( 5 1 6 / 5 1 7 )
f
Selected Interest & Exchange Rates Weekly Series of Charts
% (
. *
i May 5, 1986 DIVISION OF r INTERNATIONAL FINANCE
Prepared by the BOARD OF GOVERNORS FINANCIAL MARKETS FEDERAL RESERVE SYSTEM SECTION 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.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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 45 ITALIAN LIRA
40
30
25
200 180
GERMAN MARK 160
140
120
100
140
CANADIAN DOLLAR 120
100
90
80
70
60
200 180
JAPANESE YEN 160
140
120
100
80
140 DUTCH GUILDER
120
100
90
80
60
90
80 U.K. POUND
70
60
50
40
90
80 FRENCH FRANC
70
60
50
40
120 BELGIAN FRANC
100
90
80
70
60
50
1984 1986
240
SWISS FRANC 200 180
160
140
120
100
1984 1986
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
4
+ 0
4
8
4
+ 0
4
8
8
4
0
8
+ 0
8
16
24
32
8
4
0
4
12
8
4
0
8
4
0
8
0
8
16
24
32
CHART 2
3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
:ENT PER ANNUM PERCENT PER At
CANADIAN DOLLAR
U. K. POUND
I I I I I I I I I I I I I
GERMAN MARK
FRENCH FRANC
JAPANESE YEN
A
I I I I I I I l l l l l l l l l l
ITALIAN LIRA
SWISS FRANC
I l l l l l l l l l l
DUTCH GUILDER
I I I I I I I I I I I I I I I l l l l l l I
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
380
360
340
320
300
280
260
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 I I I I I I I I I I I I I I I I I I 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
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
NT PER ANNUM PERCENT PER A!
U. S. FEDERAL FUNDS FRANCE
JAPAN
SWITZERLAND CANADA
UNITED KINGDOM
NETHERLANDS
n i l
GERMANY
.yWvs/v V W v 1
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
U.S. CD'S
WEIGHTED AVERAGE FOREIGN RATE
PERCENT PER Ah
CANADIAN FINANCE CO. PAPER
U.K. INTERBANK STERLING I FRENCH INTERBANK RATE
-
-
I I I
h -
NETHERLANDS INTERBANK RATE GERMAN INTERBANK RATE
SWISS INTERBANK RATE JAPANESE GENSAKIRATE
1984 1986 1984 1986
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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
I I I I I I I I I I I
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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
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 I I
PERCENT PER ANTFUM
16
14 3-MONTH EURO-DOLLAR DEPOSITS
90-DAY CD' S
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
12
10
DIFFERENTIAL
I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ' 1 1 1 1 1
4
2
1984 1986
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
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 -
2
18
EURO-DOLLAR DEPOSITS DASHED LINE
INTERBANK STERLING COVERED LONDON
M i l I I
DIFFERENTIAL
l l l J_L
14 -
10 -
6 -
INTERBANK DM COVERED FRANKFURT
EURO-DOLLAR DEPOSITS DASHED LINE
I I I I I
DIFFERENTIAL
CANADIAN FINANCE CO. PAPER, COVERED
PERCENT PER ANNUM
18
14
U. S. COMMERCIAL PAPER
DIFFERENTIAL
10
SWISS INTERBANK (SF) COVERED
EURO-DOLLAR DEPOSITS DASHED LINE
I I I I, I
DIFFERENTIAL
1984 1986
