Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : October 30, 1989

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Selected Interest &
Exchange Rates
Weekly Series of Charts

October 3 0 , 1 M 9

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
WMhington, D& 20681




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 P R I C E - L O N D O N
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 $24.00 per year or $.60 each in The United
States, its possessions, Canada, and Mexico; 10 or
more of the same issue to one address, $22.50 per
year or $.55 each. Elsewhere, $30.00 per year or S 70
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 m ^ S Currency.

CHART 1

SPOT EXCHANGE INDICES
DOL \R PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO S<
MARCH 1973t=100

SCALE
1973=100

140
120

140

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

__

BELGIAN FRANC

120

100

—

100

90

90

80

80

I

70

I

I

I

I

I

70
280

280

240

SWISS FRANC

JAPANESE YEN

—

240

200

200

180

180

160

160

140

—

I

120

I

I

I

I

120

I

100

100

CANADIAN DOLLAR

90
80

140

90

U.K. POUND

80

70

70

60

60

50

50

200

180

200

GERMAN MARK

DUTCH GUILDER

180

160

160

140

140

120

120

100

100

120

60
ITALIAN LIRA

100

90

50

FRENCH FRANC

45

80

40

70

35

60

30
I

50




1987

1989

I

I

I

I
1987

I

11111111111 I I I I I I I I I I I
1989

25

CHART 2

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

PERCENT PER ANNUM

4

4

U. K. POUND

CANADIAN DOLLAR

Ax/-"^

^ V v

\
I

I

I

I

I

GERMAN MARK

I

I

I

I

I

I

I

I

I

-

I

JAPANESE YEN

Mini.ih.

I

I

I

I

I

I

nil,lulu

—

SWISS FRANC

DUTCH GUILDER

I

FRENCH FRANC

I

I

I

-

-

J
[
i

I

ITALIAN LIRA

IT

12

I

i

i




i

i
1987

i

11111111111
1989

4

12
1987

1989

CHARTS

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY

U.S.

LLARS PER FINE OUNCE

U.S. DOLLARS PER FINE Ol

520

520

500

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

480

480

460

460

440

440

420

420

400

400

380

380

360

360

340

340

320

320

300

I
1986




1987

I

I

I

I
1988

I

I

300
1989

CHART4

CALL MONEY RATES
WEEKLY SERIES

ENT PER ANNUM

PERCENT PER ANh

16

16

12

U.S. FEDERAL FUNDS

12

FRANCE

K

" M

8

K.

