8/i selected interest & exchange rates · 9/9/1985 · 320 280 240 600 560 520 480 440 400 360...

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(516/517)

oata f ( u ^'brary fc°m L'sMA!r '21985 0£ cwmJQ 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

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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 $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, Divi-sion 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.


3=100

180 160

140

120

100

80

240

200

160

140

120

100

160

140

120

100

80

70

100

80

70

60

50

40

60

50

40

35

30

25

:ALE 9 7 3 = 1 0 0

CHART 1

SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)

AVERAGES FOR WEEK ENDING WEDNESDAY

FOREIGN CURRENCY PRICE OF U.S. DOLLAR

CANADIAN DOLLAR

GERMAN MARK

U.K. POUND

BELGIAN FRANC

RATIO MARCH 197

—

— JAPANESE YEN -

-

" i i i I I I

SWISS FRANC

I I I I I I

-

DUTCH GUILDER -

I I I i i l l M i i l l i

FRENCH FRANC

ITALIAN LIRA

1983 1985 1983 1985 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHART 2

3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - )


PERCENT PER ANNUM

6

A

CANADIAN DOLLAR -

-

i i i

r -

I I I

V V

— A I U. K. POUND -

I I I I I I

\ r ~

- GERMAN MARK -

y V y

FRENCH FRANC

- ITALIAN LIRA -

i i i i i i i

-

DUTCH GUILDER

1 _ L

JAPANESE YEN

PERCENT PER ANNUM

24

+ 0

i l l

- \ SWISS FRANC -

- -

0

16

12


U.S. [

600

560

520

480

440

400

360

320

280

240

600

560

520

480

440

400

360

320

280

240

CHART 3

PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

.LARS PER FINE OUNCE U.S. DOLLARS PER FINE

12.5 Kg BARS AFTERNOON FIXING PRICE

I I I I I I


CHART 4

CALL MONEY RATES WEEKLY SERIES

PERCENT PER ANNUM

24

20 --

16 -U. S. FEDERAL FUNDS

-

12 - I -

8 - -

4 - -

0 I I I I I I I I I I I I I I I I I

PERCENT PER ANNUM

2 4

FRANCE

JAPAN

SWITZERLAND

NETHERLANDS

24

- 20

CANADA 16

\ /XyAA - 12

-- 8

-- 4

+ 0

I I I I I l

p A

GERMANY

1 9 8 3 1 9 8 5 1 9 8 3 1 9 8 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

16

14

12

10

8

6

16

14

12

10

8

17

15

13

11

9

8

7

6

5

18

16

14

12

10

8

12

10

8

6

4

11

9

7

5

3

10

8

6

4

2

CHART 5

3-MONTH INTEREST WEEKLY SERIES

RATES

NT PER ANNUM PERCENT PER AN

U.S. CD'S

WEIGHTED AVERAGE FOREIGN RATE

U.K. INTERBANK STERLING

FRENCH INTERBANK RATE

I CANADIAN FINANCE CO. \ PAPER

—

— \ GERMAN INTERBANK RATE -

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

— 1 A / M NETHERLANDS INTERBANK RATE -

-

JAPANESE GENSAKIRATE A SWISS INTERBANK RATE -

n i h i l i i I n h i l t i

1983 1985 1983 1985


CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

PER ANNUM PERCENT PER ANNUM

OVERNIGHT

24

20

3-MONTH

24

20

6-MONTH

24

20

1-YEAR

1983 1985

7-DAY

1-MONTH

1983 1985


CHART 7

SELECTED EURO-DOLLAR AND U. S.MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S.


