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^/o (516/517) •; - X Selected Interest & Exchange Rates Weekly Series of Charts November 30,1987 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 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 V A L U E S (THIN LINE) AVERAGES FOR W E E K ENDING W E D N E S D A Y RATIO SCALE MARCH 1 9 7 3 = 1 0 0 200 180 - RATIO SCALE MARCH 1973=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 50 45 ITALIAN LIRA - 160 40 140 - - 120 - - - 100 - - - I 80 200 180 160 I I i i i I ILL I l u l u lllllllllll — —I - — - s/V I I I / W I I I lllllllllll yv 100 i 80 \ N \ \ 30 - 25 lllllllllll 20 — ~~ 200 180 — 160 - 140 - 120 - 100 lllllllllll 80 JAPANESE YEN A/ x' /Z' i - — — r" - - 35 — GERMAN MARK 140 120 y v i 11111111111 - - - - M I M I I I I I I r I i i i I i i i lllllllllll — 160 — 140 DUTCH GUILDER CANADIAN DOLLAR 120 — - Xv/^^ I I I I I I 90 - 80 - 70 lllllllllll 60 90 U.K. POUND FRENCH FRANC jr- J - - - 60 - 50 lllllllllll 40 \^A lllllllllll 120 — — | f— BELGIAN FRANC — 200 - 180 - 160 - 140 - 120 lllllllllll 100 ' - /V - - 70 - - 60 - - lllllllllll 50 1985 lllllllllll 1987 240 SWISS FRANC 100 90 80 70 - 80 100 - J\f I I I I I I 1985 I lllllllllll 1987 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 4 8 JAPANESE YEN CANADIAN DOLLAR —J i\ — y - I I I I I I i i i iiiiihih. U. K. POUND SWISS FRANC J /v\ - I I GERMAN MARK I I A — — I FRENCH FRANC I DUTCH GUILDER . I A - I I 11111111111 ITALIAN LIRA 12 1985 1987 1985 1987 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 480 480 460 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 - 400 — 380 360 - 340 - 320 - 300 - 280 - 260 1984 1985 1986 1987 CHART 4 CALL MONEY RATES WEEKLY SERIES PERC PERCENT PER AN IT PER ANNUM 16 FRANCE 12 U. S. FEDERAL FUNDS W w A 8 4 III I 0 I I I I I 16 CANADA 12 8 vv JAPAN GERMANY - I A , i 4 I 0 l I 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 1985 1987 1985 i- 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 14 — 8 CANADIAN FINANCE CO. PAPER U.S . C D ' S 12 10 16 - -J \ 14 - — — 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 I 4 I I M ^ A x J Z \ / l I I ~ 6 I 14 — U.K. INTERBANK STERLING FRENCH INTERBANK RATE - 12 10 V / V s v - I I I I I 6 I 10 NETHERLANDS INTERBANK RATE — GERMAN INTERBANK RATE I I I I I - I I I I I I I I I I I I I I I 10 8 8 - SWISS INTERBANK RATE - JAPANESE GENSAKIRATE A yW V A \ 6 4 - - 4 XAA/ - - iiIiiImIm I I I II I I I I I I 2 6 1985 1987 1985 2 0 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER AL 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 1985 1987 1985 1987 #AR charW^ 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 90-DAY CD* S FEDERAL FUNDS 12 DASHED LINE DASHED LINE 10 3-MONTH OVERNIGHT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 1111111111 J_JL I I I I I I I I I I I 1111 11 i i 4 2 DIFFERENTIAL DIFFERENTIAL Uv / y i i i 1 1 1 1 1 1 1 1 1 1 1 1 ' 1 1 1 1 1 1 1 i-i 111 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON R A T E SCALE 1987 ' I i I I I l I 1985 I 1 11111111111 i i 1111 i i 111 1987 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah :NT PER ANNUM 18 14 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 10 EURO-DOLLAR DEPOSITS 6 DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE J_L 2 2 DIFFERENTIAL DIFFERENTIAL + 0 2 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 10 6 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL + 0 2 1985 1987 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 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES R PER ANNUM PERCENT PER ANI 16 16 UNITED STATES CANADA 14 - 14 12 12 10 10 8 - I 6 I I I I I 6 14 12 8 10 UNITED KINGDOM - JAPAN - 8 6 10 8 f 6 I I I I I I - 4 2 10 8 GERMANY 6 SWITZERLAND 8 6 4 2 I I I I I 4 I 17 17 U. S. 15 CORPORATE MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 7 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 500 — 500 J\A - 400 y w 300 400 - UNITED KINGDOM I „ — 300 /vaz\ a UNITED STATES 200 r* - I 100 I I I I i 11111111111 I i i 200 - i i 100 i 650 — 650 550 550 450 450 350 350 JAPAN J FRANCE 250 I 150 — — - I I I I M 11111111111 I 250 / V m I i i 150 SWITZERLAND CANADA 300 150 - rVTl I I I - - 400 NETHERLANDS f 300 GERMANY 300 200 200 100 400 I I I I I 1985 I I I II I 1987 II I II 100 I 1985 1987 L A S T V A L U E PLOTTED DATE VALUE SEfllES NAME CHART 1. SPOT EXCHANGE BATES AND INDICES MEEKLY A V E R A G E S , MOON BUYING B A T E S (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDBB U.K. POUND CANADIAN DOLLAR FRENCH FSANC SWISS FBANC BELGIAN FSANC ITALIAN LIRA SIEDISB KBOHA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 25 25 25 25 25 25 25 25 25 25 59.63 0.74003 52.97 178.29 76.21 17.57 72.64 2.34940 0.08104 16.49 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 25 25 25 25 25 25 25 25 25 167. 