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5-WO
(616/617)
"
FEMRA
i
m
m
0 L F CHICAGO
L I B R A R Y
BAN
"
APR 011985
Selected Interest &
Exchange Rates
Weekly Series of Charts
| November 26,1984 »
EB
&ets
INTERNATIONAL FINANCE
EESP"
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
a GOLD PRICE LONDON
4. CALL MONEY RATES
5. 3-MONTH INTEREST RATES
& EURO-DOLLAR DEPOSIT RATES
7. SELECTED EURO-DOLLAR AND
U.S. MONEY MARKET RATES
a INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM GOVERNMENT BOND YIELDS
10. INDUSTRIAL STOCK INDICES
SUBSCRIPTION RATES:
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.
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
RATIO SCALE
MARCH 1973=100
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
JAPANESE YEN
—
120
#
100
„
SWISS FRANC
CANADIAN DOLLAR
80
70
•
-
200
—
-
—
60
I
I
I
I
I
|||I I||||||
I
J_L
11111111111
IGERMAN MARK
DUTCH GUILDER
-
I
v__
I
I
I
I
I
I
I IIIII
I
I
I
120
100
U.K. POUND
-
70
-
60
-
50
-
-
vy
x
I
60
I
50
SAI
I
I
I
I
,, | | | | | | | | |
II I I I | | , | , ,
140
I
I
I
I
I
I
40
—
L
BELGIAN FRANC
-
70
-
60
-
50
70
-
-
80
80
70
I
40
100
IFRENCH FRANC
-
80
120
100
—
60
ITALIAN LIRA
-
I
-
50
40
-
35
I
I
1982
I
, | | I , |
1984
V / I
I
I
I
I
1982
I
30
25
1984
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
ITALIAN LIRA
CANADIAN DOLLAR
DUTCH GUILDER
U. K. POUND
15
SWISS FRANC
GERMAN MARK
16
FRENCH FRANC
JAPANESE YEN
1982
1984
1982
1984
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
U.S. DOLLARS PER FINE OUNCE
600
600
550
-
-
550
12.5 Kg BARS
AFTERNOON FIXING PRICE
500
500
450
450
400
—
-
400
350
-
-
350
300
-
-
300
I
250
1981
1982
I
I
I
I
I
1983
I
I
250
I
1984
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM
:ENT PER ANNUM
24
X
ft
—
20
-
16
-
12
-
8
FRANCE
-
U. S. FEDERAL FUNDS
zr
WNVVL
JAPAN
| |
I
I
4
I
Hi, I I III, I
I
0
24
CANADA
20
EURO-SWISS
FRANC
16
12
+
0
illl
1_1
11
20
16
U. K. 2-DAY LOCAL AUTHORITY
1
GERMANY
-
1EURO-DM
1
1982
1984
1
1
1
1
1982
^
1
1
ill i i h i l l i
1984
12
*
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
NT PER ANNUM
PERCENT PER At
24
20
U . S . CD'S
CANADIAN FINANCE CO
PAPER
16
12
WEIGHTED AVERAGE
FOREIGN RATE
8
16
U K INTERBANK STERLING
12
GERMAN INTERBANK RATE
8
4
12
I SWISS INTERBANK RATE
IV
-
8
JAPANESE BANK
LOANS AND DISCOUNTS
4
-
I
1982
1984
I
I
I
I
1982
0
I
1984
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER
24
20
OVERNIGHT
16
12
8
4
24
20
6-MONTH
16
12
8
4
24
c'O
1-MONTH
1-YEAR
16
12
8
4
1982
1984
1982
1984
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
26
26
22
18
J
fl
FEDERAL FUNDS
\
3-MONTH
E U R O - D O L L A R DEPOSITS
14
-V Y / h
OVERNIGHT
'
E U R O - D O L L A R DEPOSITS
10
I
90-DAY CD S
I
I i 1I I I I I 1I I
/ I
11111111111
DIFFERENTIAL
DIFFERENTIAL
M l
F
I
|
V
+
0
W t v v y
t
I
I
I
I
1982
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
1
1
1
1
1982
1
1 1111111111
1 1111111111
1984
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