PERCENT PER ANNUM

20

18

16

14

12

10

- —

Mi FEDERAL FUNDS J DASHED LINE

hAi - Uz^ A

OVERNIGHT \ v - -

EURO-DOLLAR DEPOSITS

I I I I I I I I I I I I I I I I I M I I I I I I

PERCENT PER ANNUM

2 0

18

3-MONTH EURO-DOLLAR DEPOSITS

DIFFERENTIAL

-

I I I

| V V v ^ / W v y x /

I I I

^ - A / ^ V V / V A A ^

1 1 1 1 1 1 1 1 1 1 1

frvyAdyS —

I I I I I I I I I I I

1983 1985

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

V v V

90-DAY CD* S

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

16

14

12

10

DIFFERENTIAL

-

-

I I I I I I I I I I I I I I 1 1 1 1 1 1 1 1 1 1 1

4

3

+ 0

1983 1985


CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS


PERCENT PER ANNUM PERCENT PER ANNUM

22

EURO-DOLLAR DEPOSITS DASHED LINE

INTERBANK STERLING COVERED LONDON

2

22

CANADIAN FINANCE CO. PAPER, COVERED

'r U. S. COMMERCIAL PAPER

2

DIFFERENTIAL

22

SWISS INTERBANK (SF) COVERED


2

DIFFERENTIAL

1985 1983

4

DIFFERENTIAL 2

+ 0

2 22

INTERBANK DM COVERED FRANKFURT

v-


2

DIFFERENTIAL

0

2 1985 1983

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE


19

15

11

7

15

11

7

13

9

5

22

18

14

10

6

19

15

11

7

9

5

1

13

9

5

22

18

14

10

6

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

ENT PER ANNUM PERCENT PER At

UNITED STATES

i i l i i l i n u l l M i l l 11

— W i CANADA

-

I I I

-

UNITED KINGDOM -

I I I I I I

-

- SWITZERLAND -

I I I

-

MONTHLY

GERMANY JAPAN

U. S. CORPORATE MONTHLY -

- \ Aaa BONDS

-

l l I 11111111111

FRANCE

NETHERLANDS MONTHLY

1983 1985 1983 1985


CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

RATIO SCALE 1969=100

RATIO SCALE 1969=100

2 6 0

2 2 0 — UNITED STATES

1 8 0 - y y. y s .

1 4 0 — (W -

1 0 0 XV, I I I I I I I I I I I I I I I I I I I I I I

2 6 0 — —

2 2 0 - / -

1 8 0 NETHERLANDS A v V

1 4 0 - -

1 0 0 — Y -

8 0 —

i i i I I I I I I I I I I I I I I

2 2 0 — —

1 8 0 1 8 0 GERMANY

1 4 0 - A v / \ /

-

1 0 0 -

8 0 I I I | | | | | | | | | | | I | | | | | | | | , ,

UNITED KINGDOM

FRANCE

SWITZERLAND

3 2 0

2 8 0 - M -

2 4 0 JAPAN M r *

r -

2 0 0 — —

1 6 0 -

1 2 0 I I I I I I l l l l l l l l l l l i i i n i i i i i i

-

CANADA

y -

i i i I I I i i l i i l i i l n

—

1 9 8 3 1 9 8 5 1 9 8 3 1 9 8 5


S E R I E S NAME

CHART 1 . SPOT EXCHANGE BATES AND I N D I C E S

LAST VALUE PLOTTED DATE VALUE

WEEKLY AVEBAGES, NOON BUYING RATES (U. S . CENTS)

GERMAN MARK S E P T . 4 3 5 . 4 2 JAPANESE YEN S E P T . 4 Q . 4 1 8 7 6 DUTCH GUILDER S E P T . 4 3 1 . 4 8 U . K . POUND S E P T . 4 1 3 8 . 3 1 CANADIAN DOLLAR S E P T . 4 7 3 . 16 FRENCH FRANC S E P T . 4 1 1 . 5 9 SWISS FRANC S E P T . 4 4 3 . 0 7 BELGIAN FRANC S E P T . 4 1 . 7 5 0 4 4 ITALIAN LIRA S E P T . 4 0 . 0 5 2 8 9 SWEDISH 8 2 0 N A S E P T . 4 1 1 . 9 5

