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s - (516/517) *£!v OAT* FILE I t o ft A ttV LIBRARY FEDERAL RESERVE BAMS QE CHICAGO Selected Interest & Exchange Rates Weekly Series of Charts September 24,1984 Prepared by the FINANCIAL MARKETS SECTION DiVISlON 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 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 SCALE MARCH 1973=100 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 160 # e 140 - 120 - 100 — / - j 100 | I I 80 120 JAPANESE YEN FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I ill 111 ill I I — _ SWISS FRANC CANADIAN DOLLAR — 80 180 I I 60 I I @ M I H I H I M I Ml.III.hi LU 120 — 160 140 I — GERMAN MARK W . 120 - V l i j * - 100 - I I I I I I I I I l l I 2^2 - 100 FRENCH FRANC U.K. POUND 80 - DUTCH GUILDER - 80 — 70 — 60 - 50 ITALIAN LIRA BELGIAN FRANC 40 - I 1982 — 1984 I t I I 1982 I 30 1984 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 — - CANADIAN DOLLAR w v v I "v ITALIAN LIRA - - "V 1 N I i I i i lllllllllll 1111111 I III lllllllllll 24 lllllllllll 6 — — pjL J DUTCH GUILDERI U.I K. POUND - \r ^ \ - 6 I lllllllllll 9 I I I I I 12 15 SWISS FRANC - i GERMAN MARK T - - I I I I I I I I|II FRENCH FRANC JAPANESE YEN 1982 1984 1982 1984 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 550 550 - 12.5 Kg BARS AFTERNOON FIXING PRICE 500 - 450 - - 500 - 450 400 400 - 350 - 300 - 350 - 300 250 250 - 1981 1982 1983 1984 CHART 4 CALL MONEY RATES WEEKLY SERIES R ANNUM PERCENT PER AH 28 24 \ 20 A FRANCE U. S. FEDERAL FUNDS 16 I R V U / I i r - 12 JAPAN 8 4 I I I 1 1 i 24 CANADA 20 EURO-SWISS FRANC 16 12 8 4 0 I II 24 20 16 U. K. 2-DAY LOCAL AUTHORITY 1 GERMANY - 12 1EURO-DM * 8 I I I 4 1982 1984 1 1 1982 1 IIIIIIIIIII 1984 CHART 5 3-MONTH INTEREST RATES WEEKLY SERES T PER ANNUM PERCENT PER M 22 24 18 20 U.S. CD'S CANADIAN FINANCE CO PAPER 14 16 10 12 WEIGHTED AVERAGE FOREIGN RATE 6 8 20 16 16 UK. INTERBANK STERLING 12 GERMAN INTERBANK RATE 12 8 8 4 11 12 I SWISS INTERBANK RATE -iy 9 — 8 JAPANESE BANK LOANS AND DISCOUNTS 7 4 - i i i 5 1982 1984 I I I 1982 0 1984 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER AL 24 20 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 16 12 8 4 24 20 16 12 8 4 24 20 16 12 8 4 1982 1984 1982 1984 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 26 26 22 FEDERAL FUNDS 18 3-MONTH E U R O - D O L L A R DEPOSITS 14 - 22 - 18 — 14 - 10 OVERNIGHT 10 E U R O - D O L L A R DEPOSITS 90-DAY CD S I I tl/S / 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 DIFFERENTIAL DIFFERENTIAL I 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 i I I I I I I I I I I I I I I 1982 1984 i i I I 1982 I III M I I I I I 1 1I1 1 1 1 1 1 1 1 1 1984 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANI 28 28 EURO-DOLLAR DEPOSITS 20 DASHED LINE 20 % CANADIAN FINANCE CO. PAPER, COVERED 12 12 INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER I I I I I, I II MIL DIFFERENTIAL — DIFFERENTIAL (Y I 2 I I x ~ i II - ^-v/- Wv^ i - i 4 28 28 20 SWISS INTERBANK (SF> COVERED INTERBANK DM COVERED FRANKFURT i V\ 12 1 4 2 1DIFFERENTIAL DIFFERENTIAL '^ V uv v —"V ' I "l 1984 1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE 12 1 - 1982 - DASHED LINE 1 I 20 EURO-DOLLAR DEPOSITS^, EURO-DOLLAR DEPOSITS —DASHED LINE I a-AA - 1 1 1 1 1982 ''AIVVvvv/ — 1 1984 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES | PERCENT PER ANNUM PERCENT PER ANNUM 19 19 — UNITED STATES 15 - 11 . Jl CANADA I - - 15 11 - I 15 ~ ~ 11 V * I I I I I IIIMIHIM 7 9 SWITZERLAND - A I I UNITED KINGDOM - 7 I — — 111111111 I I I I I I I I I I I I I I1 I I I 13 MONTHLY GERMANY JAPAN I 22 $ U. S. CORPORATE I I I I - I t lllllllllll ~ 22 MONTHLY ! FRANCE 18 Aaa BONDS 1 - 14 14 # - — 10 ! - - NETHERLANDS 10 \ MONTHLY e A, I I I http://fraser.stlouisfed.org/ Federal I Reserve Bank of St. Louis l I 1982 I ,M|~ 1984 I I ! I I I 1982 I lllllllllll 6 1984 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 240 240 yv. 200 - UNITED STATES 160 - - - - - ft JAPAN V VX - 200 - 160 v 120 — I I 120 I I N I I I III I 111 I I I I I I I II III 210 I I I I I I ~ 111 < < I < < I < < — 210 170 170 UNITED KINGDOM 130 v V S Z — V M j - - - / v > U r fiT FRANCE 130 / V 90 — I 70 I I illllllll - Illllllll 190 70 — 150 ^ 'Vvv GERMANY 190 / - 150 SWITZERLAND - -vv 110 I 70 j. . - - I I I I I 90 I I I I I I I MI<<I<<I<I I I I I 110 I I I I I I I I l II I I I l 70I I — 180 360 NETHERLANDS I' V y A r * CANADA 140 - 100 - 60 200 - 80 - I I I I I 1982 I Ill III I I I I I 1984 280 - I I I I I 1982 I 160 120 1984 SEBIES CHAHT 1. S P O T WEEKLY L A S T V A L U E PLOTTED DATE VALUE NAME E X C H A N G E B A T E S AND I N D I C E S A V E R A G E S , NOON BUYING B A T E S (U.S. C E N T S ) G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. P O U N D C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA S W E D I S H KRONA INDICES, MARCH 1973 BASE R A T E S = SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 32.61 0.40631 28.93 124.89 75.94 10. 62 39.61 1.62115 0.05297 11.57 100 G E R M A N MARK J A P A N E S E YEN DUTCH G U I L D E R U.K. P O U N D C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA W E I G H T E D A V E R A G E E X C H A N G E VALUE I N D I C E S , MAR (G-10 C O U N T R I E S P L U S S W I T Z E R L A N D ) U.S. DOLLAR G E R M A N MARK J A P A N E S E YEN DUTCH GUILDER U.K. POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA S W E D I S H KRONA 19 19 19 19 19 19 19 19 19 19 S E P T . 19 S E P T . 19 S E P T . 19 SEPT. 19 SEPT. 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 1973 = 91.72 106.39 83.06 50.51 75.69 47. 86 127.44 63.88 30.09 100 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 SEPT. 19 SEPT. 19 146.91 129.53 150.43 113.34 65.73 102.64 61.63 175.22 85.81 38.02 68.50 CHART 2. 3 - M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR D I S C O U N T C A N A D I A N DOLLAR U.K. P O U N D G E R M A N MARK F R E N C H FRANC SWISS F R A N C DUTCH GUILDER J A P A N E S E YEN I T A L I A N LIRA SEPT. 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 S E P T . 19 SEPT. 19 SEPT. 19 -0.38 0.90 5.96 0.31 6.40 5.36 5.25 -3.32 LAST VALUE PLOTTED DATE VALUE S E 8 I E S NAME CHART 3. G O L D PRICE IN L O N D O N , A F T E R W O O N FIXING U.S. D O L L A B S PER FINE OUNCE CHART 4. CALL SEPT. 19 SEPT. SEPT. SEPT. AUG. SEPT. SEPT. SEPT. SEPT. JAN. SEPT. 19 19 21 24 21 21 21 21 1 21 k 11.46 1 1.36 10.75 ' 12. 14 5.50 5.25 6. 19 1 1.75 10.30 2. 15 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 19 19 19 19 19 19 19 11.32 5.80 6.31 12. 19 4 10.76 ^ 5. 13 8. 79 338.06 MONEY R A T E S U.S. FEDEfiAl FUNDS O V E R N I G H T EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC C H A R T 5. 3 - M O N T H I N T E R E S T RATES U.S. 90-DAY CD'S, SECONDARY M A R K E T G E R M A N INTERBANK LOAN J A P A N E S E BANK LOANS 6 DISCOUNTS C A N A D I A N F I N A N C E PAPER I N T E R B A N K STERLING SWISS I N T E R B A N K LOAN W E I G H T E D A V E R A G E FOREIGN I N T E R E S T R A T E (G-10 C O U N T R I E S PLUS S W I T Z E R L A N D ) CHART 6. EURO-DOLLAR DEPOSIT R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1— YEAS SEPT. 19 SEPT. 19 S E P T . 19 S E P T . 19 S E P T . 19 SEPT. 19 36 45 56 69 1 1 . 88 12. 23 11. 11. 11. 11. CHART 7. S E L E C T E D EURO-DOLLAR AND U.S. MONEY M A R K E T R A T E S O V E R N I G H T EURO-DOLLAR DEPOSITS U.S. F E D E R A L FUNDS D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S 3 - M O N T H EURO-DOLLAR DEPOSIT R A T E U.S. 9 0 - D A Y C D ' S , SECONDARY M A R K E T DIFFERENTIAL SEPT. SEPT. SEPT. 19 19 19 36 46 - 0 . 