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5-1110
(516/517)
LIBRARY
DATA FILE
k d e r a l T V I
OF
B r n
CHICAGO
M A R 2 8
'
9 8 5
8 S 8 & S S S 8 E
Selected Interest &
Exchange Rates
Weekly Series of Charts
March
25,
1985
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 $ 1 5 . 0 0 per year or $ . 4 0 each in the United
States, its possessions, Canada, and Mexico; 10 or
more of t h e same issue t o one address, $ 1 3 . 5 0 per
year or $ . 3 5 each. Elsewhere, $ 2 0 . 0 0 per year or $.50
each. Address requests to Publications Services, Division of Administrative Services, and make p a y m e n t
remittance payable t o the order of t h e 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 19t3=100
RATIO SCALE
MARCH 1973=100
180
160
-
140
—
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
jT"
120
100
80
JAPANESE YEN
—
-
—
~ l
I
I
I
I
11111111117
I
—
—
CANADIAN DOLLAR
SWISS FRANC
200
-
160
140
120
I
I
I
I
I
I
100
160
GERMAN MARK
140
DUTCH GUILDER
-
120
100
" l
I
I
I
I
I
i l l 11 h i l l i 1 1 i l i l l i l l 1 1
FRENCH FRANC
U.K. POUND
80
-
70
I
60
^
50
40
I
1 1 1
I
I
120
e
BELGIAN FRANC
ITALIAN LIRA
—
|
-
50
-
40
-
-
35
—
-
30
80
-
70
"
1
1
1
^
1
1
1
1983
1
I ! I I I ! I I 11 I
1985
I
I
I
I
I
1983
I
I I I I II I I I I II I I I I I I I II II
1985
25
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
24
ITALIAN LIRA
CANADIAN DOLLAR
6
6
12
U. K. POUND
DUTCH GUILDER
0
6
12
12
SWISS FRANC
GERMAN MARK
6
0
16
8
FRENCH FRANC
JAPANESE YEN
32
1983
1985
1983
1985
CHART 3
PRICE OF GOLD IN LONDON
A V E R A G E S FOR WEEK E N D I N G W E D N E S D A Y
U.S.
c
U.S. DOLLARS PER FINE <
.LARS PER FINE OUNCE
600
560
520
480
1 2 . 5 K g BARS
AFTERNOON FIXING PRICE
440
400
360
320
280
240
1982
1983
1984
1985
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER
NT PER ANNUM
24
20
FRANCE
16
U. S. FEDERAL FUNDS
12
8
JAPAN
4
0
I
I
I
Mill
24
20
16
SWITZERLAND
-
CANADA
L
-
12
8
4
-
-
-
—
0
4
20
16
12
GERMANY
8
* A/*
4
I
0
1983
1985
I
I
I I I I I I I I I I I
1983
11111111111
1985
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
PERCENT PER ANNUM
18
20
-
-
U.S.
CANADIAN FINANCE CO.
PAPER
-
CD'S
*
-
-
I
WEIGHTED AVERAGE
FOREIGN RATE
I
I
I
I
I
I
GERMAN INTERBANK RATE
U.K. INTERBANK STERLING
llllllllll
—
SWISS INTERBANK RATE
JAPANESE BANK
LOANS AND DISCOUNTS
-
1
A
I I I I I I I I I !I
1983
1985
1983
I II I II I II II
1985
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
24
24
OVERNIGHT
3-MONTH
7-DAY
6-MONTH
1-MONTH
1-YEAR
-
-
I
1983
1985
I
I
I
I
1983
I
11111111111
1985
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
20
18
22
-
16
14
-
20
—
18
16
FEDERAL FUNDS
DASHED LINE
3-MONTH
12
-
10
—
I
E U R O - D O L L A R DEPOSITS
-
II
1
1
14
,
12
10
OVERNIGHT
E U R O - D O L L A R DEPOSITS
90-DAY CD' S
1
1
1
11
1 i i 1 i i 1 i i
1 1 1 1 1 1 1 1 1 1 1
1111111
—
6
3
DIFFERENTIAL
DIFFERENT IAL
—
Iu /A AM
A M
V v V ^
I
I
I
v
A
i
AM
11111111111
1983
1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E
.
+
0
rv
11111111111
1985
1
1
1
1
1
1983
1
11111111111
11111111111
1985
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS<+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER WNUM
