Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : September 8, 1992

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Selected Interest &
Exchange Rates
Weekly Series of Charts

September 8,1992

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

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

RATIO SCALE
MARCH 1973=100
140
130

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

120
110
100
90

BELGIAN FRANC

80

i

70
280

i

i

l

'

'

'

I

i

i

i

l

i

'

i

i

i

I

i

i

i

I

i

i

1

l

1

1

i

I

i

260
SWISS FRANC

240

JAPANESE YEN

220
200
180

160
i

140
100
90

i

i

I

i

i

i

l

i

i

'

I

'

'

'

'

'

'

I

i

1

1

1

I

1

UNITED KINGDOM

80
70
CANADIAN DOLLAR
60

60

i

50
200
180

—

'

i

I

i

i

'

l

'

i

'

l

'

i

i

•

i

'

I

i

i

i

l

i

i

i

I

i

i

i

50
200

DUTCH GUILDER

180
160

160

_ ^ \ Z X / G E R M A N MARK

140

—

120

120

100
120

140

'

i

i

I

i

i

'

l

i

'

i

I

'

'

i

I

I

I

I

I

I

I

I

I

I

» 1 '

'

'

100
60

100

55

TALIAN LIRA

FRENCH FRANC

50
45
40

80

35

60

'

i

•




I

•

'
1990

•

I

'

•

i

I

i

i
1992

•

i
1990

• • I ' ' '
1992

30

CHART 2

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

PERCENT PER ANNUM

CANADIAN DOLLAR

U.K. POUND

16

16
8
GERMAN MARK

JAPANESE YEN

4

+
0
4
8
12

12
8
DUTCH GUILDER

SWISS FRANC
4

4

8
12

12
4
FRENCH FRANC




ITALIAN LIRA

16
1990

1992

1990

1992

CHART 3

P R I C E O F G O L D IN L O N D O N
AVERAGES FOR WEEK ENDING WEDNESDAY

U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

420

12.5 Kg BARS
AFTERNOON FIXING PRICE

400

400

380

380

360

360

340

340




1989

1990

1991

1992

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANN

ENT PER ANNUM
12
FRANCE
10
U.S. FEDERAL FUNDS
8

JAPAN

6

4

2
12

i

i- I

i

i

i

i

I

i

i

i

I

i

i

i

'

'

» '

i

1

1

1

1

1

1

1

10
GERMANY

8

NETHERLANDS
6

4
16

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

14

12

UNITED KINGDOM
CANADA

10

8

6
SWITZERLAND
4

I

I

I




1

« i

i

l

i

i

i

I

i

i

i

1

1

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES

PERCENT PER ANNUM
12

PERCENT PER ANNUM
WEIGHTED AVERAGE
FOREIGN RATE

10

8

6

U.S. CD'S
CANADIAN FINANCE PAPER

4

2

5

16

14

12
NETHERLANDS INTERBANK RATE

U.K. INTERBANK STERLING
10

8
9

4

7

5

JAPANESE CD RATE

FRENCH INTERBANK RATE

3
10

6

8

6

SWISS INTERBANK

GERMAN INTERBANK RATE

4




1990

1992

1990

1992

5

CHART 6

E U R O - D O L L A R D E P O S I T R A T E S LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANN

ENT PER ANNUM
12

3-MONTH

OVERNIGHT

10

8

6

4

2

i

i

i

I

i

'

i

I

'

i

'

I

i

i

i

»

•

'

•

•

•

l

•

•

•

I

•

•

12

10

6-MONTH

7-DAY

8

6

4

2
12

10

1-YEAR

1-MONTH

8

6




1990

1992

1990

1992

CHART 7

S E L E C T E D E U R O - D O L L A R A N D U.S. M O N E Y M A R K E T R A T E S
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
12

