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5 (516/517) fc L Ar! °m 'M s oata 21985 ^'brary ' f ( u 0£ c w m J Q 8 / i » " % % % Selected Interest & Exchange Rates Weekly Series of Charts September 9, 1985 Prepared by the FINANCIAL MARKETS SECTION DIVISION 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 RATESH.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 :ALE 973=100 RATIO MARCH 197 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR — 180 - 160 JAPANESE YEN — 140 - 120 100 " i i i I I I 80 240 CANADIAN DOLLAR SWISS FRANC 200 - 160 140 120 I I I I I I 100 160 GERMAN MARK DUTCH GUILDER - 140 120 100 80 I I i ill Mi ill i I 70 100 U.K. POUND FRENCH FRANC 80 70 60 50 40 60 BELGIAN FRANC ITALIAN LIRA 50 40 35 30 25 1983 1985 1983 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 6 24 CANADIAN DOLLAR - ITALIAN LIRA - - + A r 0 V V - - - i — i i I IU. A I I i K. POUND I I - I I r i i i i DUTCH GUILDER ~ 1_L I GERMAN MARK - y V y i - \ I i - \ SWISS FRANC - - - 0 16 FRENCH FRANC 12 JAPANESE YEN ill 1983 1985 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ .LARS PER FINE OUNCE U.S. DOLLARS PER FINE 600 600 560 560 520 520 480 480 12.5 Kg BARS AFTERNOON FIXING PRICE 440 440 400 400 360 360 320 320 280 280 240 I 1982 1983 1984 I I I I 1985 I 240 CHART 4 CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 24 24 20 - 16 - - FRANCE - U. S. FEDERAL FUNDS 12 - 8 - - 4 - - 0 I I I - I I I I JAPAN I IIIIIIIIII 24 - 20 SWITZERLAND CANADA \ 16 /XyAA - - - 12 - 8 - 4 + 0 I I I I I A l GERMANY NETHERLANDS 1983 1985 1983 1985 p CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AN 16 18 14 16 12 I \ U . S . CD'S CANADIAN FINANCE CO. PAPER 14 10 8 12 10 — WEIGHTED AVERAGE FOREIGN RATE 6 8 16 12 14 U.K. INTERBANK STERLING GERMAN INTERBANK RATE — \ - 10 12 8 10 6 8 I I I IIIIIIIIII I IIIIIIIIII I 11 17 15 4 FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE — 1 A/M - 9 7 13 11 - 5 9 3 8 10 JAPANESE GENSAKIRATE A SWISS INTERBANK RATE - 8 7 6 6 4 n 5 1983 1985 i h i l ii I n h i l t i 1983 1985 2 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM PERCENT PER ANNUM 24 20 3-MONTH OVERNIGHT 24 20 7-DAY 6-MONTH 24 20 1-MONTH 1983 1-YEAR 1985 1983 1985 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 20 20 18 16 14 12 10 18 — - 16 M J i 14 3-MONTH FEDERAL FUNDS E U R O - D O L L A R DEPOSITS DASHED LINE 12 hAi Uz^ A - 10 V v \ v - OVERNIGHT V - 90-DAY CD* S E U R O - D O L L A R DEPOSITS I I I I I I I I I I I I I I 11111111111111111111111 I I IM I I I I I I 4 3 DIFFERENTIAL DIFFERENTIAL - - | V V v ^ / W v y x / ^-A/^VV/VAA^ + 0 frvyAdyS — - I I I I I I 11111111111 I I I I I I I I I I I 1983 1 PERCENT ON DIFFERENTIAL S C A L E = 2 PERCENT ON RATE SCALE 1985 I I 1983 I I I I I I I I I I I I 11111111111 1985 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 22 22 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS DASHED LINE 'r INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER 2 2 4 2 DIFFERENTIAL DIFFERENTIAL + 0 2 22 22 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT v- EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL 0 2 1983 1985 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 1983 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER At 19 19 UNITED STATES CANADA 15 —W i - 11 15 11 - i i l i i l i n u l l M i l l 11 7 I I I 7 9 15 UNITED KINGDOM - SWITZERLAND - - 5 11 - - 7 I 13 I I I I I I I I 1 13 MONTHLY GERMANY JAPAN 9 9 5 5 22 22 U. S. CORPORATE - MONTHLY 18 18 FRANCE Aaa BONDS 14 - - \ 14 NETHERLANDS MONTHLY 10 10 6 l l 1983 I 11111111111 6 1985 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES W E E K L Y SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 260 220 UNITED STATES — UNITED KINGDOM 180 140 100 ys - y^y. (W — - XV, 260 — 220 - . I I I I I I I I I I I I I I I I I I I I I — / - 180 NETHERLANDS 140 - 100 — A v V FRANCE - Y - 80 — i 220 i i I I I I I I I I I I I I I — — 180 140 I GERMANY - SWITZERLAND - A v / \ / 100 - I 80 I | |||||||||| I I | | | | | | | | , , 320 280 M - r 240 JAPAN 200 — 160 - 120 M CANADA - - y - - r * — — I I I I I 1983 I lllllllllll iiiniiiiii 1985 i i i I I 1983 I iiliiliiln 1985 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 1 . SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVEBAGES, NOON BUYING RATES (U. S . CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH 8 2 0 N A INDICES, HARCH 1 9 7 3 BASE RATES = [GATED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 2 . 4 4 4 4 4 4 4 4 4 4 35.42 Q.41876 31.48 138.31 7 3 . 16 11.59 43.07 1.75044 0.05289 11.95 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 4 4 4 4 4 4 4 4 4 99.64 109.64 90.38 55.94 72.92 52. 25 138. 56 68. 98 30.05 4 4 4 4 4 4 4 4 4 4 4 136.67 135.46 147.89 1 1 8 . 18 69.97 9 3 . 90 64.61 182. 27 88.68 3 6 . 16 67.57 4 4 4 4 4 4 4 4 -1.03 -3.34 3.46 -2.56 3.43 2.27 1. 7 5 -4.78 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA 0 . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KfiONA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. MAR 1 9 7 3 = 100 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 3-MONTH FORWARD EXCHANGE R A T E S , PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. L A S T VALUE PLOTT DATE VALUE S E R I E S NAME CHART 3 . GOLD P R I C E U.S. CHART 4 . I S LONDON, AFTERNOON F I X I N G DOLLARS PER F I N E OUNCE EURO-DOLLAR D E P O S I T RATES: SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 4 4 4 4 4 4 4 4 4 7. 88 7.92 11.97 9.00 4.88 6.33 9.75 5.75 1.70 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 4 4 4 4 4 4 4 4 4 7.82 4.65 6.31 9 . 15 11.60 4.66 9.69 5.70 7.82 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 4 4 4 4 4 4 7.92 7.95 7.99 8. 06 8.21 8.59 LONDON OVERNIGHT 7-DAY 1-MONTH 3-HONTH 6-MONTH 1-YEAR CHART 7 . 331.82 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES P I U S SWITZERLAND) CHART 6 . 4 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . SEPT. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-COLLAR D E P O S I T S U . S . FEDERAL FUNDS DIFFERENTIAL SEPT. SEPT. SEPT. . 4 4 4 7.92 7.88 0.04 3—MONTH EURO-DOLLAR DEPOSIT R A T I U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL SEPT. SEPT. SEPT. 4 4 4 8.06 7.82 Q. 2 4 SERIES CHART 8 . LAST VALUE PLOTTED DATE VALUE NAME I N T E R E S T ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 4 4 4 8 . 