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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts November 17,1986 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL* RESERVE SYSTEM Washington, D C. 20551 i Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $ 1 5 . 0 0 per year or $ . 4 0 each in the United 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE States, its possessions, Canada, and Mexico; 10 or m o r e of t h e same issue t o one address, $ 1 3 . 5 0 per year or $ . 3 5 each. Elsewhere, $ 2 0 . 0 0 per year or $.50 each. Address requests t o Publications Services, Divi- 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 sion of A d m i n i s t r a t i v e Services, and make payment remittance payable t o the order of t h e Board of Governors of the Federal Reserve System in a f o r m collectible at par in U.S. C u r r e n c y . 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 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA 200 180 - - JAPANESE YEN GERMAN MARK 160 140 / 120 y/v — 100 80 w - - I I I I I I I I M i i l u l i i I IIIIIIIIII DUTCH GUILDER CANADIAN DOLLAR U.K. POUND FRENCH FRANC BELGIAN FRANC SWISS FRANC 1984 1986 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 4 J - JAPANESE YEN CANADIAN DOLLAR + 0 4 8 4 12 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 0 8 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC U.S. DOLLARS PER FINE 0 .ARS PER FINE OUNCE 520 520 500 480 t 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 I 260 1983 1984 I I I I I 1985 I I I I I I I I I M I 1986 M I I I 260 CHART 4 CALL MONEY RATES WEEKLY SERIES PER [NT PER ANNUM PERCENT PER M 20 20 16 16 FRANCE U. S. FEDERAL FUNDS 12 12 8 8 4 4 0 0 20 20 16 SWITZERLAND 16 CANADA 12 12 8 8 111 4 0 4 0 20 16 20 16 UNITED KINGDOM 12 12 GERMANY 8 8 VVVVS/V 4 4 NETHERLANDS 0 0 1984 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES [NT PER ANNUM PERCENT PER Ah 16 14 U. S. CD S CANADIAN FINANCE CO. PAPER 12 14 • 10 8 k - — 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 4 I I I l l l 6 16 14 FRENCH INTERBANK RATE U.K. INTERBANK STERLING - 14 v ^ - 12 10 12 10 1 i 8 i i I I - 8 6 I 10 10 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE 8 8 6 6 4 4 2 2 8 8 7 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 INT PER ANNUM PERCENT PER Af 14 14 OVERNIGHT 3-MONTH 12 12 10 10 8 8 6 6 4 4 14 14 7-DAY 6-MONTH 12 12 10 10 8 8 6 6 4 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 E U R O - D O L L A R DEPOSITS 12 12 10 10 90-DAY CD S OVERNIGHT E U R O - D O L L A R DEPOSITS I I I I I I 111111111111111111111111 I I I I I I I I I I I I I I I I I I I I 4 2 DIFFERENTIAL DIFFERENTIAL - - + 0 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 1984 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1986 I I I I I 1984 I I I I I I I I I I I I I I I I I I I I I I I 1986 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PERCENT PER Ah NT PER ANNUM 18 18 14 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 2 DIFFERENTIAL DIFFERENTIAL + 0 0 I I I I I I I I I II 2 2 I I I 18 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 6 2 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE I I I 6 DASHED LINE I 2 2 DIFFERENTIAL 2 DIFFERENTIAL + + 0 0 2 III I I 1984 1986 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E 