Selected Interest & Exchange Rates

Transcription

1 (5/57) Selected nterest & Exchange Rates Weekly Series of Charts June,99 Prepared by the FNANCAL MARKETS SECTON DVSON OF NTERNATONAL FNANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DtC. 055

2 Table of Contents TABLES. LATEST FGURES PLOTTED. DALY CERTFED SPOT EXCHANGE RATES H.0 RELEASE CHARTS SUBSCRPTON RATES: Weekly $30.00 per year or $.70 each in the United States, its possessions, Canada, and Mexico. Elsewhere. $35.00 per year or $.0 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 collect-. SPOT EXCHANGE RATE NDCES ible at Par in U.S. Currency.. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRCE LONDON. CALL MONEY RATES 5. 3-MONTH NTEREST RATES. EURO-DOLLAR DEPOST RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES. NTEREST ARBTRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YELDS 0. NDUSTRAL STOCK NDCES

3 CHART SPOT EXCHANGE NDCES DOLLAR PRCES OF FOREGN CURRENCES AND WEGHTED AVERAGE VALUES (THN LNE) AVERAGES FOR WEEK ENDNG WEDNESDAY RATO SCALE MARCH 973=00 0 FOREGN CURRENCY PRCE OF U.S. DOLLAR RATO SCALE MARCH 973= BELGAN FRANC 95 5 i i i i i i i i i _L_ J SWSS FRANC JAPANESE YEN 0 0 i i i i i i i i i i i U.K. POUND i i i i ' i i i i i i i CANADAN DOLLAR » i i» i i i i i i i i DUTCH GULDER GERMAN MARK i i i i i» i i i i i i i i i i i i i i i FRENCH FRANC TALAN LRA 35 ' i ' ' 99 5

4 b GERMAN MARK + 0 CHART 3-MONTH FORWARD EXCHANGE RATES PREMUM M OR (-) AVERAGES FOR WEEK ENDNG WEDNESDAY U.K. POUND ' l l i i l i i m m CANADAN DOLLAR JAPANESE YEN ry i i i i i i i i i i i i i i i i ' i i» i i SWSS FRANC DUTCH GULDER r V. / + 0 FRENCH FRANC l TALAN LRA 0»» ' i i 99» i ' i i i i

5 CHART 3 PRCE OF GOLD N LONDON AVERAGES FOR WEEK ENDNG WEDNESDAY U.S. DOLLARS PER FNE OUNCE 0 U.S. DOLLARS PER FNE OUNCE 0.5 Kg BARS AFTERNOON FXNG PRCE

6 CHART CALL MONEY RATES WEEKLY SERES DENT PER ANNUM PERCENT PER AN 0 SWTZERLAND U.S. FEDERAL FUNDS JAPAN GERMANY 7 NETHERLANDS FRANCE CANADA 0 0 UNTED KNGDOM ' ' ' l ' i i

7 CHART 5 3-MONTH NTEREST RATES WEEKLY SERES 3 WEGHTED AVERAGE FOREGN RATE CANADAN FNANCE PAPER U.S. CD'S ' ' U.K. NTERBANK STERLNG NETHERLANDS NTERBANK RATE ' ' > ' 3 7 JAPANESE CD RATE 5 FRENCH NTERBANK RATE 3 0 ' ' ' l i ' i i i ' 0 SWSS NTERBANK GERMAN NTERBANK RATE l i ' ' i ' i i i ' '» i i ' '

8 CHART EURO-DOLLAR DEPOST RATES LONDON AVERAGES FOR WEEK ENDNG WEDNESDAY 0 CENT PER ANNUM PERCENT PER AN OVERNGHT 3-MONTH 0 i i i i i i i i i i i i i i ' i ' 7-DAY -MONTH 0» ' ' ' ' -MONTH -YEAR» l ' i i» ' l '» i i i i 99 99

9 0 CHART 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES DFFERENTAL: PLUS(+), FAVORS BORROWNG N U.S. AVERAGES FOR WEEK ENDNG WEDNESDAY 0 OVERNGHT EURO-DOLLAR DEPOSTS 3-MONTH EURO-DOLLAR DEPOSTS FEDERAL FUN DASHED LNE 90-DAY CD'S DASHED LNE J L J L J l L DFFERENTAL DFFERENTAL J_J L J L i i i» i L

10 CHART NTEREST ARBTRAGE: 3-MONTH FUNDS DFFERENTAL: PLUS(+), NDCATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDNG WEDNESDAY NTERBANK STERLNG COVERED LONDON CANADAN FNANCE CO. PAPER. COVERED EURO-DOLLAR DEPOSTS DASHED LNE ' i i > i» ' i i i i i i U.S. COMMERCAL PAPER DASHED LNE DFFERENTAL DFFERENTAL NTERBANK DM COVERED FRANKFURT SWSS NTERBANK (SF) COVERED EURO-DOLLAR DEPOSTS* DASHED LNE EURO-DOLLAR DEP DASHED LNE DFFERENTAL DFFERENTAL ' ' ' ' ' ' ' ' «99 99

11 CHART 9 LONG-TERM GOVERNMENT BOND YELDS WEEKLY SERES UNTED STATES UNTED KNGDOM CANADA FRANCE SWTZERLAND JAPAN NETHERLANDS GERMANY

