Selected Interest & Exchange Rates

Transcription

1 (516/517) *4%, f f l f L ; B R A m ' '**1 JRN Selected Interest & Exchange Rates Weekly Series of Charts December 31, 1984 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C

2 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3MONTH FORWARD EXCHANGE RATES 3. dold PRICELONDON 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, Division 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. 4. CALL MONEY RATES 5. 3MONTH INTEREST RATES 6. EURODOLLAR DEPOSIT RATES 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3MONTH FUNDS 9. LONGTERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES

3 RATIO SCALE MARCH 1973=100 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=100 FOREIGN CURRENCY PRICE OF U.S.DOLLAR JAPANESE YEN CANADIAN DOLLAR SWISS FRANC I I I I I I 11IIIhill i I I I I I I I I I I I I I I I I 160 GERMAN MARK v r I r DUTCH i GUILDER 100 J V/ V 80 ~i 11 I I I iilnliilii lllllllllll ~i i i I I I 120 " U.K.POUND FRENCH FRANC V^yv yw I I I I I I I iilnliilii lllllllllll BELGIAN FRANC 100 I I I lllllllllll lllllllllll ITALIAN LIRA v/^a I I I lllllllllll iy v \ I I I I I I iilnliilii 25

4 CHART 2 3MONTH FORWARD EXCHANGE RATES PREMIUM (+)OR () AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR ITALIAN LIRA 24 I I I I I I IIIMIKIM 24 U.K.POUND \r^\ DUTCH GUILDEf 6 ~ 9 12 J A Z Y IA GERMAN MARK r W V x v / X _ J i i I I I <<I<<I<<I<, SWISS FRANC 6 15 I I I i i i I I I FRENCH FRANC JAPANESE YEN Digitized for FRASER

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 600 U.S. DOLLARS PER FINE OUNCE Kg BARS AFTERNOON FIXING PRICE

6 CHART 4 CALL MONEY RATES WEEKLY SERIES V U.S. FEDERAL FUNDS 20 \ A FRANCE ^ 12 I ^ I 8 8 JAPAN 4 4 lllllllllll I I I iilnliiln I I I I j 0 24 CANADA 20 EUROSWISS FRANC U. K. 2DAY LOCAL AUTHORITY GERMANY 12 I EURODM * I I I I iihiliilii

7 CHART 5 3MONTH INTEREST RATES WEEKLY SERIES U.S. CD'S CANADIAN FINANCE CO PAPER WEIGHTED AVERAGE FOREIGN RATE 20 # U.K.INTERBANK STERLING 16 i GERMAN INTERBANK RATE e \a 12 \ A # * 8 I I l I I I I I I I I I I I I I I I I I I I 11 I SWISS INTERBANK RATE # 9 I JAPANESE BANK LOANS AND DISCOUNTS IV # 7 S 5 I I I I I I, I I I I I I I

8 CHART 6 EURODOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY OVERNIGHT 3MONTH 7DAY 6MONTH 1MONTH 1YEAR

9 CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL:PLUS(+), FAVORS BORROWING IN U.S. AVERAGES FOR WEEK ENDING WEDNESDAY FEDERAL FUNDS 3MONTH EURODOLLAR DEPOSITS OVERNIGHT EURODOLLAR DEPOSITS V I 90DAY CD'S V 10 J I I I I I I i i11 iiiiiiiiii 11 i11 ii m I I IIIIII DIFFERENTIAL DIFFERENTIAL I 1IIIIIII IIIIII I IIIIIIIII PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE I I I I I I I IIIIIIIIII II IIIIIIIII

10 CHART 8 INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL:FLUSH,INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY EURODOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO.PAPER, COVERED INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER 4 2 DIFFERENTIAL DIFFERENTIAL a / v / 1 r f /Vy Wvf /Z 2 I I I ~i i i INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF)COVERED EURODOLLAR DEPOSITS DASHED LINE i h EURODOLLAR DEPOSITS^ DASHED LINE kax 12 iiii iiliihill i 4 DIFFERENTIAL DIFFERENTIAL 2 A^VA/. 1. I " r ~ A V l xvwwyazv / PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE l i 1 I I I

11 CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA UNITED STATES 15 " UNITED KINGDOM SWITZERLAND 11 «J # I I I I I I I I I I I I I I I I I 13 MONTHLY I I I I I I I I I I I I I I 1 I I I 13 JAPAN GERMANY 9 5 I I I I I I I I I 22 U.S. CORPORATE MONTHLY 18 Aaa BONDS FRANCE NETHERLANDS MONTHLY JILL Mill

12 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969= RATIO SCALE 1969= UNITED STATES JAPAN p V rj V v W _/\ i i i I i n UNITED KINGDOM / V V Z FRANCE, 130 k A /Y\ z , IA/ l l I I 7 0 # GERMANY SWITZERLAND * 110 I I I NETHERLANDS CANADA \ l I l lllllllllll

