Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : May 30, 1995

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(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

May 30,1995

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

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

100

RATIO SCALE
MARCH 1973=100
150

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

BELGIAN FRANC
130

110

300

260

390

JAPANESE YEN

SWISS FRANC

330
270

220

210

180
100

150
105

CANADIAN DOLLAR
U.K. POUND

195

175

215

GERMAN MARK

DUTCH GUILDER

195

155

175

135




155

ITALIAN LIRA

FRENCH FRANC

1993

1995

1993

1995
15

CHART 2

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

PERCENT PER ANNUM

U.K. POUND

GERMAN MARK

8

8
2

JAPANESE YEN

CANADIAN DOLLAR
+

0

2

4

2

6
4

SWISS FRANC

DUTCH GUILDER

FRENCH FRANC

ITALIAN LIRA

2
+

0

2
4

6
2
+

0

2
4

6
8
10

12




18
1993

1995

1992

1994

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
420

U.S. DOLLARS PER FINE OUNCE
420

12.5 Kg BARS
AFTERNOON FIXING PRICE
400

400

380 - —

380

360 —

360

340 —

340

320

J

1
1991




1

1

1

I
1992

I

I

'

'
1993

'

I
1994

1995

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

SWITZERLAND
U.S. FEDERAL FUNDS

JAPAN

0

2
10

—

9

8
NETHERLANDS
6
GERMANY
4

2
16

14

9

FRANCE

12

CANADA

10

8
6
4

UNITED KINGDOM

2




1993

1995

1993

1995

3

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
9

PERCENT PER ANNUM
10

WEIGHTED AVERAGE
FOREIGN RATE

U.S. CD'S

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

I

i

i

NETHERLANDS INTERBANK RATE
10
U.K. INTERBANK STERLING




FRENCH INTERBANK RATE

JAPANESE CD RATE

GERMAN INTERBANK RATE

SWISS INTERBANK

1993

1995

1993

1995

i

3
11

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNES DAY
iCENT PER ANNUM

8

OVERNIGHT

3-MONTH

6

4

2
8

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

7-DAY

I

I

I

I

' I

6-MONTH

6

4

2
8

» I

'

I

I

'

'

»

1

1

I

I

'

1

1

•

i

i

I

i

i

i

I

'

i

I

I

I

1-YEAR

1-MONTH
6

4

2

I

I




I

I

I
1993

I

I

I

I

I

I

I

I
1995

I

I

I

I

I

I

I
1993

I

I

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

7

7

6 !—




3-MONTH
OVERNIGHT
EURO-DOLLAR DEPOSITS

/A i

EURO-DOLLAR DEPOSITS

90-DAY CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE

J

I

I

I

I

I

I

I

I

I

1 I

I

I

L

J

i

I

I

i

I

DIFFERENTIAL

J

I

I

I

L_l
1993

I

I

i

I

i

i

i

I

i

I

I

I

I

i

i

I

I

DIFFERENTIAL

I

I

I

I

I
1995

L

J—I—I—I

I

I
1993

I

I

I

1995

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

7

7

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING
COVERED LONDON

U.S. COMMERCIAL PAPER „ | V
DASHED

EURO-DOLLAR DEPOSITS
DASHED LINE

I

I

I

I

I

I

I

I

I

I

I

I

DIFFERENTIAL

I

I

I

I

I

I

I

I

I

I

I

I

I

'

I

I

I

I

I

I

1 < '

I

I

'

'

i

I

DIFFERENTIAL

I

I

I

I

I

I

I

I

l

l

I

I

I

I

I

INTERBANK DM
COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS
A

'

EURO-DOLLAR DEPOSITS
•X
DASHED LINE
LivX

DASHED LINE

I

I

I

I

I

I

i

I

'

1 1 I

I

I

I

I

DIFFERENTIAL




I

I '
1993

I

I

1 I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I I
1995

DIFFERENTIAL

I

l

'

'

I

'

» I
1995

I

I

I

I

I

I '
1993

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM
9

PERCENT PER ANNUM
11

UNITED KINGDOM

FRANCE

CANADA

SWITZERLAND

JAPAN

NETHERLANDS




1993

GERMANY

1995

1993

1995

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100

RATIO SCALE
1986=100

220

200

UNITED KINGDOM
—

SWITZERLAND

180

JAPAN

GERMANY

CANADA

FRANCE

NETHERLANDS

130 —

110

•

i

•

i




'

'
1993

'

i

'

•

'

i

'

i
1995

i
1993

1995

100

2 6-Apr-95 3-May-95
Chart 1.

