Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : June 21, 1993

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

June 21,1993

DIVISION O F
INTERNATIONAL FINANCE

Prepared by the

BOARD O F GOVERNORS
FEDERAL RESERVE SYSTEM

FINANCIAL MARKETS
SECTION




Washington, DLC. 20551

TABLES

1. LATEST FIGURES PLOTTED
2. DAILY CERTIFIED SPOT
EXCHANGE RATES
H.10 RELEASE
CHARTS

1.
2.
3.
4.
5.
6.
7.

SPOT EXCHANGE RATE INDICES
3-MONTH FORWARD EXCHANGE RATES
GOLD PRICE—LONDON
CALL MONEY RATES
3-MONTH INTEREST RATES
EURO-DOLLAR DEPOSIT RATES
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
140

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

110

130

100 —

120

90

110

80
70
270

100

BELGIAN FRANC

I

'

'

I

I

'

I

I

I

'

'

I

I

I

I

'

» '

I

» »

1

I

1

1

1

1

I

1

»

90
240

250

220

230

200

180

210

JAPANESE YEN
SWISS FRANC

190

170
100

I

I

I

90

I

I

I

I

160
I

I

I

I

I

I

I

I

i

i

i

l

i

» i

l

i

i

i

l

i

i

i

140
100
90

U.K. POUND

80

80

70

70

CANADIAN DOLLAR

60
50

i

i

i

I

i

i

i

I

i

i

i

•

'

i

I

i

i

'

I

i

60

« i

I

i

i

i

50

200

200

180

190

160

180

140

170

120
100
110

100

GERMAN MARK

DUTCH GUILDER

i

i

i

I

i

i

i

1_L

1 i l l !

i

i

i

I

i

i

FRENCH FRANC

90

80
ITALIAN LIRA

70

60

I
1990




I

I

I

I

I

I

I

I
1992

I

I

I

I

I
1990

1992

i

I

160

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEKENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM
2

2(
GERMAN MARK

U.K. POUND

—

I

I

I

1 I

'

I

I

I

I

I

I

'

I

»

CANADIAN DOLLAR

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

»

JAPANESE YEN

I

I

I

I

I

I

I

I

l

SW SS FRANC

l

I

I

I

I

DUTCH GUILDER
*

I

I

I

I

I

I

I

I

I

I

I

I

I

I

i

» I

1990



i

I

I

I

ITALIAN LIRA

FRENCH FRANC

•

I

i

i

I

i

i
1992

i

l

i

i

i
1990

1992

6

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEKENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

420

12.5 Kg BARS
AFTERNOON FIXING PRICE

400

400

—

380

380 —

360

360 —

340

340 —

320




'
1990

1991

1992

I

I

1

1
1993

L

320

CHART4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

16

10

14
8

—

FRANCE

U.S. FEDERAL FUNDS
i

6

5

*

—

w

12
10

v v * n v v V

8

4 —

6

JAPAN

4

2
10

'

'

i

l

'

'

» I

'

i

•

I

'

'

'

'

'

•

I

» •

» I

2
10

NETHERLANDS
GERMANY

'

'

'

I

i

i

'

l

'

i

i

I

UNITED KINGDOM

SWITZERLAND
1

1

» i




1

1

1

I

1

•

'

I

'

i

i

•

i

i

I

'

i

'

I

i

i

CANADA

i

I

i

i

'

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
12

15

WEIGHTED AVERAGE
FOREIGN RATE

CANADIAN FINANCE PAPER

U.K. INTERBANK STERLING

FRENCH INTERBANK RATE
JAPANESE CD RATE

GERMAN INTERBANK RATE

SWISS INTERBANK

1990



1992

1990

1992

—

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
CENT PER ANNUM
10

3-MONTH

OVERNIGHT
8

6

4

2
14

i

i

i

l

i

12

i

i

I

'

i

i

I

i

'

i

I

I

I

I

7-DAY

I

I

I

I

I

1 I

I

'

I

'

6-MONTH

10

8
6
4
2
10

i

i

i

> i

i

'

l

•

I

i

i

'

l

i

i

i

i

i

i

1 '

'

i

i

i

i

1 i

i

i

I

'

•

i

I

'

