Selected Interest & Exchange Rates filedollar prices of foreign currencies and weighted average...

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Fftf LIBRARY S U c « * m Z t ° C T 2 51985

- « 8 < « r

Selected Interest & Exchange Rates Weekly Series of Charts

October 21, 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.


MARCH

180

160

140

120

100

80

120

100

80

70

60

50

160

140

120

100

80

70

100

80

70

60

50

40

120

100

80

70

60

50

ILE 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

RATIO MARCH 197

— JAPANESE YEN , —

f -

" i l l I I I , , , , ,

CANADIAN DOLLAR

GERMAN MARK

U.K. POUND

SWISS FRANC

-

ii 11 Hi ill i

\ l ~

DUTCH GUILDER

I I I I I I III, I lul,, I 111111111111

FRENCH FRANC

I I I I I I

—

- \ A

BELGIAN FRANC

. I .

I I I I I I 11111111111 11111111111

1983 1985

ITALIAN LIRA

l I l I I I 11111111111

1983 1985


CHART 2

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


PERCENT PER ANNUM

6

- CANADIAN DOLLAR -

- \ l -

— A U. K. POUND -

-\

GERMAN MARK

FRENCH FRANC

- ITALIAN LIRA -

- \ \ A

JAPANESE YEN

PERCENT PER ANNUM

24

DUTCH GUILDER

24

12

- 6

- \ SWISS FRANC -

- \ ^ \ / ^ -

0

12

0

16

12

1983 1985 1983 1985


CHART 3

PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

U.S. DOLLARS PER FINE OUNCE

600

U.S. DOLLARS PER FINE OUNCE

600

560 -

520

480

440

400

360 -

320

280

240

12.5 Kg BARS AFTERNOON FIXING PRICE

- 560

520

- 480

440

400

- 360

320

- 280

240

1982 1983 1984 1985


24

20

16

12

8

4

0

24

20

16

12

8

4

+ 0

4

20

16

12

8

4

0

CHART 4

CALL MONEY RATES WEEKLY SERIES

IT PER ANNUM PERCENT PER ANI

FRANCE

U. S. FEDERAL FUNDS

JAPAN

SWITZERLAND

NETHERLANDS

I I I I I I I I

1983 1985

K CANADA

-

- -

I I I

-

GERMANY

-

A . * . — •

I I I I I I I I I I I

1983 1985


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 RATES WEEKLY SERIES

PER ANNUM PERCENT PER

U.S. CD'S

WEIGHTED AVERAGE FOREIGN RATE

CANADIAN FINANCE CO. PAPER

GERMAN INTERBANK RATE U.K. INTERBANK STERLING

NETHERLANDS INTERBANK RATE FRENCH INTERBANK RATE

SWISS INTERBANK RATE

1985 1983

JAPANESE GENSAKI RATE

1985 1983


CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON


PERCENT PER ANNUM PERCENT PER ANNUM

24

20

16 OVERNIGHT

12

8

4

24

20

16 7-DAY

12

8

4

24

20

16 1-MONTH

12

8

4

1983 1985

24

20

3-MONTH

24

20

6-MONTH

24

20

1-YEAR

1983 1985


CHART 7

SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: FLUSH, FAVORS BORROWING IN U. S.


PERCENT PER ANNUM

20

18

16

14

12

10

FEDERAL FUNDS DASHED LINE

OVERNIGHT E U R O - D O L L A R DEPOSITS

1 1 1 1 1 1 1 1 1 1 1 1 i i I i i 11111 '

3-MONTH E U R O - D O L L A R DEPOSITS

90-DAY CD S

PERCENT PER ANNUM

20

18

—

DIFFERENTIAL

-

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

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

i i I i i I i 11 i i I i i I i i I i

16

14

12

10

—

DIFFERENTIAL

-

-

I I 1 1 I 1 1 1 1 1 1 1 1 1 1 1 i ! 1 ! 1 1 1983 1985


CHART 8

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


PERCENT PER ANNUM

22

18

A A

-

14 M EURO-DOLLAR DEPOSITS

IA DASHED LINE

k J V W

10 - K -A A "

