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Selected Interest & Exchange Rates April 30,1979 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 RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 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 a LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES CHART 1 . SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 I # CANADIAN DOLLAR lull 180 160 GERMAN MARK - . " 140 •. FRENCH FRANC - - 120 100 I I I I I I|I III III I I I 160 • 140 — — JAPANESE YEN > — \ 120 \ : 100 * 80 SWISS FRANC - I I I I I I I i ill Mi ill i BELGIAN FRANC - - DUTCH GUILDER - - I I I I I I nliiliilii 111111,11,7 • ITALIAN LIRA U.K. POUND 80 Z A j X y i / - 1 1 1 1 1 1977 1 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 6 — CANADIAN DOLLAR ITALIAN LIRA - - - - T I M I I I im f r i i i mIHIMIM U. K. POUND DUTCH GUILDER 12 GERMAN MARK \ - — SWISS FRANC - I I I I M I Illllhllll I I riVi i FRENCH FRANC JAPANESE YEN I 1977 1979 I V . / I I I 1977 I - 11111111111 J J J JJjJjjJll 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE C UNCE LLARS PER FINE OUNCE 260 240 220 12.5 Kg BARS 200 AFTERNOON FIXING PRICE 160 160 140 120 I 1976 I I I I 1977 I I i i I n I i i I i i I i i I i i I i i I i 1978 1979 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 14 JAPAN 10 OVERNIGHT EURO-DOLLARS U.S. FEDERAL FUNDS I I I In 16 12 I — U.K. 2-DAY LOCAL AUTHORITY 1 1 NETHERLANDS - I I lllllllllll I — 12 CANADA ^ V R 1 - Z 1 ~ V I r ~ L A M I1 \ 1 1 1 1 1 1 12 Y W 1 ] EURO-DM 1 1 1 1 1 1977 - 8 - 4 EURO-SWISS FRANC I 1 V jJ 1 1 1 IIIIIIINIII , GERMANY ~N FRANCE 1 1878 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 UK. INTERBANK STERLING 12 U.S. CD'S WEIGHTED AVERAGE FOREIGN RATE # 10 GERMAN INTERBANK RATE - H # 6 * 2 I I I I JAPANESE BANK LOANS AND DISCOUNTS I l I l l I I I i 13 SWISS INTERBANK RATE RX/* . E CANADIAN FINANCE CO. PAPER - X 9 - - - I I I I I 1977 I Illlllllhl 1979 bviZ/ s v k j I I I I I 1977 I 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 _ OVERNIGHT J vx/v 3-MONTH i i l n l i i l i i 7-DAY 6-MONTH 1-MONTH 1-YEAR 1977 1979 1977 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 PER CENT PER ANNUM - - » 10 OVERNIGHT - 12 - 10 - 6 /• F EURO-DOLLAR DEPOSITS L ) 3-MONTH 6 EURO-DOLLAR DEPOSITS FEDERAL FUNDS 6 / DASHED LINE 90-DAY C D ' S DASHED LINE y ^ V 4 I I I I I I I I I I I I I I I I I I I I 1111111 I I I I I I I I I I I I I I I I I I I I 4 2 DFFEfENTIM. DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS A V ^ V X Y V wV w " 0 II 1 1 I 1 M 1 I I 1977 FAVORS BORROWING IN U. S. IF POSITIVE I I I M 1 M I I I 1979 I I 1977 I 11111111111 II111111111 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER ANNUM PER CENT PER 16 12 EURO-DOLLAR DEPOSITS J CANADIAN FINANCE CO. PAPER, COVERED 8 4 INTERBANK STERLING + 0 COVERED LONDON U.S. COMMERCIAL PAPER 4 4 DIFFERENTIAL DIFFERENTIAL + 0 16 14 SWISS INTERBANK 12 SF) COVERED INTERBANK DM 10 COVERED FRANKFURT 8 EURO-DOLLAR DEPOSITS 6 EURO-DOLLAR DEPOSITS DASHED LINE 4 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES PER CENT PER ANNUM PER CENT PER ANNUM 11 10 UNITED STATES — 0 6 - - CANADA - - I I I I I I — I I I I I I JAPAN INDUSTRIAL I IN 7 SWITZERLAND - - I I I I I I UNITED KINGDOM U. S . CORPORATE MONTHLY U. S . CORPORATE MONTHLY EURO-DOLLAR BONDS A## BONOS EURO-OM BONDS I I 1977 1979 1977 9 1 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO 140 120 UNITED STATES UNITED KINGDOM 100 80 360 320 JAPAN 280 240 200 140 120 SWITZERLAND CANADA 100 80 iilliIiilii 150 130 FRANCE GENERAL INDEX GERMANY 110 90 70 1977 1979 1977 1979 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . 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 INDICES, WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , CG-10 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 25 25 25 52.70 0.45894 48.66 206.31 87.59 22 . 