h13_19840312

s- wo DATA FSL1 \ LIBRARY fEOERAL RESERVE BARE

OF CHICAGO (516/517)

LIBRARY MAR 1 5 1984 FEDERAL RESERVE OAHK Of OIIIOAQO

Selected Interest & Exchange Rates Weekly Series of Charts

March 12, 1984

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

e

i

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 a 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.


RATIO SCALE MARCH 1973=100

160 140

120

100

80

60

CHART 1

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

AVERAGES FOR WEEK ENDING WEDNESDAY

160

140 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR ^ -

JAPANESE YEN / -

120 - -

100 - / - - -

80 I I I i i l i i l i i l n M I I I I M I M I I I l l l l , l l l l l , I I I I I I M I M 120

100 - CANADIAN DOLLAR -

80

60 I I I I I I , , L ,

SWISS FRANC

r

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

V :

BELGIAN FRANC ~~

I I I

!

RATIO SCALE MARCH 1973=100

160

140

120

100

80

240

200

160

GERMAN MARK

DUTCH GUILDER

FRENCH FRANC U.K. POUND

1982 1984

1 1 1

ITALIAN LIRA

1 1 1

-

1982 1984

80 70

60 50

40

30


i

CHART 3

PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

U.S. DOLLARS PER FINE OUNCE

600 I -U.S. DOLLARS PER FINE OUNCE

600

550 550

12.5 Kg BARS AFTERNOON FIXING PRICE

500 500

450 450

400 400

350 350

300 300

250 250

1982 1981 1983 1984


CHART 4

CALL MONEY RATES WEEKLY SERIES

PERCENT PER ANNUM

28 PERCENT PER ANNUM

24

20

\ n FRANCE

- - 16

zr W - 12 - V - 8

JAPAN 4

| I I 111111111II 0

U. S. FEDERAL FUNDS

CANADA

EURO-SWISS FRANC

NETHERLANDS

U. K. 2-DAY LOCAL AUTHORITY GERMANY

EURO-DM

1982 1984 1982 1984


22

18

14

10

6 20

16

12

8 11

9

7

5

24

20

16

12

8 16

12

8

4

12

8

4

0

CHART 5

3-MONTH INTEREST RATES WEEKLY SERIES

\IT PER ANNUM PERCENT PER ANI

U.S. CD S CANADIAN FINANCE CO PAPER

WEIGHTED AVERAGE FOREIGN RATE

U.K. INTERBANK STERLING GERMAN INTERBANK RATE

JAPANESE BANK LOANS AND DISCOUNTS

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

IV

SWISS INTERBANK RATE

-

I i I I I I

L -

1982 1984 1982 1984


CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

PERCENT PER ANNUM

24

20 - A -

t \ OVERNIGHT

16

12 - V -

8 - -

4 " i l l I I I 11111111111

PERCENT PER ANNUM

24

7-DAY

1-MONTH

3-MONTH

-

~1 M / Vi < 6-MONTH

i i i 1 i 1 11111111111 i i l n l i i l i i

20

16

12

1-YEAR

1982 1984 1982 1984


26

22

18

14

10

6

2

+ 0

2 I

CHART 7

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


MT PER ANNUM

DIFFERENTIAL

1982

ERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

PERCENT PER ANNUM

26

FEDERAL FUNDS 3-MONTH EURO-DOLLAR DEPOSITS

OVERNIGHT EURO-DOLLAR DEPOSITS

90-DAY CD S / I

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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1984 1982 1984


