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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts October 6,1986 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 t 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 ! CALE MARCH 1973=100 RATIO ! MARCH 197 1=100 200 180 50 FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA 160 45 40 - 140 35 120 30 100 I I I I I I i i l l 11 u l u i l l 11 m l u 25 200 180 200 180 JAPANESE YEN GERMAN MARK 160 160 140 140 120 120 100 100 80 I I I I ! I I iiliiliiln 80 140 120 140 DUTCH GUILDER CANADIAN DOLLAR 120 100 100 90 90 80 80 70 70 60 60 90 80 90 U K . POUND 80 FRENCH FRANC 70 70 60 60 50 50 40 40 120 240 SWISS FRANC BELGIAN FRANC 100 200 - 90 180 80 160 70 140 — 60 120 50 100 1984 1986 1984 1986 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM * PERCENT PER ANNUM JAPANESE YEN CANADIAN DOLLAR 4 U. K. POUND SWISS FRANC + 0 4 8 8 GERMAN MARK DUTCH GUILDER FRENCH FRANC ITALIAN LIRA 4 0 8 + 0 8 16 24 24 32 32 1984 1986 1984 1986 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ _ARS PER FINE OUNCE U.S. D O L L A R S PER FINE OUNCE 520 520 500 500 f 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 INT PER ANNUM PERCENT PER Al 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 8 WVvs/v 4 4 NETHERLANDS I 0 1984 IIIMIIII 0 1986 1984 1986 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER AN NT PER ANNUM 16 14 U.S. CD'S CANADIAN FINANCE CO. PAPER 12 14 10 8 12 10 WEIGHTED AVERAGE FOREIGN RATE 6 8 III I 4 6 16 14 FRENCH INTERBANK RATE U.K. INTERBANK STERLING __ V 14 — 12 10 12 10 - 1 - 8 8 6 10 10 NETHERLANDS INTERBANK RATE 8 GERMAN INTERBANK RATE 8 6 6 4 4 2 2 8 8 7 SWISS INTERBANK RATE JAPANESE GENSAKI RATE - 6 4 5 - - 2 0 4 6 1984 1986 1984 1986 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER AN 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 DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 16 16 14 14 FEDERAL FUNDS 3-MONTH DASHED LINE E U R O - D O L L A R DEPOSITS 12 - 12 10 - 10 - 6 9 0 - D A Y CD S OVERNIGHT 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 JJ I I I I I 4 2 DIFFERENTIAL DIFFERENTIAL - x A I v y v ^ A f V h i l l 1 P E R C E N T ON D I F F E R E N T I A L - JU Hj\nh I I I I I I 111111 1111111 1984 - S C A L E = 2 P E R C E N T ON RATE S C A L E 1986 i i i I I I I I I I I I I I 1984 I I I I I I I I I I I 1986 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S H , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 18 14 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 10 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL 2 18 14 INTERBANK DM SWISS INTERBANK (SF) COVERED COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE DIFFERENTIAL 1984 DIFFERENTIAL 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 ENT PER ANNUM PERCENT PER AL 17 15 17 UNITED STATES CANADA 15 13 13 11 11 9 9 7 7 15 9 13 UNITED KINGDOM 7 SWITZERLAND 11 5 9 3 7 1 10 10 GERMANY 8 JAPAN 8 6 6 I IIIIIIIIIIIII 4 4 18 18 U. S. CORPORATE MONTHLY 16 16 FRANCE Aaa BONDS 14 14 12 12 NETHERLANDS 10 10 MONTHLY 8 8 6 6 1984 1986 1984 1986 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S C A L E 1969=100 RATIO S C A L E 1969=100 450 400 UNITED KINGDOM UNITED STATES NETHERLANDS SWITZERLAND