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• 5 - v y o [• Selected Interest & Exchange Rates Weekly Series of Charts , April 3,1978 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 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 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 £ MAY 1 9 7 0 PARIT CALE '0 PARITY=100 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 I I I I CANADIAN DOLLAR I I 160 /A — 180 FRENCH FRANC GERMAN MARK - 140 I 120 I I I I I ^ ~ 180 160 SWISS FRANC 140 JAPANESE YEN 120 100 160 DUTCH GUILDER BELGIAN FRANC 140 120 Illllllll 100 110 - 90 U.K. POUND I A ITALIAN LIRA - 70 1 ^ 1 - I 50 e 1976 1978 I I 1976 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 CANADIAN DOLLAR " - I I I I I I PER CENT PER ANNUM - - DUTCH GUILDER U. K. POUND A/*\ — 1 I - 12 - 18 I I I 1 I I * SWISS FRAf r\ vV^ " I I GERMAN MARK - N v 1 1 1 I /• - V" /V M h i l n l o AC M h l l l . l M 1 1 1 1 1 1 11111111111 / 1 FRENCH FRANC ~rw/ m I - JAPANESE YEN J - 12 1 1 1 1 1 1976 1 1 1978 1 1 1 1 1976 1 I I I I IIII III 1978 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U S . DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 180 160 180 160 12.5 Kg BARS AFTERNOON FIXING PRICE 140 140 120 100 100 1976 1978, CHART 4 CALL MONEY RATES WEEKLY SERIES PE? CENT PER ANNUM PER CENT PER ANNUM 12 U.S. FEDERAL FUNDS JAPAN 8 4 ~ OVERNIGHT EURO-DOLLARS I IIIIIIIIII 0 ilnlii 16 16 FRANCE 12 8 U.K. 2-DAY LOCAL AUTHORITY 4 0 12 12 NETHERLANDS CANADA 8 4 0 12 12 8 EURO-SWISS FRANC GERMANY 4 + 0 EURO-DM III III I I I I I 4 1976 1978 1976 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM CANADIAN FINANCE CO. PAPER 8 4 EURO-DOLLAR U.S. CD'S llllllllll 16 16 12 JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING 8 4 10 SWISS INTERBANK RATE 6 GERMAN INTERBANK RATE 2 1976 1978 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 10 OVERNIGHT In 3-MONTH - i'W j V * " X - I I I i i i uli i h i l i i I I I l l l l l l l l l l l 10 6-MONTH liA 7-DAY I I I hAV\z i ^ 1 1 1 r l l l l l l l l l l l #< — 1-YEAR — 1-MONTH - 1976 1978 1976 1978 10 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 10 FEDERAL FUNDS DASHED LINE EURO-DOLLAR DEPOSITS OVERNIGHT EURO-DOLLAR DEPOSITS 90-DAY CD'S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS + 0 J 1 I 1976 FAVORS BORROWING IN U. S. IF POSITIVE i i I i i I i i I i i I i i I 11 I i ' I i i 1978 111 1 1 1 1 1 1 1 < 1 1 1 1 1 1 1 1 1 1 1 1 1976 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUSC+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER AN EURO-DOLLAR DEPOSITS INTERBANK INTERBANK STERLING COVERED FRANKFURT COVERED LONDON EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL 1111111111 10 - CANADIAN FINANCE CO. PAPER, COVERED / z V A — - fww/ *<YS\l A I A __ » ~Jr' Ul> — — U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE - - EURO-DOLLAR DEPOSITS - DIFFERENTIAL A - DIFFERENTIAL . ii III h i l l i 1976 Mill lllllllllll 1978 1976 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER AN NT PER ANNUM 10 CANADA UNITED STATES - Ay/ — 8 I I I I I ; I 6 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY 18 UNITED KINGDOM 16 FRANCE 14 12 NETHERLANDS U. S. CORPORATE 10 8 MONTHLY U. S. CORPORATE MONTHLY 