Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : September 24, 1990

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Selected Interest &
Exchange Rates
Weekly Series of Charts

September 24,1990

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, DuC. 20551




Table of Contents

TABLES
1. LATEST FIGURES PLOTTED
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 INDIES




SUBSCRIPTION RATES:
Weekly $24.00 per year or $.60 each in the United
States, its possessions. Canada, and Mexico: 10 or
more of the same issue to one address. $22.50 per
year or $.55 each. Elsewhere. $30.00 per year or $.70
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.

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
140
FOREIGN CURRENCY
130
PRICE OF U.S. DOLLAR
120

RATIO SCALE
MARCH 1973=100
140
130
120

BELGIAN FRANC

—

110

110

100

100

90

90

80

80
i

70
280
260
240

i

i

I

i

i

i

l

i

i

i

I

i

i

I

I

I

SWISS FRANC

I

I

I

'

I

'

I

I

I

I

I

I

JAPANESE YEN

70
280
260
240

220

220

200

200

180

180

160

160

140

140

i

i

i

I

i

i

'

i

I

I

I

I

'

'

I

» '

'

I

I

I

'

CANADIAN DOLLAR

U.K. POUND

120
100
90
80
70
60

1

180

1

'

I

1

'

1

1

I

1

'

I

I

»

50
200

GERMAN MARK

DUTCH GUILDER

180

160

160

140

140

120

120

100
120
110
100

•

i

i

l

i

'

» I

'

'

i

1 '

i

i

'

•

1

I

I

I

I

1

I

1

I

I

I

I

I

100
60
55

ITALIAN LIRA

50

FRENCH FRANC

90

45

80

40

70

35

60

30

50

i

'

i




l

'

1

1988

1

I

1

« i

l

'

i
1990

'

'

1

1

I

1

'
1988

1

1

1

'

» I

» '

•

1990

25

CHART 2

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

i

i

I

i

i

PERCENT PER ANNUM
4
U.K. POUND

i

I

i

i

i

I

i

i

i

GERMAN MARK

JAPANESE YEN

A

—

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

SWISS FRANC

i

I

a /

I

I

I

I

jr\

I

i

I

—

i

I

I

I

DUTCH GUILDER

x.;

—

"\zx/

i

i

i

l

i

i

i

i

I

i

i

i

l

i

i

i

FRENCH FRANC

i

i

i

I

i

W

i

i

I

i

i

i

I

i

i

i

I

I

1

1

1

1

1

1

1

1

ITALIAN LIRA

V V v ^ V X

12

i

i

i




1

X

/

j f W \ z y V

i

i
1988

i

1

Ii

1

1

y

I

^

1

-

1
1990

1

l

I

I

1

l

1988

1990

12

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
520

U.S. DOLLARS PER FINE OUNCE
520

500

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

480

480

460

460

440

440

420

420

400

400

380

380

360

360

340

340

320
1987




1988

1989

1990

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
CENT PER ANNUM

PERCENT PER AN

16

12

FRANCE

U.S. FEDERAL FUNDS

8

JAPAN
4

0

'

'

»

I

•

'

'

1

I

1

i

I

i

i

i

i

i

i

I

»

1

1

l

1

1

1

i

i

I

i

i

i

1

i

16

12
CANADA
GERMANY

8

4

0

'

'

•

I

•

'

'

I

'

'

i

1 i

i

i

i

i

i

1 i

l

'

'

16
UNITED KINGDOM

SWITZERLAND

12

8

4
NETHERLANDS

0

1

1

1

t




1

1

1988

1

I

1

1

1

I

I

I
1990

I
1988

1990

'