CHART 8

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


PERCENT PER ANNUM PERCENT PER ANNUM

28

EURO-DOLLAR DEPOSITS DASHED LINE 20

INTERBANK STERLING COVERED LONDON

4

DIFFERENTIAL 2

+ 0

2 28

INTERBANK DM COVERED FRANKFURT

20

EURO-DOLLAR DEPOSITS DASHED LINE

I l l l l l l l l l l 2

DIFFERENTIAL

6

2 1982 1984

28

20 CANADIAN FINANCE CO. PAPER, COVERED

- U. S. COMMERCIAL PAPER

2 DIFFERENTIAL

28

SWISS INTERBANK (SF) COVERED 20

EURO-DOLLAR DEPOSITS DASHED LINE

2 DIFFERENTIAL

1982 1984

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

PEF

19

15

11

7

15

11

7

13

9

5

22

18

14

10

6

19

15

11

7

9

5

1

13

9

5

22

18

14

10

6

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

ENT PER ANNUM PERCENT PER AL

UNITED STATES

UNITED KINGDOM

MONTHLY

- Ay V

CANADA

-

i i i I I I

-

I I I

SWITZERLAND

I I I

GERMANY -

-

U . S . CORPORATE MONTHLY

Aaa BONDS

EURO-DOLLAR BONDS ^ V

FRANCE

NETHERLANDS MONTHLY

111 i 11111 I I 1982 1984 1982 1984


CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

RATIO SCALE 1969=100

RATIO SCALE 1969=100

240 240

200 - UNITED STATES - JAPAN r -200 160 - r j ^ - - - 160

120

i i i I i r i ~

I I I I I I

120

210

170 UNITED KINGDOM v V S z

' -

130 ~ l\ A /V\ -

90 - -

70 I I I l l l l l l l l l l l

190

FRANCE

GERMANY SWITZERLAND

NETHERLANDS CANADA

200

1982 1984 1982 1984


SEBIES NAME LAST VALUE PLOTTED

DATS VALUE

CHART 1. SPOT EXCHANGE BATES AND INDICES

WEEKLY AVERAGES, NCGN BUYING BATES (U.S. CENTS) GEBMAN BABK MARCH 7 38.81 JAPANESE YEN MABCH 7 0.44200 DUTCH GUILDER MABCH 7 34.38 U.K. POUND MARCH 7 148.06 CANADIAN DCLLAB MABCH 7 79.86 FRENCH FBANC MARCH 7 12.60 SWISS FRANC MARCH 7 46.81 BELGIAN FRANC MARCH 7 1.89737 ITALIAN LISA MARCH 7 0.06235 SWEDISH KBONA MABCH 7 12.97

INDICES, MARCH 1973 BASE BATES = 100

GERMAN MARK MABCH 7 109.19 JAPANESE YEN MARCH 7 115.73 DUTCH GUILDER MABCH 7 98.70 U.K. POUND MARCH 7 59.88 CANADIAN DCLLAB MABCH 7 79.60 FRENCH FRANC MABCH 7 56.77 SWISS FRANC MABCH 7 150.58 BELGIAN FRANC MABCH 7 74.77 ITALIAN LIRA MARCH 7 35.42

WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 (G-10 COUNTRIES PLUS SWITZEBLANO)

U.S. DOLLAR MARCH 7 127. 12 GERMAN MARK MARCH 7 139.24 JAPANESE YEN MABCH 7 145.51 DUTCH GUILDER MABCH 7 120.67 U.K. POUND MARCH 7 69.94 CANADIAN DCLLAB MABCH 7 95.84 FBENCH FBANC MARCH 7 65.66 SWISS FBANC MABCH 7 185.04 BELGIAN FBANC MABCH 7 89.82 ITALIAN LIBA MABCH 7 40.09 SWEDISH KBONA MARCH 7 68.50

CHABT 2. 3-MONTB FOBWABD EXCHANGE BATES, PREMIUM OR DISCCUNT

CANADIAN DCLLAB MARCH 7 0. 18 U.K., POUND MARCH 7 1.22 GERMAN MARK MARCH 7 4.55 FRENCH FBANC MARCH 7 6. 10 SWISS FRANC MARCH 7 6.75 DUTCH GUILDEB MABCH 7 4.11 JAPANESE YEN MARCH 7 3.84 ITALIAN LIBA MARCH 7 -7.40


