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(516/517) f Selected Interest & Exchange Rates Weekly Series of Charts > i July 21, 1986 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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  • ( 5 1 6 / 5 1 7 )

    f

    Selected Interest & Exchange Rates Weekly Series of Charts

    >

    i

    July 21, 1986 DIVISION OF INTERNATIONAL FINANCE

    Prepared by the FINANCIAL MARKETS SECTION

    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.

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

  • RATIO MARCH

    200 180

    160

    140

    120

    100

    200 180

    160

    140

    120

    100

    80

    140

    120

    100

    90

    80

    70

    60

    90

    80

    70

    60

    50

    40

    120

    100

    90

    80

    70

    60

    50

    1=100

    50 45

    40

    35

    30

    25

    200 180

    160

    140

    120

    100

    80

    140

    120

    100

    90

    80

    70

    60

    90

    80

    70

    60

    50

    40

    240

    200 180

    160

    140

    120

    100

    CHART 1

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    CALE 1973=100

    RATIO MARCH 197

    FOREIGN CURRENCY PRICE OF U.S. DOLLAR

    ITALIAN LIRA

    JAPANESE YEN GERMAN MARK

    DUTCH GUILDER CANADIAN DOLLAR

    J I 111111111111111111111111

    U.K. POUND

    BELGIAN FRANC

    - FRENCH FRANC

    -

    SWISS FRANC

    1984 1986 1984 1986

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

  • 4

    + 0

    4

    8

    4

    + 0

    4

    8

    8

    4

    0

    8

    0

    8

    16

    24

    32

    8

    4

    + 0

    4

    12

    8

    4

    0

    8

    4

    0

    8

    0

    8

    16

    24

    32

    CHART 2

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    :ENT PER ANNUM PERCENT PER M