1984 2 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES :NT PER ANNUM PERCENT PER M 16 16 UNITED STATES CANADA 14 - - 14 12 12 10 10 8 - 6 I I 8 6 I 15 9 13 UNITED KINGDOM 7 SWITZERLAND 11 5 9 3 I 7 l l l l ll II I II I I 1 10 10 GERMANY JAPAN 8 - 8 6 6 4 I I I I I I I I I I I I I I I I I ll I I I I I ii III h i l l i 4 17 17 U. S. CORPORATE 15 MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 9 7 7 5 5 1984 1986 1984 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 450 400 — 350 - 300 250 UNITED KINGDOM UNITED STATES 200 150 100 I I I I I I I I I I I I I I I I I , , l u l l , h , 450 400 350 300 250 - INETHERLANDS SWITZERLAND 200 150 100 A i i ill ii h i l i i I I I I I I I I I I I FRANCE GERMANY - - 450 400 350 CANADA 300 yv 250 200 - I 1984 1986 I I I I 1984 150 100 I 1986 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHABT 1 . SPOT EXCHANGE BATES AMD I N D I C E S WEEKLY AVERAGES, HO OH BUYING RATES ( U . S . CENTS) GERMAN MARK JAPANESE I E N DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC S 1 I S S FRANC BELGIAN FRANC ITALIAN L I R A SWEDISH KRONA INDICES, MARCH 1 9 7 3 BASE RATES = :GHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 2 . 12 12 12 12 12 12 12 12 12 12 48.81 0.61544 43.21 142.97 72.07 14.94 58. $7 2.35086 0.07057 14.28 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 12 12 12 12 12 12 12 12 12 137.31 161.14 124.05 57.83 71.84 67.34 188.76 9 2 . 64 4 0 . 09 NOV. 1 2 NOV. 1 2 NOV. 1 2 NOV. 12 NOV. 1 2 NOV. 12 NOV. 1 2 NOV. 1 2 NOV. 12 NOV. 12 NOV. 12 108.61 157.94 183.51 134.99 58.70 75.10 69.19 2 0 5 . 54 98.80 40.09 66.60 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA 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. MAR 1 9 7 3 = 100 J-MONTH FORWARD EXCHANGE BATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR O . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 12 12 12 12 12 12 12 12 -2.49 -1.92 1.34 -1.91 2.16 0.61 1.53 -4.39 LAST TALOE PLOTTED DATE VALUE SBBIBS BIBS CHABT 3 . GOLD P R I C E I I 0. § . CHABT 4 . LONDON, AFTERNOON F I X I N G DOLLABS P E S E I N B OONCB NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 12 12 12 12 12 12 12 12 12 5.98 5.89 10.95 7 . 82 4.46 3.88 7.47 5.30 1.00 NOV. MOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 12 12 12 12 12 12 12 12 12 5.78 4.65 4.37 8.45 10-98 3.88 7.55 5.38 6.60 NOV. NOV. NOV. NOV. NOV. NOV. 12 12 12 12 12 12 5.89 5.89 5.98 5.96 5.96 6.09 EOBO-DOLLAB DEPOSIT BATES: LONDON OVERNIGHT 7-DAI 1-HONTH 3-MONTH 6-MO NTH 1-IEAB CHART 7 . 408.10 3-MONTH I N T E R E S T BATES U . S . 9 0 - D A I C D ' S * SECONDARI HABKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPEB INTEBBANK STERLING SWISS INTEBBANK LOAN FRENCH INTEBBANK BATE NBIHBBLANDS INTEBBANK RATE BEIGHTED AVERAGE FOBBIGH INTEREST BATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 12 CALL HOME! BATES U . S . FBDEBAL PONDS OVERNIGHT BUBO-DOLLAB D E P O S I T S O.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHABT 5 . HO?. SELECTED EURO-DOLLAR AND U . S . HONEY MARKET RATES OVERNIGHT BURO-DOLLAB DEPOSITS U . S . FEDERAL FUNDS DIFFEBENTIAL NOV. NOV. NOV. 12 12 12 5.89 5.98 -0.09 3-MONTH BUBO-DOLLAR DEPOSIT BATE U . S . 9 0 - D A I C D ' S , SECONDARY MARKET DIFFERENTIAL NOV. NOV. NOV. 12 12 12 5.96 5.78 0 . 