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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts «% » October 14,1986 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 t o 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 SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 200 180 160 - — „ - 140 y v 120 100 JAPANESE YEN , - GERMAN MARK - - m 80 1 1 M i H i || h i l l I DUTCH GUILDER CANADIAN DOLLAR — 90 U.K. POUND 80 FRENCH FRANC - 70 - 60 50 - - I 40 I I I I I I I I llllllllllll lllllllllll 120 SWISS FRANC BELGIAN FRANC 100 90 - — - ^ ^ A v' J 80 70 - 60 — - 50 — ^ — - I I 11111111111 I 1984 1986 I I I 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM JAPANESE YEN CANADIAN DOLLAR 4 12 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 0 8 0 8 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE — | 520 520 | — 500 480 480 460 460 12.5 Kg BARS 440 440 AFTERNOON FIXING PRICE 420 420 400 400 380 380 360 360 340 340 320 320 300 300 280 280 260 260 1983 1984 1985 1986 CHART 4 CALL MONEY RATES WEEKLY SERIES 4T PER ANNUM PERCENT PER Af 20 20 16 16 FRANCE U. S. FEDERAL FUNDS 12 12 8 8 4 4 JAPAN 0 I I I I I I 0 I 20 16 20 SWITZERLAND 16 CANADA 12 12 8 8 4 4 0 UL 0 20 20 16 16 12 12 GERMANY 6 V\A 4 __ V 8 * -aVWWV _ 4 NETHERLANDS 0 0 1984 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES r PER ANNUM PERCENT PER AN 14 16 U . S . CD'S CANADIAN FINANCE CO. PAPER 12 14 10 12 8 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 4 6 16 14 IFRENCH INTERBANK RATE U.K. INTERBANK STERLING 14 - 12 10 10 1 8 I I I I I - I 8 6 10 10 NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE 8 8 6 6 4 2 12 - I I I I I 1 1 2 1 8 7 8 SWISS INTERBANK RATE JAPANESE GENSAKI RATE - W v V 6 6 . \ r A ^ - 4 2 5 1 4 4 1984 1986 1 1 1 1 1984 0 1 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER Ah [NT PER ANNUM 14 14 3-MONTH OVERNIGHT 12 12 10 10 8 8 6 6 4 4 14 14 6-MONTH 7-DAY 12 12 10 10 8 8 6 6 4 4 14 14 1-YEAR 1-MONTH 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 11111111111111111111111 11111111111111111111111 4 2 DIFFERENTIAL DIFFERENTIAL -^vyvvAvvvz~ I I I I I I I I I I I I I I I I I I I M I I I I I I I 1984 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E 1986 | iI i I i I I 1984 I I I I I I I I I I I I i i I 111 i i I i i 1986 + 0 CHART 8 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 EURO-DOLLAR DEPOSITS 14 - 10 14 - DASHED LINE 10 INTERBANK STERLING COVERED LONDON — U. S. COMMERCIAL PAPER 6 2 DIFFERENTIAL 2 DIFFERENTIAL + 0 J_L 2 2 18 18 INTERBANK DM 14 SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 14 10 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE I I I I DASHED LINE II I DIFFERENTIAL DIFFERENTIAL f V I I Vv X A A . . J j v v v^ V w A z ^ I I i l l 111 i l l I 1984 1986 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE S C A L E 1984 1986 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER AL ENT PER ANNUM 17 17 15 CANADA UNITED STATES 15 13 13 11 11 9 9 7 7 15 9 13 7 SWITZERLAND UNITED KINGDOM 11 5 9 3 7 1 10 10 GERMANY 8 JAPAN 8 6 6 4 4 18 18 • U. S. CORPORATE MONTHLY 16 16 I FRANCE v Aaa BONDS 