1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE
1984
2
2
2
18
14
10
1986
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
INT PER ANNUM PERCENT PER AL
UNITED STATES CANADA
UNITED KINGDOM SWITZERLAND
-JAPAN -
I I I I I I I I I I I I I I I
GERMANY
U. S. CORPORATE MONTHLY
Aaa BONDS
, FRANCE
-
- I NETHERLANDS
i MONTHLY
I I I 1111111111111
-
1984 1986 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
UNITED KINGDOM UNITED STATES
NETHERLANDS
GERMANY
380 340 f - 300 - J - - -260 - J
-
- j -
220 A/ vv/\ / FRANCE SWITZERLAND / /
180 A -
140 - - -
100 A I I I I I i l l I I I u l i i h i l l i
340
300 / CANADA
260 JAPAN / v - yo/U^V W
220 - - i
180 - - - -
140 H | | | h i l l I 1 1 1 I I I | | | | | | | | | | I i i h i h i l l i
285 255
225
195
165
135
105
75
340
300
260
220
180
140
1984 1986 1984 1986
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 - S P O T EXCHANGE RATES AND I N D I C E S
MEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS)
GERMAN MARK A P R I L 3 0 4 5 . 9 5 JAPANESE YEN A P R I L 3 0 0 . 5 9 5 4 6 DUTCH GUILDER A P R I L 3 0 40. , 7 2 U. K . POUND A P R I L 3 0 1 5 4 . 7 2 CANADIAN DOLLAR A P R I L 3 0 7 2 , 4 3 FRENCH FRANC A P R I L 3 0 1 4 . 4 1 S W I S S FRANC A P R I L 3 0 5 4 . 9 4 BELGIAN i R A N C A P R I L 3 0 2 . 2 5 1 2 1 I T A L I A N L I R A A P R I L 3 0 0 . 0 6 6 8 6 SWEDISH KRONA A P R I L 3 0 1 4 . 2 2
I N D I C E S , MARCH 1 9 7 3 BASE RATES = 1 0 0
GERMAN MARK A P R I L 3 0 1 2 9 . 2 5 JAPANESE YEN A P R I L 3 0 1 5 5 . 9 1 DUTCH GUILDER A P R I L 3 0 1 1 6 . 9 0 U . K . POUND A P R I L 3 0 6 2 . 5 8 CANADIAN DOLLAR A P R I L 3 0 7 2 . 19 FRENCH FRANC A P R I L 3 0 6 4 . 9 5 S W I S S FRANC A P R I L 3 0 1 7 6 . 7 5 BELGIAN FRANC A P R I L 3 0 8 8 . 7 1 I T A L I A N L I R A A P R I L 3 0 3 7 . 96
WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAS 1 9 7 3 = 1 0 0 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)
U . S . DOLLAR A P R I L 3 0 1 1 1 . 5 8 GERMAN MARK A P R I L 3 0 1 5 0 . 7 0 JAPANESE YEN A P R I L 3 0 1 8 1 . 11 DUTCH GUILDER A P R I L 3 0 1 2 9 - 60 U . K . POUND A P R I L 3 0 6 5 . 5 6 CANADIAN DOLLAR A P R I L 3 0 7 7 . 2 4 FRENCH FRANC A P R I L 3 0 6 8 . 0 4 S W I S S FRANC A P R I L 3 0 1 9 6 . 3 5 BELGIAN FRANC A P R I L 3 0 9 6 . 5 3 I T A L I A N L I R A A P R I L 3 0 3 8 . 7 1 SWEDISH KRONA A P R I L 3 0 6 7 . 7 6
CHART 2 . 3-MONTH FORWARD EXCHANGE
CANADIAS DOLLAR G . K . POUND GERMAN HARK FRENCH FRANC SWISS FRANC DUTCH GUILDER J A P A N E S E YEN I T A L I A N L I R A
, PREMIUM Oii DISCOUNT
A P R I L 3 0 - 2 . 2 7 A P R I L 3 0 - 3 . 3 4 A P R I L 3 0 2 . 3 0 A P R I L 3 0 - 0 . 7 4 A P R I L 3 0 2 . 6 4 A P R I L 3 0 1 . 4 3 A P R I L 3 0 2 . 13 A P R I L 3 0 - 5 . 8 5
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S E R I E S NAME LAST VALUE PLOTTED
DATE VALUE
CHART 3 . GOLD P R I C E IN LONDON, AFTERNOON F I X I N G
U . S . DOLLARS PER F I N E OUNCE A P R I L 3 0 3 4 4 . 11
CHART 4 . CALL MONEY RATES