73 193. 76 152. 07 72. 11 75. $6 79. 18 233. 68 112. 28 46. 03 25 25 25 25 25 25 25 25 25 25 25 91.22 170. 24 193. 42 144. 90 64. 36 68. 78 71. 11 222. 28 104. 68 40. 13 67. 02 - 25 "1-38 INDICES, MARCH 1973 BASE BATES = 100 GERMAN M A R K JAPANESE YEN DUTCH GUILDBB U.K. POUND CANADIAN DOLLAR FRENCH FRANC SHISS FBANC BELGIAN FBANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 £G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SHISS FRANC BELGIAN FRANC ITALIAN LIRA SHEDISH KRONA 100 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR DUTCH GUILDER H0¥ : SS5: II «JJ- 25 ~h 2.43 -til SERIES MANE LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PEE FINE OUNCE NOV. 25 470.35 CHARS 4. CALL MONEY RAXES NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 25 25 25 25 25 25 25 25 25 6. 78 6.55 8.82 8. 00 3.42 3.45 8.54 4. 46 1.00 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 25 25 25 25 25 25 25 25 25 7. 19 3.91 3.89 8.65 8.88 3. 75 8.74 4.98 6.21 NOV. NOV. NOV. NOV. NOV. NOV. 25 25 25 25 25 25 6.55 6.66 6.81 7.38 7.40 7. 79 OVERNIGHT EURO-DOLLAR DEPOSITS 0.5. FEDERAL FUNDS DIFFERENTIAL NOV. 25 NOV. 25 NOV. 25 6.55 6.78 -0.23 3—MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL N O V . 25 NOV. 25 NOV. 25 U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. J-MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SIISS 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 7.38 7. 19 0.19 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUdDS EURO-DOLLAR DEPOSIT IBTEEBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. 25 NOV. 25 NOV. 25 1.38 7.42 -0.04 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. 25 NOV. 25 NOV. 25 7. 15 7. 24 EURO—DOLLAR DEPOSIT INTERBANK Dfl (FRANKFORT), COWERED DIFFERENTIAL NOV. 25 NOV. 25 NOV. 25 •a. is EURO-DOLLAR DEPOSIT SM1SS INTERBANK, COVERED DIFFERENTIAL NOV. 25 NOV. 25 NOV. 25 7.38 7.29 0-09 -Q.Q9 7.38 7.53 CHART 9. LONG TERM COVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN SWITZERLAND CANADA FRANCE NETflERLAMDS (MONTHLY) UNITED KINGDOM NOV. NOV. NOV. OCT. NOV. NOV. SEPT. NOV. 20 20 13 30 13 6 10. 95 20 8.76 8.83 5.93 4.67 4.18 10.21 6.81 O.S. CORPORATE AAA BONDS CHART 10. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN 9.33 MAY NOV. MOV. NOV. NOV. NOV. NOV. NOV. NOV. 11 11 11 11 11 11 11 11 254.84 283.61 291.08 179.22 153.78 189.17 294.12 458.88 r FEDERAL RESERVE statistical release NOVEMBER 27, 1987 H.10(512) FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 27, 1987 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 DOLLAR ^AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM DOLLAR CANADA YUAN CHINA,P.R. KRONE DENMARK MARKKA FINLAND FRANC FRANCE D. MARK GERMANY DRACHMA GREECE DOLLAR HONG KONG RUPEE INDIA POUND ^IRELAND LIRA ITALY YEN JAPAN RINGGIT MALAYSIA GUILDER NETHERLANDS DOLLAR *NEH ZEALAND KRONE NORWAY ESCUDO PORTUGAL DOLLAR SINGAPORE RAND *SOUTH AFRICA WON SOUTH KOREA PESETA SPAIN RUPEE SRI LANKA KRONA SWEDEN FRANC SWITZERLAND DOLLAR TAIWAN BAHT THAILAND tfUNITED KINGDOM POUND MEMO: 9UNITED STATES DOLLAR NOV. 23 1 CURRENCY UNITS PER DOLLAR) NOV. 26 NOV. 25 NOV. 24 68.27 11.745 34.910 1.3115 3.7314 6.4400 4.1050 5.6680 1.6678 131.450 7.7875 12.9500 159.20 1228.50 134.73 2.4930 1.8770 61.620 6.4440 135.900 2.0285 50.60 801.10 112.950 30.538 6.0440 1.3690 29.700 25.490 179.05 68.85 11.868 35.280 1.3150 3.7314 6.5150 4.1350 5.7190 1.6870 133.100 7.7930 13.0200 158.70 1241.00 135.52 2.4945 1.8985 62.230 6.4900 137.150 2.0340 50.50 800.80 113.920 30.538 6.0850 1.3865 29.670 25.480 177.25 69.21 11.740 34.850 1.3100 3.7314 6.4350 4.0930 5.6610 1.6686 131.600 7.7880 13.0000 159.40 1227.75 134.80 2.4990 1.8785 62.780 6.4290 135.850 2.0380 50.65 800.90 112.500 30.535 6.0360 1.3715 29.640 25.460 179.25 90.83 91.66 90.80 H 0 L I D A Y 0.25 NOV. 27 69.42 11.653 34.610 1.3091 3.7314 6.4000 4.0800 5.6360 1.6545 130.600 7.7800 12.9300 160.20 1223.00 133.70 2.4970 1.8620 63.090 6.4300 135.600 2.0350 50.90 800.30 111.720 30.533 6.0150 1.3585 29.550 25.410 181.05 90.19 riTMED c . m •INULA ur nCAUm CU hvcriwc T#*ww«- VI w . w -- . COUNTRIES. MARCH 1975 = 100. HEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST 1978. FOR 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