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%-HHO e \V >iV - Selected Interest & Exchange Rates Weekly Series of Charts April 9,1979 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 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. 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=100 120 120 100 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 60 I I I CANADIAN DOLLAR - 100 - 80 11 60 180 160 GERMAN MARK - . FRENCH FRANC - - 120 - 100 - 60 - 140 - 120 I 100 I I I I I nil,In!,i ulii hill i 160 140 240 A A — JAPANESE YEN 120 — 100 - - ty^\_ SWISS FRANC x. A / ' 1 1 1 1 — 160 - 140 J - A \ 200 — - 80 - y j \ j v MIMIMIM n i l Mi i l l i M - ^ f T T T r l I • 1111111111 | | | | | h i l l 1 120 — 160 BELGIAN FRANC — DUTCH GUILDER - 140 120 100 - 100 I I I I I I 100 100 ITALIAN LIRA 80 _Vv x U.K. POUND ]^~\. / J\J - I 80 " X L — 60 I • I I I I 1977 I 11111111111 M I N I M I . I 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM PER CENT PER Al — CANADIAN DOLLAR ITALIAN LIRA 6 IM 6 U. K. POUND DUTCH GUILDER 0 6 12 18 12 GERMAN MARK SWISS FRANC / 6 - + 0 i i i I n i " n i l 11II111 6 FRENCH FRANC JAPANESE YEN J 0 \ - - 6 12 - I 1977 1979 I I I I 1977 I 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 5LLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 260 240 220 12.5 Kg BARS AFTERNOON FIXING PRICE 200 160 160 140 120 100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 14 10 JAPAN - - OVERNIGHT EURO-DOLLARS U.S. FEDERAL FUNDS 2 I I I I I J__L I I I I I I I IIIIIIIIII 16 U.K. 2-DAY LOCAL AUTHORITY \ I 12 NETHERLANDS - I I I I I 11 l i i h i l i i I FRANCE 12 CANADA XT I I l "" NX / V r r I IIIMIMIM I | GERMANY I I I I I ' I EURO-SWISS FRANC i 1 EURO-DM I I I 1 1 1977 1 l l l u h l h l 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER Ah :NT PER ANNUM 16 U.K. INTERBANK STERLING 12 U.S. CD'S 8 WEIGHTED AVERAGE FOREIGN RATE JUL 4 I I I 8 GERMAN INTERBANK RATE - - JAPANESE BANK LOANS AND DISCOUNTS 4 - I I I I I 0 I SWISS INTERBANK RATE 4 CANADIAN FINANCE CO. PAPER i/V I 1977 1979 I sA, I I I 1977 + 0 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 12 V & 3-MONTH / - I I I I I I I IIIIIIIIII I I I I I I I I 12 „ 6-MONTH 7-DAY — 11111111111 12 1-MONTH 1-YEAR - I 1977 1979 I I I I 1977 - I 11111111111 1979 # 4 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS 90-DAY CD S DASHED LINE •J DASHED LINE I I I I I I I I I I I DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS — F ^lYjAhA^ AvVVxyv^ w V " + 0 I T I I I I i i 1977 FAVORS BORROWING IN U . S . IF POSITIVE 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1979 I I I I I 1977 I I I I I I I I I I I I 11111111111 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER AN ENT PER ANNUM 16 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED ,V X 8 4 INTERBANK STERLING + 0 COVERED LONDON U.S. COMMERCIAL PAPER 4 4 DIFFERENTIAL . A VAVvviAvA V DIFFERENTIAL + ' 0 I I I I I I IIIIIIMIM 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM 10 COVERED FRANKFURT // 8 r - w/ I EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 6 DASHED LINE 4 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 11 10 UNITED STATES CANADA 8 — - 1 1 1 1 1 1 1 6 MlMlMlH - — zvv___ I I I I I I I I I II LULL I M l M l M l M JAPAN x INDUSTRIAL \ SWITZERLAND \ GERMANY FRANCE UNITED KINGDOM NETHERLANDS U. S. CORPORATE MONTHLY U. S. CORPORATE MONTHLY E U R O - D O L L A R BONDS / 7 - Aaa BONDS E U R O - D M BONDS I 1977 1979 I 1977 I 1979 9 7 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969= RATIO 140 UNITED STATES 120 UNITED KINGDOM 100 80 360 320 280 240 200 140 120 SWITZERLAND CANADA 100 80 I I 150 130 FRANCE GENERAL INDEX 110 GERMANY - - 90 — I 70 1977 1979 I I I I 1977 I 1979 LAST VALINE PLOTTED DATE VALUE SERIES NAME CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . GERMAN MARK JAPANESE YFN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA INDICES, APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 4 4 4 4 4 4 4 4 4 53.28 0.47209 49.44 206.44 86.30 23.18 58.81 3 . 