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DATA FILE
-m'SS,....
fi£ ChlCAfifl
4x
V
W
Selected Interest &
Exchange Rates
Weekly Series of Charts
October 22,1984
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
RATIO SC
MARCH 1973== 100
ALE
573=100
1160
—
JAPANESE YEN
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
140
1
120
100
"
i
l
80
l
240
SWISS FRANC
CANADIAN DOLLAR
200
~
^
—
—
A
„
160
140
i
i
i
I
I
toh,
I
120
160
GERMAN MARK
140
DUTCH GUILDER
120
100
80
120
100
-V\
U.K. POUND
iFRENCH FRANC
—
80
70
60
50
-
40
11 I I I h i l l i
70
60
BELGIAN FRANC
Vx
IITALIAN LIRA
-
50
40
35
30
25
I IIIIIIIIII
1982
1984
1982
1984
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM ( • ) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
6
24
ITALIAN LIRA
-
CANADIAN DOLLAR
-
i ill i h i III
24
DUTCH GUILDEP
U. K. POUND
rw
I
I
I
I
I
I
MlMlMlM
6
15
A
SWISS FRANC
-
GERMAN MARK
—
I
I
I
16
FRENCH FRANC
-
12
JAPANESE YEN
-
1982
1984
1982
1984
8
CHART 3
e
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
r
U.S. DOLLARS PER FINE OUNCE
U.S. DOLLARS PER FINE OUNCE
600
600
550
550
12.5 Kg BARS
AFTERNOON FIXING PRICE
500
500
450
450
400
400
350
350
300
300
i I i i I i i I i i I i
250
1981
1982
1983
J_L
1984
250
CHART 4
CALL MONEY RATES
WEEKLY SERIES
•NT PER ANNUM
PERCENT PER Al
28
24
20
24
FRANCE
20
16
U . S . FEDERAL FUNDS
16
12
12
8
JAPAN
8
4
4
0
24
24
CANADA
20
20
EURO-SWISS
FRANC
16
16
12
12
8
8
4
4
0
+
0
24
20
20
16
+
U. K. 2-DAY LOCAL AUTHORITY
GERMANY
16
12
8
12
EURO-DM
4
8
0
4
1982
1984
1982
1984
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANN
PER ANNUM
22
18
CANADIAN FINANCE CO
PAPER
U . S . CD S
14
10
WEIGHTED AVERAGE
FOREIGN RATE
6
20
U.K. INTERBANK STERLING
GERMAN INTERBANK RATE
16
i
12
I IIlull IIII
8
11
SWISS INTERBANK R A T E
9
JAPANESE BANK
LOANS AND DISCOUNTS
7
llllllllllllll
5
1982
1984
1982
1984
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
24
24
OVERNIGHT
3-MONTH
7-DAY
6-MONTH
1-MONTH
1-YEAR
1982
1984
1982
1984
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
26
26
-
22
FEDERAL FUNDS
18
14
18
3-MONTH
E U R O - D O L L A R DEPOSITS
-
OVERNIGHT
10
22
90-DAY CD S
E U R O - D O L L A R DEPOSITS
! \
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
-
14
-
10
I I I I I
IDIFFERENTIAL
-
DIFFERENTIAL
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
1982
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
1984
I
I
I
I
I
1982
I
I I I I I I I I I I I
I I I I I I I I I I I
1984
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
28
EURO-DOLLAR DEPOSITS
20
20
DASHED LINE
CANADIAN FINANCE
CO. PAPER, COVERED
INTERBANK STERLING
COVERED LONDON
-
U. S. COMMERCIAL PAPER
4
2
DIFFERENTIAL
DIFFERENTIAL
2
+
0
2
I
I
I
I
I
I
I i 1 I I 1 M 111 1 1 1 11 1 I 1 1 1 1
28
28
SWISS INTERBANK (SF) COVERED
INTERBANK DM
20
20
COVERED FRANKFURT
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
—DASHED LINE
2
2
DIFFERENTIAL
DIFFERENTIAL
+
0
2
1982
1984
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
1982
1984
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER Ah
:NT PER ANNUM
19
—
»i
ICANADA
UNITED STATES
15
-
11
I
7
I
I
I
I
I
I I
IIIIIIIII
15
UNITED KINGDOM
SWITZERLAND
11
—
I
7
13
I
I
I I
"
IIIIIIIII
MONTHLY
GERMANY
JAPAN
-
9
"
I
5
22
U. S. CORPORATE
I
I
I
I
I
MONTHLY
FRANCE
18
Aaa BONDS
14
10
NETHERLANDS
MONTHLY
6
1982
1984
1982
1984
CHART 10
INDUSTRIAL STOCK INDICES
W E E K L Y SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
240
200
—
160
-
UNITED STATES
„J
v
*vVv/
120
—
—
—
-
-
r
V
JAPAN
\
240
/x/ v
—
V
-
200
-
160
i
i
i
I
i
r
I
—
—
,
UNITED KINGDOM
130
-
90
-
/
I
I
i i l i i l n l i i
I
I
I
I
I
I l i l l l l l l l l
I
—
V
210
—
v V S /
170
FRANCE
—
.