14 — 14 12 — 12 INETHERLANDS I MONTHLY 10 10 8 y I 6 1984 1986 I I I I 1984 I I - 8 6 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 450 400 UNITED KINGDOM UNITED STATES NETHERLANDS SWITZERLAND FRANCE GERMANY CANADA 1984 1986 1984 1986 LAST VALUE PLOTTED DATE VALUE S E R I E S SAME CHABT 1 . SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, MOO* BOXING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER I L K . POUND CANADIAN DOLLAR FRENCH FRANC S 8 I S S FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA INDICES, EABCH 1 9 7 3 BASE RATES = OCT. OCT. OCT. OCT. OCTOCT. OCT. OCT. OCT. OCT. OCT. OCTOCT. OCT. OCT. OCT. OCT. OCTOCT. WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLflS SWITZERLAND) CHABT 2 . 3-MONTH FORWARD EXCHANGE CANADIAN DOLLAR O . X . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 50.03 0.64887 4 4.26 143.34 7 2 . 12 15.28 61.55 2.41256 0.07227 14.58 8 8 8 8 8 8 8 8 8 140.73 1 6 9 . 90 127.06 57.98 7 1. 88 68.84 198.00 9 5 . 07 4 1 . 05 8 8 8 8 8 8 8 8 8 8 8 106.04 159.03 190.65 1 3 5 . 74 5 7 . 66 73.64 69.44 211.77 99.54 40.31 66.71 8 8 8 8 8 8 8 8 -2-52 -4.84 1.41 -3.01 2.14 0.56 1-01 -5.21 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER 0 . K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . S . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN L I R A SWEDISH AROMA b 8 8 8 8 8 8 8 8 8 MAR 1 9 7 3 = 100 OCT. OCT. OCT. OCTOCT. OCT. OCT. OCT. OCT. OCTOCT. SS, PREMIUM OR DISCOUNT OCT. OCTOCT. OCT. OCTOCT. OCT. OCT. LAST 7ALOE PLOTTED DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E I S LOUDON, AFTERNOON F I X I N G U.S. . OCT. 5.75 5.79 8.97 7.85 4.22 4.63 7.32 5.34 1.00 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 8 8 8 8 8 8 8 8 8 5.64 4.53 41.75 8.42 10.80 3.95 7.32 5.29 6.57 OCT. OCT. OCT. OCT. OCT. OCT. 8 8 8 8 8 8 5-79 5.83 5.88 5.-84 5- 84 5.96 EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DA I 1-MONTH 3-MONTH 6-MONTH 1-YJ3AS CHART 7 . 8 8 8 8 8 8 8 8 8 J-MONTH I N T E R E S T RATES U . S . 9 0 - D A I C D ' 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 I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 435.66 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO—DOLLAB D E P O S I T S U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . 8 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. DOLLARS PER F I N E OUNCE SELECTED EURO-DOLLAR AND U . S . MONEl MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S O . S . FEDERAL FUNDS DIFFERENTIAL OCT. OCT. OCT. 8 8 8 5.79 5.75 0.04 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A I C D ' S , SECONDARY MARKET DIFFERENTIAL OCT. OCT. OCT. 8 8 8 5-84 5.64 0.20 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 8 . I N T E R E S T ARBITRAGE, 3-MONTH FUNDS EURO—DOLLAR D E P O S I T INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. OCT. OCT- 8 8 8 5.84 5.83 O . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL 8 OCT. OCT. „ 8 8 OCT. 5.66 5.85 - Q . 19 EURO-DOLLAR D E P O S I T INTERBANK D8 (FRANKFURT) , DIFFERENTIAL OCT. OCT. OCT. 8 8 8 5.84 5.96 - 0 . 12 OCT. OCT. OCT. 8 8 8 5. 