h13_19890918.pdf

16
(516/517) Selected Interest & Exchange Rates Weekly Series of Charts September 18,1989 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DC. 20551 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Transcript of h13_19890918.pdf

  • (516/517)

    Selected Interest & Exchange Rates Weekly Series of Charts

    September 18,1989

    Prepared by the FINANCIAL MARKETS SECTION

    DIVISION OF INTERNATIONAL FINANCE

    BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, DC. 20551

    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 PRICELONDON

    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

    10. INDUSTRIAL STOCK INDICES

    SUBSCRIPTION RATES:

    Weekly $24.00 per year or $.60 e a c h in the United Sta tes , its p o s s e s s i o n s , Canada, and Mexico; 10 or more of the s a m e i s s u e to o n e address , $22.50 per year or $.55 each . Elsewhere, $30.00 per year or S.70 e a c h . Address r e q u e s t s to Publ icat ions Services . Division of Administrative Services , and make pay-m e n t remit tance payable to the order of the Board of Governors of the Federal Reserve S y s t e m in a form co l l ec t ib le at par in U.S. Currency.

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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    CHART 1

    S P O T EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)

    AVERAGES FOR WEEK ENDING WEDNESDAY

    SCALE 11973*100

    FOREIGN CURRENCY PRICE OF U.S. DOLLAR

    SW SS FRANC

    U.K. POUND

    DUTCH GUILDER GERMAN MARK

    RATIOS MARCH 197:

    __ BELG AN FRANC

    - JAPANESE YEN

    I I I I I I

    CANADIAN DOLLAR

    1 1 j 1 1 1 1

    ITALIAN LIRA

    FRENCH FRANC - I

    * ' -

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

    i i t

    i i l i i l i i l i i

    1987 1989 1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • CHART2

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    PERCENT PER ANNUM 4

    CANADIAN DOLLAR

    V " - "

    I I I

    / V

    I I I

    s x . _

    GERMAN MARK

    v A -

    I I I I I I I l l l l l l l l l l M i n i , , I n

    SWI

    v~ S S FRANC

    V I I I I I I i i i n i i i i i i

    FRENCH FRANC

    1 I II ill I III III

    PERCENT PER ANNUM 4

    + 0

    U. K. POUND

    A , 111 l I I A* X-

    JAP ANESEYEN

    V I I I I I I i l l l l l l l l l l

    DUTCH GUILDER

    -

    I I I I I I

    8

    8

    4

    8

    + 0

    ITALIAN LIRA

    j 1 1 1 1 1 1 1 1

    1987 1989 1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • U.S.

    520

    500

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    380

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    520

    500

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    460

    440

    420

    400

    3 8 0

    360

    3 4 0

    3 2 0

    300

    CHART 3

    PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

    LLARS PER FINE OUNCE U.S. DOLLARS PER FINE 01

    12.5 Kg BARS AFTERNOON FIXING PRICE

    I I I I I I I I I

    1986 1987 1988 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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    CHART4

    CALL MONEY RATES WEEKLY SERIES

    ;ENT PER ANNUM PERCENT PER AN!

    U.S. FEDERAL FUNDS

    l u l l

    FRANCE

    N A t . . / v , v A x / * 1 - ,

    JAPAN

    l l l I I I

    CANADA

    GERMANY

    UNITED KINGDOM

    SWITZERLAND

    NETHERLANDS

    1987 1989 1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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    CHART 5

    3-MONTH INTEREST RATES WEEKLY SERIES

    ENT PER ANNUM PERCENT PER ANIS

    U.S. CD'S

    WEIGHTED AVERAGE FOREIGN RATE

    FRENCH INTERBANK RATE

    U.K. INTERBANK STERLING

    GERMAN INTERBANK RATE

    JAPANESE GENSAKI RATE

    CANADIAN FINANCE CO. -

    PAPER

    f -

    I I I I I I

    -

    - SWISS INTERBANK RATE J -

    I I I I I I

    -

    - NETHERLANDS INTERBANK RATE -

    I I I

    -

    1987 1989 1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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    CHART 6

    EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

    OVERNIGHT 3-MONTH

    7-DAY 6-MONTH

    1-MONTH 1-YEAR

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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    CHART 7