.1

,

8

JAPAN
4

0

4

I

I

I

I

I

1

1

1

1

1

0

1

16

16

CANADA
12

8

12

GERMANY

8

4

4

0

0

16

20
UNITED KINGDOM
SWITZERLAND

16

12

12
8
8

4

NETHERLANDS

4

0

0




1987

1989

1987

1989

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES

PERCENT PER ANh

ENT PER ANNUM

12

12
FRENCH INTERBANK RATE
10

10

U.S. CD'S

8

8

6

6
WEIGHTED AVERAGE
FOREIGN RATE

4

4

2

2

16

16

14

-

U.K. INTERBANK STERLING

CANADIAN FINANCE CO.
PAPER

f

12

-

10

12

10

8

—

6

I

I

I

I

I

8
6

I

8
6

14

8

„

GERMAN INTERBANK RATE

J

SWISS INTERBANK RATE

-

6

4

4

2

2

-

0

I

I

I

I

ii I n h i l l i

I

I

I

I

0
10

10

-

8

NETHERLANDS INTERBANK RATE

Z-

8

JAPANESE GENSAKI RATE
6

6

4

-

2




I
1987

1989

I

I

I

I
1987

I

4

2
1989

CHART 6

EURO-DOLLAR DEPOSIT RATES

LONDON

AVERAGES FOR WEEK ENDING WEDNESDAY

PERCENT PER ANN

ENT PER ANNUM

14

14

12

__

OVERNIGHT

3-MONTH

—

12

10

10

8

8

6

-

I

4

I

I

I

I

I

4
14

14

12

6

-

7-DAY

6-MONTH

—

12

10

10

8

8

6

-

I

4

I

I

4
14

14

12

6

1-YEAR

1-MONTH

12

10

10

8

8

6

6

4

4




1987

1989

1987

1989

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 AN

14

14

12

12

10

10

3-MONTH

FEDERAL FUNDS

EURO-DOLLAR DEPOSITS

DASHED LINE
8

8

6

6

OVERNIGHT

90-DAY CD'S
DASHED LINE

EURO-DOLLAR DEPOSITS

4

4

I

2

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

2
2

2

DIFFERENTIAL

DIFFERENTIAL
1

1

+

+

0

1




0

J

I

I

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 11 1 1 1 1

1987
ENTIAL SCALE = 2 PERCENT ON RATE SCALE

1989

I

I

II I I I I I I I I I

I
1987

I I I I I I I I I II
1989

1

CHARTS

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

PERCENT PER ANN

16

16

12

12

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING

COVERED LONDON

8

8

U.S. COMMERCIAL PAPER

EURO-DOLLAR DEPOSITS

4

0

4

DASHED LINE

DASHED LINE

JLL

ill n l u l

0

11

2

2
DIFFERENTIAL

DIFFERENTIAL
+

+

0

0

I I I IIII I I I I

2

M 111111111

2
16

16

12

12

INTERBANK DM

COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

8

8

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

4

DASHED LINE

0

I

I

I

I

I

4

DASHED LINE

lllllllllllllllllllllll

I

I

I

I

I

I

I

I

I l l l l I I I III I I I I I ill I

2

0
2

DIFFERENTIAL

DIFFERENTIAL
+

+

0

0

I

2
1987

llllllllllllllllllllllII
1989

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE




I

I

I

iiMil11luluhilii
1987

1989

2

CHART9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES

PERCENT PER ANh

>ENT PER ANNUM

14

14

12

„

UNITED STATES

CANADA

12

^

10

» / M / S

J

W

"
V

10

1

8

8

I

I I I I I I II I I I

6

I

I

I

I

6

I

14

14

12

v

UNITED KINGDOM

-

10

8

6

FRANCE

1

1

1

12

10

8

1

1

6

1

10

8 __

10
JAPAN

SWITZERLAND

8

6

6

4

4

2

2

10

10

8

NETHERLANDS
MONTHLY

-

GERMANY

-

6

6

4

-

1

2




8

1987

1989

1

1

1

1
1987

1

MIIIIMIII

4

2
1989

CHART 10

INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100

RATIO SCALE
1969=100

UNITED STATES

NETHERLANDS

JAPAN

GERMANY

400

A

—
-

/

Vv

tyf

-

-J
i

300

—

-

-

-

250

-

—

-

200

—

-

—

150

|,,

i i
SWITZERLAND

I

I I

I

I I

100

FRANCE

UNITED KINGDOM

CANADA

—

I

I

I




I

I
1987

I
1989

1987

1989

LAST VALUE PLOTTED
DATE
VALUE

S E R I E S NAME

HART 1 .

SPOT EXCHANGE RATES AND I N D I C E S

WEEKLY AVERAGES,

NOON BUYING RATES

(U.S.

CENTS)

GERMAN MARK
J A P A N E S E YEN
DUTCH GUILDER
U. K. POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA
SWEDISH KRONA
INDICES,

MARCH 1 9 7 3

BASE RATES =

WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S ,
( G - 1 0 COUNTRIES P L U S 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

3-MONTH FORWARD EXCHANGE R A T E S ,

CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
ITALIAN LIRA




25
25
25
25
25
25
25
25
25
25

5 4 . 11
0. 70443
47.91
159.85
85.22
15.93
61.75
2.57616
0.07366
1 5 , 56

OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

25
25
25
25
25
25
25
25
25

152.20
1 8 4 . 44
137.53
64.65
84.94
7 1 . 77
19 8 . 6 6
101.51
4 1 . 84

25
25
25
25
25
25
25
25
25
25
25

98.24
1 6 2 . 53
195.40
13 8 . 5 2
60.84
82.61
68.02
19 9 . 7 4
1 0 0 . 11
3 8 . 56
67.04

25
25
25
25
25
25
25
25

- 3 . 46
- 6 . 18
0. 53
-1.46
0 . 87
0.43
2.30
-4.02

100

GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
ITALIAN LIRA

T 2.

OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

MAR 1 9 7 3

= 100

OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT,

PREMIUM OR DISCOUNT
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

LAST VALUE PLOTTED
DATE
VALUE

S E R I E S NAME
CHART 3 .

GOLD P R I C E II

U.S.

CHART 4 .

DOLLARS PER

LONDON, AFTERNOON F I X I N G
F I N E OUNCE

OCT.

25

367.00

OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

25
25
25
25
25
25
25
25
25

8.
8.
14.
12.
7.
6.
9.
7.
6.

72
61
97
10
85
08
91
76
38

OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

25
25
25
25
25
25
25
25
25

8.
8.
5.
12.
15.
7.
10.
8.
9.

50
10
37
25
04
57
00
06
39

OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

25
25
25
25
25
25

8.61
8.63
8.59
8.58
8.38
8 . 34

CALL HONEY BATES

U . S . FEDERAL FUNDS
OVERNIGHT EURO-DOLLAR D E P O S I T S
U. K.
CANADA
GERMANY
JAPAN
FRANCE
NETHERLANDS
SWITZERLAND

CHART 5 .

