h13_19860922.pdf

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Selected Interest & Exchange Rates Weekly Series of Charts

t

September 22,1986

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 F IGURES PLOTTED

2. DAILY CERTIFIED SPOT EXCHANGE R A T E S -H.10 RELEASE

CHARTS

1. SPOT EXCHANGE RATE INDICES

2. 3-MONTH FORWARD EXCHANGE RATES

3. GOLD P R I C E - L O N D O N

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 G O V E R N M E N T BOND YIELDS

10. INDUSTRIAL STOCK INDICES

SUBSCRIPTION RATES:

Weekly $ 1 5 . 0 0 per year or $ .40 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same issue t o one address, $13 .50 per year or $ .35 each. Elsewhere, $ 2 0 . 0 0 per year or $ .50 each. Address requests to Publications Services, Divi-sion of Administrat ive Services, and make paymen t remit tance payable to the order of the Board of Governors of the Federal Reserve System in a form collectible a t par in U.S. Currency.

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

RATIO J 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

ICALE 5=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

:ALE 1973=100

RATIO : MARCH 197

FOREIGN CURRENCY PRICE OF U.S. DOLLAR

ITALIAN LIRA

JAPANESE YEN

DUTCH GUILDER CANADIAN DOLLAR

U.K. POUND

BELGIAN FRANC

FRENCH FRANC

-

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

SWISS FRANC

A / ~

I I I

1984 1986 1984 1986 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHART 2

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

AVERAGES FOR WEEK ENDING WEDNESDAY

PERCENT PER ANNUM PERCENT PER ANNUM

JAPANESE YEN CANADIAN DOLLAR

I I I II

4 12 U. K. POUND

SWISS FRANC

+ 0

4

8

8 GERMAN MARK DUTCH GUILDER

4

0

8

FRENCH FRANC ITALIAN LIRA

0

8

16

24 24

32

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

3 8 0

360

340

320

300

280

260

UNCE

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

.ARS PER FINE OUNCE U.S. DOLLARS PER FINE <

12.5 Kg BARS AFTERNOON FIXING PRICE

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

NUM

2 0

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 AF

U.S. FEDERAL FUNDS

SWITZERLAND

UNITED KINGDOM

NETHERLANDS

I I I I I

I FRANCE

-

-

JAPAN

__

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 I I I I I

CANADA

GERMANY

v \ r

I I I

1984 1986 1984 1986

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

14

12

10

8

6

4

16

14

12

10

8

10

8

6

4

2

8

7

6

5

4

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. CD'S

WEIGHTED AVERAGE FOREIGN RATE

M i l l

CANADIAN FINANCE CO. PAPER

Ik

I I I

-

U.K. INTERBANK STERLING

K '

I I I I I I

V: FRENCH INTERBANK RATE

GERMAN INTERBANK RATE

I I I

NETHERLANDS INTERBANK RATE

I I I I I I

SWISS INTERBANK RATE JAPANESE GENSAKI RATE

1984 1986 1984 1986

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

14

12

10

8

6

4

14

12

10

8

6

4

14

12

10

8

6

4

14

12

10

8

6

4

14

12

10

8

6

4

14

12

10

8

6

4

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

:NT PER ANNUM PERCENT PER At

3-MONTH OVERNIGHT

6-MONTH 7-DAY

1-YEAR 1-MONTH

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 DIFFERENTIAL: 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

