Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : October 30, 1995

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

October 3 0 , 1 9 9 5

DIVISION OF
INTERNATIONAL FINANCE

Prepared by t h e

BOARD OF GOVERNORS

FINANCIAL MARKETS
SECTION

FEDERAL RESERVE SYSTEM
Washington, D C. 2 0 5 5 1




Table of Contents

TABLES
1. LATEST FIGURES PLOTTED
2. DAILY CERTIFIED SPOT
EXCHANGE RATES
CHARTS
1. SPOT EXCHANGE RATES 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
8. INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM GOVERNMENT BOND YIELDS
10. INDUSTRIAL STOCK INDICES




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each in the
United States, its possessions, Canada, and
Mexico. Elsewhere, $35.00 per year or $.80
each. Address requests to Publications
Services Division of Support Services and
make payment remittance payable to the Board
of Governors of the Federal Reserve System in
a form collectible at Par in U.S. currency.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR P R I C E S O F FOREIGN C U R R E N C I E S AND WEIGHTED AVERAGE VALUES (THIN LINE)
A V E R A G E S FOR WEEK ENDING W E D N E S D A Y
RATIO SCALE
MARCH 1973=100
150

RATIO SCALE
MARCH 1973=100

120

BELGIAN FRANC
—

130

J A P A N E S E YEN
S W I S S FRANC

CANADIAN DOLLAR
U.K. P O U N D

GERMAN MARK

DUTCH GUILDER

ITALIAN LIRA

F R E N C H FRANC

• i i I i i i I i i i I i i i




1993

1995

I

1

1

I '

• '
1993

I

1

1

1

I I

1

'

1995

15

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR H
A V E R A G E S FOR WEEK ENDING W E D N E S D A Y
PERCENT PER ANNUM

PERCENT PER ANNUM

2

2
GERMAN MARK

U.K. P O U N D

CANADIAN DOLLAR

J A P A N E S E YEN

S W I S S FRANC

DUTCH GUILDER

I » '




I I » '

I I I » '

» I '

'

ITALIAN LIRA

FRENCH FRANC

1 1 I I '

I » '

I I I I '
1993

'

1 '

» 1
1995

1992

'
1994

I » '

'

CHART 3

PRICE OF GOLD IN LONDON
A V E R A G E S FOR WEEK ENDING W E D N E S D A Y
U.S. DOLLARS PER FINE OUNCE
420 i

U.S. DOLLARS PER FINE OUNCE
1 420

12.5 Kg BARS
AFTERNOON FIXING PRICE
400

400

380

380

360

360

340

320

340

J

I
1991




J

i
1992

i

L

J—I
1993

i

i
1994

i

I

_l
1995

L

320

CHART 4

CALL MONEY RATES
WEEKLY S E R I E S
PERCENT PER ANNUM

PERCENT PER ANNUM
7

10

SWITZERLAND
U.S. FEDERAL F U N D S

JAPAN

I I I I I » I I '

I I I I I I

• i i I '

i i I i i i l i i

10

8

—

NETHERLANDS

6 —
GERMANY
4

—

• i '

I i i i I i i i I i i i

FRANCE

CANADA

UNITED KINGDOM




1993

1995

1993

1995

CHART 5

3-MONTH INTEREST RATES
WEEKLY S E R I E S
PERCENT PER ANNUM

PERCENT PER ANNUM
9

10

CANADIAN FINANCE PAPER
WEIGHTED AVERAGE
FOREIGN RATE

U.S. CD'S

U.K. INTERBANK STERLING

4 —I—I—I

FRENCH INTERBANK RATE

JAPANESE CD RATE

GERMAN INTERBANK RATE
SWISS INTERBANK

'

'

'




I '

'
1993

'

I '

'

'

I '

'
1995

'

'

'

'

I • '
1993

'

I • I '

I I I '
1995

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
A V E R A G E S FOR WEEK ENDING WEDNESDAY
PERCENT PER ANN!

ENT PER ANNUM

8

8
3-MONTH

OVERNIGHT

6

6

4

4

2
8

1

I I I I

1

1

• I '

1 1 ' I I I I I

I I

1

1

'

1

1

1

I

1

«

1

6-MONTH

7-DAY

6

6

4

4

2
8

2
8

I

I I I I I I 1 I I I I II

I

I

I I I I I I I I I I I I I

2

8

1-YEAR

1-MONTH

6

6

4

4

'

i '

I '




'

'

I '

'

i I '

i I

2

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
D I F F E R E N T I A L : P L U S ( + ) , F A V O R S B O R R O W I N G IN U . S .
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