•

i

l

i

i

I

'

i

i

l

i

'

i

1-MONTH

8

6

4

2

i

i

i

1990




l

i

i

i

1992

» i
1990

i

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
10

10

3-MONTH

OVERNIGHT
8

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

—

—

6 —

90-DAY CD'S

FEDERAL FUNDS

DASHED LINE

DASHED LINE

4 —

i

i

i

I

I

I

I

I

I

I

I

I

I

I

L

J

I

I

I

I

I

1,f

I

I
I
1990




I

•

vyvvv^v V v v '

i

i

i

i

i
i
1992

I

I

I

I

I

I

I

L

I

I

I

I

I

L

DIFFERENTIAL

DIFFERENTIAL

W-vvvyZ-yr

I

/ A/yfyJ\A

i

i

i

i

J

I

1990

I

I

I

I

I

I

I

1992

8

CHART 8

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

PERCENT PER ANNUM

10

10

8 —

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING

COVERED LONDON

6 —

4 —
U.S. COMMERCIAL PAPER

EURO-DOLLAR DEPOSITS'

DASHED LINE

DASHED LINE

2 —

•

•

i

l

i

i

i

I

i

i

i

I

i

i

I

i

I

I

I

•

'

I

I

I

I

» I

I

I

I

—

DIFFERENTIAL

DIFFERENTIAL

^ AV v v ^ V

W v

•

'

I

I

1

I

1

1

1

1

1

1

1

1

I II 1 I 1 1 1 I 1 MI i l

1

1 1-

SWISS INTERBANK (SF) COVERED

INTERBANK DM

COVERED FRANKFURT

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

DASHED LINE

DASHED LINE

2 —

I

I

I

I

I

1

'

I

'

« I

I

'

'

'

I

I

I

'

'

I

I

'

I

I

I

I

'

I

I

» I

I

I

I

I

a,

\vT WV

I

I

DIFFERENTIAL

DIFFERENTIAL

I

I

I

1990



I

1

1

1

I

1

'
1992

'

I

1

•

»

I

I
1990

I

I

1 I

I

1992

2
10

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLYSERIES
PERCENT PER ANNUf

DENT PER ANNUM

10

UNITED KINGDOM

UNITED STATES
9
8
7
6
5
12

'

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

'

•

1

1

I

•

'

I

I

1 •

I

•

1

1

1

1

1

1

'

FRANCE

CANADA
11
10

9
8
7
8

»

1

1

1

I

1

1

l

i

» i

I

i

I

i

'

I

I

•

» '

I

'

SWITZERLAND
7

6

5

4

I

I

I

I

1 •

'

1 » I

I

1 I

'

I

10

GERMANY

NETHERLANDS
9

8

7

•

i

t

1990




I

i

i

i

l

i

i
1992

i

l

i

i

i

I

•
1990

•

I

I

I

•

'
1992

I

I

I

'

'

CHART 10

STOCK INDICES
WEEKLY SERIES

1986=

RATIO SC/
1986=
2

CALE

D

200

UNITED KINGDOM

UNITED STATES

1

180

160

1

140

1

1

120

100
190

•

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

1

I

1

1

1

I

1

i

i

JAPAN

SWITZERLAND
170
150
130

110

•

90
130

'

I

1 '

•

'

•

•

•

I

•

•

•

I

I

» I

» '

FRANCE

BERMANY
120
110

100
90

80
140

•

i

» I

•

•

•

i

1

i

1

1

i

1

1

NETHERLANDS

CANADA
13C
12C
11C

10(
9(

I

I
1990




I

I

I

•

•

I

'

•
1992

•

I

'

'
1990

1992

1

1

19-May-93 26-May-93 2 -Jun-93
Chart 1.

9 -Jun-93

16-Jun-93

Spot Exchange Rates and Indices

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

3.0094
78.577
18.341
61.870
0.06768
0.89920
55.165
68.202
153.37

2.9901
79.088
18.240
61.442
0.06757
0.91007
54.849
68.212
154.42

3.0463
78. 772
18. 555
62. 600
0.06805
0.93050
55. 799
70. 097
155 .18

3.0001
78. 196
18. 313
61. 679
0.06768
0.93398
54. 976
68. 737
152 .23

2.9728
78.118
18.178
61.142
0.06714
0.94411
54.510
68.335
151.92

118.59
78.32
82.65
174.04
38.85
235.44
158.37
219.42
62.03

117.83
78.83
82.19
172.84
38.79
238.29
157.46
219.45
62.46

120 .04
78 .51
83 .61
176 .10
39 .06
243 .64
160 .19
225 .51
62 .76

118 .22
77 .94
82 .52
173 .51
38 .85
244 .55
157 .83
221 .13
61 .57

117.14
77.86
81.91
172.00
38.54
247.20
156.49
219.84
61.45

110 .59
70 .12
74 .30
177 .24
32 .72
245 .79
150 .75
55 .22
211 .00
54 .30
89 .49

