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5-WO <3 Selected Interest & Exchange Rates Weekly Series of Charts •• April 10,1978 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED 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. 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDEXES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE-LONDON 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 INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1870 PARfTY=100 RATIO SCALE MAY 1970 PARITY=100 120 * 100 / - — \ - r i I FOREIGN CURRENCY PRICE OF US. DOLLAR 80 CANADIAN DOLLAR 100 80 " I I I FRENCH FRANC GERMAN MARK LLJ II II I I 11 : — 240 : — j 140 JAPANESE YEN 120 J t ' SWISS FRANC - / 200 t J**r - 180 - 160 - 140 mImIiiIm 120 — - 100 i i i 1 1 1 11111111111 111II111111 ~ r 1 1 1 1 l,| ||| u l l l I 160 DUTCH GUILDER VV-x BELGIAN FRANC YW - 140 120 1 1 1 1 1 1 ,1,7 1 100 110 — \ U.K. POUND 1 A — 90 ITALIAN LIRA 70 - i i ' - 1 1 1 1 1 1976 1 50 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM 6 CANADIAN DOLLAR + 0 : — 6 I I I I I I PER CENT PER ANNUM 6 DUTCH GUILDER + 0 U. K. POUND 6 12 18 — SWISS FRANC /- 6 GERMAN MARK V / - + 0 I I , , I h i i i i i „ 1 „ 11,1,, i . — + 0 FRENCH FRANC - JAPANESE YEN - J + 0 6 - 12 I 1976 1978 I I I I 1976 I 1978 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 - 180 - 160 140 - 140 120 - 120 180 160 — 12.5 Kg BARS AFTERNOON FIXING PRICE 100 100 1976 1978. CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER AN PER CENT PER ANNUM \2 U.S. FEDERAL FUNDS 8 - - OVERNIGHT EURO-DOLLARS 16 — FRANCE r 12 L — 8 - 4 U.K. 2-DAY LOCAL AUTHORITY - I I I I I I mI,,!,,!,, 0 — NETHERLANDS CANADA j+r - i i i .. I I I i l l 111 n i l i U h l h l l l l EURO-SWISS FRANC GERMANY EURO-DM 1976 1978 1976 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM CANADIAN FINANCE CO. PAPER 8 EURO-DOLLAR U.S. CD'S 4 16 JAPANESE BANK LOANS AND DISCOUNTS 8 UK. INTERBANK STERLING SWISS INTERBANK RATE GERMAN INTERBANK RATE 1976 1978 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES london AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 10 6-MONTH •< 7-DAY - - I I I I I I 1-YEAR - 10 - 6 1-MONTH 1976 1978 1976 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 FEDERAL FUNDS EURO-DOLLAR DEPOSITS DASHED LINE OVERNIGHT EURd-DOLLAR DEPOSITS is v / 90-DAY CD'S DASHED LINE DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS I I I FAVORS BORROWING IN U. I I I 1976 S. IF POSITIVE 111111111111 1111111111 i 1978 1 _ L I I 1976 I M i I I I I I I I f I I I l I I I II I I I 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANI PER ANNUM PER 10 10 |L EURO-DOLLAR DEPOSITS 8 I 8 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 6 EURO-DOLLAR DEPOSITS 4 4 DASHED LINE 2 2 DIFFERENTIAL + + 0 0 DIFFERENTIAL I 2 I I l l l l l I I I 11 I l u l l I 11ill11 i l l 1 1 10 10 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER. COVERED 8 8 6 6 4 2 SWISS INTERBANK (SF) COVERED U.S. COMMERCIAL PAPER 4 DASHED LINE DASHED LINE 2 2 DIFFERENTIAL DIFFERENTIAL + 0 + 0 2 I 1976 lllllllllll llllllllll 1978 1976 II I I I 1976 J CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER AN ENT PER ANNUM 10 CANADA UNITED STATES hj - - 8 I J__L I I I 6 I I 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY I 18 III I I I UNITED IKINGDOM 16 FRANCE - —I J y\I I 14 12 NETHERLANDS U. S. CORPORATE 10 I I I MONTHLY U.S. / X x I I I CORPORATE Illllllllll 8 MONTHLY 9 EURO-DOLLAR BONDS AM BONDS 7 EURO-DM BONDS 5 1976 1978 1976 1976 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SC 1969 RATIO SCALE 1969=100 140 120 UNITED STATES — 100 UNITED KINGDOM 80 — I I I I I I IHMIIIIII JAPAN 140 120 100 iKX \j\ f y? CANADA AVV \ KVX SWITZERLAND .. 