PERCENT PER ANNUM
12

10

10

OVERNIGHT
EURO-DOLLAR DEPOSITS

3-MONTH
EURO-DOLLAR DEPOSITS

8 —

6 —

90-DAY CD'S
DASHED LINE

FEDERAL FUNDS
DASHED LINE

4 —




J

I

I

I

I

I—L

I

I

I

I

L

•

•

DIFFERENTIAL

1

1

I

1

1
1990

I

i

»

I

I

I

I

I—I—I—I—L

DIFFERENTIAL

1 11

W " W V y / y /

1

i

1

I

1

I'll VvV 'IN V V

1

1

1

v

1

h.irt.ni

n

v

l _ l _
1992

i

i

i

I

'

i
1990

'

I

I

I

I—I—I—I—L
1992

#

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
12

i

PERCENT PER ANNUM
12

INTERBANK STERLING
COVERED LONDON

CANADIAN FINANCE
CO. PAPER, COVERED

EURO-DOLLAR DEPOSITS
DASHED LINE

U.S. COMMERCIAL PAPER
DASHED LINE

i

I

i

i

i

I

i

i

'

I

i

i

i

i

DIFFERENTIAL

Y
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

i

I

I

DIFFERENTIAL

I

I

I

I

I

I

I

I

i

i

i

I

i

i

i

12
INTERBANK DM
COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

8 —

4 —
EURO-DOLLAR DEPOSITS
DASHED LINE

i

i

i

I

i

i

i

I

i

i

EURO-DOLLAR DEPOSITS
DASHED LINE

i

I

i

'

'

I

i

DIFFERENTIAL

'

I

» 1 i




» i
1990

i

I

i

i

i

I

i

I

i

I

i

I

I

I

I

I

I

DIFFERENTIAL

I

'

'

i

I

I
1992

I

I

I

I

I
1990

I

1992

fl

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNU

CENT PER ANNUM

13

10
UNITED

UNITED STATES

KINGDOM

9

12

8

11

7

10

6

9

5
12

I

l

I

I

I

I

l

I

I

I

I

I

l

•

I

« i

I

'

•

'

I

'

'

•

l

•

•

'

8
12

FRANCE

CANADA
11

11

10

10

9

9

8

8

7
8

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

1 I

I

1 I

I

7
8

JAPAN

SWITZERLAND
7

7

6

6

5

5

4
10

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

•

i

i

I

'

1

1

I

1

»

1

l

1

1

1

4
10

GERMANY

NETHERLANDS
9

9

8

8

7

7

6

i

i

i




I

i

i
1990

i

I

i

i

i

I

i

i
1992

i

1

1

1

I

1

1

1990

I

I

1

I

I

I

I

» I
1992

6

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100
200

RATIO SCALE
1986=100
200

UNITED STATES

UNITED KINGDOM

180
160
140

120

•

•

l

•

•

» l

i

j

•

I

i

i

•

135

GERMANY
JAPAN

120
105

90

i
SWITZERLAND

i

i

I

i

i

i

I

i

i

i

I

i

i

75
180

FRANCE

165
150
135
120
105

'

i

i

I

i

i

i

l

i

i

i

l

i

i

i

90
150
135

135
CANADA

NETHERLANDS

120

120

105

105

90

90

75

i

i

i




l

i

i
1990

i

I

i

i

i

I

i

i
1992

i

I

I

I

«
1990

I

I

» '

I

I

I

1
1992

I

75

SERIES
Chart

1.

Spot

Noon b u y i n g

5-Aug-92

Exchange
rates

Rates and

(U.S.

cents,

March

weekly

base

rates

3-Month

value

indices,

Forward

Exchange

Rates,

Swiss f r a n c
U.K. pound

U.S.
Chart

Gold

dollars
4.

