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(516/517) Selected interest &. Exchange Rates Weekly Series of Charts June 30,1986 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 I 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 MARCH 200 180 :ALE 973=100 RATIO : MARCH 1 9 7 1=100 50 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 45 160 40 140 35 120 30 100 25 200 180 200 160 180 JAPANESE YEN GERMAN MARK 160 140 140 120 120 100 100 80 80 140 120 140 DUTCH GUILDER CANADIAN DOLLAR 120 100 100 90 90 80 80 70 70 60 60 90 90 80 U.K. POUND 80 FRENCH FRANC 70 70 60 60 50 50 40 40 120 100 240 SWISS FRANC BELGIAN FRANC 200 90 180 80 160 70 140 60 120 100 50 1984 1986 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER A N N U M P E R C E N T PER A N N U M JAPANESE YEN CANADIAN DOLLAR 4 12 U. K. POUND SWISS FRANC + 0 4 8 8 DUTCH GUILDER GERMAN MARK 4 III I I 0 8 ITALIAN LIRA FRENCH FRANC 0 8 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC L A R S PER F I N E O U N C E U.S. D O L L A R S PER F I N E C 520 520 500 500 480 480 460 460 12.5 Kg BARS 440 440 A F T E R N O O N F I X I N G 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 P E R C E N T PER A t :NT PER A N N U M 20 20 16 16 IFRANCE U. S. FEDERAL FUNDS 12 - 12 8 8 4 4 - JAPAN I I 0 I I I I I I I I I I I I I I I I 11111111111 20 20 16 0 SWITZERLAND 16 CANADA 12 12 8 8 4 4 0 0 20 20 16 16 UNITED KINGDOM 12 12 GERMANY 8 8 r 4 4 NETHERLANDS 0 0 1984 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER( NT PER A N N U M P E R C E N T PER AH 14 16 U . S . CD'S CANADIAN FINANCE CO PAPER 12 14 10 8 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 4 6 16 14 /A U.K. INTERBANK STERLING FRENCH INTERBANK RATE ' 14 - 12 12 10 10 8 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 GENSAKIRATE 6 6 4 5 2 I I I I I II I I I I 4 1984 1986 0 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER AL ENT PER A N N U M 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: F L U S H , FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER A NT PER A N N U M 16 16 14 14 FEDERAL FUNDS 3-MONTH DASHED LINE EURO-DOLLAR DEPOSITS 12 12 10 10 8 8 90-DAY CD' S OVERNIGHT EURO-DOLLAR DEPOSITS 6 6 111111111111 4 I ii111111111111111111111 I 4 2 2 DIFFERENTIAL DIFFERENTIAL 1 1 + + 0 0 J 1 I 1111111111111111111111111 1984 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1986 I Il I I I I 1984 I I I I I I I I I I I I I I I I I I I I I I I 1986 1 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY P E R C E N T PER AH NT PER A N N U M 18 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 DASHED LINE 14 10 10 INTERBANK STERLING COVERED LONDON 6 6 U. S. COMMERCIAL PAPER 2 2 2 2 DIFFERENTIAL DIFFERENTIAL + + 0 0 I I IIlull II 2 18 18 INTERBANK DM 14 SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS 6 EURO-DOLLAR DEPOSITS DASHED LINE 6 DASHED LINE 2 2 2 2 DIFFERENTIAL DIFFERENTIAL + 0 2 2 + / y v \ y v I I I 0 A / w V V ^ A I I 1984 2 I 1986 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1984 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES :NT PER A N N U M P E R C E N T PER A h 17 15 17 UNITED STATES CANADA 15 13 13 11 11 9 9 7 7 15 9 13 