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Selected Interest & Exchange Rates XAfeekly Series of Charts APRIL 26,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 I <> 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 RATESH.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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES 3 Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES A N D WEIGHTED A V E R A G E V A L U E S (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 100 r 80 I 140 I I I I I I 80 JAPANESE YEN l\ 140 FRENCH FRANC 120 I J / H v ' 100 ,V I I I I I I I 1 I | I I | ,1 | I I 200 200 - 180 - „ GERMAN MARK 180 SWISS FRANC I j^~\ AU 140 w * y ' J : 160 140 120 120 / r 100 160 120 " X Z*X > 100 160 120 CANADIAN DOLLAR 100 | | I I 1 1 1 1 1111111A11 100 160 DUTCH GUILDER BELGIAN FRANC 140 140 .,r 120 100 i M I i i 120 00 i 120 20 U.K. POUND ITALIAN LIRA 100 00 80 80 nHiilnlii Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY I :NT PER ANNUM CANADIAN DOLLAR c E PER CENT PER ANNl* 12 E 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 6 12 r "Y' / 0 : I; I I I I I 1974 I 1976 Chart 3 P R I C E O F G O L D IN L O N D O N AVERAGES FOR WEEK ENDING WEDNESDAY 210 „ 12.5 Kg BARS Afternoon fixing price 150 120 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER AL IT PER ANNUM 15 OVERNIGHT EURO-DOLLARS 5 0 10 JAPAN 10 l l I l l l l I I I I I I 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 15 f HT \ 10 5 0 I I I I I V 10 r ; 5 0 I 15 15 10 5 - U.S. FEDERAL FUNDS NETHERLANDS - CANADA 5 V || 0 20 I I 10 5 1111H11111111 0 20 EURO-SWISS FRANC 15 15 * GERMANY 10 10 5 5 0 EURO-DM 5 0 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM UNITED STATES CD's ~ l 1 1 1 1 1 m C l C A N A D I A N FINANCE CO. PAPER r U.K. INTERBANK STERLING EURO-DOLLAR SWISS DEPOSIT RATE ^ JAPAN Monthly llllillll Chart 6 EURO-DOLLAR DEPOSIT RATES L o n d o n AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER Al :NT PER ANNUM 16 16 OVERNIGHT 3-MONTH 12 12 8 8 4 4 II1111111II 16 16 6-MONTH - 12 12 8 l / i - 8 4 4 1 " i l l 1 1 16 16 1-MONTH 12 1-YEAR : 8 n A1 VAu ; 4 12 6 4 1 1 1 1 1 1 11111111111 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 r~ 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 ii! V 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1971 Favors Borrowing in U.S. if Positive v , ^ y 1976 1971 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUSH, INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM 20 20 |— 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS 10 EURO-DOLLAR DEPOSITS 5 0 DIFFERENTIAL U DIFFERENTIAL 5 10 15 ~ CANADIAN FINANCE CO. PAPER. COVERED EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL 5 1974 1976 1974 1976 t Chart 9 \ LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial .10 8 SWITZERLAND GERMANY 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 . 10 U.S. CORPORATE Monthly U S. CORPORATE Monthly / \ Euro-dollar bonds Aaa bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 45 140 400 300 UNITED KINGDOM JAPAN 200 100 35 240 140 180 100 SWITZERLAND CANADA 60 180 180 FRANCE General Index 100 GERMANY 100 60 45 45 1974 1976 1974 1976 SERIES NAME LAST VALUE PLOTTED DATE VALUE 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 2. APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 21 21 21 21 21 21 21 21 21 21 90.16 120.17 144.27 134.84 77.06 109.68 118.85 172.93 128.22 71.22 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 21 21 21 21 21 21 21 -4.51 -4.81 2.11 -6.73 4.26 2.28 0.42 APRIL 2 1 127.62 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 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 21 21 16 9 16 9 16 16 9 9 APRIL APRIL FEB. APRIL APRIL APRIL APRIL 21 21 4.78 4.73 7.88 8.80 3.40 3.27 6.75 7.63 4.00 0.80 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS I GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 21 21 21 21 4.98 3.60 8.35 5.31 9.75 8.65 4.50 SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE } EURO-DOLLAR DEPOSIT RATES: LONDON 21 21 21 21 21 21 4.73 4.90 5.04 5.31 5.85 6.73 21 21 21 21 21 21 4.73 4.78 0.15 5.31 4.98 0.16 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 2 1 APRIL 2 1 APRIL 2 1 5.31 3.83 1.48 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL APRIL 2 1 APRIL 2 1 APRIL 2 1 5.03 5.24 -0.21 EURO-DOLLAR DEPOSIT INTERBANK DM CFRANKFURT), COVERED DIFFERENTIAL APRIL 2 1 APRIL 2 1 APRIL 2 1 5.31 5.71 -0.40 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL APRIL 2 1 APRIL 2 1 APRIL 2 1 5.31 8.76 -3.45 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 APRIL APRIL APRIL APRIL APRIL APRIL INTEREST ARBITRAGE, 3-MONTH FUNDS \ < p t SERIES NAME LAST VALUE PLOTTED DATE VALUE •CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. APRIL 16 APRIL 2 FEB. 9 APRIL 9 APRIL APRIL 2 9 APRIL APRIL 9 7.49 7.55 8.61 5.19 9.35 10.06 7.14 13.95 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS MARCH FEB. FEB. 8.52 7.47 8.17 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL 1 6 APRIL 9 APRIL 2 MARCH 12 APRIL 9 APRIL 9 APRIL 9 105.58 220.47 106.62 114.51 94.24 70.91 101.21 FEDERAL RESERVE statistical release APRIL 2 3 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 2 3 , 1976 1976 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. 19 APR. 2 0 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 123.5000 5.50000 2.56600 101.4100 16.5800 26.0000 21.3700 39.4100 11.1000 185.4000 0.11380 0.33330 39.0300 8.0000 37.2500 100.4100 18.2100 3.3900 114.8500 1.4850 12.4000 22.7100 39.5700 185.4000 123.8500 5.51000 2.56500 101.5700 16.7300 26.0000 21.4200 39.4100 11.1000 184.7000 0.11390 0.33390 39.0000 8.0000 37.2500 100.2800 18.2100 3.3700 114.8500 1.4860 12.4000 22.7200 39.6300 184.7000 (RATE U . S . CENTS) APR. 2 1 123.7500 5.51000 2.56200 101.8800 16.6600 26.0300 21.4300 39.4000 11.1000 184.0000 0.11380 0.33380 39.0200 8.0000 37.2200 100.1400 18.2300 3.3700 114.8500 1.4865 11.9500 22.7300 39.5000 184.0000 A P R . 22 APR. 2 3 123.6200 5.51000 2.56300 101.5700 16.5800 26.0400 21.4200 39.3900 123.5200 5.50000 2.56350 101.4900 16.4900 25.9900 21.4400 39.3600 11.2000 181.9000 0.11230 0.33360 39.0000 8.0000 37.1900 99.9500 18.2000 3.3600 114.8500 1.4840 11.9000 22.7300 39.5500 161.9000 11.0000 182.9000 0.11300 0.33370 39.0600 8.0000 37.1900 99.8700 18.2700 3.3700 114.8500 1.4860 11.9500 22.7300 39.5500 182.9000
@FedFRASER