CHARTS

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
10

12

SWISS INTERBANK RATE

U.S. CD'S

WEIGHTED AVERAGE
FOREIGN RATE

I

I

I

I

I

I

U.K. INTERBANK STERLING
CANADIAN FINANCE CO.
PAPER

GERMAN INTERBANK RATE




FRENCH INTERBANK RATE

NETHERLANDS INTERBANK RATE

JAPANESE CD RATE

1988

1990

19 88

1990

CHART 6

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

SENT PER ANNUM
14

3-MONTH

OVERNIGHT

12

10

8

6

4
14

i

i

i

I

i

i

i

I

i

i

t

I

i

I

ij

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

\
6-MONTH

7-DAY

12

10

8

6

4
14

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

i

i

I

1-MONTH

12

i

i

i

1-YEAR

10

8

6

4

i

i

i




I

i

i
1988

i

I

i

i

i

I

i

i
1990

i

i

i

i

I

i

i
1988

i

1990

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
D I F F E R E N T I A L : PLUS(+), F A V O R S B O R R O W I N G IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY

PERCENT PER ANNUM
14

PERCENT PER ANNUM
14

12
12

10

OVERNIGHT
EURO-DOLLAR DEPOSITS

FEDERAL FUNDS
DASHED LINE

2»
2

1

1

1

L _ L

1

10

3-MONTH
EURO-DOLLAR DEPOSITS

90-DAY CD'S
DASHED LINE

1

1

1

I

I

I

1

1

'

1

1

1

1

1

'

'

i

I

•

1
1988

1

1

1

I

I

I

I

.

DIFFERENTIAL
DIFFERENTIAL

—

'

'




1

1

1

|
•
1988

1

•

i

•

i

i

•
1990

i

J

1

1

1

1990

CHARTS

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

PERCENT PER ANNl

16

16

12

INTERBANK STERLING
COVERED LONDON

—

12

CANADIAN FINANCE
CO. PAPER, COVERED

8

8

EURO-DOLLAR DEPOSITS
DASHED LINE

4

0

i

i

i

I

i

i

'

I

i

i

U.S. COMMERCIAL PAPER
DASHED LINE

—

i

I

i

i

i

I

I

I

I

I

I

I

I

4

I

I

I

I

I

2

i

+

0

2
16

I

DIFFERENTIAL

DIFFERENTIAL
+

0

I

12

I

I

I

I

•

I

i

'

i

I

INTERBANK DM
COVERED FRANKFURT

I

I

I

I

2
16

12

SWISS INTERBANK (SF) COVERED

8

8

EURO DOLLAR DEPOSITS
DASHED LINE

4

0

I

I

I

I

I

I

I

I

I

I

EURO-DOLLAR DEPOSITS
DASHED LINE

—

I

I

I

I

i

i

i

I

i

i

i

I

i

i

4

i

I

i

i

i

2

0
2

DIFFERENTIAL

DIFFERENTIAL

+

+

0

2

0
2

0

i

i

i




I

i

i i
1988

I

i

i

i

l

i

i i
1990

i

I

I

I

I

I '
1988

I

I

I

I

I

» I I
1990

2

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM
14 e

UNITED STATES

PERCENT PER ANNUM
14

CANADA

12

12

10

10

i

i

I

i

i

i

I

i

i

'

i

i

i

1

i

1

1

1

I

1

1

1

1

'

'

I

1

i

1

6
14

14

UNITED KINGDOM

FRANCE

12

12

10

10

L_L_I_1 l

J—I—I—I—I—I—I—I

i

i

I

'

I

I

I

•

'

I

'

'

'

I

I

6
10

10

SWITZERLAND

I

I

I

I

JAPAN

I

I

I

I

• •

I

I

I

I

I

1 1

1

1

1

1

1

1

1

•

10

NETHERLANDS

'

1

1




1

!

i

2
10

GERMANY

MONTHLY

'

•

1

1988

1

'

1

1

1

'

1

|

|

1990

'

'

'

I

< '
1988

•

I

'

»

i

I

i

i
1990

i

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO S<
1986

SCALE
00

200
, NETHERLANDS

175 - UNITED STATES
150
125
100
75

50
400
350

i

i

i

l

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

I

I

I

I

i

i

i

l

i

i

•

I

i

i

i

i i
1988

I

i

i

i

I

i

. GERMANY

. JAPAN

300
250
200

150

100

i

i

i

I

i

i

i

l

i

i

< I

i

i

i

I

I

I

200
— FRANCE

175 — SWITZERLAND
150
125
100
75

50

i'

i

i

l

i

i

i

I

i

i

i

I

i

i

i

i

i

200

175

, UNITED KINGDOM

.CANADA

'

'

l




i

i i
1988

I

i

i

i

I

i

i i
1990

i

i

i

l

i

i i
1990

SERIES
22-Aug-90
Chart

1.