    CANADIAN DOLLAR

    U. K. POUND

    GERMAN MARK

    JAPANESE YEN

    A

    SWISS FRANC

    I I I I I I

    DUTCH GUILDER

    FRENCH FRANC ITALIAN LIRA

    A

    1984 1986 1984 1986

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

  • U.S. D(

    520

    500

    480

    460

    440

    420

    400

    380

    360

    340

    320

    300

    280

    260

    520

    500

    480

    460

    440

    420

    400

    380

    360

    340

    320

    300

    280

    260

    CHART 3

    PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

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

    12.5 Kg BARS AFTERNOON FIXING PRICE

    I I I i i I i. i I i i I i i i I i i

    1983 1984 1985 1986

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

  • 20

    16

    12

    8

    4

    0

    20

    16

    12

    8

    4

    0

    20

    16

    12

    8

    4

    0

    20

    16

    12

    8

    4

    0

    20

    16

    12

    8

    4

    0

    20

    16

    12

    8

    4

    0

    CHART 4

    CALL MONEY RATES WEEKLY SERIES

    :NT PER ANNUM PERCENT PER AT

    U. S. FEDERAL FUNDS FRANCE

    JAPAN

    SWITZERLAND CANADA

    UNITED KINGDOM

    GERMANY

    NETHERLANDS

    vWvs/v

    1984 1986 1984 1986

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

  • PERC

    14

    12

    10

    8

    6

    4

    16

    14

    12

    10

    8

    10

    8

    6

    4

    2 8

    7

    6

    5

    4

    UM

    16

    14

    12

    10

    8

    6

    14

    12

    10

    8

    6

    10

    8

    6

    4

    2 8

    6

    4

    2

    0

    CHART 5

    3-MONTH INTEREST RATES WEEKLY SERIES

    NT PER ANNUM PERCENT PER AN

    U.S. CD'S

    WEIGHTED AVERAGE FOREIGN RATE

    CANADIAN FINANCE CO. PAPER

    h -

    I I I I I I

    -

    U.K. INTERBANK STERLING ' I FRENCH INTERBANK RATE

    -

    I I I I I I

    \ -

    GERMAN INTERBANK RATE

    l l l i

    NETHERLANDS INTERBANK RATE

    I I I I I I I

    JAPANESE GENSAKI RATE SWISS INTERBANK RATE

    -

    I I I I I I

    -

    1984 1986 1984 1986

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

  • 16

    14

    12

    10

    8

    6

    16

    14

    12

    10

    8

    6

    16

    14

    12

    10

    8

    6

    16

    14

    12

    10

    8

    6

    16

    14

    12

    10

    8

    6

    16

    14

    12

    10

    8

    6

    CHART 6

    EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

    ENT PER ANNUM PERCENT PER AL

    OVERNIGHT 3-MONTH

    -

    I I I I I I i i l l H i i l l i

    6-MONTH 7-DAY

    I I I I I I I I I l l l l l l l

    1-MONTH 1-YEAR

    1984 1986 1984 1986

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

  • CHART 7

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    PERCENT PER ANNUM

    16

    14

    12

    10

    FEDERAL FUNDS DASHED LINE

    OVERNIGHT EURO-DOLLAR DEPOSITS

    1L

    DIFFERENTIAL

    I I I

    I I I I I I

    PERCENT PER ANNUM

    16

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

    3-MONTH EURO-DOLLAR DEPOSITS

    90-DAY CD' S

    I I I I I I 4

    DIFFERENTIAL

    V ^ V V V V x A v

    I I I 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

    + 0

    1984 1986

    1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

    1984 1986

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

  • CHART 8

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    PERCENT PER ANNUM

    18

    14

    10

    2

    18

    14

    10

    EURO-DOLLAR DEPOSITS DASHED LINE

    INTERBANK STERLING COVERED LONDON

    I I I I I

    DIFFERENTIAL

    INTERBANK DM COVERED FRANKFURT

    EURO-DOLLAR DEPOSITS DASHED LINE

    DIFFERENTIAL

    J J J

    CANADIAN FINANCE CO. PAPER, COVERED

    PERCENT PER ANNUM

    18

    - 14

    U. S. COMMERCIAL PAPER

    DIFFERENTIAL

    I I I I I

    SWISS INTERBANK (SF) COVERED

    EURO-DOLLAR DEPOSITS DASHED LINE

    DIFFERENTIAL

    I l I 1984 1986

    1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

    1984

    - 1 0

    2

    18

    14

    10

    2 2

    0

    1986

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

  • CHART 9

    LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

    PERCENT PER ANNUM

    1? r ~ PERCENT PER ANNUM

    UNITED STATES CANADA 15

    13

    11

    9

    7

    15

    13 SWITZERLAND UNITED KINGDOM

    11

    9

    7

    10 GERMANY

    JAPAN 8

    6

    4

    18 U. S. CORPORATE MONTHLY

    16 FRANCE

    Aaa BONDS 14

    12

    NETHERLANDS MONTHLY

    10

    8

    6 1986 1984 1986 1984

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

  • CHART 10

    INDUSTRIAL STOCK INDICES WEEKLY SERIES

    RATIO SCALE 1969=100

    UNITED STATES

    NETHERLANDS

    FRANCE

    350

    300 - J -250 __ JAPAN

    200 - V -

    150 s V M I I I I I 11111111111

    RATIO SCALE 1969=100

    350

    - / X v * - 300 250

    UNITED KINGDOM Z

    - r* - 200

    - 150

    I I I 11 I n h i l l i 100 245

    - i - 210 - / - 175

    SWITZERLAND 140

    y v V - 105

    I I I I I I | , , i i l l M i i l l i 70

    GERMANY

    1984 1986 1984 1986

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

  • SERIES NAME LAST VALUE PLOTTED

    DATE VALUE

    CBAfiT 1 . SPOT EXCHANGE BATES AND INDICES

    WEEKLY AVERAGES, NOON BUYING BATES ( U . S . CENTS)

    GERMAN MARK JULY 16 4 6 . 0 4 JAPANESE YEN JULY 16 0 . 6 2 5 0 2 DUTCH GUILDER JULY 16 4 0 . 8 6 II. K- POUND JULY 16 1 5 0 . 16

    t CANADIAN DOLLAR JULY 16 7 2 . 64 FRENCH FRANC JULY 16 1 4 . 3 0 SWISS FRANC JULY 16 5 6 . 5 0 BELGIAN FRANC JULY 16 2 . 2 3 5 8 0 ITALIAN LIRA JULY 16 0 . 0 6 7 0 1 SWEDISH KRONA JULY 16 1 4 . 0 5

