The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(516/517) Selected Interest & Exchange Rates Weekly Series of Charts November 9, 1987 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents •e TABLES S U B S C R I P T I O N RATES: 1. LATEST FIGURES PLOTTED Weekly $ 1 5 . 0 0 per year or $.40 each in the United 2. DAILY CERTIFIED SPOT EXCHANGE RATESHI.10 RELEASE 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, 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 to the order of the Board of Governors of the Federal Reserve System in a f o r m 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 1 9 7 3 = 1 0 0 - • f RATIO SCALE MARCH 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA — .. 180 — zvA/ aZ I r~\ i — I — / i T W i i — i i i i i i i i i i i — I I I I I I 140 120 / — 80 160 - N ^ - 100 180 JAPANESE YEN 140 • 200 — GERMAN MARK 160 120 — — I I| I I | I I| II I 100 80 160 140 DUTCH GUILDER CANADIAN DOLLAR - 120 100 90 - 80 70 I U.K. POUND - I I 60 FRENCH FRANC — 70 - J * - i 50 i i n i i I I I II l u l l I I I III||||,, 40 / /v-Vv~™'^ - - 70 - - - I I -I I I 1985 - 11111111111 1987 — 200 - 180 - 160 - 140 - 120 11111111111 100 Z j\f - ^\l - I A r / V - I 240 SWISS FRANC 90 50 - — 100 60 60 — BELGIAN FRANC 80 - rJ — 120 90 80 I I I I I I 1985 I 11111111 I I I 1987 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM PERCENT PER At 4 JAPANESE YEN CANADIAN DOLLAR + 0 —J A— \ 4 8 4 I I I n l n l n l i i U. K. POUND SWISS FRANC + 0 - 4 8 8 I GERMAN MARK I ! DUTCH GUILDER 4 — + 0 I 4 I L I I I 11I1<I<1I<< 4 FRENCH FRANC ITALIAN LIRA 0 4 8 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 480 480 460 460 440 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 420 400 400 380 360 360 340 340 320 320 300 300 280 280 260 260 1984 1985 1986 1987 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER Af ENT PER ANNUM 16 FRANCE 12 U. S. FEDERAL FUNDS — 8 4 - 0 v v JAPAN I I I I I I I I I II I I I - i i l n l i i h i 16 CANADA 12 8 GERMANY 4 0 16 UNITED KINGDOM SWITZERLAND 12 8 4 NETHERLANDS 0 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERES PERCENT PER 14 12 16 CANADIAN FINANCE CO. PAPER U.S. CD'S 14 10 12 8 10 6 WEIGHTED AVERAGE FOREIGN RATE 8 4 6 16 14 U.K. INTERBANK STERLING FRENCH INTERBANK RATE 14 12 12 10 10 8 8 6 10 10 NETHERLANDS INTERBANK RATE 8 8 GERMAN INTERBANK RATE 6 6 4 4 2 2 10 8 8 SWISS INTERBANK RATE JAPANESE GENSAKI RATE 6 6 4 4 2 2 0 1985 1987 1985 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER Al 14 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 10 8 6 4 14 12 10 8 6 4 14 12 10 8 6 4 1985 1987 1985 1987 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 - 12 - 14 FEDERAL FUNDS 90-DAY CD1 S DASHED LINE DASHED LINE 12 10 10 6 - OVERNIGHT 3-MONTH E U R O - D O L L A R DEPOSITS E U R O - D O L L A R DEPOSITS I I I I I I I I I I I 11111111 h I I 1111111111111 4 2 DIFFERENTIAL DIFFERENTIAL - J I IIIIIIIIIl IIM IIIIIIIIII 1985 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 1987 I I 1985 I 11111111111 11111111111 1987 CHART , INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 18 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE DIFFERENTIAL 14 - DIFFERENTIAL INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 DIFFERENTIAL 1985 1987 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 2 DIFFERENTIAL 1985 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 16 16 UNITED STATES 14 CANADA - - 12 - 8 - A- J I 6 14 - 12 - 10 I - - 8 II11111,111 6 a / U - I I — I I I I I — 10 UNITED KINGDOM - - 10 - - - - — 6 \ - 12 8 - jr. - 10 14 — I I I I I I 11111111111 JAPAN 8 - 6 - 4 / I I I I I I I III I I - I I I I | I I | I , | I I n i l 11 i i I n — 2 10 — GERMANY SWITZERLAND 4 - - . — I U. S. CORPORATE I I I I I - I I| I I| I I| I II M I I I I I I I M _ FRANCE - \ J~ NETHERLANDS MONTHLY v I 1985 1987 I A ml - I 1985 1987 6 4 MONTHLY Aaa BONDS 8 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 400 RATIO SCALE 1969=100 UNITED KINGDOM UNITED STATES 650 550 450 350 250 |— - jVVWVv J - - 200 - - I FRANCE - — I I j 250 I I I I I I 150 — 500 300 - — JAPAN 150 400 - |- — - CANADA I V M I I I , , I , , 1, 1 1 , i 250 - SWITZERLAND A ~ I I I I I I I NETHERLANDS GERMANY 1985 1987 1985 1987 - 200 — 150 LAST VALUE PLOTTED DATE VALUE SEBIES NAME CHART 1. SPOT EXCHANGE MATES AND INDICES HEEKLX AVEBAGES, NOON BUYING BATES (U.S. CENTS) 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. 4 4 4 4 4 4 4 4 4 4 58. 