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(516/517) m7,» Selected Interest & Exchange Rates Weekly Series of Charts O c t o b e r 19, 1 9 8 7 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 !0. 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 S C A L E MARCH 1 9 7 3 = 1 0 0 RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 200 180 FOREIGN CURRENCY PRICE OF U.S. DOLLAR _ ITALIAN LIRA - 50 45 40 / V - s/V | | | I I I ill,||,|,| I - 35 - 30 - 25 i ill i h i l l i — - — Y X J * ~ 180 — JAPANESE YEN GERMAN MARK 20 200 — 160 - - 140 - 120 — 100 I I | I I | I I | I I I I ll I ll I ll I 80 160 — 140 DUTCH GUILDER CANADIAN DOLLAR 120 r* — — 100 - 90 - 80 - 70 — I 1 1 1 I I i i h i h i h i 60 90 * U.K. POUND - — FRENCH FRANC - yS - \^/V i i i V 60 - 50 i IIIII111 ll I i ~ BELGIAN FRANC SWISS FRANC / 100 80 - - - 70 - 60 - J\l i ill i h i l t i 50 1985 1987 1985 40 — 200 r\S 90 70 240 — — •y ^ - A n 80 180 160 140 — 120 II111111ll I 100 1987 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM PERCENT PER 4 JAPANESE YEN CANADIAN DOLLAR + 0 4 8 4 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 + 0 4 4 + 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 480 460 440 440 12.5 Kg BARS AFTERNOON FIXING PRICE 420 400 400 380 380 360 340 340 320 300 300 280 280 260 260 1984 1985 1986 1987 CHART 4 CALL MONEY RATES WEEKLY SERIES rcnvcn • rcn Mm r PER ANNUM 16 FRANCE U. S. FEDERAL FUNDS 12 - 8 4 V-v JAPAN I 0 I I I I I 16 CANADA 12 8 GERMANY 4 0 16 SWITZERLAND 12 8 4 NETHERLANDS 0 1985 1987 1985 1987 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 14 12 - 10 - 8 CANADIAN FINANCE CO. PAPER U . S . CD'S — 14 \ \ - - - 12 - 10 / z=J — WEIGHTED AVERAGE FOREIGN RATE 6 16 — I I I I I ~~ 1 i i l i i l n h i I 8 6 FRENCH INTERBANK RATE U.K. INTERBANK STERLING NETHERLANDS INTERBANK RATE I I I I I ... (V — GERMAN INTERBANK RATE 1 1 1 I 2 1 1 1 8 10 SWISS INTERBANK RATE • „ JAPANESE GENSAKI RATE - ~ 6 ^ / A v A ^ - ^ ^ — ^ — 4 w 2 I I 1985 I I IIIIIIIIII I IIIIIM III 1987 I I I I I 1985 I 1987 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN T 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 II II I I 4 1985 1987 1985 4 1987 w 7 SELECTED EURO-DOLLAR AND U. S, MONEY MARKET RATES DEFERENTIAL: PLUS(+). FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 16 16 14 14 - 12 - 90-DAY CD' S FEDERAL FUNDS 10 - 8 - 12 DASHED LINE DASHED LINE 10 3-MONTH OVERNIGHT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS i i I i i I i i I i i I i i I n I i i I i i I I I I I I I I I I I I II I I I II I — DIFFERENTIAL DIFFERENTIAL — ' I I I I I I I 111111111111 f 111111111M 1985 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1987 I I I I I 1985 I V 11111111111 11111111111 1987 4 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON EURO-DOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE ill 2 2 DIFFERENTIAL DIFFERENTIAL INTERBANK DM SWISS INTERBANK (SF) COVERED 0 2 18 14 COVERED FRANKFURT 10 6 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 2 2 0 2 1985 1987 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 1985 1987 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER Al ENT PER ANNUM 16 16 CANADA UNITED STATES 14 — 14 12 12 10 10 8 - I 6 I I I I I 6 14 12 8 10 UNITED KINGDOM I 10 6 8 4 6 2 8 10 GERMANY 6 SWITZERLAND 8 4 6 2 4 17 17 U. S . 15 CORPORATE MONTHLY FRANCE 15 Aaa BONDS 13 13 11 11 NETHERLANDS MONTHLY 9 9 7 7 5 5 1985 1987 1985 1987 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES 1969= CALE RATIO 196 00 500 400 UNITED KINGDOM 300 f UNITED STATES - 200 100 I I I I I I 650 550 - - - - 450 350 FRANCE J 250 150 I I I I I I I I I I I I I I I I 500 / 400 SWITZERLAND - A y \ r 300 — 200 I I 1 1 1 i i 500 400 NETHERLANDS 300 f \ r \ V * v - GERMANY - A / A . / W / ^ - 200 100 I I I I I 1985 I 11 l i i h i l l 1987 i I I I I I 1985 I 1987 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE BATES AMD INDICES MEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE IBM DUTCH GUILDEB 0. K. POOHD CANADIAN DOLLAR FRENCH FRANC SHISS FRANC BELGIAN FRANC ITALIAN LIRA SHEDISH XBONA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 14 14 14 14 14 14 14 14 14 14 55.03 0. 69538 48. 89 164.83 76.58 16.52 66. 24 2. 64674 0.07625 15.66 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 14 14 14 14 14 14 14 14 14 154.80 182.07 140.36 66.67 76.33 74.44 213. 