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Selected Interest & Exchange Rates \AfeekJy Series of Charts APRIL 14,1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 4 Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES T. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATESH.10 RELEASE 3. GOLD PRICE- LONDON 4. CALL MONEY RATES 5. 3-MQNTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES 3 Chart 1 SPOT EXCHANGE RATES I N D E X E S O F D O L L A R PRICES O F F O R E I G N C U R R E N C I E S A V E R A G E S FOR WEEK ENDING W E D N E S D A Y FOREIGN CURRENCY PRICE OF U.S. D O L L A R Weighted average 100 SCALE f=100 120 CANADIAN DOLLAR 90 100 80 I JAPANESE Y E N I I I I I I - 140 140 A . FRENCH FRANC ;—. 120 100 I I I 120 " 100 I I I 200 ..IMII.II. 200 GERMAN MARK 180 SWISS F R A N C 180 160 160 140 140 120 120 100 100 DUTCH GUILDER BELGIAN FRANC 160 180 140 140 120 120 100 I I I I I I I 120 U.K. P O U N D 100 ITALIAN LIRA 120 100 100 80 80 Oiart2 3-MONTH FORWARD ENHANCE RATES PREMIUM (+), OR DISCOUNT'(-) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM 6 CANADIAN DOLLAR a 0 B A 1 1 1 , a A . ~ 1 1 1 PER CENT PER ANNUM 12 6 SWISS FRANC U.K. POUND 0 6 12 12 GERMAN MARK DUTCH GUILDER 6 0 B 6 L U I I I liiliiliilu FRENCH FRANC 0 6 12 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS Afternoon fixing price 180 120 90 1973 1975 Chart 4 CALL MONEY RATES W E E K L Y SERIES KIT PER ANNUM PER CENT PER A1 OVERNIGHT 15 JAPAN j 10 .S. F E D E R A L FUNDS * I I I I I 5 : 0 I 20 U.K. 2 - D A Y L O C A L A U T H O R I T Y - FRANCE 15 10 5 - I I I I I I 0 lllllllllll 15 - NETHERLANDS - 10 CANADA 5 U ^ i V i i iiiiiiiiin MlMlnh. 0 20 EURO-SWISS F R A N C 15 10 GERMANY 5 V EURO-DM 1S73 0 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER AN EXT PER ANNUM CANADIAN FINANCE CO. PAPER 12 12 UNITED STATES CD's 8 8 4 4 U.K. INTERBANK STERLING 18 18 12 16 8 8 I 4 I I I I I 4 llllllllllll 18 12 EURO-DOLLAR 12 - SWISS DEPOSIT RATE 8 i - 8 4 JAPAN Monthly - 4 H l I l l l iiliiliilu 0 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 16 —1 18 OVERNIGHT 3-MONTH 12 8 4 111 18 16 7-DAY 6-MONTH 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 http://fraser.stlouisfed.org/ 1973 Federal Reserve Bank of St. Louis 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro-dollar deposits 60-89 D A Y CD'S 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1973 Favors Borrowing in U.S. if Positive 1975 1973 1078 \C INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PE PER ANNUM PER CENT PER 20 2C 15 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERUNG Covered London 10 10 5 t 5 EURO-DOLLAR DEPOSITS 0 DIFFERENTIAL DIFFERENTIAL 5 5 10 10 15 ~ CANADIAN FINANCE CO. PAPER, COVERED 15 . EURO-DOLLAR DEPOSITS 10 10 5 U.S. COMMERCIAL PAPER 5 SWISS DEPOSITS (SF) COVERED ' 0 S DIFFERENTIAL DIFFERENTIAL 5 5 1973 1975 1973 1975 w Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM UNITED STATES 11 11 I I I I I I I I I I SWITZERLAND GERMANY , , — V / - 1 1 1 JAPAN Industrial / I T I 1 1 1.hill.Ill 1 MII.IMIM UNITED \: FRANCE - NETHERLANDS - ^1 t « V w - U.S. CORPORATE „ Monthly - 10 - 1 1 1 1 12 - U.S. CORPORATE Monthly - Euro Dm bonds — — 1 10 /\jJ\ Aaa bonds Euro-dollar b o n d s / /~~ 8 8 I 6 I I I I I I 1973 I - 111111111111 11111111111 1975 -=^ s / v i r\ y ^—y I i i i 1973 - 111II111111 1975 0 