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(516/517) ?!? ft0tRI Of ARY ^7 m »*** CW^®0 4 '9/9 *™*°fCHKAg Selected Interest & Exchange Rates Weekly Series of Charts August 13,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 2 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 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 : MARCH 197 1=100 CALE 1973=100 120 — - 100 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR - CANADIAN DOLLAR V I I I 60 120 FRENCH FRANC GERMAN MARK 80 - - V : 100 - — 80 " I I I I I I 240 SWISS FRANC JAPANESE YEN 200 J/AW 160 - 120 I _ DUTCH GUILDER - A / 160 BELGIAN FRANC - 140 - 140 - 120 — I I I - 100 I I I I I I I I I 100 ITALIAN LIRA U.K. POUND 80 60 1977 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 — ITALIAN LIRA CANADIAN DOLLAR - - - t T T I I i I' i I 1 1 1 I I DUTCH GUILDER U. K. POUND - 12 18 18 12 GERMAN MARK __ - I I I I I I I — SWISS FRANC 12 A - j - , ,|,, H i i i I n i ,, JAPANESE YEN FRENCH FRANC - ,, 6 0 12 f \ A ~ 6 — + 0 12 - I 1977 1979 I I I I 1977 I I I I I I I I I I II 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE LARS PER FINE OUNCE 320 300 280 260 12.5 Kg BARS 240 AFTERNOON FIXING PRICE 220 200 180 160 140 120 J 1976 L_± 1977 i i I i 1978 100 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES CENT PER ANNUM PER CENT PER AL 14 10 JAPAN - - OVERNIGHT EURO-DOLLARS V/VR 6 „ U.S. FEDERAL FUNDS ill 2 I I I I I I 16 12 U.K. 2-DAY LOCAL AUTHORITY NETHERLANDS 8 4 0 —— 12 FRANCE " N CANADA V -jJ* 8 4 I I v«l I 8 EURO-SWISS FRANC GERMANY 4 + EURO-DM 0 4 1977 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U K INTERBANK STERLING - 12 12 u. S. CD'S / ^ A z V - - / ^ J i i WEIGHTED AVERAGE FOREIGN RATE i i i l i i l n l n 10 GERMAN INTERBANK RATE h JAPANESE BANK LOANS AND DISCOUNTS t - - 2 I I l 1 1 1 13 SWISS INTERBANK RATE . CANADIAN FINANCE CO. PAPER X I m / 1 /S - 1 1 1 1 1 1 1977 1 1979 1 1 1 1 1977 vV, 1 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM _ OVERNIGHT 3-MONTH J - I I I I I I I 7-DAY — 1/ 6-MONTH - - - — i i r r i - i i 1-MONTH I I I ii I ii h i l l i I IIIIIIIIII F - 1-YEAR - J — - - I I I I I I 1977 I I 1979 I I I I 1977 I 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM f r - u yrrr OVERNIGHT EURO-DOLLAR DEPOSITS J) 3-MONTH EURO-DOLLAR FEDERAL FUNDS / DASHED LINE I I I DEPOSITS 90-DAY CD S -J DASHED LINE i i I i i I i i I i i i i I i i I i i I i i I i i i I i i I i i — DIFFERENTIAL DIFFERENTIAL ADJUSTED 1 FOR RESERVE REQUIREMENTS - - - + 0 I 1979 1977 F A V O R S BORROWING IN U. S. IF POSITIVE I I I I I 1977 I I I I I I I I I I I I I I I I I I I I I I I 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER ANN NT PER ANNUM 14 16 12 12 EURO-DOLLAR DEPOSITS Y CANADIAN FINANCE CO. PAPER, COVERED 10 8 8 4 INTERBANK STERLING + 0 COVERED LONDON T U.S. COMMERCIAL PAPER 4 4 4 6 + DIFFERENTIAL 0 DIFFERENTIAL + 0 2 16 16 14 14 SWISS INTERBANK (SF) COVERED 12 12 INTERBANK DM 10 COVERED FRANKFURT 10 fl 8 8 '/ EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 6 6 DASHED LINE 4 4 2 + 0 DIFFERENTIAL + 0 DIFFERENTIAL 2 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER AN ENT PER ANNUM 10 UNITED STATES CANADA — j — 8 6 I I I I I I I I " I I I 10 Ki 8 SWITZERLAND - GERMANY 6 — I 4 I I I I I 13 UNITED KINGDOM FRANCE 11 9 7 NETHERLANDS U 5 11 U. S. CORPORATE MONTHLY 9 AM* BONDS 7 EURO-DOLLAR BONDS 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO S 1968 RATIO 1969=' 140 120 UNITED STATES UNITED KINGDOM 100 80 360 320 JAPAN 280 240 200 140 SWITZERLAND 120 CANADA 100 80 150 130 FRANCE GENERAL INDEX GERMANY 110 90 70 1977 1979 1977 1979 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) 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 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 8 8 8 8 8 8 8 8 8 54 . 