    I N D I C E S , 8ARCH 1 9 7 3 BASE BATES = 100

    GERMAN MARK JULY 16 1 2 9 . 5 1 JAPANESE YEN JULY 16 1 6 3 . 6 5 DUTCH GUILDER JULY 16 1 1 7 . 3 1 U .K. POUND JULY 16 6 0 . 7 3 CANADIAN DOLLAR JULY 16 7 2 . 4 0 FRENCH FRANC JULY 16 6 4 . 4 5 SWISS FRANC JULY 16 1 8 1 . 76 BELGIAN FRANC JULY 16 8 8 . 10 ITALIAN LIRA JULY 16 3 8 . 07

    WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , HAS 15173 = 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)

    U . S . DOLLAR JULY 16 1 1 1 . 2 2 GERMAN MARK JULY 16 1 5 0 . 61 JAPANESE YEN JULY 1 6 1 9 0 . 6 6 DUTCH GUILDER JULY 16 1 2 9 . 7 3 U . K . POUND JULY 16 6 3 . 2 6 CANADIAN DOLLAR JULY 16 7 7 . 2 7 FRENCH FRANC JULY 1 6 6 7 . 2 7 SWISS FRANC JULY 16 2 0 1 . 5 4 BELGIAN FRANC JULY 16 9 5 . 5 8 ITALIAN LIRA JULY 16 3 8 . 6 9 SWEDISH KRONA JULY 16 6 6 . 7 8

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

    CANADIAN DOLLAR JULY 16 - 1 . 7 9 8 . K . POUND JULY 16 - 3 . 3 0 GE&HAM MARK JULY 16 2 . 0 7 FRENCH FRANC JULY 16 - 0 . 6 8 SWISS FRANC JULY 16 1 . 7 2 DUTCH GUILDER JULY 16 0 . 9 3 JAPANESE YEN JULY 16 2 . 0 2 ITALIAN LIRA JULY 16 - 4 . 7 0

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

  • S E R I E S NAME LAST VALUE PLOTTED

    DATE VALUE

    CHART 3 . GOLD PRICE IM LOSDON, AFTERNOON FIXING

    U . S . DOLLARS PER F I N E OUNCE JULY 16 3 4 6 . 8 5

    CHART 4 . CALL MONEY RATES

    U . S . FEDERAL FUNDS JULY 16 6 . 5 1 OVERNIGHT EURO-DOLLAJB DEPOSITS JULY 16 6 . 5 6 U. K_ JULY 16 9 . 9 5 CANADA JULY 16 8 . 4 7 GERMANY JULY 16 4 . 49 JAPAN JULY 16 4 . 4 1 FRANCE JULY 16 7 . 14 NETHERLANDS JULY 16 5 . 9 7 SWITZERLAND JULY 16 1 . 9 0

    CHART 5 . J-MONTH INTEREST BATES

    U.S. 90-DAY C D ' S , SECONDARY MARKET JULY 16 6 . 3 6 GE&8AN INTERBANK LOAN JULY 16 4 . 5 8 JAPANESE GENSAKI RATI JULY 16 4 . 6 1 CANADIAN FINANCE PAPER JULY 16 8 . 3 6 INTERBANK STERLING JULY 16 9 . 9 1 S i I S S INTERBANK LOAN JULY 16 4 . 7 5 FRENCH INTERBANK RATE JULY 16 7 . 14 NETHERLANDS INTERBANK HATE JULY 16 5 . 5 9 HEIGHTED AVERAGE FOREIGN INTEREST RATE JULY 16 6 . 6 2

    ( G - 1 0 COUNTRIES PLUS SSITZESLAND)

    CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON

    OVERNIGHT JULY 16 6 . 5 6 7-DAY JULY 16 6 . 5 9 1-MONTH JULY 16 6 . 5 6 3-MONTH JULY 16 6 . 5 4 6-MONTH JULY 16 6 . 5 5 1-YEAR JULY 16 6 . 6 0

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

    OVERNIGHT EURO-DOLLAR DEPOSITS JULY 16 6 . 5 6 U . S . FEDERAL FUNDS JULY 16 6 . 5 1 DIFFERENTIAL JULY 1 6 0 . 0 5

    3-MONTH EURO-DOLLAR DEPOSIT RATE JULY 16 6 . 5 4 U . S . 90-DAY C D ' S , SECONDARY MARKET JULY 16 6 . 3 6 DIFFERENTIAL JULY 16 0 . 18

