(5/5) Selected Interest & Exchange Rates Weekly Series of Charts October 2, 995 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 2055
Table of Contents TABLES. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES CHARTS. SPOT EXCHANGE RATES INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE - LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES. EURO-DOLLAR DEPOSIT RATES. SELECTED EURO-DOLLAR AND. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 0. INDUSTRIAL STOCK INDICES SUBSCRIPTION RATES: Weekly $30.00 per year or $.0 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 Board of Governors of the Federal Reserve System in a form collectible at Par in U.S. currency.
nil ART SPOT EXCHANGE INDICES DOLLAR PRICES OP FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY NBfMfii* 20 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 00 BELGIAN FRANC M A ^ m s % 0 30 0 0 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 I I SW SS FRANC JAPANESE YEN U.K. POUND CANAD AN DOLLAR I I I I I I I I I I I I I I I DUTCH GUILDER GERMAN MARK FRENCH FRANC ITALIAN LIRA I I I I I ' I I I I I I I I I 993 995
2 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY U.K. POUND 2 CANADIAN DOLLAR JAPANESE YEN SWISS FRANC DUTCH GUILDER FRENCH FRANC ITALIAN LIRA I I ' I I I I i I I I I I I I 993 995 I I I I I I I I I I I 992 994
CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 420 I U.S. DOLLARS PER FINE OUNCE 420 2. Kg BARS AFTERNOON FIXING PRICE 400 400 30 30 30 30 340 340 320 ' ' ' I i l l i i I I L I I I I I I 99 992 993 994 995 320
CHART 4 CALL MONEY RATES WEEKLY SERIES 0 SWITZERLAND U.S. FEDERAL FUNDS JAPAN NETHERLANDS GERMANY FRANCE CANADA UN TED K NGDOM 993 995 993 995
CHARTS 3-MONTH INTEREST RATES WEEKLY SERIES 0 CANADIAN FINANCE PAPER 9 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING JAPANESE CD RATE FRENCH INTERBANK RATE GERMAN INTERBANK RATE SWISS INTERBANK ' I I I I I I I I I I ' 993 995 993 995
CHART EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM OVERNIGHT 3-MONTH 4 2 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 -DAY -MONTH 4 2 ' I I I» I I I I I ' I ' I I I I I I I I I I I I I I I -MONTH -YEAR 4 2 I I I I I I I I I I I I I I I 993 995 I I I I I» ' I I ' ' I I ' I 993
CHART 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 FEDERAL FUNDS DASHED LINE J I I I I! I I l I l I I i 90-DAY CD'S DASHED LINE J! I I I I L_J I I L_J I DIFFERENTIAL DIFFERENTIAL y " Lj" " L ugi'i-, /\-yutjwi ",y" I ' l l I I 993 995 J I I l I I I l I I I I I I I 993 995
CHART INTEREST ARBITRAGE: 3-MONTH FUNDS INTERBANK STERLING COVERED LONDON CANADIAN FINANCE CO. PAPER, COVERED URO-DOLLAR DEPOSITS DASHED LINE U.S. COMMERCIAL PAPER DASHED I ' ' ' ' ' ' ' I DIFFERENTIAL DIFFERENTIAL y'yw "iuvahy 'Vv^y % I I «I I I I I I I I INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 5 EURO-DOLLAR DEPOSITS ^ DASHED LINE EURO-DOLLAR DEPOSITS DASHED 3 I ' I I ' ' I I I DIFFERENTIAL DIFFERENTIAL "UA^IA/v/'VA I I I ' ' I ' ' ' ' I I I I I I I I \ I I 993 995 993 995
CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 RCENT PER ANNUM UNITED STATES UNITED KINGDOM PERCENT PER ANNl 0 9 5 0 CANADA FRANCE 0 9 9 SWITZERLAND I I I I I I I I I I I I I I I JAPAN 5 5 4 5 3 4 9 NETHERLANDS» ' I ' I GERMANY ' '» I 2 9 5 t I I I I I I I I I I I I I I 993 995 '» I ' I ' ' ' I I ' ' 993 995 5
RATIO SCALE -00 230 UNITED STATES CHART 0 STOCK INDICES WEEKLY SERIES UNITED KINGDOM RATIO SCALE 9-00 20 SWITZERLAND JAPAN GERMANY CANADA FRANCE NETHERLANDS l I I I I I I I I I 993 995 993 995
Chart. 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 93 base rates = 00 Belgian franc Canadian dollar French franc German mark Italian lira Japanese yen Netherlands guilder Swiss franc U.K. pound 30-Aug-95 -Sep-95 3-Sep-95 20-Sep-95 2-Sep-95 3.30 4.4 9.4.025 0.055.0300 0. 2. 54.4 3.302 4.502 9.59.00 0.05.02093 0.50 2.945 55.29 Weighted average exchange value indices, Mar. 93=00 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 2. 3-Month Forward Exchange Rate Canadian dollar French franc German mark Italian lira Japanese yen Netherlands guilder Swiss franc U.K. pound U.S. dollars per fine ounce Chart 4. Call Money Rates U.S. federal funds Overnight Euro-dollar deposits Canada France Germany Japan Netherlands Switzerland United Kingdom 3.295 4.3 9.42.2 0.09 0.9952 0.44 2. 54.94 3.249 3.332 9.5.45 0.0205 0.92 0.3 3.02 54.4 3.4042 4. 20.253 0.042 0.02.0009 2.52.029 5.24 30.30 30.32 29.0 29.05 34.4 4.2 4.25 4. 3.09 3..9 9.04.5.24 9.2 9.3 9.52 90.52 9.4 9.03 35.33 35.34 35.54 35. 35. 29.0 2.3 2.44 253.09 22.2 4.30 4.40 3.53 2.2 9.0 25. 2.4 25.9 2.0 29.9 2.59 2. 2. 2.3 3.0.44.4.3.4.49 3. 3.3 3. 3.3 2.5.5.2.4...5.3.04.33 9.95 2.34 2.35 2.4 2.9 2.2 25.39 22.9 25.43 249. 253.4 59.25 59.3 59. 59.3 2.25 52.52 52.2 53.99 54.32 54.20 24.4 242.5 242.4 245.3 25.5 52.9 52.40 52.49 52.9 52.39 5.9 5..22. 4.44 Premium or Discount -0.5-0.55-0.0 -.3-0,.2-0.03-0.0 0.04-0.02-0,.39.5.2.5.3,.9-4.29-4.3-4.23-4.29-4.59, 5.20 5.3 5.44 5.43 5..5.9.90.92.9 2..0 2.99 3.02 2.9 2.9 3..32-0. -0.4-0.9-0. -0..9 Fixing 32.94 30.0 32.9 34,.9 33,,44 39.93 39.93 40.25 40,.45 4. 02 5.9 5,.9 5. 3.2.22.3,.3. 4 5. 5.0 5.5 5..50 5. 4.9 4.24 4. 4.0 4.00 0.4 0. 0. 0..45 0. 45 3.9 3. 3.5 3,.90 3. 9 3.3 2. 3.0 2..99 2. 3.59.25.... 0