6 4 0 .46172 49 .83 224 . 1 0 85 . 1 8 23 . 5 2 60 . 3 1 3 .41740 0 .12205 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 8 8 8 8 8 8 8 8 8 1 5 3 , ,70 120..89 1 4 3 , ,04 9 0 . .64 84..90 105. .99 194..02 134..66 69..33 8 8 8 8 8 8 8 8 8 8 8 87,,17 1 4 6 . ,94 1 0 9 , ,58 130.,64 7 9 . ,63 7 4 . ,61 94.,59 176,.95 122. .08 60..01 94,,13 8 8 8 8 8 8 8 8 - 0 . .54 - 3 . .20 4..63 - 0 . .79 9..86 2 .01 5..23 - 4 . .01 INDICES, 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 WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 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 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. SERIES NAME LAST VALUE PLOTTE DATE VALUE CHART 3 . GOLD PRICE I N LONDON, AFTERNOON FIXING U . S . DOLLARS PER FINE OUNCE AUG. 8 286.96 AUG. 8 AUG. 8 AUG. 3 AUG. 3 AUG. 3 AUG. 3 AUG. 3 AUG. 3 JUNE 15 AUG. 3 10.67 10.92 13.88 12.00 6.15 6.04 6.63 10.38 7.10 1.59 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 8 8 8 8 8 8 8 10.25 6.90 7.00 11.64 14.08 1.50 8.70 AUG. AUG. AUG. AUG. AUG. AUG. 8 8 8 8 8 8 10.92 10.78 10.88 11.00 11.01 10.65 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 CHART 5 . 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS 6 DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE CG-10 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH ' 1-YEAR . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. AUG. AUG. 8 8 8 10.92 10.67 0.25 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL AUG. AUG. AUG. 8 8 8 11.00 10.25 0.75 % SERIES NAME LAST VALUE PLOTTED VALUE DATE CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL AUG. AUG. AUG. 8 8 8 11..00 10,,76 0,.24 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL AUG. AUG. AUG. 8 8 8 10,,04 11,.08 - 1 , .04 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. AUG. AUG. 8 8 8 11..00 11,.61 - 0 . .61 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL AUG. AUG. AUG. 8 8 8 11.00 11..39 -0.39 AUG. JULY JUNE JULY AUG. JULY JUNE JULY 3 27 8.97 7.64 8.07 3.45 9.97 10.83 8.81 10.39 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 13 3 6 15 27 . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 9.29 6.63 8.72 JUNE DEC. MAY INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY AUG. JULY DEC. JULY JULY JULY JULY 3 20 29 13 6 13 20 107..16 290,.39 113..81 133..90 112.,20 77..22 98..88 FEDERAL RESERVE H.10(512} statistical release AUGUST 13» 1979 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 1 0 , 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^ 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 AUG. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POV 0 112.9900 7.47105 3.41530 85.0702 18.9538 26.0451 23.5377 54.6598 12.5200 205.1500 0.12217 0.46200 46.3607 4.3764 49.8878 101.9700 19.8689 2.0416 119.1500 1.5133 6.4000 23.7417 60.3865 223.8500 6 AUG. 7 IRAlFE U . S . CENTS AUG. 8 112.8600 7.47384 3.41880 85.2515 18.9394 26.0078 23.5266 54.6001 12.5200 205.4000 0.12195 0.46189 46.3607 4.3821 49.8256 101.5700 19.8689 2.0325 119.1500 1.5124 6.4000 23.7079 60.2773 221.7000 112.8200 7.46547 3.41997 85.4044 18.9430 26.0213 23.5211 54.6657 12.5200 205.7500 0.12209 0.46199 46.2963 4.3821 49.8679 101.3800 19.8393 2.0305 119.1500 1.5135 6.4000 23.6855 60.3136 221,5000 AUG. 9 113.0100 7.50469 3.42700 85.2588 19.0458 26.0688 23.5682 54.8306 12.4500 206.2500 0.12232 0.46286 46.4037 4.3802 49.9077 101.7000 19.9481 2.0346 119.2500 1.5135 6.4000 23.7304 60.5510 223.4500 AUG. 10 113.1000 7.51174 3.42818 85.2952 19.0694 26.1986 23.5516 54.8607 12.5000 206.8000 0.12243 0.46318 46.4900 4.3802 49.9500 101.8700 19.9960 2.0387 119.2500 1.5119 6.4000 23.7501 60.7275 224.8000
@FedFRASER