UNITED KINGDOM 7 SWITZERLAND 11 5 9 3 7 1 10 10 GERMANY 8 JAPAN 8 6 6 4 4 18 18 U. S. CORPORATE MONTHLY 16 16 , FRANCE Aaa BONDS 14 - 14 12 — 12 INETHERLANDS - 10 10 MONTHLY 8 — I 6 1984 1986 I 8 6 I 1984 1986 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 IUNITED STATES - I I I I I I I I I I I m I i i I m I i i — . ; NETHERLANDS SWITZERLAND — j " - i i i I I I FRANCE GERMANY 350 350 300 CANADA - JAPAN 200 - r 150 • v f l 250 I I v I I 1984 I n l i 11,, I, i - - 250 - - 200 | | | | | | | | | | | 1986 300 jo I I I I I 1984 I I I | I I | I I|I, I I I I I I I I I I I 1986 150 LAST VALUE PLOTTED DATS VALUE S E R I E S NAME CHART 1 . SPOT EXCHANGE BATES AND I N D I C E S MEEKLY AVERAGES, NOOii BUYING RATES (U.S. GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA INDICES, WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , (G— 10 COONTHIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER II. 1U POUND CANADIAN DOLLAR FRENCH FBANC SWISS FRANC BELGIAN FBANC ITALIAN LIRA SWEDISH KRONA 3-MONTH FORWARD EXCHANGE CANADIAN DOLLAR U. Km POUND GERMAN MARK FRENCH FRANC SWISS FBANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JUNE JUKE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 25 25 25 4 4.78 0.59865 39.77 1 5 0 . 70 72.02 14.04 54.48 2. 19066 0. 06525 13.86 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 25 25 1 2 5 . 97 1 5 6 . 75 1 1 4 . 16 6 0 . 95 71.78 6 3 . 26 175. 26 86.32 37.07 25 25 25 25 25 25 25 25 25 25 25 113.73 148.78 185.28 128.39 64.74 7 8 . 02 6 7 . 19 197.67 95.29 38.31 6 7 . 00 25 25 25 25 25 25 25 25 - 1 . 77 - 2 . 76 2.41 -0.37 1.50 0.88 2.31 - 4 . 85 MARCH 1 9 7 3 BASE BATES = 1 0 0 GERMAN MARK JAPANESE IEN DUTCH GUILDES O.JU POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 . CENTS) MAR 1 9 7 3 = 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE E S , PREMIUM OS DISCOUNT JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E I S LONDON, AFTERNOON F I X I N G U.S. DOLLARS PER F I N E OUNCE JOSE 2 5 341.21 t CHART 4 . CALL HONEY RATES JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 25 25 6 . &6 6.93 10.90 8.15 4.25 4.30 7 . 10 6.31 1.00 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 25 25 25 6.66 4.60 4.64 8.68 9.78 5.32 7.15 5.95 6.72 JUNE JUNE JUNE JUNE JUNE JUNE 25 25 25 25 25 25 6.93 6.98 6.96 6.91 6.91 7.04 OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS DIFFERENTIAL JUNE 2 5 JUNE 2 5 JUNE 2 5 6.93 6.86 0.07 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 2 5 JUNE 2 5 JUNE 2 5 6.91 6.66 0.25 U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U. K, CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . J—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 JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR D E P O S I T RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-HONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONET MARKET RATES LAST VALUE PLOTTED DATS VALUE S E R I E S NAME CHART 8 . INTEREST ARBITRAGE, 3 - S O N T i i FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE 2 5 JUNE 2 5 JUNE 2 5 6.91 6 . 94 - 0. 