INTERBANK STERLING 6 COVERED LONDON

2 1 1 1 M I I I I M I M iiliiinln

2

22

18

14

10

DIFFERENTIAL

EURO-DOLLAR DEPOSITS DASHED LINE

PERCENT PER ANNUM

22

- 1 8

CANADIAN FINANCE CO. PAPER, COVERED

U. S. COMMERCIAL PAPER

INTERBANK DM COVERED FRANKFURT

DIFFERENTIAL

1 1 1

/ V W A v V A " r v

1 1 1 1 1 1 1 1 1 1 1

/ AVV-WA/

14

10

DIFFERENTIAL

r-yv^V-~

111111111II

SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS DASHED LINE

— 6

I I I I I

4

22

18

14

10

DIFFERENTIAL

1983 1985

1 PERCENT ON D IFFERENTIAL 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

PERCENT PER ANNUM

> 19

• 15 UNITED STATES

-

11 v x ,

# —

7 I I I lllllllllll

UNITED KINGDOM

5

22

18

14

10

MONTHLY

JAPAN

PERCENT PER ANNUM

19

U. S. CORPORATE MONTHLY

-

- \

Aaa BONDS -

CANADA

- SWITZERLAND -

-

l l l l l l l l l l l

GERMANY

FRANCE

NETHERLANDS MONTHLY

1983 1985 1983 1985


CHART 10

INDUSTRIAL STOCK WEEKLY SERIES

INDICES

RATIO SCALE 1969=100

RATIO SCALE 1969=100

260 " 260

220 - UNITED STATES — - 220 UNITED KINGDOM YV

180 — A - f j v \ i - 180

140 - /A/V - A • 140

100 I P I I I I | | | | | | | | [ | L L L L L L L L L L L I I I I | | I I L I I L I I L I I 100 260 —

260

220 - ~ - A A - 220

180 N E T H E R L A N D S A . / V

/ ~ -

FRANCE f \ J V

- 180

140 — j \ j \ J — - ^ - 140

100 - Y - - 100

80

I I I -

L L L L L L L L L L L

80

260 — — 260

220 — / - - 220

180 GERMANY j r f — - 180

140 - - SWITZERLAND - 140

100 - — 100

80 I I I I I I I I I I I I I I I I I I I L I I L I I L I I I I L L I I H I L I I H I L L L L L L L L L L L 80

CANADA

J A P A N

1983 1985 1983 1985


SERIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 1. SPOT EXCHANGE BATES AND INDICES

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

GERMAN MARK OCT. 16 37. 52 JAPANESE YEN OCT. 16 0.46362 DUTCH GUILDER OCT. 16 33.28 U.K. POUND OCT. 16 141.07 CANADIAN DOLLAR OCT. 16 73. 03 FRENCH FRANC OCT. 16 12,31 SWISS FRANC OCT. 16 45.70 BELGIAN FRANC OCT. 16 1.85067 ITALIAN LIRA OCT. 16 0.05556 SWEDISH KBONA OCT. 16 12. 50

INDICES, MARCH 1973 BASE BATES = 100

GEBMAN MARK OCT. 16 105.54 JAPANESE YEN OCT. 16 121.39 DUTCH GUILDER OCT. 16 95.54 U.K. POUND OCT. 16 57.06 CANADIAN DOLLAR OCT. 16 72.79 FRENCH FRANC OCT. 16 55.45 SWISS FRANC OCT. 16 147.04 BELGIAN FRANC OCT. 16 72.93 ITALIAN LIRA OCT. 16 31.56

WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAS 1973 = 100 (G- 10 COUNTRIES PLUS SWITZEBLAND)

U. S. DOLLAR OCT. 16 131.30 GEBMAN MARK OCT. 16 138. 13 JAPANESE YEN OCT. 16 158.26 DUTCH GUILDER OCT. 16 120.00 U.K. POUND OCT. 16 68.33 CANADIAN DOLLAR OCT. 16 89.64 FRENCH FBANC OCT. 16 65.94 SWISS FRANC OCT. 16 185-70 BELGIAN FRANC OCT. 16 90.04 ITALIAN LIB A OCT. 16 36.47 SWEDISH KBONA OCT. 16 67.82