I N D I C E S , HARCH 1 9 7 3 BASE RATES = 1 0 0

GERMAN MARK S E P T . 4 9 9 . 6 4 JAPANESE YEN S E P T . 4 1 0 9 . 6 4 DUTCH GUILDER S E P T . 4 9 0 . 3 8 U . K . POUND S E P T . 4 5 5 . 9 4 CANADIAN DOLLAR S E P T . 4 7 2 . 9 2 FRENCH FRANC S E P T . 4 5 2 . 2 5 SWISS FRANC S E P T . 4 1 3 8 . 5 6 BELGIAN FRANC S E P T . 4 6 8 . 9 8 ITALIAN LIRA S E P T . 4 3 0 . 0 5

[GATED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1 9 7 3 = 1 0 0 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)

0 . S . DOLLAR S E P T . 4 1 3 6 . 6 7 GERMAN MARK S E P T . 4 1 3 5 . 4 6 JAPANESE YEN S E P T . 4 1 4 7 . 8 9 DUTCH GUILDER S E P T . 4 1 1 8 . 18 U . K . POUND S E P T . 4 6 9 . 9 7 CANADIAN DOLLAR S E P T . 4 9 3 . 9 0 FRENCH FRANC S E P T . 4 6 4 . 6 1 SWISS FRANC S E P T . 4 1 8 2 . 2 7 BELGIAN FRANC S E P T . 4 8 8 . 6 8 ITALIAN LIRA S E P T . 4 3 6 . 16 SWEDISH KfiONA S E P T . 4 6 7 . 5 7

CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT

CANADIAN DOLLAR S E P T . 4 - 1 . 0 3 U . K . POUND S E P T . 4 - 3 . 3 4 GERMAN MARK S E P T . 4 3 . 4 6 FRENCH FRANC S E P T . 4 - 2 . 5 6 SWISS FRANC S E P T . 4 3 . 4 3 DUTCH GUILDER S E P T . 4 2 . 2 7 JAPANESE YEN S E P T . 4 1 . 7 5 ITALIAN LIRA S E P T . 4 - 4 . 7 8


S E R I E S NAME LAST VALUE PLOTT

DATE VALUE

CHART 3 . GOLD PRICE I S LONDON, AFTERNOON F I X I N G

U . S . DOLLARS PER FINE OUNCE

CHART 4 . CALL MONEY RATES

U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND

CHART 5 . 3-MONTH INTEREST RATES

U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE

( G - 1 0 COUNTRIES P I U S SWITZERLAND)

S E P T . 4 3 3 1 . 8 2

S E P T . 4 7 . 8 8 S E P T . 4 7 . 9 2 S E P T . 4 1 1 . 9 7 S E P T . 4 9 . 0 0 S E P T . 4 4 . 8 8 S E P T . 4 6 . 3 3 S E P T . 4 9 . 7 5 S E P T . 4 5 . 7 5 S E P T . 4 1 . 7 0

S E P T . 4 7 . 8 2 S E P T . 4 4 . 6 5 S E P T . 4 6 . 3 1 S E P T . 4 9 . 15 S E P T . 4 1 1 . 6 0 S E P T . 4 4 . 6 6 S E P T . 4 9 . 6 9 S E P T . 4 5 . 7 0 S E P T . 4 7 . 8 2

CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT 7-DAY 1-MONTH 3-HONTH 6-MONTH 1-YEAR

S E P T . 4 7 . 9 2 S E P T . 4 7 . 9 5 S E P T . 4 7 . 9 9 S E P T . 4 8 . 0 6 S E P T . 4 8 . 2 1 S E P T . 4 8 . 5 9

CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES

OVERNIGHT EURO-COLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL

3—MONTH EURO-DOLLAR DEPOSIT RATI U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL

S E P T . 4 7 . 9 2 S E P T . 4 7 . 8 8 S E P T . . 4 0 . 0 4

S E P T . 4 8 . 0 6 S E P T . 4 7 . 8 2 S E P T . 4 Q. 24


S E R I E S NAME LAST VALUE PLOTTED

DATE VALUE

CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS

EURO-DOLLAR DEPOSIT S E P T . 4 8 . 0 6 INTERBANK STERLING (LONDON), COVERED S E P T . 4 8 . 16 DIFFERENTIAL S E P T . 4 - 0 . 10

