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(516/517)
Selected Interest &
Exchange Rates
Weekly Series of Charts
i
/
October 27,1986
J
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
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 1 9 7 3 = 1 0 0
RATIO SCALE
MARCH 1 9 7 3 = 1 0 0
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
ITALIAN LIRA
-
I
I
I
1 1 i i I ITTI i
—
— I 200
180
—
—
JAPANESE YEN
GERMAN MARK
Ar
160
- 140
j
-
-
-
-
120
100
i
i
i
I
I
I
11111111111
80
—
— D U T C H
CANADIAN DOLLAR
GUILDER
J
- 120
—-
—
140
100
-
—
90
-
-
80
70
I
90
—
I
I
I
I
I IIIIIIIIII
—
UK. POUND
80
-
70
-
FRENCH FRANC
-
60
- V
50
-
40
I
^ — x
-
I
I
I
I
I
I
I I I I I I I I I I M I l l l i l l I III
l
I
I
I
I
I
120
SWISS FRANC
BELGIAN FRANC
I ill ill ill I
1984
1986
1984
1986
60
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
DUTCH GUILDER
GERMAN MARK
4
I IIIIII
0
8
ITALIAN LIRA
FRENCH FRANC
24
24
32
http://fraser.stlouisfed.org/
i
i Reserve Bank of St. Louis
Federal
1984
1986
1984
1986
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. D
PER FINE OUNCE
U.S. DOLLARS PER FINE
520
520
500
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
:NT PER ANNUM
PERCENT PER At
20
20
16
16
FRANCE
U. S. FEDERAL FUNDS
12
12
8
8
4
4
JAPAN
0
0
20
20
16
SWITZERLAND
16
CANADA
12
12
8
8
4
4
0
0
20
20
16
16
UNITED KINGDOM
12
12
GERMANY
.8
4
8
4
NETHERLANDS
0
0
1984
1986
1984
1986
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERES
NT PER ANNUM
PERCENT PER AN IUM
14
16
.
U . S . CD'S
CANADIAN FINANCE CO.
PAPER
12
14
10
L
8
—
10
WEIGHTED AVERAGE
FOREIGN RATE
6
4
12
8
I
I
I
mL
I
I
I
I
I
I
I
6
16
14
FRENCH INTERBANK RATE
UK. INTERBANK STERLING
14
12
12
10
10
S
8
8
10
10
NETHERLANDS INTERBANK RATE
8
GERMAN INTERBANK RATE
8
8
6
-
4
I
2
I I I I II I I
I
I
I
I
I
2
I
8
8
7
4
SWISS INTERBANK RATE
JAPANESE GENSAKI RATE
A
6
,
.
6
A
V
A
^
-
2
5
I
4
4
1984
1986
I
I
I
I
1984
I
11111111111
1986
0
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER Al
ENT 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
DFFERENTlAL; P L U S M , FAVORS BORROWING IN U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
PERCENT PER ANNUM
16
16
-
14
14
3-MONTH
FEDERAL FUNDS
DASHED LINE
E U R O - D O L L A R DEPOSITS
12
12
10
-
10
-
6
90-DAY CD' S
OVERNIGHT
EURO-DOLLAR DEPOSITS
I
I
I
I
I
I
I
11111111111
1111
I I I I I I I I I I I I
4
2
DIFFERENTIAL
DIFFERENTIAL
I
I
I
I
I
i
111111111111111111111111
1984
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1986
i
I
I
I
I
1984
I
I I I I I II.I, i l l
I
111 I i l l
1986
1111
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
DASHED LINE
-
14
-
10
INTERBANK STERLING
COVERED LONDON
—
U. S. COMMERCIAL PAPER
I
DIFFERENTIAL
I
I
I
6
I I 11 I I I I I I I I I
DIFFERENTIAL
2
18
14
INTERBANK DM
—
SWISS INTERBANK (SF) COVERED
-
COVERED FRANKFURT
10
14
10
-
\
a
EURO-DOLLAR DEPOSITS
—•
EURO-DOLLAR DEPOSITS
DASHED LINE
I
I
I
DASHED LINE
I
I
I
I ill ill I III
I IIIIIIIIII
I
I
I
I
I
I
2
II M l i
2
DIFFERENTIAL
DIFFERENTIAL
1984
1986
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
1986
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
NT PER ANNUM
PERCENT PER AH
16
16
UNITED STATES
CANADA
14
—
-
12
14
12
10
—
'
\
—
8
10
8
I
6
I
I
6
9
15
13
UNITED KINGDOM
7
SWITZERLAND
5
11
3
9
I IiIIIl IIIIIIIIII
7
1
10
10
GERMANY
JAPAN
8
8
6
6
I
4
I
I
I
I
I
4
17
17
U. S. CORPORATE
15
MONTHLY
FRANCE
-
Aaa BONDS
15
13
13
11
\
-
-
11
NETHERLANDS
MONTHLY
9
V /X
-
-
7
7
5
9
I
1984
1986
I
I
I
I
1984
I
I I
I
I I
I
I I
1986
I
I I
5
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100
RATIO SCALE
1969=100
UNITED KINGDOM
UNITED S T A T E S
I IINil IIII
NETHERLANDS
SWITZERLAND
FRANCE
GERMANY
450
400
—
350
-
300
-
K \ ~~
/S
JAPAN
jT
-
150
100
350
300
-
-
250
—
-
200
—
150
—
I
I
nliihilii
I
1984
iihihihi
1986
400
-
—
CANADA
-
^
—
-
J
250
200
-
450
—
^
-
i
i
i
I
I
1984
I
i ill i III I n
H
|
11111
1986
111
100
LAST VALUE PLOTTED
DATE
VALUE
S E R I E S NAME
CHAa'I
1.
