h13_19890918.pdf
Transcript of h13_19890918.pdf
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(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
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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.
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U100 140
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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
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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
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U.S.
520
500
480
460
440
420
400
380
360
340
320
300
520
500
480
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
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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
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- SWISS INTERBANK RATE J -
I I I I I I
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- NETHERLANDS INTERBANK RATE -
I I I
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1987 1989 1987 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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10
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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
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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
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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
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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
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1987 1989 1987 1989
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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
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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
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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
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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
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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
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