22
22
CANADIAN FINANCE
CO. PAPER, COVERED
EURO-DOLLAR DEPOSITS
DASHED LINE
INTERBANK STERLING
6
COVERED LONDON
U. S. COMMERCIAL PAPER
2
2
4
2
DIFFERENTIAL
DIFFERENTIAL
0
2
22
22
SWISS INTERBANK (SF) COVERED
INTERBANK DM
COVERED FRANKFURT
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
DASHED LINE
2
2
DIFFERENTIAL
DIFFERENTIAL
0
JJLLLL
2
1983
1985
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1983
1985
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
NT PER ANNUM
PERCENT PER AL
UNITED STATES
CANADA
-l/Vy
|
-
11
-
7
I
I
l
I
I
I
15
UNITED KINGDOM
SWITZERLAND
—
—
11
•
7
13
I
I
I
I
I
I
I
I
I
I
I
I
I
MONTHLY
GERMANY
—
JAPAN
-
9
5
I
I
I
I
I
I
22
U. S.
CORPORATE
MONTHLY
18
FRANCE
A M BONOS
14
NETHERLANDS
MONTHLY
10
6
1983
1985
1983
1985
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
190=100
RATIO SCALE
1969=100
260
"260
——
220
UNITED STATES
UNITED KINGDOM
1
180
140
-
—
aW
i
100
r
i
i
220
—
180
-
140
Illllllllll
100
yV
-
-
-
i
-
-
A
1
i
1
l
l
l
l
220
180
'
NETHERLANDS
140
—
100
-
A
./V
SWITZERLAND
-
AA/
u
-
80
I
220
—
180
-
I
1
1
1 1
Illllllllll
f
-
FRANCE
140
kJ\T
-
-
GERMANY
V
100
-
1
80
320
—
280
—
240
-
1 1
160
r
M
1
1
1
-
1
1
CANADA
J
-
-
r *
—
—
—
1
-
JAPAN
200
Illllllllll
—
w
120
1
1
1983
1
1
Illllllllll
1985
1
1
1
1
1983
1
Illllllllll
Illllllllll
1985
SEBIBS
CHART 1 .
LAST VALUE PLOTTED
DATE
VALUE
NAME
SPOT EXCHANGE BATES AND I N D I C E S
WEEKLY AVERAGES,
NOON BUYING RATES
(0,5.
CENTS)
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
O . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
INDICES,
MARCH 1 9 7 3
BASE BATES =
8 S I G H T E D AVERAGE EXCHANGE VALUE I N D I C E S ,
{G—10 COUNTRIES PLUS SWITZERLAND)
U . S . DOLLAR
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
3-MONTH FORWARD EXCHANGE R A T E S ,
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
S W I S S FRANC
DUTCH GUILDER
J A P A N E S E YEN
ITALIAN LIRA
20
20
20
20
20
20
20
20
20
20
30.06
0.38651
26.59
1 1 1 . 14
72.36
9.83
3 5 . 38
1.49470
0.04754
10. 55
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
20
20
20
20
20
20
20
20
20
8 4 . 55
101.20
76.32
44.95
7 2 . 12
44.31
113.82
58. 90
27.01
20
20
20
20
20
20
20
20
20
20
20
159. 46
126.94
152.90
110.94
62.05
104.44
60.77
166.70
84.31
36.28
66.53
20
20
20
20
20
20
20
20
-1.89
- 3 . 78
3.30
-1.68
3 . 49
2 . 16
3.04
- 5 . 49
100
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
S W I S S FRANC
BELGIAN FRANC
ITALIAN LIRA
CHART 2 .
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
BAB 1 9 7 3 =
100
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
PREMIUM OR DISCOUNT
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
SERIES
CHART 3 .
GOLD P R I C E 1 8 LONDON, AFTERNOON F I X I N G
0.S.
.
L A S T VALUE PLOTTED
DATE
VALUE
NAME
DOLLARS PER F I N E OUNCE
MARCH 2 0
304.61
CALL HONEl RATES
U . S . FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR D E P O S I T S
U.K.
CANADA
GERMAN?
JAPAN
FRANCE
NETHERLANDS
SWITZERLAND
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
20
20
20
20
20
20
20
20
20
8.75
4.59
14.88
10. 05
5.77
6.38
10.69
6.70
1.85
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
20
20
20
20
20
20
20
9 . 13
6.39
6.34
11.53
13.47
5.85
9.17
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
20
20
20
20
20
20
8 . 59
8.67
8.89
9.33
9.94
10.88
OVERNIGHT EURO-DOLLAR D E P O S I T S
U. S . FEDERAL FUNDS
DIFFERENTIAL
MARCH 2 0
MARCH 2 0
MARCH 2 0
8 . 59
8. 75
- 0 . 16
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
MARCH 2 0
MARCH 2 0
MARCH 2 0
9. 33
9 . 13
0 . 20
CHART 5 .
3-MONTH I N T E R E S T BATES
U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET
GERMAN INTERBANK LOAN
J A P A N E S E BANK LOANS S DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK S T E R L I N G
S W I S S INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE
( G - 1 0 COUNTRIES P L OS SWITZERLAND)
CHART 6 .
EURO-DOLLAR D E P O S I T R A T E S : LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7 .
SELECTED EURO-DOLLAR AND U . S .
MONET MARKET RATES
SERIES
CHART 8 .