SPOT EXCHANGE h A T E S AND I N D I C E S
MEEKLY AVERAGES,
NOON BUYING BATES
(U.S.
GERMAN MARK
JAPANESE XEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAH
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
CENTS)
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
22
22
22
22
22
22
22
22
22
22
5 0 . 44
0.64585
44.62
143.32
71.91
15.40
6 1 . 49
2.42782
0.07287
14.62
I N D I C E S , MARCH 1 9 7 3 BASE RATES = 100
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIMA
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
22
22
22
22
22
22
22
22
22
1 4 1 . 90
1 6 9 . 10
1 2 8 . 10
5 7 . 97
7 1 . 68
6 9 . 41
197. 81
95. 67
4 1 . 40
WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1 3 7 3 = 100
{ t i - 1 0 COUNTRIES PLUS SWITZERLAND)
U . S . DOLLAR
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U.K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
CHART 2 .
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
22
22
22
22
22
22
1 0 5 . 64
1 6 0 . 04
189. 02
1 3 6 . 49
5 7 . 45
7 3 . 18
6 9 . 84
2 1 0 . 91
9 9 . 89
4 0 . 54
6 6 . 70
22
22
22
22
22
22
22
22
-2.61
-5.28
1.46
-2.60
2.07
0.61
1.09
-4.83
22
22
22
22
22
3—MONTH FORWARD EXCHANGE RATES, PREMIUM OS DISCOUNT
CANADIAN DOLLAR
U. K. POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
ITALIAN LIRA
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
LAST VALUE PLOTTED
DATS
VALUE
SERIES SAME
CHAET 3 .
GOLD PfilCE IN LONDON, AFTERNOON FIXING
U.S.
OCT. 2 2
DOLLARS PER FINE OUNCE
423.97
CHART 4 . CALL HONEY RATES
22
22
22
22
22
22
22
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
22
22
22
22
22
22
22
22
22
5.77
4.53
4.76
Q. 48
11.38
3.95
7.54
5.34
6.66
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
22
22
22
22
22
22
5.91
5.93
5.95
5.95
5.95
6.10
OVERNIGHT EURO-DOLLAR DEPOSITS
U . S . FEDERAL FUNDS
DIFFERENTIAL
OCT. 22
OCT. 22
OCT. 22
5 . 91
5 . 91
0. 0
3-MONTH EURO-DOLLAR DEPOSIT RATE
U . S . 90-DAY C D ' S , SECONDARY MARKET
DIFFERENTIAL
OCT. 22
OCT- 2 2
OCT. 2 2
5 . 95
5 . 77
0 . 18
U. K .
CANADA
GERMANY
JAPAN
FRANCE
NETHERLANDS
SWITZERLAND
CHART 5 .
22
5.91
5.91
10.50
7 . 75
4.26
4.24
7 . 45
5.34
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
0 . S . FEDERAL FUNDS
OVEENIGHT EURO-DOLLAR DEPOSITS
22
1.00
3-MONTH INTEREST RATES
0 . S . 90-DAY C D ' S , SECONDARY MARKET
GERMAN INTERBANK LOAN
JAPANESE GBNSAKI RATE
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
FRENCH INTERBANK BATE
NETHERLANDS INTERBANK RATE
WEIGHTED AVERAGE FOREIGN INTEREST RATE
( G - 1 0 COUNTRIES PLSS SWITZERLAND)
CHART 6 .
EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-DAI
1-MONTH
3—MONTH
6-MONTH
1-IEAR
CHART 7 .
SELECTED EURO-DOLLAR AND U . S .
MONEY MARKET RATES
S E R I E S NAME
CHART 6 .
