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(516/517) LIBRARY Fftf S U c « * m Z ° C T 2 51985 t 8 - « <«r Selected Interest & Exchange Rates Weekly Series of Charts October 21, 1985 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY ILE 73=100 MARCH RATIO MARCH 197 180 160 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR 140 ,— JAPANESE YEN 120 f - 100 80 " i l l I I I , , , , , 120 CANADIAN DOLLAR SWISS FRANC 100 - 80 70 60 \ l 50 ~ ii 11 H i ill i 160 GERMAN MARK 140 DUTCH GUILDER 120 100 80 I 70 I I I I I III, I lul,,111111111111 I 100 FRENCH FRANC U.K. POUND 80 70 60 50 I 40 120 I I I I I — BELGIAN FRANC ITALIAN LIRA 100 - \ A 80 . I . 70 60 50 I I I I I 1983 I 11111111111 11111111111 1985 l I l I I 1983 I 11111111111 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 6 CANADIAN DOLLAR - \ l - - - - - ITALIAN LIRA - \\ A 24 12 — A U. K. POUND - DUTCH GUILDER - - 6 \ 0 12 GERMAN MARK - \ SWISS FRANC - \ ^ \ / ^ - - 0 16 FRENCH FRANC 12 JAPANESE YEN 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 - 560 - 560 520 520 - 480 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 440 400 400 - 360 - 320 320 - 280 280 240 240 360 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANI IT PER ANNUM 24 20 FRANCE 16 U. S. FEDERAL FUNDS 12 8 JAPAN 4 0 24 20 16 SWITZERLAND CANADA K - 12 8 4 - - + 0 I 4 I I 20 16 12 - - GERMANY 8 A * . — • NETHERLANDS 4 I IIIIIIIIII I I I II I I I 0 . 1983 1985 1983 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER ANNUM PERCENT PER 16 18 14 16 12 CANADIAN FINANCE CO. PAPER U.S. CD'S 14 10 8 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 16 12 14 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 10 12 8 10 6 8 4 17 11 15 NETHERLANDS INTERBANK RATE FRENCH INTERBANK RATE 9 13 7 11 5 9 3 8 10 JAPANESE GENSAKI RATE 8 SWISS INTERBANK RATE 7 6 6 4 2 5 1983 1985 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 24 24 20 20 3-MONTH 16 OVERNIGHT 12 8 4 24 24 20 20 16 7-DAY 6-MONTH 12 8 4 24 24 20 20 16 1-MONTH 1-YEAR 12 8 4 1983 1985 1983 1985 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: FLUSH, FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 20 20 18 18 16 16 14 FEDERAL FUNDS 14 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 1 1 1 1 1 1 1 1 1 1 1 1 i i I i i 11111 ' i i I i i I i 11 i i I i i I i i I i — — DIFFERENTIAL DIFFERENTIAL - - - I I I II111111111 1983 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 RATE S C A L E I I 1 1 I 1 1 1 1 1 11 11 1 1 i ! 1 ! 1 1 1985 1983 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 22 18 22 M A 14 10 - - 18 A - CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS K -A DASHED LINE IA 14 kJVW A 10 " INTERBANK STERLING 6 COVERED LONDON — U. S. COMMERCIAL PAPER 1 2 1 1 MIIIIMIM 6 iiliiinln DIFFERENTIAL DIFFERENTIAL r-yv^V-~ 2 111111111II 22 4 22 18 18 14 SWISS INTERBANK (SF) COVERED INTERBANK DM 14 COVERED FRANKFURT 10 10 EURO-DOLLAR DEPOSITS DASHED LINE EURO-DOLLAR DEPOSITS DASHED LINE I I II I DIFFERENTIAL DIFFERENTIAL /V 1 1 1 WAvVA"rv /A VV-WA/ 1 1 1 1 1 1 1 1 1 1 1 1983 1985 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 RATE S C A L E 1983 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM > 19 19 CANADA UNITED STATES • 15 - v x 11 , # — I 7 I lllllllllll