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5-HHD (616/5171 52' Selected Interest &. Exchange Rates ""'lis* Weekly Series of Charts November 25, 1985 Prepared by the FINANCIAL MARKETS SECTION 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 5 : A L E MARCH 9 7 3 = 1 0 0 RATIO MARCH 197 180 160 140 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 120 100 80 120 CANADIAN DOLLAR SWISS FRANC 100 - 80 70 \l ~ 60 50 160 I I I I I I GERMAN MARK 140 DUTCH GUILDER 120 100 80 70 100 FRENCH FRANC U.K. POUND 80 70 60 50 I 40 I I 120 100 BELGIAN FRANC ITALIAN LIRA 80 70 60 50 1983 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 CANADIAN DOLLAR A - ITALIAN LIRA - - - 24 — — - A I 6 I U. K. POUND I I I 12 - I - - DUTCH GUILDER I I I I I I I I I I I I I I I i l l m i l 111 12 0 12 — iGERMAN MARK I I — I SWISS FRANC I I - I FRENCH FRANC JAPANESE YEN 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 560 560 520 520 480 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 440 400 400 360 360 320 320 280 280 240 240 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 24 20 - U. S. FEDERAL FUNDS FRANCE r x - 16 12 - - _ JAPAN 1 1 I i I I I , | I I | I I | I I i l l ii h i l i i 0 24 20 CANADA SWITZERLAND 16 L - 12 - I I I I I I 20 - - 16 - - 12 — 8 GERMANY - V 4 NETHERLANDS I 1983 1985 I I I I 1983 I I I I I I I I I I I I 11111111111 1985 0 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER Ah 16 18 14 16 CANADIAN FINANCE CO. PAPER U.S. CD'S 12 14 10 12 8 \J WEIGHTED AVERAGE FOREIGN RATE -10 V\ 6 8 16 12 U.K. INTERBANK STERLING 14 GERMAN INTERBANK RATE -A — 12 8 10 - 8 I I I I I I 6 4 17 15 10 11 V FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE 1 A/M __ 13 9 7 11 - i 9 i i 1 1 5 3 1 8 10 JAPANESE GENSAKIRATE A SWISS INTERBANK RATE - 8 7 6 6 *•- M I N I 5 1983 1985 1983 1 4 2 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah [NT PER ANNUM 24 - - 20 16 3-MONTH OVERNIGHT - 12 8 - I 4 I I 24 - - — — 20 16 6-MONTH 7-DAY 12 8 I 4 I I I I I iiluliilii 24 20 16 1-YEAR 1-MONTH 12 8 I I II 4 1983 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 20 PERCENT PER ANNUM 20 I " 18 16 14 3-MONTH FEDERAL FUNDS E U R O - D O L L A R DEPOSITS DASHED LINE 12 10 8 90-DAY CD' S OVERNIGHT E U R O - D O L L A R DEPOSITS 6 4 3 DIFFERENTIAL DIFFERENTIAL 2 1 + 0 1 1 2 1983 1 P E R C E N T O N D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON R A T E S C A L E 1985 1983 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANI IT PER ANNUM 22 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 DASHED LINE 10 INTERBANK STERLING 6 COVERED LONDON U. S. COMMERCIAL PAPER I 2 4 2 DIFFERENTIAL DIFFERENTIAL + 0 111 2 22 18 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS 6 EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL 0 2 1983 1985 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON R A T E S C A L E 1983 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER AL 19 19 UNITED STATES CANADA 15 - 11 15 11 — 7 I I IIlllllI II I I I IIIIIIIIII 7 15 9 UNITED KINGDOM SWITZERLAND - 11 5 - 7 13 1 13 MONTHLY GERMANY - JAPAN - 9 9 I 5 I I 5 22 22 U. S. CORPORATE MONTHLY 18 18 FRANCE Aaa BONDS - - 14 14 — — NETHERLANDS MONTHLY 10 - - Z-x I 6 1983 1985 I I I I I 1983 10 I 6 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO S C A L E 1969=100 260 220 - UNITED STATES - UNITED KINGDOM 180 140 J - tW - ^ - - 100 300 — 260 - - 220 - - 180 140 100 NETHERLANDS A y V r - A A / - - - Y - GERMANY 80 i 260 — 220 - 180 - i 11111111111 i — ' FRANCE 140 f\J - \J — — 100 SWITZERLAND - 80 CANADA 160 120 1983 1985 1983 1985 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHABT 1. SPOT EXCHANGE BATES AMD INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GBBHAN MASK 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. 20 20 20 20 20 20 20 20 20 20 38.27 0.49138 34.00 142.86 72.62 12.56 46.70 1.89360 0.05662 12.. 74 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 20 20 20 20 20 20 20 20 20 107. 66 128. 66 97.62 57. 78 72.38 56. 59 150.25 74. 62 32. 17 20 20 20 20 20 20 20 20 20 20 20 128.71 138.52 165.64 120.52 67. 