Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : May 10, 1993

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

May 10,1993
Prepared by the
FINANCIAL MARKETS
SECTION




DIVISION OF

INTERNATIONAL FINANCE
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DC. 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 $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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 PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100
120
110

RATIO SCALE
MARCH 1973=100

140
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

130

100

—| 120

90

110

80

70
270

100

BELGIAN FRANC

•

i

i

I

i

i

'

I

i

'

i

l

i

i

'

i

'

I

'

I

'

I

'

'

'

I

'

» I

90
240

250

220

230

200

—| 180

210

JAPANESE YEN

170
100

160

SWISS FRANC

190

•

i

i

90

I

i

'

'

I

'

'

'

l

'

'

l

•

i

i

i

l

i

i

i

I

i

i

i

90

U.K. POUND

80

80

70

70
CANADIAN DOLLAR

60

60
50

140
100

•

'

i

I

i

i

i

1 i

i

i

i

i

i

I

i

i

i

l

i

i

i

l

i

i

i

50

200

200

180

190

160

180

140

170

120

GERMAN MARK

DUTCH GUILDER

•

i

'

I

'

'

'

I

'

'

'

I

'

i

'

•

i

i

i

i

r

FRENCH FRANC




ITALIAN

i

i

i

i

i

i

160

i

i

i

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

2

PERCENT PER ANNUM

2

(

GERMAN MARK

I

I

I

I

'

U.K. POUND

I

I

1 I

'

•

I

'

'

I

i

CANADIAN DOLLAR

1

1

1

1

1

/

W

I

i

i

i

I

i

i

'I

I

i

i

i

1

1 1

1

1

1 1

i

i

l

'

'

'

I

'

i

'

—

1

i

1

SWISS FRANC
i

i

JAPANESE YEN

//•

1

i

i

i

I

i

DUTCH GUILDER
V

V

' " W

—

—

4
6
8
2
+

0

1

1

1

1

1

1

1

1 1

1

1

1 1

1

1

1

1

1

1

1

1

1 1

i

i

i

l
1

i

i

i
2
+

ITALIAN LIRA

FRENCH FRANC

0

2

2

4

4

6
8

6

10

12

8

14

10
12

16

1

1 1
1990




1

1

1

1

1 1

1 1
1992

1 1

1

1

i

i i
1990

l

i

i

i

1

i

i i
1992

1 i

i

i

18

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

420

12.5 Kg BARS
AFTERNOON FIXING PRICE

400

400

380

360

360

340

1990




1991

1992

1993

CHART4

CALL MONEY RATES
WEEKLY SERIES
ENT PER ANNUM

PERCENT PER ANI IUM

10

16
14

8

FRANCE

U.S. FEDERAL FUNDS

12
10

—

6

8

4

6

JAPAN

4
2
10

'

i

i

l

'

i

» l

'

i

'

l

'

» »

i

i

i

l

i

i

i

l

i

i

'

l

i

i

i

2
10

9

9

8

8

NETHERLANDS
GERMANY

7

7

6
16

»«

i

I

i

i

'

I

i

i

i

I

i

'

i

i

» » I

i

i

i

I

i

i

» I

i

i

i

14

6
14

12

UNITED KINGDOM

12

CANADA

10

10

8

8

6

6

4

4

SWITZERLAND

'

•

'

I

1990




'

'

'

I

'

i
1992

i

I

i

'

'

» » l
1990

i

i

i

l

i

i
1992

i

l

i

i

i

2

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
12

15
WEIGHTED AVERAGE
FOREIGN RATE

13

10
CANADIAN FINANCE PAPER

11

9

6 —

7

4 —

•

« i

l

i

•

•

1

'

1

1

1

'

1

1

1

I

i

i

i

1

I

1

1

1

I

1

1

10

16

13 —

10 —
U.K. INTERBANK STERLING

NETHERLANDS INTERBANK RATE

7 —

» i

i

I

'

1

'

1

'

1

1

'

•

'

'

»

i

I

i

i

•

1

1

1

1

'

1

1

'

7
14

12
FRENCH INTERBANK RATE
JAPANESE CD RATE

10

5 —

•

'

'

I

'

'

*

1

1

1

^

1

1

I

1

i

i

'

I

'

i

i

I

i

i

'
10

10

GERMAN INTERBANK RATE

SWISS INTERBANK

'

'

'

1990




I

i

'

'

I

'

'
1992

'

I

'

'

'

I

I
1990

I

I

•

I

•

I

'

'
1992

'

I

'

'

'

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

10

10
3-MONTH

OVERNIGHT
8

—

6

—

4 —

i

•

»