70
120
i
210
170
—
-
-
—
—
I l i l l l l l l l l
j
/F
1
I
[\f*
I
I
!
I
I
-
130
-
90
I l i l l l l l l l l
190
150
GERMANY
-
f
^
SWITZERLAND
-
-
-
110
-
-
I
70
I
I
Ilillllllll
i
i
i
I
I
I
Ilillllllll
—
180
I
NETHERLANDS
ir W y \
J
140
100
—
-
V
CANADA
—
-
-
80
60
-
-
I
I
I
I
I
1982
I
iiiniiiiii
1984
-
I
I
I
I
I
1982
I
1984
70
LAST VALUE PLOTTED
DATE
VALUE
SESJES NAME
I
CHART 1, SPOT EXCHANGE BATES AND INDICES
WEEKLY AVERAGES, NOON BUYING RATES
(U.S. CENTS)
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U. K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
INDICES, MARCH 1973 BASE RATES =
OCT. 17
OCT. 17
OCT. 17
OCT. 17
OCT. 17
OCT. 17
OCT. 17
OCT. 17
OCT. 17
WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR
(G-10 COUNTRIES PIUS SWITZERLAND)
CHART 2, 3-MONTH FORWARD EXCHANGE
K
f
CANADIAN DOLLAR
U.K. POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
J A P A N E S E YEN
ITALIAN LIRA
3 2. 03
0.40226
28.42
121.23
75.59
10. 45
39.04
1.58568
0.05195
1 1.41
100
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
U.S. DOLLAR
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U. K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
17
17
17
17
17
17
17
17
17
17
90. 10
105. 32
81. 59
49. 03
75. 34
47. 10
125. 59
62..48
29. 51
1973 = 100
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
17
17
17
17
17
17
17
17
17
17
17
149. 41
128. 83
150. 98
112. 79
64. 54
103. 61
61. 44
174. 99
85. 01
37. 77
68, 42
17
17
17
17
17
17
17
17
-1. 07
0. 55
5. 22
-0. 37
5. 54
4. 84
4. 88
-4. 89
TES, PREMIUM OS DISCOUNT
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
SEBIES NAME
LAST VALUE PLOTTED
DATE
VALUE
CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING
U.S. DOLLARS PER FINE OUNCE
OCT.
17
339. 14
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
JAN.
OCT.
17
17
19
12
19
19
19
19
1
19
10. 22
10. 23
10. 88
12. 16
5. 60
5. 47
6. 00
11. 00
10.30
2. 32
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
17
17
17
17
17
17
17
10.61
6.05
6.31
12.08
10.61
5.35
8.82
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
1
1
1
1
1
1
10.23
10.39
10.59
CHART 4, CALL HONEY RATES
U.S. FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR DEPOSITS
U.K.
CANADA
GERMANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC
CHART 5. 3-MONTH INTEREST RATES
U.S. 90-DAY CD'S, SECONDARY MARKET
GERMAN INTERBANK LOAN
JAPANESE BANK LOANS 6 DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN INTEREST S A T E
{G-10 COUNTRIES PLUS SWITZERLAND)
CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-DAY
1—MONTH
3-MONTH
6-MONTH
1-YEAR
11.00
11.31
11.66
CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS
U.S. FEDERAL FUNDS
DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS
OCT. 17
OCT. 17
OCT. 17
10.23
3-MONTH EURO-DOLLAR DEPOSIT RATE
U.S. 90-DAY CD'S, SECONDARY MARKET
DIFFERENTIAL
OCT. 17
OCT. 17
OCT. 17
11.00
10.22
0.01
10.61
0.39
#
SERIES NAME
LAST VALUE PLOTTED
DATE
VALUE
CHART 8, INTEREST ARBITRAGE, 3-MOSTH FUNDS
EURO-DOLLAR DEPOSIT
INTERBANK STEELING (LONDON), COVERED
DIFFERENTIAL
OCT. 17
OCT. 17
OCT. 17
11. 00
11. 17
— 0. 57
U.S. COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
OCT. 17
OCT. 17
OCT. 17
10. 33
10. 98
-0. 65
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
OCT. 17
OCT. 17
OCT. 17
11. 00
11. 35
-0. 75
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, COVERED
DIFFERENTIAL
OCT. 17
OCT. 17
OCT. 17
11. 00
10. 96
- 0 . 36
12
14
12. 33
7. 59
6. 80
4. 82
12. 66
13. 49
8. 52
9. 97
CHART 9. LONG TEEM GOVERMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
OCT.
SEPT.
SEPT.
OCT.
OCT.
AUG.
MAY
OCT.