Spot

(U.S.

cents,

M a r c h 1973 b a s e r a t e s

Weighted average exchange v a l u e i n d i c e s ,
Belgian franc
Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss f r a n c
U.K. pound
U.S. d o l l a r

U.S.
Chart

3,

dollars
4.

per

Call

fine

3.0874
85.946
18.933
63.413
0.08502
0.71648
56.259
76.046
187.40

3.1134
86.156
19.112
64.008
0.08562
0.72885
56.794
77.168
189.61

123.00
87.24
86.13
180.75
49.84
178.13
163.69
249.91
77.54

123.50
87.70
86.50
181.09
49.80
180.67
164.01
252.51
78.76

122.06
86.40
85.52
178.92
49.08
182.64
162.02
246.56
76.74

121.66

85.66
85.32
178.38
48.80
187.60
161.51
244.65
75.80

122.68
180.06
49.15
190.84
163.04
248.26
76.69

109 . 3 4
75 . 4 8
73 . 9 0
174 . 8 0
4 0 ,. 6 1
172. 62
1 4 8 . 18
6 7 . 43
2 2 4 . 84
6 5 . 77
8 6 . 42

109 . 0 4
74, 84
7 3 . 76
174. 31
4 0 . 40
1 7 8 . 01
1 4 7 . 78
6 7 . 45
2 2 3 . 20
6 4 . 92
8 6 . 49

109 . 1 1
74 . 4 0
73 . 8 9
174 . 6 3
40 .36
1 7 9 , ,86
1 4 8 , 04
6 7 . 47
2 2 4 . 77
6 5 . 20
8 5 . 64

Mar.

66.22

Premium o r
-4.71
-2.03
-0.33
-3.37
0.19
-0.34
-0.73
-6.58

in

London,

ounce

deposits

85.87

86.12

1973=100
109.68
75.97
74.11
175.46
40.87
168.84
148.71
67.44
228.34
67.02
85.45
Discount
-4.58
-2.06
-0.25
-3.32
0.01
-0.32
-0.48
-6.39

—4, 5 2
- 2 , 23
- 0 . 48
- 2 . 80
- 0 . 22
- 0 . 51
- o . 52
- 6 . 55

-4.
-2.
-o.
-2.
-0.
-0.
-0.
-6.

38
20
42
44
32
46
31
54

- 4 .35
- 2 .15
-0 .31
- 2 .17
- 0 .20
- 0 .35
- 0 .03
- 6 , 42

Afternoon Fixing
408.70

398.81

385.79

385.38

8.30
8.13
13.53
9.81
7.95
7.38

8.08

7.89
13.23
9.86
7.93
7.43

8.25
7.96

8.12
8.00

7.88
14.83

7.43
14.80

Money R a t e s

U.S. f e d e r a l f u n d s
Overnight Euro-dollar
vanada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom




3.0975
86.687
18.978
63.602
0.08550
0.69756
56.437
76.639
189.73

85.97

3 - M o n t h Forward Exchange R a t e s ,

Gold P r i c e

3.1342
87.989
19.195
64.373
0.08676
0.69000
57.131
78.491
194.72

109.76
75.93
74.14
176.07
41.11
167.08
149.16
67.57
227.02

Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound
Chart

3.1215
87.528
19.113
64.252
0.08683
0.68033
57.021
77.679
191.71

100

Belgian franc
Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound

2.

19-Sep-90

weekly averages)

Belgian franc
Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound

uhart

12-Sep-90

Exchange Rates and I n d i c e s

Noon b u y i n g r a t e s

Indices,

29-Aug-90 5-Sep-90

8.11

8.06

12.81
9.95

13.08
9.79

7.58

7.61

7.13
14.88

6.13
14.93

8.02
8.11

8.01

8.16

386.06

8.18

8.03
13.18
9.74
7.98
7.48
7.99
5.88
14.83

22-Aug-90
Chart

5.

