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 W eekly Series o f Charts September 2, 1997 DIVISION OF INTERNATIONAL FINANCE Prepared by the BOARD OF GOVERNORS FINANCIAL MARKETS FEDERAL RESERVE SYSTEM SECTION W ashington, D.C . 20551 Table of Contents TABLES 1. LATEST FIGURES PLOTTED EXCHANGE RATES CHARTS 1. SPOT EXCHANGE RATES 2. 3-MONTH FORWARD EXCHANGE 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 9. LONG-TERM GOVERNMENT 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 SCALE I 1973=100 RATIO SC MARCH 1973= 130 120 110 100 90 100 160 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 150 140 130 120 80 110 70 100 60 i i i I i i i I i i i I i i i 90 330 310 290 270 250 380 350 230 230 210 200 190 170 105 95 85 75 65 320 290 260 110 100 U.K. POUND 90 80 70 55 60 45 50 35 i i i I i i i I i i i I i i i 40 195 185 175 165 155 210 145 160 135 150 125 140 200 190 180 170 120 110 FRENCH FRANC 100 90 80 70 60 50 40 30 80 20 70 60 I I I I I I I I I I I I I I 1995 1997 10 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR M AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM lo + PERCENT PER ANNUM + O I CM Tfr CO CM T+ O I 1CM CO in CO CM "I- + O I 1CM i i i I i i i I i i i I i i i CM + O I CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE u s - DOLLARS PER FINE OUNCE CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM o co CM hCO lO CO (NO) PERCENT PER ANNUM CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANNUM CM CO hCO ID T t CO CM t- O lD PERCENT PER ANNUM CHART 6 EURO-DOLLAR DEPOSIT RATES, LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM CM CO CO 'MCM 00 CM CO 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 DIFFERENTIAL +O I +o I J___ I___ I___ I___ I 1995 1997 I 1995 I I i I___ I___ I___ I I 1997 I I ! CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM lo + io + fo -*• no co co ^ 01 cn O) o> -nI -»■ -vj -*> 10 + Io + PERCENT PER ANNUM 1995 1997 1995 1997 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER ANNUM CVJ 00 CVJ 00 PERCENT PER ANNUM CHART 10 STOCK INDICES WEEKLY SERIES RATIO SCALE 1986=100 RATIO SCALE 1986=100 30-Jul-97 6-Aug-97 Chart 1. 13 -Aug-97 20-Aug-97 27-Aug-97 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 2.6319 72.207 16.130 54.353 0.05582 0.85126 48.263 65.997 163.88 2.5940 72.321 15.889 53.617 0.05482 0.84361 47.594 65.514 162.63 2.6089 71.824 15.989 53.892 0.05519 0.86075 47.835 65.764 158.62 2.6411 71.897 16.185 54.540 0.05587 0.84796 48.508 66.010 160.25 2.6637 71.779 16.327 55.005 0.05638 0.84497 48.930 66.685 160.52 103.71 71.97 72.69 152.90 32.04 222.89 138.55 212.32 66.28 102.22 72.08 71.60 150.83 31.47 220.88 136.63 210.77 65.78 102.80 71.59 72.05 151.60 31.68 225.37 137.33 211.57 64.15 104.07 71.66 72.93 153.42 32.07 222.02 139.26 212.36 64.82 104.96 71.54 73.57 154.73 32.36 221.24 140.47 214.53 64.93 103.35 70.00 69.64 165.13 28.79 249.32 140.87 54.49 216.90 61.48 100.41 104.15 69.70 70.20 166.51 29.02 243.81 142.23 53.94 216.63 61.84 99.78 104.62 69.26 70.56 167.37 29.17 241.71 142.91 54.28 217.96 61.67 99.24 2.07 2.30 2.37 -1.18 5.26 2.32 4.23 -1.46 2.05 2.34 2.41 -1.19 5.33 2.33 4.34 -1.46 2.15 2.33 2.45 -1.16 5.31 2.27 4.28 -1.51 2.13 2.33 2.40 -1.11 5.27 2.27 4.31 -1.55 325.45 322.89 324.95 324.18 324.31 5.57 5.49 3.14 3.13 2.95 0.48 3.00 1.43 6.74 5.62 5.55 3.16 3.13 3.16 0.49 3.18 1.16 6.64 5.45 5.49 3.16 3.13 3.06 0.47 3.21 1.10 6.84 5.59 5.51 3.15 3.13 3.04 0.47 3.26 0.96 7.07 5.56 5.54 3.15 3.13 3.06 0.50 3.05 0.91 7.04 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, March 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. 