10-May-95 17-May-95 24-May-95

Spot Exchange Rates and Indices

Noon buying rates

(U.S. cents, weekly averages)

Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Indices, March 1973 base rates
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

3.5316
73.179
20 .574
72.717
0.05844
1.20472
64.930
87 .905
161.04

3.5125
73.523
20.365
72.415
0.05973
1.19535
64.651
87.806
161.46

3.5302
73.625
20.542
72.801
0.06126
1.19772
64.998
88.167
159.91

3.3861
73.767
19.778
69.513
0.06055
1.15586
62.171
83.301
156.63

3.3644
73.430
19.513
69.230
0.05958
1.14627
61.849
83.025
157.05

139 ,
.11
73 ,
.38
92 ,
.57
204 .
.79
.16
35 ,
313 .
.60
186..60
283 .
.65
64 .
.68

133 .43
73 .52
89 .13
195 .55
34 .75
302 ,
.64
178 ,
.48
267 .
.99
63 ,
.35

132 ,
.57
73 ,
.19
87,.93
194 ,
.75
34 .
.20
300..13
177 .
.56
267 .
.10
63 .
.52

119 .18
60 .05
76 .43
193 ,
.76
26 ,
.91
299 ,
.35
163 ,
.54
50 ,
.99
246 ,
.95
51,.59
81 .21

117
61
75
188
27
295
160
51
239
51
83

.12
.82
.35
.93
.30
.85
.19
.34
.03
.84
.84

116 .96
61 .86
74 .65
189 .17
26 .98
294 .81
160 .18
51 .23
239 .48
52 .29
84 .39

100
139 .16
72 .94
92 .71
204 .56
33 .55
315 .44
186 .40
282 .80
65 .14

138 .41
73 ,
.28
91 . 77
203 ,
.71
34 ,
.29
312 ,
.98
185 ,
.60
282 .
.48
65..30

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

119 .05
60 .21
76 .03
193 .44
26 .30
300 .01
163 .29
50 .76
246 .91
52 .37
81,.61

-1 .71
-1,. 77
1,.61
-4 .56
,
4 .85
,
1,.59
2 .69
,
-0 .57
,

-1,.58
-1,.90
1,.65
-4 .40
,
4 .91
.
1 .66
.
,
2 .79
-0 .75
.

-1..26
-1..37
1..57
-4 .14
.
.
4 .84
1 .58
.
2.
.72
-0 .66
.

-1..22
-0..98
1,.56
-3 .77
.
4 .86
,
1..62
2 .59
.
-0 .60
,

-1,.28
-1,.18
1..62
-4 .15
.
4 .89
,
1 .69
.
,
2 .75
-0,.44

390..59

388 .11

387 .
.13

383 .
.54

382,.53

,
5 .99
5 .93
,
7 .91
.
7 .64
,
4 .47
,
1,.25
4 .25
,
3 .33
.
5 .48
.

6,.05
5.
.90
.
7 .88
7 .63
,
4 .76
,
1,.26
4 .40
,
3 .39
,
5 .30
,

6..00
.94
5.
7.
.85
7.
.61
4.
.45
1..27
4.
.35
3.
.03
5.
.57

6..02
5.
.94
7.
.62
7.
.56
4.
.45
1..29
4.
.32
3.
.31
6 .38
.

5..99
5.
.94
7.
.64
7 .51
,
4 .42
.
1,.24
4 .36
,
3 .08
.
5 .90
.

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

.67
.88
.86
.30
.68
.48
.97
.87
.08
.20
.56

3-Month Forward Exchange Rates, Premium or Discount

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

119
59
76
194
25
302
163
49
247
52
81

Call Money Rates

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




26-Apr-95 3-May-95
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

6 .09
8 .02
7 .80
4 .55
1 .35
4 .55
3 .35
6 .74
5 .09

6 .09
7 .93
7 .92
4 .55
1 .34
4 .46
3 .38
6 .93
5 .08

6.02
7.58
7.44
4.50
1.33
4.46
3.27
6.75
4.94

6.03
7.44
6.96
4.50
1.34
4.44
3.39
6.60
4.88

6.02
7.52
7.10
4.47
1.34
4.39
3 .30
6.51
4.89

5 .93
5 .94
6 .00
6 .08
6 .21
6 .44

5 .90
5 .94
6 .00
6 . 11
6 .24
6 .49

5.94
5.94
5.99
6.04
6.11
6.29

5.94
5.94
5.98
6.03
6.06
6.09

5.94
5.94
5.99
6.02
6.06
6.11

5.94
6.00
-0.06

5.94
6.02
-0.08

5.94
5 .99
-0.05

6.03
6.03
0.00

6.02
6.02
-0.01

Euro-Dollar Deposit Rates

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

10-May-95 17-May-95 24-May-95

Selected Euro-dollar & U.S. Mone] r Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

5 .93
5 .99
-0 .06

5 .90
6 . 05
-0 . 15

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential

6 .08
6 .09
-0 .01

6 . 11
6 .09
0 .02

Euro-dollar deposit
Interbank sterling (London), covered
Differential

6 .08
.
6..16
-0 .08
.