9 3 58.20 3.32006 0.11838 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 25 25 25 148.26 120.17 139.68 83.44 87.30 103.35 187.24 130.83 67.25 25 25 25 25 25 25 25 25 25 25 25 89..69 1 4 4 . .58 1 1 1 . .61 1 3 0 . .45 74.. 5 1 78..77 9 4 . .30 174. .58 1 2 1 . .26 59..49 9 2 . .22 25 25 25 25 25 25 25 25 -0.43 -1.56 5.31 2.51 9.98 3.42 5.43 -1.24 MARCH 1973 BASE RATES = 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 CHART 2 . CENTS I MAR 1973 = 100 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL PREMIUM OR DISCOUNT APRIL APRIL APRIL APR I L APRIL APRIL APRIL APRIL # LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. CHART 4 . DOLLARS PER FINE OUNCE • APRIL 25 239.13 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 25 25 20 13 20 20 20 20 6 20 10,.09 10., 2 6 12.,00 10..98 5..10 5 ..06 5..06 7 . .13 6 ..60 0..84 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 18 9.94 5.56 5.25 11.18 11.71 1.20 6.89 APRIL APRIL APRIL APRIL APRIL APRIL 25 25 25 25 25 25 10.26 10.21 10.43 10.49 10.65 10.58 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS APRIL 25 APRIL 25 APRIL 25 10.26 10.09 0.17 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL APRIL 25 APRIL 25 APRIL 25 10.4% 9.94 0.55 CHART 5 . 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES s SERIES NAME •"CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 25 APRIL 25 APRIL 25 1 0 . 49 1 0 . 16 0 . 33 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 25 APRIL 25 APRIL 25 9 . 67 1 0 . 75 - 1 . 08 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL 25 APRIL 25 APRIL 25 1 0 . 49 1 0 . 87 —0 . 38 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL 25 APRIL 25 APRIL 25 1 0 . 49 1 1 . 18 - 0 . 70 APRIL APRIL MARCH APRIL APRIL FEB. APRIL APRIL 9 . 17 6 . 99 6 . 95 3 . 22 9 . 81 9 . 49 8 . 33 1 0 . 20 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 20 13 13 13 16 6 13 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 9 . 37 6 . 63 8 . 59 MARCH DEC. MARCH INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL APRIL DEC. FEB. APRIL APRIL APRIL 20 6 29 9 20 6 13 1 0 5 . 13 2 9 3 . 33 1 1 3 . 81 1 2 4 . 62 1 2 8 . 32 7 9 . ,80 1 0 2 . ,33 F E D E R A L H.10(512) 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 3 0 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 2 7 , 1979 1979 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 MONETARY UNIT APR. 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 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 110.5100 7.15436 3.31675 87.5734 18.8964 24.9159 22.8938 52.6233 12.0500 201.1000 0.11823 0.45798 44.9236 4.3764 48.5838 104.6500 19.4099 2.0387 117.9500 1.4693 6.4300 22.7376 58.1058 207.1400 23 APR. 2 4 (RATE U . S . APR. 110. 6 0 0 0 7 . 18520 3 . 32116 8 7 . 7116 18. 9 2 5 0 24. 9377 22. 9 3 5 8 52. 7037 12. 0 5 0 0 201. 6 8 0 0 0 . 11838 0 . 45777 4 4 . 9438 4 . 3764 4 8 . 6689 104. 6500 19. 4099 2. 0 4 2 9 117. 9500 1. 4 7 3 6 6. 4 3 0 0 22. 7 4 7 9 5 8 . 2072 206. 5500 CENTS) 25 110 . 4 8 0 0 APR. 26 7 .18907 3 .32447 87 . 5 9 6 4 18 . 9 3 9 4 24. 9594 22.. 9 7 2 7 52. 8430 110.5600 7.18520 3.31785 87.4050 18.9036 24.9252 23.0017 52.8709 0. 11861 0. 45830 44. 9640 4 .. 3 7 8 3 48. 6974 104. 5500 1 9 .. 3 8 3 6 2.. 0 4 2 9 118. 0 0 0 0 1. 4743 6. 4 3 0 0 22. 7 3 2 4 58. 3431 2 0 3 . 6500 201.7000 0.11827 0.45851 44.9742 4.3783 48.7424 104.3500 19.3855 2.0383 117.8500 1.4749 6.4300 22.7428 58.3942 204.7300 12..0000 201..2000 12.0000 APR. 27 110 . 3 7 0 0 7 .18649 3 .. 3 1 8 9 5 87. 4891 18.. 9 1 7 9 24. 8911 22.. 9 4 8 9 52. 7204 U .. 9 5 0 0 202.. 2 5 0 0 0 ..11818 0 .. 4 5 4 7 5 44. 9539 4 .. 3 7 6 4 4 8 .. 6 8 5 5 104. 4500 1 9 .. 3 7 9 8 .0383 1 1 7 .. 7 5 0 0 1 .. 5 1 4 0 6.. 4 2 5 0 22. 7 2 7 3 58. 2751 2 0 5 . 5200 2.
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