28
28
EURO-DOLLAR DEPOSITS
20
DASHED LINE
20
CANADIAN FINANCE
CO. PAPER, COVERED
12
h/vVX -
12
INTERBANK STERLING
COVERED LONDON
U. S. COMMERCIAL PAPER
I
I
I
I
I
I
X<x
~
111
—
DIFFERENTIAL
—
DIFFERENTIAL
-
nh/v^xAvvf/V
2
nil I
~ i
i
i
I
I
I
4
28
28
20
SWISS INTERBANK (SF) COVERED
INTERBANK DM
20
COVERED FRANKFURT
12
12
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
—DASHED LINE
DIFFERENTIAL
/I ,
DIFFERENTIAL
/ V
I
I
1982
I
V^XY
I I III I
1984
1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E
A ^ V A A A ^
" l
l
l
/^V\—
I
I
1982
I
I I I I I I II I I I
1984
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER AN
T PER ANNUM
19
19
1
—
Jl
CANADA
{
UNITED STATES
15
-
15
11
11
-
7
7
15
9
UNITED KINGDOM
—
:SWITZERLAND
5
11
1
7
13
1
1
1
I
1
1
13
MONTHLY
A/\
—
iGERMANY
-
9
9
i
5
22
U. S. CORPORATE
i
i
1
1
1
i l l ii h i l i i
5
22
MONTHLY
FRANCE
18
18
Aaa BONDS
14
14
10
10
NETHERLANDS
MONTHLY
6
l i 1 1 1 ! ' I I I ! n i l i ! 11
6
1982
1984
1982
1984
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY'SERIES
RATIO SCALE
-1969=100
RATIO SCALE
1969=100
JAPAN
UNITED STATES
210
170
FRANCE
UNITED KINGDOM
/
-
-
-
—
130
90
' I
70
I
I
'
190
150
GERMANY
-
-
^
SWITZERLAND
"V V \
110
-
-
70
A-v/—
I
I
I
I
I
180
—
MlMlMlM
I
NETHERLANDS
140
I
I
,A
A
i
I
I
I
I
ii l i i h i l i i
CANADA
vv
~
100
\:
80
ea
s
I
,! <• I ,
: I
I
1982
I
I
1984
I
I
I
I
1982
I
11111111111
1984
-
SEMES
CHART
L A S T V A L U E PLOTTED
DATE
VALUE
NAME
1. S P O T E X C H A N G E R A T E S A N D I N D I C E S
WEEKLY A V E R A G E S , NOON BUYING R A T E S
(U.S. C E N T S )
G E R M A N MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS F R A N C
BELGIAN FRANC
I T A L I A N LIRA
S W E D I S H KRONA
INDICES, MARCH
1973 BASE R A T E S =
W E I G H T E D A V E R A G E E X C H A N G E V A L U E I N D I C E S , MAR
(G-10 C O U N T R I E S PLUS S W I T Z E R L A N D )
CHART 2.
21
21
21
21
21
21
21
21
21
21
33.43
0.41009
29.63
124. 57
75.94
10. 90
40.45
1.65805
0.05384
11.65
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
21
21
21
21
21
21
21
21
21
94. 05
107. 37
85. 07
50. 38
75. 68
49. 10
130. 15
65. 34
30. 58
21
21
21
21
21
21
21
21
21
21
21
144.66
131.55
149.94
114.78
64. 67
101.30
62.55
176.83
86.74
38.19
68. 13
21
21
21
21
21
21
21
21
-1.25
0.05
3.86
-1.69
4.59
3.74
3.24
-5.52
100
GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U.K. POUND
C A N A D I A N DOLLAR
FRENCH FRANC
SWISS F R A N C
BELGIAN FRANC
ITALIAN XIRA
U. S. DOLLAR
G E R M A N MARK
J A P A N E S E YEN
DUTCH G U I L D E R
U.K. P O U N D
C A N A D I A N DOLLAR
FRENCH FRANC
SWISS F R A N C
BELGIAN FRANC
I T A L I A N LISA
S W E D I S H KRONA
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
1973 = 100
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR D I S C O U N T
CANADIAN DOLLAR
U.K. P O U N D
G E R M A N MARK
F R E N C H FRANC
SWISS F R A N C
DUTCH G U I L D E R
J A P A N E S E YEN
ITALIAN LIRA
NOV.
HOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
L A S T V A L U E PLOTTED
DATE
VALUE
S E R I E S NAME
C H A R T 3. S O L D P R I C E IN L O N D O N , AFTEE NOON FIXING
U.S. D O L L A R S PES FINE OUNCE
CHART 4. C A L L
NOV.
21
343.02
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
JAN.
NOV.
21
21
23
16
23
23
23
23
1
23
9. 44
9.38
10. 13
11.96
5. 50
5.42
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
21
21
21
21
21
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
21
21
21
MONEY R A T E S
U.S. F E D E R A L FUNDS
OVERNIGHT EURO-DOLLAR DEPOSITS
U.K.
CANADA
GERMANY
EUEO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC
6.00
11.25
10.30
1. 17
CHART 5. 3 - M O N T H I N T E R E S T R A T E S
U.S. 90-DAY C D ' S , SECONDARY M A R K E T
G E R M A N I N T E R B A N K LOAN
J A P A N E S E BANK L O A N S & D I S C O U N T S
C A N A D I A N F I N A N C E PAPER
INTERBANK STERLING
SWISS I N T E R B A N K LOAN
W E I G H T E D A V E R A G E FOREIGN I N T E R E S T R A T E
(G-10 C O U N T R I E S PLUS S W I T Z E R L A N D )
21
21
9. 28
5.90
6.25
11.00
9. 73
5.22
8. 47
C H A R T 6. BOBO-DOLLAR D E P O S I T R A T E S : LONDON
21
9.38
9.33
9.34
9.64
9.93
10.53
OVERNIGHT EURO-DOLLAR DEPOSITS
U.S. F E D E R A L FUNDS
D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S
NOV. 21
NOV. 21
NOV. 21
9.38
9.44
-0.06
3 - M O N T H E U R O - D O L L A R DEPOSIT R A T E
U.S. 90-DAY C D ' S , S E C O N D A R Y M A R K E T
DIFFERENTIAL
NOV. 21
NOV. 21
NOV. 21
9.64
9.28
0.36
OVERNIGHT
7-DAY
1-UONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7. SELECTED EURO-DOLLAR
21
21
AND U.S. M O N E Y # A R R E T R A T E S
^
W
S E R I E S NAME
LAST VALUE PLOTTED
DATE
VALUE
, CHART 8. I N T E R E S T A R B I T R A G E , 3 - M O N T H F U N D S
EURO-DOLLAR DEPOSIT
I N T E R B A N K STERLING (LONDON), C O V E R E D
DIFFERENTIAL
NOV. 21
NOV. 21
NOV. 21
9.64
9.77
- 0 . 13
U . S . C O M M E R C I A L PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
NOV. 21
NOV. 21
NOV. 21
9.13
9.71
-0.58
EURO-DOLLAR DEPOSIT
I N T E R B A N K DM (FRANKFURT), C O V E R E D
DIFFERENTIAL
NOV. 21
NOV. 21
NOV. 21
9. 64
9.82
-0.18
EURO-DOLLAR DEPOSIT
SWISS I N T E R B A N K , C O V E R E D
DIFFERENTIAL
NOV. 21
NOV. 21
NOV. 21
9.64
9.87
- 0 . 24
NOV. 16
NOV.
2
SEPT.
9
NOV.
9
NOV.
