Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : September 5, 1995

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
Weekly Series of Charts

September 5, 1995

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

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


http://fraser.stlouisfed.org/
J Bank of St. Louis
Federal Reserve

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

l

'

'

i

l

i

i

i

l

i

i

1

i

1

1

1

i

i

I

i

»

1

I i

1

1

JAPANESE YEN
SWISS FRANC

260

220

180
100

'

i

i

l

i

i

i

l

'

i

i

l

i

i

'
CANADIAN DOLLAR

80

85

U.K. POUND

65

60

40
195

i

i

i

I :

i

i

I i

i

i

I i

•

i

'

I I '

I I

I

» I I I I «

195

155

135
115

45
215

GERMAN MARK

DUTCH GUILDER

175

'

175

i

i

i

l

i

i

i

l

'

i

i

I i

i

I

'

t

I

I I

I I I

I I

155
75

ITALIAN LIRA

FRENCH FRANC

95

•

55

35
75

55

•

'

i




I • '
1993

i

I i

i

i

1 i

i
1995

i

1

1

I

1

•
1993

1

I «

1

1

i

1

1

1

1995

15

CHART 2

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

PERCENT PER ANNUM
2

2

Z

GERMAN MARK

1

1

1

I

1

1

1

I

i

i

i

1

U.K. POUND

i

i

i

CANADIAN DOLLAR

1

1

1

1

1

1

JAPANESE YEN

1

1

i

i

i

1

i

i

i

SWISS FRANC

I T

1

1

DUTCH GUILDER

1

1

1

1

1

1

1

1

i

i

ITALIAN LIRA

FRENCH FRANC




1993

i

1995

1992

1994

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
420

U.S. DOLLARS PER FINE OUNCE
420

12 5 Kg BARS
AFTERNOON FIXING PRICE
400

400

380

380

360

360

340 —

340

320

J
1991




1

1

1

1
1992

1

I

I

I
1993

I

I

I

I
1994

I

I

I

I
1995

I

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
ICENT PER ANNUM

PERCENT PER ANI

7

10

6

5

SWITZERLAND
—

U.S. FEDERAL FUNDS

8

6

4

4

JAPAN

3

2

2

0

10

10

8

8
NETHERLANDS

6

6
GERMANY

4

4

2

2
9

16

14

FRANCE

8

12
7
CANADA

10

6
8 .

5

6

4

UNITED KINGDOM

2




4

3

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
DENT PER ANNUM

PERCENT PER ANI

10

9

8

WEIGHTED AVERAGE
FOREIGN RATE

7

6
5
4

U.S. CD'S

•

2

'

•

I '

'

'

I

'

•

'

I i

i

3
11

12
NETHERLANDS INTERBANK RATE
10

9
U.K. INTERBANK STERLING

8

7

6

5

4
7

i

i

i

I i

i

'

I » i

i

I i

i

I

'

I I I •

•

I '

'

» I I '

'

3
13

11

5

FRENCH INTERBANK RATE

JAPANESE CD RATE

9
3
7
1
10

I I I

I

I I

I I

I I

I I

»S.

'

•

'

•

I •

•

•

I

•

I

I I

5
11

GERMAN INTERBANK RATE

8

9
SWISS INTERBANK

6

7

4

5

2

i

i




I i

'
1993

'

I '

'

'

I '

'
1995

'

'

1

1

I i

1

1993

1

I

1

1

•

I i

i

i

1995

3

CHART 6

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

OVERNIGHT

3-MONTH

6

4

2
8

7-DAY

6-MONTH

1-MONTH

1-YEAR

6

4

2

8

6

4

2

1

1

1

I




1

1

1993

1

i

•

•

i

i

'

i
1995

'
1993

7

6 ~

e

9

+

^

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
7

PERCENT PER ANNUM
7

it

1
3-MONTH
EURO-DOLLAR DEPOSITS

OVERNIGHT
EURO-DOLLAR

90-DAY CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE

J

1

1

1

I

I

I

I

I

I

I

I

J

I

L

J—i—i—I

i

i

DIFFERENTIAL

\L/L
y

v

' W

I

I

1




1

1

.
uA

1
1993

1

1

1

I

i

i

i

I

i

l

'

DIFFERENTIAL

rW

V %

i

1

1

1

,k „

1

1
1995

irfV •

1

J—i—i—I—i—i—i
1993

.n

vy

I

i

yjO*

i

i

i
1995

•

11

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

7

CANADIAN FINANCE
CO. PAPER, COVERED

INTERBANK STERLING
COVERED LONDON

6 —

5 —

U.S. COMMERCIAL PAPER
DASHED

EURO-DOLLAR DEPOSITS
DASHED LINE

I

I

I

I I

I I

I I

I I I I I I

DIFFERENTIAL

1

'