LAST VALUE PLOTTED
DATE
VALUE
NAME
INTEREST ARBITRAGE,
3-MONTH FUNDS
EURO-DOLLAR D E P O S I T
INTERBANK S T E R L I N G (LONDON),
DIFFERENTIAL
MARCH 2 0
MARCH 2 0
MARCH 2 0
9.33
9.56
-0.24
U . S . COMMERCIAL PAPER
CANADIAN FINANCE P A P E R , COVERED
DIFFERENTIAL
MARCH 2 0
MARCH 2 0
MARCH 2 0
8.98
9.58
- 0 . 60
EURO-DOLLAR D E P O S I T
INTERBANK DM ( F R A N K F U R T ) ,
DIFFERENTIAL
MARCH 2 0
MARCH 2 0
MARCH 2 0
9.33
9.74
-0.41
MARCH 2 0
MARCH 2 0
MARCH 2 0
9.33
9.40
-0.07
MARCH 1 5
MARCH
1
DEC.
MARCH
1
MARCH
8
MARCH 1 5
DEC.
MARCH 1 5
11.85
7.59
6.36
4.94
12.33
12.37
7.72
10.34
COVERED
COVERED
EURO-DOLLAR D E P O S I T
SWISS I N T E R B A N K , COVERED
DIFFERENTIAL
CHART 9 .
LONG TERM GOVERMENT BOND Y I E L D S
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
U.S.
CORPORATE
AAA BONDS
CHART 1 0 .
12.13
STOCK I N D I C E S
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
FEB.
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
13
13
13
13
13
13
13
13
183.90
217.08
256.41
180.25
143.73
198. 90
209.70
2 6 1 . 59
r
s
FEDERAL RESERVE statistical release
•00(512)
w BABCH 2 2 ,
1965
FOREIGN EXCHANGE RATES
FOB THE BEE* ENDING
BIRCH 2 2 ,
1985
The Board of Governors of the Federal Aeeerw Byetem te
rVehiCty
BONETABY
OBIT
COUNTBI
•AUSTRALIA
AUSTRIA
BELGIUB
BRAZIL
CABADA
CHINA,P«B.
DENBARK
FINLAND
FRANCE
GERBANI
GREECE
BONG KONG
INDIA
•IRELAND
ISRAEL
HALT
JAPAN
BALATSIA
BE!ICO
NETHERLANDS
•NEB ZEALAND
NORB1T
PHILIPPINES
PORTUGAL
SINGAPORE
*SOOTH AFRICA
SOUTH KOREA
SPAIN
S R I LABKA
SBEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOB
VENEZUELA
DOLLAR
SCHILLING
FRANC
CBUZEIBO
DOLLAB
YUAN
KRONE
BABKKJ
FBANC
D. BABK
DBACHBA
DOLLAB
RUPEE
POUBD
SHEKEL
LIBA
TEN
BINGGIT
PESO
GUILDEB
DOLLAB
KBOBE
PESO
BSCUDO
DOLLAB
SABD
BON
PESETA
BUPBB
KROBA
FBANC
DOLLAB
BAHT
POUBD
BOUTAB
BEBO:
#UNITED STATES
DOLLAB
•VALOB I S 0 . S .
CBITS
BIB. 18
69.20
23.475
67.1*0
*196.00
1.3820
2.86*1
11.9*00
6.9250
10.2000
3.3*10
1*2.200
7.8020
13.0000
93.10
•A
2115.00
259.90
2.5890
250.0000
3.7760
**.650
9.5550
It
187.000
2.2690
50.00
853.50
18*.900
26.883
9.5125
2.8*30
39.570
28.280
110.60
• A
160.08
i Federal
Ye* Has oertBM for eueloms
( C 0 M B 1 C I W I T S M B D011AB)
SHTT5
69.75
23.060
65.850
*196.00
1.3752
2.8*70
11.7200
6.7975
10.0250
3.2765
1*0.500
7.7985
12.7700
95.00
•A
2072.00
256.30
2.5750
251.0000
3.7020
*4.700
9.3800
• A
184.000
2.2600
52.00
848.60
181.750
26.883
9.3550
2.7825
39.620
28.130
113.55
•A
157.22
I
aim. 20
BIG. 2 1
69.50
22.923
65.650
4200.00
1.3760
2.8356
11*6710
6.7750
9.9725
3.2580
139.900
7.7955
70.60
22.500
64.450
4200.00
1.3690
2.8469
11.5100
6.6850
9.8250
3.2100
138.500
7.7970
12.6500
97.15
• A
2052.00
254.10
2.5500
248.5000
3.6250
45.900
9.2400
• A
12.6000
95.50
•A
2073.00
256.40
2.5520
250.5000
3.6825
45.250
9.3900
• A
181.000
2.2470
52.25
852.50
180.800
26.863
9.3625
2.7550
39.650
27.970
115.10
•A
156.55
181.000
2.2500
52.50
853.40
179.600
26.863
9.2200
2.7200
39.670
BIB.
22
70.00
22.678
64.850
4250.00
1.3775
2.8385
11.5500
6.6850
9.8625
3.2275
138.750
7.7975
12.6600
96.85
•A
2054.00
255.65
2.5425
248.0000
3.6450
45.850
9.2600
• A
182.000
118.70
•A
2.2375
51.10
852.90
178.800
26.863
9.2500
2.7310
39.700
27.850
117.25
1A
154.23
155.12
28.000
@FedFRASER