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 180 UNITED STATES 100 60 45 320 UNITED KINGDOM JAPAN 240 160 I 80 I I I I 35 I 180 180 SWITZERLAND 100 jf? 60 45 I I I I I I I I I I I I 45 180 180 FRANCE General index GERMANY 100 - 60 - 45 I I I I I I 80 45 V? SERIES NAME LAST VALUE PLOTTED DATE VALUE 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 . APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 9 9 9 9 9 9 9 9 9 9 79.49 123.27 154.63 149.98 99.42 107.57 130.98 171.36 142.49 98.64 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 9 9 9 9 9 9 9 0.40 -4.79 2.89 —3.36 2.08 0.85 0.50 APRIL 9 173.79 APRIL 9 APRIL 9 APRIL 4 MAR. 2 8 APRIL 4 APRIL 4 MAR. 2 8 APRIL 4 MAR. 2 8 APRIL 4 5.28 5.44 8.81 6.60 2.50 2.63 12.50 8.63 6.38 3.50 APRIL 9 APRIL 9 JAN. 3 1 APRIL 9 APRIL 9 APRIL 9 APRIL 9 5.88 4.74 9.39 7.44 6.90 9.55 6.50 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE 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 . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING FRASER SWISS DEPOSIT Digitized for SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 9 9 9 9 9 9 5.44 5.82 6.35 7.44 8.04 8.35 APRIL APRIL APRIL APRIL APRIL APRIL 9 9 9 9 9 9 5.44 5.28 0.63 7.44 5.88 1.83 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL APRIL APRIL 9 9 9 7.44 4.76 2.68 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL APRIL APRIL APRIL 9 9 9 6.10 7.30 -1.20 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL APRIL APRIL 9 9 9 7.44 7.63 -0.20 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL APRIL APRIL APRIL 9 9 9 7.44 8.58 -1.14 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 APRIL APRIL APRIL INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM APRIL MAR. FEB. MAR. MAR. MAR. MAR. MAR. 4 28 28 21 28 21 28 28 8.12 8.72 9.62 6.79 8.46 10.08 8.26 13.68 FEB. 28 FEB. 28 FEB. 28 8.62 8.75 8.53 U . S . CORPORATE AAA BONDS EURO—DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL MAR. MAR. MAR. MAR. APRIL MAR. 4 28 14 28 28 4 28 86.02 207.88 96.43 99.41 66.77 63.95 88.73 FEDERAL RESERVE .10 APRIL 1 1 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL I I , 1975 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 foreignjcurrencies: COUNTRY AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI 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 PESETA RUPEE KRONA FRANC POUND 134.3000 5.93000 2.84100 99.4900 18.2800 28.1000 23.6100 42.1400 12.7500 238,0100 0.15750 0.34250 43.8600 8.0000 41.2900 132.9000 20,1900 4.0700 146.7500 1.7700 15.4000 25.2100 39.1900 238.0100 7 APR. 8 (RATE U . S . CENTS) APR. 9 134.2500 5.95000 2.84450 99.2600 16.2600 28.1200 23.7200 42.3700 12.7500 238.1100 0.15780 0.34260 43.8100 8.0000 41.4900 132.6500 20.1600 4.0700 146.7500 1.7760 15.4000 25.2200 39.2400 238.1100 134.4000 5.97000 2.84700 99.4600 18.1400 28.1500 23.2300 42.1800 12.7500 237.6800 0.15800 0.34260 43.9300 8.0000 41.3900 132.8500 20.1800 4.0800 146.7500 1.7770 15.4000 25.2500 39.1200 237.6800 APR. 10 APR. 11 134.3000 5.93000 2.82500 99.2800 17.9300 28.0400 23.5800 41.8200 12.7500 236.1500 0.15720 0.34270 43.7800 8.0000 41.0700 132.7000 20.0500 4.0600 146.7500 1.7755 15.4000 25.0000 38.8100 236.1500 134.0000 5.92000 2.£3000 99.1900 lb.0600 28.0100 23.6600 41.8900 12.7500 236.5000 0.15730 0.342} 50 43.7800 8.0000 41.1000 132.3000 20.0600 4.0500 146.7500 1.7735 15.4000 25.1000 38.9100 236.5000
@FedFRASER