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

    AVERAGES FOR WEEK ENDING WEDNESDAY

    PERCENT PER AN

    FEDERAL FUNDS DASHED LINE

    OVERNIGHT EURO-DOLLAR DEPOSITS

    I I I 1 1 1 1 1 1 1 1 1 1 1 1 i l l

    DIFFERENTIAL

    i i i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

    3-MONTH EURO-DOLLAR DEPOSITS

    90-DAY CD'S DASHED LINE

    DIFFERENTIAL

    -

    I I I I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1987 1989

    ENTIAL SCALE = 2 PERCENT ON RATE SCALE

    1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • 16

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    CHARTS

    INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR A S S E T S

    AVERAGES FOR WEEK ENDING WEDNESDAY

    ENTPER ANNUM

    INTERBANK STERLING COVERED LONDON

    EURO-DOLLAR DEPOSITS DASHED LINE

    PERCENT PER ANN

    CANADIAN FINANCE CO. PAPER, COVERED

    U.S. COMMERCIAL PAPER DASHED LINE

    I I n ! n i l i l n h 1111 h i i i i l I I I I I I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

    DEFERENTIAL

    i i I i i l i i l i i 111 i i 111111

    DIFFERENTIAL

    1111111111 n i l i l l l l I I

    INTERBANK DM COVERED FRANKFURT

    EURO-DOLLAR DEPOSITS DASHED LINE

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

    SWISS INTERBANK (SF) COVERED

    EURO-DOLLAR DEPOSITS DASHED LINE

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

    DIFFERENTIAL

    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 l l I I I I

    DIFFERENTIAL

    I III I I I I I I I ' l l I

    1987 1989

    1 PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

    1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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    CHART 9

    LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

    DENT PER ANNUM PERCENT PER ANI

    UNITED STATES - CANADA

    UNITED KINGDOM __ FRANCE

    -V/ I I I

    l / tyl

    I I I

    W v . A s ~

    SWITZERLAND

    I I I I I I

    - JAPAN -

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

    NETHERLANDS MONTHLY - GERMANY

    -

    I I I I I I

    -

    1987 1989 1987 1989

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • CHART 10

    INDUSTRIAL STOCK INDICES WEEKLY SERIES

    RATIO SCALE 1969=100

    RATIO SCALE 1969=100

    UNITED STATES NETHERLANDS

    800 JAPAN

    i

    600 - -

    500 - -

    400 - hyf -

    300 -J

    200 I I I I I I < I I < < I I < I M

  • LAST VALUE PLOTTED L I S T VALUE PLOTTED S E R I E S RARE DATE VALVE DATE VALUE

    CHART 1 . SPOT EXCHANGE RATES AND I * D I C E S

    9EEKLY AVERAGES, * 0 0 * BUYING RATES ( U . S . CENTS)

    GERMAN MARK S E P T . 6 SO. 6 2 S E P T . 13 5 0 . 3 9 JAPANESE TEN S E P T . 6 0 . 6 8 5 2 5 SEPT. 13 0 . 6 8 1 0 9 DUTCH GUILDER S E P T . 6 4 4 . 9 1 S E P T . 1 3 4 4 . 7 1 O .K. POUND S E P T . 6 1 5 5 . 5 1 S E P T . 1 3 1 5 4 . 8 0 CANADIAN DOLLAR SEPT. 6 6 4 . 7 5 S E P T . 1 3 8 4 . 2 5 FRENCH FRANC S E P T . 6 1 5 . 0 2 S E P T . 13 1 4 . 9 6 SWISS FRANC S E P T . 6 5 8 . 6 5 S E P T . 13 5 8 . 3 9 BELGIAN FRANC S E P T . 6 2 . 4 2 0 8 2 S E P T . 1 3 2 . 4 1 0 4 6 ITALIAN LIRA S E P T . 6 0 . 0 7 0 5 8 S E P T . 13 0 . 0 7 0 3 0 SBEDISH KRONA S E P T . 6 1 4 . 9 9 S E P T . 1 3 1 4 . 9 5

    I N D I C E S , HARCH 1 9 7 3 BASE BATES = 1 0 0

    GEBMAN HARK S E P T . 6 1 4 2 . 4 1 SJBPT. 1 3 1 4 1 . 7 6 JAPANESE TEN S E P T . 6 1 7 9 . 4 2 S E P T . 13 1 7 8 . 3 3 DUTCH GUILDER S E P T . 6 1 2 8 . 9 4 S E P T . 1 3 1 2 8 . 3 6 U.K. POUND S E P T . 6 6 2 . 9 0 S E P T . 1 3 6 2 . 6 1 CANADIAN DOLLAR S E P T . 6 8 4 . 4 7 S E P T . 1 3 8 3 . 9 7 FRENCH FRANC S E P T . 6 6 7 . 6 8 S E P T . 13 6 7 . 40 SWISS FRANC S E P T . 6 1 8 8 . 6 8 S E P T . 13 1 8 7 . 8 5 BELGIAN FRANC S E P T . 6 9 5 . 3 9 S E P T . 1 3 9 4 . 98 ITALIAN LIRA S E P T . 6 4 0 . 0 9 SEPT. 13 3 9 . 93

