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(516/517) m " * » 0 F H « < Chicago V B A I t L I B R A R * Y NOV 1 8 meg* Selected Interest & Exchange Rates Weekly Series of Charts November 12, 1985 Prepared by the FINANCIAL MARKETS SECTION 1985 DIVISION OF INTERNATIONAL FINANCE 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 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 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 CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1973=100 180 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN - 160 pS — 140 - rJ- 100 - " i l l — 120 I I I I | I I | I II I In | IlIu l l " I ' CANADIAN DOLLAR SWISS FRANC S v 200 | A [ - - \ l I I I I I 80 240 — - 160 - 140 120 ~ I 100 160 GERMAN MARK — DUTCH GUILDER — 140 120 — A I # I I i i i — uiii i u i u 100 U.K. POUND FRENCH FRANC ~ ~ — yvw.- 70 60 50 ^ - — 80 - 70 60 — \A — I 40 I I Jy — ( — 1 1 1 I I — 50 40 I 60 120 BELGIAN FRANC 100 - 70 - 60 - - r \ i I I I I I 1983 I - ITALIAN LIRA - 50 — — 40 - - 35 - 80 50 80 70 100 80 e 100 - — - A AA/ - | || iiiiiiiiiii 1985 1983 30 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 ITALIAN LIRA - i - A U. K. POUND - ^ - \ - I I I I I I I I I I I DUTCH GUILDER r ^ ~ GERMAN MARK - / 1 \ SWISS FRANC - - - I I 0 I 16 FRENCH FRANC 12 JAPANESE YEN 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c LLARS PER F,NE OUNCE U.S. DOLLARS PER FINE 600 560 520 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 400 360 320 280 240 I I I I I I I I I I 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 24 FRANCE U. S. FEDERAL FUNDS JAPAN 20 SWITZERLAND - CANADA 1 - 16 12 4 - - 1 1 1 i i i I I | I I | I I | I I 4 20 16 - GERMANY WV y , JL - j NETHERLANDS 1 1983 1985 1 1 l I 1983 i I I I I I I I 11111111111 I I I I 1985 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 16 18 14 16 12 CANADIAN FINANCE CO. PAPER U.S. CD'S 14 10 8 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 16 12 14 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 10 12 8 10 6 8 4 17 11 15 FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE 1 A/M 9 13 7 11 - 1 9 1 1 1 1 1 5 3 8 10 JAPANESE GENSAKI RATE 4 SWISS INTERBANK RATE — 7 8 6 6 - 5 i 1983 1985 n f i l 2 l 1983 4 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 - - - - 20 20 — 3-MONTH 16 16 - OVERNIGHT - 12 12 I I I I I I I 11 III hill i 11111111111 I I 4 24 - - 20 7-DAY 6-MONTH - 16 V - 12 1-MONTH 1983 1-YEAR 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 PERCENT PER ANNUM 20 20 18 18 16 16 14 14 3-MONTH FEDERAL FUNDS E U R O - D O L L A R DEPOSITS DASHED LINE 12 12 10 10 ~V\/ V 90-DAY CD* S OVERNIGHT E U R O - D O L L A R DE PO S I T S J I I I I 1111111111111111111111 n I I I I I I I I III II II I I I I I4 I I 3 DIFFERENTIAL DIFFERENTIAL — - A//A/\^Va-V1A/^ u I I I I I I 11111111111 I I I I I I I I I I II 1983 1 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 1985 I I I I 1983 I I I I I I I I I III II II 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 :NT PER ANNUM PERCENT PER Ah 22 18 14 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS i DASHED LINE 10 INTERBANK STERLING 6 2 COVERED LONDON I I I I I U. S. COMMERCIAL PAPER I 4 DIFFERENTIAL DIFFERENTIAL 2 + 0 i 2 i 1 1 1 i 22 18 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS 6 EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE I 2 I I I I I 2 DIFFERENTIAL DIFFERENTIAL + 0 2 / V m i I I 1983 WAW , w - v A / V v V " I 1985 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 1983 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERC T PER ANNUM PERCENT PER AN W M 19 19 UNITED STATES 15 CANADA -Vvy | - 11 15 11 - I 7 I I 7 15 9 UNITED KINGDOM SWITZERLAND — — 11 5 I 7 13 I I I I I III III III I I I illllllllI 1 13 MONTHLY GERMANY - JAPAN 9 9 I 5 I I I I 5 I 22 22 U. S. CORPORATE MONTHLY 18 18 - FRANCE Aaa BONDS - 14 14 VsZ> — NETHERLANDS Vu/w — MONTHLY 10 - - z-X 6 l I I I 1983 1985 I I I I I 1983 10 - 6 I 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 260 260 220 ~ - UNITED STATES 260 — 220 - /A/v - I i I I 220 [J - — 180 140 A j r i iiliilnlii v y | | 100 - 180 NETHERLANDS 140 - 100 - y w i r 100 — UNITED KINGDOM 180 140 - /V — A V V f — FRANCE - A/\Z - - Y 80 I 260 — 220 - I I I I I —| /- 180 - J* GERMANY 140 - A y O w — 100 i 80 i i I I I Ill II lull I ill ill nil i — — 280 - - 320 240 SWITZERLAND - / r - JAPAN 200 - M - J r * V - — 160 - 120 CANADA — 160 - I I 1983 I llhlllllll llhlllllll 1985 I l I I I 1983 I 120 1985 SERIES NASE LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE HATES AMD INDICES MEEKLY AVERAGES, NOON BUYING RATES (U, S. CEBITS) 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. 6 6 6 6 6 6 6 6 6 6 38.37 0.48003 34.01 143.80 72.95 12. 