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

  • SERIES NAME LAST VALUE PLOTTED

    DATE VALUE

    CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS

    EURO-DOLLAR DEPOSIT JULY 16 6 . 5 4 INTERBANK STERLING (LONDON) , COVERED JULY 16 6 . 5 3 DIFFERENTIAL JULY 16 0 . 0 1

    U . S . COMMERCIAL PAPER JULY 16 6 . 3 1 CANADIAN FINANCE PAPER, COVERED JULY 16 6 . 5 4 DIFFERENTIAL JULY 16 - 0 . 2 3

    EURO-DOLLAR DEPOSIT JULY 16 6 . 5 4 INTERBANK DM (FRANKFURT), COVERED JULY 16 6 . 6 8 DIFFERENTIAL JULY 16 - 0 . 14

    EURO-DOLLAR DEPOSIT JULY 16 6 . 5 4 SWISS INTERBANK, COVERED JULY 16 6 . 4 9 DIFFERENTIAL J U L * 16 0 . 05

    CHART 9 . LONG TERM GOVEfiMNT BOND YIELDS

    UNITED STATES JULY 11 7 . 3 3 GERMANY JULY 11 5 . 8 4 JAPAN (MONTHLY) JULY 11 5 . 0 1 SWITZERLAND JUNE 2 7 4 . 1 7 CANADA JULY 4 9 . 75 FRANCE JULY 4 8 . 6 5 NETHERLANDS (MONTHLY) MAY 6 . 39 UNITED KINGDOM JULY 11 9 . 0 6

    U . S . CORPORATE

    AAA BONDS JUNE 9 . 1 3

    CHART 1 0 . STOCK INDICES

    UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS PRANCE JAPAN

    J U L ! 9 2 4 9 . 7 1 JULY 9 2 9 2 - 7 3 JULY 9 2 9 8 . 4 1 JULY 9 2 6 0 . 5 9 JULY 9 1 8 2 . 7 4 JULY 9 3 4 7 . 2 3 JULY 9 3 7 0 . 5 0 JULY 9 3 5 9 . 4 2

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

  • FEDERAL RESERVE statistical release

    H.10 (512) J U L ! 1 6 , 19tib

    FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUL I 1 8 , 1986

    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 /niRHKiirT nnTT_q PRO n n n i B i

    COUNTRY UNIT JULY 14 JULY 15 JULY 16 JULY 17 JULY 18

    AUSTRALIA DOLLAR 6 4 . 1 9 6 4 . 1 0 6 3 . 7 1 6 3 . 6 8 6 3 . 8 2 AUSTRIA SCHILLING 1 5 . 3 4 7 1 5 . 2 4 0 15 . 106 1 5 . 0 8 5 1 4 . 9 9 0 BELG1UH FRANC 4 4 . 9 2 0 4 4 . 6 4 0 4 4 , 3 3 0 4 4 . 3 5 0 4 3 . 9 9 0 BRAZIL CRUZADO 1 3 . 8 4 1 3 . 8 4 1 3 - 8 4 1 3 . 8 4 1 3 . 8 4 CANADA DOLLAR 1 . 3 7 6 9 1 . 3 7 4 5 1 . 3 7 6 0 1 . 3 7 5 0 1 . 3 7 5 3 CHINA,P .R , YUAN 3 . 7 1 2 9 3 . 7 1 2 9 3 . 7 1 2 9 3 . 7 1 2 9 3 . 7 1 2 9 DENHARK KRONE 8 . 1660 8 . 1 2 3 5 8 . 0 5 8 5 8 . 0 4 8 0 8 . 0 0 7 0 FINLAND HARKKA 5 . 1 2 9 0 5 . 1 0 1 0 5 . 0 6 4 0 5 . 0 5 9 0 5 . 0 4 0 5 FRANCS FRANC 7 . 0 1 5 0 6 . 9 9 5 0 6 . 9 4 3 0 6 . 9 3 5 0 6 . 8 8 7 5 GERJLANY D. HARK 2 . 1 8 0 5 2 . 1 6 6 0 2 . 1 5 0 0 2 . 1 4 7 5 2 . 1310 GREECE DRACHHA 1 4 0 . 0 0 0 1 4 0 . 5 0 0 1 3 8 . 150 1 3 8 . 2 5 0 1 3 8 . 0 0 0 HONG KONG DOLLAR 7 . 8 1 3 0 7 . 8 1 4 8 7 . 8 1 3 5 7 . 8 1 4 5 7 . 8 1 3 0 INDIA RUPEE 1 2 . 6 2 0 0 12*5400 1 2 . 4 7 0 0 1 2 , 5 3 0 0 1 2 . 5 9 0 0