'

'

I

DIFFERENTIAL

I '

I I I

I I I

INTERBANK DM
COVERED FRANKFURT

I I I I

I I '

I I

I I I I I I

SWISS INTERBANK (SF) COVERED

5 —
EURO-DOLLAR DEPOSITS
J.\
DASHED LINE

EURO-DOLLAR DEPOSITS
DASHED LINE

uS

•

'

'

I '

•

•

I '

'

I I

I I I

i

DIFFERENTIAL

i

i

I i

i

i

I i

i

'

I

i

i

i

DIFFERENTIAL

AT '"^'UV\vaa/V

1 I •

•

•

I '




' •
1993

I '

I '

I

I I I
1995

I

I I I I

I '
1993

I

I • '

I I

I I
1995

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
RCENT PER ANNUM

PERCENT PER ANNl

9
UNITED STATES

UNITED KINGDOM

8

7

6

5
10
CANADA

FRANCE

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

I

9

8

7

6
8

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

SWITZERLAND

JAPAN

7

6

5

•

4
9
NETHERLANDS

I I I I I I I » I 1 I I 1

GERMANY

8

7

6

5

I I I I I 1 » 1 I » I 1 « « »




1993

1995

•

•

'

I •

'
1993

•

I •

•

•

I •

•
1995

•

CHART 10

STOCK INDICES
WEEKLY SERIES
)SCALE
100

RATIO S
198*

UNITED STATES

UNITED KINGDOM

150
285
SWITZERLAND

JAPAN

245

205

165

125

160
GERMANY

CANADA

FRANCE

NETHERLANDS

140

120
100

80
190
170

150

130

110

•

'

'

I i




'
1993

'

I •

'

•

'

•

•
1995

•

•

I I I I

'
1993

I I I

'

» I

I I •
1995

2-Aug-95
Chart 1.

9-Aug-95

16-Aug-95 23-Aug-95 30-Aug-95

Spot Exchange Rates and Indices

Noon buying rates

(U.S. cents, weekly averages)

Belgian franc
^ C a n a d i a n dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss franc
, U.K, pound

3.5079
73 .332
20. 879
72 .182
0.06297
1.12699
64 .403
86. 987
159 .87

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

.71
.40
.23
.75
.34
.89
.77
.48
.85

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

129
73
89
190
35
270
173
262
62

.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

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

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
52.56
241.21
52.17
85.91

-0 .81
-0 .10
1 .47
-4 .64
5 .23
1 .77
3 .16
-0 .91

-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

383 .51

384 .20

383 .89

384 .07

382.94

5 .83
5 .69
6 .56
6 .38
4 .63
0 .80
4 .04
2 .73
6 .63

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
3.13
6.59

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

Indices, March 1973 base rates = 100
Belgian franc
Canadian dollar
French franc
German mark
Italian lira
1®Japanese yen
Netherlands guilder
Swiss franc
U.K. pound

138
73
94
203
36
295
184
279
64

.23
.09
.09
.05
.14
.08
.89
.85
.66

136
73
93
200
36
286
182
277
64

Weighted average exchange value indices , Mar. 1973=100
Belgian franc
® C a n a d i a n dollar
French franc
German mark
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss franc
® U . K. pound
U.S. dollar
Chart 2.

-0 .92
-0 .24
l .37
-4 .86
5 .29
1 .75
3 .22
-0 .96

Gold Price in London, Afternoon Fixing

0 U . S . dollars per fine ounce
Chart 4.

118 .48
60 .83
78 .06
191 .88
28 .24
274 .54
161 .99
52 .41
244 .37
52 .42
82 .43

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.

119 .05
60 .13
78 .29
193 .01
27 .88
281 .28
162 .86
52 .24
244 .88
51 .88
81 .75

Call Money Rates

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




g-95
Chart 5.

5. 75
6. 84
6. 03
4 .45
0. 75
4 .09
2 .59
6. 78
4 .33

5 .75
6. 73
5 .85
4 .41
0. 78
4 .08
2 .70
6 .78
4 .32

5.,69
5.,73
5., 76
.78
5.
5.,80
.81
5.

5
5
5
5
5
5

5. 78
6. 52
5 .80
4 .39
0 . 87
4 .03
2 .86
6. 70
4 .34

5 .76
6. 46
5 .70
4 .18
0 . 82
3 .92
2 .84
6. 73
4 .23

.75
, 77
.
.80
.
.
,81
,81
.
,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 .78
6 .67
5 .90
4 .40
0. 84
4 .05
2 .80
6. 73
4 .35

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

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.

