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Selected Interest & Exchange Rates Weekly Series of Charts APRIL 21, 1975 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE / / BOARD OF GOVERNORS ( F E D E R A L RESERVE SYSTEM Washington, D.C. 20551 7 Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. 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-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 I N D E X E S OF 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 W E E K E N D I N G W E D N E S D A Y RATI FOREIGN CURRENCY PRICE OF U.S. DOLLAR Weighted average 100 120 CANADIAN DOLLAR 90 100 ' 80 I I I I I I I 111111 h i JAPANESE Y E N 140 K :—.J 120 140 FRENCH FRANC 120 1 100 100 I I I I I I I i i 1 i 1 1 — 200 - 200 180 160 180 GERMAN M A R K SWISS FRANC J 180 - 140 140 120 120 1 100 180 1 1 I I I lllllllllll lllllllllll DUTCH GUILDER : M ^y r >/ B E L G I A N FRANC 140 120 1 100 1 1 i i i l 120 ITALIAN LIRA - 100 . 140 100 100 80 180 120 120 U.K. POUND 100 1 1 1 1 1 1 80 4 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 nlnlii 6 6 U.K. POUND SWISS FRANC 0 6 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 0 6 12 http://fraser.stlouisfed.org/ 1973 Federal Reserve Bank of St. Louis 1975 1973 1975 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS Afternoon fixing price 180 150 120 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES :NT PER ANNUM PER CENT PER AI OVERNIGHT 15 15 EURO-DOLLARS JAPAN i 10 5 10 5 U.S. FEDERAL FUNDS I 0 I I I I I 0 lllllllllll 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 15 FRANCE 10 10 5 5 I 0 I I I I I lllllllllll 15 0 15 10 NETHERLANDS 10 CANADA 5 vWfW 0 20 5 i i 111111 111 11 H I H I H I M 0 20 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 l 0 l' EURO-DM Digitized5 for FRASER If 5 0 5 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER AK CENT PER ANNUM CANADIAN FINANCE CO. PAPER 12 12 UNITED STATES CD's 8 8 4 4 U.K. INTERBANK STERLING 16 18 12 12 8 8 4 4 16 12 EURO-DOLLAR 12 8 SWISS DEPOSIT RATE I - 8 4 4 JAPAN Monthly W ii I - I I 0 Cha. t o EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 18 16 7-DAY 5-MONTH 12 8 16 18 1-MONTH 1-YEAR 12 8 1973 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD'S 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+). INDICATES FAVOR DOLLAR ASSETS PER ANNUM PER CENT PER 20 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERLING Covered London ^ . 10 10 5 0 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 1 0 0 DIFFERENTIAL DIFFERENTIAL Digitized for 5 I FRASER http://fraser.stlouisfed.org/ 1973 Federal Reserve Bank of St. Louis 5 1975 1973 1975 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS \V WEEKLY SERIES 10 UNITED STATES CANADA 8 5 6 12 8 SWITZERLAND GERMANY 7 10 ./ JAPAN Industrial 8 5 8 3 14 18 UNITED KINGDOM 18 12 FRANCE 10 14 • 12 NETHERLANDS 10 6 e 4 12 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro Dm bonds 10 12 10 Euro dollar bonds 8 8 6 8 Yl INDUSTRIAL STOCK INDEXES ' ^ WEEKLY SERIES RATIO SCALE 1969=100 160 UNITED STATES 100 60 45 320 JAPAN 140 UNITED KINGDOM 240 100 160 60 80 36 180 ISO CANADA SWITZERLAND 100 100 •0 60 180 100 FRANCE General index GERMANY 100 100 80 1S73 tttt 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 . LAST VALUE PLOTTED DATE VALUE APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 16 16 16 16 16 16 16 16 16 16 79.87 123.58 153.14 146.54 98.45 107.11 131.70 169.99 141.31 98.29 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 16 16 16 16 16 16 16 0.29 -4.96 2.74 -3.92 2.34 1.18 0.71 APRIL 16 168.48 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 16 16 11 11 11 11 4 11 4 11 5.44 5.24 8.13 6.75 2.90 3.08 12.50 8.38 6.63 4.33 APRIL APRIL JAN. APRIL APRIL APRIL APRIL 16 16 31 16 16 16 16 5.88 4.54 9.39 7.01 6.90 9.45 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 JAP AN 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 SWISS DEPOSIT FRASER Digitized for \v\ LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 16 16 16 16 16 16 5.24 5.49 5.99 7.01 7.99 16 16 16 16 16 16 5.24 5.44 0.02 7.01 5.88 1.04 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 16 A P R I L 16 APRIL 16 7.01 4.48 2.53 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 6.18 7.19 -1.01 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 7.01 7.28 -0.27 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL APRIL 16 APRIL 16 APRIL 16 7.01 8.84 -1.83 APRIL APRIL APRIL APRIL APRIL APRIL 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 . 8.26 APRIL APRIL APRIL APRIL APRIL APRIL INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. APRIL 11 APRIL 4 MAR. 2 8 MAR. 2 1 APRIL 11 APRIL 4 APRIL 4 APRIL 4 8.21 8.69 9.94 6.79 8,64 10.13 8.36 13.61 MAR. 2 8 FEB. 28 FEB. 28 8.67 8.75 8.53 APRIL 11 MAR. 2 8 APRIL 4 APRIL 4 APRIL 4 APRIL 4 APRIL 11 86.38 207.88 96.43 101.97 70.44 63.95 91.04 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE I N D U S T R I A L STOCK INDEXES U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY H.10 APRIL 1 8 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 1 8 , 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 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 (RATE U . 6 . CENTS) APR. 16 MONETARY UNIT APR. 14 APR. 15 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FR ANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 134.1000 5.89000 2.81500 99.0800 17.9500 27.9500 23.7100 41.7000 12.6000 235.5900 0.15690 0.34330 43.6500 8.0000 40.8500 132.5000 19.9300 4.0300 146.7500 1.7700 15.4000 24.9300 38.7700 235.5900 132.9500 5.89000 2.83150 98.9300 17.9800 27.9200 23.8200 41.8800 12.6000 236.6500 0.15740 0.34370 43.5800 8.0000 41.0600 132.2500 19.9800 4.0300 146.7500 1.7715 15.4000 25.0100 38.9200 236.6500 134.1000 5.90000 2.83000 98.8900 17.9800 27.9600 23.7900 41.9200 12.6000 236.5500 0.15750 0.34320 43.6800 8.0000 41.0900 132,3500 19.9 700 4.0300 146.7500 1.7715 15.4000 25.0900 38.9600 236.5500 APR. 17 APR. 18 134.1000 5.91000 2.83400 98.5000 17.9800 28.0300 23.8100 41.9600 12.6000 237.0000 0.15750 0.34280 43.6800 8.0000 41.1700 132.3000 19.9700 4.0300 146.7500 1.7710 15.4000 25.0900 38.9400 237.0000 134.2000 5.93000 2.83500 98.3200 18.0100 28.0700 23.6200 41.9500 12.6000 2 37.4500 0,15750 0.34370 43.6800 8.0000 41.1700 132.6500 19.9900 4.0400 146.7500 1.7715 15.4000 25.1400 36.9100 237.4500
@FedFRASER