SERIES HAHE LAST VALUE PLOTIE1

DATE VALOE

CHART 3. GOLD PRICE IK LONDON, AFTERNOON FIXING

U.S. DOLLARS PES FINE OUNCE MARCH 7 399.77

4. CALL MONEY RATES U.S.. FEDERAL FUNDS MARCH 7 9. 75 OVERNIGHT EURO-COLLAR DEPOSITS MARCH 7 9.55 U.K. MARCH 2 9.00 CANADA FEB. 24 9.41 GERMANY MARCH 2 5.55 EURO-DM MARCH 9 5.35 JAPAN MARCH 2 6.63 FRANCE MARCH 2 12.75 NETHERLANDS JAN. 1 10.30 EURO-SWISS FRANC MARCH 9 2. 25

CHART 5. 3-MONTH INTEREST BATES U.S. 90-DAY CD'S, SECONDARY MARKET MARCH 7 9.75 GERMAN INTERBANK LOAN MARCH 7 5.88 JAPANESE EANK LOANS 6 DISCOUNTS MARCH 7 6.25 CANADIAN FINANCE PAPER MARCH 7 9.89 INTERBANK STERLING MARCH 7 9.06 StfISS INTERBANK ICAN MARCH 7 3.60 WEIGHTED AVERAGE FOREIGN INTEREST RATE MARCH 7 8.46

(G-10 COUNTRIES PLCS SWITZERLAND)

CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-HONTH 6-MONTH 1-YEAR

MARCH 7 9.55 MARCH 7 9.68 MARCH 7 9.84 MARCH 7 10.09 MARCH 7 10.35 MARCH 7 10.80

CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-COLLAR DEPOSITS MARCH 7 9.55 U.S. FEDERAL FUNDS MARCH 7 9.75 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MARCH 7 -0.20 3-HO NTH EURODOLLAR DEPOSIT RATE MARCH 7 10.09 U.S. 90DA If CD'S, SECONDARY MARKET MARCH 7 9.75 DIFFERENTIAL MARCH 7 0.34


LAST VALUE PLOTTED SERIES NAME DATE VAIOE

CHART 8. INTEREST ARBITRAGE, 3-MONTH FUNDS EURODCLIAS DEPOSIT MARCH 7 10.09 INTERBANK STERLING (LONDON), COVERED MARCH 7 10.30 DIFFERENTIAL MARCH 7 -0.21 U.S. COMMERCIAL PAPEB MARCH 7 9.48 CANADIAN FINANCE PAPER, COVERED MARCH 7 10.06 DIFFERENTIAL MARCH 7 -0.60 EURO-DOLLAR DEPOSIT MARCH 7 10.09 INTERBANK DM (FRANKFURT), COVERED MARCH 7 10.49 DIFFERENTIAL MARCH 7 -0.41 EURO-DOLLAR DEPOSIT MARCH 7 10.09 SWISS INTERBANK, COVERED MARCH 7 10.41 DIFFERENTIAL MARCH 7 -0.32

CHART 9. LONG 15BM GOVERMENT BOND YIELDS UNITED STATES MARCH 2 12.05 GERMANY MARCH 2 7. 88 JAPAN (MONTHLY) JAN. 6.94 SWITZERLAND FEB. 17 4.54 CANADA FEB. 24 12. 10 FRANCE OCT. 23 14.17 NETHERLANDS (MONTHLY) NOV. 8. 57 UNITED KINGDOM MARCH 2 9.73 . CORPCBA1E AAA BONDS JAN. 12.20 EURO-DOLLAR BONDS NOV. 10.29

CHART 10. STOCK INDICES

UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN

FEB. 29 163. 85 FEB. 29 180. 24 FEB. 29 239. 66 FEB. 29 149. 78 FEB. 29 122. 72 FEB. 29 158. 42 FEB. 29 161. 20 FEB. 29 205. 80


: ; -

FEDERAL RESERVE statistical release Rt^ ."