10 104.29 43.32 14 14 14 14 14 14 14 14 14 14 14 97.28 164. 34 190.94 140. 42 62.41 73.02 70.24 212.99 102. 17 39.70 66.96 14 14 14 14 14 14 14 14 -1.48 -1.35 3.92 -0.05 4,32 2.81 4.02 -4.39 INDICES, MARCH 1973 BASE RATES = 100 GERMAN BARK JAPANESE XEN DUTCH GUILDER O.K. POUND CANADIAN DOLLAR FRENCR FRANC S U S S FRANC BELGIAN FRANC ITALIAN LIRA BEIGBTED AVERAGE EXCHANGE VALUE INDICES, MAS 1973 (G-10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN BARK JAPANESE TEN DUTCH GUILDER U. K. POUND CANADIAN DOLLAR FRENCH FRANC SHISS FRANC BELGIAN FRANC ITALIAN LIRA SHEDISH KEONA 100 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. CHART 2. 3-MONTH FORMARD EXCHANGE BATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SHISS FRANC DUTCH GUILDER JAPANESE IBM ITALIAN LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SERIES NAME LAST VALUE PLOTTED DATE VALUE CH1ET 3. GOLD EBICS II LOIDOV. liIEB800S FIXING U.S. D01I.1BS PUB rilE 00ICE OCT. 14 460.39 CHART 4. CALL HOHEI BATES 0. S. PEDESAL PONDS WLMMIETL>IE OVERNIGHT EURO—DOLLAR DEPOSITS O.IU CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND OCT. 14 OCT. 14 OCT..14 OCT. 14 OCT. 14 OCT. 14 OCT. 14 OCT. 14 OCT. 14 7.59 7.39 9.35 9.36 3.?8 3.29 7. $6 5.30 1.00 CHART 5. 3—MONTH INTEREST RATES U.S. 90-DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SMISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G—10 COUNTRIES PLOS SWITZERLAND) 8.47 4.83 3.99 i 9.72 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 14 14 14 14 14 14 14 14 14 OCT. OCT. OCT. OCTOCT. OCT. 14 14 14 14 14 14 7.39 7.53 7.79 8.69 8.84 9.25 OCT. 14 OCT. 14 OCT. 14 7.39 7.59 10. 4. 0 < 8.11 5.83 6.72 CHART 6. EURO-DOLLAR DEPOSIT BATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO—DOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL 3-MONTH EURO-DOLLAR DEPOSIT RATE 0.5. 90-DAY CD'S, SECONDARY MARKET DIFFERENTIAL OCT. 14 OCT. 14 OCT. 14 -0.20 8.69 8$..11 >• 04 SEBIES NAME LAST VALUE PLOTTED DATE VALUE CHART 8. INTEREST ARBITRAGE, J-MONTH FUNDS BUBO-DOLLAR DEPOSIT INTERBANK STERLING (.LONDON), COVERED DIFFERENTIAL OCT. 14 OCT. 14 OCT. 14 8.69 8.71 -0.02 U.S. COMMERCIAL PAPER CANADIAN FINANCE PAPER* COVERED DIFFERENTIAL OCT. 14 OCT. 14 OCT. 14 8.31 8.09 0. 22 EURO-DOLLAR DBPOSII INTERBANK DM (FRANKFURT) , COVERED DIFFERENTIAL OCT. 14 OCT. 14 OCT. 14 8. 69 8.73 -0.04 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT. 14 OCT. 14 OCT. 14 8.69 8. 29 0. 40 CHART 9. LONG TERM GOVBRMENT BOND YIELDS UNITED STATES GERMANY JAPAN SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM OCT. 9 OCT. 2 OCT. 2 SEPT. 25 OCT. 2 OCT. 9 AUG. OCT. 9 9. 78 6. 58 5. 76 4. 32 11.08 10. 67 6. 56 9.71 U.S. CORPORATE AAA BONDS CHART 10. 9.33 STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN MAY OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 7 7 7 7 7 7 7 7 343.87 407.50 380. 16 276.35 243.66 309.27 407.73 562.48 * nt GOVA- FEDERAL RESERVE statistical release OCTOBER 16, 1987 H.10(512) FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 16, 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 •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 •SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM MEMO; tUNITED STATES MONETARY UNIT 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 DOLLAR OCT. 12 H 0 L I D A Y 0.25 (CURRENCY UNITS PER DOLLAR) OCT. 14 OCT. 13 OCT. 15 OCT. 16 72.21 12.820 37.870 1.3060 3.7314 6.9925 4.3870 6.0670 1.8210 139.750 7.8065 13.0800 147.50 1314.00 143.75 2.5375 2.0495 66.020 6.6575 144.000 2.0970 48.35 809.20 120.770 30.340 6.3975 1.5096 30.030 25.780 164.70 72.32 12.755 37.690 1.3060 3.7314 6.9500 4.3675 6.0350 1.8113 139.100 7.8080 13.0500 148.30 1307.00 142.75 2.5350 2.0380 63.900 6.6280 143.400 2.0950 48.65 809.30 120.050 30.335 6.3690 1.5015 30.030 25.820 165.30 72.76 12.672 37.530 1.3009 3.7314 6.9160 4.3520 6.0105 1.8010 138.500 7.8025 13.0500 149.00 1302.00 142.15 2.5265 2.0265 64.670 16.5990 142.150 2.0922 48.80 809.00 118.300 30.327 6.3450 1.4900 30.030 25.770 166.40 72.10 12.682 37.500 1.2985 3.7314 6.9175 4.3600 6.0120 1.8015 138.700 7.8025 13.0700 148.95 1300.50 142.75 2.5265 2.0270 64.950 6.6065 142.350 2.0922 48.65 808.50 117.500 30.363 6.3560 1.4930 30.030 25.760 166.45 97.42 96.95 96.47 96.51 COUNTRIES. MARCH 1973 = 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
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