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

CANADIAN DOLLAR OCT. 16 -0. 49 U.K. POUND OCT. 16 -3. 22 GEBMAN MARK OCT. 16 3. 53 FRENCH FRANC OCT. 16 -2. 09 SWISS FRANC OCT. 16 3. 68 DUTCH GUILDER OCT. 16 2. 29 JAPANESE YEN OCT. 16 1. 73 ITALIAN LIRA OCT. 16 -5. 73


SEBIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING

D.S. DOLLARS PEE FINE OUNCE OCT. 16 325.68

4. CALL MONEY BATES

U.S. FEDERAL FUNDS OCT. 16 8.03 OVERNIGHT EURO-DOLLAR DEPOSITS OCT. 16 8.00 U. K. OCT. 16 11.60 CANADA OCT. 16 8. 50 GERMANY OCT. 16 4.49 JAPAN OCT. 16 6.31 FRANCE OCT. 16 9.36 NETHERLANDS OCT. 16 5.71 SWITZERLAND OCT. 16 0.97

5. 3-MONTH INTEREST RATES

U.S. 90-DAY CD'S, SECONDARY MARKET OCT. 16 7.92 GERMAN INTERBANK LOAN OCT. 16 4.71 JAPANESE GENSAKI RATE OCT. 16 6.34 CANADIAN FINANCE PAPER OCT. 16 8.72 INTERBANK STERLING OCT. 16 11.50 SWISS INTERBANK LOAN OCT. 16 4.50 FRENCH INTERBANK RATE OCT. 16 9.36 NETHERLANDS INTERBANK RATE OCT. 16 5. 80 WEIGHTED AVERAGE FOREIGN INTEREST RATE OCT. 16 7.73

(G-10 COUNTRIES PLUS SWITZERLAND)

6. EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT OCT. 16 8.00 7-DAY OCT. 16 8.00 1-MONTH OCT. 16 8.00 3-MONTH OCT. 16 8. 13 6-MONTH OCT. 16 8. 25 1-YEAR OCT. 16 8.63

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

OVERNIGHT EURO-DOLLAR DEPOSITS OCT. 16 8.00 U.S. FEDERAL FUNDS OCT. 16 8.03 DIFFERENTIAL OCT. 16 -0.03

3-MONTH EURO-DOLLAR DEPOSIT RATE OCT. 16 8. 13 U.S. 90-DAY CD'S, SECONDARY MARKET OCT. 16 7.92 DIFFERENTIAL OCT. 16 0.21


SERIES NAME LAST VALUE SLOTTED

DATE VALUE

CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS

EURO-DOLLAR DEPOSIT OCT. 16 8. 13 INTERBANK STERLING (LONDON), COVERED OCT. 16 8. 19 DIFFERENTIAL OCT. 16 -0. 06

U.S. COMMERCIAL PAPER OCT. 16 7. 86 CANADIAN FINANCE PAPER, COVERED OCT. 16 8. 23 DIFFERENTIAL OCT. 16 -0. 35

EURO-DOLLAR DEPOSIT OCT. 16 8. 13 INTERBANK DM (FRANKFORT), COVERED OCT. 16 8. 28 DIFFERENTIAL OCT. 16 -0. 16

EURO-DOLLAR DEPOSIT OCT. 16 8. 13 SWISS INTERBANK, COVERED OCT. 16 8. 22 DIFFERENTIAL OCT. 16 -0. 09

CHART 9. LONG TERM GOVEBHENT BOND YIELDS

UNITED STATES OCT. 11 10-37 GERMANY OCT. 11 6.46 JAPAN (MONTHLY) JAN. 6.29 SWITZERLAND OCT. 4 4.73 CANADA OCT. 4 10.97 FRANCE AUG. 23 11.99 NETHERLANDS (MONTHLY) JUNE 7.39 UNITED KINGDOM OCT. 4 9.82