3-Month I n t e r e s t

Euro-Dollar

Deposit

Selected

Euro-dollar

Overnight Euro-dollar
U.S. f e d e r a l f u n d s
Differential

& U.S.

8.

Interest

deposits

Arbitrage,

Euro-dollar deposit
Interbank s t e r l i n g (London),
Differential
U.S. commercial paper
Canadian f i n a n c e paper,
Differential

covered

covered

Euro-dollar deposit
Swiss i n t e r b a n k , covered
Differential
Chart

9.

8
12
10
8
8
8
8
14
10

.10
.98
.24
.37
.23
.46
.55
.90
.13

7
12
10
8
8
8
8
14
10

.97
.89
.25
.38
.27
.44
.45
.90
.07

7
12
10
8
8
8
8
14
10

.96
.71
.26
.39
.36
.45
.13
.86
.03

8.
12.
10.
8.
8.
8.
8.
14.
9.

00
59
20
35
42
40
05
88
98

8
8
8
8
8
8

.13
.08
.05
.04
.05
.16

7
8
8
8
8
8

.89
.05
.08
.14
.24
.38

7
7
7
7
8
8

.96
.96
.96
.98
.00
.13

8
8
8
7
7
8

.00
.01
.00
.95
.98
.09

8.
8.
8.
8.
8.
8.

03
04
08
03
04
13

Rates

8 .13
8 .30
- 0 .17

7 .89
8 .08
- 0 .19

7 .96
8 .25
- 0 .29

8 .00
8 .12
- 0 .12

8 . 03
8 . 18
- 0 . 15

8 .04
8 .04
- 0 .00

8 .14
8 .10
0 .03

7 .98
7 .97
0 .01

7 .95
7 .96
-0 .01

8 . 03
8 . 00
0 . 03

8 .04
8 .15
-0 .11

8 .14
8 .27
- 0 .13

7 .98
8 .11
- 0 .14

7 .95
8 .08
- 0 .13

8 . 03
8 . 21
- 0 . 19

7 .93
8 .18
- 0 .26

8 .01
8 .25
- 0 .23

7 .88
8 .22
- 0 .34

7 .87
8 .19
- 0 .33

7 . 91
8 . 11
- 0 . 19

8 .04
8 .02
0 .02

8 .14
8 .12
0 .02

7 .98
7 .89
0 .08

7 .95
7 .96
-0 .01

8 . 03
8 . 03
- 0 . 01

8 .04
8 .01
0 .03

8 .14
8 .06
0 .08

7 .98
7 .92
0 .06

7 .95
7 .81
0 .14

8 . 03
8 . 02
0 . 01

ND
ND
9 .07
8 .42
6 .56
11 .06
8 .83

ND
ND
10
ND
58
06
87

Long Term Government Bond Y i e l d s
.05
.47
.00
.88
.39
.37
.82

10
10
9
8
6
11
8

.83
.81
.07
.19
.60
.33
.95

10 . 9 0
10 . 8 0
9 .08
8 .31
6 .58
11 . 1 3
8 .87

1 16 7 6
115 . 1 3
100 . 2 7
146 . 6 8
97 . 7 5
120 . 2 3
125 . 8 8
128 . 0 7

111

.30
.18
.50
.53
.97

H I .08

12£ . 7 0
130 . 6 9

129 . 7 4
130 . 8 0

11
10
9
7
6
11
8

Canada
France
Germany
Japan
Switzerland
U n i t e d Kingdom
United States
Chart

.04
.05
.04
.35
.03
.42
.75
.98
.07

3 - M o n t h Funds

covered

Euro-dollar deposit
I n t e r b a n k DM ( F r a n k f u r t ) ,
Differential

8
13
10
8
8
8
8
14
10

Money M a r k e t

3-month E u r o - d o l l a r d e p o s i t
U.S. 90-day CD's, secondary market
Differential
Chart

19-Sep-90

Rates

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

12-Sep-90

Rates

U.S. 90-day CD's, s e c o n d a r y market
Canadian f i n a n c e paper
French i n t e r b a n k r a t e
German i n t e r b a n k r a t e
J a p a n e s e CD r a t e
Netherlands interbank rate
Swiss i n t e r b a n k r a t e
U.K. i n t e r b a n k s t e r l i n g
Weighted average f o r e i g n i n t e r e s t r a t e
(G-10 C o u n t r i e s )
Chart 6.