I I I I I _LL I I I I I

DIFFERENTIAL

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 I I I I I 1984 1986

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

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

/ V Y V >

DIFFERENTIAL

l l l I I I 1 1 1 1 1 1 1 1 1 1 1 I I I I I I I I I I I

- 12

- 10

- 8

6

4

2

0

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 -

6 -

EURO-DOLLAR DEPOSITS DASHED LINE

INTERBANK STERLING COVERED LONDON

2 18

14

10

DIFFERENTIAL

M i I I M

INTERBANK DM COVERED FRANKFURT

EURO-DOLLAR DEPOSITS DASHED LINE

I I I

DIFFERENTIAL

I I I

PERCENT PER ANNUM

18

CANADIAN FINANCE CO. PAPER, COVERED

U. S. COMMERCIAL PAPER

DIFFERENTIAL

SWISS INTERBANK (SF) COVERED

EURO-DOLLAR DEPOSITS DASHED LINE

DIFFERENTIAL

l l l

14

10

1984 1986 1984 1986

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

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

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 AL

UNITED STATES CANADA

I I I I I I

__

UNITED KINGDOM SWITZERLAND

JAPAN

U. S. CORPORATE MONTHLY

Aaa BONDS

1984 1986

i

I I -I

GERMANY

I I I

-

, I FRANCE -

- I NETHERLANDS

MONTHLY

I I I I I I I 111 l u l u 11 I I

1984 1986

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

CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

RATIO SCALE 1969=100

RATIO SCALE 1969=100

4 5 0 4 5 0 4 0 0 4 0 0 3 5 0 - - 350 3 0 0 - - / X A - 300

2 5 0 _ 2 5 0 UNITED KINGDOM f

2 5 0 UNITED STATES y

2 0 0 2 0 0

150 - - 150

100 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 I I I I I | i i i n i i i i n i i i 100

4 5 0 315 4 0 0 280 3 5 0 - - - 2 4 5

300 y - - K - 210

2 5 0 - r / w 175 NETHERLANDS SWITZERLAND y J

2 0 0 140

150 - J - - 105

100 i i i I I | I I | I I | I I 11111111111 I I I i i i M i l l ! , i l l ! I l l l l l l l l l l 70

4 5 0 4 5 0 4 0 0 y i A 4 0 0

3 5 0 - / ~ - - 350 3 0 0 - f - - K/\k r ~~ 300

2 5 0 - J - - - 2 5 0

2 0 0 FRANCE S ^ 2 0 0 GERMANY - y Z

150 - / - - ^ - 150

100 A I I I I I l l l l l l l l l ! I I I I i I I I I i A i i i i i I l l l l l l l l l l m I M I M I M 100 4 5 0 4 0 0 b*

3 5 0 - /T -

300 - J -250 __ JAPAN -

200 - W -

150 - -

100 I I I I I I n i i i i n i i i

- -

CANADA y v -

I I I I I I

-

4 5 0 4 0 0

350

300

250

200

150

100

1984 1986 1984 1986

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

SERIES MAME LAST VALUE PLOTTED

DATS VALUE

CHART 1 . SPOT EXCHANGE RATES AND INDICES

WEEKLY AVERAGES, NOON BUYING RATES ( 0 . 5 . CENTS)

GERMAN MARK SEPT. 17 4 8 . 6 3 JAPANESE YEN SEPT. 17 0 . 6 4 2 6 2 DUTCH GUILDER SEPT. 17 4 3 . 0 9 U.K. POUND SEPT. 17 1 4 7 . 5 4 CANADIAN DOLLAR SEPT. 17 7 2 . 0 6 FRENCH FRANC S E P T . 17 1 4 . 86 SWISS FRANC SEPT- 17 6 0 . 0 6 BELGIAN FRANC SEPT. 17 2 . 3 4 8 7 6 ITALIAN LIRA SEPT. 17 0 . 0 7 0 4 8 SWEDISH KRONA SEPT. 17 1 4 . 4 1

INDICES, 11 ARCH 1 9 7 3 BASE RATES = 100

GERMAN MASK SEPT. 17 1 3 6 . 8 1 JAPANESE IBM SEPT. 17 1 6 8 . 26 DUTCH GUILDER SEPT. 17 123 . 70 U.K. POUND SEPT. 17 5 9 . 6 7 CANADIAN DOLLAR SEPT. 17 7 1 . 82 FRENCH FRANC SEPT. 17 6 6 . 9 7 SWISS FRANC SEPT. 17 1 9 3 . 2 2 BELGIAN FRA1C SEPT. 17 9 2 . 5 5 ITALIAN LIRA SEPT. 17 4 0 . 0 4

WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)