I

i

i

i

l

»

•

'

I

i

i

i

'

1

«

I

1

1

'

I

1

'

i

I

'

'

•
12

7-DAY

10

6-MONTH

> i

i

l

i

i

i

i

' •

i

l

i

i

i

2
10

1-YEAR

1-MONTH

•

' •
1990

I




1

»

1

I

1

1

1

1992

I

1

1

1

•

i i
1990

I

'

i

i

I

'

i i
1992

I

i

i

'

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
D I F F E R E N T I A L : PLUS(+), F A V O R S B O R R O W I N G IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
10

8

—

6

—

PERCENT PER ANNUM
10

OVERNIGHT
EURO-DOLLAR DEPOSITS

3-MONTH
EURO-DOLLAR DEPOSITS

FEDERAL FUNDS
DASHED LINE

J

I

I

I

I

I

_

90-DAY CD'S
DASHED LINE

I

I

I

I

I

I

I

L _ L

J — I — I

I

I

I

DIFFERENTIAL

( V y ^ AA.I,

i

i
1990

i




I

1

1

1

1

1
1992

I

I

I

I

l

»

i

»

DIFFERENTIAL

A IjlN A / I / I rJ\A

1

I

, A,A

1

1

•

1

1

1

J

1
1990

1

I

I

I

I

, i A • A *0*

I

I

I
1992

I

I

I

I

I

I 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

10

10

8 —

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING

COVERED LONDON

6 —

4 —
U.S. COMMERCIAL PAPER

EURO-DOLLAR DEPOSITS'
2

DASHED LINE

DASHED LINE

—

» i

I

l

i

i

•

1

l

i

i

1 i

i

'

i

I

I

I

•

'

I

I

I

I

I

I

» I

—

DIFFERENTIAL

DIFFERENTIAL

i

'

2
10

'

I

I

1

I

1

1

'

i

1

1

I

'

A
Vvv^

A V

'

Ii

I

i

i

i

i

i

i

i

M

i

1 1

l

10

SWISS INTERBANK (SF) COVERED

INTERBANK DM

COVERED FRANKFURT

6 —

4 —
EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS
2

2

DASHED LINE

DASHED LINE

—

J

I

•

I

I

I

I

'

'

1

'

1 '

'

•

'

I

I

-"A

I

I

1990




I

I

I

'

'

•

'

'

I

1

1

1

'

'

'

'

DIFFERENTIAL

DIFFERENTIAL

^ -

•

a

I

1

1

I

» I
1992

I

1 I

I

I

I

I
1990

I

I

I

1

1

1992

I

I

I

I

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
1CENT PER ANNUM

PERCENT PER ANN!

10
UNITED STATES

UNITED KINGDOM

9
8
7
6
5
12

» i

i

I

» i

i

I

'

i

i

I

'

'

'

i

CANADA

i

i

I

i

i

i

l

i

'

'

I

'

i

i

I

i

i

i

'

'

I

i

i

i

FRANCE

11
10
9
8
7
8

SWITZERLAND

JAPAN

7

6

5

4
10
NETHERLANDS

GERMANY

9

8

7

6

1

» » l
1990




'

1

•

I

1

1

1992

» i

'

» »

i

i
1990

'

I

'

1992

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100

RATIO SCALE
1986=100

200

200

UNITED STATES

UNITED KINGDOM

180
160
140
120

i

170

i

i

l

i

i

i

I

i

1

i

l

i

i

i

'

SWITZERLAND

» » I

i

i

i

I

i

i

i

1 i

i

i

JAPAN

100
250
210
170

150

130
130
90
110

•

•

i

I

1

•

'

I

»

1

i

I

i

i

'

i

i

i

I

i

i

i

I

i

i

i

l

'

» i

50
155

FRANCE
145
135
100 —

125
115
1

CANADA

1

1

l

1

«

1

1

I

» « l

'

i

*

105
130

NETHERLANDS
120
110
100
90

» i

i

I

1990




i

i

'

I

i

i
1992

i

I

i

•

'

I

I
1990

I

I

I

'

I

I

I

•
1992

I

I

I

I

1

80

SERIES
7-Apr-93
Chart 1.

