Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : October 18, 1993

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

October 18,1993

~ t " n a l f , n a n c e

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DC. 20551




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
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




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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

120

RATIO SCALE
MARCH 1973=100

140

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

BELGIAN FRANC

i

i

i

I

i

i

i

I

i

i

i

i

i

i

i

i

—

i

I

i

i

i

I

i

i

i

I

i

i

I

i

i

i

I

i

i

i

'

i

I

i

i

'

i

•

JAPANESE YEN

SWISS FRANC

i

i

I

i

i

i

i

I

i

i

l

i

i

i

i

i

I

i

i

i

U.K. POUND

CANADIAN DOLLAR

'

I

I

'

I

•

I

I

I

I

'

'

i

I

'

'

'

i

i

I

i

i

i

i

GERMAN MARK

DUTCH GUILDER

'

i

I

i

•

i

l

'

i

'

i

i

i

I

i

f

i

I

'

•

i

l

I

i

i

i

i

FRENCH FRANC

ITALIAN LIRA

I

I

I

1990




I

'

'

'

I

I

I
1992

I

I

'

I

I

i
1990

i

i

1992

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

2

2
GERMAN MARK

U.K. POUND

J v"

1

1

1

I

1

1

1

I

1

1

1

1

1

1

1

i

CANADIAN DOLLAR

I

1

1

1

1

1

i

i

I

» i

i

I

i

i 'i

I

•

i

'

•

'

I

•

'

'

I

'

•

'

I

I

I

I

I

I

I

I

I

I

I

•

I

'

I

I

'

I

I

I

'

'

JAPANESE YEN

1

1

1

1

1

1

1

1

1

'

SWISS FRANC

'

'

I

'

DUTCH GUILDER
*

I

i

i

I

1990




i

I

I

ITALIAN LIRA

FRENCH FRANC

i

I

i

i

l

i

'
1992

'

I

i

'

'

I

I
1990

I

I

1992

CHART 3

PRICE OF GOLD IN LONDON
A V E R A G E S FOR W E E K ENDING W E D N E S D A Y

U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

420

12.5 Kg BARS
AFTERNOON FIXING PRICE

400

400

—

380

360 —

360

340

340

380

J

320
1990




1991

i

i
1992

i

L

320
1993

CHART4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

10

16

FRANCE

U.S. FEDERAL FUNDS

JAPAN

NETHERLANDS

f

GERMANY

UNITED KINGDOM

CANADA

SWITZERLAND

I
1990




1992

I

I
1990

1992

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANt

ENT PER ANNUM
12
WEIGHTED AVERAGE
FOREIGN RATE
10

CANADIAN FINANCE PAPER

8

6

—

U.S. CD'S

4
2

0

i

i

i

I

»

i

i

I

i

'

i

I

i

'I

I

I

i

I

I

I

I

I

I

I

I

I

I

I

I

I

i

I

i

i

i

I

'

•

•

I

i

i

i

16

13

10
U.K. INTERBANK STERLING

NETHERLANDS INTERBANK RATE

7

» '

4
9

'

I

'

i

i

I

i

i

7

5
JAPANESE CD RATE
FRENCH INTERBANK RATE

3

1
10

'

'

» I

•

1

'

I

'

'

'

I

1

i

i

i

I

i

'

•

I

•

•

'

8

6
GERMAN INTERBANK RATE

SWISS INTERBANK

4

2

i

'

i

1990




I

i

i

» I

'

i
1992

i

I

i

i

i

i

t
1990

» I

i

i

i

I

i

i
1992

i

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

10

10
3-MONTH

OVERNGHT

7-DAY

6-MONTH

1-YEAR

1-MONTH

1990




1992

1990

1992

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), FAVORS B O R R O W I N G IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

10

8

OVERNIGHT

3-MONTH

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

6

FEDERAL FUNDS

90-DAY CD'S

DASHED LINE

DASHED LINE

4

2
2

2

DIFFERENTIAL

1

+
0

1




1990

1992

DIFFERENTIAL

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNU

CENT PER ANNUM

10

8

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING

COVERED LONDON

6

4
U.S. COMMERCIAL PAPER

EURO-DOLLAR DEPOSITS'