U . S . DOLLAR SEPT. 17 1 0 7 . 64 GERMAN MARK SEPT. 17 155 . 94 JAPANESE IEN SEPT. 17 191 . 10 DUTCH GUILDER SEPT. 17 133 . 58 U. K. POUND SEPT. 17 6 0 . 30 CANADIAN DOLLAR S E P T . 17 7 4 . 51 FRENCH FRANC SEPT. 17 6 8 . 23 SWISS FRANC SEPT. 17 2 0 9 . 04 BELGIAN FRANC SEPT. 17 9 7 . 98 ITALIAN LIRA SEPT. 17 3 9 . 74 SWEDISH KRONA SEPT. 17 6 6 . 72

CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM 0 8 DISCOUNT

CANADIAN DOLLAR SEPT. 17 - 2 . 4 9 U.K. POUND SEPT. 17 - 3 . 8 2 GERMAN MARK SEPT. 17 1 . 4 4 FRENCH FRANC SEPT. 17 - 1 . 4 0 SWISS FRANC SEPT. 17 1 . 6 7 DUTCH GUILDER SEPT. 17 0 . 7 2 JAPANESE IEN SEPT. 17 1. 12 ITALIAN LIRA SEPT. 17 - 5 . 0 3

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

SERIES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 3 . GOLD PRICE IN LONDON, AFTERNOON FIXING

U . S . DOLLARS PER FINE OUNCE SEPT. 17 4 1 2 - 9 9

CHART 4 , CALL MONEY BATES

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

SEPT. 1 SEPT. 1 SEPT. 1 SEPT. 1 SEPT. I SEPT. 1 SEPT. 1 SEPT. 1 SEPT. 1

5 . 8 8 5 . 88 9 . 0 0 7 . 88 4 . 3 7 4 . 5 1 7 . 0 5 5 . 15 1.00

CHART 5 . 3-MONTH INTEREST RATES

U . S . 90-DAY C D ' S , SECONDARY MARKET SEPT. 17 5 . 7 3 GERMAN INTERBANK LOAN SEPT. 17 4 . 48 JAPANESE GENSAKI RATE SEPT. 17 4 . 6 9 CANADIAN FINANCE PAPER SEPT. 17 8 . 3 9 INTERBANK STERLING SEPT. 17 9 . 89 SWISS INTERBANK LOAN SEPT. 17 4 . 22 FRENCH INTERBANK RATE SEPT. 17 7 . 0 5 NETHERLANDS INTERBANK RATE SEPT- 17 5 . 19 WEIGHTED AVERAGE FOREIGN INTEREST RATE SEPT. 17 6 . 45

(G-10 COUNTRIES PLUS SWITZERLAND)

CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT 7-DA If 1-MONTH 3-MONTH 6-MONTH 1-YEAR

SEPT. 1 SEPT. 1 SEPT. 1 SEPT. 1 SEPT. 1 SEPT. 1

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

OVERNIGHT EURO-DOLLAR DEPOSITS SEPT. 17 5 . 8 8 U.S . FEDERAL FUNDS SEPT. 17 5 . 8 8 DIFFERENTIAL SEPT. 17 0 . 0

3-HONTH EURO-DOLLAR DEPOSIT RATE SEPT. 17 5 . 96 U .S . 90-DAY C D ' S , SECONDARY MARKET SEPT. 17 5 . 7 3 DIFFERENTIAL SEPT. 17 0 . 2 3