97 87. 44 66. 15 186. 49 90.57 36. 52 67. 93 INDICES, MARCH 1973 BASE RATES = 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 FLOS SWITZERLAND) D. 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. 20 20 20 20 20 20 20 20 -0. 42 -3. 27 2.10 -0. 62 2.53 1.36 — 0.01 -3.45 SERIES SAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE NOV. 20 324.84 CHART 4. CALL HONEY RATES NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 20 20 20 20 20 20 20 20 20 8. 13 8.07 11.27 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 20 20 20 20 20 20 20 20 20 7.84 4. 79 7.34 8.90 11.44 4.07 8.93 5.86 7.79 NOV. NOV. NOV. NOW. NOV. NOV. 20 20 20 20 20 20 8.07 8.09 8.04 8.03 8. 03 8. 19 OVERSIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL NOV. 20 NOV. 20 NOV. 20 8. 07 8. 13 3-MONTH EURO-DOLLAR DEPOSIT RATE 0.5. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL NOV. 20 NOV. 20 NOV. 20 8.03 7.84 0. 19 U.S. FEDERAL FUNDS OVERNIGHT EDRO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND 8.60 4.51 7.25 8. 93 5.43 1-00 CHART 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 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 0. 06 SERIES NAME LAST 7ALOE PLOTTED DATE fALOE CHART 8- INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. 20 NOV. 20 NOV. 20 8.03 8.07 -0.04 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. 20 NOV. 20 NOV. 20 7.78 8.47 -0.78 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT) , COVERED DIFFERENTIAL NOV. 20 NOV. 20 NOV. 20 8.03 6.91 1.12 EURO-DOLLAR DEPOSIT S8ISS INTERBANK, COVERED DIFFERENTIAL NOV. 20 NOV. 20 NOV. 20 8.03 6.63 1.39 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM NOV. NOV. JAN. OCT. OCT. SEPT. JULY NOV. 15 15 25 25 13 15 9.82 6.57 6.29 4.67 10.79 12.03 7.23 10.00 U.S. CORPORATE AAA BONDS CHART 10. 11.02 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN OCT. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 13 13 13 13 13 13 13 13 202.02 239.38 274.60 253-50 175.20 252.82 232.44 265.21 FEDERAL RESERVE statistical release H.10 (512) NOVEMBER 22, 1985 FOREIGN EXCHANGE RATES FOB THE KEEK ENDING HOVEHBEK 22, 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 MONETARY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA, P.R. DENHARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •MEN ZEALAND NORNAX PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAINAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC Dm MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND SON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR NOV. 18 (CURRENCY UNITS PER DOLLAR NOV. 19 NOV. 20 67.35 18.380 52.850 8915.00 1.3764 3.1920 9.4550 5.6125 7.9690 2.6145 154.250 7.8060 12.1800 118.35 1768.00 203.45 2.4395 NA 2.9425 55.450 7.8475 164.000 2.1160 37.10 893.90 160.800 27.436 7.8500 2.1420 39.970 26.390 142.55 67.70 18.260 52.480 8960.00 1.3756 3.2095 9.3800 5.5725 7.9190 2.5987 153.300 7.8035 12.1200 118.95 1756.00 203.00 2.4360 NA 2.9235 55.750 7.8200 163.000 2.1130 37.10 893.50 159.900 27.467 7*8125 2.1280 39.960 26.320 143.45 67. 87 18.360 52.800 9005.00 1.3778 3.2095 9.4350 5.5940 7.9600 2.6125 153.800 7.8050 12.1300 118.35 1764.00 203.45 2.4390 NA 2.9390 56.250 7.8540 163.600 2.1115 37.10 893.10 160.550 27.456 7.8500 2.1420 NA 26.280 143.40 128.79 128.12 128.62 NOV. 21 NOV. 22 68.22 18.230 52.390 9050.00 1.3769 3.2095 9.3680 5.5675 7.9095 2.5940 152.800 7.8035 12.0700 119.25 1752.50 202.10 2.4345 NA 2.9190 57.550 7.7810 162.750 2.1070 37.25 893.20 159.580 27.436 7.8870 2.1215 NA 26.250 144.15 68.83 18.120 52.150 9095.00 1.3758 3.2095 9.3680 5.5385 7.8540 2.5780 152.500 7.8075 12.0800 120.10 1738.75 201.35 2.4225 NA 2.9025 57.200 7.7435 163.250 2.0850 37.35 892.80 158.650 27.436 7.7515 2.1075 39.930 26.120 145.50 127.89 127.09 flNDBX Of WEIGHTED AVERAGE EXCHANGE VALUE OF 0.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. HARCH 1973 = 100. HEIGHTS ARB 1972-76 GLOBAL TRADE OF EACH Of THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST 1978. FOB 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. •VALUE IS U.S. CENTS
@FedFRASER