03 U . S . COMMERCIAL PAPEJ2 CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL JUNE 2 5 JUNE 2 5 JUNE 2 5 6.65 6.87 -0.22 EURO—DOLLAR D E P O S I T INTERBANK DM (FRANKFURT) , DIFFERENTIAL JUNE 2 5 JUNE 2 5 JUNE 2 5 6.91 7.04 -0.12 JUNE 2 5 JUNE 2 5 JUNE 2 5 6.91 6.84 0 . 07 COVERED EURO-DOLLAR D E P O S I T SWISS INTERBANK, COVERED DIFFERENTIAL CHART y . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMAN* JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. 20 7.62 5.89 5.12 4 . 48 9.49 8.96 6.44 8.92 APRIL 8.79 STOCK I N D I C E S ONITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 20 20 20 6 20 20 CORPORATE AAA BONDS CHART 1 0 . JUNE JUNE JUNE JUNE JUNE JUNE MARCH JUNE JUNE JUNE JOJf S J ONE JUNE JUNE JUNE JUNE 18 18 18 18 18 18 18 18 253.28 294.62 3 0 3 . 72 290.45 189.40 340.50 346.75 352.43 FEDERAL RESERVE statistical release H.10 (512) JUNE 2 7 , 198b FOREIGN EXCHANGE RATES FOR T B b WEEK ENDING JUNE 2 7 , 1986 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 CHIWA,P. R. DENMARK FINLAND FRANCE GERMANI GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS •NEB ZEALAND NORWAY PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRU2AD0 DOLLAR YUAN KRONE MARKKA FRANC Dm MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE BSCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: #UNITED STATES DOLLAR JUNE 2 3 68- 2 5 1 5 . 810 45. 970 13- 8 4 1- 3 8 8 0 3- 2 1 2 7 8. 3 5 0 0 5- 2 1 0 0 7. 1730 2- 2 4 9 0 142- 950 7- 8 1 2 0 12. 7 1 0 0 1 3 4 - 10 1 5 4 2 . 00 167. 90 2. 6 3 4 0 2. 5 3 2 5 53. 050 7. 6 5 0 0 152. 850 2 - 2280 38, 90 890, 90 144. 600 27- 970 7, 2 4 5 0 1. 8 4 9 0 38, 150 26. 4 3 0 149. 95 114.37 (CUMSNCY UNI S PER DOLLAR) JUNE 2 5 JUNE 2 4 6715. 45. 13. 90 620 400 84 1. 3 8 6 2 3. 2 0 9 5 8. 2 4 7 0 5 . 1660 7. 0 8 4 0 2. 2220 140. 5 0 0 7. 8 1 0 5 12. 5 8 0 0 136. 13 1525. 2 5 1 bo, 6 5 2. 6 2 0 5 2. 5 0 3 0 53. 550 7. 5 8 0 0 1 5 1 , 000 2. 2 1 9 5 38. 70 890. 50 142. 2 5 0 27. 965 7. 1 8 5 0 1, 8 2 4 0 38, 150 26. 3 7 0 151, 6 5 113.21 66. 80 15.580 45. 290 13.84 1.3860 3.2095 8.2250 5.1500 7. 0680 2.2160 140.400 7.8110 12.5200 136. 30 1520.00 166.10 2.6275 2. 4955 52. 800 7.5650 150.550 2.2165 39.40 8 9 0 . 00 141.700 27. 973 7.1700 1.8160 38.150 26. 370 151. 65 112.96 JUNE 2 b 66 7 3 15 , 6 3 0 45 ,420 13 . 8 4 1 ,3945 3, , 2 0 9 5 8, , 2 4 6 5 5, , 1 b 7 5 7 ,0880 2, ,2210 140 ,850 7 ,8105 12 , 5 6 0 0 1 3 5 ,80 1526 ,20 16b ,10 2 ,6365 2, , 5 0 3 0 5 3 ,220 7 ,5750 1 5 1 ,100 2 ,2160 39 ,55 889, ,50 142 ,700 27, , 9 9 7 7 ,1800 1 ,8195 38 ,150 26 3 5 0 151 ,95 113.19 JUNE 2 7 67. 154513. 13- 03 490 060 84 3885 20 95 57. z. 140. 7- 129b 0325 20 40 400 8. 1820 8110 12. 5 4 0 0 08 25 43 6330 2. 4 8 5 0 54. 050 7- 5 3 0 0 150. 750 137. 1514. 165. 2. 2. 2010 4 0 . 00 8 8 9 . 40 141. 400 28. 012 7. 138, 2b. 152. 1410 8080 150 350 90 112.45 #INDEX OF WEIGHTED AV2RAG2 21CHAMGB VALUE Of U . S . ftOLllB AGAINST CURRENCIES OF OTHER ti-IU COUNTRIES. MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF BACH OF THE 1 0 COUNTRIES. SERIES REVISED AS OF AUGUST 1 9 7 8 . FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: R E V I S I O N " ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE BULLETIN. •VALUE I S U.S. CENTS
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