Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : September 11, 1995

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

3-WO
(516/517)

BATA FILE

LIBRARY

f Q K m m W E BANK

SEP 1 8 1995

orcmoo

Selected Interest &
Exchange Rates
Weekly Series of Charts

September 11, 1995

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551




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 PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100

120

RATIO SCALE
MARCH 1973=100
150

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

100

BELGIAN FRANC

130

80

60
300

110

'

'

'

I • '

• '

• I • • I I I I I

1

i i I

1

» i

JAPANESE YEN

SWISS FRANC

260

1 » i i 1 '

90
390
330
270

220

180
100

210

I I I I I '

'

I '

' I

1

I I I I

1

I

1

» '

I I

1

1

I

1

1

1

150
105

CANADIAN DOLLAR

80

85

U.K. POUND

60

40
195

65

1

1

1

I

'

'

'

1

1

'

'

1 '

'

1

1

1

I '

» '

1

1

'

» I »

1

»

195

155

135
115

45
215

GERMAN MARK

DUTCH GUILDER

175

'

175

i i i l i i » I

1

1

'

i i

1

1

i i i i i i i r i i i i i i i

ITALIAN LIRA

FRENCH FRANC

95

155
75
55

35
75

55

I '




'

I '

'
1993

'

I '

' '

I '

'
1995

'

• I '

» '
1993

I '

'

• I • » '
1995

• 15

CHART 2

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

2e

PERCENT PER ANNUM

GERMAN MARK

2

U.K. POUND

i i i I i i i l i i
CANADIAN DOLLAR

JAPANESE YEN
— —

/

x

V

-

i i i I i i i l i i i l i i i

1

1 1 I

SWISS FRANC

DUTCH GUILDER

1 1 1 I

1 1 i

1 i

i

i

/

'"~H

2
4
6

1

1 1 1 1 1 1 1 1 1 i

1 i

i

i

2

ITALIAN LIRA

FRENCH FRANC

8

2
6
10

14

» i i l '




i i l '
1993

i i I i i i
1995

'

'
1992

'

I '

I '

I I I I I • » I
1994

18

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

420

12.5 Kg BARS
AFTERNOON FIXING PRICE

400 —

400

380 - -

380

360

360

340 —

340

320

j

i
1991




i

I

i

i
1992

i

L

J
1993

i

L_i

i
1994

i

I

i

i
1995

i

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

SWITZERLAND
U.S. FEDERAL FUNDS

JAPAN

0

2
10

8
NETHERLANDS
6
GERMANY
4

2

2

16

14

FRANCE

12

CANADA

10

8
6
4

UNITED KINGDOM

2




1993

1995

1993

1995

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
10

PERCENT PER ANNUM

9
CANADIAN FINANCE PAPER

WEIGHTED AVERAGE
FOREIGN RATE

U.S. CD'S

NETHERLANDS INTERBANK RATE

U.K. INTERBANK STERLING

FRENCH INTERBANK RATE

JAPANESE CD RATE

GERMAN INTERBANK RATE
SWISS INTERBANK

i i '




I |

|
1993

|

I |

|

|

'

|

• i
1995

1993

1995

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

8

OVERNIGHT

3-MONTH

7-DAY

6-MONTH

1-MONTH

1-YEAR

i i i I i i i I i i i i i • •




1993

1995

1993

1995

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
7

PERCENT PER ANNUM
7

1

I

it

3-MONTH
EURO-DOLLAR DEPOSITS

OVERNIGHT
EURO-DOLLAR DEPOSITS

9 0 - D A Y CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE

J—I

1—1

1

'

I

I

'

I

J

I

L

J

1

1

1

1

1

DIFFERENTIAL

1

I

I

I

I

I

I

1

1

1

1

I

I

1

|

DIFFERENTIAL

r
J




1

1

1

1

I
1993

I

I

'

l

'

