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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts March 20,1989 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DC. 20551 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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  • (516/517)

    Selected Interest & Exchange Rates Weekly Series of Charts

    March 20,1989

    Prepared by the FINANCIAL MARKETS SECTION

    DIVISION OF INTERNATIONAL FINANCE

    BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DC. 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 PRICELONDON 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

    SUBSCRIPTION RATES:

    Weekly $24.00 per year or $.60 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same Issue to one address, $22.50 per year or $.55 each. Elsewhere, $30.00 per year or $.70 each. Address requests to Publications Services, Division of Administrative Services, and make pay-ment 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.

    10. INDUSTRIAL STOCK INDICES

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

  • 140

    120

    100

    90

    80

    70

    280

    240

    200

    180

    160

    140

    120

    100 90

    80

    70

    60

    50

    200

    180

    160

    140

    120

    100

    120

    100 90

    80

    70

    60

    50

    1-100 140

    120

    100 90

    80

    70

    280

    240

    200

    180

    160

    140

    120 100

    90

    80

    70

    60

    50

    200

    180

    160

    140

    120

    100

    60

    50

    45

    40

    35

    30

    25

    CHART 1

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    SCALE 11973*100

    RATIOS MARCH 197!

    FOREIGN CURRENCY PRICE OF U.S. DOLLAR

    SWISS FRANC

    __ BELGIAN FRANC

    1 1 1 I I I

    - JAPANESE YEN

    I I I I I I

    -

    U.K. POUND

    I I I I I I

    CANADIAN DOLLAR

    I I I

    DUTCH GUILDER __ GERMAN MARK

    -

    I I I I I I

    : ITALIAN LIRA

    1987 1989

    FRENCH FRANC

    1987 1989

    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

    4

    CANADIAN DOLLAR

    J_L

    4 r

    GERMAN MARK

    I I I I I I i . h . h i l u

    SWISS FRANC

    V~ t V

    I I I I I I

    PERCENT PER ANNUM

    4

    U. K. POUND

    t / \ y

    I I I

    X I I I

    Av > u l u h i l i i

    JAP ANESEYEN

    I I I I I I u l i i h i l l i

    DUTCH GUILDER

    I I I I I I M l , , I , , ! , ,

    12

    FRENCH FRANC ITALIAN LIRA

    1987 1 9 8 9 1 9 8 7 1 9 8 9

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

  • U.S.

    5 2 0

    5 0 0

    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

    5 2 0

    5 0 0

    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

    CHART 3

    PRICE OF GOLD IN LONDON A V E R A G E S F O R W E E K E N D I N G W E D N E S D A Y

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

    1 2 . 5 Kg B A R S

    AFTERNOON FIXING PRICE

    I I I I I I I I I 1 9 8 6 1 9 8 7 1988 1 9 8 9

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

  • 16

    12

    8

    4

    0

    16

    12

    8

    4

    0

    16

    12

    8

    4

    0

    16

    12

    8

    4

    0 16

    12

    8

    4

    0

    20

    16

    12

    8

    4

    0

    CHART 4

    CALL MONEY RATES WEEKLY SERIES

    )ENT PER ANNUM PERCENT PER AN!