U . S . FEDERAL FUNDS OVERNIGHT EURODOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND
A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 30 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0
6.88 6.86
1 1 . 0 7 8 . 6 5 5 . 14 4 . 4 1 7 . 8 2 6.20 7 . 40
CHART 5 . 3-MONTH INTEREST RATES
U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI &ATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK BATE WEIGHTED AVERAGE FOREIGN INTEREST RATE
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
A P R I L 3 0 A P R I L 3 0 APRIL 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0
6 . 5 3 4 . 5 2 4 . 5 4 9 . 19
1 0 . 3 4 4 . 13 7 . 3 3 5.. 3 4 6 . 7 5
CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR
APRIL 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0 A P R I L 3 0
6. 86 6 . 8 9 6.88 6 . 7 8 6 . 7 8 6 . 8 4
CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES
OVBENIGHT EURO-DOLLAR DEPOSITS A P R I L 3 0 6.86 U . S . FEDERAL FUNDS A P R I L 3 0 6.88 DIFFERENTIAL A P R I L 3 0 - 0 . 0 2
3-MONTH EURO-DOLLAR DEPOSIT RATE A P R I L JO 6 ,7a U . S . 90 -DAY C D ' S , SECONDARY MARKET A P R I L 3 0 6 S 3 DIFFERENTIAL A P R I L 3 0 0 . 2 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S E R I E S SAME LAST VALUE PLOTTED
DATS VALUE
CHART 8 . INT Eli EST ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT A P R I L 3 0 6 . 7 8 INTERBANK STERLING (LONDON), COVERED A P R I L 3 0 6 . 9 1 D I F F E R E N T I A L A P R I L 3 0 - 0 . 13
U . S . COMMERCIAL PAPER A P R I L 3 0 6 . 5 4 CANADIAN FINANCE PAPER, COVERED A P R I L 3 0 6 . 8 7 D I F F E R E N T I A L A P R I L 3 0 - 0 . 3 3
EURO-DOLLAR DEPOSIT A P R I L 30 6 . 7 8 INTERBANK DM (FRANKFURT) , COVERED A P R I L 3 0 6 . 8 5 DIFFERENTIAL A P R I L 3 0 - 0 . 0 8
EURO-DOLLAR DEPOSIT A P R I L 3 0 6 . 7 8 SWISS INTERBANK, COVERED A P i l l L 3 0 6 . 7 9 DIFFERENTIAL A P R I L 3 0 - 0 . 0 1
CHART 9 . LONG TERM GOVEBMENT BOND YIELDS
UNITED STATES A P R I L 2 5 7 . 3 5 GERMANY A P R I L 2 5 5 . 4 6 JAPAN (MONTHLY) J A N . 6 . 2 9 SWITZERLAND A P R I L 11 4 . 2 8 CANADA A P R I L 11 9 . 2 1 FRANCE A P R I L 2 5 8 . 8 8 NETHERLANDS (MONTHLY) F E B . 6 . 8 4 UNITED KINGDOM A P R I L 2 5 8 . 4 8
U . S . CORPORATE
AAA BONDS F E B , 9 . 6 7
CHART 1 0 . STOCK I N D I C E S
UNITED STATES UNITED KINGDOM CA NAD A GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN
A P R I L 2 3 2 4 8 . 3 2 A P R I L 2 3 2 9 9 * * 4 A P R I L 2 3 3 0 6 . 8 6 A P R I L 2 3 3 1 1 . 6 7 A P R I L 2 3 1 9 8 . 7 2 A P R I L 2 3 3 0 9 . 6 3 A P R I L 2 3 3 9 3 . 4 4 A P R I L 2 3 3 3 1 . 0 7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
. FEDERAL RESERVE statistical release wSfiui:
H.10 (512) HA* 2, 1986
FOREIGN EXCHANGE RATES FOB THB 8BSK ENDING MAI 2, 1986
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 U N I T S P8R DOLLAR
COUNTRY MONETARY
UNIT A P R . 2 8 A P R . 2 9 APR. 3 0 MAY 1 MAY 2