    WEIGHTED AVERAGE EXCHANGE VALUE INDICES# HAB 1 9 7 3 = 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)

    U . S . DOLLAR S E P T . 6 1 0 2 . 8 2 SEPT. 13 1 0 3 . 3 0 GERHAN HARK S E P T . 6 1 5 6 . 6 9 S E P T . 1 3 1 5 6 . 52 JAPANESE TEN S E P T . 6 1 9 7 . 2 2 S E P T . 13 1 9 6 . 6 8 DUTCH GUILDER SEPT. 6 1 3 4 . 34 S E P T . 1 3 1 3 4 . 2 6 U.K. POUND S E P T . 6 6 1 . 4 1 SEPT. 1 3 6 1 . 3 5 CANADIAN DOLLAR S E P T . 6 8 5 . 3 6 S E P T . 13 8 5 . 1 5 FRENCH FRANC S E P T . 6 6 6 . 3 1 S E P T . 1 3 66. 2 8 SWISS FRANC S E P T . 6 1 9 6 . 5 4 S E P T . 1 3 1 9 6 . 3 9 BELGIAN FRANC S E P T . 6 9 7 . 3 7 S E P T . 1 3 9 7 . 3 1 ITALIAN LIBA S E P T . 6 3 8 . 2 9 S E P T . 1 3 3 8 . 2 6 SWEDISH KRONA S E P T . 6 6 6 . 9 4 S E P T . 1 3 6 7 . 0 4

    ZHARI 2 . 3-HONTH FORWARD EXCHANGE RATES, PREHIUH OH DISCOUNT

    CANADIAN DOLLAR S E P T . 3 . 1 7 S E P T . 13 - 3 . 2 7 U.K. POUND S E P T . - 4 . 8 3 S E P T . 1 3 - 4 . 7 6 GERMAN MARK S E P T . 1 . 6 4 S E P T . 1 3 1 . 5 4 FRENCH FRANC S E P T . 0 . 26 S E P T . 1 3 - 0 . 3 3 SWISS FRANC S E P T . 1 . 4 2 S E P T . 1 3 1 . 32 DUTCH GUILDER S E P T . 1 . 4 3 * S E P T . 1 3 1 . 3 1 JAPANESE TEN S E P T . 1 . 7 3 S E P T . 1 3 3 . 1 9 ITALIAN LIRA S E P T . - 3 . 3 4 S E P T . 13 - 3 . 2 1

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • S E R I E S BABE LAST VALUE PLOTTED

    DATE VALUE LAST VALUE P L O T T E t

    DATE VALUE

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

    U. S . DOLLARS PER F I N E OUNCE S E P T . 6 3 5 9 . 3 6 S E P T . 13 3 5 8 . 8 5

    4 . CALL MONEY BATES

    U . S . . FEDERAL FUNDS SEPT* 6 8 . 9 6 S E P T . 1 3 8 . 9 6 OVERNIGHT EURO-DOLLAR D E P O S I T S S E P T . 6 8 . 7 3 S E P T . 13 8 . 8 1 U . K . S E P T . 6 1 3 . 9 1 SEPT* 1 3 1 3 . 7 5 CANADA S E P T . 6 1 2 . 2 2 S E P T . 1 3 1 2 . 1 5 GERMANY , S E P T . 6 6 . 6 7 S E P T . 13 6 . 8 5 JAPAN S E P T . 6 5 . 2 6 S E P T . 1 3 5 . 2 3 FRANCE S E P T . 6 8 . 8 9 S E P T . 1 3 8 . 9 0 NETHERLANDS S E P T . 6 7 . 20 S E P T . 1 3 7 . 2 6 SWITZERLAND S E P T . 6 6 . 3 8 S E P T . 1 3 6 . 3 8