AUG. 24
MAY
NOV. 16
11.75
7.27
6.80
4.81
12. 13
13. 49
8. 52
9.59
CHART 9. L O N G TERM G O V E R M E N T BOND Y I E L D S
UNITED STATES
GERMANY
J A P A N (MONTHLY)
SWITZERLAND
CANADA
FRANCE
N E T H E R L A N D S (MONTHLY)
UNITED KINGDOM
U, S. C O R P O R A T E
AAA BONDS
EURO-DOLLAR
'CHART 10.
BONDS
OCT.
NOV.
12. 63
10.29
STOCK I N D I C E S
UNITED STATES
U N I T E D KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
NOV. 14
NOV. 14
NOV. 14
NOV. 14
NOV. 14
NOV. 14
NOV. 14
NOV. 14
172. 3 4
203. 08
239. 06
159. 29
127. 07
168. 75
181. 53
227. 22
FEDERAL RESERVE statistical release
H.10 (512)
NOVEMBER
FOREIGN EXCHANGE RATES
FOR T H E
WEEK
COUNTRY
ENDING
NOVEMBER
MONETARY
OBIT
•AUSTRALIA
DOLLAR
AUSTRIA
SCHILLING
BELGIUM
FRANC
BRAZIL
CRUZEIRO
CANADA
DOLLAR
CHINA,P.R.
YDAN
DENMARK
KRONE
FINLAND
MARKKA
FRANCE
FRANC
GERMANY
D. M A R K
GREECE
DRACHMA
HONG KONG
DOLLAR
INDIA
ROPEE
•IRELAND
POUND
ISRAEL
SHEKEL
HALT
LIRA
JAPAN
YEN
MALAYSIA
RINGGIT
MEXICO
PESO
NETHERLANDS
GUILDER
•NE8 ZEALAND
DOLLAR
NOBNAY
KRONE
PHILIPPINES
PESO
PORTUGAL
BSCODO
SINGAPORE
DOLLAR
•SOOTH AFRICA
BAND
SOOTH KOREA
WON
SPAIN
PESETA
SRI LANKA
RUPEE
SWEDEN
KRONA
SWITZERLAND
FRANC
TAIWAN
DOLLAR
THAILAND
JBAHT
•UNITED KINGDOM POUND
VENEZUELA
BOLIVAR
MEMO:
TUNITED STATES
DOLLAR
• V A L U E I S U . S . CENTS
23,
NOV.
23,
1984
1984
19
85.79
21.033
60.350
2738.00
1.3168
2.6682
10.8070
6.2560
9.1830
2.9945
123.100
7.8240
12.0600
103.80
NA
1857.00
243.65
2.4010
211.0000
3.3760
49.360
8.7000
NA
162.700
2.1520
5 5 . 55
CURRENCY O M I T S PER n n i T ^ p >
NOV. 2 0
NOV. 21
85.64
21.150
60.590
2738.00
1.3186
2.7001
10.8660
6.2800
9.2350
3.0085
123.450
7.8240
12.0900
103.00
NA
1866.00
244.80
2.4030
211.0000
167.500
26.083
8.5885
2.4740
39.490
26.950
124.87
NA
3.3970
49.240
8.7320
NA
163.500
2.1530
55.90
819.00
168.150
26.092
8.6180
2.4900
39.510
27.000
123.75
NA
144.66
145.41
818.00
85.33
21.208
60.790
2781.00
1.3176
2.7217
10.8990
6.3015
9.2525
3.0185
124.150
7.8280
12.1500
102.90
NA
1874.50
245.53
2.4035
211.0000
3.4050
49.030
8.7775
NA
163.500
2.1530
55.50
820.00
169.500
2 6 . 113
8.6415
2.5020
39.530
27.000
122.72
NA
145.90
NOV.
22
N O V . 23
85.68
21.315
60.800
2781.00
1.3178
2.7217
10.9300
6.3275
9.2950
3.0310
124.500
7.8280
12.1500
102.40
NA
1882.00
245.40
2.4080
212.0000
3.4070
49.000
8.8025
NA
163.000
2. 1650
55.40
821.00
169.850
NA
8.6800
2.5015
39.550
27.000
123.00
NA
146. 15
@FedFRASER