9 -Aug-95

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

5
5
5
5
5
5

Selected Euro-dollar & U.S. Mone] Market Rates
5.,69
5.
.83
-0 .
. 14

5 .69
5 .73
- 0 . 04

,75
5.
5 . 74
0..01

5 .73
5 .70
0 . 03

5 .73
5. 71
0 . 01

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

5 .78
5 .75
0 . 03

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

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

5 .78
5 . 76
0 . 02

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

5,.78
5,.80
-0..02

5 .78
5 .85
-0 . 06

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

5 .81
,
5 .83
,
-0 ,.02

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

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

5 .80
,
5 .90
-0 . 10

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

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

, 84
5.
5 .89
,
-0,.05

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

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

5 .78
5 .84
-0 .06

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

5 . 81
5.
, 85
-0 .05

5 .81
,
5 .89
-0 .08

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

Euro-dollar deposit
Swiss interbank, covered
Differential

5 .78
5 .83
-0 .05

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

5 .81
5 .83
-0 .02

5 .81
5 .91
-0 .10

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

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

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

Chart 9.

Interest Arbitrage, 3-Month Funds

10-year maturity, where available

>nd Yields
8 .35
7 .39
6 .76
3 .01
4 .57
6 .81
8 .16
6 .46

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

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

(Wednesday figures)

153 ,
.56
153 ,
.57
.02
154 ,
153 .
.11
Canada
.76
150 .
151,.64
150,.23
150..97
France
123 ,
.98
123 .58
123 ,
123 ,
.09
.05
Germany
106,.56
109 .57
102 ,
100,.64
.05
Japan
.78
164 ,
163 .69
163,.80
165,.16
Netherlands
.22
242 .97
244 ,
236 .40
238,.41
Switzerland
204 ,
.81
202 .60
201 .76
202 .73
United Kingdom
219 .
.81
220 .42
220,.58
220,.66
United States
Indices (in order, rebased to 1986=100) are Toronto Composite, CAC General spliced
at 22dec93, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index,
Financial Times Ordinary, NYSE Composite



151..00
148 .83
123 .13
107 .56
163 .69
244 .93
204 .08
221 .57
to SBF250

FEDERAL RESERVE statistical release
September 1, 1995

H.10(512)

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

SEPTEMBER 1, 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

MONETARY
UNIT

^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

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

MEMO:
**UNITED STATES

DOLLAR

Aug. 28

(CURRENCY UNITS PER DOLLAR)
Aug. 31
Aug. 30
Aug. 29

Sep. 1

0.7434
10.287
30.100
1.3405
8.3365
5.6765
1.2785
4.3710
5.0510
1.4625
235.10
7.7427
31.850
1.5880
1628.25
96.60
2.4865
6.3250
1.6385
0.6526
6.4120
151.90
1.4160
3.6580
774.30
125.360
51.780
7.3110
1.2040
27.500
25.010
1.5525

0.7510
10.351
30.270
1.3395
8.3282
5.7105
1.2718
4.4030
5.0690
1.4715
236.78
7.7428
31.850
1.5810
1634.00
97.63
2.4940
6.3175
1.6489
0.6525
6.4365
152.90
1.4225
3.6605
774.80
125.920
51.700
7.3250
1.2110
27.550
25.050
1.5453

0.7546
10.380
30.360
1.3373
8.3293
5.7255
1.2707
4.4110
5.0750
1.4758
237.16
7.7423
31.830
1.5775
1626.75
98.95
2.5000
6.2925
1.6541
0.6500
6.4470
153.30
1.4260
3.6600
777.80
126.090
51.900
7.3275
1.2110
27.500
25.090
1.5440

0.7517
10.324
30.210
1.3432
8.3298
5.6985
1.2756
4.4085
5.0450
1.4679
236.32
7.7414
31.870
1.5865
1624.75
97.75
2.4950
6.3000
1.6451
0.6502
6.4205
152.46
1.4205
3.6570
773.40
125.420
52.000
7.3065
1.2060
27.500
25.060
1.5515

0.7494
10.307
30.170
1.3435
8.3292
5.6930
1.2752
4.4045
5.0530
1.4655
236.02
7.7408
31.925
1.5875
1622.75
97.49
2.4955
6.2600
1.6425
0.6531
6.4105
152.39
1.4210
3.6595
773.20
125.640
51.950
7.3130
1.2010
27.500
25.050
1.5533

85.50

85.94

86.17

85.75

85.66

*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.•