    U.S. FEDERAL FUNDS

    GERMANY

    UNITED KINGDOM

    FRANCE

    JAPAN

    I I I

    CANADA

    NETHERLANDS

    SWITZERLAND

    L 1987 1989 1987 1989

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

  • 12

    10

    8

    6

    4

    2

    16

    14

    12

    10

    8

    6

    8

    6

    4

    2

    0

    10

    8

    6

    4

    2

    12

    10

    8

    6

    4

    2

    16

    14

    12

    10

    8

    6

    8

    6

    4

    2

    0

    10

    8

    6

    4

    2

    CHART 5

    3-MONTH INTEREST RATES WEEKLY SERIES

    ENTPER ANNUM

    U.S. CD'S

    WEIGHTED AVERAGE FOREIGN RATE

    I I I

    PERCENT PER A M

    FRENCH INTERBANK RATE

    U.K. INTERBANK STERLING

    GERMAN INTERBANK RATE

    JAPANESE GENSAKI RATE

    CANADIAN FINANCE CO. -

    PAPER

    r -

    I I I I I I i i i i i i i i i n

    - SWISS INTERBANK RATE . -

    I I I I I I

    -

    1987 1989 1987 1989

    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

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    6

    4

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    10

    8

    6

    4

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    12

    10

    8

    6

    4

    CHART6

    EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

    DENT PER ANNUM PERCENT PER ANI

    OVERNIGHT 3-MONTH

    7-DAY

    1-MONTH

    : 6-MONTH

    I I I I I I

    -

    1-YEAR

    1987 1989 1987 1989

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

  • 14

    12

    10

    8

    6

    4

    2

    2

    1

    + 0

    1

    14

    12

    10

    8

    6

    4

    2

    2

    1

    + 0

    1

    CHART7

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    PERCENT PER AMI

    FEDERAL FUNDS DASHED LINE

    OVERNIGHT EURO-DOLLAR DEPOSITS

    i i i 111111111 h i 111111 i 11111

    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

    3-MONTH EURO-DOLLAR DEPOSITS

    V \ / V V - r

    A

    V ^ V

    90-DAY CD'S

    DASHED LINE

    I I I I I I 11111111111 11111111 111

    DIFFERENTIAL

    I I I I I I 11 I 11111111 11111111 11 I 1987 1989

    IENTIAL SCALE = 2 PERCENT ON RATE SCALE

    1987 1989

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

  • 16

    12

    8

    4

    0

    2

    + 0

    2 16

    12

    8

    4

    0

    2

    + 0

    2

    16

    12

    8

    4

    0

    2

    + 0

    2

    16

    12

    8

    4

    0

    2

    + 0

    2

    CHART8

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    ;ENT PER ANNUM

    INTERBANK STERLING COVERED LONDON

    EURO DOLLAR DEPOSITS DASHED LINE

    CANADIAN FINANCE CO. PAPER, COVERED

    PERCENT PER AM

    U.S. COMMERCIAL PAPER DASHED LINE

    I I l i H i l l i M i l l u l i i h i l i 1 1 I I I I I I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 h

    DIFFERENTIAL

    I I I l l l l l l I I 11 l u l l i l l

    DIFFERENTIAL

    I I I I I I i l l I I I I I I I I ! I I I I I I i l l I

    INTERBANK DM COVERED FRANKFURT

    EURO-DOLLAR DEPOSITS DASHED LINE

    I I I I I I I l i i l i i h i l i i h i l l i h i l l i I I I I I I I I 1111ii11111111111111111

    SWISS INTERBANK (SF) COVERED

    EURO-DOLLAR DEPOSITS DASHED LINE

    DIFFERENTIAL

    i l i i l i i I i i l i i l i i

    DIFFERENTIAL

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

    1 9 8 7 1 9 8 9

    I PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

    1 9 8 7 1 9 8 9

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

  • 14

    12

    10

    8

    6

    14

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    10

    8

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    2 10

    8

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    4

    2

    14

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    10

    8

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    14

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    10

    8

    6

    10

    8

    6

    4

    2

    10

    8

    6

    4

    2

    CHART9

    LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

    ?ENT PER ANNUM PERCENT PER AW

    UNITED STATES - CANADA

    , / v s W \T

    I I I I I I

    UNITED KINGDOM - FRANCE

    -V I I i I I I

    K v j i l l i i h i l l i

    __ SWITZERLAND JAPAN -

    I I I I I I

    -

    NETHERLANDS MONTHLY

    11

    - GERMANY

    I I I I I I i i I i i l i i I i i

    1987 1989 1987 1989

    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

    300

    250

    200

    150

    100

    600

    500 -

    400 UNITED STATES -

    300 A

    200 -

    150 i i i i i i n i i i i n 11111111111

    800 JAPAN

    600 - m -

    500 - / Vv

    400 - A\ / -

    300 -/ -

    200 i i i i i i i l l i i h i l l i

    SWITZERLAND

    I I I I I I

    -

    NETHERLANDS

    GERMANY

    FRANCE

    600

    500 CANADA

    -

    UNITED KINGDOM -

    400

    A "

    300 - y Z ^ v ^ x y w v J ^ 1 /

    k y v V x v V " f

    / ^ V v \ A -

    200 I I I I I I I I I I I I 200

    1987 1989 1987 1989

    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 1 . SPOT EXCHANGE BATES AND I N D I C E S

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

    GERMAN MARK MARCH 1 5 5 3 . 6 4 JAPANESE YEN MARCH 15 0 . 7 7 0 7 7 DUTCH GUILDER MARCH 1 5 4 7 . 5 4 U . K . POUND MARCH 1 5 1 7 1 . 8 1 CANADIAN DOLLAR MAECH 1 5 8 3 . 5 1 FRENCH FRANC MARCH 15 1 5 . 8 3 SWISS FRANC MARCH 15 6 2 . 6 7 BELGIAN FRANC MARCH 15 2 . 5 6 1 4 8 ITALIAN LIRA MARCH 1 5 0 . 0 7 3 0 6 SWEDISH KRONA MARCH 15 1 5 . 6 5

    I N D I C E S , MARCH 1 9 7 3 DASE RATES = 1 0 0

    GERMAN MARK MA6CH 1 5 1 5 0 . 8 8 JAPANESE YEN MARCH 15 2 0 1 . 8 1 DUTCH GUILDER MARCH 15 1 3 6 . 4 7 U . K . POUND MARCH 1 5 6 9 . 4 9 CANADIAN DOLLAR MARCH 1 5 8 3 . 2 3 FRENCH FRANC MARCH 15 7 1 . 3 2 SWISS FRANC MARCH 15 20 1 . 6 1 BELGIAN FRANC MARCH 15 1 0 0 . 9 4 ITALIAN LIRA MARCH 1 5 4 1 . 5 0

    WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1 9 7 3 = 100 { G - 1 0 COUNTRIES PLUS SWITZERLAND)

    U . S . DOLLAF; MARCH 1 5 9 6 . 74 GERMAN MA nK MARCH 1 5 1 5 8 . 5 3 JAPANESE YEN MARCH l b 2 1 3 . 20 DUTCH GUILDER MARCH 15 1 3 5 . 6 1 U . K . POUND MA-EC H 1 5 6 5 . 02 CANADIAN DOLLAR MARCH 15 7 9 . 7 8 FRENCH FRANC MARCH 1 5 6 6 . 6 3 SWISS FRANC MARCH 1 5 2 0 0 . 27 BELGIAN FRANC MARCH 1 5 9 8 . 2 4 ITALIAN LIRA MARCH 1 5 3 7 . 7 3 SWEDISH KRONA MARCH 1 5 6 6 . 6 3

    CHART 2 . 3-MONTH FORWARD EXCHANGE R A T E S , PREMIUM OR DISCOUNT

    CANADIAN DOLLAR MARCH 15 - 1 . 8 7 U . K . POUND MARCH 16 - 2 . 6 7 GERMAN MARK MARCH 1 5 3 . 6 J FRENCH FRANC MARCH 1 5 1 . 1 1 SWISS FRANC MARCH 1 5 - 4 . 3 3 DUTCH GUILDER MARCH 15 3 . 2 3 JAPANESE YEN MARCH 1 5 5 . 5 4 ITALIAN M S A MARCH 1 5 - 2 . 2 3

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

  • S E R I E S SAME LAST VALUE PLOTTED

    DATE VALUE

    CHART 3 . GOLD PRICE I S LONDON, AFTERNOON J f lXING

    U . S . DOLLARS PER F I N E OUSCE MARCH 1 5 3 9 3 . 0 b

    CHART 4 . CALL MONEY RATES

    U . S . FEDERAL FUNDS " MARCH 15 9 . 8 3 OVERNIGHT EURO-DOLLAR DEPOSITS MARCH 15 9 . 7 3 0 . k . MARCH 15 1 2 . 55 CANADA MARCH 1 5 1 1 . 0 5 GERMANY MARCH 1 5 5 . 86 JAPAN MARCH 15 3 . 9 0 FRANCE MARCH 1 5 8 . 11 NETHERLANDS MARCH 1 5 6 . 2 8 SMITZERLAND MARCH 15 4 . 8 8

    CHART 5 . 3-MONTH INTEREST RATES

    U . S . 90 -DAY C D ' S , SECONDARY MARKET MARCH 1 5 1 4 . 0 3 GERMAN INTERBANK LOAN MARCH 15 6 . 5b JAPANESE GENSAKI RATE MARCH 15 4 . 20 CANADIAN FINANCE PAPER MARCH 1 5 1 2 . 14 INTERBANK STERLING MA3CH 15 1 2 . 9 4 SWISS INTERBANK LOAN MARCH 1 5 a . 7 5 FRENCH INTERBANK RATE MARCH 15 9 . 0 9 NETHERLANDS INTERBANK RATE MARCH 1 5 6 . 9 4 WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE MARCH 1 5 8 . 18

