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(516/517) * 7 i --iiE Selected Interest & Exchange Rates XAfeekly Series of Charts September 16, 1985 Prepared by the FINANCIAL M A R K E T S SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS F E D E R A L RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $ 1 5 . 0 0 per year or $ . 4 0 each in the United States, its possessions, Canada, and Mexico; 10 or m o r e of t h e same issue t o o n e address, $ 1 3 . 5 0 per year or $ . 3 5 each. Elsewhere, $ 2 0 . 0 0 per year or $.50 each. Address requests to Publications Services, Division of Administrative Services, and m a k e p a y m e n t remittance payable t o the order of t h e Board of Governors of the Federal Reserve System in a form 2. DAILY CERTIFIED SPOT EXCHANGE RATES HI.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 A N D U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES 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 SC MARCH 1 9 7 3 = -E '3=100 JAPANESE YEN FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 80 —| — 120 CANADIAN DOLLAR SWISS FRANC 100 80 - / X^A. - 70 60 I 50 160 I I I I I I I I I I I II I I I I l l l l l l l l l l GERMAN MARK DUTCH GUILDER 140 120 100 80 " l 70 I I I I I — 100 FRENCH FRANC U.K. POUND 80 70 - \ - ^ 60 50 i 40 i i I I I I l l l l l l l l l l 120 BELGIAN FRANC 1983 ITALIAN LIRA 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM CENT PER ANNUM 24 CANADIAN DOLLAR ITALIAN LIRA — — - I I I I I I I I I I I I I I I I I I I I II II I I I I I II II I I I II I 12 - A U. K. POUND - — DUTCH GUILDER — \ I I r 6 ~~ I I I I 0 12 GERMAN MARK f \ Vv -A - \i / SWISS FRANC — a A v " \ - I i I | ^ 1 1 1 FRENCH FRANC JAPANESE YEN 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 560 520 480 - - 560 - 520 - 480 - 440 12.5 Kg BARS AFTERNOON FIXING PRICE 440 — 400 400 360 — 320 - 280 - - 320 280 240 I I I I I 240 360 1982 1983 1984 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNL 3 ERCI PER ANNUM 24 20 FRANCE 16 U. S. FEDERAL FUNDS 12 8 JAPAN 4 0 24 20 16 SWITZERLAND - CANADA L - 12 - - i i i - - GERMANY n. „ . -« < ™ NETHERLANDS I 1983 1985 I I I I 1983 I 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANI R PER ANNUM 16 18 14 16 U.S. 12 | \ CD S CANADIAN FINANCE CO. PAPER 14 12 10 8 J WEIGHTED AVERAGE FOREIGN RATE 6 I I I I I V - I 8 12 16 U.K. INTERBANK STERLING 14 GERMAN INTERBANK RATE •A 10 - 8 12 10 8 10 6 - l l l M l l I I' I I 4 11 17 FRENCH INTERBANK RATE 15 NETHERLANDS INTERBANK RATE 1 a/M - 9 7 13 11 - 1 9 1 1 1 1 1 5 3 10 8 JAPANESE GENSAKI RATE A SWISS INTERBANK RATE - 8 7 6 6 - 5 n i h i l J _ L 1983 1985 1983 4 2 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANH T PER ANNUM 24 20 3-MONTH 16 OVERNIGHT 12 8 4 24 - - 20 16 6-MONTH 7-DAY - V - 12 8 I 4 I I I I I i l l ii h i l l i i i l l i h i l l i 24 20 16 1-YEAR 1-MONTH 12 8 4 1983 1985 1983 1985 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 20 20 18 - - 16 14 t 71 J 3-MONTH FEDERAL FUNDS EURO-DOLLAR DEPOSITS DASHED LINE 1 12 10 - - Irl j - \\ 90-DAY CD S OVERNIGHT E U R O - D O L L A R DEPOSITS 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I I I I I I I I I 1 1 1 1 1 1 1 1 1 1 1 — DIFFERENTIAL DIFFERENTIAL - - | i i i V V M N V ^ j p J 1 1 1 l-/ V^/VAVaV1A/^ 11111111111 1983 1 P E R C E N T 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 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 1 11111111111 1985 1983 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER A M IT PER ANNUM 22 22 18 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 14 14 DASHED LINE 10 10 INTERBANK STERLING 6 COVERED