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

    U . S . , 90HDAY C D ' S , SECONDARY MARKET S E P T . 6 8 . 8 0 S E P T . 1 3 8 . 7 5 GERMAN INTERBANK LOAN S E P T . 6 7 . 2 0 S E P T . 1 3 7 . 24 JAPANESE GENSAKI RATE S E P T . 6 4 . 8 2 S E P T - 1 3 4 . 86 CANADIAN FINANCE PAP^R S E P T . 6 1 2 . 3 0 S E P T . 1 3 1 2 . 3 1 INTERBANK STERLING S E P T . 6 1 3 . 9 6 S E P T . 1 3 1 3 . 9 6 SWISS INTERBANK LOAN S E P T . 6 7 . 2 2 S E P T . 13 7 . 3 8 FRENCH INTERBANK RATE S E P T . 6 9 . 10 S E P T . 1 3 9 . 1 4 NETHERLANDS INTERBANK RATE , S E P T . 6 7 . 4 0 S E P T . 1 3 7 . 44 WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE S E P T . 6 8 . 6 7 S E P T . 1 3 8 . 7 1

    G - 1 0 COUNTRIES PLUS SWITZERLAND)

    CHART 6 . EURO-DOLLAR D E P O S I T RATES; LONDON

    OVERNIGHT S E P T . 6 8 . 7 3 S E P T . 1 3 8 . 8 1 J - D A Y ; S E P T . 6 8 . 8 8 S E P T . 13 8 . 8 4 1-MONTH- S E P T . 6 8 . 8 8 S E P T . 1 3 8 . 88 3-MONTH , S E P T . 6 8 . 8 6 S E P T . 1 3 8 . 8 4 6-MONTH - S E P T . 6 8 . 86 S E P T . 1 3 8 . 8 1 1-YEAR S E P T . 6 8 . 8 0 S E P T . 1 3 8 . 7 8

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

    OVERNIGHT EURO-DOLLAR D E P O S I T S S E P T . 6 8 . 7 3 S E P T . 1 3 8 . 8 1 U . S . FEDERAL FUNDS S E P T . 6 8 . 9 6 S E P T . 1 3 8 . 9 6 D I F F E R E N T I A L S E P T . 6 - 0 . 2 3 S E P T . 1 3 - 0 . 1 5

    3-MONTH EURO-DOLLAR D E P O S I T , RATE S E P T . 6 8 . 8 6 S E P T . 1 3 8 . 8 4 U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET S E P T . 6 8 . 8 0 S E P T . 1 3 8 . 7 5 D I F F E R E N T I A L S E P T . 6 0 . 0 6 S E P T . 1 3 0 . 0 9

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • S E R I E S NAME LAST VALUE PLOTTED

    DATE VALUE LAST VALUE PLOTTE

    DATE VALUE

    CHART 8 . I N T E R E S T ARBITRAGE, 3-HONTH FUNDS

    EURO-DOLLAB D E P O S I T S E P T . 6 8 . 86 S E P T . 1 3 8 . 8 4 INTERBANK STERLING (LONDON), COVERED S E P T . 6 8 . 96 S E P T . 13 9 . 04 D I F F E R E N T I A L S E P T . 6 - 0 . 10 S E P T . 13 - 0 . 2 0

    U . S . , COMMERCIAL PAPER S E P T . 6 8 . 7 2 S E P T . , 1 3 8 . 6 8 CANADIAN FINANCE PAPER, COVERED S E P T . 6 9 . 0 3 S E P T . 13 8 . 94 D I F F E R E N T I A L S E P T . 6 - 0 . 3 1 S E P T . 1 3 - 0 . 26

    EURO-DOLLAR DEPOSIT S E P T . 6 8 . 8 6 S E P T . 1 3 8 . 8 4 INTERBANK DM (FRANKFURT) , COVERED S E P T . 6 8 . 8 7 S E P T . 1 3 8 . 8 1 D I F F E R E N T I A L S E P T . 6 - 0 . 0 1 S E P T . 1 3 0 . 03

    EURO-DOLLAR DEPOSIT S E P T - 6 8 . 8 6 S E P T . 13 8 . 8 4 SWISS INTERBANK, COVERED S E P T . 6 8 . 6 8 S E P T . 1 3 8 . 7 2 D I F F E R E N T I A L S E P T . 6 0 . 1 9 S E P T . 1 3 0 . 1 2

    CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S

    UNITED STATES S E P T . - a 8 . 17 S E P T . 8 8 . 17 GERMANY S E P T . 8 6 . 9 8 S E P T . 8 6 . 9 6 JAPAN S E P T . 8 5 . 0 4 S E P T . 8 5 . 0 4 SWITZERLAND S E P T . 8 5 . 3 4 S E P T . 8 5 . 3 4 CANADA AUG. 2 5 9 . 5 8 AUG. 2 5 9 . 5 8 FRANCE S E P T . 1 8 . 84 S E P T . 1 8 . 8 4 NETHERLANDS (MONTHLY) MAY 7 . 3 7 MAY 7 . 3 7 UNITED KINGDOM S E P T . 8 9 . 15 S E P T . 8 9 . 15

