Selected Interest & Exchange Rates filedollar prices of foreign currencies and weighted average...
Transcript of 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
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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.
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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
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CHART 2
3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
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
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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
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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
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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
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CHART 6
EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
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
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CHART 7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: FLUSH, FAVORS BORROWING IN U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
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
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CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
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
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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
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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
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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
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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
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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
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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
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