0

DASHED LINE

DASHED LINE

2

'

i

i

I

1

i

'

1

I

'

'

1

I

1

1

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

l

i

•

i

I

i

i

i

2
DIFFERENTIAL

DIFFERENTIAL
+

0

2
10

» '

i

I

i

•

•

1 •

'

•

I

'

i

i

•

i

i

I

i

» '

8
INTERBANK DM

SWISS INTERBANK (SF) COVERED

COVERED FRANKFURT

6

4
EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

0

DASHED LINE

DASHED LINE

2

I

I

I

I

I

1

1

I

1

1

1

I

1

•

1

'

'

I

I

I

'

I

I

I

I

I

' '

I

I

I

I

'

I

I

'

'

I

2
DIFFERENTIAL

DIFFERENTIAL
+

^

0

2

I

I

1990




As/W-w

I

I

I

I

I

I

I
1992

I

I

I

I

I

I

I
1990

I

I

I

• '

1992

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
RCENT PER ANNUM

PERCENT PER ANNl

10

14
UNITED STATES

UNITED KINGDOM

9
12

8
10
7
8

6
5
12

i

i

i

I

i

» i

I

» i

i

I

•

i

•

i

i

» l

i

i

i

l

i

» i

l

•

i

i

6
11

CANADA
11

10

10

9

9

8

8

7

7

6

6

'

1

i

l

1

1

1

1

I

1

'

1

l

i

»

5
8

8
SWITZERLAND

JAPAN

7

7

6

6

5

5

4

4

3
10

1

1

1

I

•

»

1

1

i

1

i

i

'

'

'

•

NETHERLANDS

1

1

l

•

«

1

I

1

» '

l

1

1

'

3
10

GERMANY

9

9

8

8

7

7

6

6

5

i

i

i

1990




l

i

i

i

I

'

'
1992

'

I

i

'

'

i

1

1990

1

I

1

1

1

i

»

1

i

1992

i

i

i

5

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100
230

RATIO SCALE
1986=100
230
UNITED STATES

UNITED KINGDOM

JAPAN

SWITZERLAND

FRANCE

GERMANY

CANADA

NETHERLANDS

100 —

1990




1992

1990

1992

15-Sep-93 22-Sep-93 29-Sep-93 6-Oct-93
Chart 1.

13-Oct-93

Spot Exchange Rates and Indices

Noon buying rates

(U.S. cents, weekly averages)

Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Indices, March 1973 base rates
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

2.9095
75.967
17.843
62 .421
0.06496
0.94368
55.577
71.520
154.78

2.8905
75.840
17.734
61.731
0.06379
0.95019
54.958
70.874
152.44

2.8610
75.542
17.573
61.317
0.06315
0.94614
54.617
70.184
150.93

2.8388
74.760
17.605
61.459
0.06285
0.94506
54.722
70.246
151.14

2.8586
75.115
17.715
62.220
0.06292
0.94633
55.330
70.966
152.79

114 .65
75 .72
80 .40
175 .60
37 .29
247 .09
159 .55
230 .09
62 .60

113 .90
75 .59
79 .91
173 .65
36 .61
248 .79
157 .77
228 .01
61 .66

112 .74
75 .29
79 .19
172 .49
36 .25
247 .73
156 .79
225 .79
61 .04

111 .86
74 .51
79 .33
172 .89
36 .08
247 .45
157 .10
225 .99
61 .13

112 .64
74 .87
79 .83
175 .03
36 .12
247 .78
158 .84
228 .31
61 .80

106 .43
68 .96
72 .01
178 .42
31 .06
257 .91
151 .53
50 .60
217 ,
.06
54 ,
.21
92 ,
.53

105 .66
68 .25
72 .23
179 .11
30 .93
257 .83
151,.99
50 .45
217 ,
.45
54 ,
.35
92 ,
.63

105 .76
68 .15
72 .25
180 .44
30 .76
256 .47
152 .80
50 .
.89
218 .38
54 ,
.64
91,.92

-1,.60
-4 .04
.
-3..46
-5..81
0..58
-3 .13
.
-1..54
-2 .
.72

-1,.59
-3 .95
.
-3 .46
.
-5 .62
.
0..66
-3 .18
.
-1 .49
.
.72
-2 .