9 EURO-DOLLAR BONDS Aaa BONDS 7 EURO-DM BONDS 5 1976 1978 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SC 1969 140 120 - 100 - UNITED STATES - r - 80 UNITED KINGDOM - 1 1 1 60 I I I n l n l n l H JAPAN 200 160 - 140 — 120 - r\i 100 80 /Vv - 60 i 140 — 120 - i I i - \ A/ 100 CANADA I A I SWITZERLAND V 11111111111 - FRANCE ^ GERMANY 100 80 60 - y - i i i 120 GENERAL INDEX I I 1976 100 - - I - i 1978 i i I I 1976 I 80 60 1978 SERIES NAME CHART 8 . INTEREST A R B I T R A G E , LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 7.34 6.40 0.94 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 6.76 7.12 —0.36 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 7.34 7.58 -0.24 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 7.34 7.37 CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. MARCH MARCH FEB. MARCH MARCH MARCH MARCH MARCH 24 17 17 24 10 10 24 7 . ,98 5 .. 2 3 6 ., 2 1 3 ., 5 4 9 ,. 1 5 1 1 .. 0 4 7 .. 0 0 9.93 CORPORATE AAA BONDS EURO-OM BONDS EURO-DOLLAR BONDS CHART 1 0 . -0.02 FEB. JAN. JAN. 8.47 6.41 7.99 I N D U S T R I A L STOCK I N D I C E S UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 3 3 10 24 17 17 92.32 259.20 83.56 81.28 109.70 72.36 99.16 SERIES NAME I HART 8 . INTEREST A R B I T R A G E , LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 7.34 6.40 0.94 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 6.76 7.12 —0.36 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 7.34 7.58 -0.24 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL MARCH 2 9 MARCH 2 9 MARCH 2 9 7.34 7.37 CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. MARCH MARCH FEB. MARCH MARCH MARCH MARCH MARCH 24 17 7.98 5.23 17 24 10 10 24 3.54 9.15 11.04 7.00 9.93 6.21 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . -0.02 FEB. JAN. JAN. 8.47 6.41 7.99 I N D U S T R I A L STOCK I N D I C E S UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 3 3 10 24 17 17 92.32 259.20 83.56 81.28 109.70 72.36 99.16 •'oO*SS*U FEDERAL H. 10 RESERVE statistical release MARCH 3 1 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 3 1 , 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 MAR. 27 MAR. 28 (RATE U . S . CENTS) MAR. 29 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 114.0000 6.80000 3.15400 88.3900 17.8000 NA 21.4600 49.2000 12.0000 188.1000 0.11700 0.44400 42.4000 4.3850 45.9500 102.1000 18.6700 2.4300 115.0500 1.2531 6.5000 21.7000 53.0600 168.1000 114.2000 6.85750 3.16000 88.1650 17.9000 23.9325 21.5400 49.1700 12.0000 188.3500 0.11715 0.44440 42.3450 4.3950 45.9500 102.2000 18.8300 2.4425 115.0500 1.2531 6.5000 21.7400 52.9000 188.3500 114.5500 6.85750 3.16800 88.0800 17.9200 23.9500 21.6800 49.2000 12.0000 187.8700 0.11735 0.44990 42.3900 4.3950 46.0350 102.6000 18.8900 2.4400 115.0500 1.2539 6.5000 21.7350 53.1200 187.8700 MAR. 3 0 MAR. 3 1 114.2000 6.83750 3.16600 88.2200 17.9500 23.9300 21.7100 49.3200 12.0000 186.4000 0.11710 0.44970 42.3700 4.3975 46.0700 101.9500 18.6800 2.4350 115.0500 1.2488 6.5000 21.7800 53.2000 186.4000 114.1600 6.94000 3.20000 88.3200 18.0000 24.3000 21.9800 50.0400 12.0000 186.2000 0.11750 0.43500 42.3400 4.3925 46.8000 102*0000 18.9000 2.4425 115.0500 1.2492 6.5000 21.8900 54.6000 186.2000
@FedFRASER