The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(516/517) Selected Interest & Exchange Rates Weekly Series of Charts March 27,1989 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DuC. 20551 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 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 SUBSCRIPTION RATES: Weekly $24.00 per year or $.60 e a c h in the United States, its p o s s e s s i o n s , Canada, and Mexico; 10 or more of the s a m e i s s u e to o n e a d d r e s s , $22.50 per year or $.55 each. Elsewhere, $30.00 per year or $.70 each. Address r e q u e s t s 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. CHART 1 SPOT EXCHANGE INDICES DOLLAR P R I C E S O F FOREIGN C U R R E N C I E S AND WEIGHTED AVERAGE VALUES (THIN LINE) A V E R A G E S FOR WEEK ENDING WEDNESDAY RATIOS MARCH 197: 1=100 SCALE \1973=100 140 120 140 FOREIGN C U R R E N C Y PRICE O F U.S. DOLLAR __ BELGIAN FRANC 120 100 100 90 90 80 80 70 l I I i i i 70 280 240 280 S W I S S FRANC - J A P A N E S E YEN — 240 200 200 180 180 160 - 140 140 120 I I I I I 120 I 100 100 CANADIAN DOLLAR 90 80 160 90 U.K. POUND 80 70 70 60 60 50 I I I I I I 50 200 180 200 - GERMAN MARK 180 DUTCH GUILDER 160 160 140 140 120 120 100 I I I I I 100 I 120 60 - 100 90 ITALIAN LIRA 50 FRENCH FRANC ^ 80 ~ 45 40 70 35 60 30 50 I 1987 1989 I I 25 1987 1989 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 4 4 U. K. P O U N D CANADIAN DOLLAR 1 Ax/ " ^ V - I I I I I I I i i l n l i i h i I 1 1 I I I I I I I I I I I DUTCH GUILDER S W I S S FRANC / v I J A P A N E S E YEN GERMAN MARK i I V/ ~ I I I i.iniiiiii I I I I I I ITALIAN LIRA FRENCH FRANC - 8 12 1987 1989 1987 1989 CHART 3 PRICE OF GOLD IN LONDON A V E R A G E S FOR WEEK ENDING WEDNESDAY U.S. LLARSPER FINE OUNCE U.S. DOLLARS PER FINE Ol 520 520 500 500 12.5 Kg BARS 480 480 AFTERNOON FIXING PRICE 460 460 440 440 420 420 400 400 380 380 360 360 340 340 320 320 I I I M 300 1986 1987 I M 1988 I I I I I I I M I M 1989 I I 300 CHART4 CALL MONEY RATES WEEKLY S E R I E S PERCENT PER ANh ENTPER ANNUM 16 16 12 12 U.S. FEDERAL F U N D S FRANCE 8 8 JAPAN 4 4 0 0 16 16 CANADA 12 12 8 GERMANY 8 4 4 0 0 16 20 UNITED KINGDOM S W TZERLAND 16 12 12 8 8 4 4 NETHERLANDS 0 0 1987 1989 1987 1989 CHART 5 3-MONTH INTEREST RATES WEEKLY S E R I E S PERCENT PER AW ENT PER ANNUM 12 12 FRENCH INTERBANK RATE 10 10 U.S. C D ' S 8 8 6 6 WEIGHTED AVERAGE FOREIGN RATE 4 2 4 I J_L J_L I I I I 2 16 14 16 U.K. INTERBANK STERLING - 14 - 12 CANADIAN FINANCE C O . PAPER f 12 10 10 8 - I 6 I I I I I 6 8 6 8 8 GERMAN INTERBANK RATE - S W I S S INTERBANK RATE . - 6 4 4 2 2 0 I I I I I I IIIIIIIIIII 10 0 10 8 8 J A P A N E S E GENSAKI RATE 6 6 4 4 2 2 1987 1989 1987 1989 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON A V E R A G E S FOR WEEK ENDING WEDNESDAY 14 12 