h13_19860407.pdf

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, *

Selected Interest & Exchange Rates Weekly Series of Charts

i

April 7, 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.


CHART 1

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

AVERAGES FOR WEEK ENDING WEDNESDAY

RATIO SCALE RATIO SCALE MARCH 1973=100 MARCH 1973=100

200 180 FOREIGN CURRENCY

PRICE OF U.S. DOLLAR

160

140

120

100

50

4 5 ITALIAN LIRA

4 0

35

30

2 5

200 180

JAPANESE YEN 160

140

120

100

80

200 180

GERMAN MARK 160

140

120

100

80

140

CANADIAN DOLLAR 120

100

9 0

80

70

60

140 DUTCH GUILDER

120

100

9 0

80

70

60

90

80 FRENCH FRANC

70

60

50

4 0

9 0

80 U.K. POUND

70

60

5 0

4 0

2 4 0

SWISS FRANC 200

180

160

140

120

too 1984 1986

120 BELGIAN FRANC

100

9 0

80

70

60

1984 1986


CHART 2

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


PERCENT PER ANNUM

4

CANADIAN DOLLAR

-

I I I I I I I I I I I

V -

U. K. POUND

\J -

GERMAN MARK —

PERCENT PER ANNUM

8

FRENCH FRANC

u

JAPANESE YEN

SWISS FRANC

DUTCH GUILDER

ITALIAN LIRA

): 8

OSr

- - J

i ;

38

T124

36

)g2 1984 1986 1984 1986


U.S. c

5 2 0

500

4 8 0

4 6 0

4 4 0

4 2 0

4 0 0

3 8 0

3 6 0

3 4 0

3 2 0

3 0 0

280

260

520

500

4 8 0

4 6 0

4 4 0

4 2 0

4 0 0

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 '

12.5 Kg BARS AFTERNOON FIXING PRICE

I I I

1983 1984 1985 1986


PER

20

16

12

8

4

0

20

16

12

8

4

0

20

16

12

8

4

0

NUM

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

INT PER ANNUM PERCENT PER M

U. S. FEDERAL FUNDS

I I I I I I I

FRANCE

JAPAN

SWITZERLAND CANADA

j l l l

UNITED KINGDOM

NETHERLANDS

i_L

I GERMANY

-

vvV_~/ —' uWwv

>,ll>h,l>, 1984 1986 1984 1986


14

12

10

8

6

4

16

14

12

10

8

10

8

6

4

2

9

8

7

6

5

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 Ah

U . S . C D ' S CANADIAN FINANCE CO. PAPER

WEIGHTED AVERAGE FOREIGN RATE

FRENCH INTERBANK RATE U.K. INTERBANK STERLING

NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE

SWISS INTERBANK RATE

JAPANESE GENSAKI RATE

1984 1986 1984 1986


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

7-DAY 6-MONTH

1-MONTH 1-YEAR

1984 1986 1984 1986


PER

16

14

12

10

8

6

4

2

1

+ 0

1

CHART 7

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


NT PER ANNUM

FEDERAL FUNDS DASHED LINE

OVERNIGHT EURO-DOLLAR DEPOSITS

I I I I I I I I I I I I I I I I I I I I I I I

PERCENT PER ANNUM

16

14 3-MONTH EURO-DOLLAR DEPOSITS

90-DAY CD' S

I I I I I I I I I I I I I I I I I I I I I I I

12

10

DIFFERENTIAL

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

-

/ V v

DIFFERENTIAL

V ^ V / Y —

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

4

2

+ 0

1984 1986

PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

1984 1986


18

14

10

6

2

2

+ 0

2

18

14

10

6

2

2

+ 0

2

IUM

18

14

10

6

2

2

+ 0

2

18

14

10

6

2

2

+ 0

2

CHART 8

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


NT PER ANNUM

EURO-DOLLAR DEPOSITS DASHED LINE

INTERBANK STERLING COVERED LONDON

CANADIAN FINANCE CO. PAPER, COVERED

PERCENT PER Ah

U. S. COMMERCIAL PAPER

I I I I 11

DIFFERENTIAL DIFFERENTIAL

INTERBANK DM COVERED FRANKFURT


SWISS INTERBANK (SF) COVERED


DIFFERENTIAL

n i l

DIFFERENTIAL

/\a — - - II i A a k . i /i

1984 1986

PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

1984 1986


17

15

13

11

9

7

15

13

11

9

7

10

8

6

4

18

16

14

12

10

8

6

17

15

13

11

9

7

9

7

5

3

1

10

8

6

4

18

16

14

12

10

8

6

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

ENT PER ANNUM PERCENT PER Ah

UNITED STATES CANADA

UNITED KINGDOM SWITZERLAND

JAPAN

U. S. CORPORATE MONTHLY

Aaa BONDS

GERMANY

I I I

FRANCE

NETHERLANDS MONTHLY

1984 1986 1984 1986


CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

RATIO SCALE 1969=100

RATIO SCALE 1969=100

UNITED KINGDOM UNITED STATES

NETHERLANDS

GERMANY

SWITZERLAND FRANCE

3 4 0 3 4 0

3 0 0 — y — CANADA J* f — 3 0 0

2 6 0 ~~ JAPAN J V — — - — 2 6 0

2 2 0 - - -f — 220

180 - - - - 180

140 I l l l l l l l l l l I I I I l l l l l l l l l l I l l l l l l l l l l 140 140

1984 1986 1984 1986

140


SERIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 1. SPOT EXCHANGE BATES AND INDICES

