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(516/517) 1 i Selected Interest & Exchange Rates Weekly Series of Charts i ,! i November 10,1986 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 to 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 2. D A I L Y CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE-LONDON 4. C A L L MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR A N D U.S. MONEY M A R K E T RATES a INTEREST A R B I T R A G E : 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. I N D U S T R I A L STOCK INDICES 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 tLE MARCH RATIO MARCH 197 1=100 73=100 200 180 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 50 45 ITALIAN LIRA 160 40 140 35 120 30 100 25 200 200 180 160 180 JAPANESE YEN GERMAN MARK 160 140 140 120 120 100 100 80 80 140 120 140 — — D U T C H CANADIAN DOLLAR GUILDER r \ J ~ 120 100 100 90 90 80 80 70 70 60 I I I I I I II I I i l l i l l ! 90 80 90 UK. POUND 80 FRENCH FRANC 70 70 y/ vv vv ^ ~ 60 50 60 50 I 40 I I 40 120 100 60 240 BELGIAN FRANC SWISS FRANC 200 90 180 80 160 70 140 60 120 50 100 1984 1986 1984 19S6 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM JAPANESE YEN CANADIAN DOLLAR 4 12 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 0 8 0 8 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c _ARS PER FINE OUNCE U.S. DOLLARS PER FINE 520 500 480 520 til 500 480 460 460 12.5 Kg BARS 440 440 AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 260 i 1983 1984 i I n I i i 1985 I i i I i i I n I i 1986 i CHART 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PERCENT PER ANNUM 20 20 16 FRANCE U. S. FEDERAL FUNDS 12 8 4 0 20 16 SWITZERLAND CANADA 12 8 4 i 0 M i 20 16 UNITED KINGDOM 12 GERMANY 8 Wvwv 4 0 NETHERLANDS I I I 1984 h 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES r PER ANNUM PERCENT PER AN 14 16 U.S. CD'S CANADIAN FINANCE CO. PAPER 12 10 14 L 8 - 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 I 4 I I I I I I IIIIIIIIII lllllllllll 6 16 14 FRENCH INTERBANK RATE ' /A U K INTERBANK STERLING 14 - 12 12 10 1 10 8 I I I I I I - lllllllllll 8 6 10 10 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE 8 8 6 6 4 2 12 - I I I I I I I I I I I II I I I I I I II I I 1 1 1 1 1 2 1 8 6 7 4 SWISS INTERBANK RATE JAPANESE GENSAKI RATE 6 6 4 5 2 4 0 1984 1986 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Al NT PER ANNUM 14 14 3-MONTH OVERNIGHT 12 12 10 10 8 8 6 6 4 4 14 14 6-MONTH 7-DAY 12 12 10 10 8 8 6 6 I I II I! II 4 III 4 14 14 1-MONTH 1-YEAR 12 12 10 10 8 8 6 6 4 4 1984 1986 1984 1986 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 16 16 14 14 FEDERAL FUNDS 3-MONTH DASHED LINE EURO-DOLLAR DEPOSITS 12 - 12 10 - 10 90-DAY CD* S OVERNIGHT EURO-DOLLAR DEPOSITS 6 - J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 M 1111 I I I I I l I I I I I l I I I I I I II I I DIFFERENTIAL 4 DIFFERENTIAL + ' J_J I 1111111111111 n 111111111 1984 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1986 i i i i i 1984 i I I I I I I I I I I I 1 0 11 1 I 1 1 1 1 1 1 1 1986 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM PERCENT PER Al> 18 14 18 CANADIAN FINANCE CO. PAPER. COVERED EURO-DOLLAR DEPOSITS DASHED LINE 14 10 10 INTERBANK