13 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK DEC JAPANESE YEN DEC DUTCH GUILDER DEC U.K. POUND DEC CANADIAN DOLLAR DEC FRENCH FRANC DEC SWISS FRANC DEC BELGIAN FRANC DEC ITALIAN LIRA DEC SWEDISH KRONA DEC INDICES, MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 (G10 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC CHART 2. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR DEC U.K. POUND DEC GERMAN MARK DEC FRENCH FRANC DEC SWISS FRANC DEC DUTCH GUILDER DEC JAPANESE YEN DEC ITALIAN LIRA DEC

14 SEBIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE DEC CALL MONEY RATES U.S. FEDERAL FUNDS DEC OVERNIGHT EURODOLLAR DEPOSITS DEC U.K. DEC CANADA NOV GERMANY DEC EURODM DEC JAPAN DEC FRANCE DEC NETHERLANDS JAN EUROSWISS FRANC DEC CHART 5. 3MONTH INTEREST RATES U.S. 90DAY CD'S, SECONDARY MARKET DEC GERMAN INTERBANK LOAN DEC JAPANESE BANK LOANS S DISCOUNTS DEC CANADIAN FINANCE PAPER DEC INTERBANK STERLING DEC SWISS INTERBANK LOAN DEC WEIGHTED AVERAGE FOREIGN INTEREST RATE DEC (G10 COUNTRIES PLUS SWITZERLAND) CHART 6. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT DEC DAY DEC MONTH DEC MONTH DEC MONTH DEC YEAR DEC SELECTED EURODOLLAR AND U.S. MONEY MARKET BATES OVERNIGHT EORODOLLAB DEPOSITS DEC U.S. FEDERAL FUNDS DEC DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS DEC MONTH EURODOLLAR DEPOSIT RATE DEC U.S. 90DAY CD'S, SECONDARY MARKET DEC DIFFERENTIAL DEC

15 LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART 8. INTEREST ARBITRAGE, 3MONTH FUNDS EURODOLLAR DEPOSIT DEC INTERBANK STERLING (LONDON), COVERED DEC ,71 DIFFERENTIAL DEC , 10 U.S. COMMERCIAL PAPER DEC CANADIAN FINANCE PAPER, COVERED DEC DIFFERENTIAL DEC i 66 EURODOLLAR DEPOSIT DEC INTERBANK DM (FRANKFURT), COVERED DEC. 26 8«92 DIFFERENTIAL DEC EURODOLLAR DEPOSIT DEC SWISS INTERBANK, COVERED DEC DIFFERENTIAL DEC CHART 9. LONG TEKti GOVERMENT BOND YIELDS UNITED STATES DEC GERMANY D?C JAPAN (MONTHLY) OCT SWITZERLAND NOV CANADA NOV FRANCE OCT NETHERLANDS (MONTHLY) AUG UNITED KINGDOM DEC CORPORATE AAA BONDS NOV EURODOLLAR BONDS NOV CHART 10. STOCK INDICES UNITED STATES DEC UNITED KINGDOM DEC CANADA DEC GERMANY DEC SWITZERLAND DEC NETHERLANDS DEC FRANCE DEC JAPAN DEC

16 FEDERAL RESERVE statistical release H10(512) DECEMBER 31, 1984 FOREIGN EXCHANGE RATES FOB THE SEEK ENDING DECEMBER 28, 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 rates in Hew York City for cabfte transfers payable in foreign currencies: COUNTRY MONETARY (CURRENCY UNI1 rs PER DOLLAR) UNIT DEC. 24 DEC, 25 DEC. 26 DEC, 27 DEC. 28 AUSTRALIA DOLLAR 83, , AUSTRIA SCHILLING 21,945 21,975 22,145 22«055 BELGIUM FRANC 62,650 62, BRAZIL CRUZEIRO , CANADA DOLLAR ,3206 1,3207 CHINA,P.R. YUAN 2, DENMARK KRONE 11, FINLAND MARKKA 6, , FRANCE FRANC GERMANY D, MABK ,1260 3, GREECE DRACHMA HONG KONG DOLLAR 7,8275 7, INDIA RUPEE 12,3200 H IRELAND POUND 99, ISRAEL SHEKEL NA NA NA NA ITALY LIRA 1926,00 O 1924, ,00 JAPAN YEN 248, MALAYSIA RINGGIT 2, , MEXICO PESO L 225, NETHERLANDS GUILDER 3, ,5600 3,5470 NEW ZEALAND DOLLAR 48,000 47,900 47, NORWAY KRONE 9,0400 I 9,0500 9, PHILIPPINES PESO HA NA NA MA PORTUGAL ESCUDO 168, , , SINGAPORE DOLLAR 2,1760 D 2, SOUTH AFRICA RAND ,00 50,50 50,50 SOUTH KOREA SON 827,10 827,10 828,10 829,10 SPAIN PESETA A 172, , ,600 SRI LANKA RUPEE 26, , SWEDEN KRONA 8,9250 8,9350 8, SWITZERLAND FRANC 2,5700 Y , TAIWAN DOLLAR 39, , THAILAND 3AHT 27,100 27,100 27, UNITED KINGDOM POUND 117,30 117,10 116,25 116,30 VENEZUELA BOLIVAR NA NA MA NA MEMO: UNITED STATES DOLLAR 149,99 150, ,91 INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G11 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARE GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTEDAVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. VALUE IS U.S. CENTS