h13_19891030.pdf

(516/517)

Selected Interest & Exchange Rates Weekly Series of Charts

O c t o b e r 3 0 , 1 M 9 DIVISION OF INTERNATIONAL FINANCE

Prepared by the BOARD OF GOVERNORS FINANCIAL MARKETS FEDERAL RESERVE SYSTEM SECTION WMhington, D& 20681

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

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 S 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 m ^ S Currency.

10 INDUSTRIAL STOCK INDICES


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

t=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 DOL \R PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)

AVERAGES FOR WEEK ENDING WEDNESDAY

SCALE 1973=100

RATIO S< MARCH 1973

FOREIGN CURRENCY PRICE OF U.S. DOLLAR

SWISS FRANC

__ BELGIAN FRANC

—

I I I I I I

JAPANESE YEN —

I I I I I I

—

CANADIAN DOLLAR

U.K. POUND

GERMAN MARK DUTCH GUILDER

FRENCH FRANC

1987 1989

ITALIAN LIRA

I I I I I I 11111111111 I I I I I I I I I I I

1987 1989


CHART 2

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


PERCENT PER ANNUM 4

CANADIAN DOLLAR

I I I

Ax/ - " ̂ ^ V v

12

GERMAN MARK

I I I I I I M i n i . i h .

—

SWISS FRANC

FRENCH FRANC

IT J -

[

i i i i i i 11111111111

PERCENT PER ANNUM

4

U. K. POUND

I I I I I I

\ -

JAPANESE YEN

I I I I I I n i l , l u l u

DUTCH GUILDER

I I I I I I

ITALIAN LIRA

- 4

12

1987 1989 1987 1989


U.S. 520

500

480

460

440

420

400

380

360

340

320

300

520

500

480

460

440

420

400

380

360

340

320

300

CHARTS

PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

LLARS PER FINE OUNCE U.S. DOLLARS PER FINE Ol

12.5 Kg BARS AFTERNOON FIXING PRICE

I I I I I I I

1986 1987 1988 1989


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

CHART4

CALL MONEY RATES WEEKLY SERIES

ENT PER ANNUM PERCENT PER ANh

U.S. FEDERAL FUNDS

I I I I I

FRANCE

" M K .1 K . ,

JAPAN

1 1 1 1 1 1

CANADA

GERMANY

UNITED KINGDOM

SWITZERLAND

NETHERLANDS

1987 1989 1987 1989


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

ENT PER ANNUM

U.S. CD'S

WEIGHTED AVERAGE FOREIGN RATE

PERCENT PER ANh

FRENCH INTERBANK RATE

U.K. INTERBANK STERLING CANADIAN FINANCE CO. -

PAPER

f -

I I I I I I

—

„ GERMAN INTERBANK RATE J -

I I I i i I n h i l l i

-

SWISS INTERBANK RATE

I I I I I

JAPANESE GENSAKI RATE

- NETHERLANDS INTERBANK RATE Z -

I I I I I I

-

1987 1989 1987 1989


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

ENT PER ANNUM

OVERNIGHT

7-DAY

1-MONTH

PERCENT PER ANN

__ 3-MONTH —

I I I I I I

-

- 6-MONTH —

I I I

-

1-YEAR

1987 1989 1987 1989


14

12

10

8

6

4

2

2

1

+ 0

1

14

12

10

8

6

4

2

2

1

+ 0

1

CHART 7

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


PERCENT PER AN

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

3-MONTH EURO-DOLLAR DEPOSITS

90-DAY CD'S DASHED LINE

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

DIFFERENTIAL

J I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 11 1111

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

1987 1989

ENTIAL SCALE = 2 PERCENT ON RATE SCALE

1987 1989


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

CHARTS

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


ENT PER ANNUM PERCENT PER ANN

INTERBANK STERLING COVERED LONDON

EURO-DOLLAR DEPOSITS DASHED LINE

i l l n l u l JLL

CANADIAN FINANCE CO. PAPER, COVERED

U.S. COMMERCIAL PAPER DASHED LINE

1 1

DIFFERENTIAL

I I I I I I I I I I I

DIFFERENTIAL

M 111111111

INTERBANK DM COVERED FRANKFURT


SWISS INTERBANK (SF) COVERED


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

DIFFERENTIAL

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

DIFFERENTIAL

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

1987 1989

1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

1987 1989


14

12

10

8

6

14

12

10

8

6

10

8

6

4

2

10

8

6

4

2

14

12

10

8

6

14

12

10

8

6

10

8

6

4

2

10

8

6

4

2

CHART9

LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

>ENT PER ANNUM

UNITED STATES

PERCENT PER ANh

I I I I I I I I I I I

„ CANADA

^ » / M / S J W "