6..11
6.. 16
-0 .05
.

6.04
6.08
-0.04

6.03
5.99
0.04

6.02
6.06
-0.04

U.S. commercial paper
Canadian finance paper, covered
Differential

6..08
6..28
-0.,20

6., 12
6.,32
-0.,20

6.06
6.29
-0.23

6.07
6.19
-0.13

6.05
6.21
-0.16

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

6. 08
6. 17
- 0 . 09

6 .11
6. 22
- 0 . 11

6.04
6.09
-0.05

6.03
6.08
-0.05

6.02
6.11
-0.09

6. 08
6. 06
0. 02

6. 11
6 .19
- 0 . 08

6.04
6.01
0.04

6.03
6.00
0.03

6.02
6.07
-0.06

8 .34
7 .82
7 .04
3 .53
4 .82
7 .11
8. 40
7. 04

8 . 05
7.62
6.92
3.48
4.75
7.00
8.24
6.70

8.07
7.45
6.84
3.43
4.77
6.95
8 .14
6.61

8.03
7.43
6.80
3.30
4.76
6.88
8.02
6.57

Chart 8.

Interest Arbitrage, 3-Month Funds

Euro-dollar deposit
Swiss interbank, covered
Differential
Chart 9.

10-year maturity, where available

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

6 . 04
6.02
0.02

Stock Indices

ad Yields
8. 38
7 .83
7 .08
3 .47
4 .80
7. 17
8. 36
7. 01

(Wednesday figures)

Canada
142.73
143.30
142.67
145.74
148.00
France
149.50
151.54
153.99
154.67
152.79
Germany
111.84
112.40
114.10
116.63
116.45
Japan
100.56
102.34
101 .05
99.20
96.75
Netherlands
150.79
154.04
154 .96
155.61
156.64
Switzerland
213*51
217.54
2 2 0 ..26
226.12
227.93
United Kingdom
190.06
192.63
194 .28
194.57
195.30
United
203 .*2(
205.79
T , . States
/ . o r d e r,
,
„
^ VU . / J 207.61
Z. V / .01 208.42
ZUO.ftZ 208.76
?
' debased to 1986=100) are Toronto Composite, CAC General spliced to SBF250
at 22dec93, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index
Financial Times Ordinary, NYSE Composite



FEDERAL RESERVE statistical release
H.10(512)

May 26, 1995

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

MAY 26, 1995

The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certi
for customs purposes the following noon buying rates in New York City for cable transfers payable .n foreign currencies:
MONETARY
UNIT

May. 22

"AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
"EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
"IRELAND
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
"UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

0.7181
10.129
29.640
1.3650
8.3159
5.6285
1.2828
4.4155
5.1060
1.4403
232.40
7.7365
31.407
1.6040
1676.25
87.47
2.4623
5.9200
1.6122
0.6576
6.4165
151.03
1.3945
3.6910
763.70
125.720
49.650
7.3565
1.1990
25.780
24.760
1.5750

0.7187
10.172
29.760
1.3650
8.3188
5.6540
1.2728
4.4340
5.1340
1.4465
234.31
7.7350
31.387
1.5970
1705.75
87.38
2.4620
5.9900
1.6189
0.6604
6.4450
152.07
1.3932
3.6940
764.30
126.910
49.700
7.4295
1.2045
25.830
24.750
1.5660

0.7170
10.117
29.590
1.3653
8.3222
5.6215
1.2814
4.4155
5.1100
1.4385
233.33
7.7348
31.400
1.6020
1675.75
87.15
2.4615
6.0600
1.6103
0.6588
6.4005
151.19
1.3937
3.7020
764.80
125.020
49.800
7.3765
1.2000
25.840
24.750
1.5755

0.7192
9.873
28.870
1.3695
8.3241
5.4905
1.3114
4.3180
4.9860
1.4040
227.39
7.7355
31.410
1.6325
1641.00
85.05
2.4573
6.1000
1.5717
0.6640
6.2365
147.44
1.3905
3.6840
763.30
121.780
49.800
7.2520
1.1650
25.770
24.690
1.6037

0.7190
9.697
28.350
1.3730
8.3263
5.3900
1.3348
4.2590
4.8600
1.3793
224.31
7.7350
31.400
1.6408
1640.00
82.85
2.4605
6.1700
1.5440
0.6690
6.1505
145.12
1.3903
3.6700
763.10
119.890
49.800
7.2830
1.1380
25.400
24.620
1.6040

MEMO:
"UNITED STATES

DOLLAR

84.24

84.65

84.17

82.45

81.33

COUNTRY

(CURRENCY UNITS PER DOLLAR)
May. 23
May. 24
May. 25

May. 26

•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 1978. 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.
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