STERLING 6 COVERED LONDON 6 U. S. COMMERCIAL PAPER 2 2 2 DIFFERENTIAL 2 DIFFERENTIAL + + 0 0 I IIII 2 II I IIIIIIIIII I I I I III I I I 18 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 a EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 I 2 2 I I I . I I ill m T I I I M 6 I 2 2 DIFFERENTIAL DIFFERENTIAL + + 0 0 I 2 1984 1986 I PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E I I I I 1984 I 2 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ' PER ANNUM PERCENT PER AN 16 16 UNITED STATES CANADA 14 - 14 - 12 12 10 ' \ — 8 10 8 I 6 I I I I I - 6 15 9 13 UNITED KINGDOM 7 SWITZERLAND 11 5 9 3 Mllllll 7 1 10 10 GERMANY 8 8 6 6 I 4 I I I I I 4 17 17 U. S . CORPORATE 15 MONTHLY FRANCE - Aaa BONDS 13 13 \ - 11 15 - 11 NETHERLANDS MONTHLY VA - / - 9 7 I 1984 1986 I I I I 1984 I IIIllllllII 5 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE RATIO SCALE 1969=100 1969=100 UNITED KINGDOM UNITED STATES NETHERLANDS SWITZERLAND FRANCE GERMANY 450 400 — 350 - 300 - 250 — yA - 150 — V_ J __ 200 100 A v ~~ JAPAN — - I I I I I 1984 I l l l l l l l l l l l l l l l l l l l l l l 1986 450 400 - 350 V A — 300 - y CANADA - / ' V - — / s v % - - I I I I I 1984 I l l l l l l l l l l l - 250 - 200 - 150 l l l l l l l l l l l 1986 100 SERIES NAME LAST VALUE PLOTTED DATE VALOE CHAMI 1. SPOT EXCHANGE BATES AND INDICES HEtiKLK AVERAGES, NOON bUXING BATES (U.S. CENTS) GERMAN HARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN fRANC ITALIAN LIRA SWEDISH KRONA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 5 5 5 5 5 5 5 5 5 5 48. 55 0.61157 42. 98 141.04 71.95 14.88 58.31 2. J3733 0.07022 14.21 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 5 5 5 5 5 5 5 5 5 136. 56 160. 13 123.37 57.04 71.71 67.05 187.60 92. 10 39. 89 5 5 5 5 5 5 5 5 5 5 5 109.27 157.81 183.19 13 4. 89 58. 13 75. 34 69. 22 205.24 98.69 40.08 66.59 5 5 5 5 5 5 5 5 -2.55 -5.03 1.29 -1.89 2.05 0.52 1.36 -4. 48 INDICES, MARCH 1973 BASE HATES = 100 GEEMAN HARK JAPANESE XEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, HAS 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U. K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC S U S S FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA NOV. NOV. NOV. NOV. MOV. NOV. NOV. NOV. SERIES HARK LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PEE FINE OUNCE NOV. 5 405.39 CHAHT 4. CALL HONEY BATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND » NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 5 5 5 5 5 5 5 5 5 6.02 5. 82 10.47 7.75 4.60 4.19 7. 26 5. 23 1.00 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. MOV. 5 5 5 5 5 5 5 5 5 5.64 4.61 4.52 8.45 11.03 3.90 7.38 5.31 6.59 MOV. MOV. NOV. NOV. MOV. NOV. 5 5 5 5 5 5 5.82 5.85 5.85 5.84 5.84 5. 94 CHAHT 5. 3-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE &G-10 COUNTRIES PLUS SWITZERLAND) CHART b. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-flONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED SUR0-D0I4.AR AND U.S. HOIST MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS O.S. FEDERAL FUNDS DIFFERENTIAL MOV. MOV. MOV. 5 5 5 5.82 6.02 -0. 