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

SERIES NAME LAST VALUE PLOTTED

DAZE VALUE

CHART 8 . INTEREST ARBITRAGE, J-MONTH PONDS

EURO-DOLLAR DEPOSIT SEPT. 17 5 . 96 INTERBANK STERLING (LONDON), COVERED SEPT. 17 5 . 97 DIFFERENTIAL SEPT. 17 - 0 . 01

U . S . COMMERCIAL PAPER SEPT. 17 5 . 71 CANADIAN FINANCE PAPER, COVERED SEPT. 17 5 . 85 DIFFERENTIAL SEPT. 17 - 0 . 14

EURO-DOLLAR DEPOSIT SEPT. 17 5 . 96 INTERBANK DM (FRANKFURT), COVERED SEPT. 17 5 . 93 DIFFERENTIAL SEPT. 17 0 . 03

EURO-DOLLAR DEPOSIT SEPT. 17 5 . 96 SWISS INTERBANK, COVERED SEPT. 17 5 . 91 DIFFERENTIAL SEPT. 17 0 . 0 5

CHART 9 . LONG TERM GOVERMENT BOND YIELDS

UNITED STATES SEPT. 12 7 . 4 6 GERMAN! SEPT. 12 5 . 7 9 JAPAN (MONTHLY) SEPT. 5 4 . 75 SWITZERLAND AUG. 2 9 4 . 26 CANADA SEPT. 5 9 . 18 FRANCE SEPT. 12 8 . 0 7 NETHERLANDS (MONTHLY) JULY 6 . 2 2 UNITED KINGDOM SEPT. 12 9 . 3 7

U . S . CORPORATE

AAA BONDS J DUE 9 . 13

CHART 10 . STOCK INDICES

ONITED STATES UNITED KINGDOM CANADA GERMAN! SWITZERLAND NETHERLANDS FRANCE JAPAN

SEPT. 10 2 5 3 . 0 0 SEPT. 10 2 8 9 . 7 4 SEPT. 10 3 0 6 . 6 4 SEPT. 10 2 9 4 . 9 2 SEPT. 10 1 9 1 . 6 8 SEPT. 10 3 5 9 . 6 0 SEPT. 10 4 0 4 . 8 1 SEPT. 10 4 0 7 . 12

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

FEDERAL RESERVE statistical release

H.10 (512) SaPTEMBEd 1 9 , 1 9 8 6

, FOREIGN EXCHANGE RATES

\ FOR THE WEEK ENDING SEPTEMBER 1 9 , 1 9 8 6

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

UNIT [CURRENCY UN T1 r s PER DOLLAR!

COUNTRY MONETARY

UNIT S E P . 1 5 S E P . 16 S E P . 17 S E P . 18 S E P . 19

AUSTRALIA DOLLAR 6 2 . 6 0 6 2 . 4 7 6 2 . 3 3 6 2 . 5 3 6 2 . 8 3 AUSTRIA SCHILLING 1 4 . 4 1 0 1 4 . 4 1 3 1 4 . 2 6 0 1 3 . 9 9 7 1 4 . 0 0 4 BELGIUM FRANC 4 2 . 4 6 0 4 2 . 4 3 0 4 2 . 0 0 0 4 1 . 4 0 0 4 1 . 6 1 0 BRAZIL CRU2.ADO 1 3 . 8 4 1 3 . 8 4 1 3 . 8 4 1 3 . 8 4 1 3 . 8 4 CANADA DOLLAR 1 . 3 8 6 0 1 . 3 8 7 4 1 . 3 9 0 7 1 . 3 8 6 5 1 . 3 8 8 0 C H I N A , 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 DEHRARK KRONE 7 . 7 7 3 0 7 . 7 6 9 5 7 . 6 8 6 0 7 . 5 4 9 0 7 . 5 5 6 0 FINLAND MARKKA 4 . 9 2 1 0 4 . 9 3 0 0 4 . 8 9 7 0 4 . 8 4 8 0 4 . 8 4 3 0 FRANCS FRANC 6 . 7 1 0 0 6 . 7 1 1 0 6 . 6 4 50 6 . 5 2 2 5 6 . 5 2 6 5 GERMANY D . MARK 2 . 0 5 1 5 2 . 0 4 9 0 2 . 0 2 8 5 1 . 9 6 9 8 1 . 9 9 2 0 GREECE DRACHMA 1 3 5 . 4 0 0 1 3 5 . 4 5 0 1 3 4 . 6 0 0 1 3 2 . 5 0 0 1 3 2 . 8 0 0 SONG KONG DOLLAR 7 . 8 0 0 0 7 . 8 0 2 5 7 . 8 0 3 5 7 . 8 0 1 0 7 . 8 0 2 0 INDIA RUPEE 1 2 . 7 0 0 0 1 2 . 7 0 0 0 1 2 . 7 2 0 0 1 2 . 6 7 0 0 1 2 . 6 8 0 0