18 SERIES NAHB LAST 7ALOE PLOTTED DATE VALUE CHART 8 . INTEREST ABBXTBAGB, 3-MONTH FUNDS EUBO-DOLLAB DEPOSIT INTEBBANK STERLING (LONDON), COYEHED DIFFERENTIAL NOT. 12 NOV. 12 NOV. 12 5.96 5.92 0.05 U . S . COMBEBCIAL PAPER CANADIAN FINANCE PAPEB, COVERED DIFFERENTIAL NOV. 12 NOV. 12 NOV. 12 5.75 5.91 -0.16 EUBO-DOLLAB DEPOSIT INTBBBANK DM (FBANKFUBT), COVEBED DIFFERENTIAL NOV. 12 NOV. 12 NOV. 12 5.96 6.00 -0.04 EURO-DOLLAR DEPOSIT S S I S S INTERBANK, COVERED DIFFERENTIAL NOV. 12 NOV. 12 NOV. 12 5.96 6.06 -0.10 NOV. 7 7 NOV. NOV. 7 OCT. 3 1 OCT. 2 4 NOV. 7 AUG. NOV. 7 7.31 6 . 05 4.83 4.17 9 . 58 8.97 6.03 1 0 . 13 CHART 9 . LONG TEBH GOVERHBNT BOND YIELDS UNITED STATES GBBflANI JAPAN (MONTHLY) S8ITZEBLAHD CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U . S . COBPOBATE AAA BONDS CHART 1 0 . 9 . 13 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JUNE NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 5 5 5 5 5 5 5 5 253.34 284.99 3 0 3 . 14 285.87 191.92 331.73 378.65 368.87 •ea FEDERAL RESERVE statistical release H.10 (512) NOVEMBER 1 4 # 1986 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 1 4 , 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 MONETARY OMIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CAMADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA NETHERLANDS • NEW ZEALAND NORMA* PORTUGAL SINGAPORE •SOOTH AFRICA SOOTH KOfiEA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAJt SCHILLING FRANC CRUZADO DOLLAR YUAN KRONE MARKKA FRANC D . MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE ESCODO DOLLAR RAND WON PESETA RUPEE KSONA FRANC DOLLAR BAHT POUND MEMO: #UNITED STATES DOLLAR (CflfiKEMCT MOV. 10 NOV. 11 6 4 . 60 14. 400 42. 460 14. 09 1. 3 8 7 9 3. 7314 7. 7130 4. 9 6 7 0 6. 6 9 1 0 2. 0 4 6 0 1 3 9 . 600 7. 8010 1 3 . 0100 1 3 3 . 40 1 4 1 5 . 00 162. 8 5 PER MO?. DOLLAR 12 64,51 14.255 42.060 14.09 1.3858 3.7314 7.6400 4.9325 6.6160 2.0225 138. 400 7.8020 13.0900 134.65 1402.00 160.62 2. 6160 2. 3 1 1 5 5 1 . 700 7. 5000 149. 750 2. 1 8 9 0 4 4 . 10 875. 50 136. 760 28. 4 5 5 6. 9 9 0 0 1. 6 9 9 0 3 6 . 500 270 143. 54 26. 108.51 OBITS 0.25 MOV. 13 64. 14. 41. 14. 50 179 820 09 1. 3 8 4 4 3. .7314 7. 5 9 8 0 4. 9 3 0 0 6. 5 8 6 0 2. 0110 138. 7. 13. 135. 1392. 650 7995 1300 35 00 160. 9 0 2. 6 1 7 0 2. 2 7 1 0 MOV. 14 64. 53 14, 115 41. 700 14. 09 1. 3 8 4 3 3. 7 3 1 4 7. 5 9 3 0 4. 9 2 0 0 6. 5 5 7 5 2. 0 0 2 5 138. 300 7. 8 0 0 5 1 3 . 1000 135. 9 5 1 3 8 9 . 00 161. 4 5 2. 6 1 5 5 2.6140 2.2850 51.800 7.4800 149.200 2.1890 44.25 872.90 135.940 28. 460 6.9525 1.6795 36.460 26.250 142.65 51. 650 7. 5 0 5 0 149. 300 2. 1 9 0 5 44. 45 871. 50 135. 850 28. 4 b 0 6. 9 3 7 5 1. 6 6 9 0 36. 450 142. 45 51. 650 7. 4 8 ^ 5 148. 350 2. 1 9 4 0 4 5 . 00 8 7 1 . 60 1 3 4 . 800 28. 4 6 2 6. 9 2 5 0 1. 6 6 1 5 3 6 . 440 26. 2 3 0 143. 03 107. 63 107.27 107.01 26. 2 1 0 2. 2620 #IWUEA UF WEIGHTED AVERAGE EXCHANGE VALUE OF 0 . 5 . D O L L A R AGAINST CURRENCIES OF OTHER G - 1 0 COUNTRIES. MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. S E R I E S REVISED AS OF AUGUST 1 9 7 8 . FOB DESCRIPTION AND BACK DATA, SEE " I # D E X OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: R E V I S I O N * ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE BULLETIN. •VALUE I S U . S . CENTS
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