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

GERMAN MARK APRIL 2 42.65 JAPANESE IEN APRIL 2 0.55891 DUTCH GUILDER APRIL 2 37.87 U.K. POUND APRIL 2 147. 33 CANADIAN DOLLAR APRIL 2 71.68 FRENCH FRANC APRIL 2 13.88 SWISS FRANC APRIL 2 51.08 BELGIAN FRANC APRIL 2 2.08487 ITALIAN LIRA APRIL 2 0.06266 SWEDISH KRONA APRIL 2 13.56

>ICES, MARCH 1973 BASE RATES = 100

GERMAN MARK APRIL 2 119.98 JAPANESE YEN APRIL 2 146.34 DUTCH GUILDER APRIL 2 108.70 U.K. POUND APRIL 2 59.59 CANADIAN DOLLAR APRIL 2 71.44 FRENCH FRANC APRIL 2 62.57 SWISS FRANC APRIL 2 164.33 BELGIAN FRANC APRIL 2 82.15 ITALIAN LIRA APRIL 2 35.60

8EIGHTED AVERAGE EXCHANGE VALUE INDICES, MAS 1973 = 100 (G-10 COUNTRIES PLUS SWITZERLAND)

U. S. DOLLAR APRIL 2 118. 14 GERMAN MARK APRIL 2 145.48 JAPANESE YEN APRIL 2 177.42 DUTCH GUILDER APRIL 2 125.81 U.K. POUND APRIL 2 65.28 CANADIAN DOLLAR APRIL 2 80. 17 FRENCH FRANC APRIL 2 68.62 SWISS FRANC APRIL 2 190. 79 BELGIAN FRANC APRIL 2 93.35 ITALIAN LIRA APRIL 2 37.88 SWEDISH KRONA APRIL 2 67.61

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

CANADIAN DOLLAR APRIL 2 -3-02 U.K. POUND APRIL 2 -3.95 GEBMAN MARK APRIL 2 2.79 FBENCH FRANC APRIL 2 -5.33 SWISS FRANC APRIL 2 3.26 DUTCH GUILDER APRIL 2 1.86 JAPANESE TEN APRIL 2 2.19 ITALIAN LIRA APRIL 2 -7.86


SEfilES HAAS LAST VALUE PLOTTED

DATE VALUE

CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING

U.S. .DOLLARS PER FINE OUNCE APRIL 2 337.53

CHART 4. CALL HONE! RATES

U. S. FEDERAL FUNDS APRIL 2 7. 39 OVERNIGHT EURO-DOLLAR DEPOSITS APRIL 2 7.23 U. K. APRIL 2 12.00 CANADA APRIL 2 12.13 GERMANY APRIL 2 4. 40 JAPAN APRIL 2 5.41 FRANCE APRIL 2 8. 63 NETHERLANDS APRIL 2 5.44 SWITZERLAND APRIL 2 0. 96

CHART 5. 3-MONTH INTEREST RATES

U.S. 90-DAY CD'S, SECONDARY MARKET APRIL 2 7. 29 GERMAN INTERBANK LOAN APRIL 2 4.55 JAPANESE GENSAKI RATE APRIL 2 5.20 CANADIAN FINANCE PAPER APRIL 2 10.45 INTERBANK STERLING APfilL 2 11.27 SWISS INTERBANK LOAN APRIL 2 3.94 FRENCH INTERBANK RATE APRIL 2 8.23 NETHERLANDS INTERBANK BATE APRIL 2 5.38 WEIGHTED AVERAGE FOREIGN INTEREST RATE APRIL 2 7. 33

(G-10 COUNTRIES PLUS SWITZERLAND)

CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT APRIL 2 7.23 7-DAY APRIL 2 7.38 1-MONTH APRIL 2 7.34 3-MONTH APRIL 2 7.23 6-MONTH APRIL 2 7. 16 1-YEAR APRIL 2 7.18

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

OVERNIGHT EURO-DOLLAR DEPOSITS APRIL 2 7.23 U.S. FEDERAL FUNDS APRIL 2 7.39 DIFFERENTIAL APRIL 2 -0.16

3-MONTH EURO-DOLLAR DEPOSIT RATE APRIL 2 7.23 U.S. 90-DAY CD'S, SECONDARY MARKET APRIL 2 7.29 DIFFERENTIAL APRIL 2 -0.06


SERIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS

EURO-DOLLAR DEPOSIT AP-RIL 2 7.23 INTERBANK STERLING (LONDON) , COVERED APRIL 2 7.31 DIFFERENTIAL APRIL 2 -0.09

U.S. COMMERCIAL PAPER APfilL 2 7.07 CANADIAN FINANCE PAPER, COVERED APRIL 2 7.35 DIFFERENTIAL APRIL 2 -0.28

EURO-DOLLAR DEPOSIT APRIL 2 7. 23 INTERBANK DM (FRANKFORT), COVERED APRIL 2 7.37 DIFFERENTIAL APfilL 2 -0. 15

EURO-DOLLAR DEPOSIT APRIL 2 7. 23 SWISS INTERBANK, COVERED APRIL 2 7.23 DIFFERENTIAL APRIL 2 -0.00

CHART 9. LONG TERM GOVEBHBNT BOND YIELDS

UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM

MARCH 28 MARCH 28 JAN.