80 i n I l l 120 FRANCE GERMANY GENERAL INDEX /VX — 100 - I 1976 1978 I I I I 1976 I 1978 80 *• SERIES NAME W a r t W LAST VALUE PLOTTED DATE VALUE SPOT EXCHANGE RATES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) • GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 5 5 5 5 5 5 5 5 5 49.62 0.45108 46.40 186.62 88.03 21.88 53.69 3.17930 0.11742 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 5 5 5 5 5 5 5 5 5 181.62 162.39 167.98 77.76 95.17 121.53 234.78 158.96 73.39 5 5 5 5 5 5 5 5 5 5 82 . 4 3 167 . 3 8 144 . 0 8 147 . 6 2 63 . 2 3 80 . 3 3 105 . 0 8 205 . 1 6 139 . 1 6 60 . 2 9 5 5 5 5 5 5 5 —0.74 -0.18 4.22 -1.50 7.07 2.59 6.31 INDICES, MAY 1970 PARITIES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAY 1970 =• 100 U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN FRANC APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL CHART 2 . 3-MONTH FORWARD EXCHANGE RATES* PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN APRIL APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3 . GOLD PRICE I N LONDON U . S . DOLLARS PER FINE OUNCE APRIL 5 180.73 APRIL APRIL MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 5 5 31 31 31 31 31 31 10 31 6.86 7.20 5.13 7.38 3.50 4.29 4.25 8.75 4.69 1.02 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 5 5 5 5 5 5 5 6.80 3.53 4.50 7.40 7.78 6.73 0.40 APRIL APRIL APRIL APRIL APRIL APRIL 5 5 5 5 5 5 7.20 7.10 7.14 7.40 7.73 7.96 5 5 5 5 5 5 7.20 6.86 0.64 7.40 6.80 0.48 CHART 4 . CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2—DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 3-MONTH INTEREST RATES U . S . 90-DAY CD'S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6—MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY CD'S DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME "CHART 8 . LAST VALUE PLOTTED ' DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL APRIL APRIL 5 5 5 7.40 6.55 0.85 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL APRIL APRIL 5 5 5 6.76 7.04 -0.30 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL APRIL APRIL 5 5 5 7.40 7.75 -0.35 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL APRIL APRIL 5 5 5 7.40 7.47 -0.07 MARCH MARCH FEB. MARCH MARCH MARCH MARCH MARCH 31 24 8.12 5.21 6.21 3.50 9.17 11.04 7.00 9.93 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 24 31 10 10 24 U . S . CORPORATE AAA BONDS EURO-OM BONDS EURO-DOLLAR BONDS CHART 1 0 . FEB. JAN. JAN. 8.47 6.41 7.99 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MARCH MARCH MARCH MARCH APRIL MARCH MARCH 31 3 10 10 7 24 24 91.62 259.20 84.77 81.28 110.48 73.37 XCC.09 F E D E R A L H. 10 R E S E R V E statistical release APRIL FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 7, 10, 1978 1978 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 rate in New York City for cable transfers payable in foreign currencies: COUNTRY MONETARY UNIT APR. AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 114.7200 6.95000 3.19250 87.9100 18.0700 24.1650 21.9400 49.8100 12.0000 186.4500 0.11760 0.45800 42.4300 4.3950 46.5600 102.9000 18.8300 2.4425 115.0500 1.2553 6.5000 21.9400 54.0500 186.4500 3 APR. 4 CRATE U . S . APR. 114.5500 6.90000 3.16000 88.0400 17.9300 24.1450 21.8600 49.3500 12.0000 186.7600 0.11750 0.45600 42.3500 4.3950 46.2200 102.3000 18.6800 2.4350 115.0500 1.2563 6.5000 21.8200 53.1500 186.7600 CENTS) 5 114.4000 6.85000 3.17800 87.6650 17.8900 23.9925 21.9100 49.5900 12.0000 187.3000 0.11740 0.45670 42.3800 4.3950 46.3600 102.5000 18.6600 2.4300 115.0500 1.2509 6.5000 21.8300 53.4500 187.3000 APR. 6 114.5200 6.89000 3.17600 87.8400 17.9500 24.0800 21.9900 49.6400 12.0000 187.3500 0.11755 0.45740 42.3600 4.3925 46.4600 102.6500 18.7500 2.4350 115.0500 1.2541 6.5000 21.8550 53.6100 187.3500 APR. 7 114.4100 6.87750 3.17800 87.5500 17.9300 24.0475 21.9600 49.5650 11.9300 187.4600 0.11742 0.45430 42.3700 4.3950 46.4600 102.5000 18.7300 2.4225 115.0500 1.2542 6.5000 21.8100 53.5000 187.4600
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