14-Apr-93 21-Apr-93 28-Apr-93 5-May-93

Spot Exchange Rates and Indices

Noon buying rates (U.S. cents, weekly averages)
Belgian franc
Canadian d o l l a r
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

3.0210
79.341
18.358
62.254
0.06288
0.87781
55.366
67.310
151.71

3.0467
79.326
18.534
62.703
0.06440
0.88231
55.796
68.291
154.24

3.0283
79.480
18.442
62.308
0.06505
0.89459
55.456
68.139
153.70

3.0692
79.032
18.694
63.129
0.06738
0.90132
56.167
69.788
157.24

3.0745
78.628
18.760
63.255
0.06777
0.90179
56.308
70.118
156.75

119.04
79.08
82.73
175.13
36.09
229.84
158.94
216.55
61.36

120.05
79.06
83.52
176.39
36.97
231.02
160.18
219.70
62.38

119.33
79.22
83.11
175.28
37.34
234.23
159.20
219.21
62.17

120.94
78.77
84.24
177.59
38.67
236.00
161.24
224.52
63.60

121.15
78.37
84.54
177.94
38.90
236.12
161.65
225.58
63.40

111.26
71.69
74.76
178.71
31.56
238.27
151.63
54.05
207.40
54.43
90.82

111.48
70.38
74.94
179.05
32.37
237.22
151.83
54.69
210.06
55.11
89.50

111.60
69.94
75.17
179.33
32.55
237.16
152.12
54.35
210.94
54.87
89.42

-1.99
-5.79
-4.70
-7.95
-0.03
-4.37
-1.89
-2.65

-1.87
-5.65
-4.70
-7.91
-0.02
-4.34
-1.96
-2.82

-2.03
-5.19
-4.59
-7.61
-0.04
-4.28
-1.94
-2.86

-2.04
-4.75
-4.51
-7.77
-0.05
-4.21
-1.99
-2.95

338.17

337.48

339.05

346.91

355.08

3.11
3.03
4.60
10.39
8.14
3.04
7.91
5.38
5.45

2.93
2.95
4.56
9.70
8.13
3.11
7.85
5.00
5.54

2.91
2.90
4.38
9.28
8.10
3.14
7.65
5.33
5.68

2.87
2.85
4.40
8.80
7.59
3.13
7.67
5.05
5.93

2.98
2.91
4.50
8.34
7.69
3.19
7.53
5.20
5.88

Indices, March 1973 base rates = 1 0 0
Belgian franc
Canadian d o l l a r
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

Weighted average exchange value indices, Mar. 1973=100
Belgian franc
Canadian d o l l a r
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
U.S. d o l l a r
Chart 2.

-2.28
-6.56
-4.73
-8.44
-0.02
-4.37
-1.97
-2.67

Gold Price i n London, Afternoon Fixing

U.S. d o l l a r s per f i n e ounce
Chart 4.

111.97
71.55
75.18
180.08
31.22
234.63
152.63
53.49
207.88
54.64
90.82

3-Month Forward Exchange Rates, Premium or Discount

Canadian d o l l a r
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

111.89
72.16
75.03
180.19
30.68
235.31
152.62
53.18
206.44
54.11
91.72

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom



L

SERIES
Chart 5.

7-Apr-93

3-Month I n t e r e s t Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank r a t e
German interbank r a t e
Japanese CD r a t e
Netherlands interbank r a t e
Swiss interbank r a t e
U.K. interbank s t e r l i n g
Weighted average f o r e i g n i n t e r e s t r a t e
(G-10 Countries)
Chart 6.

14-Apr-93 21-Apr-93 28-Apr-93 5-May-93

3.12
5.63
9.66
7.87
3.22
7.51
5.04
5.81
6.89

3.09
5.41
8.81
7.83
3.22
7.43
4.90
5.81
6.72

3.09
5.22
8.63
7.84
3.22
7.47
4.99
5.93
6.69

3.07
5.45
8.19
7.78
3.21
7.39
4.93
5.99
6.63

3.07
5.41
7.70
7.64
3.21
7.26
4.98
5.98
6.56

3.03
3.00
3.06
3.11
3.25
3.50

2.95
3.03
3.06
3.13
3.23
3.48

2.90
2.98
3.05
3.11
3.19
3.44

2.85
2.96
3.00
3.06
3.18
3.36

2.91
2.98
3.00
3.06
3.18
3.36

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

Selected E u r o - d o l l a r & U.S. Mone>' Market Rates

Overnight E u r o - d o l l a r deposits
U.S. federal funds
Differential

3.03
3.11
-0.08

2.95
2.93
0.02

2.90
2.91
-0.01

2.85
2.87
-0.02

2.91
2.98
-0.07

3-month E u r o - d o l l a r deposit
U.S. 90-day CD's, secondary market
Differential