-1,.53
-3 .87
.
-3 .49
.
-5 .41
.
0..89
-3 .12
.
-1..33
-2 .
.58

348.,14

353 ..55

356..04

354 .
.26

360..84

3 .03
3. 00
4 .23
7. 20
7. 01
2. 94
6. 41
4 .73
5. 95

3. 12
2 .90
4 .28
7 .13
6. 84
2 .70
6. 27
4 .63
5. 58

3 .05
2 .95
4 .20
7. 09
6. 76
2 .45
6. 30
4 .65
6. 20

3 .24
3 .08
4 .35
7. 06
6. 89
2 .59
6. 28
4 .60
5. 90

2 .93
2.
,94
4 .53
7 .04
6. 75
2 .47
6. 43
4 .60
5 .35

100

Mar. :
1973=100
Belgian franc
Canadian dollar
f French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
fU.S. dollar
Chart 2.

3-Month Fc

Canadian dollar
French franc
German mark
Italian lira
|Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

106 .94
68 .47
72 ,
.26
179 ,
.63
31,.60
253 .66
152 ,
.38
51..11
218 ,
.55
55,.00
91..10

106 .96
68 .84
72 .30
178 .68
31 .21
257 .54
151 .65
50 .17
218 .01
54 ,
.48
91,.88

Premium or Discount
-1..64
-4 .06
.
-3 .43
.
-5 .
.82
0..53
-3 .
, 14
-1.,56
-2 .
,71

-1,.37
-3,.89
-3 .46
,
-5 .47
.
0..87
-3 . 17
-1..34
-2 .48
.

fixing
U.S. dollars per fine ounce
Chart 4.

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
IJapan
Netherlands
Switzerland
United Kingdom




ep- 93 22 -Sep- 93 29-Sep -93 6-Oct-!93
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

3 .12
4 .90
7. 03
6. 45
2.
,62
6.,23
4.
,63
5.,86
5.,81

3 .12
4 .86
7 .03
6. 53
2 .55
6. 21
4 .63
5. 85
5. 79

3 .10
4 .86
7 .02
6 .58
2 .51
6 .25
4 .54
5 .91
5 .79

3 .24
4 .94
7 .04
6 .64
2 .48
6 .30
4 .51
5 .96
5 .80

3 .22
4 .84
7 .08
6 .64
2 .47
6 .29
4 .46
5 .84
5 .78

3.
,00
2.
,96
3.
.03
.08
3.
,25
3.
3.,41

2
2
3
3
3
3

2 .95
3 .05
3 .06
3 .06
3 .25
3 .43

3 .08
3 .01
3 .06
3 .25
3 .25
3 .43

2 .94
3 .00
3 .06
3 .25
3 .25
3 .41

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

13-Oct -93

.90
.96
.06
.06
.25
.45

Selected Euro-dollar & U.S. Mone^ ' Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