AUSTRALIA DOLLAR 7 3 . 8 0 7 4 . 0 1 7 4 . 0 7 7 3 . 5 3 7 3 . 4 7 AUSTRIA S C H I L L I N G 1 5 . 2 1 0 1 5 . 3 1 0 1 5 . 2 3 0 1 5 . 5 0 2 1 5 . 5 4 0 BELGIUM FRAMC 4 4 . 1 9 0 4 4 . 4 2 0 4 4 . 1 8 0 4 4 . 9 6 0 4 5 . 0 8 0 BRAZIL CRUZADO 1 3 . * 4 1 3 . 8 4 1 3 . 8 4 1 3 . 8 4 1 3 . 8 4 CANADA DOLLAR 1 . 3 7 8 5 1 . 3 7 9 5 1 . 3 7 3 8 1 . 3 7 7 5 1 . 3 7 9 5 C H I N A , P . R . YUAN 3 . 1 9 9 9 3 . 1 9 9 9 3 . 1 9 9 9 3 . 1 9 9 9 3 . 2 0 3 1 DEEHARK KRONE 8 . 0 2 7 5 8 . 0 6 2 5 8 . 0 2 0 0 8 . 1 5 7 0 8 . 1 7 5 0 FINLAND MARKKA 4 . 9 3 0 0 4 . 9 5 0 0 4 . 9 4 0 0 4 . 9 7 0 0 5 . 0 1 7 5 FRANCE FRANC 6 . 8 9 8 0 6 . 9 3 4 0 6 . 8 9 5 5 7 . 0 2 0 0 7 . 0 5 0 0 GERMAN* D . MARK 2 . 1 6 4 5 2 . 1 7 6 0 2 . 1 6 5 0 2 . 2 0 5 0 2 . 2 1 5 0 GREECE DRACHMA 1 3 7 . 1 0 0 1 3 7 . 3 0 0 1 3 7 . 2 0 0 1 3 6 . 9 0 0 1 3 9 . 0 0 0 HONG KONG DOLLAR 7 . 7 8 5 0 7 . 7 9 0 0 7 . 7 9 2 0 7 . 7 9 1 5 7 . 7 9 7 0 I N D I A RUPEE 1 2 . 2 5 0 0 1 2 . 2 7 0 0 1 2 . 3 0 0 0 1 2 . 3 5 0 0 1 2 . 4 4 0 0
I R E L A N D POUND 1 4 0 . 3 0 1 3 9 . 8 5 1 4 0 . 4 4 1 3 8 . 2 0 1 3 8 . 0 5 I T A L I L I R A 1489.00 1494.00 1 4 9 0 . 0 0 1 5 1 2 . 5 0 1 5 1 3 . 0 0 JAPAN IBM 1 6 7 . 1 5 1 6 7 . 8 5 1 B 7 . 6 0 1 6 9 . 6 5 1 6 9 . 9 0 MALAYSIA R I N G G I T 2 . 6 1 0 0 2 . 5 8 0 0 2 . 5 7 5 0 2 . 5 7 7 0 2 . 5 7 0 0 NETHERLANDS GUILDER 2.4445 2 . 4 5 4 0 2 . 4 4 0 5 2 . 4 8 4 5 2 . 4 9 5 5
NEW ZEALAND DOLLAR 58.450 5 8 . 3 7 0 5 8 . 4 3 0 5 7 . 6 5 0 5 7 . 5 0 0 NORWAY KRONE 6 . 9 0 7 5 6 . 9 2 8 5 6 . 9 5 7 5 7 . 1 4 0 0 7 . 0 5 5 0 PORTUGAL ESCUDO 1 4 5 . 8 0 0 1 4 6 . 2 5 0 1 4 5 . 5 0 0 1 4 7 . 2 0 0 1 4 7 . 5 0 0 SINGAPORE DOLLAR 2 - 1 9 2 5 2 . 1 9 1 0 2 . 1 9 4 0 2 . 2 0 2 0 2 . 2 0 1 0
SOUTH AFRICA RAND 4 8 . 8 5 4 8 . 6 2 4 8 . 6 0 4 8 . 3 0 4 8 . 2 0 SOUTH KOREA WON 8 8 7 . 3 0 8 8 6 . 9 0 8 8 7 . 4 0 8 8 7 . 9 0 8 8 8 . 4 0 S P A I N PESETA 1 3 8 . 1 0 0 1 3 8 . 5 2 0 1 3 8 . 1 5 0 1 4 0 . 2 0 0 1 4 0 . 1 0 0 S R I LAVKA RUPEE 2 7 . 8 6 7 2 7 . 8 7 2 2 7 . 8 8 7 2 7 . 8 8 7 2 7 . 9 1 7 SWEDEN KROKA 7 . 0 0 2 5 7 . 0 3 0 0 7 . 0 0 7 0 7 . 0 9 8 0 7 . 0 8 5 0 SWITZERLAND FRANC 1 . 8 0 8 5 1 . 8 2 0 5 1 . 8 1 3 0 1 . 8 4 6 0 1 . 8 5 5 0 TAIWAN DOLLAR 3 8 . 6 1 0 3 8 . 6 0 0 3 8 . 5 9 0 3 8 . 5 8 0 3 8 . 5 7 0 THAILAND BAHT 2 6 . 2 5 0 2 6 . 2 6 0 2 6 . 3 0 0 2 6 . 3 0 0 2 6 . 3 8 0
UNITED KINGDOM POUND 1 5 5 . 5 0 1 5 5 . 2 0 1 5 5 . 1 0 1 5 2 . 9 2 1 5 2 . 2 0
MEMO: U N I T E D STATES DOLLAR 1 1 1 . 0 5 1 1 1 . 4 9 1 1 1 . 0 9 1 1 2 . 7 6 1 1 3 . 1 0
I1NUEX UF WEIGH! FED AVERAGE B A U t i A l l t i i S V A L UK OF U . S . DO LIAR AGAINST CURRENCIES Or OTHER G-10 COUNTBIBS. HABCH 1973 = 100. WEIGHTS ABB 1972-76 GLOBAL TBADB Of EACH Of THB 10 COOITBIES. SSBIES BBTISBO AS OF AUGUST 1978. FOB DBSCBIPTION AMD BACK DATA, SEE "INDEX Of THE NEIGHTBD-AVBBAGB EXCHANGE VALUE Of THE U.S. DOLLABS BBYISIOB" ON PAGE 700 Of THE AUGUST 1978 fBDBHAL BBSBBfB BULLETIN.
7ALOE IS U.S. CENTS
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis