The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(516/517) >* Selected March 24,1986 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 http://fraser.stlouisfed.org/ h a Reserve Bank of St. Louis Federal 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 RATESHI. 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 SCALEMARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA 180 160 „ GERMAN MARK JAPANESE YEN - 140 f - / 120 - 100 90 i r 80 — — — — - - i ihihihi I l l | || - I I I I I I IIIII II III I I I I I I DUTCH GUILDER U.K. POUND - BELGIAN FRANC - — CANADIAN DOLLAR 1984 - FRENCH FRANC SWISS FRANC 1986 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM JAPANESE YEN CANADIAN DOLLAR 4 12 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 0 8 24 24 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c PER FINE OUNCE U.S. DOLLARS PER FINE 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 PER :NT PER ANNUM PERCENT PER M 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 0 0 20 20 16 16 UNITED KINGDOM 12 - - GERMANY 8 " X 4 A — y 8 ...—, 4 NETHERLANDS I 0 t — 1984 12 1986 M I I 1984 I I I I I II I II I I 0 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERI NT PER ANNUM PERCENT PER AN 16 14 U.S. CD'S CANADIAN FINANCE CO. PAPER - 12 L 10 8 14 — 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 - 8 4 6 16 16 U.K. INTERBANK STERLING FRENCH INTERBANK RATE 14 14 12 12 10 10 8 8 10 10 NETHERLANDS INTERBANK RATE 8 GERMAN INTERBANK RATE - 8 6 6 4 - V - l l l l 11 2 4 2 8 9 SWISS INTERBANK RATE 8 - 6 JAPANESE GENSAKI RATE 7 4 6 2 I 5 1984 1986 I 0 I 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah 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-YEAR 1-MONTH 14 14 12 — 12 10 10 8 8 i l l ii h i l l i 6 1984 1986 1984 1986 6 CHART 7 SELECTED EURO-DOLLAR AND U.S.MONEY MARKET RATES DIFFERENTIAL: P L U S H , FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER A :NT PER ANNUM 16 16 14 14 FEDERAL FUNDS E U R O - D O L L A R DEPOSITS DASHED LINE 3-MONTH 12 12 10 10 8 8 9 0 - D A Y CD S OVERNIGHT E U R O - D O L L A R DEPOSITS 6 6 JJL 4 J 11111111111 I 111111111111 1 1 1 1 1 1 1 1 1 1 1 2 4 2 DIFFERENTIAL DIFFERENTIAL 1 1 / V v > V^V/YVAaa^— + 0 1 J I 1111 n 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1984 PERCENT ON D I F F E R E N T I A L SCALE = 2 PERCENT ON RATE SCALE 1986 I I I I I I 1984 I 11111111111 + 0 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 14 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 14 10 10 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL + 0 2 2 18 18 14 INTERBANK DM - COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE I III 2 2 DIFFERENTIAL DIFFERENTIAL 1984 1986 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 1984 1986 CHART 9 LONG -TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER AN •NT PER ANNUM 17 17 - UNITED STATES 15 CANADA — 15 13 13 11 11 9 9 I 7 I I 7 9 15 13 7 SWITZERLAND UNITED KINGDOM 11 5 9 3 III I I I 7 1 10 10 GERMANY JAPAN 8 8 6 6 I 4 I I 4 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=100 300 - 260 / — UNITED KINGDOM 220 - ~ I I I I M |II|M|II I 340 — Jyy J - 260 ~ 220 - 180 ~ 140 - 380 300 260 A J - I — - J J / V A FRANCE / J GERMANY 180 / V / I - 260 220 - 180 - 140 I I I I I I I I I I I 100 285 — — 255 - - 225 - 195 — 165 — 135 JKJ KJ /</ J — 1 I I I I I I I I I I I 1 105 I,,!,, 1 75 340 — JAPAN — / v f\ - 300 yv . rvvvV V/ 260 f 220 • - - 140 300 — CANADA — 340 - - I 140 Z SWITZERLAND — - - I — - 180 100 — (\ _ - 1 i 300 220 1 — / A I 100 260 1 — — - - 1 I I I I I I I I I I I - 140 1 I - - 1 - a a / I 180 jJ - — 220 340 220 — - NETHERLANDS 100 340 f - I 100 300 260 UNITED STATES 180 140 300 - I I 1984 I I I I 111 M i l l 11111111111 1986 1 1 1984 1 I I | I I | I I | I I i i | | | | | | | | | 1986 180 140 LAST 7ALOE PLOTTED DATE VALUE SERIES NAME CHART 1. S P O T EXCHANGE H A T E S A M D I N D I C E S MEEKLY A V E R A G E S , NOON BUYING BATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 19 19 19 19 19 19 19 19 19 19 44.18 0.56510 39.14 146.80 71.91 14.36 52.63 2. 15708 0.06491 13.83 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 19 19 19 19 19 19 19 19 19 124.28 147.96 112.35 59.38 71.67 64.72 169.31 85.00 36.88 19 19 19 19 19 19 19 19 19 19 19 115.44 148.48 176.00 127.82 63. 73 78.89 69.83 193.10 94.93 38.59 67.70 19 19 19 19 19 19 19 19 -3.08 -4.03 3.09 -4.93 3.58 1.93 1.97 - 8 . 68 I N D I C E S , M A R C H 1973 BASE RATES = 100 G E R M A N HARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH F R A N C SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA WEIGHTED A V E R A G E E X C H A N G E VALUE I N D I C E S , MAR 1973 = (G-10 C O U N T R I E S P L U S S W I T Z E R L A N D ) 0. S. DOLLAR G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN F R A N C I T A L I A N LIRA SWEDISH KRONA 100 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E S A T E S , PREMIUM OR D I S C O U N T C A N A D I A N DOLLAR U.K. POUND G E R M A N MARK FRENCH F R A N C SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH SERIES NAME L A S T VALUE PLOTTED DATS VALUE CHART 3. G O L D PRICE IN LONDON, A F T E R N O O N FIXING U.S. D O L L A R S PER FIN E OUNCE MARCH 19 349.08 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 19 19 19 19 19 19 19 19 19 7.47 7. 49 13. 00 12.50 4.70 5. 28 8.38 5.65 1.00 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 19 19 19 19 39 19 19 19 19 7. 16 4.46 5.37 10. 40 11.63 3.90 8.18 5.41 7.43 MARCH MARCH MARCH MARCH MARCH MARCH 19 19 19 19 19 19 7.49 7. 53 7.48 7.39 7.35 7.38 O V E R N I G H T EURO-DOLLAR DEPOSITS U.S. F E D E R A L F U N D S DIFFERENTIAL M A R C H 19 MARCH 19 MARCH 19 7. 49 7. 47 02 3 - M O N T H EURO-DOLLAR DEPOSIT FATE U.S. 90-DAY CD'S, SECONDARY M A R K E T DIFFERENTIAL MARCH 19 MARCH 19 MARCH 19 7. 39 7. 1o 23 CHART 4. CALL MONEY BATES U.S. F E D E R A L F U N D S O V E R N I G H T EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3 - M O N T H I N T E R E S T R A T E S U.S. 90-DAY CD'S, SECONDARY M A R K E T G E R M A N I N T E R B A N K LOAN JAPANESE GENSAKI RATE C A N A D I A N F I N A N C E PAPER INTERBANK S T E R L I N G SWISS I N T E R B A N K LOAN FRENCH INTERBANK R A T E N E T H E R L A N D S INTERBANK R A T E WEIGHTED A V E R A G E FOREIGN INTEREST R A T E (G-10 C O U N T R I E S PLUS SWITZERLAND) CHART 6. E U R O - D O L L A R DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . S E L E C T E D EURO-DOLLAR AND U.S. HONEY M A R K E T R A T E S 0. 