MARCH 21 MARCH 14 MARCH 28 JAN.

MARCH 28

7.63 5.65 6.29 4.23 9.58 9.51 6.81 8.56

U.S. CORPORATE

AAA BONDS

CHART 10. STOCK INDICES

UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN

FEB. 9.67

MARCH 26 MARCH 26 MARCH 26 MARCH 26 MA8CH 26 MARCH 26 MARCH 26 MARCH 26

242.32 303.48 299.53 292.30 195.74 298.82 355.60 317.81


FEDERAL RESERVE statistical release I B B • ' - # # # - —

' • f W ? . . -

H.10 (512) APBIL 4, 1986

FOREIGN EXCHANGE RATES FOB THE MEEK ENDING APRIL 41, 1986

i — »

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:

COUNTS! MONETAE?

OBIT HAS. 31 CPBBEMCI UHITS PEE 1)01.1. AH

APE. 1 APE. APE. APE.

•AUSTRALIA ADSTBIA BELGIUM BRAZIL CANADA CHINA,P.B. DENMARK FINLAND FBANCE GBBHANI GBEECB HONG KONG INDIA

•IRELAND ITALY JAPAN MALAYSIA NETHERLANDS

•NEB ZEALAND NOBMAX PORTUGAL SIB6AP0BB

*SOUTH AFBICA SOUTH KOBBA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND

•UNITED KINGDOM

MEMO: IUNITBD STATES

DOLLAR SCHILLING FRANC CBUZADO DOLLAR YUAN KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE POUND LIRA YEN RINGGIT GUILDER DOLLAR KBONB ESCUDO DOLLAR RAND BON PESETA RUPEE KBOMA FBANC DOLLAB BAHT POUND

DOLLAB

71-16 16.460 48.070 13.84 1.3970 3.2288 8.6540 5.3430 7.2050 2.3450

144.700 7.8165

12.3100 129.20

1598.00 177.60

2.5970 2.6430

53.520 7.3000

150.750 2.1765

46.50 887.50 145.500 27.655 7.3700 1.9560 MA

26.490 147.35

118.08

72. 16. 47. 13. 1. 3. 8. 5. 7. 2.

144. 7. 12.

130. 1594. 178. 2. 2.

54. 7.

151. 2.

46. 887. 146. 27. 7.

, 1. 38. 26. 147.

20 440 900 84 3923 2288 6420 2420 1875 3430 950 8120 4300 00 00 15 6035 6397 200 2910 850 1760 75 10 350 652 3670 9520 820 460 10

117.98

71.99 16.460 48. 400 13.84 1.3925 3.2288 8.7760 5.2850 7.2860 2.3740

146.400 7.8050

12.4200 127.55

1615.00 179.50 2.6260 2.6740

55.350 7.3130

153.000 2.1820

46.60 *87.60 148.600 27.655 7.4150 1.9810

38.810 26.480 146.45

119.14

71. 16. 48. 13.

1. 3. 8. 5. 7. 2.

147. 7.

12. 126.

1647. 179. 2. 2.

55. 7.

154. 2.

46. 888. 149. 27. 7. 2.

38. 26. 145.

53 765 980 84 3930 2288 8380 3050 4200 3930 600 8100 4400 45 00 90 6700 6960 000 3720 100 1840 50 10 800 673 4575 0010 800 480 95

71. lb. 49. 13. 1. 3. 8. 5. 7. 2.

148. 7. 12. 122.

1670. 180. 2. 2.

55. 7.

168. 2.

48. 888. 154. 27. 7. 1.

38. 26. 145.

70 790 800 84 3903 2288 8490 30 30 5700 3885 100 8140 4 9 0 0 50 00 35 *775 6925 150 4550 000 J900 00 *0 000 *75 $950 9920 790 540 10

120.17 120.81

t l H D B I Of BBI6BTB& AVBBAGB BXCHAMCB VLLDE OF O.S. DOLIA& A61IMSJ CPBBBttCIBS OF OIHEB G-10 COUNTBIBS. MARCH 1973 « 100. WEIGHTS ABB 1972-76 GLOBAL TBADB OF BACH OF IHB 10 COUNTBIBS SERIES REVISED AS OF AUGUST 1978. FOB DESCRIPTION AND BACK DATA, SBB "I*0X1 OF TAB WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAB: BEVISION" 01 PAGE 700 OF THE AUGUST 1978 FEDEBA1 RESERVE BULLETIN.

•VALUE IS 0.5. CENTS


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