I I I I I I

V 1

UNITED KINGDOM - FRANCE

v 1 1 1 1 1 1

__ SWITZERLAND JAPAN

NETHERLANDS MONTHLY - GERMANY

-

1 1 1 1 1 1 M I I I I M I I I

-

1987 1989 1987 1989


CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

RATIO SCALE 1969=100

RATIO SCALE 1969=100

UNITED STATES NETHERLANDS

400 JAPAN GERMANY

400

— A — 300

- / V v - - - 250

- t y f - — - 200

- J — - — 150

i i i | , , I I I I I I 100

SWITZERLAND FRANCE

CANADA

I I I I I I

—

UNITED KINGDOM

1987 1989 1987 1989


S E R I E S NAME LAST VALUE PLOTTED

DATE VALUE

HART 1 . SPOT EXCHANGE RATES AND I N D I C E S

WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS)

GERMAN MARK OCT. 2 5 5 4 . 11 JAPANESE YEN OCT. 2 5 0 . 7 0 4 4 3 DUTCH GUILDER OCT. 2 5 4 7 . 9 1 U. K. POUND OCT. 2 5 1 5 9 . 8 5 CANADIAN DOLLAR OCT. 2 5 8 5 . 2 2 FRENCH FRANC OCT. 2 5 1 5 . 9 3 SWISS FRANC OCT. 2 5 6 1 . 7 5 BELGIAN FRANC OCT. 2 5 2 . 5 7 6 1 6 ITALIAN LIRA OCT. 2 5 0 . 0 7 3 6 6 SWEDISH KRONA OCT. 2 5 1 5 , 56

I N D I C E S , MARCH 1 9 7 3 BASE RATES = 100

GERMAN MARK OCT. 2 5 1 5 2 . 2 0 JAPANESE YEN OCT. 2 5 1 8 4 . 44 DUTCH GUILDER OCT. 2 5 1 3 7 . 5 3 U . K . POUND OCT. 2 5 6 4 . 6 5 CANADIAN DOLLAR OCT. 2 5 8 4 . 9 4 FRENCH FRANC OCT. 2 5 7 1 . 77 SWISS FRANC OCT. 2 5 19 8 . 6 6 BELGIAN FRANC OCT. 2 5 1 0 1 . 5 1 ITALIAN LIRA OCT. 2 5 4 1 . 84

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

U . S . DOLLAR OCT. 2 5 9 8 . 2 4 GERMAN MARK OCT. 2 5 1 6 2 . 53 JAPANESE YEN OCT. 2 5 1 9 5 . 4 0 DUTCH GUILDER OCT. 2 5 13 8 . 5 2 U . K . POUND OCT. 2 5 6 0 . 8 4 CANADIAN DOLLAR OCT. 2 5 8 2 . 6 1 FRENCH FRANC OCT. 2 5 6 8 . 0 2 SWISS FRANC OCT. 2 5 19 9 . 7 4 BELGIAN FRANC OCT. 2 5 1 0 0 . 11 ITALIAN LIRA OCT. 2 5 3 8 . 56 SWEDISH KRONA OCT, 2 5 6 7 . 0 4

T 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT

CANADIAN DOLLAR OCT. 2 5 - 3 . 46 U . K . POUND OCT. 2 5 - 6 . 18 GERMAN MARK OCT. 2 5 0 . 5 3 FRENCH FRANC OCT. 2 5 - 1 . 4 6 SWISS FRANC OCT. 2 5 0 . 87 DUTCH GUILDER OCT. 2 5 0 . 4 3 JAPANESE YEN OCT. 2 5 2 . 3 0 ITALIAN LIRA OCT. 2 5 - 4 . 0 2