Chert I. 3-Month interest Rates U.I. 0-day CD's, secondary market Canadian finance paper French interbank rate German interbank rate Japanese CD rate ^, Netherlands interbank rate Swiss interbank rate j U.K. interbank sterling j Weighted average foreign interest rate (G-0 Countries) Chart. sure-dollar Deposit Rates Overnight -day l-month 3-month -month -year Chart. 30-Aug-li = S@P =I 3 =!@p =SI 20 = S@p=ll =Sep=!l SSSBSESSSSSES 3 55 S..4 5.0 4. 0.2 3.92 2.4.3 5.0 5.4 5. 5. 5.0 5. s s s s s s s s 5..44 4. 0. 3.9 2..9 5.0 Selected Euro-dollar U.S. Money 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. 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 39.93-34.2 5. 5. 0.0 5. 5.4-0.0 5.0 5. -0.0 5. 5. -0.0 5. 5.5-0.09 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 Indices (Wednesday figures) Canada France Germany Japan Netherlands Switzerland United Kingdom United States 5.4 5. 5. 5. 5.9 39.93-34.20 5. 5. 0.02 5. 5.4-0.0 5. 5. -0. 5. 5.2-0.04 5. 5.0-0.02 s e s s s - s s s s - a s.54 5. 4.3 0.5 3. 2.0.4 5.03 5.9 5. 5.5 5.5 5. 5. 5.9 40.25-34.5 5.5 0.02 5.5 5.94-0.9 5.4 0.0 5.5 5.9-0.04 5.5 5. -0.03 5.9.95 5.9 4.09 0.50 3.4 2..2 5.04 5.9 5.0 5.0 5.0 5.9 5.9 5.9 40.45-34. 5.0 5.9 0.00 5.0 5.4-0.4 5.0 5.0-0.0 5.0 5.4-0.04 5.0 5. -0.0.0. 4.02 0.50 3.2 2.4.9 5.0 5.5 5.2 5.2 5.5 4.02-35.29 5.2-0.0 5.b -0.0 5.2 5. -0.4 5.2 5.3-0. 5.2 5.0-0.0.0.94.0.95..33.35.33.24.44.9..2.49.55 3.3 3.9 3.2 2.95 2.2 4.45 4.4 4.34 4.30 4.2.2..0.49.5.05.9.5.0.9.3.2.2.2.2 5.00 4.3 23.3 0.5 3. 244.93 204.0 22.5 52.3 4.2 25.05 0.22.22 24.9 20.9 225.24 52.5 4.3 25.3.0.9 249.93 20.5 22. 5.4 45.2 2.0 09..23 249.2 204.9 23.0 49.9 4.0 20.9 09.3 5.3 245. 200.5 22. Indices (in order, rebased to 9-00) are Toronto Composite, CAC General spliced to SBF250 at 22dec93, FAZ Aktien, Tokyo SE (Topix), CBS All-General, Swiss Bank Index, Financial Times Ordinary, NYSE Composite
FEDERAL RESERVE statistical release H.0(52) FOREIGN EXCHANGE RATES September 29, 995 FOR THE WEEK ENDING SEPTEMBER 29, 995 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 "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 "IRELAND POUND ITALY LIRA JAPAN YEN MALAYSIA RINGGIT MEXICO PESO NETHERLANDS GUILDER "NEW 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 MEMO: *«UNITED STATES DOLLAR VALUE IS U.S. DOLLARS Sep. 25 0.493 0.04 29.40.344.3394 5.5525.29 4.3440 4.940.42 232..35 34.000.035 2.5 99. 2.5240.3900.004 0.03.290 50.02.443 3.550 9.30 24.20 52.50.9950.495 2.30 25.20.55 4.4 (CURRENCY UNITS PER DOLLAR) Sep. 2 Sep. 2 Sep. 2 0.44 0.04 29.30.340.3392 5.530.30 4.390 4.9520.43 23.52.35 33.920.030 593.5 00.3 2.525.350.599 0.54.200 49..4420 3.555.90 22.0 52.00.95.20 2.340 25.30.50 4.4 0.45 0.043 29.30.3495.3390 5.535.299 4.3430 4.90.42 23.94.323 33.90.00 04.5 00. 2.5.3950.59 0.559.290 49.49.4295 3.40.40 23.0 53.000.040.520 2.240 25.0.522 4.4 0.525 0.00 29.20.350.339 5.520.309 4.25 4.905.429 23.0.330 33.990.50 09.25 99.3 2.50.4400.5924 0.550.20 49.20.423 3.40.50 23.220 53.00.90.40 2.240 25.00.505 4. Sep. 29 0.555 0.059 29.40.3445.335 5.5445.2955 4.2935 4.9250.4295 233..320 33.940.20 5.5 99.0 2.520.350.009 0.50.240 50.5.4230 3.505.30 23.0 52.900.935.50 2.00 25.00.595 4.30