Price

per

Call

fine

Money

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




3.4204
83.946
20.693
70.478
0.09238
0.79757
62.508
79.118
197.11

3.4617
83.640
20.945
71.385
0.09334
0.81032
63.297
79.999
198.95

130
83
90
192
51
207
174
244
77

.98
.40
.96
.64
,. 7 4
.21
.39
.96
,. 9 6

134 .78
83 .67
9 3 ., 2 5
198 , 26
53 , 0 2
2 0 8 ., 8 3
1 7 9 .. 4 5
2 5 4 ,, 5 3
7 9 ., 7 2

136 . 4 1
83 ,36
9 4 ,, 3 8
200 , 8 1
53 .58
2 1 2 , . 17
181 . 71
257 .37
8 0 ,. 4 7

112
69
75
180
40
188
152
70
213
63
81

.26
.18
.24
.83
.93
.94
.69
.08
.13
.64
,. 5 6

113 .59
68 . 1 4
75 .87
183 .30
4 1 ,. 2 5
186 ,. 9 3
1 5 4 ,. 5 3
7 0 , . 66
217 . 76
6 4 .. 0 0
7 9 ., 7 9

114 . 01
67 . 2 5
76 ,. 18
184 .25
4 1 ,. 3 3
188 .46
155 .20
7 0 .. 9 2
218 . 34
6 4 . . 05
7 8 .. 9 2

- 10 . 9 7
-0 .59
-6 . 4 7
-5 06
-6 . 7 6

- 1 ,. 5 8
-7 .,0 0
- 6 ,. 5 4
- 1 1 .62
- 0 .46
-6 .55
- 5 .03
- 6 ,. 7 2

- 1 .51
-7 . 06
-6 . 4 5
- 1 2 . 15
- 0 .34
-6 .48
- 4 .63
-7 . 0 1

- 1 , 33
-7 ..0 1
- 6 . 37
- 1 2 25
- 0 .38
- 6 . 36
-4 . 35
-6 ..9 8

in

London,

ounce

Afternoon

348 .76

336 .90

339 .27

340 .29

3 .33
3 .29
5 .10
9 ., 9 5
9 .71
4 .07
9 ., 7 9
7 .13
9 ,63

3 .27
3 .25
4 .95
9 ,98
9 .67
4 ,. 0 5
9 .62
7 ,. 1 3
9 .58

3 .. 3 4
3 . , 30
4 .60
1 0 ., 0 3
9 ,62
4 ,. 0 9
9 ,, 7 3
7 ,. 1 3
9 ,28

130
83
90
191
51
204
173
243
77

.12
.97
.59
., 3 6
,. 5 9
.86
. 18
.44
. 76

1973=100

.52
.32
.08
.40
.88
.47
,. 5 5
.85
.17
.77
.17

Premium o r
-1.75
-6.92
-6.43
11.39
-0.63
-6.37
-5.15
-6.75

Netherlands guilder

3.

Mar.
111
70
75
179
40
188
151
69
213
63
82

Canadian d o l l a r
French f r a n c
German mark
Italian lira
J a p a n e s e yen

Chart

3.3241
83.678
20.185
68.479
0.09013
0.79138
60.747
76.143
192.74

= 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
Swedish krona
Swiss f r a n c
U.K. pound
U.S. d o l l a r
2.

3.3021
84.248
20.104
68.024
0.08987
0.78239
60.325
75.671
192.25

129 . 4 0
8 4 . 18
90 . 2 5
190 .25
51 .37
205 .54
1 7 2 ,. 1 6
243 .58
77 . 6 4
exchange

2-Sep-92

averages)

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

Chart

26-Aug-92

3.2839
84.457
20.028
67.631
0.08950
0.78502
59.971
75.714
191.95

1973

Weighted average

19-Aug-92

Indices

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
Indices,

12-Aug-92

111
69
75
180
40
187
152
70
212
63
81

.93
,. 9 7
.22
.21
.97
,. 3 3
.17
,. 0 5
.60
.73
,. 9 6

Discount
- 1 .68

-6 . 8 9
-6 . 47

Fixing
354.42

Rates
deposits

3.33
3.24
5.33
9.90
9.68
4.04
9.71
7.88
9.65

3
3
5
9
9
4
9
7
9

.24
.25
.15
.81
.70
.03
.76
.58
.56

SERIES
5 - A u g - 92
Chart

5.