3-MONTH
EURO-DOLLAR DEPOSITS

OVERNIGHT
EURO-DOLLAR DEPOSITS

90-DAY C D ' S
DASHED LINE
FEDERAL FUNDS
DASHED LINE

L_l

I

I

1

1

1—I

I

1

'

1

I

I

1

1

—

DIFFERENTIAL

DIFFERENTIAL

'yV\r"v -

il

lyA

w
j Y

I




I

1

I

1

1
1993

1

I _l

1— i

i

i

i
1995

i

•

I

I

I

I

I
1993

I

I

I—I—I—I—I—I—L
1995

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR A S S E T S
A V E R A G E S F O R W E E K ENDING W E D N E S D A Y
PERCENT PER ANNUM
7

PERCENT PER ANNUM
7
CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK S T E R L I N G
COVERED LONDON

5

—
U.S. C O M M E R C I A L P A P E R
DASHED

EURO-DOLLAR DEPOSITS
DASHED LINE

3

—

• i • l '

'

• i » • • I i i i

DIFFERENTIAL

DIFFERENTIAL

*7V
•

6

i i i i i i i i i ' i

• i <

INTERBANK DM
COVERED FRANKFURT

—

^URO-DOLLAR DEPOSITS
DASHED LINE

—

•

1

1

I

1

i

1

I • • • i

'

DIFFERENTIAL

'

1

I

1

'

I I » I l I » I i i » I i i i




1993

1

I '

» I I I '

I

DIFFERENTIAL

"u/L\A/v"
1

I I » '

S W I S S INTERBANK ( S F ) C O V E R E D

EURO-DOLLAR DEPOSITS
DASHED LINE

3

I I I I I I I I I I '

1995

V * v j ^

I I I I I I I I I • I I I I I
1993

1995

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY S E R I E S

=tCENT PER ANNUM

PERCENT PER ANNl

9
UNITED S T A T E S

UNITED KINGDOM

8

7

6

i i r

5

i i i I i i i

10
CANADA

FRANCE

I I I I I I I I I I I I I I I

I

9

8

7

6
8

I I I I I I I I I I I I I I

SWITZERLAND

JAPAN

7

6
5

4

3
9

1 I 1 1 I I I 1 I I I 1 I ' I
NETHERLANDS

GERMANY

8

7

6

5

'

i '




I '

'
1993

i I '

'

i I i i '
1995

I

1

1

I

1

1

1

1993

I

1

1

1

I

1

1

1

1995

CHART 10

STOCK INDICES
WEEKLY S E R I E S
RATIO SCALE
1986=100
240 i

RATIO SCALE
1986=100
210

UNITED S T A T E S

UNITED KINGDOM

220 I—

190

200

170

—

150

—

130
160

JAPAN

SWITZERLAND

140

120
100
» i '

I '

i i I » i i I i '

GERMANY

'

' I I • I I 1 • I I I I 1 I

80
180

CANADA

140

160

120

140

100

120
» i i I » i i i i '

80

i I • i i

i '

i I i i i I i '

i I i i

190
FRANCE

100
180

NETHERLANDS

170

—

160

150

—

140

130

—

120

110

i • '




l i i '
1993

I i '

'

I i '
1995

1993

1995

100

#

27-Sep-95 4-Oct-95
Chart 1.

ll-Oct-95 18-Oct-95 25-Oct-95

Spot Exchange Rates and Indices

Noon buying rates (U.S. cents, weekly averages)

|

3.4042
74.116
20.253
70.042
0.06216
1.00109
62.562
87.029
157.24

3.3981
74.679
20.257
69.910
0.06197
0.99521
62.423
86.765
158.53

3.4141
74.898
20.124
70.209
0.06215
0.99344
62.664
86.991
157.90

3.4176
74.734
20.142
70.345
0.06243
0.99519
62.810
86.816
157.35

3.4876
73.456
20.400
71.817
0.06206
0.99803
64.096
88.209
157.84

134 .14
73 .87
91 .26
197 .03
35 .68
262 .12
179 .60
279 .98
63 .60

133 .90
74 .43
91 .28
196 .66
35 .57
260 .58
179 .20
279 .13
64 .12

134 .53
74 .65
90 .68
197 .50
35 .67
260 .12
179 .90
279 .86
63 .86

134 .67
74 .49
90 .76
197 .89
35 .83
260 .57
180 .31
279 .30
63 .64

137 .43
73 .21
91 .93
202 .03
35 .62
261 .32
184 .01
283 .78
63 .84

118 .80
63 .20
77 .27
192 .39
28 .24
251 .17
162 .45
54 .45
251 .28
52 .61
84 .39

118 .83
63 .00
77 .28
192 .67
28 .35
251 .46
162 .72
54 .72
250 .56
52 .36
84 .31