    I . CORPORATE

    AAA BONDS MAY 9 . 3 3 MAY 9 . 3 3

    10. STOCK I N D I C E S

    UNITED STATES S E P T . 6 3 6 9 . 7 3 S E P T . 13 3 6 5 . 3 1 UNITED KINGDOM S E P T . 6 4 3 5 . 0 2 S E P T . 1 3 43 5 . 3 3 CANADA S E P T . 6 3 9 3 . 3 3 S E P T . 1 3 3 8 7 . 9 9 GERMANY S E P T . 6 2 9 2 . 2 4 S E P T . 13 2 8 7 . 3 9 SWITZERLAND S E P T . 6 2 7 7 . 8 4 S E P T . 1 3 2 7 0 . 6 3 NETHERLANDS S E P T . 6 3 6 4 . 9 4 S E P T . 13 3 6 4 . 94 FRANCE S E P T . 6 5 3 8 . 1 4 S E P T . 13 5 4 3 . 6 7 JAPAN S E P T . 6 6 9 0 . 13 S E P T . 13 6 8 9 . 19

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • FEDERAL RESERVE statistical release , ^ IS i&

    %LRS^.-

    H.10(512) SEPTEMBER IS, 1989

    FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 15, 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 t ransfers payable in foreign currencies:

    COUNTRY MONETARY

    UNIT (CURRENCY UNITS PER DOLLAR)

    COUNTRY MONETARY

    UNIT SEP. 11 SEP. 12 SEP. 13 SEP. 14 SEP. 15 AUSTRALIA DOLLAR 76.37 76.43 77.63 77.52 77.25 AUSTRIA SCHILLING 14.00D 14.002 13.953 13.860 14.090 BELGIUM FRANC 41.530 41.590 41.430 41.180 41.810 CANADA DOLLAR 1.1874 1.1893 1.1859 1.1850 1.1882 CHINA,P.R. YUAN 3.7314 3.7314 3.7314 3.7314 3.7314 DENMARK KRONE 7.7255 7.7300 7.6950 7.6500 7.7900 FINLAND MARKKA 4.4805 4.4800 4.4600 4.4400 4.5100 FRANCE FRANC 6.6950 6.6960 6.6800 6.6430 6.7430 GERMANY D. MARK 1.9873 1.9882 1.9805 1.9690 2.0000 GREECE DRACHMA 171.100 171.300 171.100 170.120 171.000 HONG KONG DOLLAR 7.8095 7.8095 7.8095 7.8100 7.8100 INDIA RUPEE 16.7700 16.7400 16.7000 16.7700 16.8200

    IRELAND POUND 134.10 134.05 134.60 135.40 133.30 ITALY LIRA 1424.50 1424.50 1421.00 1414.00 1435.00 JAPAN YEN 146.82 147.15 146.95 146.55 148.75 MALAYSIA RINGGIT 2.7050 2.7025 2.7020 2.7020 2.7080 NETHERLANDS GUILDER 2.2397 2.2405 2.2323 2.2197 2.2542

    *NEW ZEALAND DOLLAR 58.780 58.780 59.280 58.880 58.700 NORWAY KRONE 7.2300 7.2325 7.2100 7.1700 7.2800 PORTUGAL ESCUDO 166.250 165.950 165.350 164.650 166.900 SINGAPORE DOLLAR 1.9850 1.9845 1.9810 1.9790 1.9875 SOUTH AFRICA RAND 2.8225 2.8130 2.8140 2.8100 2.8500 SOUTH KOREA WON 673.00 673.10 NA 673.00 NA SPAIN PESETA 123.800 123.900 123.400 123.810 125.000 SRI LANKA RUPEE 39.167 39.318 39.818 39.818 NA SWEDEN KRONA 6.6975 6.6950 6.6750 6.6500 6.7440 SWITZERLAND FRANC 1.7155 1.7160 1.7096 1.6985 1.7269 TAIWAN DOLLAR NA 25.750 25.900 NA 25.855 THAILAND BAHT 26.110 26.080 26.090 26.050 26.060 UNITED KINGDOM POUND 154.60 154.70 155.30 155.95 153.80

    MEMO: SUNITED STATES DOLLAR 103.42 103.48 103.16 102.69 104.13 SINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIl- 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 IS U.S. CENTS

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis