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s-yYO (516/517) DATA FILE LIBRARY f E D E R A L RESERVE 0£ CHICAGO % Selected Interest & Exchange Rates Weekly Series of Charts I March 4, 1985 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 a GOLD PR ICE-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 a 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 5 IE 73=100 RATIO MARCH 197; 1 =100 180 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 160 JAPANESE YEN 140 120 100 80 240 — — CANADIAN DOLLAR SWISS FRANC 200 — - 160 140 120 I I I I I I I IIIIIIIIII I IIIIIIIIII 100 160 GERMAN MARK DUTCH GUILDER - 140 120 100 — 80 70 100 FRENCH FRANC U.K. POUND 80 70 60 50 40 60 BELGIAN FRANC ITALIAN LIRA 50 40 35 30 I 1983 1985 I I IIIIIIIIII I 1983 25 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 6 - - CANADIAN DOLLAR I - I I A I I I l U. K. POUND - \ 6 I I I I I ITALIAN LIRA - l l l l l - iilii hill i l DUTCH GUILDER - I 12 SWISS FRANC GERMAN MARK H ^ V\J -*AA 1 V V 1 1 1 1 FRENCH FRANC 12 JAPANESE YEN I 1983 1985 I 1983 I I IlllllI IIIlllllll 1985 4 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DI PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 560 560 520 520 480 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 440 400 400 360 360 320 320 280 280 240 240 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER A h NT PER ANNUM 24 20 FRANCE 16 U. S. FEDERAL FUNDS 12 8 JAPAN 4 11 0 24 EURO-SWISS FRANC 20 f\ 16 12 CANADA Aa h 8 4 - + 0 I 4 I I I I I 20 16 U. K. 2-DAY LOCAL AUTHORITY 12 GERMANY 8 J1 VxA 4 AA EURO-DM I 0 - 1983 1985 I 1983 I 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERES PERCENT PER AN! ' PER ANNUM 20 18 16 — 14 - 12 \ 18 - 16 CANADIAN FINANCE CO. PAPER \ 14 10 - 12 10 8 6 — WEIGHTED AVERAGE FOREIGN RATE 8 I 4 I I I I I i i l i i l- i i I i i 6 18 14 16 12 10 GERMAN INTERBANK RATE 14 U.K. INTERBANK STERLING 12 8 10 6 8 4 11 12 10 10 9 8 SWISS INTERBANK RATE 8 JAPANESE BANK LOANS AND DISCOUNTS 6 4 2 0 1983 1985 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN NT PER ANNUM 24 20 3-MONTH OVERNIGHT 16 12 8 I II II I 4 24 20 7-DAY 6-MONTH 1-MONTH 1-YEAR 16 12 8 4 24 20 16 12 8 4 1983 1985 1983 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 22 PERCENT PER ANNUM 20 20 18 18 16 16 14 FEDERAL FUNDS DASHED LINE 3-MONTH 14 E U R O - D O L L A R DEPOSITS 12 12 10 10 8 - OVERNIGHT E U R O - D O L L A R DEPOSITS 6 - 90-DAY CD* S I I I I I I I i I i i I i i I i i I i 11 i i 11 11 i i I i i I I 111111111111 11111111111 6 3 DIFFERENT IAL DIFFERENTIAL - 11111111111 1983 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 R A T E S C A L E 11111111111 1985 I I I I I 1983 I I I I I I I I I I I I I I I I I I I I I I I 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 22 22 18 - 14 (- 10 - - \ EURO-DOLLAR DEPOSITS \ DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED - V I INTERBANK STERLING 6 COVERED LONDON I 2 I U. S. COMMERCIAL PAPER I 11111111111 DIFFERENTIAL DIFFERENTIAL t / V / Wvvf / V ILll 2 22 18 14 /Wl k 4 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT rf 10 \ — | ~ EURO-DOLLAR DEPOSITS IDASHED I EURO-DOLLAR DEPOSITS LINE DASHED LINE I I ..In!..In DIFFERENTIAL DIFFERENTIAL 1A fA I I 1983 1 I 1985 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 R A T E S C A L E - A 1 A 1 1 11 — 1 1 1983 1 « A + k llh.l 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANF R PER ANNUM 19 19 CANADA UNITED STATES 15 - U v 15 - i 11 11 - I 7 I I I I I 7 9 15 UNITED KINGDOM SWITZERLAND — — 5 11 — I 7 13 I I 1 13 — MONTHLY GERMANY JAPAN 9 9 I 5 I II I I I I I I I I 5I I 22 22 U . S . CORPORATE MONTHLY - 18 18 FRANCE Aaa BONDS 14 14 — NETHERLANDS ^ - MONTHLY 1C - - I 1111 i 11 1983 1985 I I I I 1983 I lllll1111II M | l 1985 " 10 6 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED STATES UNITED KINGDOM NETHERLANDS SWITZERLAND FRANCE GERMANY CANADA JAPAN SERIES CHART 1 . LAST VALDE PLOTTED VALUE DATE NAME SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN HARK 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 INDICES, MARCH 1 9 7 3 BASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK J A P A N E S E YEN DUTCH GUILDEfi U . K . POUND CANADIAN DOLLAR FRENCH FRANC S W I S S FRANC BELGIAN FBANC ITALIAN LIRA SWEDISH KRONA 3-MONTH FORWARD EXCHANGE B A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FBANC DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA 27 27 27 27 27 27 27 27 27 27 29. 0. 26. 107. 72. 9. 34. 1. 0. 10. 47 38239 02 04 07 64 85 46392 04731 48 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 27 27 27 27 27 27 27 27 27 8 2. 100. 74. 43. 71. 43. 112. 57. 26. 90 12 70 29 83 42 12 69 87 27 27 27 27 27 27 27 27 27 27 27 162. 126. 153. 110. 60. 105. 60. 166. 83. 36. 67. 26 04 41 02 44 54 33 46 68 63 06 100 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 . FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. MAR 1 9 7 3 = 100 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. PREMIUM OR DISCOUNT FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 27 27 27 27 27 27 27 27 -1.90 -4.53 3.26 -1.80 3.40 2 . 19 2.95 -5.11 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E I N LONDON, AFTERNOON F I X I N G U.S. 4. DOLLARS PER F I N E OUNCE EURO-DOLLAR D E P O S I T R A T E S : FEB. FEB. FEB. FEB. FEB. MARCH FEB. FEB. JAN. MARCH 27 27 22 15 22 1 22 22 1 8.40 8. 29 1 4 . 13 9. 77 5 . 50 5. 39 6 . 13 10. 63 10.30 11.97 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 27 27 27 27 27 27 27 8.89 6.09 6.31 11.41 14.01 5. 77 9. 09 FEB. FEB. FEB. FEB. FEB. FEB. 27 27 27 27 27 27 8 . 29 8.54 8.70 9 . 24 9.78 10.48 1 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 291.81 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 J A P A N E S E BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S INTERBANK LOAN WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 10 COUNTRIES PLUS SWITZERLAND) CHART 6 . 27 CALL MONEY RATES U . S . FEDERAL FUNDS OVEBNIGHT EURO-DOLLAR D E P O S I T S U. K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC 5. FEB. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L ADJ. FOR RESERVE REQUIREMENTS FEB. FEB. FEB. 27 27 27 8 . 29 8 . 40 - 0 . 