J

I
1995

L

1

1

1

I

1

1... 1
1993

1

1

1995

CHART 8

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

PERCENT PER ANNUM

7

6

7
CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING

——

COVERED LONDON

5 —
U.S. COMMERCIAL PAPER
DASHED LINE

EURO-DOLLAR DEPOSITS
DASHED LINE

3 —
1

I '

1

I '

1

1

I

1

1

1

1

1

'

'

DIFFERENTIAL

I '

» '

» '

'

'

I »

1

I

I—1

1 I

1 1 1 1 M

i

l

1

1 I

1 1 1

INTERBANK DM

—

COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

5 —
EURO-DOLLAR DEPOSITS
A
DASHED LINE
\

EURO-DOLLAR DEPOSITS
DASHED
"

3 ——
1

1

• 1

1

1

1

'

1

1

1

I I » •

1 1

DIFFERENTIAL

1

1

1

1

1

1

1 1

DIFFERENTIAL

yv,,, J , ,

I I I I '




'
1993

'

I

DIFFERENTIAL

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

6

'

I '

'

'

I I I I
1995

• ' '

I i i i I i i i I I I I
1993

1995

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNl

RCENT PER ANNUM

9

11

UNITED KINGDOM

UNITED STATES

10

8

9
7
8
6

5

7

'

'

i I i i i I i i i I

6
10

10

FRANCE

CANADA

9

9

8
8
7
7

6

6
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

8

SWITZERLAND

5
6

JAPAN

7

5

6

4

5

3

• i I '

4
9

i i

NETHERLANDS

I I 1 I I '

I I » I 1 1 I I 1

2
9

GERMANY

8

8

7

7

6

6

5

1

1

'




1

1

1

1

1993

I

1

» « I I '

'

1995

'

» i > '

» i I '
1993

• i I i i i
1995

5

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE

RATIO SCALE

1986=100
230
UNITED STATES

1986=100
210

UNITED KINGDOM

I I I I I I I 1 I I I 1 » I »
SWITZERLAND

JAPAN

GERMANY

CANADA

140

160

120

140

100

120

80
190

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

• i i l i '

FRANCE

NETHERLANDS

i I i i i I i i '

100
180

170 —

160

150 —

140

130 —

120

110

'

1

» l




1

1

1

1993

l '

1

i l i » i
1995

» • I I '

I » I '
1993

» I I I I I
1995

100

9-Aug-95
Chart 1.

16-Aug-95 23-Aug-95 30-Aug-95 6-Sep-95

Spot Exchange Rates and Indices

Noon buying rates

(U.S. cents, weekly averages)

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

3.2915
73.597
19.753
67.673
0.06165
1.03185
60.448
81.633
153.90

3.3004
74.408
19.725
67.886
0.06161
1.02812
60.592
82.437
154.54

3.3072
74.502
19.760
68.082
0.06157
1.02096
60.751
82.946
155.29

.70
.35
.01
.37
.39
.17
.53
.63
.25

130 .05
74 .16
88 .89
190 .97
35 .36
269 .19
173 ,
.95
265 .21
62 .50

130 .32
74 .25
.04
89 ,
191 .52
35 .34
267 .32
174 ,
.40
266 .85
62 .81

116 .22
63 .08
77 .02
187 .62
28 .47
266 .75
158 .98
52 .47
239 .23
52 .04
86 .11

116 .34
63 .70
76 .75
187 ,
.93
28 .40
265 .14
159 ,
.08
.56
52 ,
241,.21
52 .17
85 .91

116 .48
63 .73
76 .82
188,.36
28 .35
262 ,
.80
159 ,
.37
52 ,
.62
242 ,
.51
52 .40
85 .81

