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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts June 9,1986 DIVISION OF 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 t o 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 1984 1986 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PERCENT PER M 4 8 JAPANESE YEN CANADIAN DOLLAR + 0 4 4 0 8 4 4 + 12 U. K. POUND SWISS FRANC + 0 8 4 4 8 0 8 GERMAN MARK 8 DUTCH GUILDER 4 4 0 0 8 8 FRENCH FRANC ITALIAN LIRA + + 0 0 8 8 16 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y U.S. c -ARS PER FINE OUNCE U.S. DOLLARS PER FINE ( 520 520 500 500 480 480 460 460 12.5 Kg BARS AFTERNOON FIXING PRICE 440 440 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 I I I I I I I I I I I I I I I I I I I I I I 260 1983 1984 1985 1986 260 CHART 4 CALL MONEY RATES WEEKLY SERIES [NT PER ANNUM PERCENT PER Af 20 20 16 16 FRANCE U. S. FEDERAL FUNDS 12 12 8 8 4 4 JAPAN 0 0 20 20 16 SWITZERLAND CANADA A. I . A, 12 8 : 16 12 8 4 4 0 0 20 20 16 16 UNITED KINGDOM 12 12 GERMANY 8 aW/VWW r 4 8 4 NETHERLANDS 0 0 1984 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES :NT PER A N N U M P E R C E N T PER Ah 16 14 U.S. CD'S CANADIAN FINANCE CO. PAPER 12 14 10 12 8 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 I 4 I I I I 6 16 14 FRENCH INTERBANK RATE U.K. INTERBANK STERLING - 14 V ^ - 12 12 10 10 1 — - 8 8 6 10 10 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE 8 8 6 6 4 4 2 2 8 8 7 „ JAPANESE GENSAKI RATE / ]I - SWISS INTERBANK RATE 6 6 4 \ 5 4 I I I I I 1984 I 2 - 11111111111 0 1986 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER Al 16 16 OVERNIGHT 3-MONTH 14 14 12 — 12 10 10 8 8 ii I ii h i l l i 6 6 16 16 7-DAY 6-MONTH 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 P E R C E N T PER A N N U M P E R C E N T PER A N N U M 16 14 FEDERAL FUNDS 3-MONTH DASHED LINE EURO-DOLLAR DEPOSITS 12 10 A/ 8 9 0 - D A Y CD' S OVERNIGHT EURO-DOLLAR DEPOSITS 6 4 2 DIFFERENTIAL DIFFERENTIAL 1 + 0 1 1984 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1986 1984 1986 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 14 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE - 10 14 10 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL 2 2 18 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE ill DIFFERENTIAL DIFFERENTIAL ON D I F F E R E N T I A L 1984 1986 1984 1 PERCENT SCALE = 2 PERCENT ON RATE SCALE 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER A N N U M P E R C E N T PER 17 17 UNITED STATES 15 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 JAPAN 8 8 6 6 4 I I I I I I I I I I II I I I I I I I I 4I 18 18 U. S. CORPORATE MONTHLY 16 16 FRANCE Aaa BONDS 14 14 12 12 NETHERLANDS 10 10 MONTHLY 8 8 6 6 1984 1986 1984 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED KINGDOM UNITED STATES Li 100 . — — 175 NETHERLANDS SWITZERLAND - 140 105 lllllllllll 70 FRANCE GERMANY CANADA JAPAN III I I I I 1984 1986 1984 1986 LAST VALUE PLOTTED SATE VALUE S E R I E S SAME CHART 1 . SPOT EXCHANGE HATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA INDICES, MARCH 1 9 7 3 BASE BATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , (G—10 COUNTRIES PLUS SWITZERLAND) MAB 1 9 7 3 * 3-MONTH FORWARD EXCHANGE RATES, 43.45 0,57866 38.63 148. 28 7 2 . 14 13.64 5 2 . 42 2. 12875 0.06342 13.63 JUNE JU.NE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 4 4 4 122. 151. 110. 59. 71. 61. 168. 83. 36. 4 4 4 4 4 4 4 4 4 4 4 116.63 146.97 182.37 1 2 7 . 16 65.01 79.84 66.54 193.93 9 4 . 41 37.9b 67.25 PREMIUM 0 1 24 51 91 97 90 48 66 88 03 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER O . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FBANC BELGIAN FBANC ITALIAN LIBA SWEDISH KRONA CANADIAN DOLLAR O . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE I EN ITALIAN LIRA 4 4 4 4 4 4 4 4 4 4 100 GERMAN HABK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 - JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE DISCOUNT JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 4 4 -1. -2. 2. -0. 2. 1. 2. 70 59 53 37 40 15 39 - 4 . 22 SERIES CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. CHAM' 4 . LAST VALUE PLOTTED DATE VALUE NAME DOLLARS PES F I N E OUNCE EURO-DOLLAR D E P O S I T RATES: JUNE JUNE JU8E JUNE JUNE JUNE J USE JUNE J US E 4 4 4 4 4 4 4 4 4 6.95 6 . 