U . S . COMMERCIAL PAPER S E P T . 4 7 . 7 1 CANADIAN FINANCE PAPER, COVERED S E P T . 4 8 . 10 DIFFERENTIAL S E P T . 4 - 0 . 3 9

EURO-DOLLAR DEPOSIT S E P T . 4 8 . 0 6 INTERBANK DM (FRANKFURT) , COVERED S E P T . 4 8 . 15 DIFFERENTIAL S E P T . 4 - 0 . 0 9

EURO-DOLLAR D E P O S I T S E P T . 4 8 . 0 6 SWISS INTERBANK, COVERED S E P T . 4 8 . 13 DIFFERENTIAL S E P T . 4 - 0 . 0 7

CHART 9 , LONG TEEM COVERSENT BOND YIELDS

UNITED STATES AUG. 3 0 1 0 , 1 7 GERMANY AUG. 3 0 6 , 3 1 JAPAN (MONTHLY) J A N . 6 . 2 9 SWITZERLAND AUG. 16 4 . 7 8 CANADA AUG. 9 1 0 . 9 2 FRANCE AUG. 9 1 1 . 6 1 NETHERLANDS (MONTHLY) JUNE 7 . 3 9 UNITED KINGDOM AUG. 3 0 9 . 9 3

U . S . CORPORATE

AAA BONDS JULY 1 0 . 9 7

CHART 1 0 . STOCK I N D I C E S

UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN

AUG. 2 8 1 9 3 . 9 3 AUG. 2 8 2 1 7 . 9 4 AUG. 2 8 2 7 7 . 4 0 AUG. 2 8 2 1 4 . 9 1 AUG. 2 8 1 5 9 . 9 8 AUG. 2 8 2 2 9 . 16 AUG. 2 8 2 2 3 . 1 8 AUG. 2 8 2 7 0 . 3 3


FEDERAL RESERVE statistical release M S w/

H.10 (512) SEPTEMBER 6 , 1 9 8 5

FOREIGN EXCHANGE RATES FOB THE WEEK ENDING SEPTEMBER 6 , 1 9 6 5

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 (CURRENCY UNITS PER DOLLAR)

COUNTRY UNIT S E P . 2 - S E P . 3 S E P . 4 S E P . 5 S E P . 6

•AOSTBALIA DOLLAR 6 8 . 7 0 6 8 . 4 5 6 8 . 9 8 6 8 . 4 3 AUSTRIA SCHILLING 2 0 . 0 5 0 2 0 . 0 2 7 2 0 . 1 0 6 2 0 . 5 9 0 BELGIUM FRANC 5 7 . 8 * 0 5 7 . 5 4 0 5 7 . 8 3 0 5 9 . 1 7 0 BRAZIL CRUZEIRO 6 9 7 0 . 0 0 7 1 2 5 . 0 0 7 1 7 0 . 0 0 7 2 1 5 . 0 0 CANADA DOLLAR 1 . 3 7 0 4 1 . 3 6 8 8 1 . 3 6 8 9 1 . 3 7 0 2 C H I N A , P . B . YUAN 2 . 9 3 7 2 2 . 9 4 9 0 2 . 9 4 9 0 2 . 9 6 0 8 DENMABK KRONE 1 0 . 3 4 5 0 1 0 . 3 4 0 0 1 0 . 3 6 3 0 1 0 . 6 0 0 0 FINLAND MARKKA 6 . 0 4 0 0 6 . 0 3 0 0 6 . 0 4 4 0 6 . 1 8 0 0 FRANCE FRANC 8 . 7 2 0 0 8 . 7 0 5 5 8 . 7 3 5 0 8 . 9 4 2 5 GERMAN! D. MARK 2 . 8 5 4 0 2 . 8 5 1 0 2 . 8 6 2 0 2 . 9 3 1 5 GREECE DRACHMA 1 3 5 . 9 0 0 1 3 6 . 2 0 0 1 3 6 . 3 5 0 1 3 9 . 8 0 0 BONG KONG DOLLAR 7 . 8 1 4 0 7 . 8 1 6 5 7 . 8 1 4 5 7 . 8 1 5 0 INDIA RUPEE H 1 2 . 0 6 0 0 1 2 . 0 8 0 0 1 2 . 1 0 0 0 1 2 . 2 2 0 0