U.S. CORPORATE

AAA BONDS SEPT. 11.07

CHART 10. STOCK INDICES

UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN

OCT. 9 188.32 OCT. 9 221.39 OCT. 9 259.98 OCT. 9 233.78 OCT. 9 162.43 OCT. 9 222.80 OCT. 9 207.18 OCT. 9 273.99


FEDERAL RESERVE statistical release =aMjg:

H.10(512) OCTOBEH Iti, 1985

FOREIGN EXCHANGE RATES FOB THE WEEK ENDING 0CT0BB8 18, 1985

The Board of Govemors 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:

HONETABI iCoaaENCi puis pee dqllab> COUNTRY UNIT OCT. 14 OCT. 15 OCT. 16 OCT. 17 OCT. 18

•AUSTRALIA DOLLAR 70,00 69.90 70.31 70.47 AUSTRIA SCHILLING 18.704 18.850 18.583 18.525 BELGIOM FRANC 53.900 54.320 53.590 53.490 BRAZIL CRUZEIRO 8135,00 8170.00 8205.00 8240.00 CANADA DOLLAR 1.3703 1.3710 1.3664 1.3651 CHINA# P.R. YUAN 3.0536 3.0658 3.0b58 3.0627 DENMARK KRONE 9.6485 9.7260 9.6030 9.5600 FINLAND MARKKA 5.7100 5.7460 5.6990 5.6850 FRANCE FRANC 8.1145 8.1800 8.077b 8.0475 GERMANY D. MARK 2.6625 2.6850 2.6465 2.6375 GREECE DRACHMA 156.050 157.250 155.200 154.800 BONG KONG DOLLAR 7.7940 7.8065 7.8010 7.7960 INDIA RUPEE 12.0900 12.1000 12.0800 12.0900

•IRELAND POUND 116.20 115.35 116.90 117.35 ITALY LIRA 1799.00 1814.00 1768.00 1782.50 JAPAN YEN 215.45 217.30 215.15 215. 15 MALAYSIA RINGGIT 2.4610 2.4640 2.4625 2.45*0 MEXICO PESO 393.0000 384.5000 390.0000 407.0000 NETHERLANDS GUILDER 3.0010 3.0270 2.9880 2.9765

• NEW ZEALAND DOLLAR 58.800 57.850 57.900 58.200 NORWAY KRONE 7.9270 8.0070 7.9530 7.9550 PORTUGAL BSCUDO 164.500 165.700 163.700 163.600 SINGAPORE DOLLAR 2.1415 2.1455 2.1415 2. 1400

•SOUTH AFRICA RAND 36.40 36.25 38. 10 38.00 SOOTH KOREA HON 894.30 894.70 895.20 895.00 SPAIN PESETA 162.000 163.400 161.500 161.450 SRI LANKA RUPEE 27.406 27.426 27.427 27.42J SWEDEN KRONA 7.9830 8.0350 7.9660 7.9640 SWITZERLAND FRANC 2.1830 2.2050 2.1750 2. 1690 TAIWAN DOLLAR 40.160 40. 150 40.150 NA THAILAND BAHT 26.580 26.580 26.700 26.650

•UNITED KINGDOM POUND 141.28 140.75 141.40 142.80

MEMO: *UNITED STATES DOLLAR 131.45 132.38 130.96 130.51

•INDEX OF WEIGHTED AYEBAGB EXCHANGE VALOE Of U.S. DOLLAB AGAINST C0BBENCIE5 Of OTHEB G-10 COONTBIES. HABCH 1973 = 100. *EIGHTS ABE 1972-76 GLOBAL TBADE Of EACH Of THE 10 COONTBIES. SEBIES REVISED AS OF AD60ST 1978. FOB DBSCBIPTION AND BACK DATA, SEE eIND£X OF THE BSIGHTED-AVERAGE EXCHANGE VALOE Of THE U.S. DOLLAB: BEVISICB" ON PAGE 700 OF THE AfltiOST 1978 FEDEBAL BESEBfE BULLETIN.

•VALOE IS O.S. CENTS


Selected Interest & Exchange Rates filedollar prices of foreign currencies and weighted average...

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