I UNITED KINGDOM - SWITZERLAND - - lllllllllll MONTHLY GERMANY JAPAN 5 22 U. S. CORPORATE MONTHLY - 18 FRANCE Aaa BONDS 14 - - \ NETHERLANDS MONTHLY 10 1983 1985 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 260 " 260 - 220 - 220 — UNITED STATES UNITED KINGDOM 180 — 140 - /A/V 100 I 260 — 220 - - A P f j - I I I | | | | | | | | L [ L|L L L L L L L L L I / NETHERLANDS • 140 A I I I I | | A ~ - I I L I I L I I L I I ~ - A — j\j\J — Y - - A ^ - f \ J - 140 - - I I LLLLLLLLLLL 260 — j r f GERMANY - 100 I I I I I I I II III III II 220 - - 180 — 140 80 I I L I I L I I L I I - SWITZERLAND I I L L I I H I L I I H I - 140 — 100 LLLLLLLLLLL 80 CANADA JAPAN 1983 1985 260 — /- — 180 100 80 - I 220 V 80 220 100 - 180 . / V FRANCE 100 - 180 v\i 260 180 140 YV 1983 1985 L A S T VALUE PLOTTED DATE VALUE SERIES NAME CHART 1. S P O T E X C H A N G E B A T E S AND I N D I C E S WEEKLY A V E R A G E S , NOON BUYING BATES (U.S. CENTS) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN F R A N C ITALIAN LIRA SWEDISH KBONA INDICES, MARCH 1973 BASE BATES = OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 37. 52 0.46362 33.28 141.07 73. 03 12,31 45.70 1.85067 0.05556 12. 50 100 GEBMAN MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS F R A N C BELGIAN F R A N C ITALIAN L I R A WEIGHTED A V E R A G E EXCHANGE VALUE INDICES, MAS 1973 = (G- 10 C O U N T R I E S P L U S SWITZEBLAND) U. S. DOLLAR G E B M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FBANC SWISS F R A N C BELGIAN F R A N C ITALIAN LIB A SWEDISH KBONA 16 16 16 16 16 16 16 16 16 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 105.54 121.39 95.54 57.06 72.79 55.45 147.04 72.93 31.56 100 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 16 16 16 16 16 16 16 16 16 16 16 131.30 138. 13 158.26 120.00 68.33 89.64 65.94 185-70 90.04 36.47 67.82 16 16 16 16 16 16 16 16 -0. 49 -3. 22 3. 53 -2. 09 3. 68 2. 29 1. 73 -5. 73 CHART 2. 3 - M O N T H F O R W A R D EXCHANGE R A T E S , PREMIUM OB D I S C O U N T CANADIAN DOLLAR U.K. POUND GEBMAN MARK FRENCH FRANC SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN ITALIAN LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SEBIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING D.S. DOLLARS PEE FINE OUNCE OCT. 16 325.68 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 16 16 16 16 16 16 16 16 16 8.03 8.00 11.60 8. 50 4.49 6.31 9.36 5.71 0.97 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 16 16 16 16 16 16 16 16 16 7.92 4.71 6.34 8.72 11.50 4.50 9.36 5. 80 7.73 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 OCT. 16 8.00 8.00 8.00 8. 13 8. 25 8.63 4. CALL MONEY B A T E S U.S. FEDERAL FUNDS O V E R N I G H T EURO-DOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND 5. 3-MONTH I N T E R E S T RATES U.S. 90-DAY CD'S, SECONDARY MARKET G E R M A N INTERBANK LOAN J A P A N E S E GENSAKI RATE C A N A D I A N FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK R A T E NETHERLANDS INTERBANK R A T E WEIGHTED A V E R A G E FOREIGN INTEREST R A T E (G-10 COUNTRIES PLUS SWITZERLAND) 6. EURO-DOLLAR DEPOSIT R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 7. SELECTED EURO-DOLLAR AND U.S. MONEY M A R K E T R A T E S OVERNIGHT EURO-DOLLAR DEPOSITS U.S. F E D E R A L FUNDS DIFFERENTIAL OCT. OCT. OCT. 16 16 16 8.00 8.03 -0.03 3-MONTH EURO-DOLLAR DEPOSIT R A T E U.S. 90-DAY CD'S, SECONDARY M A R K E T DIFFERENTIAL OCT. 16 OCT. 16 OCT. 16 8. 