2.05 2.34 2.51 -1.21 5.25 2.39 4.12 -1.36 Gold Price in London, Afternoon Fixing U.S. dollars per fine ounce Chart 4. 102.97 70.68 69.32 164.55 28.65 244.36 140.44 54.27 216.55 63.36 100.69 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. 103.57 69.89 69.80 165.49 28.94 244.39 141.20 54.51 216.20 63.27 99.56 Call Money Rates U.S. federal funds Overnight Euro-dollar deposits Canada France Germany Japan Netherlands Switzerland United Kingdom 30-Jul-97 6-Aug-97 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. 5.58 3.67 3.27 3.09 0.66 3.24 1.50 6.95 3.66 5.59 3.67 3.32 3.14 0.63 3.26 1.43 7.04 3.67 5.61 3.70 3.31 3.17 0.59 3.33 1.43 7.10 3.69 5.59 3.63 3.31 3.19 0.57 3.35 1.38 7.13 3.69 5.59 3.66 3.31 3.23 0.56 3.39 1.38 7.17 3.70 5.49 5.53 5.50 5.56 5.69 5.84 5.55 5.50 5.50 5.56 5.68 5.85 5.49 5.53 5.50 5.61 5.73 5.98 5.51 5.51 5.50 5.58 5.71 5.89 5.54 5.56 5.50 5.56 5.69 5.93 Euro-Dollar Deposit Rates Overnight 7-day 1-month 3-month 6-month 1-year Chart 7. 13-Aug-97 20-Aug-97 27-Aug-97 Selected Euro-dollar & U.S. Money Market Rates Overnight Euro-dollar deposits U.S. federal funds Differential 5.49 5.57 -0.08 5.55 5.62 -0.07 5.49 5.45 0.04 5.51 5.59 -0.08 5.54 5.56 -0.02 3-month Euro-dollar deposit U.S. 90-day CD's, secondary market Differential 5.56 5.58 -0.01 5.56 5.59 -0.03 5.61 5.61 0.00 5.58 5.59 -0.01 5.56 5.59 -0.03 Euro-dollar deposit Interbank sterling (London), covered Differential 5.56 5.57 -0.00 5.56 5.55 0.01 5.61 5.62 -0.01 5.58 5.60 5.56 5.59 -0.02 -0.02 U.S. commercial paper Canadian finance paper, covered Differential 5.56 5.74 -0.18 5.57 5.76 -0.19 5.57 5.78 -0.20 5.56 5.81 -0.25 5.55 5.81 -0.26 Euro-dollar deposit Interbank DM (Frankfurt), covered Differential 5.56 5.61 -0.05 5.56 5.53 0.03 5.61 5.60 0.00 5.58 5.67 -0.09 5.56 5.65 -0.09 Euro-dollar deposit Swiss interbank, covered Differential 5.56 5.63 -0.07 5.56 5.67 -0.11 5.61 5.78 -0.17 5.58 5.67 -0.09 5.56 5.70 -0.13 5.88 5.53 5.60 2.17 3.27 5.55 6.99 6.18 6.01 5.62 5.69 2.17 3.29 5.64 7.05 6.35 5.97 5.56 5.64 2.13 3.31 5.58 7.02 6.24 6.05 5.60 5.70 2.10 3.33 5.63 7.09 6.37 225.84 228.89 212.71 112.83 354.03 470.38 245.72 357.05 222.41 221.87 199.14 109.10 334.78 452.80 244.12 349.96 Chart 8. Chart 9. Interest Arbitrage, 3-Month Funds Long Term Government Bellwether Bond Yields 10-year maturity, where available Canada France Germany Japan Switzerland Netherlands United Kingdom United States Chart 10. 5.91 5.42 5.54 2.23 3.25 5.47 6.95 6.13 Stock Indices (Wednesday figures) 231.06 226.31 Canada 228.29 France 234.64 232.79 225.40 Germany 219.84 215.58 216.36 Japan 114.00 111.75 116.22 345.19 Netherlands 357.71 367.15 468.16 Switzerland 486.02 475.01 247.12 United Kingdom 241.32 245.14 351.70 United States 362.84 365.36 Indices (in order, rebased to 1986=100) are Toronto Composite, SBF250, FAZ Aktien, Tokyo SE (Topix) , CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite
@FedFRASER