54 6.11 -0.27 3 OCT. 3 OCT3 OCT. S E P T . 19 S E P T . 19 SEPT. 26 ADG. OCT. 3 7.43 5.82 5.00 4.25 9.49 8 . 47 6.03 1Q.00 COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED S T A T E S GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. a-oo CORPORATE AAA BONDS J DUE 9. )3 CHART 1 0 . / STOCK I N D I C E S ONITED S T A T E S UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 1 1 1 236.85 375.19 295.97 287.67 183.67 334.01 384.89 393.83 FEDERAL RESERVE statistical release H.10 (512) OCTOBEB 1 0 , 1986 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING OCTOBKB 1 0 , 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: COUNTBI •AUSTBALIA AUSTRIA BELGIUfl BBAML CANADA CHINA,P.B. DENAAIK FINLAND FBANCE GEBflANX GREECE HONG KONG INDIA •IBBLANO ITALI JAPAN HALAISIA NETHEBLANDS •NEB ZEALAND NOBHAX POBTUGAL SINGAP08B •SOOTH AFRICA SOOTH KOREA SPAIN SBI LANKA SSEDEN 5BIT&BBLAND TAIWAN THAILAND •UNITED KINGDON NEMO: *UNITED STATES tiONBTAST UNIT DOLLAB SCHILLING FBANC CBOZADO DOLLAB YUAN K80NE MAB2KA FBANC D . flABK DBACH8A DOLLAB BOPEE POUND LIBA TEN BINGGIT GUILDSB DOLLAB KBONE ESCDDO DOLLAB SAND HON PESETA BUPEE KBONA FBANC DOLLAB BABT POUND DOLLAB (CUBBEBCI U N I T S PER DOLLAB! OCT. 63. 51 14. .012 41, 2 7 0 13. 8 4 1. 3 8 5 5 3 . 7240 7. . 5 1 0 0 4. .8600 6. 5 2 3 0 1. , 9 9 0 5 133. 6 5 0 7. 7 9 1 5 12. 7 7 0 0 136. 80 1 3 7 8 , .00 154. 06 2, 6 2 5 0 2. 2 5 1 0 5 0 , .600 7. 3 2 0 0 146. 000 2. 1 6 9 5 4 5 . 10 880. ,90 132. 100 28. 3 6 3 6. 8 4 0 0 1. 6 1 9 5 36. 720 26. ,090 1*3. 8 5 105.72 OCT. 63. 4 5 14. 0 5 7 41. 4 4 0 13. 8 4 1. 3S70 3. 7240 7. 5 3 7 5 4. 8 8 2 0 6. 5 4 9 0 2. 0 0 1 5 134. 2 5 0 7. 7 9 7 0 12. 7 1 0 0 136. 20 1 3 8 4 . 00 154. 0 7 2. 6260 2. 2 6 1 5 50. 430 7. 3 4 0 0 146. 2 5 0 2. 1695 44. 9 5 879. 50 132. 500 28. 3 5 7 6. 8600 1. 6 2 9 5 3 6 . 710 26. 0 9 0 143. 2 0 106.11 OCX. 8 63.65 14.060 41.460 13. 84 1.3863 3.7240 7.5400 4.8800 6.5350 1.9970 134. 250 7.8000 12. 81.00 136.15 1383.00 154.35 2 . 6230 2.2575 50.150 7 . 3450 146.500 2.1700 44.90 879.70 132.400 28.372 6.8650 1.6260 36.700 26.100 142.02 106.14 OCX. 9 8b 110 600 84 1. 3 8 7 0 3. 7 2 4 0 7. 5 6 0 0 4. 8 9 8 0 6. 5 6 7 0 2. 0 0 4 0 134. 750 7. 8 0 0 5 12. 7 8 0 0 135. 6 5 1388. 00 154. 9 5 2. 6 2 5 0 2. 2638 5 1 . 100 7. 3 6 0 0 14b. 600 2. 1 7 3 5 44. 75 8 7 9 . 70 132. 680 28. 3 8 7 6. 8 8 3 0 1. 6 3 1 0 3 6 . 700 26. 100 142. 15 63. 14. 41. 13. 106.44 OCX. 10 63.85 13.990 41.240 13.84 1. 3870 3.7240 7 . 4950 4.8600 6.5100 1.9870 133.800 7.7985 12.8100 136.63 1376.00 154.45 2.6270 2.2445 51.050 7.3100 146.600 2 . 1735 44.70 879.60 131.700 28.387 6.8325 1.6185 NA 26. 100 143.35 105.70 nw i l l t m m W A1 BlimB JUCMANSH VALUE M U . S . DOILAH AGAINST CUHBHNC1ES OF OTHJfftf U-1U COUNTRIES. BABCB 1 9 7 3 * 1 0 0 . HEIGHTS ABE 1 9 7 2 - 7 6 GLOBAL TBADE OF EACH OF THE 10 COB NT BIBS. SERIES B E f l S E D AS OF AUGUST 1 9 7 8 . FOB DESCRIPTION AND BACK DATA, SEE "IMOEI OF THE NEIGHTED-AVEBAGE EXCHANGE VALUE Of THE U . S . DOLLAB: BEVXSION" ON PAGE 7 0 0 OF THE AUGUST 1978 FEDERAL BESEfiVE BULLETIN. •VALUE I S 0 - 5 - CENTS
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