LONDON 6 U. S. COMMERCIAL PAPER 2 2 4 2 2 DIFFERENTIAL DIFFERENTIAL + 0 + 2 0 4 II 2 22 22 18 18 14 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 10 EURp-DOLLAR DEPOSITS 6 1 2 1 6 EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 1 II III III I I 2 2 2 DIFFERENTIAL DIFFERENTIAL + 0 rVnJl 2 1 1983 1985 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON RATE S C A L E — — 1 11111111111 1 1983 0 2 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 19 19 UNITED STATES 15 # RR - 11 L CANADA -Vl/ | - - \ 15 11 e - i 7 i I i I I i i i I I I 15 UNITED KINGDOM e - 11 SWITZERLAND - - - - i 7 # 13 i i I I I I I I II I I II I IM l , . I , . I N I I I I I I 1 13 MONTHLY - JAPAN GERMANY - - 9 e I 5 •< 22 t 18 • I I I I U. S. CORPORATE I I I I I II I II I II I I I I I I I MONTHLY — - FRANCE Aaa BONDS - — 14 NETHERLANDS MONTHLY 10 •# 6 I I I I I 1983 I lllllllllM Illllll.lll 1985 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED STATES UNITED KINGDOM 260 220 260 - y - 180 — NETHERLANDS 140 100 - A FRANCE - - / V — 180 — 140 - 100 V hf — - Y 220 A ,/V nf\J - j J W - 80 80 M l I I I MIiiIMII, M i n i , , 1 , 7 I I I I ILLLLLLLLLL SWITZERLAND - 140 - 100 I I 220 180 140 100 GERMANY - 7 ^ V I 80 320 — 280 - 240 — - K J \ J A- I I 7 I I I Y, — J - H\ V - - 160 120 CANAD#I - j JAPAN 200 I l l l l l l l l l l i i l i i l n l i i 160 - I I I I I 1983 I MIMIIIIII I l l l l l l l l l l 1985 I I I I I 1983 I ILLLLLLLLLL 1985 120 L A S t VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 1 . SPOT EXCHANGE KATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KR08A INDICES, MARCH 1 9 7 3 BASE BATES = 8SIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( t i - 1 0 COUNTRIES FLOS SWITZERLAND) CHART 2 . 3 1 . 16 0.41211 3 0 . 40 1 3 2 . 32 72.95 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 11 11 11 11 11 11 11 11 11 9 6 . 10 107.90 87.27 53.52 72.70 50.48 133.36 66.69 29.16 11 11 11 11 11 11 11 11 11 11 11 142.89 133. 43 149.15 116.74 68.49 96.00 6 3 . 83 179.53 8 7 . 74 35.91 67.43 11 11 11 11 11 11 11 11 - 0 . 92 -3.23 3.62 - 1 . 97 3.64 2.39 1.91 -4.45 11.20 41.45 1.69238 0. 05133 11.65 BAR 1 9 7 3 = 100 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR O . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 1 1 1 1 1 1 1 1 1 1 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN L I S A U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. LAST VALUE H O T T E D DATE VALUE S E R I E S NAME CHART 3 . GOLD PRICE IN LONDON, AF1EBNOON FIXING U.S. CHART 4 . DOLLARS PEE FINE OUNCE SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 11 11 11 11 11 11 11 11 11 7.80 7 . 80 11.60 8.95 4.58 6.28 9.74 5. 78 1. 63 S E P T . 11 S E P T . 11 SEPT. ,11 S E P T . 11 SEPT. 11 S E P T . 11 S E P T . 11 S E P T . 11 SEPT. 11 7.93 4.66 6.31 9 . 18 11.64 4.61 9.68 5.76 7.80 EURO-DOLLAR DEPOSIT BATES: LONDON OVERNIGHT 7-DAY 1—MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 320,96 3-MONTH INTEBEST BATES U . S . 9 0 - D 6 Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE P A P I B INTERBANK STEELING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK BATE WEIGHTED AVERAGE FOREIGN INTEBEST RATE < 5 - 1 0 COONTBIES P I O S SWITZERLAND) CHART 6 . 11 CALL HONEY BATES U . S . FEDERAL FUNDS OV££SIGHT EURO-DOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . SEPT. SELECTED EURO-DOLLAR AND U . S . SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 11 11 11 11 11 7.80 7.95 8.06 8 . 19 8.39 8.78 11 HONEY MARKET BATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL SEPT. SEPT. SEPT. 11 11 11 7 . 80 7. 