19 3-80NTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL MOV. MO». NOV. 5 5 5 5.84 5.64 0.20 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. IBTEHEST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. NOV. NOV. 5 5 5 5.84 5.86 -0.02 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. NOV. NOV. 5 5 5 5.65 5.84 -0.19 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. NOV. NOV. 5 5 5 5.84 5.92 -0.08 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV. NOV. NOV. 5 5 5 5.84 5.97 -0.14 OCT. OCT. OCT. OCT. OCT. OCT. AUG. OCT. 31 31 31 17 24 24 7.39 6.05 4. 99 4. 18 9.58 9. 23 6. 03 10. 11 CHART 9. LONG TERM G0VERM2NT BOSS YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 31 U.S. CORPORATE AAA BOMDS ( CHART 10. JOMB 9.13 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SUTHERLAND NETHERLANDS FRANCE JAPAN OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 29 29 29 29 29 29 29 29 246.86 278.60 298.30 277.$2 189.37 322.72 380.76 364.72 FEDERAL RESERVE statistical release '•ftALtfSV: H.10 (512) NOVEMBER 7, 1986 FOREIGN EXCHANGE RATES FOB THE MEEK ENDING NOVEMBER 7, 1986 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 MOBETARY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.&. DENMARK FINLAND FRANCE GERMANY GREECE BONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS •NEB ZEALAND NORMAY PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SMEDEN SWITZERLAND TAIMAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KROBE ESCUDO DOLLAR RAND BOB PESETA RUPEE KRONA FRA8C DOLLAR BABT POUND MEMO: #UNITED STATES DOLLAR NOV. 6 4 . 02 14. 510 42. 850 14. 09 1.3913 3. 7314 7. 7720 5. 0175 6.7370 2. 0640 140. 000 7. 8030 12. 9500 132. 18 1424. 75 164. 00 2.6230 2 . 3320 50. 450 7, 5310 151. 300 2.1995 43. 62 877, 50 138. 450 28.467 7. 0430 1.7182 36. 530 26.320 141. 13 109.44 CURRENCY OMITS PER DOU.AR) BO?, NO?. 64. 13 14. 480 42. 760 14. 09 1.3905 3. 7314 7. 7520 5. 0120 6.7170 2. 0580 139. 750 7. 8015 12.9600 132. 47 1422. 00 163, 92 2.6225 2.3245 50. 300 7. 5260 150. 800 2 . 1955 44. 00 877. 60 137, 870 28.467 7, 0270 1.7160 36. 520 26.330 141. 48 109.21 64. 2 8 14. 530 42. 840 14. 09 1. 3885 3m7314 7. 7810 5. 0120 6.7340 2.0680 140. 750 7. 8030 12.9400 132. 07 1426. 50 164. 50 2.6240 2.3320 50. 430 7. 5400 151. 050 2 . 1980 43. 90 876. 70 138. 050 28.462 7. 0380 1.7260 36. 510 26.320 142. 30 109.42 NOV. 64. 21 14. 510 42. 760 14. 09 1, 3876 3. 7314 7. 7640 5. 0020 6.7225 2.0615 140. 500 7. 8025 12. 9900 132. 40 1424. 00 163. 30 2.6250 2.3280 50. 700 7. 5220 150. 950 2 . 1950 43. 85 87b, 60 137. 600 28. 458 7. 0330 1. 7195 36. 500 26. 310 143. 10 109.07 MOV. 64 , 3 8 14 , 5 2 8 42 .880 14, , 0 9 1 »3885 3 7314 7 7760 4,, 9 9 o 0 6 ,7375 2,, 0 6 5 5 140,, 4 0 0 7 8020 13 132 1427 1*3 ,0100 12 75 20 2, , 6 2 4 5 2. 3 3 3 0 51 ,180 7 ,5350 151 150 2, , 1 9 3 0 44 , 0 5 876 ,00 137 , 9 5 0 28. , 4 8 0 7 .0300 1 , 7200 36 , 4 9 0 26 ,290 142 , 5 8 109.26 •INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF fl.S. DOLLAR AGAINST CURRENCIES OF OTflES 5-10 COUNTRIES. MARCH 1973 = 100. BEIGBTS ARB 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION ABD BACK DATA, SEE "INDEX OF THE BEIGHTED-AVERAGE EXCHANGE VALOE OF THE U.S. DOLLAR: REVISIOB" OB PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BOLLETIB. •VALUE IS U.S. CENTS
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