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5 - 1 t^O Ub *AKy fip *24 ,9, s A t ^ ****& Selected Interest & Exchange Rates Weekly Series of Charts April 17,1978 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 1970 PARITY=100 SCALE 970 PARITY= 100 120 100 80 I # 180 160 I I I FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR I L _ U I I AZ — __ GERMAN MARK - 100 - 80 r\ — 140 — FRENCH FRANC a / V 120 140 100 S I I 120 I U I I I Mini,,!,, 180 160 I I 1 1 1 — / - SWISS FRANC 140 JAPANESE YEN p U — | 240 A zn - 120 200 f y —A — 180 - - 160 — - 140 100 I I I I I I n h . l M l n " i l l I I I i , 11, i n i , 7 lllllllllll 120 — 160 DUTCH GUILDER BELGIAN FRANC . ! 140 120 I I I I U.K. POUND IIII A I lllllllllll I iihiiiiiii 100 — 110 - ITALIAN LIRA 90 - 70 I I 1976 1978 I I I I 1976 I | MIMIMIM 50 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM 6 - CANADIAN DOLLAR + 0 6 - I I I I I I PER CENT PER ANNUM 6 DUTCH GUILDER + 0 + U. K. POUND 0 6 — 6 12 - 12 18 SWISS FRAhtc A KXV 6 GERMAN MARK + 0 I I I I I I 5 i l l ii h i l i i + n l n l i i l i i A 0 - FRENCH FRANC JAPANESE YEN J *J\ A 6 12 - I 1976 1976 I I I I 1976 I 1978 * n CHART 3 PRICE OF GOLD IN LONDON # AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 200 U.S. DOLLARS PER FINE OUNCE I— —] 180 160 180 160 12.5 Kg BARS AFTERNOON FIXING PRICE 140 140 120 120 100 100 1976 •• 200 1976. CHART 4 CALL MONEY RATES WEEKLY SERIES PER ( PER CENT PER ANI R PER ANNUM 12 US. FEDERAL FUNDS 8 — 4 OVERNIGHT EURO-DOLLARS 0 I I I I I \f\ JAPAN I I I - f 11111111111 16 FRANCE 12 > j J 8 " U.K. 2-DAY LOCAL AUTHORITY V - 4 I 0 I I I I I 12 NETHERLANDS CANADA 8 4 0 12 8 EURO-SWISS FRANC GERMANY 4 + 0 EURO-DM 4 1976 1978 1976 1978 CHART S 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM K CENT PER ANNUM 12 — CANADIANI FINANCE CO. PAPER - EURO-DOLLAR U.S. CD'S - I I I I I I I I 11 I I I I I I I JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING — SWISS INTERBANK RATE - GERMAN INTERBANK RATE - I 1976 1978 I I I I 1976 l 1978 + 0 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER Ah ENT PER ANNUM 10 V\ OVERNIGHT 6 N I 2 I 3-MONTH \ I i i r >V>Z i 10 6-MONTH r 7-DAY a 6 z w I II I II 2 10 W\ 1-MONTH 1-YEAR fA/ , A 6 2 I 1976 1976 I I i i 1976 i 1978 CHART 7 SELECTED EURO-DOLLAR AND U, 5. MONEY MARKET RATES A V E R A G E S FOR WEEK ENDING WEDNESDAY PER CE^T PER ANNUM PER CENT PER ANNUM 10 to | FEDERAL FUNQS DASHED LINE EURO-DOLLAR DEPOSITS OVERNIGHT EURO-DOLLAR DEPOSITS V 90-DAY CD'S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS + 0 I I I 1976 FAVORS BORROWING IN U. S. F POSITIVE 11 JLL 11111111111 1978 _L_L 1976 i i I i i I i i, I I I I I I I I I I I I 1978 2 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M . INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER ANNUM PER CENT PER 10 EURO-DOLLAR DEPOSITS 8 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 EURO-DOLLAR DEPOSITS 4 DASHED LINE 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 10 __ EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 8 6 4 SWISS INTERBANK (SF) COVERED U.S. COMMERCIAL PAPER DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 2 0 2 1976 1978 1976 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES PER CENT PER AW IT PER ANNUM 10 CANADA UNITED STATES 8 6 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY 18 UNITED IKINGDOM 16 FRANCE -I ( Y>J 14 iivVA X W NETHERLANDS II U.S. i CORPORATE MONTHLY i U. S. ,\ / % i I I 12 10 I 8 CORPORATE MONTHLY 9 EURO-DOLLAR BONDS A M BONDS 7 EURO-DM BONDS I 1976 I ilLL 1978 J_L 1976 5 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 140 120 - 100 - UNITED STATES 80 - ,,,,, UNITED KINGDOM — I 60 320 — 280 - 240 — I I I I I 111 i l l l i 111 — - JAPAN ' - 200 — 160 " i l l I I I 140 120 100 — — — A CANADA A SWITZERLAND - A, — w 80 - I 60 I I i i ..lull.In i 140 120 I I I I I I I — - - y\ r \. FRANCE GENERAL INDEX 100 SO 60 v - I I I I I 1976 I Ml, - 11111111111 1978 I I I I 111 i l l I 1976 1976 SERIES NAME # ART 1 . 