40 144.750 27.952 7.2630 43.90 891.50 145.220 ^7.932 7. 2690 26.440 150.55 EA 26.410 150.20 115.16 115.31 1.8*10 38.330 1.8835 BAI 2 9 72.00 1b.202 47.0*0 13.84 1.3765 3.2095 8.5125 5.2910 7.3450 2.3055 143.200 7.8060 12.6900 131.85 1581.00 171.60 2.6330 2.5900 56.050 7.7590 153.400 2.2270 42.95 891.10 146.800 27.938 7.3175 1.9088 38.280 26.430 1 4 9 . 10 116.49 BAX JO 71.48 16.350 47.480 13.84 1.3797 3.2191 8.6055 5.3515 7.4060 2.3250 145.000 7.8110 12.7700 130.55 1592.00 174.50 2.640.0 2.6145 56.300 7.8400 154.700 2.2415 4 2.35 891.60 148.300 2 7.938 7.3905 1. 9335 38.240 2to.480 147.23 117.62 ilEl>2X OF 8BI6H!HD AVERAGE £1CHARGE VALUE OF U . S . DOLLAR A G A I E S T C U R R E N C I E S OH OTBEB G ~ 1 0 C O 0 8 T B I B S . HABCH 1 9 7 3 = 1 0 0 . BEIGBTS I B B 1 9 7 2 - 7 6 GLOBAL TBADE O f BACH O f TUB 10 COUBTBISS. SEBIBS KBVISZD AS O f AUGUST 1 * 7 8 . f O B D E S C B I f T I O * ABO BACK DATA, SEE •lHOBJt O f THE BEIGHTED-AfBBAGB BXCHAIGB f Ai.DE Of THE U . S . DOLLAB: BJUTISIOB" 0 1 PAGE 7 0 0 Of THE A8GUST 1 9 7 8 F&DBBAL BBSBBVB B U L L E T I N . •IAL0E I S U.S. CENTS
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