06 8 . 16 - 0 . 10 U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 4 4 4 7.71 8 . 10 -0.39 EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL SEPT. SEPT. SEPT. 4 4 4 8.06 8 . 15 -0.09 SEPT. SEPT. SEPT. 4 4 4 8.06 8 . 13 -0.07 AUG. 3 0 AUG. 3 0 JAN. AUG. 16 AUG. 9 AUG. 9 JUNE AUG. 3 0 10,17 6,31 6.29 4.78 10.92 11.61 7.39 9.93 JULY 10.97 COVERED EURO-DOLLAR D E P O S I T S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9 , LONG TEEM COVERSENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. CORPORATE AAA BONDS CHART 1 0 . STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 28 28 28 28 28 28 28 28 193.93 217.94 277.40 214.91 159.98 2 2 9 . 16 223.18 270.33 FEDERAL RESERVE statistical release MS H.10 (512) SEPTEMBER w/ 6, 1985 FOREIGN EXCHANGE RATES FOB THE WEEK ENDING SEPTEMBER 6, 1965 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 •AOSTBALIA AUSTRIA BELGIUM BRAZIL CANADA CHINA,P.B. DENMABK FINLAND FRANCE GERMAN! GREECE BONG KONG INDIA •IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS •NEB ZEALAND NORNAY PHILIPPINES PORTUGAL SINGAPORE •SOOTH AFRICA SOUTH KOREA SPAIN S R I LANKA SWEDEN SWITZERLAND TAIWAN THAILAND •UNITED KINGDOM VENEZUELA MEMO: •UNITED STATES MONETARY UNIT DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND SHEKEL LIRA YEN RINGGI1 PESO GUILDER DOLLAR KRONE PESO ESCUDO DOLLAR BAND HON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIYAB DOLLAR SEP. H 0 L I D A Y 2 - (CURRENCY UNITS PER DOLLAR) SEP. 4 SEP. 3 SEP. 5 SEP. 6 68.70 20.050 57.8*0 6970.00 1.3704 2.9372 10.3450 6.0400 8.7200 2.8540 135.900 7.8140 12.0600 109.10 NA 1907.00 239.50 2.4865 342.0000 3.2120 53.800 8.3815 NA 171.000 2.2675 41.00 891.10 167.400 27.363 8.4350 2.3520 40.480 27.090 136.90 *A 68.45 20.027 57.540 7125.00 1.3688 2.9490 10.3400 6.0300 8.7055 2.8510 136.200 7.8165 12.0800 109.20 NA 1904.00 239.60 2.4860 342.0000 3.2040 53.600 8.3450 NA 170.500 2.2655 39.50 892.90 167.150 27.413 8.4250 2.3460 40.450 26.150 137.28 NA 68.98 20.106 57. 830 7170.00 1.3689 2.9490 10.3630 6.0440 8.7350 2.8620 136.350 7.8145 12.1000 108.75 NA 1915.50 239.95 2.4850 344.5000 3. 2210 53.920 8.3680 NA 171.000 2.2685 39.65 892.90 167.750 27.413 8.4340 2.3565 40.440 27.150 136.50 NA 68.43 20.590 59.170 7215.00 1.3702 2.9608 10.6000 6.1800 8.9425 2.9315 139.800 7.8150 12.2200 106.05 NA 1947.00 243.60 2.5075 359.0000 3.2920 53.500 8.5225 NA 174.000 2.2975 38.50 893.70 171.400 27.413 8.5960 2.4180 NA 27.250 132.50 NA 139.91 139.68 140.19 143.05 •INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAS AGAINST CDHRENCIES OF OTHBB G - 1 1 COUNTRIES. MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ABB 1 9 7 2 - 7 6 GLOBAL TRADE OF BACH OF THE 10 COUNTRIES. S E R I E S REVISED AS OF A0G0ST 1 9 7 8 . FOR DESCRIPTION AID BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALOB OF THE U . S . DOLLAR: R E V I S I O N " ON PAGE 7 0 0 OF THE AOGDST 1 9 7 8 FEDERAL RESERVE BULLETIN. •VALUE I S O . S . CENTS
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