3-Month

Interest

6.

Euro-Dollar

Deposit

7.

Selected

Euro-dollar

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

8.

Interest

& U.S.

Euro-dollar deposit
Interbank s t e r l i n g (London),
Differential

9.

10.

3
5
10
9
3
9
8
10
8

.28
.09
.26
.80
.87
.76
.13
.16
.59

3
5
10
9
3
9
7
10
8

.32
.08
.34
.81
.73
.76
.93
.43
.63

3
4
10
9
3
9
7
10
8

.33
.92
.44
.84
.80
.79
.71
.50
.67

3
3
3
3
3
3

.24
.26
.29
.31
.49
.71

3
3
3
3
3
3

.25
.25
.28
.31
.40
.60

3
3
3
3
3
3

.29
.25
.25
.31
.38
.53

3
3
3
3
3
3

.25
.25
.28
.34
.44
.59

3
3
3
3
3
3

.30
.31
.35
.38
.49
.61

3-Month

Rates
3 .25
3 .27
- 0 .02

3 .30
3 .34
-0 .04

3 .31
3 .33
- 0 .02

3 .31
3 .29
0 . 02

3, 31
3 . 28
0. 03

3 .34
3 .32
0 .02

3 .38
3 .33
0 .04

3 .31
3 .31
0 .00

3 .31
3 .23
0 .08

3, 31
3 ,. 2 7
0 ,. 0 5

3 .34
3 .23
0 .11

3 .38
3 .33
0 .04

3 .38
3 .61
- 0 .23

3 ,. 3 7
3, 55
- 0 ,.18

3 , 37
3 .. 4 9
- 0 ,.12

3 .38
3 .55
- 0 .17

3 .40
3 .57
- 0 .17

3 .31
3 .17
0 .15

3 ,. 3 1
3 ,. 1 3
0 ,. 1 9

3. 31
3 , 10
0. 21

3 .34
3 .20
0 .. 1 4

3 .38
3 .32
0 .06

3 .31
3 .19
0 .12

3, 31
3 ,. 0 4
0 . 27

3. 31
2 . 99
0. 32

3 .34
3, 21
0 . 13

3 .38
3 .28
0 .10

7 ,. 4 4
9 .12
8 .10
5 ,. 1 1
6 ,. 9 6
8 .42
9 .27
6 .69

7 . 28
9. 01
8 . 06
5 . 16
6 . 93
8 . 40
9. 32
6 . 54

7 . 22
9 . 00
8 . 00
4 . 96
6 . 97
8 . 36
9 . 29
6 . 52

7 . 28
9 . 07
7 . 91
4 . 87
6 . 96
8 . 32
9 . 38
6 .62

7 ,. 3 2
9 ,. 1 5
7 . 90
5 .. 0 5
6 .89
8 .34
9 .60
6 ,. 6 0

113 .51
1 3 4 ,. 1 1
9 5 .. 2 8
91 . 75
1 0 8 ,.59
1 4 9 ,,17
1 3 8 ,.99
1 7 0 , 76

1 1 2 . 56
131. 65
91. 75
8 4 . 24
1 0 5 . 67
147 . 13
1 3 3 . 08
1 6 9 . 07

112. 82
1 3 1 . 26
9 0 . 76
8 4 . 47
1 0 6 . 10
1 4 5 . 62
136 . 98
1 6 9 . 38

112. 74
1 2 8 , 05
87 . 16
96 , 59
103. 61
140. 82
1 3 0 . 05
1 6 7 . 23

114 .53
127 ,. 3 2
88 .95
1 0 2 ,. 0 1
1 0 3 ,.50
143. 81
1 3 0 . 56
1 6 9 . 09

Funds

covered

covered

Long Term Government B e l l w e t h e r Bond Y i e l d s
10-year m a t u r i t y , where a v a i l a b l e