-0.,68
-0. 12
1. 44
-4 .43
5. 18
1. 78
3.
,00
-0.,93

-0 .63
0 .01
1 .48
-4 .32
5 .21
1 .88
3 .03
-0 .86

-0 .57
-0 .03
1,.58
-4 .29
,
,
5 .20
1,.89
2,
.99
-0,.87

-0,.55
-0..01
1..62
-4 .37
.
5.
.31
1..90
3.
.02
-0..84

384.20

383 .89

384 .07

382 .
.94

380..60

5.73
5.69
6.59
6.18
4.36
0.84
4.04
3.06
6.34

5. 74
5. 75
6. 35
6. 08
4 .42
0. 96
4 .04
3. 21
6. 45

5 .70
5 .73
6 .34
5 .93
4 .22
0 .84
4 .00
3 .03
6 .10

5.,71
5.,73
6..28
5..76
4.
.19
0..84
3..89
.13
3.
6..59

5..77
5..73
6..22
5..70
4.
.24
0..88
3..77
2..81
6..25

3.4693
73.643
20 .689
71.364
0.06332
1.09570
63.666
86.252
160.34

3.3576
73.531
20.083
69.067
0.06215
1.05375
61.662
83.157
156.94

136.71
73.40
93.23
200.75
36.34
286.89
182.77
277.48
64.85

132. 30
73 .29
90. 50
194 .29
35. 68
275 .91
177 .02
267. 53
63 .48

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

129
73
89
190
35
270
173
262
62

Weighted average exchange value indices , Mar. 19731 = 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.

-0.81
-0.10
1.47
-4.64
5.23
1.77
3.16
-0.91

Gold Price in London, Afternoon Fixing

U.S. dollars per fine ounce
Chart 4.

117 .,06
62 .,15
77 .,33
189 .,28
28..33
269 ..13
160.,15
52 .,67
240.,57
52 .,42
84 ..71

3-Month Forward Exchange Rates, Premium or Discount

Canadian dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
U.K. pound
Chart 3.

118.48
60.83
78.06
191.88
28.24
274.54
161.99
52.41
244.37
52.42
82.43

Call Money Rates

U.S. federal funds
Overnight Euro-dollar deposits
Canada
France
Germany
Japan
Netherlands
Switzerland
United Kingdom




9-Aug-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 .75
6 .73
5 .85
4 .41
0 .78
4 .08
2 .70
6 .78
5 .23

5 .78
6 .67
5 .90
4 .40
0 .84
4 .05
2 .80
6 .73
5 .21

5 .78
6 .52
5 .80
4 .39
0 .87
4 .03
2 .86
6 .70
5 .17

5 .76
6 .46
5 .70
4 .18
0 .82
3 .92
2 .84
6 .73
5 .08

5 .76
6 .44
5 .73
4 .18
0 .77
3 .89
2 .76
6 .69
5 .07

5 .69
5 .73
5 .78
5 .78
5 .81
5 .83

5 .75
5 .77
5 .80
5 .81
5 .81
5 .90

5 .73
5 .75
5 .80
5 .81
5 .86
5 .95

5 .73
5 .74
5 .76
5 .78
5 .81
5 .86

5 .73
5 .74
5 .77
5 .77
5 .77
5 .80

Euro-Dollar Deposit Rates

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

16-Aug-95 23-Aug-95 30-Aug-95 6-Sep-95

Selected Euro-dollar & U.S. Mone? r Market Rates

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

5 .69
5 .73
-0,.04

,
5 .75
5 .74
,
0..01

5 .73
5 .70
0 .03

5 . 73
5 .71
0 .01

5 .73
,
5.
, 77
-0,.04

5,.78
.
5 .75
0,.03

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

5 .81
5 .78
0 .03

5,.78
5,.76
0,.02

.77
5.
5..76
0,.02

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

.78
5,
5..85
-0..06

5..81
5.
.78
0..02

5 .81
5 .83
-0 .02

5..78
5..84
-0..07

5..77
5.,84
-0..07

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

5..81
5..91
-0..11

5.
,83
5..98
-0..15

5 .84
5 .89
-0 .05

5..80
5..88
-0..08

5.
.78
5..88
-0..11

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

5..78
5..90
-0..12

.81
5.
5.,85
-0.,05

5 .81
5 .89
-0 .08

5.
.78
5..78
-0,.00

5., 77
5y.82
-0. 04

Euro-dollar deposit
Swiss interbank, covered
Differential

5..78
5..88
-0.,10

5 .81
5. 83
-0. 02

5 .81
5 .91
-0 .10

5.
,78
5.,85
-0.,08

5. 77
5. 80
-0. 03

Chart 9.