3 6749 0.118R6 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 4 4 4 4 4 4 4 4 4 149.89 123.61 141.94 83.50 86.01 104.48 189.21 132.70 67.52 4 4 4 4 4 4 4 4 4 4 4 88.85 145.18 114.25 131.65 73.95 76.90 94.66 175.12 122.12 59.28 92.02 4 4 4 4 4 4 4 4 -0.53 -1.26 5 .72 2.69 10.92 3.47 4.69 -0.97 MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA 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 I T A L I A N LIRA SWEDISH KRONA CHART 2 . CENTS) MAR 1973 = 100 APRIL 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 ITALIAN LIRA APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL LAST VALUE P L O T ^ B 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 4 240.21 APRIL APRIL MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 4 4 30 23 30 30 30 30 23 30 9.95 10.31 13.25 11.30 5.20 4.88 4.75 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 4 4 4 4 4 4 4 9.99 5.12 4.77 11.21 12.01 0.45 6.57 APRIL APRIL APRIL APRIL APRIL APRIL 4 4 4 4 4 4 10.31 9.89 10.33 10.54 10.69 10.55 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 6.88 5.50 0.29 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 . EURO-DOLLAR DEPOSIT RATES: LONDON 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 ADJ. FOR RESERVE REQUIREMENTS APRIL APRIL APRIL 4 4 4 10.31 9.95 0.36 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL APRIL APRIL APRIL 4 4 4 10.5i 9.9* 0.55 SERIES NAME CHART 8 . # LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL APRIL APRIL 4 4 4 10.54 10.75 -0.22 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL APRIL APRIL 4 4 4 9.76 10.68 -0.92 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL APRIL APRIL 4 4 4 10.54 10.84 —0.30 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL APRIL APRIL 4 4 4 10.54 11.37 -0.83 MARCH MARCH FEB. MARCH MARCH FEB. MARCH MARCH 30 23 9.09 6.89 6.37 3.24 9.92 9.49 8.20 10.27 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 23 23 16 23 30 FEB. JAN. FEB. 9.26 5.81 8.61 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MARCH 30 MARCH 2 DEC. 29 9 FEB. MARCH 9 MARCH 2 MARCH 23 1 0 6 , .15 2 9 5 , .67 113, . 8 1 124,.62 1 2 2 . .77 80,.02 101,. 5 8 ##& E # F E D E R A L E E R E S E R V E E # statistical release I H.10(512) APRIL FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 6* 10, 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 0 . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 111.5000 7.23589 3.35683 86.3931 19.1479 25.0250 23.1294 53.0870 12.2900 203.7500 0.11869 0.47248 45.3309 4.3802 49.3097 105.3000 19.5084 2.0606 118.2000 1.4648 6.4550 22.8180 58.6682 206.7300 2 APR. (RA1FE U . S . CENTS' 3 APR. 4 111.2000 7.23066 3.36134 86.3111 19.1314 25.0282 23.1294 53.1293 12.2900 203.2000 0.11865 0.46642 45.1671 4.3802 49.3194 105.2500 19.5427 2.0627 118.0500 1.4626 6.4550 22.8990 58.6029 206.7000 111.1500 7.24113 3.35683 86.6026 19.1040 25.0376 23.1160 53.1096 12.2900 204.2000 0.11886 0.46451 45.1264 4.3783 49.2611 105.1000 19.5465 2.0640 118.1000 1.4682 6.4550 22.8519 58.6338 206.7100 APR. 5 111.0900 7.23066 3.35008 86.9036 19.0876 25.0282 23.1054 52.9857 12.3800 203.8500 0.11884 0.46462 45.0857 4.3764 49.2247 105.1800 19.5351 2.0631 118.0500 1.4449 6.4550 22.8310 58.4967 207.7000 APR. 6 111.0800 7.21891 3.34336 87.0247 19.0331 24.9906 23.0468 52.8234 12.3500 203.2500 0.11872 0.46533 45.0146 4.3745 49.1039 105.3000 19.4818 2.0555 118.0500 1.4618 6.4550 22.7687 58.3363 208.8200
@FedFRASER