3-MONTH I N T E R E S T RATES

U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET
GERMAN INTERBANK LOAN
JAPANESE GENSAKI RATE
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
FRENCH INTERBANK RATE
NETHERLANDS INTERBANK RATE
WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE
( G - 1 0 COUNTRIES PLUS SWITZERLAND)

CHART 6 .

EURO-DOLLAR D E P O S I T RATES:

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 D E P O S I T S
U . S . FEDERAL FUNDS
DIFFERENTIAL

OCT.
OCT.
OCT.

25
25
25

8 . 61
8. 72
- 0 . 11

3-MONTH EURO-DOLLAR D E P O S I T RATE
U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET
D I F F E R S NTIAL

OCT.
OCT.
OCT.

25
25
25

8 . 58
8 . 50
0. 25




LAST VALUE PLOTTED
DATE
VALUE

S E R I E S NAME

CHART 8 .

I N T E R E S T ARBITRAGE,

3-MONTH PONDS

EURO-DOLLAR D E P O S I T
INTERBANK S T E R L I N G ( L O N D O N ) ,
DIFFERENTIAL
U . S . COMMERCIAL PAPER
CANADIAN FINANCE P A P E R ,
DIFFERENTIAL

COVERED

COVERED

EURO-DOLLAR D E P O S I T
INTERBANK DM ( F R A N K F U R T ) ,
DIFFERENTIAL

COVERED

EURO-DOLLAR D E P O S I T
SWISS INTERBANK, COVERED
DIFFERENTIAL
CHART 9 .

8. 58
8. 63
- 0 . 06

OCT.
OCT.
OCT.

25
25
25

8. 69
8. 69
- 0 . 00

OCT.
OCT.
OCT.

25
25
25

8. 58
8 . 64
- 0 . 07

OCT.
OCT.
OCT.

25
25
25

8. 58
8. 46
0 . 12

OCT. 2 0
OCT. 2 7
OCT. 2 0
OCT. 1 3
OCT. 1 3
OCT. 1 3
AUG.
OCT. 2 7

7 . 99
7. 27
5 . 37
5.46
9.75
9 . 33
7.03
9 . 54

CORPORATE

AAA BONDS

CHART 1 0 .

25
25
25

LONG TERM GOVERMENT BOND Y I E L D S

UNITED STATES
GERMANY
JAPAN
SWITZERLAND
CANADA
FRANCE
NETHERLANDS (MONTHLY)
UNITED KINGDOM
U.S.

OCT.
OCT.
OCT.

MAY

9.33

STOCK I N D I C E S

UNITED STATES
UNITED KINGDOM
CA NADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN




OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.

25
25
25
25
25
25
25
25

3 6 1 . 19
3 8 5 . 16
386.93
268.60
253.95
343.75
524.85
708.66

FEDERAL RESERVE statistical release
H.10(512)

OCTOBER 2 7 , 1989

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

OCTOBER 2 7 , 1989

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:
(CURRENCY UNITS PER DOLLAR)
OCT. 24
OCT. 25

MONETARY
UNIT

OCT. 23

^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

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

77.04
13.070
38.950
1.1725
3.7314
7.2320
4.2640
6.3010
1.8557
166.350
7.8100
16.8200
143.50
1360.50
142.35
2.6950
2.0957
59.000
6.9320
158.850
1.9595
2.6600
674.10
118.390
40.017
6.4505
1.6250
25.770
25.850
159.35

76.51
12.952
38.640
1.1723
3.7314
7.1675
4.2325
6.2490
1.8390
165.200
7.8085
16.7700
144.50
1350.50
141.55
2.6925
2.0772
58.850
6.8825
157.800
1.9580
2.6390
674.20
117.350
40.017
6.3995
1.6120
25.791
25.840
160.60

MEMO:
SUNITED STATES

DOLLAR

98.53

97.82

COUNTRY

OCT. 26

OCT. 27

77.39
12.950
38.650
1.1747
3.7314
7.1715
4.2405
6.2525
1.8409
164.560
7.8080
16.8100
144.40
1349.75
141.65
2.6920
2.0790
59.200
6.8805
157.280
1.9570
2.6350
674.10
117.380
40.017
6.4005
1.6120
NA
25.830
160.88

77.82
12.988
38.640
1.1752
3.7314
7.1900
4-2480
6.2480
1.8380
164.930
7.8090
16.8200
144.10
1349.00
141.65
2.6940
2.0750
59.220
6.8950
157.630
1.9610
2.6500
674.00
117.540
40.018
6.4020
1.6090
25.805
25.830
161.20

77.75
12.902
38.390
1.1754
3.7314
7.1335
4.2410
6.2200
1.8300
165.200
7.8110
16.8500
144.60
1348.00
142.00
2.6970
2.0661
59.250
6.8805
157.250
1.9630
2.6450
674.20
116.850
40.018
6.3930
1.6020
25.818
25.860
157.50

97.86

97.77

97.83

SINDEX 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.
*VALUE I S U . S . CENTS