3.,00
3.
,03
-0.,03

2 .90
3 .12
-0. 22

2 .95
3 .05
-0 .10

3 .08
3 .24
-0 .17

2 .94
2 .93
0 .00

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential

3.
,08
,12
3.
-0.,04

3 .06
3. 12
-0. 06

3 .06
3 .10
-0 .03

3 .25
3 .24
0 .01

3 .25
3 .22
0 .03

Euro-dollar deposit
Interbank sterling (London), covered
Differential

3.
,08
,11
3.
-0.,04

3 .06
3 .09
-0. 03

3 .06
3 .15
-0 .09

3 .25
3 .35
-0 .10

3 .25
3 .32
-0 .07

U.S. commercial paper
Canadian finance paper, covered
Differential

,15
3.
,24
3.
-0.,10

3 .15
3. 24
-0. 09

3 .17
3 .25
-0 .08

3 .23
3 .39
-0 .15

3 .26
3 .46
-0 .19

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

3..08
2..97
0..11

3 .06
3. 01
0. 05

3 .06
3 .06
0 .00

3 .25
3 .09
0 .16

3 .25
3 .13
0 .12

Euro-dollar deposit
Swiss interbank, covered
Differential

3..08
3..05
0..03

3 .06
3 .07
-0. 01

3 .06
3 .03
0 .03

3 .25
3 .16
0 .09

3 .25
3 .11
0 .14

7 .01
,
6,.13
6,.11
4 .09
,
4 .42
,
5,.96
7 .03
,
5,.42

6,.95
6,.10
6 .11
,
3 .99
,
4 .41
,
5,.94
6 .98
5 .35

7 .02
,
6,.05
6 .04
,
3 .90
,
4 .34
,
5 .89
6,.88
5 .36

6,.82
5 .99
,
5 .96
,
3 .87
,
4 .23
,
5,.87
6 .83
5,.28

Chart 8.

Chart 9.

Interest Arbitrage, 3-Month Funds

Long Term Government Bellwether Bond Yields
10-year maturity, where available
6 .82
6 .13
6 .15
4 .13
,
4 .42
,
6 .02
6,.83
5,.33

Canada
France
Germany
Japan
Switzerland
Netherlands
United Kingdom
United States
Chart 10.

Stock Indices

Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom
United States

(Wednesday figures)
132 .
.23
161..99
107..91
127,.06
.79
129 ,
181,.20
180 .
.09
187 ,
.95

131..79
157..96
109 .
.00
123 . 11
130 .
.44
183 .
.88
180 .
.70
186.. 19

.74
132 ,
161,.42
.81
109 ,
122 ,
.34
131,.74
189 ,
.29
180 .20
187 .90

.15
135 ,
164 ,
.40
113 ,
.66
125 ,
.05
136 ,
.03
191,.92
. 74
182 ,
188 ,
.38

137 ,
.02
161,.64
115 ,
.66
124 .
.43
136 ,
.68
193 ,
.26
181 .
.02
188 .
.75

Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General, FAZ Aktien,
Tokyo SE (Topix), CBS A l l - G e n e r a l , Swiss Bank Index, Financial Times Ordinary, NYSE Composite



FEDERAL RESERVE statistical release
••%LR£S^.October 15, 1993

H.10(512)

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

OCTOBER 15, 1993

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
^AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
^IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
*UNITED KINGDOM
MEMO:
**UNITED STATES

MONETARY
UNIT
DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
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

DOLLAR

Oct. 11

H

O

L

I

D

A

Y

(CURRENCY UNITS PER DOLLAR)
Oct. 14
Oct. 13
Oct. 12

Oct. 15

0.6590
11.230
34.780
1.3312
5.8013
6.4550
1.1850
5.6825
5.6070
1.5970
232.75
7.7255
31.530
1.4660
1577.50
105.95
2.5430
1.7963
0.5521
6.9950
165.35
1.5635
3.4210
815.40
129.95
48.880
7.9050
1.3995
26.851
25.190
1.5320

0.6613
11.295
35.100
1.3293
5.8013
6.5150
1.1785
5.7000
5.6610
1.6035
233.77
7.7280
31.530
1.4580
1585.00
106.02
2.5437
1.8038
0.5518
7.0525
166.60
1.5668
3.3980
814.60
130.40
48.860
7.9200
1.4058
26.845
25.170
1.5223

0.6630
11.360
35.470
1.3267
5.8013
6.5590
1.1710
5.7500
5.6960
1.6140
234.95
7.7270
31.530
1.4505
1591.75
107.43
2.5435
1.8153
0.5516
7.0925
167.45
1.5688
3.3660
813.80
131.00
N. A.
7.9340
1.4227
26.845
25.180
1.5127

0.6620
11.360
35.530
1.3317
5.8013
6.5720
1.1705
5.6900
5.7220
1.6149
236.30
7.7258
31.530
1.4525
1586.75
107.08
2.5435
1.8168
0.5500
7.0990
167.60
1.5692
3.4375
813.60
130.65
48.870
7.8720
1.4270
26.870
25.230
1.5120

91.52

91.93

92.54

92.57

*VALUE IS U.S. DOLLARS
**INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1973 = 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.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (202) 482-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (202) 452-3244.