14 OVERNIGHT 3-MONTH 12 10 10 8 8 6 6 4 4 14 14 12 7-DAY 6-MONTH 12 10 10 8 8 6 6 4 4 14 14 12 1-MONTH 1-YEAR — — 12 10 10 8 8 6 - I 4 1987 1989 I I I I 1987 I 6 4 1989 CHART7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+),FAVORS BORROWING IN U.S. AVERAGES FOR WEEK ENDING WEDNESDAY 14 12 10 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS DASHED LINE 8 6 OVERNIGHT EURO-DOLLAR DEPOSITS 90-DAY C D ' S DASHED LINE 4 2 I I IIIM IIIIII I III IIIIIIII I I I i l l ii I I 11111111111 2 DIFFERENTIAL DIFFERENTIAL 1 + 0 1 I I I 1111111111111 n 111111111 1987 [ENTIAL SCALE = 2 PERCENT ON RATE SCALE 1989 l I I J 1987 CHART8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR A S S E T S A V E R A G E S FOR WEEK ENDING WEDNESDAY ENTPER ANNUM PERCENT PER ANN 16 16 12 12 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 8 8 4 EURO-DOLLAR D E P O S I T S DASHED LINE U.S. COMMERCIAL P A P E R DASHED LINE 0 I I I I I I M I I I I I II I I I I I I I I I I I I I M I I I I I 4 1111ili1111lii1111 ill 2 2 DIFFERENTIAL DIFFERENTIAL + + 0 0 IIl u l u II 2 II I! I l l II I I I I I I I I I I I I I I I I I I I I I I I I I I2I I I I 16 16 12 0 12 INTERBANK DM COVERED FRANKFURT S W I S S INTERBANK (SF) C O V E R E D 8 8 4 EURO-DOLLAR D E P O S I T S DASHED LINE 0 I I I I I EURO-DOLLAR D E P O S I T S DASHED LINE I I I I I I I I I I II I l l I I I I I I I I I I I I I I I I I I 4 I I I I I I I I I I I I I I I 0I I I I I I I I I 2 2 DIFFERENTIAL DIFFERENTIAL + + Vv_yYVy,Y/NvXAvA^xAr- 0 I 2 1987 1989 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I I I 1987 I lllllllllll 0 lllllllllll 1989 2 CHART9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY S E R I E S DENT PER ANNUM PERCENT PER AN! 14 14 CANADA UNITED S T A T E S 12 12 ^ 10 i /V\ / A r V 10 8 8 6 I I I I 1 1 1 1 1 6 1 14 14 v UNITED KINGDOM 12 - 10 8 6 FRANCE 1 1 1 12 V v V V V 10 / 8 1 1 I 6 10 8 10 „ SWITZERLAND __ JAPAN - 8 6 6 4 4 2 I I I I I I I 1 1 1 1 1 2 1 10 8 10 NETHERLANDS MONTHLY - GERMANY - 6 6 4 — 1 2 8 1987 1989 1 1 4 2 1987 1989 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY S E R I E S RATIO SCALE 1969-100 RATIO SCALE 1969-100 600 500 - — UNITED S T A T E S 400 — NETHERLANDS A A 300 200 - i 150 i i i i i iiiiiiiihi iiliiliilii 800 JAPAN GERMANY 600 - 500 400 300 - I I I I I I 300 SWITZERLAND 250 FRANCE 200 150 100 - - - I I I I I I 600 — | 500 - CANADA r V 400 300 200 UNITED KINGDOM I I I 1 1 1 1987 A z " i l l ii h i l l i 1989 1987 1989 SERIES CHART 1. SPOT WEEKLY EXCHANGE B A T E S AVERAGES, NOON L A S T VALOE P L O T T E D DATE VAi.DE NAME AND I N D I C E S BUYING R A T E S (U.S. CENi'S) MARCH 2 2 MARCH 22 MARCH 22 MARCH 22 MARCH 22 MARCH 22 MARCH 22 MARCH 22 MARCH 22 MARCH 22 GERMAN MARK J A P A N E S E 1 EN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S w I S J FRANC B E L G I A N FRANC 1'iAx.IAN L I R A S W E D I S H KRONA HCES, MARCH 1973 BASE RATES = 100 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FRANC ITALIAN LIRA .GH'i'ED AVERAGE EXCHANGE VALUE I N D I C E S , i G - 1 0 COUNTRIES PLUS SWITZERLAND) MAR U . S . DOLLAR GEaMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR F R E N C H FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA SWEDISH KRONA CHART 2 . 