80 0.0 3-MONTH EURO-DOLLAR DEPOSIT BATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL SEPT. SEPT. SEPT. IS 11 11 8 . 19 7. 93 0.26 S E R I E S NAME CHART 8 . L A S I VALUE PLOTTED BATE VALUE X'N I Eft EST ARBITRAGE, 3-MONTH FUNDS EUBO-DOLL I S DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 1 1 1 8 . 19 8.31 • 0 . 13 U . S . COMMERCIAL PAPER CANADIAN FINANCE SABER, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 1 I 1 7 . 83 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 1 1 I EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. I 1 1 CHART 9 . 8 . 19 e.32 • 0 . 13 8 . 19 8.30 -0.11 LONG TERM GGVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MQNIiLLY) UNITED KINGDOM U.S. 8.21 •0.40 SEPT. 6 6 SEPT. JAN. AUG. 16 9 AUG. AUG. 9 JUNE 6 SEPT. 10.29 6.29 6.29 4.78 10.92 11.61 7.39 9.95 CORPORATE AAA BONDS CHART 1 0 . 11.05 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN AUG. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 4 4 4 4 4 4 4 4 192.31 221.26 276.73 213.81 160.25 232.40 224.49 266.49 :ofoov>,-. FEDERAL RESERVE statistical release H.10 (51J) SEPTEMBER 13, 1985 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SBPTBMBEB 13, 1965 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: MONETARY UNIT COUNTRY •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.B. DENMARK FINLAND FRANCE GERMANY GREECE HONG KONG INDIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEW ZEALAND NORWAY PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOUTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA DOLLAR SCHILLING FBANC CBUZEIBO DOLLAB YUAN KRONE MARKKA FBANC D. MARK DRACHMA DOLLAB BUPEE POUND SHEKEL LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE PESO BSCUDO DOLLAR RAND WON PESETA BUPEE KRONA FBANC DOLLAB BAHT POUND BOLIVAR MEMO: U N I T E D STATES DOLLAR SEP. 9 66.75 20.663 59.350 7265.00 1.3711 2.9697 10.6650 6.2050 8.9750 2.9435 140.000 7.3175 12.4000 105.70 NA 1955.00 243.45 2.5060 363.0000 3.3085 53.200 8.5900 NA 17b.000 2.2960 38.40 8.94 172.650 2 7.462 8.6250 2.4230 40.390 2 7. 4 8 0 130.45 NA 143.67 (CURRENCY U N I T S £EB DOLLAR] S E P . 11 S E P . 10 67.47 2 0 . 6 73 59.370 7310.00 1.3716 2.9786 10.6550 6.1025 8.9650 2.9405 140.300 7.8170 12.3300 105.88 NA 1956.00 242.75 2.5085 369.0000 3.3030 51.850 8.5680 NA 175.560 2.2920 40.00 894.70 172.900 27.462 8.6160 2.4260 40.450 27.550 131.30 NA 67.20 20.795 59.760 7360.00 1.3726 2.9786 10.7250 6.2300 9 . 0250 2.9605 141.200 7.8165 12.3200 105.00 NA 1968.00 243.55 2.5130 366.0000 3.3255 51.720 8.6100 NA 176.500 2.2995 40.40 894.50 174.100 27.462 8.66C0 2.4400 40.450 2 7 . 550 130.85 NA 143.45 144.19 SEP. 12 6 7 . 29 20.860 59.350 7405.00 1.3734 2.9786 10.6950 6.2440 8.9775 2.9440 141.000 7.8165 12.4400 105.75 NA 1964.00 243.20 2.5200 374.0000 3.3065 52.400 8.6100 NA 176.700 2.3Ufc5 40.35 894.30 174.700 27.462 8.4,200 2.4250 40.440 27.580 131.85 NA 143.55 SEP. 13 67.80 20.398 58.580 7455.00 1.3726 2.9786 10.4850 6. 1325 8.8500 2.9000 139.500 7.8150 12.2500 107.30 NA 1949.00 242.00 2.5125 377.0000 J.2585 52.420 8.4725 NA 175.500 2.2850 40.80 894.86 171.750 27.462 8.5300 2.3930 NA 27.590 134.00 NA 1*1.94 IINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAR AGAINST COHBENCIES OF OTHEB G - 1 1 C O O N I B I E S . MABCH 1 9 7 3 = 1 0 0 . WEIGHTS ABB 197 2 - 7 6 GLOBAL XBASE OF EACH OF THE 10 CCOtlTBIES. S E d l E S REVISED AS OF AUGUST 1 9 7 8 . FOB DESCRIPTION AND BACK DATA, SEB "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: R E V I S I O N " ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL BESBBWE B U L L E T I N . •VALUE I S U.S. CENTS
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