13 7.92 0.21 S E R I E S NAME LAST VALUE SLOTTED DATE VALUE CHART 8. INTEREST A R B I T R A G E , 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), C O V E R E D DIFFERENTIAL OCT. OCT. OCT. 16 16 16 8. 13 8. 19 - 0 . 06 U.S. C O M M E R C I A L PAPER C A N A D I A N F I N A N C E PAPER, C O V E R E D DIFFERENTIAL OCT. OCT. OCT. 16 16 16 7. 86 8. 23 - 0 . 35 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), C O V E R E D DIFFERENTIAL OCT. 16 OCT. 16 OCT. 16 8. 13 8. 28 - 0 . 16 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL OCT. OCT. OCT. 16 16 16 8. 13 8. 22 - 0 . 09 OCT. 11 OCT. 11 JAN. OCT. 4 OCT. 4 AUG. 23 JUNE OCT. 4 10-37 6.46 6.29 4.73 10.97 11.99 7.39 9.82 CHART 9. LONG TERM GOVEBHENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. C O R P O R A T E AAA B O N D S CHART 10. 11.07 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN SEPT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 9 9 9 9 9 9 9 9 188.32 221.39 259.98 233.78 162.43 222.80 207.18 273.99 FEDERAL RESERVE statistical release H.10(512) =aMjg: OCTOBEH Iti, 1985 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING 0CT0BB8 18, 1985 The Board of Govemors 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 HONETABI UNIT •AUSTRALIA AUSTRIA BELGIOM BRAZIL CANADA CHINA# P.R. DENMARK FINLAND FRANCE GERMANY GREECE BONG KONG INDIA •IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS • NEW ZEALAND NORWAY PORTUGAL SINGAPORE •SOUTH AFRICA SOOTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE BSCUDO DOLLAR RAND HON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND MEMO: *UNITED STATES DOLLAR OCT. 14 iCoaaENCi puis pee dqllab> OCT. 15 OCT. 16 OCT. 17 OCT. 18 70,00 18.704 53.900 8135,00 1.3703 3.0536 9.6485 5.7100 8.1145 2.6625 156.050 7.7940 12.0900 116.20 1799.00 215.45 2.4610 393.0000 3.0010 58.800 7.9270 164.500 2.1415 36.40 894.30 162.000 27.406 7.9830 2.1830 40.160 26.580 141.28 69.90 18.850 54.320 8170.00 1.3710 3.0658 9.7260 5.7460 8.1800 2.6850 157.250 7.8065 12.1000 115.35 1814.00 217.30 2.4640 384.5000 3.0270 57.850 8.0070 165.700 2.1455 36.25 894.70 163.400 27.426 8.0350 2.2050 40. 150 26.580 140.75 70.31 18.583 53.590 8205.00 1.3664 3.0b58 9.6030 5.6990 8.077b 2.6465 155.200 7.8010 12.0800 116.90 1768.00 215.15 2.4625 390.0000 2.9880 57.900 7.9530 163.700 2.1415 38. 10 895.20 161.500 27.427 7.9660 2.1750 40.150 26.700 141.40 70.47 18.525 53.490 8240.00 1.3651 3.0627 9.5600 5.6850 8.0475 2.6375 154.800 7.7960 12.0900 117.35 1782.50 215. 15 2.45*0 407.0000 2.9765 58.200 7.9550 163.600 2. 1400 38.00 895.00 161.450 27.42J 7.9640 2. 1690 NA 26.650 142.80 131.45 132.38 130.96 130.51 •INDEX OF WEIGHTED AYEBAGB EXCHANGE VALOE Of U . S . DOLLAB AGAINST C0BBENCIE5 Of OTHEB G-10 COONTBIES. HABCH 1973 = 100. *EIGHTS ABE 1972-76 GLOBAL TBADE Of EACH Of THE 10 COONTBIES. SEBIES REVISED AS OF AD60ST 1978. FOB DBSCBIPTION AND BACK DATA, SEE e IND£X OF THE BSIGHTED-AVERAGE EXCHANGE VALOE Of THE U.S. DOLLAB: BEVISICB" ON PAGE 700 OF THE AfltiOST 1978 FEDEBAL BESEBfE BULLETIN. •VALOE IS O.S. CENTS
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