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

.29
.25
.15
.75
.00
.69
.20
.16
.58

3 .29
3 ,. 3 3
- 0 ,.04

Euro-dollar deposit
Swiss i n t e r b a n k , covered
Differentia1
Chart

3
5
10
9
4
9
8
10
8

3 .25
3 .24
0 . 01

covered

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

.33
.39
.22
.75
.01
.65
.45
.24
.67

3 .24
3 .33
- 0 . 09

market

Arbitrage,

U.S. commercial paper
Canadian f i n a n c e paper,
Differential

2 - S e p - 92

3
5
10
9
4
9
8
10
8

Money M a r k e t

deposits

3-month E u r o - d o l l a r deposit
U.S. 90-day CD's, secondary
Differential
Chart

26-Aug -92

Rates

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

19-Aug -92

Rates

U.S. 90-day CD's, secondary 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

12 - A u g - 9 2

Stock

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

Indices

(Wednesday

figures)

I n d i c e s ( i n o r d e r , rebased t o 1986=100) a r e Toronto 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 B a n k I n d e x , F i n a n c i a l




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

FEDERAL RESERVE statistical release
H.10(512 )

September 4 ,

1992

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

SEPTEMBER 4 ,

1992

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

Aug. 3 1

^AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COmUNITY
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

0.7156
9.867
28.920
1.1952
5.4199
5.4230
1.4410
3.8655
4.7790
1.4018
174.40
7.7287
N. A.
1.8835
1071.00
122.95
2.4935
1.5808
0.5392
5.5510
122.60
1.5985
2.7260
790.70
91.00
N. A.
5.1260
1.2465
25.100
25.150
1.9893

MEMO:
^UNITED STATES

DOLLAR

COUNTRY

*VALUE I S U . S .

DOLLARS

(CURRENCY UNITS PER DOLLAR)
Sep. 3
Sep. 1
Sep. 2

78.90

Sep. 4

0.7174
9.804
28.750
1.1943
5.4199
5.4055
1.4496
3.8435
4.7525
1.3940
173.60
7.7290
28.480
1.8930
1066.00
122.95
2.4910
1.5720
0.5398
5.5228
122.20
1.5950
2.7230
788.90
90.60
44.000
5.1035
1.2405
25.111
25.130
1.9960

0.7181
9.789
28.680
1.1970
5.4124
5.3890
1.4540
3.8395
4.7400
1.3907
173.20
7.7310
28.480
1.8960
1063.50
123.00
2.4885
1.5684
0.5401
5.5095
122.05
1.5939
2.7270
788.30
90.35
N. A.
5.0885
1.2395
25.087
25.110
2.0035

0.7200
9.940
29.120
1.1985
5.4437
5.4660
1.4330
3.8950
4.8030
1.4120
176.00
7.7290
28.480
1.8727
1080.75
124.00
2.4920
1.5919
0.5402
5.5850
123.80
1.5945
2.7705
788.60
91.80
44.000
5.1605
1.2630
25.100
25.120
1.9830

0.7200
9.883
28.970
1.1990
5.4788
5.4300
1.4420
3.9025
4.7750
1.4045
174.90
7.7300
28.480
1.8825
1074.00
123.22
2.4930
1.5835
0.5420
5.5595
122.90
1.5980
2.7460
789.20
91.20
N. A.
5.1385
1.2515
25.146
25.160
1.9945

78.59

78.45

79.42

79.01

1

* * I N D E X OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S .
DOLLAR AGAINST CURRENCIES OF OTHER G - 1 0
COUNTRIES.
MARCH 1973 = 1 0 0 .
WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1 9 7 8 .
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.
T H I S RELEASE I S AVAILABLE ONLINE THROUGH THE F A C I L I T I E S OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD.
FOR INFORMATION, CALL ( 2 0 2 ) 3 7 7 - 1 9 8 6 .
*
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO T H I S RELEASE OR ABOUT RECEIVING I T I N DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT ( 2 0 2 ) 4 5 2 - 3 2 4 4 .