10 SEPT. SEPT. SEPT. 19 19 19 11. 11. 11. 11. 0. 69 32 37 SERIES NAME LAST V A L U E PLOTTED DATE VALUE CHART 8, I N T E R E S T A R B I T R A G E , 3-MO NTH FUNDS EURO-DOLLAR DEPOSIT I N T E R B A N K STERLING (LONDON), C O V E R E D DIFFERENTIAL SEPT. SEPT. SEPT. 19 19 19 11. 69 11. 69 0. 00 U.S. C O M M E R C I A L PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 19 19 19 11. 09 11. 80 - 0 . 71 EURO-DOLLAR DEPOSIT I N T E R B A N K DM (FRANKFURT), C O V E R E D DIFFERENTIAL SEPT. SEPT. SEPT. 19 19 19 11. 69 11. 84 - 0 . 15 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 19 19 19 11. 69 11. 61 0. 08 SEPT. AUG. MARCH AUG. AUG. JUNE MAY SEPT. 14 31 12. 51 7. 71 6. 64 4. 77 12. 63 13. 90 8. 52 10. 16 CHART 9. LONG TERM G O V E R M E N T BOND Y I E L D S U N I T E D STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE N E T H E R L A N D S (MONTHLY) UNITED KINGDOM 31 24 29 14 U.S. C O R P O R A T E AAA B O N D S EURO-DOLLAR CHART 10. BONDS 13. 44 10. 29 STOCK INDICES UNITED STATES U N I T E D KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JULY NOV. S E P T . 12 S E P T . 12 SEPT. 12 S E P T . 12 S E P T . 12 S E P T . 12 SEPT. 12 SEPT. 12 172.54 188.55 231.77 150.17 125.93 158.18 174. 98 214.98 FEDERAL RESERVE statistical release H.10 (512) M l SEPTEMBER 21, 1984 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 21, 1984 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 MONETARY UNIT •AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.R. DENMARK FINLAND FRANCE GERMANY GREECE BONG KONG INDIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS • NEW ZEALAND NORWAY PHILIPPINES PORTUGAL SINGAPORE •SOUTH AFRICA SOOTH KOREA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND SHEKEL LIRA YEN RINGGIT PESO GUILDER DOLLAR KRONE PESO BSCUDO DOLLAR RAND WON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR MEMO: •UNITED STATES DOLLAR SEP. 17 (CURRENCY UNI'ES PER DOLLAR] SEP. 19 SEP. 18 S E P . 20 SEP. 21 82.59 21.602 61.840 2177.00 1.3185 2.5621 11.1120 6.3350 9.4280 3.0730 120.200 7.8580 11.8200 100.80 NA 1892.00 247.20 2.3535 198.2500 3.4650 48.740 8.6435 NA 159.000 2.1690 59.43 816.20 171.860 25.613 8.6460 2.5275 39. 140 23.020 124.20 NA 82.75 21.788 62.210 2216.00 1.3180 2.6018 11.1850 6.3780 9.5030 3.0935 121.000 7.8690 12.0000 100.38 NA 1905.00 246.18 2.3595 197.0000 3.4845 48.580 8.6870 NA 162.700 2.1715 58.88 816.50 173.700 25.710 8.6870 2.5430 39.150 23.020 123.20 NA 82.94 21.753 62.350 2216.00 1.3173 2.6018 11. 1920 6.3800 9.5090 3.0960 121.000 7.8630 11.9800 100.25 NA 1908.50 245.75 2.3590 197.0000 3.4905 48.630 8.7060 NA 160.300 2-1645 59.70 817.50 172.750 25.712 8.6975 2.5345 39. 170 23.020 123.70 NA 82.65 21.980 63.050 2216.00 1.3199 2.6109 11.3090 6.4370 9.6000 3.1280 121.000 7.8460 11.9600 99. 15 NA 1931.00 246.90 2.3635 197.0000 3.5290 48.450 8.7650 NA 161.250 2. 1680 58.70 816.90 173.230 25.712 8.7500 2.5570 39.190 23.000 122.10 NA 83.30 21.540 62.500 2253.00 1.3166 2.6331 1 1. 0930 6.3000 9.4050 3.0650 120.000 7.8375 11.9600 101.15 NA 1890.00 244.40 2.3500 197.5000 3.4600 48.900 8.6830 HA 162.500 2.1600 60.50 817.90 173.000 25.773 8.6650 2.5125 39.210 23.000 124.50 NA 147.29 147.98 147.96 149.29 146.92 •INDEX OF W E I G H T E D A V E R A G E E X C H A N G E VALUE OF U.S. DOLLAR A G A I N S T C U R R E N C I E S OF OTHER G-11 COUNTRIES. M A R C H 1973 = 100. H E I G H T S ARB 1972-76 G L O B A L T R A D E O F EACH OF T H E 10 C O U N T R I E S . SERIES R E V I S E D AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, S E E "INDEX OF THE W E I G H T E D - A V E R A G E E X C H A N G E V A L U E OF T H E U.S. D O L L A R : R E V I S I O N " ON PAGE 700 OF THE AUGUST 1978 FEDERAL R E S E R V E B U L L E T I N . •VALUE IS U.S. C E N T S
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