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 I T A L I A N LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 12 12 12 12 12 12 12 12 12 4 9 . ,68 0 , ,45594 4 6 ,. 5 1 187,,57 87,.50 2 1 . .99 5 3 . .68 3 ., 1 8 4 3 0 0 ,.11747 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 12 12 12 12 12 12 12 12 12 181.,82 164..14 168..39 7 8 . .15 94..59 122..13 234. .73 159.. 2 1 73..42 12 12 12 12 12 12 12 12 12 12 8 2 . .23 167.,24 145.,47 147., 7 1 6 3 . ,47 7 9 . .63 105..45 204. .73 139..12 60..25 12 12 12 12 12 12 12 -0.80 -0.28 4.17 -1.70 7.15 2.47 5.70 I N D I C E S , MAY 1 9 7 0 P A R I T I E S = 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 I N D I C E S , MAY 1 9 7 0 = 100 U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N FRANC CHART 2 . APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 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 CHART 3 . LAST VALUE PLOTTED DATE VALUE GOLD PRICE I N LONDON U . S . DOLLARS PER FINE OUNCE 4. 179.68 A P R I L 12 A P R I L 12 7 APRIL APRIL 7 APRIL 7 7 APRIL 7 APRIL APRIL 7 MARCH 10 7 APRIL 6.74 6.91 5.13 6.90 3.50 3.38 4.13 6.63 4.69 0.36 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 6.83 3.53 4.50 7.35 7.91 7.15 0.27 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-OM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . A P R I L 12 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 12 12 12 12 12 12 12 4 CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . APRIL APRIL APRIL APRIL APRIL APRIL 12 12 12 12 12 12 6.91 6.91 7.08 7.35 7.76 7.96 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 J 12 12 12 12 12 12 6.91 6.74 0.46 7.35 6.83 0.39 LAST VALUE PLOTTED DATE VALUE CHART 6 . CHART 9 . INTEREST ARBITRAGE, 3-MONTH FUNDS A P R I L 12 APRIL 12 A P R I L 12 7.35 6.87 0.48 APRIL 12 A P R I L 12 APRIL 12 6.80 7.11 -0.31 APRIL 12 APRIL 12 APRIL 12 7.35 7.70 -0.35 APRIL 12 APRIL 12 APRIL 12 7.35 7.42 -0.07 7 31 8.14 5.20 6.04 2.49 9.21 10.90 7.00 10.lb LONG TERM GOVERMENT BOND YIELDS APRIL MARCH MARCH MARCH APRIL MARCH MARCH APRIL # AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . '% 31 7 24 10 7 8.47 6.41 7.99 MARCH JAN. JAN. INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL MARCH MARCH MARCH APRIL MARCH MARCH 7 17 24 24 7 31 31 91.72 263.73 87.76 92.59 111.27 73.87 99.90 gjgjjfr, F E D E R A L H . 10 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 8 , FOREIGN EXCHANGE RATES APRIL 1 4 , FOR THE WEEK ENDING 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 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 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 IRATE U . S . CENTS) APR. 12 APR. 10 APR. 11 114.5000 6.90500 3.19000 87.5100 18.0500 24.1100 21.9950 49.8100 11.9300 187.5300 0.11750 0.45490 42.3600 4.3950 46.6450 102.5000 18.9000 2.4350 115.0500 1.2550 6.5000 114.6500 6.90250 3.18750 87.4700 114.6700 6.91250 3.19000 87.1100 24.0900 21.9700 49.6500 11.9300 24.1375 22.0300 49.7200 11.9300 187.5000 0.11750 0.45720 42.3750 4.3975 46.4800 102.7000 21.8200 53.8800 187.5300 18.0000 188.0000 0.11740 0.45592 42.3650 4.3950 46.5300 102.7000 18.8500 2.4300 115.0500 1.2547 6.5000 21.9150 53.8000 188.0000 .18.0100 18.8600 2.4300 115.0500 1.2557 6.5000 21.9000 53.6000 187.5000 APR. 13 APR. 14 114.4200 6.89000 3.17000 86.8400 17.9400 24.0800 21.8700 49.3300 11.9300 186.3000 0.11710 0.45590 42.3000 4.3950 46.2300 102.4000 18.7400 2.4250 115.0500 1.2549 6.5000 21.8400 53.2500 186.3000 114.4200 6.83750 3.16000 86.6500 17.8900 23.9950 21.8900 49.2100 11.9000 185.6000 0.11690 0.45578 42.2900 4.3925 46.1500 102.2500 18.6900 2.4150 115.0500 1.2513 6.5000 21.8150 53.0000 185.6000
@FedFRASER