    ( G - 1 0 COUNTRIES PLUS S H I M E ALAND)

    CHART 6 . EURO-DOLLAR D E P O S I T RATES: LONDON

    OVERNIGHT MARCH 15 9 . 7 3 7-DAY MARCH 15 9 . 7 4 1-MONTH MARCH 1 5 9 . 9 6 3-MONTH MARCH 15 1 0 . 10 6-MONTH MARCH 1 5 1 0 . 3 6 1-YEAR MARCH 1 5 1 0 . 6 3

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

    OVERNIGHT EURO-DOLLAR D E P O S I T S MARCH 15 9 . 7 3 U . S . FEDERAL FUNDS MARCH 15 9 . 8 3 DIFFERENTIAL MARCH 15 - 0 . 10

    3-MONTH EURO-DOLLAR DEPOSIT BATE MARCH 15 1 0 . 10 U . S . 90 -DAY C D ' S , SECONDARY MARKET MARCH 15 1 0 . 0 3 DIFFERENTIAL MARCH 15 0 . 0 7

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

  • S E R I E S SAME LAST VALUE PLOWED

    DATE VAi.DE

    CHART 8 . INTEREST ARBITRAGE, J-(10NTH FUNDS

    EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL

    MABCH 1 5 MARCH 15 MARCH . 1 5

    10. 10 10. 18 - 0 . 0 8

    U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL

    MARCH 1 5 MARCH 1 5 MAHCH 15

    9 . 8 7 10.21 - 0 . 3 4

    EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), DIFFERENTIAL

    COVERED MARCH 15 MARCH 15 MARCH 1 5

    10. 10 1 0 . 2 5 - 0 . 15

    EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL

    MARCH 15 MASCH 1 5 MARCH 15

    10. 10 1 0 . 1 4 - 0 . 0 4

    CHART 9 . LONG TERM GOVERMENT BOND YIELDS

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

    MARCH 1 0 MARCH 10 MARCH 10 MARCH 10 MARCH 10 MARCH 3

    DEC. MARCH 10

    9 . 2 7 6 . 9 3 i t . 77 4 . 8 3

    1 0 . 5 b 9 . 5 3 6 . 42 8 . 78

    U . S . CORPORATE

    AAA BONDS MAY 9 . 3 3

    CHART 1 0 . STOCK I N D I C E S

    UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN

    MASCH 15 3 1 6 . 8 9 MARCH 1 5 3 8 5 . 6 9 MARCH 15 3 5 8 . 7 5 MARCH 15 2 4 0 . 9 3 MARCH 15 2 1 7 . 8 2 MARCH 15 3 2 1 . 7 5 MARCH 1 5 4 4 3 . 7 5 MARCH 1 5 6 4 5 . 0 7

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

  • FEDERAL RESERVE statistical release

    H . 1 0 ( 5 1 2 )

    FOREIGN EXCHANGE RATES MARCH 1 7 , 1 9 8 9

    FOR THE WEEK ENDING MARCH 1 7 , 1 9 8 9

    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 I CURRENCY UNITS PER DOLLAR)