3 - M O N T H FORWARD EXCHANGE R A T E S , CANADIAN D O L L A R U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH G U I L D E R J A P A N E S E YEN ITALIAN LIRA 53.3% 0. 76109 47.31 171.68 83.75 1 5 . 7t> 61.81 2. 54533 0 . 0 7 27b 15. 62 1973 = 1 5 0 . 18 199.26 1J5. 62 6 9 . 44 63.47 71.03 198.83 100. 4b 41.33 22 22 22 22 22 22 22 22 22 22 22 97.24 1 5 8 . 32 21 1 . 0 6 135. 43 6 5 . 19 80.30 6 6 . bO 19 8 . 4 2 9 8 . 13 3 7 . 73 6 6 . 73 22 22 22 22 22 22 22 22 — 1 . 82 —2m 3 8 3.93 1.47 4.65 3 . 51 5. 75 -2.05 100 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH PREMIUM 22 22 22 22 22 22 22 22 22 OR D I S C O U N T MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH SERIES CHAM 3. GOLD U.S. CHART PRICE PINE AFTERNOON F I X I N G 393.06 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MASCH MARCH 22 22 22 22 22 22 22 22 22 9 . 86 9 . 71 12.72 1 1 . 17 5.7b 4.04 8. 46 5.85 4.63 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 22 22 22 22 22 22 10. 6. 4. 12. 12. 5. 8. 6. 8. MARCH MARCH MARCH MAECH MARCH MARCH 22 22 22 22 22 22 9.71 9.83 10.09 10.30 10.66 10.99 OVERNIGHT EURO-DOLLAE D E P O S I T S U . S . F E D E R A L FUNDS DIFFERENTIAL MARCH 2 2 MARCH 2 2 MARCH 2 2 9 . 71 9 . 86 - 0 . 15 3-MONTH EURO-DOLLAR D E P O S I T U . S . 9 0 - D A Y C D ' S , SECONDARY DIFFERENTIAL MARCH 2 2 MARCH 2 2 MARCH 2 2 10.3 0 10. 23 ti.0 7 CALL PER LONDON, MARCH 2 2 4. DOLLARS IN L A S T VALUE P L O T T E D DATE VALUE NAME OUNCE MONEY R A T E S U . S . FEDERAL FUNDS OVERNIGHT EURO-Dux.i.AR D E P O S I T S U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN I N T E R B A N K LOAN J A P A N E S E GENSAKI RATE CANADIAN F I N A N C E PAPER INTERBANK STERLING S W I S S I N T E R B A N K LOAN FRENCH INTERBANK RATE N E T H E R L A N D S I N T E R B A N K RATE W E I G H T E D AVERAGE F O R E I G N I N T E R E S T R A T E l G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART b. EURO-DOLLAR DEPOSIT KATES: 7. SELECTED EURO-DOLLAR 23 52 20 27 96 67 93 62 13 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6 - MONTH 1-YEAR CHART 22 22 22 AND U . S . MONEY RATE MASKET MARKET B A T E S SERIES CHART ti. INTEREST L A S I VALUE P L O T T E D DATE VALUE NAME ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL P A P E R CANADIAN F I N A N C E P A P E R , DIFFERENTIAL COVERED COVERED EURO-DOLLAR D E P O S I T INTERBANK DM (FRANK* UKT) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9. 