5
12
24
12
U.S. C O R P O R A T E
AAA BONDS
EURO-DOLLAR BONES
CHART 10.
JULY
NOV.
13,44
10.29
STOCK INDICES
UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
10
10
10
10
10
10
10
10
168. 75
190. 57
233. 53
157. 45
125. 20
166. 59
183. 14
220. 28
•mm:-.
FEDERAL RESERVE statistical release
.fGnse
OCTOBER
H.10 (512)
19, 1984
FOREIGN EXCHANGE RATES
FOR THE WEEK E N D I N G
OCTOBER
19, 1984
• 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:
MONETARY
UNIT
COUNTRY
•AUSTRALIA
DOLLAR
AUSTRIA
SCHILLING
BELGIUM
FRANC
CRUZEIRO
BRAZIL
CANADA
DOLLAR
YUAN
CHINA, P. R.
DENMARK
KRONE
FINLAND
MARKKA
FRANCE
FRANC
GERMANY
D. HARK
GREECE
DRACHMA
^ O N G KONG
DOLLAR
RUPEE
M D I A
POUND
*TR BLAND
ISRAEL
SHEKEL
ITALY
LIRA
JAPAN
YEN
RINGGIT
MALAYSIA
PESO
MEXICO
GUILDER
NETHERLANDS
DOLLAB
•NEW Z E A L A N D
NOR8AY
KRONE
PESO
PHILIPPINES
PORTUGAL
ESCUDO
SINGAPORE
DOLLAR
•SOOTH AFRICA
RAND
WON
SOUTH KOREA
PESETA
SPAIN
RUPEE
SRI LANKA
KRONA
S1EDEN
FRANC
SWITZERLAND
DOLLAR
TAIWAN
BAHT
THAILAND
•UNITED KINGDOM P O U N D
BOLIVAR
VENEZUELA
MEMO:
•UNITED STATES
DOLLAR
OCT.
15
82.93
22.050
63.420
2407.00
1.3237
2.6720
11.3450
6.4750
9.6150
3.1350
128.050
7.8315
12.0200
98.83
NA
1934.00
248.80
2.4125
201.0000
3.5315
48.280
9.0060
NA
164.500
2.1730
56.15
821.10
174.950
25.902
8.7960
2.5720
39.180
23.020
120.95
NA
149.91
(CURRENCY U N I T S PER D O L L A R )
OCT. 16
OCT. 17
82.92
22.055
63.400
2449.00
1.3264
2.7147
11.3150
6.4700
9.6100
3.1400
128.000
7.8330
12.1000
99.01
NA
1933.00
248.98
2.4200
201.2500
3.5375
48.370
9.0175
NA
164.850
2.1695
55.90
822.10
175.150
25.973
8.8025
2.5690
39.200
23.020
120.35
NA
150.09
83.09
21.915
63.000
2449.00
1.3272
2.7147
11.2750
6.4380
9.5575
3. 1210
128.000
7.8260
12.1100
99.35
NA
1922.00
249. 10
2.4125
201.2500
3.5190
48.280
9.0000
NA
164.000
2.1665
55.90
822.70
174.650
25.973
8.7900
2.5580
39. 220
23.020
120.04
NA
149.62
OCT.
18
83. 14
21.890
62.970
2449.00
1.3284
2.7147
11.2400
6.4850
9.5600
3.1190
127.900
7.8260
12.1000
99.50
NA
1923.00
248.90
2.4150
202.0000
3.5180
48.180
9.0000
NA
164.250
2.1690
56.05
821.70
174.850
25.973
8.8000
2.5540
39.240
23.020
118.70
NA
149.80
OCT.
19
83.36
21.650
62.110
2493.00
1.3228
2.6984
11.0950
6.3975
9.4450
3.0720
127.250
7.8275
12.0400
100.68
NA
1894.00
247.25
2.4300
202.7500
3.4660
48.320
8.9220
NA
164.000
2.1680
56. 10
822.30
173.200
25.973
8.7130
2.5335
39.260
23.020
119.15
NA
148.21
(INDEX OF W E I G H T E D A V E R A G E E X C H A N G E V A L U E OF 0.S. D O L L A B A G A I N S T C U R R E N C I E S OF OTHER G-11
C O U N T R I E S . M A R C H 1973 = 100. W E I G H T S A R B 1972-76 G L O B A I T R A D E OF EACH
OF T H E 10 C O U N T R I E S .
IBS R E V I S E D AS O F A 0 G 0 S T 1978. FOR D E S C R I P T I O N AND BACK D A T A , SEE "INDEX OF THE
^ R G H T E D - A V E R A G E E X C H A N G E V A L O B OF T H E U.S. D O L L A B : R E V I S I O N " ON PAGE 700 OF T H E ADG0ST
1978 F E D E R A L R E S E R V E B U L L E T I N .
• V A L U E IS U.S. C E N T S
@FedFRASER