Selected Interest & Exchange Rates

Transcription

1 (51/517) Selected Interest & Exchange Rates Weekly Series of Charts September 7,1993 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DC. 0551

2 Table of Contents TABLES 1. LATEST FIGURES PLOTTED. DAILY CERTIFIED SPOT EXCHANGE RATES H. RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES. 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. INDUSTRIAL STOCK INDICES SUBSCRIPTION RATES: Weekly $30.00 per year or $.70 each in the United States, Its possessions, Canada, and Mexico. Elsewhere. $35.00 per year or $.80 each. Address requests to Publications Services Division of Support 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.

3 CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR RATIO SCALE MARCH 1973=0 140 BELGIAN FRANC 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 JAPANESE YEN SWISS FRANC ' i ' I i i i l i i i l i i i i I i i i I i i i I i i i U.K. POUND CANADIAN DOLLAR i i I i i i I ' i i I i ' DUTCH GUILDER i l i i i l i i i l i i GERMAN MARK i i \ i r ' i i i i i i ' i FRENCH FRANC ITALIAN LIRA I I 1 1 1» I

4 CHART 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR B AVERAGES FOR WEEK ENDING WEDNESDAY U.K. POUND CANADIAN DOLLAR JAPANESE YEN i i i I ' i i I ' ' ' i ' I i I i i 1 i i i SWISS FRANC DUTCH GUILDER V ws \ J FRENCH FRANC ^A/\a / r I i i i 1 i i i 1 i i i 1 i ITALIAN LIRA /V V i i i 1 i i i 1 M i l l JT*

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE Kg BARS AFTERNOON FIXING PRICE J 1 I I I I I I I I i i i

6 CHART4 CALL MONEY RATES WEEKLY SERIES 1 U.S. FEDERAL FUNDS FRANCE JAPAN GERMANY NETHERLANDS UNITED KINGDOM CANADA SWITZERLAND

7 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES 1 WEIGHTED AVERAGE FOREIGN RATE 15 CANADIAN FINANCE PAPER U.S. CD'S U.K. INTERBANK STERLING NETHERLANDS INTERBANK RATE JAPANESE CD RATE FRENCH INTERBANK RATE SWISS INTERBANK GERMAN INTERBANK RATE

8 CHART EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY OVERNIGHT 3-MONTH 7-DAY -MONTH 1-MONTH 1-YEAR

9 # e # # e # # # CHART 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U.S. AVERAGES FOR WEEK ENDING WEDNESDAY OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS 4 FEDERAL FUNDS DASHED LINE 90-DAY CD'S DASHED LINE J I I I I I I I I i i I i i ' J I I I I I I I I» i I i i i DIFFERENTIAL DIFFERENTIAL W-wVyryr I " 'v v v' I I I I i i i i i i i i i i i J I L 1990 J i I i i i I i i 199

10 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY =tcent PER ANNUM PERCENT PER ANN I 8 INTERBANK STERLING COVERED LONDON CANADIAN FINANCE CO. PAPER, COVERED 4 EURO-DOLLAR DEPOSITS' DASHED LINE U.S. COMMERCIAL PAPER DASHED LINE 0 i ' ' I ' ' ' I ' ' i I» i ' 1 1 ' I 1 ' ' I ' 1 i I ' DIFFERENTIAL DIFFERENTIAL + 0 I ' I I I ' ' I I I I I I 1 1 I» ' i I ' ' ' 8 INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 4 EURO-DOLLAR DEPOSITS DASHED LINE EURO-DOLLAR DEPOSITS DASHED LINE I I I I I I I I I I I I I I I DIFFERENTIAL I ' ' I I I I 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

11 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES UNITED STATES UNITED KINGDOM CANADA FRANCE SWITZERLAND JAPAN NETHERLANDS GERMANY

12 RATIO SCALE 198=0 30 UNITED STATES CHART STOCK INDICES WEEKLY SERIES UNITED KINGDOM RATIO SCALE 198=0 30 SWITZERLAND JAPAN GERMANY FRANCE I I I I I I I I I I I I I I I CANADA NETHERLANDS

13 5-Aug-93 l-sep-93 8-Sep Sep-93 -Sep-93 Chart 1. Spot Exchange Rates and Indices Noon buying rates (U.S. cents, weekly averages) Belgian franc Canadian dollar French franc German mark Italian lira Japanese yen Netherlands guilder Swiss franc U.K. pound Indices, March 1973 base rates 0 Belgian franc ,.90 Canadian dollar ,.59 French franc , ,.91 German mark 1,.94 18, , , Italian lira 35, , Japanese yen , Netherlands guilder Swiss franc , U.K. pound 0, Weighted average exchange value indices, Mar. 1973=0 Belgian franc Canadian dollar French franc German mark Italian lira Japanese yen Netherlands guilder Swedish krona Swiss franc U.K. pound U.S. dollar Chart. Canadian dollar French franc German mark Italian lira Japanese yen Netherlands guilder Swiss franc U.K. pound Chart 3. 3-Month Forward Exchange Rate Gold Price in London, Afternoon Fixing U.S. dollars per fine ounce Chart 4. Call Money Rates Premium or Discount , ,.14-3,.13-1, ,.0-1, , -.71, ,.55 U.S. federal funds Overnight Euro-dollar deposits Canada France Germany Japan Netherlands Switzerland United Kingdom., , ,13.88,.91.,89 3., , ,

14 ug Sep-93 8-Sep Sep- 93 -Sep- 93 Ch c 5. 3-Month Interest Rates U.S. 90-day CD's, secondary market Canadian finance paper French interbank rate German interbank rate Japanese CD rate Netherlands interbank rate Swiss interbank rate U.K. interbank sterling Weighted average foreign interest rate (G- Countries) , ,.35., , , , Chart. Overnight 7-day 1-month 3-month -month 1-year Chart 7. Euro-Dollar Deposit Rates Selected Euro-dollar & U.S. Mone] Market Rates Overnight Euro-dollar deposits U.S. federal funds Differential 3-month Euro-dollar deposit U.S. 90-day CD's, secondary market Differential Chart 8. Interest Arbitrage, 3-Month Funds Euro-dollar deposit Interbank sterling (London), covered Differential U.S. commercial paper Canadian finance paper, covered Differential Euro-dollar deposit Interbank DM (Frankfurt), covered Differential Euro-dollar deposit Swiss interbank, covered Differential Chart 9, -year maturity, where available ,00., , , , , , , , , , , , , 3.1, , , >nd Yields Canada France Germany Japan Switzerland Netherlands United Kingdom United States Chart. Stock Indices (Wednesday figures) Canada , ,.3 131,.79 France , , ,.9 Germany , ,.91 9,.00 Japan , ,.0 13,.11 Netherlands , , ,.44 Switzerland , ,.0 183,.88 United Kingdom 185, , , ,.70 United States 187, , ,.95 18,.19 Indices (in order, rebased to 198=0) are Toronto Composite, CAC General, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite

15 FEDERAL RESERVE statistical release. ;sssfc-. H.(51) FOREIGN EXCHANGE RATES September 4, 1993 FOR THE WEEK ENDING SEPTEMBER 4, 1993 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 (CURRENCY UNITS PER DOLLAR) UNIT Sep. 0 Sep. 1 Sep. Sep. 3 Sep. 4 {(AUSTRALIA DOLLAR AUSTRIA SCHILLING BELGIUM FRANC CANADA DOLLAR CHINA,P.R. YUAN DENMARK KRONE *EURO COMMUNITY ECU FINLAND MARKKA FRANCE FRANC GERMANY D. MARK GREECE DRACHMA HONG KONG DOLLAR INDIA RUPEE xlreland POUND ITALY LIRA JAPAN YEN MALAYSIA RINGGIT NETHERLANDS GUILDER KNEW ZEALAND DOLLAR NORWAY KRONE PORTUGAL ESCUDO SINGAPORE DOLLAR SOUTH AFRICA RAND SOUTH KOREA WON SPAIN PESETA SRI LANKA RUPEE SWEDEN KRONA SWITZERLAND FRANC TAIWAN DOLLAR THAILAND BAHT *UNITED KINGDOM POUND MEMO: "(UNITED STATES DOLLAR VALUE IS U.S. DOLLARS **INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G- COUNTRIES. MARCH 1973 = 0. WEIGHTS ARE GLOBAL TRADE OF EACH OF THE COUNTRIES. SERIES REVISED AS OF AUGUST 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. THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL (0) FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (0)