FRANCE GERMANY 450 400 — 350 — 300 - / 150 100 ~ - JAPAN 250 200 J\ ~ / - - /J l l — 450 400 - - 350 300 CANADA - ^ v \ Z ~ - — I — I | 1984 | - ! I I n l i i l i i l i i 1986 1984 I I ! I!III ! — 250 - 200 - 150 100 1986 LAST VALUE PLOTTED DATE VALUE SERIES VASE CHART 1 . SPOT EXCHANGE SATES AND INDICES WEEKLX AVERAGES, NOON BUYING SATES (U.S. CENTS) GEBBAN HARK JAPANESE IEH OOTCH GUILDER DLK. POUND CANADIAN DOLLAR FRENCH FRANC S H I S S FBANC BELGIAN FBANC ITALIAN M B A SWEDISH KSONA I N D I C E S , BABCH 1 9 7 3 BASE BATES - WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , (G—10 COUNTRIES PLUS SWITZERLAND) T 2. 1 1 1 1 1 1 1 1 1 1 4 9 . 18 0.64847 43.53 143.90 72.01 15.02 6 0 . 62 2.37163 0.07111 14.44 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 1 1 1 1 138. 36 169.79 124.98 58.20 71.77 67.66 195.02 93.45 40.40 1 1 1 0 7 . 16 157.37 192.28 134.54 58.43 7 4 . 17 68.74 210.26 98.61 39.96 66.60 100 GERHAN MASK JAPANESE TEN DUTCH GUILDEB O . K . POUND CANADIAN DOLLAR FRENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIRA U . S . DOLLAR GSBBAN BARK JAPANESE TEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH &BONA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. BAB 1 9 7 3 = 100 OCTOCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 3-MONTH FORWARD EXCHANGE RATES, PREHIUH OB DISCOUNT CANADIAN DOLLAR 0 . fU POUND GERHAN HARK FRENCH FBANC SWISS FRANC DUTCH SOILDEB JAPANESE TEN ITALIAN LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 1 1 1 -2.48 -4.58 1.51 -2.06 1.97 0.71 0.68 -5.34 LAST 7ALOE PLOTTED VALUE DATE SERIES NAME CHABT 3 . GOLD PB1CE XH LONDON, AFTEBNOON FIXING 0. S. DOLLARS PER FINE OUNCE OCT. 1 427.52 CHABT 4 . CALL HONEY BATES O . S . FEDERAL FUNDS OVEHNIGHT EURO-DOLLAB DEPOSITS OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 0 . K» CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . 8.68 7.75 4.30 #.74 7. 25 5.44 1-00 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 1 1 1 1 5.78 4.53 4.76 8.45 10.71 4.05 7.15 5.28 6.47 OCT. OCT. OCT. OCT. OCT. OCT. i 1 1 1 1 1 6.36 6.01 5.99 5.99 5.98 6.14 EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-HO NTH 3-MONTH 6-HONTH 1-YEAB CHART 7 . 6.36 3-HONTH INTEREST BATES U . S . 90-DAY C D ' S , SECONDARY MARKET GEBHAN INTERBANK LOAN JAPANESE GENSAKI BATE CANADIAN FINANCE PAPER INTEBBABK STERLING S 8 I S S INTERBANK LOAN FRENCH INTERBANK BATE NETHERLANDS INTEBBANK BATE 8EIG8TED AVERAGE FOBEIGN INTEREST BATE ( G - 1 0 COUNTRIES FLOS SWITZERLAND) CHART 6 . 6.98 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET KATES OVERNIGHT EUBO-DOLLAfi DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL OCT. OCT. OCT. 1 1 1 6.36 6.08 0.28 3-MONTH EUSO-DOLLAR DEPOSIT BATE U . S . -90-DAY C D ' S * SECONDARY MARKET DIFFERENTIAL OCT. OCT. OCT. 1 1 1 5.99 5.78 0.21 S E M E S NAME LAST VALUE PLOTTED DATE VALUE CHART 8 . INTEREST ARBITRAGE, 3-HONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. OCT. OCT. 1 1 1 5.99 6.01 - 0 . 02 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL OCT. OCT. OCT. 1 1 1 5.77 5.92 - 0 . 15 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), COVERED DIFFERENTIAL OCT. OCT. OCT. 1 1 1 5 . 