109 .82
70 .22
73 .94
175 .93
32 .83
249 .23
149 .75
55 .25
208 .63
53 .67
90 .48

109.12
70.38
73.58
174.75
32.66
253.14
148.89
55.31
208.04
53.74
90.84

-1.65
-4 .31
-4.30
-7.33
0.03
-3.73
-1.97
-2.73

-1 .59
-4 .26
-4 .45
-7 .47
0 .06
-3 .68
-1 .96
-2 .61

-1 .61
-4 .20
-4 .26
-7 .18
0 .14
-3 .55
-1 .87
-2 .58

-1.51
-4.12
-4.32
-6.83
0.12
-3 .52
-1.86
-2.65

370.83

375.66

374 .64

374 .36

367.50

3.01
2.95
4.05
8.05
7.76
3.16
7.25
4.93
5.83

3.07
2.94
4.44
7.92
7.75
3 .14
7.22
4.97
5.63

3 .09
2 .99
4 .63
7 .94
7 .97
3 .15
7 .05
4 .94
5 .47

2 .96
2 .99
4 .20
7 .85
7 .80
3 .12
7 .01
5 .13
5 .81

3.01
2.94
4.38
7.64
7.71
3.15
7.06
5.13
5.38

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 indicesi, 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.

-1.95
-4.37
-4.21
-7.36
-0.02
-3.79
-1.98
-2.87

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

109.72
71.28
73.81
175.65
32.86
242.77
149.77
55.08
207.53
54.68
90.76

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.

110.48
70.79
74.28
177.14
32.93
239.56
150.72
54.63
207.53
54.27
90.78

Call Money Rates

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




19-May-93 26-May-93 2 -Jun-93
Chart 5.

3. 11
5. 37
7.,43
7.,26
3.,23
6.,87
4.
,95
5.,96
6.,33

.14
3.
5..23
7..33
7..36
3 .25
.
6..88
5,.03
5,.90
6..30

3.
,19
5.,05
7.,52
7.,52
,26
3.
6.,79
5.,05
5.,83
6.,32

3. 24
5. 05
7. 40
7 .51
3 .25
6. 71
5.,04
5. 84
6.,29

3.,20
5.,00
7.,31
7.,54
3. 23
6. 67
5. 00
5. 83
6. 24

2.
.95
2.
.95
.00
3.
3..11
.19
3.
3..51

,
2 .94
2 .96
,
3 .04
,
3 .16
,
3 .29
,
3 .63

2.
,99
,01
3.
3..11
,23
3.
3.
,35
.71
3.

2.
.99
3 .00
3 .11
3 .23
3 .38
3 .75

2.
.94
3.
.00
3.
.09
,21
3.
3.
.39
3..73

2.
.99
3.
.09
-0..10

2 .99
2.
,96
0..02

,94
2.
.01
3.
-0..07

Euro-Dollar Deposit Rates

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

16-Jun-93

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.

9 -Jun-93

Selected Euro-dollar & U.S. Money Market Rates
2,
.95
3 .01
,
-0..06

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

2 .94
3 .07
-0 .13

3 . 11
3..11
0,.00

3 .16
3 . 14
0 .03

.23
3.
3 .19
.
0..04

.23
3.
.24
3.
-0..02

3 .21
.
3 .20
,
0..01

3 .11
,
3 .05
,
0 .06

3 .16
3 .13
0 .03

3 .23
,
3 .18
,
0,.05

3 .23
.
3 .22
.
0..01

3 .21
,
3 .14
0 .08

3 .14
3 .40
-0 .25

3 .17
3 .55
-0 .38

3 .21
,
,
3 .44
-0,.23

3,.27
3..42
-0..15

3..26
3 .47
.
-0,.21

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

3 .11
2 .97
0 .14

3 .16
2 .98
0 .18

3 .23
,
2 .98
0 .24

.23
3.
3 . 17
0 .06
,

3 .21
.
3 .13
.
0,.08

Euro-dollar deposit
Swiss interbank, covered
Differential

3 .11
2 .95
0 .16

3 .16
3 .03
0 . 13

3 .23
3 .07
0 .16

3 .23
.
3 .15
.
0 .08
.