    COUNTRY MONETARY

    UNIT MAR. 1 3 MAR. 1 4 MAR. 1 5 MAR. 1 6 MAR. 1 7

    AUSTRALIA DOLLAR 8 2 . 1 9 8 1 . 1 3 8 0 . 5 3 8 1 . 8 5 8 2 . 1 3 AUSTRIA SCHILLING 1 3 . 1 3 5 1 3 . 0 7 3 1 3 . 1 6 7 1 3 . 1 7 5 1 3 . 2 0 0 BELGIUM FRANC 3 9 . 1 0 0 3 8 . 9 1 0 3 9 . 1 3 0 3 9 . 2 0 0 3 9 . 2 9 0 CANADA DOLLAR 1 . 1 9 8 2 1 . 1 9 4 5 1 . 1 9 4 9 1 . 1 9 6 5 1 . 1 9 7 0 C H I N A , P . R . YUAN 3 . 7 3 1 4 3 . 7 3 1 4 3 . 7 3 1 4 3 . 7 3 1 4 3 . 7 3 1 4 DENMARK KRONE 7 . 2 8 8 0 7 . 2 5 5 0 7 . 3 0 5 0 7 . 3 0 7 5 7 . 3 2 1 0 FINLAND MARKKA 4 . 3 6 1 0 4 . 3 5 0 0 4 . 3 6 8 5 4 . 3 7 0 0 4 . 3 1 0 0 FRANCE FRANC 6 . 3 2 4 5 6 . 2 9 8 0 6 . 3 3 5 0 6 . 3 3 9 5 6 . 3 5 4 0 GERMANY D . MARK 1 . 8 6 7 5 1 . 8 5 8 2 1 . 8 7 1 5 1 . 8 7 2 0 1 . 8 7 6 0 GREECE DRACHMA 1 5 6 . 9 0 0 1 5 7 . 0 8 0 1 5 6 . 9 0 0 1 5 7 . 2 8 0 1 5 7 . 2 2 0 HONS KONG DOLLAR 7 . 8 0 2 0 7 . 8 0 1 0 7 . 8 0 1 0 7 . 7 9 9 5 7 . 7 9 8 5 INDIA RUPEE 1 5 . 3 8 0 0 1 5 . 4 7 0 0 1 5 . 4 3 0 0 1 5 . 4 9 0 0 1 5 . 5 2 0 0

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

    *NEW ZEALAND DOLLAR 6 1 . 5 0 0 6 1 . 3 2 0 6 1 . 1 7 0 6 1 . 4 4 0 6 1 . 4 7 0 NORWAY KRONE 6 . 8 0 3 0 6 . 7 8 5 0 6 . 8 1 5 0 6 . 8 2 0 0 6 . 8 1 5 0 PORTUGAL ESCUDO 1 5 3 . 7 8 0 1 5 3 . 2 0 0 1 5 4 . 0 5 0 1 5 4 . 1 5 0 1 5 4 . 4 5 0 SINGAPORE DOLLAR 1 . 9 3 9 0 1 . 9 3 8 0 1 . 9 3 7 0 1 . 9 3 8 0 1 . 9 4 1 0 SOUTH AFRICA RAND 2 . 5 4 3 0 2 . 5 3 8 0 2 . 5 5 2 5 2 . 5 4 7 5 2 . 5 5 1 0 SOUTH KOREA WON 6 7 5 . 7 0 6 7 5 . 8 0 6 7 5 . 7 0 6 7 5 . 8 0 6 7 5 . 9 0 SPAIN PESETA 1 1 6 . 1 5 0 1 1 5 . 7 3 0 1 1 6 . 2 0 0 1 1 6 . 4 5 0 1 1 6 . 7 3 0 S R I LANKA RUPEE 3 3 . 2 8 8 3 3 . 3 3 7 3 3 . 3 6 7 3 3 . 3 8 7 3 3 . 4 3 8 SWEDEN KRONA 6 . 3 9 8 0 6 . 3 8 2 0 6 . 4 0 6 0 6 . 4 1 4 0 6 . 4 0 3 5 SWITZERLAND FRANC 1 . 5 9 7 5 1 . 5 9 0 2 1 . 6 0 9 0 1 . 6 1 1 5 1 . 6 1 8 0 TAIWAN DOLLAR NA 2 7 . 6 7 0 2 7 . 4 9 0 2 7 . 3 4 0 2 7 . 3 8 0 THAILAND BAHT 2 5 . 4 8 0 2 5 . 5 0 0 2 5 . 4 8 0 2 5 . 5 1 0 2 5 . 5 2 0

    UNITED KINGDOM POUND 1 7 1 . 1 5 1 7 2 . 7 2 1 7 1 . 9 0 1 7 1 . 7 9 1 7 1 . 3 0

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

    TINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S . DOLLAR AGAINST CURRENCIES OF OTHER G - 1 0 COUNTRIES. MARCH 1 9 7 3 = 1 0 0 . WEIGHTS ARE 1 9 7 2 - 7 6 GLOBAL TRADE OF EACH OF THE 1 0 COUNTRIES. S E R I E S REVISED AS OF AUGUST 1 9 7 8 . FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: REVISION" ON PAGE 7 0 0 OF THE AUGUST 1 9 7 8 FEDERAL RESERVE BULLETIN.

    LVALUE I S U . S . CENTS

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