12 RATO SCALE 9=00 0 UNTED STATES CHART 0 STOCK NDCES WEEKLY SERES UNTED KNGDOM RATO SCALE 9= i ' i i i»' i i i i SWTZERLAND i i i i i i i i i i i i JAPAN i i i i i i i i i i GERMANY ' '»» CANADA ' ' ' ' ' ' i i ' ' ' i i i 90 FRANCE NETHERLANDS

13 -May-9 -May-9 -May-9 5-May-9 l-jun-9 Chart. Spot Exchange Rates and ndices Noon buying rates (U.S. cents, weekly averages) Belgian franc Canadian dollar French franc German mark talian lira Japanese yen Netherlands guilder Swiss franc U.K. pound ndices, March 973 base rates : = 00 Belgian franc Canadian dollar French franc German mark talian lira Japanese yen Netherlands guilder Swiss franc U.K. pound Weighted average exchange value indices i, Mar. : 973=00 Belgian franc Canadian dollar French franc German mark talian lira Japanese yen Netherlands guilder Swedish krona Swiss franc U.K. pound U.S. dollar Chart. 3-Month Forward Exchange Rates, Premium or Discount Canadian dollar French franc German mark talian lira Japanese yen Netherlands guilder Swiss franc U.K. pound Chart 3. Gold Price in London, Afternoon Fixing U.S. dollars per fine ounce Chart. Call Money Rates U.S. federal funds Overnight Euro-dollar deposits Canada France Germany Japan Netherlands Switzerland United Kingdom

14 May-9 -May -9 -May-9 5-May-9 -Jun-9 Chart 5. 3-Month nterest 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-0 Countries)...., , , , Chart. Overnight 7-day -month 3-month -month -year Euro-Dollar Deposit Rates , , , Chart 7. Selected Euro-dollar & U.S. Money Market Rates Overnight Euro-dollar deposits 3. 3., U.S. federal funds ,70.0.,. Differential month Euro-dollar deposit..0.3.,.50 U.S. 90-day CD's, secondary market....,.5 Differential Chart. nterest Arbitrage, 3-Month Funds Euro-dollar deposit nterbank sterling (London), covered , Differential U.S. commercial paper , Canadian finance paper, covered , Differential Euro-dollar deposit., , nterbank DM (Frankfurt), covered Differential ,.0 Euro-dollar deposit..0.3,..50 Swiss interbank, covered.3.,.59,.3.3 Differential , Chart 9. Long Term Government Bellwether Bond Yields 0-year maturity, where available Canada France , Germany Japan , Switzerland Netherlands , United Kingdom United States , Chart 0. Stock ndices (Wednesday figures) Canada. 3, France,.33 9, ,.0 57,.9 Germany 7,.95 7,.03. 3,.33 0,.09 Japan 0,.9 3,. 3. 5,.39,.0 Netherlands 50,.3 5, ,.,.55 Switzerland., ,.73.3 United Kingdom 9,.5 93, United States,.33 79, ndices (in order, rebased to 9=00) are Toronto Composite, CAC General spliced to SBF50 at dec9, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank ndex, Financial Times Ordinary, NYSE Composite

15 oolgowt-. FEDERAL RESERVE statistical release H.0(5) FOREGN EXCHANGE RATES June, 99 FOR THE WEEK ENDNG JUNE 3, 99 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. MONETARY (CURRENCY UNTS PER DOLLAR) COUNTRY UNT May. 30 May. 3 Jun. Jun. Jun. 3 ^AUSTRALA DOLLAR AUSTRA SCHLLNG BELGUM FRANC CANADA DOLLAR CHNA,P.R. YUAN DENMARK KRONE *EURO COMMUNTY ECU H FNLAND MARKKA FRANCE FRANC GERMANY D. MARK O GREECE DRACHMA HONG KONG DOLLAR NDA RUPEE L ^RELAND POUND TALY LRA JAPAN YEN MALAYSA RNGGT MEXCO PESO NETHERLANDS GULDER D *NEW ZEALAND DOLLAR NORWAY KRONE PORTUGAL ESCUDO A SNGAPORE DOLLAR SOUTH AFRCA RAND SOUTH KOREA WON Y SPAN PESETA SR LANKA RUPEE SWEDEN KRONA SWTZERLAND FRANC TAWAN DOLLAR THALAND BAHT *UNTED KNGDOM POUND MEMO: **UNTED STATES DOLLAR *VALUE S U.S. DOLLARS **NDEX OF WEGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGANST CURRENCES OF OTHER G-0 COUNTRES. MARCH 973 = 00. WEGHTS ARE 97-7 GLOBAL TRADE OF EACH OF THE 0 COUNTRES. SERES REVSED AS OF AUGUST 97. FOR DESCRPTON AND BACK DATA, SEE "NDEX OF THE WEGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVSON" ON PAGE 700 OF THE AUGUST 97 FEDERAL RESERVE BULLETN. THS RELEASE S AVALABLE ONLNE THROUGH THE FACLTES OF THE DEPARTMENT OF COMMERCE'S ECONOMC BULLETN BOARD. FOR NFORMATON, CALL (0) -9. FOR NFORMATON ABOUT YOUR SUBSCRPTON TO THS RELEASE OR ABOUT RECEVNG T N DOCUMENT FORM, PLEASE CALL PUBLCATONS SERVCES AT THE FEDERAL RESERVE BOARD AT (0) 5-3.