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Selected Interest & Exchange Rates Weekly Series of Charts APRIL 11,1977 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF OOVBRNORS FEDERAL RESERVE SYSTEM Washington, B.C. 205S1 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 (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO £ MAY 19 sc MAY 1970 PARITY:= 100 iLE PARITY=100 1120 CANADIAN DOLLAR 100 90 FOREIGN CURRENCY PRICE OF U.S. DOLLAR — 100 80 140 140 FRENCH FRANC JAPANESE YEN 120 120 100 100 Ilillllllll 200 200 SWISS FRANC 180 180 GERMAN MARK 160 1*0 140 140 120 120 nhi hi n 160 160 DUTCH GUILDER a- - - BELGIAN FRANC 140 140 / V 120 " m i l i u m 100 I I I I 100 j / U.K. POUND I 120 Ilillllllll I 100 100 ~*r \ I T A L I A N LIRA r I 80 s\ — \ \ 80 r 60 60 • M l i l l i i l l LL.LJ.I-I.I1 i I I I I I I I 1975 1977 I I I I I 1975 I Ml - h l 1977 Chart 2 v 3-MONTH FORWARD EXCHANGE RATES P R E M I U M (+), OR D I S C O U N T ( - ) A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y PER CENT PER ANNUM 6 — Aa CANADIAN DOLLAR - I I I I I I PER CENT PER ANNUM 6 DUTCH GUILDER U.K. POUND rV- I I I I I I Il IIl IIl II 12 SWISS FRANC — GERMAN MARK I - + 0 - I I I I I I Il IIl IIl II 6 12 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others FRENCH FRANC 1975 I 1977 1975 1977 • Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 200 12.5 Kg BARS Afternoon fixing price 180 160 140 120 100 M 1975 i 90 l 1977 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PEA ANNUM 16 JAPAN U.S. FEDERAL FUNDS OVERNIGHT EURO-DOLLARS llitlllllll — 16 - — f y J U.K. 2-- DAY LOCAL AUTHORITY J 12 8 V — — - 4 I I I 12 — CANADA - / i w i *rV i — I I NETHERLANDS I GERMANY EURO-SWISS FRANC EURO-DM 1975 1977 1975 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM CANADIAN FINANCE CO. PAPER UNITED STATES CD s U.K. INTERBANK STERLING GERMAN INTERBANK RATE I IIlllll III SWISS DEPOSIT RATE JAPAN Monthly EURO-DOLLAR 1976 1977 1975 1977 Chart 6 EURO DOLLAR DEPOSIT RATES L o n d o n AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH I1 1 I1 1 M 7-DAY 6-MONTH 1-MONTH 1-YEAR # 1975 1977 1975 1977 # # # # # # # # # Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y PER CENT PER ANNUM PER CENT PER ANNUM • OVERNIGHT Euro-dollar deposits 3-MONTH Euro-dollar deposits FEDERAL FUNDS 90-DAY CD's DIFFERENTIAL DIFFERENTIAL .1 \A « . ! 1 / I " i. ' Adjusted for reserve requirements I f 1 1 1 A' " !! , vV'i' V I I 1 I ' W ^\^VvW Vw, .V" V — 1 Adjusted for reserve requirements 1 v wA i" f A / i , /\ \ / v ' V /N r http://fraser.stlouisfed.org/ Favors RrtrrowiPO Federal Reserve Bank of St. Louis 11 I i i I i i 11 i 11 i I i 11 i i I i i 1975 in U ^ If P r » f ' + ' " n 1977 i i I i i I i 11 i i 1975 1977 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS A V E R A G E S FOR WEEK E N D I N G W E D N E S D A Y D I F F E R E N T I A L : PLUS(+), I N D I C A T E S F A V O R D O L L A R ASSETS PER CENT PER ANNUM PER CENT PER ANNUM E U R O - D O L L A R DEPOSITS H ' INTERBANK STERLING Covered London INTERBANK DM * Covered Frankfurt E U R O - D O L L A R DEPOSITS DIFFERENTIAL DIFFERENTIAL 1 1 1 1 1 1 1 1 1 I» I1 1 1 1 1 I1 1 1 1 1 1 1 II CANADIAN FINANCE CO. PAPER, COVERED SWISS DEPOSITS (SF) COVERED EURO-DOLLAR DEPOSITS U.S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL 1975 1977 1975 1977 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER F t * CENT PER / •NT PER ANNUM CANADA 9 10 UNITED STATES 7 8 5 6 12 9 JAPAN Industrial 10 SWITZERLAND 7 8 5 GERMANY U_J 0 3 13 19 11 17 FRANCE UNITED KINGDOM 9 15 7 13 NETHERLANDS I I I I I I I 5 11 12 12 U.S. CORPORATE Monthly U.S. C O R P O R A T E Monthly 10 J e Euro-Dm bonds e : Euro-dollar bonds Aaa bonds X / - 1977 8 — I I I 1978 10 6 1975 1977 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO 1969= •CALE 30 180 140 UNITED STATES 100 RATIO SCALE 1969=100 80 60 UNITED KINGDOM 360 280 JAPAN 200 160 120 180 140 SWITZERLAND CANADA 100 80 U 60 180 140 FRANCE General Index GERMANY 100 80 60 1975 1977 1975 1977 SERIES NAME CHART 1 . SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . 90,31 130 . 9 5 153.17 145.39 71 . 6 5 102.41 111.73 172.04 136.65 70.37 APRIL APRIL APR I L APRIL APRIL APRIL APRIL 6 6 6 6 6 6 6 -2.54 -4.13 0.81 -4.87 2 .22 -0.73 -1.51 APRIL 6 148.9 5 APRIL 6 6 APRIL APRIL 1 APRIL 1 APRIL 1 APRIL 1 APRIL 1 APRIL 1 MARCH 18 APRIL 1 4.55 4.97 9.25 7.55 4.50 4.51 6.50 9.38 5.50 0.2 5 6 6 4.71 4.58 8.16 5.18 7.50 8.94 3.75 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS 1 GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 6 6 6 6 6 6 6 6 6 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 . 6 GOLD PRICE I N LONDON U . S . DOLLAR PER F I N E OUNCE 4. APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. LAST VALUE PLOTTED DATE VALUE APRIL APRIL FEB. APRIL APRIL APRIL APRIL 6 6 6 6 SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 6 t b 6 6 6 4.97 4.94 5.03 5.16 5.53 6.04 APRIL APRIL APRIL APR I L APRIL APRIL 6 6 6 6 6 b 4.97 4 .5 5 0,63 5.13 4.71 0 .39 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL APRIL APRIL 6 6 6 5.13 4.81 0.3b U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL APRIL APRIL APRIL 6 6 6 4.73 4.96 -0.21 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL APRIL APRIL t t t 5.18 5.39 -0.22 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL APRIL APRIL APRIL fc 6 6 5.13 5 .97 -0.79 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 . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . APRIL APRIL APRIL APR I L APRIL APRIL INTEREST ARBITRAGE, 3-MONTH FUNDS LAST VALUE PLQTTE DATE VALUE SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 15 10.61 MARCH l b APRIL 1 MARCH 7.44 11.bO FEB. FEB. FEB. 8.04 6.99 7.72 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY . 7.46 6.63 8.50 3.94 8.83 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS HART 1 0 . APRIL 1 MARCH 2b FEB. APRIL 1 APRIL i APRIL MARCH MARCH MARCH APRIL MARCH MARCH 1 102.68 4 252.03 97.19 87.0 2 98.26 71.96 91 . 4 1 16 13 1 Zb 25 .'oOf COW," F E D E H.10 R A L R E S E R V E s t a t i s t i c a l r e l e a s e APRIL 1 1 , FOREIGN EXCHANGE RATES APRIL FOR THE WEEK ENDING 1977 8 , 1977 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 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT APR. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 110.5000 5.90000 2.73200 94.5500 16.6000 26.3100 20.1200 41.8400 11.3400 171.9800 0.11260 0.36410 40.3100 4.4000 40.1600 96.0500 18.7500 2.5800 115.0000 1.4539 13.7000 22.8200 39.3600 171.9800 4 APR. 5 (RA1FE U . S . CENTS APR. 6 110.6500 5.89000 2.73350 94.7000 16.6000 24.6100 20.1300 41.8700 11.3400 171.9700 0.11260 0.36630 40.3400 4.4000 40.1800 96.1500 18.7600 2.5700 115.0000 1.4507 13.7000 2 2.8400 39.3400 171.9700 110 . 6 5 0 0 5 .90000 2 .73600 94.8000 16.6100 24.7200 20.1100 41 .9000 11.3400 171.8600 0.11260 0.36600 40.3700 4.3900 40.2100 96.2000 18 . 7 8 0 0 2.5700 115 . 0 5 0 0 1 .4514 13.7000 22 . 8 4 0 0 39.4000 171.8800 APR. 7 110.6700 5.90000 2.73850 94.5800 16.6200 24.7600 20.1000 41.9300 11.3400 171.6700 0.11250 0.36550 40.3600 4.3900 40.3400 96.2000 18.8100 2.5700 115.0500 1.4503 13.7000 2 2.8600 39.4600 171.8700 APR. 8 110.6700 5.90000 2.73600 94.6700 16.6300 24.7600 20.1000 41.9500 11.3000 171.6300 O.llZbO 0.36600 40 . 3 5 0 0 4.3900 40.3700 96.2000 18.8400 2.5800 115.0000 1.4514 13.7000 22.8600 39.4600 171.8300
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