10. MARCH 2 2 MARCH 2 2 MARCH 2 2 10. 07 1 0 . 40 - 0 . 33 MARCH 2 2 MARCH 2 2 MARCH 2 2 10. 30 10. 5z - 0 . 22 MARCH 2 2 MARCH 2 z MARCH 2 2 1 0 . 30 10. 39 - 0 . 09 17 17 17 17 17 17 9.35 6 . 87 4.81 .4. 8 2 1Q. 5 7 9.57 6 . 42 8 . 70 MARCH MARCH MARCH MARCH MARCH MARCH DEC. MARCH 17 CORPORATE AAA BONDS CHART 10. 30 1 0 . 52 - 0 . 22 LUNG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) U N I T E D KINGDOM U.S. MARCH 2 2 MARCH 2 2 MARCH 2 2 MAY 9.-33 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FnANCE JAPAN MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 22 22 22 22 22 22 22 22 3 1 0 . 02 37 1. 66 3 5 2 . 40 236. 75 2 1 8 . 86 J 1 9. 46 445. 1 c 631.27 FEDERAL RESERVE statistical release H.10(512) MARCH 2 4 , 1989 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 2 4 , 1989 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 CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA *1RELAND ITALY JAPAN MALAYSIA NETHERLANDS *NEW ZEALAND NORWAY PORTUGAL SINGAPORE SOUTH AFRICA SOUTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND • U N I T E D KINGDOM DOLLAR SCHILLING FRANC 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 MAR. 20 (CURRENCY U N I T S PER DOLLAR) MAR. 2 1 MAR. 2 2 MAR. 23 MAR. 24 82.39 13.198 39.280 1.1946 3.7314 7.3285 4.2550 6.3510 1.8755 158.000 7.7955 15.5300 142.35 1375.00 131.70 2.7550 2.1160 61.420 6.8230 154.650 1.9405 2.5510 676.00 116.860 33.497 6.4140 1.6155 27.430 25.540 171.03 82.20 13.184 39.210 1.1922 3.7314 7.3160 4.2250 6.3435 1.8730 157.950 7.7945 15.5300 142.65 1372.00 131.28 2.7540 2.1135 61.500 6.8100 154.300 1.9410 2.5500 676.10 116.450 33.497 6.3920 1.6220 27.480 25.530 172.00 82.08 13.150 39.150 1.1898 3.7314 7.3000 4.2200 6.3350 1.8693 157.800 7.7930 15.5200 142.80 1374.50 131.15 2.7525 2.1092 61.480 6.7970 154.250 1.9410 2.5520 676.00 116.600 33.538 6.3840 1.6230 27.560 25.520 172.28 82.76 13.170 39.180 1.1895 3.7314 7.3060 4.2250 6.3350 1.8715 157.150 7.7885 15.5400 142.85 1376.00 131.20 2.7490 2.1110 61.900 6.8020 154.400 1.9420 2.5450 675.95 116.470 33.577 6.3870 1.6255 27.380 25.500 172.18 82.70 13.189 39.250 1.1920 3.7314 7.3190 4.2315 6.3420 1.8735 158.200 7.7885 15.5000 142.70 1376.75 131.50 2.7490 2.1135 61.850 6.8105 154.700 1.9420 2.5450 675.40 116.670 NA 6.3950 1.6285 27.220 26.950 171.90 97.33 97.13 97.01 97.07 97.21 S I N D E X OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAR AGAINST CURRENCIES OF OTHER G - 1 0 C O U N T R I E S . MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 1 0 C O U N T R I E S . S E R I E S R E V I S E D AS OF AUGUST 1 9 7 8 . FOR D E S C R I P T I O N AND BACK DATA, SEE " I N D E X 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 B U L L E T I N . •VALUE I S U . S . CENTS
@FedFRASER