3.11
3.12
-0.00

3.13
3.09
0.04

3.11
3.09
0.02

3.06
3.07
-0.01

3.06
3.07
-0.01

3.11
3.10
0.01

3.13
3.12
0.00

3.11
3.07
0.05

3.06
3.08
-0.02

3.06
2.99
0.07

3.18
3.32
-0.14

3.16
3.40
-0.24

3.14
3.33
-0.19

3.11
3.39
-0.28

3.11
3.34
-0.23

Euro-dollar deposit
Interbank DM ( F r a n k f u r t ) , covered
Differential

3.11
3.05
0.06

3.13
3.04
0.08

3.11
3.05
0.06

3.06
3.10
-0.03

3.06
3.04
0.02

Euro-dollar deposit
Swiss interbank, covered
Differential

3.11
3.05
0.07

3.13
2.98
0.15

3.11
3.00
0.11

3.06
2.96
0.10

3.06
2.96
0.10

7.61
7.15
6.70
4.42
4.66
6.71
7.68
6.10

7.45
7.01
6.57
4.49
4.62
6.54
7.67
5.93

7.33
7.02
6.57
4.37
4.63
6.52
7.80
5.87

7.45
7.06
6.66
4.38
4.67
6.58
7.92
5.95

7.52
7.12
6.79
4.52
4.77
6.72
8.07
5.97

120.01
148.65
97.70
117.90
119.49
169.09
169.33
179.61

120.96
149.02
98.59
120.44
120.25
167.60
170.62
182.11

121.90
145.30
98.46
115.89
120.68
169.37
174.06
180.16

123.50
144.95
96.23
120.44
118.30
167.28
171.33
177.83

126. 26
143. 85
95.,54
122..56
118..13
170..23
170..89
180..64

Chart 8.

I n t e r e s t A r b i t r a g e , 3-Month Funds

E u r o - d o l l a r deposit
Interbank s t e r l i n g (London), covered
Differential
U.S. commercial paper
Canadian finance paper, covered
Differential

Chart 9.

ond Y i e l d s
10-year m a t u r i t y , where a v a i l a b l e

Canada
France
Germany
Japan
Switzerland
Netherlands
United Kingdom
United States
Chart 10.

Stock Indices (Wednesday f i g u r e s )

Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom
United States




i Toronto Composite, CAC General, FAZ Aktien,

FEDERAL RESERVE statistical release
H.10(512)

May 10, 1993

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

MAY 7, 1993

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
^AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
^IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
*UNITED KINGDOM
MEMO:
^ U N I T E D STATES

MONETARY
UNIT

May. 3

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
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

0.7061
11.155
32.610
1.2675
N. A.
6.0850
1.2335
5.4650
5.3350
1.5835
215.50
7.7310
31.650
1.5374
1478.25
110.90
2.5680
1.7786
0.5409
6.7050
146.71
1.6155
3.1700
799.10
115.95
47.800
7.3350
1.4325
25.923
N. A.
1.5610

0.6982
11.055
32.320
1.2727
5.7227
6.0425
1.2420
5.4200
5.3000
1.5715
214.30
7.7292
31.600
1.5500
1465.25
110.30
2.5643
1.7654
0.5398
6.6575
145.90
1.6140
3.1575
799.90
115.20
48.160
7.3075
1.4170
25.899
25.210
1.5703

0.6992
11.113
32.500
1.2763
N. A.
6.0700
1.2377
5.4150
5.3275
1.5800
214.60
7.7292
31.600
1.5435
1466.00
110.25
2.5650
1.7745
0.5410
6.6850
146.30
1.6125
3.1625
N. A.
115.50
N.A.
7.3000
1.4175
25.910
N.A.
1.5660

0.7038
11.105
32.480
1.2707
N.A.
6.0800
1.2380
5.4080
5.3240
1.5785
214.80
7.7292
31.600
1.5435
1459.00
110.30
2.5650
1.7728
0.5451
6.6800
146.49
1.6125
3.1605
799.90
115.83
N.A.
7.2750
1.4205
25.900
25.200
1.5700

0.7083
11.135
32.570
1.2711
N.A.
6.1025
1.2355
5.4200
5.3350
1.5835
215.50
7.7292
31.600
1.5393
1458.50
110.35
2.5655
1.7770
0.5470
6.6900
147.20
1.6120
3.1570
800.40
116.10
N.A.
7.3050
1.4290
25.904
25.190
1.5715

89.54

89.00

89.28

89.14

89.29

DOLLAR

(CURRENCY UNITS PER DOLLAR)
hay. 4
May. 5
May. 6

May. 7

•VALUE IS U.S. DOLLARS
••INDEX 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.
SERIES REVISED AS OF AUGUST 1976.
FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD.
FOR INFORMATION, CALL (202) 482-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TOfTHIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (202) 452-3244.