18 0. 72643 51.69 173. 35 75.82 17. 15 70. 37 2.77816 Q. 07895 16. 20 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 4 4 4 4 4 4 4 4 4 163.65 194.20 148. 40 70. 12 75.57 77. 26 226.39 109.47 44. 85 4 4 4 4 4 4 4 4 4 4 4 93. 29 168. 86 193. 24 143.87 63. 63 69. 72 70. 58 219. 12 103. 84 39. 77 67. 02 4 4 4 4 4 4 4 4 -0. 76 -1.46 3.64 -1.55 3. 95 2.39 3.38 -4.79 INDICES, MARCH 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, MAB 1973 = 100 IG-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERJIAN MASK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FBANC SWISS FRANC BELGIAN ZHAMC ITALIAN LISA SWEDISH KRONA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. CHART 2. 3-HONTH FORWARD EXCHANGE BATES, PREMIUM OR 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. S5«1l,S NAME L A S T VALUE P L O T T E D DATE VALUE CHAM' 3. GOLD PRICE IN LONtiON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE CHAH j NOV. 4 468.04 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 4 4 4 4 4 4 4 4 4 6.43 6.47 9. 22 7.80 3.41 3. 39 7. 89 5.21 1.00 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 4 4 4 4 4 4 4 4 4 7. 40 4. 13 3.86 8.37 9.06 3.70 8.22 5. 19 6. 26 NOV. NOV. MOV. NOV. NOV. NOV. 4 4 4 4 4 4 6. 47 6.81 6.97 7.58 7.61 7. 97 4. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5. 3-MONTH INTEREST BATES 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. SELECTBJ) BO BO-DOLLAR AMD U.S. MONET MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U.S. FEDERAL FDNDS DIFFERENTIAL NOV. NOV. NOV. 4 4 4 6. 47 6. 43 0. 04 3-MONTH EURO-DOLLAR DEPOSIT RATE U.S. 90-DAI CD'S, SECONDARY MARKET DIFFERENTIAL NOV. NOV. MOV. 4 4 4 7.58 7.40 0. 18 SERIES NAME LAS 1' VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. NOV. NOV. 4 4 4 7.58 7. 57 0.01 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. NOV. NOV. 4 4 4 7. 33 7. 59 -0. 26 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. NOV. NOV. 4 4 4 7.58 7.81 -0.23 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV. NOV. NOV. 4 4 4 7. 58 7. 68 -0. 10 OCT. OCT. OCT. OCT. OCT. OCT. SEPT. OCT. 30 30 23 9 16 23 8. 90 6. 11 5. 11 4. 40 10.39 11.44 6.81 8.70 CHART 9. LONG TERM GOVEflMENT BOND YIELDS UNITED STATES GERMANY JAPAN SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 30 U.S. CORPORATE AAA BONDS CHART 10. 9.33 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SBITZEELAID NETHERLANDS FRANCE JAPAN MAY NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 4 4 4 4 4 4 4 4 262.34 276.05 293.99 200.74 153.75 204. 06 302.78 500. 02 |EEDERAL RESERVE statistical release H.10(512) NOVEMBER 6, 1987 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 6, 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 ^AUSTRALIA AUSTRIA BELGIUM CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA *1RELAND ITALY JAPAN MALAYSIA NETHERLANDS *NEW ZEALAND NORWAY PORTUGAL SINGAPORE «S0UTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND *UNITED KINGDOM DOLLAR SCHILLING FRANC DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KRONE ESCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: •UNITED STATES DOLLAR NOV. 2 (CURRENCY UNITS PER DOLLAR) NOV. 3 NOV. 4 NOV. 5 NOV. 6 67.62 12.065 35.870 1.3145 3.7314 6.6200 4.2200 5.8075 1.7125 134.500 7.8105 13.0000 155.20 1262.50 137.00 2.5090 1.9272 60.050 6.5100 138.900 2.0660 50.25 805.10 114.500 30.518 6.1600 1.4163 30.010 25.590 173.90 67.02 12.085 35.860 1.3220 3.7314 6.6350 4.2350 5.8350 1.7150 134.200 7.8128 13.0100 154.50 1264.00 137.38 2.5080 1.9295 60.050 6.5000 138.900 2.0620 50.40 804.30 114.420 30.518 6.1600 1.4142 30.010 25.580 174.00 67.32 12.065 35.800 1.3236 3.7314 6.6050 4.2070 5.8200 1.7105 134.150 7.8107 12.9900 155.35 1264.00 137.28 2.5055 1.9250 61.000 6.4575 139.400 2.0585 50.25 804.20 114.140 30.518 6.1500 1.4110 30.010 25.580 174.82 67.55 11.750 34.940 1.3315 3.7314 6.4500 4.1300 5.6800 1.6690 131.600 7.8065 12.9300 158.90 1235.00 134.70 2.4900 1.8775 61.400 6.3200 136.150 2.0510 53.35 804.10 112.750 30.518 6.0000 1.3680 30.000 25.540 178.30 68.38 11.815 35.150 1.3205 3.7314 6.4950 4.1400 5.6900 1.6745 131.700 7.8080 12.9000 158.70 1239.00 135.40 2.4935 1.8835 62.500 6.3550 135.900 2.0475 50.75 803.20 112.850 30.503 6.0600 1.3790 29.940 25.470 178.25 92.95 93.12 92.95 91.06 91.29 •INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 197$ = 100. WEIGHTS 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. LVALUE IS U.S. CENTS
@FedFRASER