The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
A (616/517) ''%#L Selected Interest & Exchange Rates Weekly Series of Charts June 8,1987 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 RATESH.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE-LONDON 4. CAI L MONEY RATES 5. 3-MONTH INTEREST RATES R EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES & 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 = 100 50 45 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA —> 40 , 35 30 I # 200 180 160 • — — — __ - 120 — i i TNi i J * /^J ^— / ^ \ ~ > — — - — 160 - 140 - 120 - 100 ill 11hilii 80 j I J - I I I I I I 140 — DUTCH GUILDER 3^ /V M 20 200 180 — J— — i ill i h i l l i 80 I I|II|II|II l - 140 100 l JAPANESE YEN GERMAN MARK 25 - - 120 yZ — 100 - 90 - - 80 - - 70 — I I I I I I ill I l u l u I 60 90 — __ UK. POUND - FRENCH FRANC : — \r - I I I I I I I l I I I I I SWISS FRANC - W — / - - J\J \,J - I I I 1985 I I 1987 - 60 - 50 I I I I I 1985 I n i i i i i i i i i 40 240 — 200 f\r - I 70 — BELGIAN FRANC I 80 - I l l 11 h i l l I I — I — - 180 — 160 — 140 - 120 u h i hill i 1987 100 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN ENT PER ANNUM 4 JAPANESE YEN CANADIAN DOLLAR 0 —J — \ 4 I IIII 8 4 I I I I I MIXIMIM I — U. K. POUND SWISS FRANC + 0 - 4 • I 8 8 I I I I I - I IIIIIIIIIII — DUTCH GUILDER GERMAN MARK 4 — 0 I 4 I I 4 FRENCH FRANC 0 4 8 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 480 t • 480 460 - 460 440 - 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 - 420 400 - 400 380 380 360 360 340 340 - 320 320 300 300 280 - 280 i i l i i l i i l i i I i ' l i i l ' i I i i 260 1984 1985 1986 1987 260 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANI R PER ANNUM 16 FRANCE 12 U. S. FEDERAL FUNDS ~ 8 4 Z: JAPAN I 0 I I I I I iiiiiiniii 16 CANADA 12 8 GERMANY J v W \ 4 0 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 14 U. S. C D ' S 12 CANADIAN FINANCE CO. PAPER - 10 J - =J WEIGHTED AVERAGE FOREIGN RATE I I I I I I _Z\ 14 - 12 - 10 - 8 11111111111 6 \ / \ - I I I i I I l M 14 ^ U.K. INTERBANK STERLING FRENCH INTERBANK RATE 12 - - 10 - V/~ - I I I I I I M l , 8 - Ml 6 10 — 10 NETHERLANDS INTERBANK RATE * 8 - GERMAN INTERBANK RATE • ... i V i i i - 6 4 I 2 I I I I i I , , 8 — 10 SWISS INTERBANK RATE * 8 I JAPANESE GENSAKI RATE X 6 • - 2 I I I I I 1985 I - I M l , 1987 4 <YW - 4 A W ' X - 6 I I I I 1985 I 11111111111 1987 2 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANH T PER ANNUM 14 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 12 10 8 6 4 14 12 10 8 6 4 14 1-YEAR 1-MONTH 12 10 8 6 4 1985 1987 1985 1987 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 16 16 14 14 12 FEDERAL FUNDS 90-DAY CD' S DASHED LINE DASHED LINE 12 10 10 OVERNIGHT EURO-DOLLAR DEPOSITS I I I I I I I I I I I 1 _ L \J 3-MONTH EURO-DOLLAR DEPOSITS I I I I I I I I I I I _i_L n 111111 i i 111 4 2 — DIFFERENTIAL DIFFERENTIAL - A aaa k A i i iM i J\, A i i /v i i 111111111111 r 11111111111 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE + 0 AA I A 1987 I I I I I 1985 I I I I I I I I I I I 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCE 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 10 EURO-DOLLAR DEPOSITS 6 DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE I 2 2 I I DIFFERENTIAL DIFFERENTIAL + 0 2 18 INTERBANK DM 14 __ COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 10 6 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE I 2 2 I I I I DIFFERENTIAL DIFFERENTIAL + 0 2 I I I I I I 1985 I I 1987 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I 1985 I 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANN PER ANNUM 16 — 16 CANADA UNITED STATES 14 14 12 - 12 10 10 8 8 I 6 I I I I I I I I I I I I I I I i l l 11 h i l l i I — 14 UNITED KINGDOM __ 12 JAPAN 6 10 — — 8 6 10 4 8 I 6 I I I I i ill i h i l l i i ill i h i h i GERMANY 8 SWITZERLAND - 4 I 2 I I I I I i i h i h i h i 6 4 17 17 U. S. 15 2 10 8 6 I CORPORATE MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 ! 7 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALI 1969=101 RATIO SCALE 1969=100 500 500 400 400 — - y w 300 UNITED STATES UNITED KINGDOM — / 200 I I I — 550 - 450 - 350 - I 11111111111 I I I / — r JAPAN I 100 I 650 — — 650 - - v-/ - - I I I I I - - r V T l 200 - 350 — — 250 Mlllhll.l 150 I r i i I l l l l l l l l l l 250 1 1 _ SWITZERLAND ^ - 200 - 150 . i i n i . i i M 100 - 1 I I II I II III I II I I I l l l l l l l l l l — 500 - - NETHERLANDS f GERMANY 300 100 450 — CANADA 200 - / — i 300 400 550 jj^\ - I 500 400 - - FRANCE 150 — - I I I 1 1 1985 300 200 - 100 250 - , 1 1987 1985 1987 LAST VALUE PLOTTED DAZE VALVE SERIES MIME CHART 1. SPOT BXCHANGB RATES AMD INDICES WEEKLY AVERAGES, BOOH BOXING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3 3 3 3 3 3 3 3 3 3 55.03 0. 