H. 10(512) FOREIGN EXCHANGE RATES MARCH 12, 1984

FOB THE WEEK EIDI1G MARCH 9, 1984

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 rate in New York City for cable transfers payable in foreign currencies:

COUNTRY MONETARY

UNIT HAH. C W l p c i D M

HA*. ? f#R DOLLAR

BAR. HAR. 8 MAR. ARGENTINA

AUSTRALIA AUSTRIA BELGIUM BRAZIL CANADA CHILE CHINA, P. B. COLOMBIA DENMARK FINLAND FBANCE GERMANY GREECE HCNG KONG INDIA INDONESIA

IRELAND ISRAEL ITALY JAPAN MALAYSIA MEXICO NETHERLANDS

NEB ZEALAND NORWAY PERU PHILIPPINES PORTUGAL SINGAPORE

SOUTH AFRICA SOUTH KOREA SPAIN SBI LANKA S8EDEN SWITZERLAND TAIWAN THAILAND

UNITED KINGDOM VENEZUELA

PESO DOLLAR SCHILLING FRANC CRUZEIRO DOLLAR PESO YUAN PESO KRONE MARKKA FRANC D. MARK DRACHMA DOLLAR RUPEE RUPIAH POUND SHEKEL LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE SOL PESO ESCUDO DOLLAR RAND BON PESETA RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

NA 95.50 18.190 52.600

1231.00 1.2523 HA 2.0519 NA 9.4680 5.5730 7.9375 2.5795

100.500 7.7800 10.6700 1A

119.00 139.860

1606.00 223.35 2.2810 171.5000

2.9115 66.280 7.4500 NA

14.0500 130.200

2.0750 83.85

794.40 148.200 25.190 7.7190 2.1280

40.180 23.000 148.45 13.1000

NA 95.53 18.005 52.270

1231.00 1.2558 IA 2.0417 NA 9.3750 5.5630 7.8780 2.5518

100.700 7.7795 10.6700 HA

120.05 141.700

1593.00 223.35 2.2820 171.4000 2.8850

67.280 7.4000 HA 14.0500

129.500 2.0775

84.00 793.40 147.730 25.190 7.6400 2.1095

40.180 23-000 148.40 13.1000

HA 95.40 18.010 52.300

1231.00 1.2602 NA 2.0417 NA 9.3600 5.5220 7.8700 2.5550

100.200 7.7770 10.6700 NA

119.90 142.690

1588.00 223.25 2.2860 171.6000 2.8640

67.220 7.4175 NA

14.0500 128.800 2.0900

83.95 792.40 146.730 ' 25.190 7.6425 2.1160

40.170 23,000 147.55 13.2000

NA 95.29 18.240 53.010

1231.00 1.2651 HA 2.0498 NA 9.4650 5.5960 7.9725 2.5875

101.000 7.7790 10.6700 NA

118.30 142.910

1612.00 224.55

2.2975 172.1000

2.9230 66.850 7.4725 NA

14.0500 129.850

2.0965 83.40

792.40 149.100 25.190 7.6975 2.1360

40.150 23.000 145.80 13.1500

NA 95.42 18.160 52.850

1231.00 1.2710 NA 2.0498 NA 9.4500 5.5845 7.9550 2.5820

101.250 7.7810

10.6900 NA

118.75 142.910

1605.00 224.80

2.2870 172.5000

2.9210 66.920 7.4700 NA

14.2500 130.400 2.0860 83.70

793.30 149.050 25.160 7.6975 2.1340

40.140 23.000 146.25 13.1000

HEHO: UNITED STATES DOLLAR 126.88 126.18 126.29 127.67 127.52 ilNDEX OF WEIGHTED AVERAGE EXCHABGE VALUE OF 0.S. DOLLAR AGAINST COBREHCIES OF OTBEB G-10 COUNTBIES PLUS SWITZERLAND. HABCH 1973 100. WEIGHTS ABE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AiGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AOGOST 1978 FEDERAL RESERVE BULLETIN.

VALUE IS O.S. CENTS


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