120..43
61.,33
77..72
195..71
27. 94
250.,12
164. 94
56. 35
252. 71
52. 10
83. 50

-0 .47
-1 .09
1 .89
-4 .71
5 .82
2 .00
3 .68
-0 .84

-0 .53
-0 .93
1 .81
-4 .63
5 .88
1 .90
3 .70
-0 .86

-1.09
-1.38
1. 84
-4 .97
5. 95
2 .01
3. 80
-0.80

co

Belgian franc
Canadian dollar
^French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

383 .84

382. 24

5 .72
5 .71
6 .19
5 .94
4 .00
0 .46
3 .83
2 .05
6 .49

5 .71
5 .70
6 .21
6 .23
4 .03
0 .44
3 .80
1 .99
6 .30

5. 76
5. 69
6.21
6. 86
3. 98
0.45
3. 60
1. 78
6. 05

Indices, March 1973 base rates = 100

Belgian franc
Canadian dollar
French franc
German mark
Italian lira
Japanese yen
^Netherlands guilder
Swiss franc
U.K. pound

Weighted average exchange value indices, Mar. 1973=100
Belgian franc
Canadian dollar
^French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
U.K. pound
£U.S. dollar
Chart 2.

3-Month Forward Exchange Rate

Canadian dollar
French franc
German mark
Italian lira
^Japanese yen
^Netherlands guilder
Swiss franc
U.K. pound

118.49
62.51
77.86
191.95
28.26
253.47
162.25
54.20
251.51
52.39
84.44

118.26
63.02
77.87
191.50
28.16
251.79
161.85
54.52
250.71
52.86
84.44

Premium or Discount
-0.72
-0.39
1.79
-4.59
5.58
2 .01
3.32
-0.89

-0.51
-0.34
1.86
-4 .63
5.81
2.01
3.51
-0.78

Fixing
®Chart 4.

383.44

383.09

5.80
5.73
6.14
5.61
4.00
0.45
3.91
2.38
6.60

6.00
5.75
6.19
5.55
4.16
0.49
3.78
2.46
6.70

384

o

U.S. dollars per fine ounce
Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
# Germany
wJapan
"Netherlands
Switzerland
* United Kingdom




ip-95 4-•Oct-95
Chart 5.

3-Month Interest Rates

U.S. 90-day CD's, secondary market
Canadian finance paper
French interbank rate
German interbank rate
Japanese CD rate
Netherlands interbank rate
Swiss interbank rate
U.K. interbank sterling
Weighted average foreign interest rate
(G-10 Countries)
Chart 6.

5. 73
6. 60
6. 18
4 .02
0. 50
3 .82
2. 46
6. 69
5. 07

5. 80
6. 53
6. 17
4 .00
0. 49
3. 85
2 .36
6. 69
5. 08

5. 79
6. 49
6. 85
3. 98
0. 50
3 .87
2 .23
6. 66
5. 14

5.,78
6.,47
6.,62
4.
,00
0. 50
3 .92
2 .18
6. 71
5. 12

5. 79
6. 91
7. 11
4 .00
0. 52
3 .88
2. 08
6. 69
5. 23

5. 73
5. 75
5. 72
5. 72
5. 73
5. 75

5. 75
5. 75
5. 75
5. 82
5. 82
5. 84

5. 71
5. 74
5. 75
5. 81
5. 79
5. 75

5..70
5..72
5..75
5..81
.77
5.
5..75

5. 69
5. 69
5. 75
5. 82
5. 80
5. 78

Euro-Dollar Deposit Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

11-Oct- 95 18-Oct-•95 25-Oct- 95

Selected Euro-dollar & U.S. Mone} Market Rates

Overnight Euro-dollar deposits
U.S. federal funds
Differential

5. 73
5. 80
0 .07

5 .75
6. 00
-0 .25

5. 71
5 .72
-0 .01

.70
5.
5..71
-0 .01
.

5. 69
5. 76
-0.07

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential

5 .72
5 .73
0.,01

5. 82
5. 80
0. 02

5 .81
5. 79
0. 03

5..81
5..78
0..03

5. 82
5. 79
0. 03

5.,72
5.,78
0..06

5. 82
5. 90
-0. 08

.81
5.
5..81
0..01

5 .81
5 .84
-0 .02

5. 82
5.,88
-0.07

U.S. commercial paper
Canadian finance paper, covered
Differential

5..72
.87
5.
•0..14

5. 81
6. 01
-0.20

5..82
6..01
-0 .19
.

5,.81
5 .94
,
-0 .12

5. 81
5. 80
0.,01

Euro-dollar deposit
Interbank DM (Frankfurt), covered
Differential

5..72
5..83
-0..11

5.,82
5.,88
-0..06

5..81
5 .89
.
-0..08

5 .81
5 .82
-0 .01

5..82
5..86
-0,.05

Euro-dollar deposit
Swiss interbank, covered
Differential

5..72
5..80
•0..08

5..82
5..90
-0..08

5,.81
5,.92
-0..11

5 .81
5 .90
-0 .08

5..82
5..89
-0..07

Chart 9.

id Yields
7.
.78
7.
.49
6..61
.78
2.
4.
.16
6..65
8..07
6,.17

7,.66
7 .58
,
6,.59
2 .87
,
4 .05
,
6 .65
8 .09
6 .07

7 .62
7 .53
6 .55
2 .88
4 .02
6 .63
8 .11
5 .99

7..87
7 .53
,
6..50
.97
2.
3..99
6,.58
8,.13
6 .02

Chart 8.

Interest Arbitrage, 3-Month Funds

Euro-dollar deposit
Interbank sterling (London), covered
Differential

10-year maturity, where available

Canada
France
Germany
Japan
Switzerland
Netherlands
United Kingdom
United States
Chart 10.

7.
.87
7.
.44
6..55
2.
.82
4 .12
.
6,.58
7 .96
,
6,.26

Stock Indices (Wednesday figures)

149 .59
149 .11
149 .71
149 .96
Canada
140 .00
140 .98
142 .08
141 .06
France
118 .89
117 .60
121 .55
120 .89
Germany
107 .75
107 .91
109 .79
109 ,13
Japan
163 .69
163 .91
165 .75
165 .37
Netherlands
252 .57
249 .41
247 .71
245 .88
Switzerland
204 .55
198 .79
203 .84
200 .75
United Kingdom
228 .27
231 .04
229 .17
228 .86
United States
Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General spliced
at 22dec93, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index,
Financial Times Ordinary, NYSE Composite



144 .34
138 .31
116 .72
108 .41
162 .45
248 .57
200 .35
228 .41
to SBF250

#

* O? GOw

FEDERAL RESERVE statistical release
••'.''Vsm-y
H.10(512)

October 30, 1995

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

OCTOBER 27, 1995

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
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
^IRELAND
ITALY
JAPAN
MALAYSIA
MEXICO
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
*UNITED KINGDOM
MEMO:
»*UNITED STATES

MONETARY
UNIT

Oct. 23

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
PESO
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

0.7480
9.752
28.540
1.3685
8.3339
5.3930
1.3162
4.2050
4.8865
1.3855
229.86
7.7315
35.650
1.6200
1617.30
99.70
2.5155
6.6680
1.5525
0.6610
6.1585
146.81
1.4125
3.6355
765.50
120.620
52.500
6.7015
1.1260
26.950
25.080
1.5800

DOLLAR

83.31

(CURRENCY UNITS PER DOLLAR)
Oct. 24
Oct. 25
Oct. 26
0.7471
9.762
28.550
1.3705
8.3336
5.3820
1.3155
4.2010
4.8805
1.3869
229.89
7.7325
35.600
1.6225
1616.16
100.17
2.5225
6.7650
1.5538
0.6590
6.1550
146.92
1.4148
3.6350
765.80
120.760
52.500
6.6465
1.1307
26.930
25.060
1.5810

0.7485
9.810
28.680
1.3665
8.3337
5.4160
1.3093
4.2070
4.8990
1.3935
230.77
7.7329
35.600
1.6215
1615.49
101.27
2.5319
6.7900
1.5615
0.6555
6.1710
147.38
1.4185
3.6360
765.40
121.250
52.360
6.6045
1.1350
26.930
25.100
1.5795

0.7553
9.875
28.870
1.3660
8.3343
5.4505
1.3021
4.2465
4.9250
1.4027
233.07
7.7325
35.600
1.6170
1600.91
101.80
2.5395
6.9600
1.5722
0.6566
6.2265
148.45
1.4165
3.6360
765.80
122.440
52.800
6.6520
1.1390
26.960
25.120
1.5740

83.36

83.64

83.95

Oct. 27
0.7540
9.861
28.820
1.3704
8.3344
5.4315
1.3086
4.2345
4.8720
1.4008
231.56
7.7300
35.500
1.6190
1597.34
101.71
2.5320
7.1300
1.5697
0.6565
6.2015
148.18
1.4150
3.6360
766.00
122.210
52.700
6.6060
1.1325
26.960
25.130
1.5795
83.71

•VALUE IS U.S. DOLLARS
**INDEX 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.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (202) 482-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (202) 452-3244.