DATE VALUE

CHART 3 . GOLD P R I C E II LONDON, AFTERNOON F I X I N G

U . S . DOLLARS PER F I N E OUNCE OCT. 2 5 3 6 7 . 0 0

CHART 4 . CALL HONEY BATES

U . S . FEDERAL FUNDS OCT. 2 5 8 . 72 OVERNIGHT EURO-DOLLAR DEPOSITS OCT. 2 5 8 . 6 1 U. K. OCT. 2 5 1 4 . 97 CANADA OCT. 2 5 1 2 . 10 GERMANY OCT. 2 5 7 . 8 5 JAPAN OCT. 2 5 6 . 08 FRANCE OCT. 2 5 9 . 91 NETHERLANDS OCT. 2 5 7 . 7 6 SWITZERLAND OCT. 2 5 6 . 3 8

CHART 5 . 3-MONTH I N T E R E S T RATES

U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET OCT. 2 5 8 . 5 0 GERMAN INTERBANK LOAN OCT. 2 5 8 . 10 JAPANESE GENSAKI RATE OCT. 2 5 5 . 37 CANADIAN FINANCE PAPER OCT. 2 5 1 2 . 2 5 INTERBANK STERLING OCT. 2 5 1 5 . 0 4 SWISS INTERBANK LOAN OCT. 2 5 7 . 57 FRENCH INTERBANK RATE OCT. 2 5 1 0 . 00 NETHERLANDS INTERBANK RATE OCT. 2 5 8 . 06 WEIGHTED AVERAGE FOREIGN INTEREST RATE OCT. 2 5 9 . 39

( G - 1 0 COUNTRIES PLUS SWITZERLAND)

CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT OCT. 2 5 8 . 6 1 7-DAY OCT. 2 5 8 . 6 3 1-MONTH OCT. 2 5 8 . 5 9 3-MONTH OCT. 2 5 8 . 5 8 6-MONTH OCT. 2 5 8 . 3 8 1-YEAR OCT. 2 5 8 . 34

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

OVERNIGHT EURO-DOLLAR DEPOSITS OCT. 2 5 8 . 61 U . S . FEDERAL FUNDS OCT. 2 5 8 . 7 2 DIFFERENTIAL OCT. 2 5 - 0 . 11

3-MONTH EURO-DOLLAR DEPOSIT RATE OCT. 2 5 8 . 58 U . S . 90-DAY C D ' S , SECONDARY MARKET OCT. 2 5 8 . 50 DIFFERS NTIAL OCT. 2 5 0 . 25



DATE VALUE

CHART 8 . INTEREST ARBITRAGE, 3-MONTH PONDS

EURO-DOLLAR DEPOSIT OCT. 2 5 8 . 58 INTERBANK STERLING (LONDON), COVERED OCT. 2 5 8 . 6 3 DIFFERENTIAL OCT. 2 5 - 0 . 06

U . S . COMMERCIAL PAPER OCT. 2 5 8 . 6 9 CANADIAN FINANCE PAPER, COVERED OCT. 2 5 8 . 6 9 DIFFERENTIAL OCT. 2 5 - 0 . 00

EURO-DOLLAR DEPOSIT OCT. 2 5 8 . 5 8 INTERBANK DM (FRANKFURT), COVERED OCT. 2 5 8 . 64 DIFFERENTIAL OCT. 2 5 - 0 . 07

EURO-DOLLAR DEPOSIT OCT. 2 5 8 . 5 8 SWISS INTERBANK, COVERED OCT. 2 5 8 . 46 DIFFERENTIAL OCT. 2 5 0 . 12

CHART 9 . LONG TERM GOVERMENT BOND YIELDS

UNITED STATES OCT. 2 0 7 . 99 GERMANY OCT. 2 7 7 . 2 7 JAPAN OCT. 2 0 5 . 37 SWITZERLAND OCT. 1 3 5 . 4 6 CANADA OCT. 1 3 9 . 7 5 FRANCE OCT. 1 3 9 . 3 3 NETHERLANDS (MONTHLY) AUG. 7 . 0 3 UNITED KINGDOM OCT. 2 7 9 . 5 4