UlELAND POUND 1 3 4 . 3 5 1 3 4 . 1 3 1 3 5 . 3 7 1 3 7 . 4 0 1 3 7 . 40 ITALIC L I R A 1 4 1 4 . 5 0 1 4 1 4 . 0 0 1 4 0 0 . 5 0 1 3 7 8 . 0 0 1 3 7 8 . 5 0 JAPAN YEN 1 5 5 . 1 8 1 5 6 . 3 5 1 5 4 . 8 0 1 5 3 . 6 5 1 5 2 . 0 0 MALAYSIA R I N G G I T 2 . 6 2 7 0 2 . 6 3 0 0 2 . 6 2 2 0 2 . 6 2 7 5 2 . 6 3 3 0 NETHERLANDS GUILDER 2 . 3 1 5 5 2 . 3 1 3 0 2 . 2 9 0 0 2 . 2 5 2 0 2 . 2 5 1 5

NEB ZEALAND DOLLAR 4 7 . 7 5 0 4 7 . 6 8 0 4 7 . 5 5 0 4 7 . 4 0 0 4 7 . 3 5 0 NOR MAI KRONE 7 . 3 2 9 0 7 . 3 3 5 0 7 , 2 9 1 0 7 . 2 3 7 0 7 - 2 3 5 0 PORTUGAL ESCUDO 1 4 7 . 3 0 0 1 4 7 . 2 5 0 1 4 6 . 3 5 0 1 4 4 . 7 0 0 1 4 4 . 8 5 0 SINGAPORE DOLLAR 2 . 1 6 4 0 2 . 1 6 8 0 2 . 1 6 7 5 j . 1 5 6 5 2 . 1 6 3 0

*SOUTH AFRICA RAND 4 3 . 0 0 4 3 . 5 5 4 3 . 6 0 4 5 . 3 5 4 5 . 2 5 SOUTH KOfiEA HON 8 8 3 . 5 0 8 8 2 . 6 0 8 8 2 . 6 0 8 8 3 . 1 0 8 8 3 . 1 0 SPAIN PESETA 1 3 4 . 4 0 0 1 3 4 . 6 0 0 1 3 3 . 5 5 0 1 3 0 . 9 5 0 1 3 1 . 5 0 0 S R I LANKA RUPEE 2 8 . 2 7 7 2 8 . 3 0 7 2 8 . 3 0 7 2 8 . 3 1 8 2 8 . 3 1 3 SHJSDEN KfiONA 6 . 9 3 0 0 6 . 9 3 1 0 6 . 8 8 1 0 b . 8 2 5 0 6 . 8 2 9 0 SWITZERLAND FRANC 1 . 6 5 8 0 1 . 6 5 7 5 1 . 6 4 0 0 1 . o 1 0 5 1 . 6 0 4 0 TAIWAN DOLLAR 3 6 . 8 8 0 3 6 . 8 7 0 3 6 . 8 6 0 NA 3 6 . 8 5 0 THAILAND BAHT 2 6 . 1 5 0 2 6 . 1 1 0 2 b . 1 4 0 2 6 . 0 8 0 2 6 . 0 8 0

UNITED KINGDOH POUND 1 4 8 . 0 8 1 4 7 . 5 5 1 4 7 . 5 0 1 4 7 . 2 0 1 4 7 . 5 5

MEMO: UNITED STATES DOLLAR 1 0 7 . 3 7 1 0 7 . 4 9 1 0 6 . 6 8 1 0 5 . 3 9 1 0 5 . 2 7

IINDEX OF WEIGH' rED AVEKA6E EXCHANGE VALOE OF U . S . DO] LLAH AGAINST CURRENCIES OF OTHJSJ* t V COUNTRIES. MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE Of EACH OF I H E 10 COUNTRIES. S E B I E S REVISED AS OF AUGUST 1 9 7 * . FOR DESCRIPTION AID BACK DATA, SEE " I f tDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALOE Of THE U . S . DOLLAR: R E V I S I O N " ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE BULLETIN.

VALUE I S U . S . CENTS

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