99 6.06 -0.07 EURO-DOLLAR DEPOSIT S B I S S INTERBANK, COVERED DIFFERENTIAL OCT. OCT. OCT. 1 1 1 5.99 6.04 -0.05 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. JULY SEPT. 26 26 26 19 19 26 8.52 5.79 4.97 4.25 9.49 8.47 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA PRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM 26 6.22 10.00 U . S . CORPORATE AAA BONDS CHART 1 0 . JUNE 9 . 13 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS PRANCE JAPAN SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 24 24 24 24 24 24 24 24 241.48 278.00 298.84 289.23 183.17 344.70 390.22 392.70 •nQ*GOft>-i FEDERAL RESERVE statistical release H.10 (512) OCTOBER 3, 1986 FOREIGN EXCHANGE RATES FOB I M S tr&EX ENDING OCTOBER J, 1986 « , V The Board of Governors of the Federal Reserve System Is advised that the Federal Reserve Bank of New Yerk has certified for customs purposes the following noon buying rates In New York City for cable transfers payable In foreign currencies: FCOBBBBCI OMITS PKB DOLI.LFI S E P . 30 OCX. 1 MONETARY OMIT SEP. 29 •AUSTRALIA AOSTBIA BELGIUM BRAZIL CA1ADA CIINA.P.FI. DENMARK FIBLAID FBA1CB GERMANY GEBBCB BOMS KONG INDIA •IRELAND ITALY JAP AM BALAZSIA NETBBBLAMDS *NE8 ZEALAND M0B1AI POBTOGAL SINGAPORE •SOOTH AFRICA SOOTH KOREA SPAIM SMI LAMKA SMEDEI SMITZERLAMD TAISAM TBAILAID •DBITBD KINGDOM DOLLAR SCHILLING FRANC CSOZADO DOLLAR YOAN KROMB MARKKA FRANC D . MARK DRACHMA DOLLAR ROPSE POOMD LIBA ZEN RIMGGIT GUILDER DOLLAR KRONE BSCODO DOLLAR RAND HON PESETA BOPBB KROMA FSANC DOLLAR BAIT POOMD 62.75 14.250 42.010 13.84 1.3884 3.7240 7.6560 4.9160 6.6330 2.0255 135.100 7.8025 12.7800 135.12 1401.50 153.65 2.6320 2.2850 49.150 7.3750 147.350 2.1725 45.10 882.40 133.500 28.355 6.9210 1.6410 MA 26.090 143.30 62.79 14.270 42.Q60 13.84 1.3888 3.7240 7.6610 4.9135 6.6410 2.0272 135.300 7.8020 12.7700 135.08 1402-00 154.35 2.6255 2.2900 48.820 7.3600 147.050 2.1720 44.85 881.00 133.500 28.357 6.9100 1.6470 36.790 26.980 144.68 63. 08 14.230 41.940 13.84 1.3880 3.72*0 7.63QO 4.9075 6.6225 2 . 0215 135.250 7.8040 12.8000 135.68 1398.00 154.15 2.6280 2.2840 48.820 7.3850 147.050 2.1720 44.60 881.Q0 133.200 28.357 6.9070 1.6405 36.780 26.110 144.49 6 3 . 10 14.127 41.630 13.84 1.3880 3.7240 7.5835 4.1275 6.5760 2.0065 134.300 7.8020 12.8100 136.20 1390.90 153.92 2.628* 2.2675 50.250 7.3510 146.150 2.1705 44.85 881.90 132.750 28.355 6.879* 1.6265 36.750 26.100 143.40 M3M0; ' •SMITBD STAXES DOLLAR 106.89 106.91 106.72 196.30 COO*TBI OCT. 2 OCT. 3 63.43 14.083 41.450 13.84 1.3865 3.724Q 7.5550 4.8800 6.5460 1.9995 134.459 7.7965 12.7700 136.58 1383.50 154.17 2.6260 2.2595 50.530 7.3600 145.900 2.1705 44.90 881.10 132.200 28.363 6.8559 1.6205 36.740 26.100 #44.25 105.96 t X I D I X OF UEIUM:PEN AVBRAUE BXCHAIGJT F1L U* o r 0 . S. DOLLAR AGAINST C e i M i t l C I B S OF 09BB1 6 - 1 6 C O H I T X I B S . MARCH 1 9 7 3 = 1 0 0 . M I G H T S A M 1 9 7 2 - 7 6 GLOBAL I E AD I OF BAG* OF THB 1« C 0 0 I T t I B S . S E X I B S 1EWISBD AS OF A1GBST 1 9 7 8 . FOB S E S C R I P t l O M A I D BACK D A T A . S I B " I l D S X OF THB VEIGHTSD-AYERAG* BXCHAMGB Y A L 0 B OF THB V . S . DOLL A l l B E t l S I O N * ON PAGB 70Q OF THB A060SX 1 9 7 8 FEDERAL X2SB1VB B 0 L L 8 T I * . •VAJMUt I S M . S . CENTS
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