11 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 FEB. FEB. FEB. 27 27 27 9 . 24 8 . 89 0 . 35 1 LAST VALUE PLOTTED DATE VALOE S E R I E S NAME CHART 8 . I N T E R E S T ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL FEB. FEB. FEB. 27 27 27 9 . 24 9 . 32 - 0 . 09 U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL FEB. FEB. FEB. 27 27 27 8. 66 9. 45 - 0 . 80 EURO-DOLLAR D E P O S I T INTERBANK DM (FRANKFURT), DIFFERENTIAL FEB. FEB. FEB. 27 27 27 9 . 24 9. 40 - 0 . 17 FEB. FEB. FEB. 27 27 27 9 . 24 9 . 22 0 . 01 FEB. FEB. DEC. FEB. FEB. FEB. DEC. FEB. 22 15 57 7. 42 6 . 36 4. 91 1 1 . 79 1 2 . 11 7 . 72 10. 39 COVERED EURO-DOLLAR D E P O S I T SWISS INTERBANK, COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. 15 15 15 22 11. CORPORATE AAA BONDS EORO-DOLLAR BONDS CHART 1 0 . 12.08 10.29 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JAN. NOV. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 20 20 20 20 20 20 20 20 186.79 215.72 258.97 175.72 1 4 0 . 14 194.81 204.87 2 5 1 . 12 FEDERAL RESERVE statistical release MARCH 1, 1985 H.10 (512) FOREIGN EXCHANGE RATES FOB THE WEEK ENDING 1985 H1BCH 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 OMIT DOLLAR •AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM CRUZEIRO BRAZIL DOLLAR CANADA YUAN CHINA# P . R . KRONE DENMARK MARKKA FINLAND FRANC FRANCE D . MARK GERMANY DRACHMA GREECE DOLLAR HONG KONG RUPEE INDIA POUND •IRELAND SHEKEL ISRAEL LIRA ITALY YEN JAPAN RINGGIT MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR •NEW ZEALAND KRONE NORWAY PESO PHILIPPINES ESCUDO PORTUGAL DOLLAR SINGAPORE RAND •SOUTH AFRICA WON SOUTH KOREA PESETA SPAIN RUPEE S R I LANKA KRONA SWEDEN FRANC SWITZERLAND DOLLAR TAIWAN BAHT THAILAND • U N I T E D KINGDOM POUND BOLIVAR VENEZUELA MEMO: •UNITED STATES 1978 DOLLAR FEDERAL BBSEBTE •TILDE I S O . S . CENTS FEB. 25 69.40 24.240 69.600 3936.00 1.4025 2.8503 12.3725 7.1100 10.5600 3.4525 140.000 7.8065 13.1000 90.15 NA 2159.00 262.65 2.5770 243.0000 3.9145 44.020 9.8350 NA 186.500 2.2780 46.20 844.10 190.130 26.633 9.6800 2.9170 39.270 28.350 105.45 NA 164.72 BULLETIN. (CURRENCY U N I T S PER DOLLAR FEB. 27 FEB. 26 FEB. 28 BAR. 70.85 23.572 67.500 3951.00 1.3885 2.8559 70.30 24.100 69.150 3936.00 1.3985 2.8588 12.3050 7.1150 10.5150 3.4350 140.000 7.8080 13.2200 90.55 NA 2147.00 261.05 2.5800 242.0000 3.8950 44.100 9.8225 NA 189.500 2.2750 46.35 846.10 191.570 26.673 9.6725 2.9060 1A 28.350 105.20 NA 71.70 23.480 67.300 3936.00 1.3820 2.8588 11.9500 6.9150 71.00 23.460 67.300 3951.00 1.3835 2.8417 11.9600 6.9400 3.3350 139.000 7.8010 13.0000 93.35 NA 2070.00 259.30 2.5600 241.0000 3.7650 44.600 9.5300 NA 185.500 2.2500 50.00 846.00 185.500 26.673 9.4200 2.8400 IA 3.3440 139.750 7.8000 12.9300 92.90 NA 2083.00 259.45 2.5830 241.0000 3.7775 44.450 10#.75 SI 107.90 NA 107.20 NA 164.08 159.89 160.41 161.04 10.2000 28.200 10.2200 9.6000 NA 184.500 2.2620 48.90 845.00 184.850 26.693 9.4800 2.8570 NA 28.100 12.0200 6.9600 10.2450 3.3540 140.500 7.8035 12.9800 92.90 NA 2095.00 260.35 2.5880 239.5000 3.7950 43.000 9.6500 NA 186.000 2.2740 48.50 845.00 185.900 26.732 9.5300 2.8610 39.390 28.180
@FedFRASER