U . S . CORPORATE

AAA BONDS MAY 9 . 3 3

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

UNITED STATES UNITED KINGDOM CA NADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN

OCT. 2 5 3 6 1 . 19 OCT. 2 5 3 8 5 . 16 OCT. 2 5 3 8 6 . 9 3 OCT. 2 5 2 6 8 . 6 0 OCT. 2 5 2 5 3 . 9 5 OCT. 2 5 3 4 3 . 7 5 OCT. 2 5 5 2 4 . 8 5 OCT. 2 5 7 0 8 . 6 6


FEDERAL RESERVE statistical release

H.10 (512 ) OCTOBER 27 , 1989

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 27 , 1989

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 UNITS PER DOLLAR)

COUNTRY MONETARY

UNIT OCT. 23 OCT. 24 OCT. 25 OCT. 26 OCT. 27

^AUSTRALIA DOLLAR 77 .04 7 6 . 5 1 77 .39 77 .82 77 .75 AUSTRIA SCHILLING 13.070 12.952 12 .950 12 .988 12.902 BELGIUM FRANC 38.950 38.640 38 .650 38 .640 38.390 CANADA DOLLAR 1.1725 1.1723 1 .1747 1 .1752 1 .1754 CHINA,P.R. YUAN 3 .7314 3 .7314 3 .7314 3 .7314 3 .7314 DENMARK KRONE 7.2320 7 .1675 7 .1715 7 .1900 7 .1335 FINLAND MARKKA 4 .2640 4 .2325 4 . 2 4 0 5 4 -2480 4 .2410 FRANCE FRANC 6 .3010 6 .2490 6 .2525 6 .2480 6 .2200 GERMANY D. MARK 1.8557 1.8390 1 .8409 1.8380 1.8300 GREECE DRACHMA 166.350 165.200 164.560 164.930 165.200 HONG KONG DOLLAR 7.8100 7.8085 7 .8080 7 .8090 7.8110 INDIA RUPEE 16.8200 16.7700 16.8100 16.8200 16.8500

*1RELAND POUND 143.50 144.50 144.40 144.10 144.60 ITALY LIRA 1360.50 1350.50 1349.75 1349.00 1348.00 JAPAN YEN 142.35 141.55 141.65 141.65 142.00 MALAYSIA RINGGIT 2.6950 2 .6925 2 .6920 2 .6940 2.6970 NETHERLANDS GUILDER 2.0957 2 .0772 2 .0790 2 .0750 2 .0661

*NEW ZEALAND DOLLAR 59 .000 58 .850 59 .200 59 .220 59 .250 NORWAY KRONE 6 .9320 6 .8825 6 .8805 6 .8950 6 .8805 PORTUGAL ESCUDO 158.850 157.800 157.280 157.630 157.250 SINGAPORE DOLLAR 1.9595 1.9580 1 .9570 1 .9610 1.9630 SOUTH AFRICA RAND 2.6600 2.6390 2 .6350 2 .6500 2.6450 SOUTH KOREA WON 674.10 674.20 674 .10 674.00 674.20 SPAIN PESETA 118.390 117.350 117.380 117.540 116.850 SRI LANKA RUPEE 40 .017 40 .017 40 .017 40 .018 40 .018 SWEDEN KRONA 6 .4505 6 .3995 6 .4005 6 .4020 6.3930 SWITZERLAND FRANC 1.6250 1.6120 1 .6120 1 .6090 1.6020 TAIWAN DOLLAR 25.770 2 5 . 7 9 1 NA 25.805 25.818 THAILAND BAHT 25.850 25.840 25.830 25.830 25.860

*UNITED KINGDOM POUND 159.35 160.60 160.88 161.20 157.50

MEMO: SUNITED STATES DOLLAR 98.53 97 .82 97 .86 97 .77 97 .83

SINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST 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 AUGUST 1978 FEDERAL RESERVE BULLETIN.

*VALUE I S U.S . CENTS


Date post:	06-Apr-2016
Category:	Documents
Upload:	fedfraser
View:	214 times
Download:	0 times

h13_19891030.pdf

Documents