29-Aug-90 5-Sep-90

10.

Stock

C?!"!!! els
-ranee
Germany
Japan
Netherlands

Switzerland

U n i t e d Kingdom
United States

Indices

6.
11.
8.

(Wednesday f i g u r e s )
126
103
144
97

121 .66

I n d i c e s ( i n o r d e r , r e b a s e d t o 1986=100) a r e T o r o n t o Composite,
T o k y o SE ( T o p i x ) , CBS A l l - G e n e r a l , S w i s s Bank I n d e x , F i n a n c i a l




9.

122
101
140
98

.96
.27
.71
.40

120 .02

109

124
102
144
100

.76
.06
.71
.03
121 . 4 3
127 . 4 9
130 . 1 8

109. 16
1 1 9 . 27
9 4 . ,99
1 3 6 . ,09
9 6 , .77
116., 4 2
1 2 2 . ,28
1 2 7 , ,85

CAC G e n e r a l , FAZ A k t i e n ,
T i m e s O r d i n a r y , NYSE C o m p o s i t e

•v'

FEDERAL RESERVE statistical release
H.10(512)

September 24, 1990

FOREIGN EXCHANGE RATES
FOR THE MEEK ENDING

SEPTEhBER 21, 1990

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

Sep. 17

•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DEM1ARK
•EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
•NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

0.8316
10.955
32.000
1.1594
4.7339
5.9380
1.3300
3.6775
5.2195
1.5580
148.00
7.7615
17.860
1.7230
1166.75
137.00
2.6970
1.7567
0.6230
6.0280
138.05
1.7655
2.5635
719.30
98.08
39.948
5.7200
1.2870
27.298
25.320
1.9025

0.8335
10.895
31.840
1.1575
4.7399
5.9070
1.3367
3.6650
5.1850
1.5482
154.00
7.7590
17.830
1.7335
1160.50
137.50
2.6975
1.7448
0.6250
6.0025
137.35
1.7660
2.5530
719.30
97.50
39.958
5.6980
1.2825
27.299
25.320
1.9180

0.8291
11.035
32.270
1.1575
4.7339
5.9780
1.3299
3.7070
5.2520
1.5690
155.00
7.7600
17.850
1.7100
1172.50
137.50
2.6980
1.7678
0.6225
6.0640
138.90
1.7655
2.5725
718.40
98.47
39.958
5.7595
1.3060
27.292
25.360
1.8847

0.8266
11.120
32.490
1.1546
4.7339
6.0220
1.3125
3.7450
5.2900
1.5800
155.50
7.7600
18.000
1.6980
1178.00
136.93
2.6995
1.7815
0.6190
6.1080
140.15
1.7665
2.5875
717.90
98.88
39.968
5.7880
1.3200
27.297
25.350
1.8683

0.8288
11.095
32.410
1.1532
4.7339
6.0050
1.3141
3.7450
5.2795
1.5778
156.00
7.7625
18.120
1.7020
1175.75
136.90
2.7030
1.7789
0.6130
6.1000
139.95
1.7695
2.5820
718.00
98.48
39.970
5.7850
1.3222
27.293
25.360
1.8460

MEMO:
^UNITED STATES

DOLLAR

85.42

85.04

85.94

86.35

86.38

COUNTRY

(CURRENCY UNITS PER DOLLAR)
Sep. 18
Sep. 19
Sep. 20

Sep. 21

"VALUE IS U.S. DOLLARS
**IN0EX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-IO
COUNTRIES. MARCH 1975 = 100. HEIGHTS 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 NOW AVAILABLE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (202) 377-1986.