    IRELAND POUND 1 3 7 . 4 2 1 3 8 . 2 8 1 3 8 . 8 8 1 3 8 . 9 0 1 3 9 . 45 ITALY LIRA 1 4 9 8 . 0 0 1 4 8 9 . 0 0 1 4 7 7 . 0 0 1 4 7 5 . 0 0 1 4 6 4 . 0 0 JAPAN YEN 1 6 0 . 2 5 1 5 9 . 5 0 1 5 8 . 4 0 1 5 7 . 3 5 1 5 6 . 4 5 MALAYSIA RINGGIT 2 . 6 7 0 0 2 . 6 7 0 0 2 . 6 4 9 0 2 . 6 5 0 0 2 . 6 6 5 0 NETHERLANDS GUILDER 2 . 4 5 7 0 2 . 4 4 0 5 2 . 4 2 4 0 2 . 4 2 1 5 2 . 4 0 1 0

    NEW ZEALAND DOLLAR 5 3 . 2 5 0 5 3 . 2 0 0 5 3 . 3 0 0 5 3 , 4 0 0 5 3 . 4 0 0 NORWAY KRONE 7 . 6 4 8 0 7 . 5 2 7 0 7 . 4 7 3 5 7 . 4 5 7 0 7 . 4 3 2 0 PORTUGAL SSCUDO 1 5 0 . 2 0 0 1 4 9 . 3 0 0 1 4 8 . 3 5 0 1 4 8 . 0 0 0 1 4 7 . 7 5 0 SINGAPORE DOLLAR 2 . 1 9 3 5 2 . 1 8 7 0 2 . 1 8 5 0 2 . 1 8 3 5 2 . 1 8 3 0

    SOUTH AFRICA RAND 3 8 . 0 0 3 8 . 2 5 3 8 . 5 0 3 8 . 7 5 3 8 . 7 5 SOUTH KOREA HON 8 8 9 . 7 0 8 8 9 . 6 0 8 8 9 . 10 8 8 9 . 1 0 8 8 8 . 6 0 SPAIN PESETA 1 3 8 . 9 8 0 1 3 7 . 9 5 0 1 3 6 . 9 5 0 1 3 6 . 8 0 0 1 3 5 . 9 0 0 SRI LANKA RUPEE 2 8 . 0 6 8 2 8 . 0 6 8 2 8 . 0 6 5 2 8 . 0 6 8 2 8 . 0 7 7 SWEDEN KRONA 7 . 1 5 3 0 7 . 1 0 8 0 7 , 0 5 6 0 7 . 0 5 0 0 7 . 0 2 2 0 SWITZERLAND FRANC 1 . 7 8 1 0 1 . 7 5 9 5 1 . 7 4 2 5 1 . 7 4 4 7 1 . 7 2 4 0 TAIWAN DOLLAR 3 8 . 1 2 0 3 8 , 1 2 0 3 8 . 120 3 8 . 1 2 0 3 8 . 1 2 0 THAILAND BAHT 2 6 . 3 0 0 2 6 . 2 4 0 2 6 . 1 9 0 2 6 . 1 6 0 2 6 . 160

    UNITED KINGDON POUND 1 4 8 . 0 5 1 4 9 . 4 0 1 5 1 . 4 0 1 5 1 . 5 0 1 5 0 . 4 5

    HERO: 1 0 9 . 5 5 UNITED STATES DOLLAR 1 1 1 . 7 3 1 1 1 . 0 8 1 1 0 . 2 7

    I r . n

    1 1 0 . 0 9

    "ncneu^r oc nil

    1 0 9 . 5 5

    COO Mills. HARCfl 1 9 7 3 = 1 0 0 . S U S H I S A M 1 9 7 2 - 7 6 GLOBAL TRADE OF BACH OF 1H1 10 COIMT1IBS. S 1 1 I S S IBWISSD AS o r AOG0ST 1 9 7 8 . FOR DESCRIPTION AMD .BACK DATA, S I S "INDJtf Of THE 1XGHT1DAYBRAGB EXCHANGE VALUE OF THE O . S . DOLLAR: REVISION" 0 1 PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE BULLETIN.

    *VAL0E I S O . S . C U T S

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