•IRELAND POUND 1 0 9 . 1 0 1 0 9 . 2 0 1 0 8 . 7 5 1 0 6 . 0 5 ISRAEL SHEKEL NA NA NA NA ITALY LIRA 0 1 9 0 7 . 0 0 1 9 0 4 . 0 0 1 9 1 5 . 5 0 1 9 4 7 . 0 0 JAPAN YEN 2 3 9 . 5 0 2 3 9 . 6 0 2 3 9 . 9 5 2 4 3 . 6 0 MALAYSIA RINGGI1 2 . 4 8 6 5 2 . 4 8 6 0 2 . 4 8 5 0 2 . 5 0 7 5 MEXICO PESO L 3 4 2 . 0 0 0 0 3 4 2 . 0 0 0 0 3 4 4 . 5 0 0 0 3 5 9 . 0 0 0 0 NETHERLANDS GUILDER 3 . 2 1 2 0 3 . 2 0 4 0 3 . 2 2 1 0 3 . 2 9 2 0

•NEB ZEALAND DOLLAR 5 3 . 8 0 0 5 3 . 6 0 0 5 3 . 9 2 0 5 3 . 5 0 0 NORNAY KRONE I 8 . 3 8 1 5 8 . 3 4 5 0 8 . 3 6 8 0 8 . 5 2 2 5 P H I L I P P I N E S PESO NA NA NA NA PORTUGAL ESCUDO 1 7 1 . 0 0 0 1 7 0 . 5 0 0 1 7 1 . 0 0 0 1 7 4 . 0 0 0 SINGAPORE DOLLAR D 2 . 2 6 7 5 2 . 2 6 5 5 2 . 2 6 8 5 2 . 2 9 7 5

•SOOTH AFRICA BAND 4 1 . 0 0 3 9 . 5 0 3 9 . 6 5 3 8 . 5 0 SOUTH KOREA HON 8 9 1 . 1 0 8 9 2 . 9 0 8 9 2 . 9 0 8 9 3 . 7 0 SPAIN PESETA A 1 6 7 . 4 0 0 1 6 7 . 1 5 0 1 6 7 . 7 5 0 1 7 1 . 4 0 0 SRI LANKA RUPEE 2 7 . 3 6 3 2 7 . 4 1 3 2 7 . 4 1 3 2 7 . 4 1 3 SWEDEN KRONA 8 . 4 3 5 0 8 . 4 2 5 0 8 . 4 3 4 0 8 . 5 9 6 0 SWITZERLAND FRANC Y 2 . 3 5 2 0 2 . 3 4 6 0 2 . 3 5 6 5 2 . 4 1 8 0 TAIWAN DOLLAR 4 0 . 4 8 0 4 0 . 4 5 0 4 0 . 4 4 0 NA THAILAND BAHT 2 7 . 0 9 0 2 6 . 1 5 0 2 7 . 1 5 0 2 7 . 2 5 0

•UNITED KINGDOM POUND 1 3 6 . 9 0 1 3 7 . 2 8 1 3 6 . 5 0 1 3 2 . 5 0 VENEZUELA BOLIYAB *A NA NA NA

MEMO: 1 4 3 . 0 5 •UNITED STATES DOLLAR 1 3 9 . 9 1 1 3 9 . 6 8 1 4 0 . 1 9 1 4 3 . 0 5

•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. SERIES 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: REVISION" ON PAGE 7 0 0 OF THE AOGDST 1 9 7 8 FEDERAL RESERVE BULLETIN.

•VALUE I S O . S . CENTS


8/i selected interest & exchange rates · 9/9/1985 · 320 280 240 600 560 520 480 440 400 360...

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