LAST VALUE PLOTTED
DATE
IA1UE
INTEREST ARBITRAGE, J-MONTH FUNDS
EURO-DOLLAR DEPOSIT
INTERBANK STEELING (LONDON}, COVERED
DIFFERENTIAL
OCT. 2 2
OCT. 22
OCT. 2 2
5.95
5.95
0.00
U . S . COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
OCT. 2 2
OCT. 22
OCT. 2 2
5.71
5.81
-0.10
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT) , COVERED
DIFFERENTIAL
OCT. 22
OCT. 22
OCT. 2 2
5.95
6.01
-0.06
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, COVERED
DIFFERENTIAL
OCT- 2 2
OCT. 2 2
OCT. 2 2
5*95
6.04
-0.09
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
AUG.
OCT.
7.53
5.97
4.93
4.24
9.60
8.55
6.03
10.11
CHART 9 .
LONG TERM GOVERflENT BONO I I E L D S
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
17
17
17
3
10
16
17
U . S . CORPORATE
AAA BONDS
CHART 1 0 .
9.13
STOCK INDICES
UNITED STATES
0NITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN
J08E
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
15
15
15
15
15
15
. 15
15
244.61
280.62
298.84
286.02
188. #
330.89
383.#
377.96
o!£ow>
&
FEDERAL RESERVE statistical release
H.10 (512)
OCTOBER 2 4 ,
1946
FOREIGN EXCHANGE RATES
FOR THE 8EBK ENDING
OCTOBER 2 1 ,
1986
The Board of Governors of the Federal Reserve System Is advised that the Federal Reserve Bank of New York has certified for customs
purpoeee the following noon buying rates In New York City for cable transfers payable In foreign currencies:
MONETARY
UNIT
COUNIBT
•AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHINA,P.A.
DENMARK
FINLAND
FRANCE
GERMANY
GREECE
HONG SONG
INDIA
•IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
• NEW ZEALAND
NOR8AX
PORTUGAL
SINGAPORE
*SOOTH AFRICA
SOUTH KOBBA
SPAIN
S R I LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
• U N I T E D KINGDOM
OOLIAS
SCHILLING
FRANC
CROZADO
DOLLAR
YUAN
KRONE
MARKKA
FRANC
D . MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAB
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND
MEMO:
• U N I T E D STATES
DOLLAR
OCT.
20
63.70
13.989
41.310
14.09
1.3917
3.7240
7. 4825
4.8605
6.5090
1.9880
134.850
7.8050
12.8300
137.05
1376.00
154.75
2.6230
2.2485
5 0 . 150
7.3125
146.500
2.1755
44.40
877.70
132.300
28.415
6.8525
1.6313
36.630
26.080
142.98
105.87
(CURRENCY U N I T S PES DOLL1HI
OCT. 2 1
OCT. 2 2
63.70
13.985
41.320
14.09
1.3910
3.7240
7.4905
4.8650
6.5100
1.9885
135.000
7.8025
12.8400
137.20
1376.5a
155.16
2.6225
2.2470
50.050
7.3180
146.550
2.1765
44.52
877.80
132.700
28.423
6.8520
1.6298
36.610
26.100
143.60
105.85
6 3 . 77
13.970
41.227
14.09
1.3904
3.7240
7.4850
4.8650
6-5020
1.9855
134.650
7.7995
12.8600
137.35
1374.00
155.80
2.6290
2.2447
50.600
7.3100
146.100
2.1790
44.42
878.00
132.750
28. 425
6.8520
1. 6310
36.600
2 6 . 100
143.10
105.86
OCT.
23
64.67
14.030
41.420
14.09
1.3887
3.7240
7.5160
4.8910
6.5300
1.9950
135.250
7.7995
12.9100
136.53
1380.50
158.13
2.6265
2.2545
50.650
7.3490
147.100
2.1850
44.50
878.00
133.370
28.425
6.8800
1.6432
36.590
26.100
142.40
106.45
OCT. 2 4
6 4 . 15
14.270
42.120
14.09
1.3881
3.7240
7.6450
4.9520
B.6490
2.0320
138.200
7.8035
12.9600
134.12
1404.00
161.35
2.6300
2.2965
50.800
7.4300
149.550
2 . 1890
4 3 . 98
878.30
135.570
28.450
O.9570.
1.6735
3 B. 580
26.170
141.25
108.07
•INDEX OF WEIGH)EBL) A V EH AGE EXCHANGE VALLJE OF U . S . DOJLLAB AGAINST <:URRBNCIBS OF OTHER G—10
COUNTRIES. 8ARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARB 1 9 7 2 - 7 6 GLOBAL TRADE OF BACH OF TUB 10 COUNTJLIES.
SERIES REVISED AS OF AUGUST 1 9 7 8 . FOB DESCRIPTION AND BACK DATA, SEE "I&DEX OF TUB
WEIGHTED—AVEBAGE EXCHANGE VALUE OF THE U . S . DOLLAB: H E V I S I O N " ON PAGE 7 0 0 OF THE AUGUST
1 9 7 8 FEDERAL RESERVE B U L L E T I N .
* VALUE I S U . S .
CENTS
@FedFRASER