3,.21
3 .12
.
0 .09
.

7 .71
7 .10
6 .79
4 .69
4 .69
6 .63
8 .08
6 .08

7 .63
7 .14
6 .88
4 .75
4 .72
6 .72
8 .05
6 .14

7 .51
7 .22
6 .86
4 .67
4 .71
6 .70
8 .04
6 .10

7 .61
7 .16
,
6 .87
4 .69
,
4 .72
6 .74
8 .01
6 .07

7 .50
6 .95
6 .78
4 .56
4 .68
6 .61
7 .92
5 .99

127 .01
139 .52
95 .61
120 .83
116 .45
174 .62
170 .23
181 .47

128 .81
142 .40
95 .86
123 .99
119 .11
175 .68
171 .35
183 .71

128 .63
141 .44
95 .40
124 .42
117 .70
175 .94
173 .03
183 .98

128 .62
143 .38
97 .94
125 .15
120 .47
180 .32
173 .83
180 .67

129 .71
143 .03
98 .46
121 .00
121 .55
178 .35
174 .81
181 .28

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

Interest Arbitrage, 3-Month Funds

Euro-dollar deposit
Interbank sterling (London), covered
Differential
U.S. commercial paper
Canadian finance paper, covered
Differential

Chart 9.

Long Term Government Bellwether Bond Yields
10-year maturity, where available

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

Stock Indices (Wednesday figures )

Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom
United States

Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General, FAZ Aktien,

Digitized Tokyo
for FRASER
SE (Topix), CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite


FEDERAL RESERVE statistical release
June 21, 1993

H.10(512)

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

JUNE 18, 1993

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
CANADA
CHINA,P.R.
DENMARK
"EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
"IRELAND
ITALY
JAPAN
MALAYSIA
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
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

MEMO:
("UNITED STATES

DOLLAR

Jun. 14

(CURRENCY UNITS PER DOLLAR)
Jun. 16
Jun. 17
Jun. 15

Jun. 18

0.6750
11.462
33.440
1.2815
5.7243
6.2100
1.2028
5.4400
5.4680
1.6262
222.00
7.7290
31.700
1.5010
1478.75
105.15
2.5640
1.8243
0.5422
6.8750
154.50
1.6085
3.1930
804.40
124.45
48.000
7.2300
1.4500
26.180
25.140
1.5270

0.6765
11.541
33.690
1.2796
5.7529
6.2625
1.1940
5.4930
5.5110
1.6372
222.87
7.7287
31.700
1.4895
1492.25
105.60
2.5605
1.8370
0.5438
6.9270
156.20
1.6100
3.2050
804.70
125.22
47.960
7.3030
1.4633
26.179
25.130
1.5220

0.6765
11.677
34.110
1.2804
5.7646
6.3425
1.1793
5.5800
5.5770
1.6588
225.71
7.7297
31.700
1.4705
1508.50
106.60
2.5649
1.8599
0.5445
7.0075
158.10
1.6168
3.2200
805.20
126.78
47.980
7.4250
1.4860
26.190
25.170
1.5035

0.6743
11.652
34.050
1.2771
5.7646
6.3330
1.1826
5.5725
5.5650
1.6565
225.60
7.7360
31.700
1.4745
1504.25
106.75
2.5680
1.8561
0.5423
6.9870
157.90
1.6165
3.2325
805.10
126.65
N.A.
7.4600
1.4785
26.231
25.210
1.5145

0.6775
11.815
34.490
1.2749
5.7646
6.4300
1.1657
5.6425
5.6500
1.6800
229.30
7.7370
31.700
1.4546
1523.50
109.50
2.5730
1.8862
0.5412
7.0925
160.00
1.6215
3.2450
805.20
128.50
48.000
7.5300
1.5005
26.290
25.215
1.4960

90.33

90.86

91.88

91.69

92.97

"VALUE IS U.S. DOLLARS
""INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. M A R C H 1973 = 100. W E I T S ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1978. i-CR 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 DEPARTNENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (202) 4821986.
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.