0. SERIES NAME L A S T V A L U E PLOTTED DATE VALUE CHART 8 . I N T E R E S T A R B I T R A G E , 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), C O V E R E D DIFFERENTIAL M A R C H 19 M A R C H 19 M A R C H 19 7.39 7.48 -0.09 U.S. C O M M E R C I A L PAPJSR C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL M A R C H 19 M A R C H 19 M A R C H 19 7.14 7.24 -0.10 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT) , C O V E R E D DIFFERENTIAL M A R C H 19 M A R C H 19 M A R C H 19 7.39 7.59 -0.20 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , C O V E R E D DIFFERENTIAL MARCH 19 M A R C H 19 MARCH 19 7.39 7.52 -0.13 CHART 9. LONG TERM G O V E R M E N T BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM MARCH MARCH JAN. FEB. MARCH MARCH JAN. MARCH 14 14 14 7 14 14 7.7 2 5.77 6.29 4.36 9.96 9.85 6.81 9.00 U.S. C O R P O R A T E AAA BONDS C H A R T 10, 9.67 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN FEB. MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 12 12 12 12 12 12 12 12 236.62 296.95 296.52 287.56 197.35 302.43 317.57 303.62 FEDERAL RESERVE statistical release H.10 (512) MABCH 21, 1986 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING MARCH 21, 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: COUNTBY MONBTABY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FBANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHEBLANDS •NEW ZEALAND NORWAY PORTUGAL SINGAPORE •SOOTH AFRICA SOUTH KO&EA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAB SCHILLING FBANC CBUZADO DOLLAR YUAN KRONE MARKKA FBANC D. NABK DBACHMA DOLLAB BUPEE POUND LIRA YEN BINGGIT GUILDEB DOLLAB KRONE ESCUDO DOLLAR RAND WON PESETA BUPEE KBONA FBANC DOLLAB BAHT POUND MEMO: IUNITED STATES DOLLAB MAB. 17 70. 93 15. 780 46. 040 13. 84 1, 3895 3. 2191 8 . 3275 5 . 1120 6.9150 2.2500 140. 400 7. 9150 12.2400 134. 40 1530. 00 175. 73 2.5210 2.5400 53. 100 7. 1020 148. 300 2. 1640 49. 85 886, 70 141. 880 27. 615 7. 2050 8850 39. 100 26. 370 146. 40 1. 114.89 (CUBBEMCY OBITS PEB DOLLAR MAB. 18 MAR. 19 71. 28 15. 810 46. 030 13. 84 1.3885 3. 2191 8.3175 5. 1100 6.9175 2. 2480 140. 150 7. 8130 12. 2300 134. 30 1531. 00 175. 00 2.5215 2.5380 52. 900 7. 1100 148. 200 2.1615 49. 95 886.30 141. 640 27. 615 7. 2050 8835 39. 040 26, 350 147. 67 1. 114.68 71. 00 15. 875 46. 310 13. 84 1. 3890 3. 2191 8.3425 5. 1150 6. 9630 2615 140. 750 7. 8160 12. 2400 133. 72 1540. 00 177. 10 2.5340 2.5525 53. 050 7. 1400 148. 500 1675 49. 10 885. 90 142. 100 27. 628 7. 22 00 1. 8950 38. 990 26.380 147. 90 2. 2. 115.29 MAB. 20 MAR. 21 71. 31 15. 837 46. 180 13. 84 1. 3970 3. 2191 8.3275 5, 1060 6. 9350 2, 2565 140, 300 7, 8130 12, 1700 133. 96 1535, 00 176. 37 2.5370 2, 5465 53. 350 7. 1200 148, 500 2. 1630 47. 90 886. 40 141. 600 27, 625 7, 2075 1, 8935 38, 940 26, 380 148, 75 71. 37 15. 760 45. 960 13. 84 3978 3. 2191 8.2890 5. 0795 6.8990 2.2420 139. 900 7. 8130 12. 1700 134. 60 1528. 00 175. 80 2.5420 2. 5305 53. 600 7. 0 9 6 0 147- 900 2. 1630 47. 90 886. 00 141. 050 27. 628 7. 1750 1. 8725 38. 890 26. 370 150, 15 115.00 1. 114.39 tlHDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SEBIES REVISED AS OF AUGUST 1978. FOB DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAB: BEVISION" ON PAGE 700 OF THE AUGUST 1978 FEDEBAL RESERVE BULLETIN. •VALUE IS U.S. CENTS
@FedFRASER