nd Yields
8. 36
7. 34
6. 74
3. 26
4 .52
6. 78
8. 14
6. 56

8,.30
7..32
6,.73
3.
.36
4.
.47
6..79
8..08
6..57

8. 08
7. 33
6. 69
3. 31
4 .45
6. 72
8. 05
6. 38

7. 94
7. 35
6. 67
3. 19
4 .41
6. 67
7. 97
6. 21

3-month Euro-dollar deposit
U.S. 90-day CD's, secondary market
Differential
Chart 8.

Interest Arbitrage, 3-Month Funds

10-year maturity, where available

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

Stock Indices

8. 35
7.
,33
6. 68
3 .16
4 .51
6. 72
8. 07
6. 49
(Wednesday figures)

Canada
154 ,
.02
153 ,
.57
153 .56
151 .00
France
150 ,
.23
151..64
150 .76
148 .83
Germany
123 .09
123 ,
.58
123 .98
123 .13
Japan
102 ,
.05
109 .
.57
106 .56
107 .56
Netherlands
163 .80
163..69
164 ,
.78
163 .69
Switzerland
236 .40
242 .
.97
244 ,
.22
244 .93
United Kingdom
201..76
202..60
204..81
204 .08
United States
220..58
220..42
219 .
.81
221 .57
Indices (in order, rebased to 1986=100)
U C U C i Q 1 OJ
at 22dec93, FAZ Aktien, Tokyo SB (Topix), CBS All-General, Swiss Bank Index,
Financial Times Ordinary, NYSE Composite



152 ,
.36
148 ,
.62
125 .05
106 .22
166,.24
248 .91
206..79
225..24
to SBF250

. < 0 ? GOV,

FEDERAL RESERVE statistical release
H.10(512)

September 8, 1995

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

SEPTEMBER 8, 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
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

DOLLAR

Sep. 4

(CURRENCY UNITS PER DOLLAR)
Sep. 5
Sep. 6
Sep,
0.7510
10.291
30.130
1.3430
8.3381
5.6735
1.2767
4.38Q5
5.0515
1.4633
235.66
7.7415
32.400
1.5890
1626.25
97.77
2.4958
6.2350
1.6398
0.6525
6.4005
152.30
1.4230
3.6605
769.90
125.640
52.000
7.3045
1.2015
27.490
25.060
1.5565

85.63

0.7505
10.400
30.440
1.3393
8.3378
5.7325
1.2655
4.3955
5.0940
1.4787
237.70
7.7425
32.290
1.5780
1622.50
98.79
2.5000
6.2550
1.6570
0.6507
6.4640
153.61
1.4260
3.6630
770.90
126.660
51.500
7.2955
1.2140
27.500
25.090
1.5501

86.20

0.7510
10.385
30.380
1.3390
8.3375
5.7175
1.2675
4.3740
5.0885
1.4762
237.12
7.7410
32.210
1.5780
1620.25
98.58
2.4985
6.2600
1.6547
0.6515
6.4490
153.38
1.4235
3.6620
771.00
126.520
51.750
7.2765
1.2140
27.500
25.090
1.5500

86.09

Sep. 8
0.7515
10.413
30.450
1.3446
8.3375
5.7225
1.2669
4.3910
5.0878
1.4803
237.44
7.7417
32 260
1.5750
1615.50
99.75
2.5027
6.2800
1.6582
0.6505
6.4545
153.19
1.42*2
3.6680
771.00
126.250
52.100
7.1905
1.2170
27.500
25.120
1.5482

86.29

*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.