59 4 b. 64 1.89612 0.05683 12.75 NOV, NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 6 6 6 6 6 6 6 6 6 107. 93 125. 69 97. 65 58. 16 72..71 56. 73 150. 06 74. 72 32. 28 6 6 6 6 6 6 6 6 6 6 6 128. 80 139. 03 161. 46 120. 63 68. 50 87. 92 66. 38 186. 36 90..74 36. 69 68. 04 INDICES, flARCH 1973 BASE BATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND) 0. 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. CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM 08 DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 6 6 6 6 6 6 6 6 -0.53 -3.40 3. 25 -1.55 3.84 1.90 0.44 - 5. 40 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PEE FINE OUNCE NOV. 6 324. 59 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 6 6 6 6 6 6 6 6 6 8.30 8.21 11.51 8.60 4. 43 7. 08 9. 14 6o 13 1.00 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 6 6 6 6 6 6 6 6 7.81 4.90 7.11 8.66 11.54 4. 32 9. 18 6.05 7.90 6 6 6 6 6 6 8.21 7.98 7.96 8.00 8.03 8.25 4. CALL HONEY BATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND '. 3-MONTH INTEREST SATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPEB INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK BATE NETHERLANDS INTERBANK R A T E WEIGHTED AVERAGE FOREIGN INTEREST RATE (G-10 COUNTRIES PLCS SWITZERLAND) 6 CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3—MONTH 6-MONTH 1-YEAR NOV. NOV. NOV. NOV. NOV. NOV. CHART 7 . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL NOV. NOV. NOV. 6 6 6 8.21 8.30 - 0 . 09 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAI CD'S, SECONDARY MARKET DIFFERENTIAL NOV. NOV. NOV. 6 6 6 8.00 7.81 0. 19 SEBIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8, INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON) , COVERED DIFFERENTIAL NOV. NOV. NOV. 6 6 6 8. 00 8. 04 ~0. 04 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. NOV. NOV. 6 6 6 7. 76 8. 12 - 0 . 36 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), COVERED DIFFERENTIAL NOV. NOV. NOV. 6 6 6 8* 00 8. 19 — 0. 19 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV. NOV. NOV. 6 6 6 8. 00 8. 21 - 0 . 20 NOV. 1 NOV. 1 JAN. OCT. 11 OCT. 25 SEPT. 13 JULY NOV. 1 10.07 6.61 6.29 4.68 10.79 12.03 7.23 9.89 CHART 9. LONG TERM GOVEKHENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. CORPORATE AAA BONDS CHART 10. 11.02 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 30 30 30 30 30 30 30 30 195.08 234.65 264.37 254.20 169.80 245.38 220.77 271.35 M lot COWV. FEDERAL RESERVE statistical release H.10 (512) NOVEMBER tt, 1985 FOREIGN EXCHANGE RATES FOE THE WEEK ENDING MO?EMBER 8, 1985 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 MONETABY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHI MA, P. B. DENMABK FIMLAMD FRANCE GERMANY GBBECE HOMG KONG IMDIA •IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NBN ZEALAND NORWAY PORTUGAL SIMGAPOBB •SOUTH AFRICA SOUTH KOREA SP AIM SRI LAMKA SWEDE* SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPifc POUND LIRA YEN RINGGIT PESO GUILDEB DOLLAR KRONE ESCUDO DOLLAR RAND EON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMOS #UMITED STATES DOLLAR NOV, 6 8 .30 18 .256 52 8625 .620 .00 1 .3695 3 .2095 9,.4240 5,.5800 7 .9175 2 .5975 152 .800 .8020 12 .0600 119 .08 1755 .00 7 207 .90 2 .4550 494 .0000 2 .9295 58 .250 7 .8420 162 .400 2 .1170 33,.80 893 .90 159 .600 27 4*7 7 .9290 2 .1390 40,.100 26 .320 144 .05 128.47 (CURRENCY UNI TS PES DOLLAR So?; s HOT* 66 >83 18 ,385 52..630 8655 .00 1 ,3745 3.,2095 9,,4775 5 .6125 7 ,9700 2 .6138 153 ,600 7 .8040 12 ,0600 118,,30 1766 .00 208..00 2, .4475 498..0000 2. ,9485 57 .250 7,,8550 162..500 2..1175 38..50 893,.60 160..480 27,.447 7..8375 2..1520 40, 060 2 6 330 143 .25 129.07 MO?. 66. 15 18.275 52.560 8685.00 1.3763 3.2095 9.4125 5.5800 7.9235 66.45 18.380 53.000 8715.00 1.3747 3.2095 9.4975 5.6125 153.400 7.8050 152.900 7.8070 2.6000 12.0800 119.10 1755.00 205.25 2.4275 NA 2.9330 58.600 7.8350 163.000 2.1155 38.50 894.10 160.100 27.447 7.8150 2.1415 40.060 27.000 143.53 128. 40 8.0000 2.6280 12.0800 118.28 1768.00 205.60 2.4275 NA 2.9580 58.550 7.8775 163.000 2.1090 38.10 893.80 161.000 27.443 7.8675 2.1600 40.020 26.160 141.65 129.39 MO?. 8 67.30 18.440 53.080 8745.00 1.3769 3.2095 9.4900 5.6275 7.9950 2.6235 154.750 7.8090 12.1900 117.85 1769.00 205.85 2.4375 NA 2.9580 58.500 7.9050 163.900 2.1185 36.75 893.50 161.150 27.486 7.8950 2. 1575 NA 26.410 141.67 129.40 IINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHEB G-10 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARB 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNT BIBS. SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE MBIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAB: REVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. •VALUE IS U.S. CENTS
@FedFRASER