69642 48.84 163.31 74.55 16.48 66.47 2.65274 0. 07615 15.78 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3 3 3 3 3 3 3 3 3 154. 81 182.35 140. 21 66. 05 74.31 74.28 213. 84 104.53 43.26 3 3 3 3 3 3 3 3 3 3 3 97. 60 164. 86 191. 81 140. 64 61. 95 71. 14 70. 28 214. 32 102. 69 39. 75 67. 67 3 3 3 3 3 3 3 3 -1. 16 -1.52 3.56 -1.11 3.37 2. 14 3.50 -2.85 INDICES, MARCH 1973 BASE BATES = 100 GERMAN HABK JAPANESE YEN DUTCH GUILDBB 0. K. . POOBD CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 (G-10 COUNTRIES PLUS SWITZERLAND) O.S. DOLLAR GERMAN MARK JAPANESE IBB DUTCH GUILDER O.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FBANC ITALIAN LIRA SWEDISH KRONA CHART 2. 3-MONTH FORWARD EXCHANGE CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FBANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE , PREMIUM OR DISCOUNT JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE SBHIBS BAHE LAST VALUE PLOTTED DATE VALUE CHABT 3. GOLD PBICE IN LONDON, AFTERNOON FIXING 0.9. DOLLARS PER FINE OUNCE e JUNE 3 451.00 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3 3 3 3 3 3 3 3 3 6.65 9.51 8.92 7.72 3.85 3. 10 7.84 5. 13 1.00 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3 3 3 3 3 3 3 3 3 7.01 3.71 3.73 8.30 8.83 3.78 8. 06 5. 13 6. 00 JUNE JUNE JUNE JUNE JUNE JUNE 3 3 3 3 3 3 9.51 6.75 7.04 7.21 7.45 7.91 CHART 4. CALL HONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS 0. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SBISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-HO NTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. HONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL JUNE JUNE JUNE 3 3 3 9.51 6.65 -0. 15 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S. SECONDARY MARKET DIFFERENTIAL JUNE JUNE JUNE 3 3 3 7.21 7.Q1 0.20 . SERIES VASE LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-HOHTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE JUNE JUNE 3 3 3 7.21 7.27 -0.05 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JUNE JUNE JUNE 3 3 3 6.97 7.11 -0.14 EURO-DOLLAR DEPOSIT INTERBANK Dfl (FRANKFURT) , COVERED DIFFERENTIAL JUNE JUNE JUNE 3 3 3 7.21 7.30 -0. 09 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE JUNE JUNE 3 3 3 7.21 7.19 0.03 MAY MAY MAY MAY MAY MAY APRIL MAY 29 29 22 8 8 22 8.55 5.32 3.34 4.11 9.80 8.79 6.12 8.70 CHART 9. LONG TERM GOVERHENT BOND YIELDS UNITED STATES GERMAN! JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 29 U.S. CORPORATE AAA BONDS CHART 10. 8-36 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS MARCH NAY 27 HAY 27 27 HAI HAI 27 *1 310.03 368.06 364.96 250.59 196.51 J®®*f* FEDERAL RESERVE statistical release H.10(512) JUNE 5, 1987 FOREIGN EXCHANGE RATES FOR THE MEEK ENDING JUNE 5, 1987 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 BRAZIL CANADA CHINA,P.R. DENMARK 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 CRUZADO DOLLAR YUAN KRONE 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: SUNITED STATES DOLLAR JUNE 1 CCURRENCY UNITS PER DOLLAR) JUNE 2 JUNE 3 JUNE 4 JUNE 5 71.47 12.890 37.980 NA 1.3380 3.7314 6.9050 4.4435 6.1170 1.8340 136.750 7.8100 12.8900 146.17 1324.00 145.45 2.5065 2.0670 57.750 6.7940 143.000 2.1245 49.20 826.50 127.800 29.040 6.3780 1.5220 31.540 25.750 162.42 71.52 12.680 37.500 NA 1.3422 3.7314 6.7880 4.3880 6.0250 1.8040 134.650 7.8097 12.8000 148.53 1304.50 142.25 2.4950 2.0335 57.800 6.6925 140.500 2.1150 49.55 826.60 125.700 29.065 6.2975 1.4880 31.490 25.790 164.35 71.68 12.700 37.450 NA 1.3435 3.7314 6.8000 4.3900 6.0440 1.8075 134.900 7.8062 12.8100 148.13 1308.50 142.80 2.4975 2.0370 57.920 6.6970 142.000 2.1155 49.60 824.70 125.970 29.055 6.3090 1.4938 31.440 25.710 164.30 71.40 12.785 37.690 NA 1.3414 3.7314 6.8450 4.4130 6.0775 1.8185 135.750 7.8075 12.8400 147.22 1317.00 144.30 2.4990 2.0495 57.660 6.7340 141.750 2.1165 49.45 824.80 126.670 29.055 6.3410 1.5035 31.390 25.750 162.32 71.39 12.745 37.590 NA 1.3437 3.7314 6.8300 4.4505 6.0700 1.8140 135.550 7.8070 12.8300 147.60 1313.00 143.80 2.4970 2.0435 57.830 6.7300 141.500 2.1125 49.75 824.90 126.430 29.090 6.3300 1.5040 31.350 25.770 163.10 98.37 96.97 97.16 97.81 97.58 •INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1973 - 100. HEIGHTS 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. *VALUE IS U.S. CENTS
@FedFRASER