89 1 0 . 17 8.67 4 . 45 4.35 7.38 6 . 40 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 4 4 4 6 . 78 4.61 4.65 8.67 9.74 4. 65 7 . 26 5.85 6.70 JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 6. 89 6. 95 7.01 7.01 7.03 7.26 6. 89 6.95 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS DIFFERENTIAL JUNE JUNE JUNE 4 4 4 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKS! DIFFERENTIAL JUNE JURE JUNE 4 4 4 1.00 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 3 4 2 . 14 3-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 GENSAK1 RATE CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATS WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 4 CALL HONEY BATES 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 . JUNE •0. 06 7.01 6.78 0. 23 SBRIES aABB LAST VALUE PLOTTED DATE VALUE CHART 8 . INTEREST ARBITRAGE, 3-HONTH FU8DS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LOBDOB), COTBRED DIFFERENTIAL JUBB JUNE JUNE 4 4 4 7.01 7.08 •0.07 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JUBB JUBB JUBB 4 4 4 6.75 6.93 EURO-DOLLAR DEPOSIT INTERBANK DM (FBANKFUBT) , COVERED DIFFERENTIAL JUBB JUBB JUBB 4 4 4 EURO-DOLLAR DEPOSIT SS1SS INTERBANK, COVEBBD DIFFERENTIAL JURE JUNE JUNE 4 4 4 MAY MAY MAY MAY MAY MAY MARCH MAY 30 30 30 16 30 23 CHART 9 . •0. 16 7.01 7.07 0.06 30 7.88 5.90 4.99 4.37 9.52 8.12 6.44 8.72 CORPORATE AAA BONDS CHART 1 0 . 7.01 7.17 LONG TBSM GOVEfifiBNT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM . •0. 18 APRIL 8.79 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN MAY MAX MAY MAY MAY MAY MAY MAX 28 28 28 28 28 28 28 28 254.60 294.25 306.35 274.85 189.94 333.05 353.99 342.08 . • • M M * FEDERAL RESERVE statistical release • m m - JONE H.10 (512) 6, 1986 FOREIGN EXCHANGE RATES FOB THE MEEK ENDING JONE 6, 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: COOITST •AOSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.a. DENMARK FINLAND FRANCE GERMANY GBEBCE HONG KONG INDIA •IRELAND HALT JAPAN MALAYSIA NETHERLANDS • NES ZEALAND NOBMAI POBTOGAL SINGAPORE •SOOTH AFRICA SOOTH KOBBA SPAIN SBI LANKA S8BDEN SWITZERLAND TAIWAN THAILAND *ONITBD KINGDOM MEMO: tONITED STATES MOMBTABZ OBIT DOLLAR SCHILLING FBANC CBQ2AD0 DOLLAR YUAN KRONE MARKKA FBANC 0 . HARK DRACHMA DOLLAR BOPBB POOND LIBA IBN RINGGIT GUILDER DOLLAR KRONE ESCODO DOLLAR RAND HON PESETA BOP BE KBONA FRANC DOLLAB BAST POOND DOLLAR JONE 2 (CBBBBNCI tlMTTS P M DOLL AH J01B JUNE 3 70.70 16.330 47.390 13.94 1.3893 3.2223 8.5970 5.3390 7.4030 2.3245 144.800 7.8160 12.8700 130.65 1591.00 174.90 2.6370 2-6145 56.250 7.8340 154.800 2.2700 41.65 892.10 147.900 27.945 7.3870 1.9295 38.210 26.560 147.40 7 0 . 06 16. 0 1 2 4 6 . 450 13. 84 1. 3928 3 . 2233 8. 4 3 0 0 5 . 2600 7. 2425 2. 2 7 3 5 145. 450 7 . 8120 12.7 0 0 0 133. 50 1 5 6 0 . 00 171. 60 2. 6 2 2 5 2. 5 5 9 0 56. 400 7 . 7125 152. 650 2.. 2 2 0 5 4 1 . 10 892. 60 145. 4 5 0 27. 938 7 .. 2 8 5 0 1.. 8 8 1 0 3 8 . .200 26.. 5 4 0 149. . 3 0 70-Q3 16. 005 46.500 13.84 1.3930 3.2159 8.4350 5.3630 7.2550 2.2790 142.300 7.8145 12.6700 133.35 1560.00 171.53 2.6250 2 . 5650 55.950 7.7200 152.550 2.2340 40.00 892.10 145.300 27.932 7 . 3010 117.67 115.60 115.82 1.8860 38.190 2 6 . 470 148.35 JUMB JOMB 6 6 9 . 22 15. 755 4 5 . 790 13. 84 1. 3930 3 . 2159 8. 3 0 0 0 5 . 2200 7 . 1250 2. 2 3 8 0 1 4 0 . 950 7 . 8125 12.6 9 0 0 135. 45 1 5 3 8 . 00 168. 90 2. 6 2 7 0 2 . 5185 5 5 . 500 7. 6400 1 5 0 . ,900 2. 2 2 8 0 4 0 ., 0 0 8 9 1 . .60 1 4 2 .. 9 5 0 2 7 ., 9 3 2 7. , 2 4 0 0 1.. 8 4 3 5 38 . 1 8 0 26 . 4 6 0 149 . 5 5 6 9 . 90 1 5 . 653 4 5 . 500 1 3 . 84 1 . 3967 3. 2095 8. 2450 5 . 1875 7 . 0980 2. 2300 1 4 0 . 400 7. 8115 12. 5800 1 3 6 . 28 1530- 00 1 6 7 . 70 2 . 6175 2 - 5090 5 6 . 050 7 . 6000 1 5 0 . 300 2. 2300 3 9 . 60 8 9 1 . 60 142. 100 2 7 . 923 7 . 1920 1. 8410 3 8 . ,170 26.,410 150. ,45 114.20 113.72 IINDBX OP WEIGHTED AVERAGE* KiCflAHSE W i t h * OF fl.S. DOLLAB AGAINST luHBENCLES OF OTHER G-iU COONTBIES. MARCH 1 9 7 3 = 1 0 0 . HEIGHTS ABB 1972— 76 GLOBAL TBADE OF BACH OF THE 10 COUNTBIBS. SERIES REVISED AS OF AOGOST 1 9 7 8 . FOB DESCRIPTION AND BACK DATA, SEE "INDEX OF THE HEIGHTED-AVEBAGE EXCHANGE VALUE OF THE 0 . S . DOLLAB: BBVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. •VALUE I S U . S . CENTS
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