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j :7- H O (\\i L I B R J \ h y S £ p (516/517) i ? 1979 & £ Selected Interest & Exchange Rates Weekly Series of Charts August 20,1979 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 r / / 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=100 120 120 100 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 - CANADIAN DOLLAR 60 80 60 180 160 GERMAN MARK - - 140 FRENCH FRANC - - — — 100 — - 100 I 160 — 140 — I I I I I lllllllllll l l l l l l l l l l l " I I I I I 80 I 240 A/1 JAPANESE YEN 100 120 - 120 120 - — SWISS FRANC A / 200 YV\J - - 160 - - 140 I 80 M I M I IIIIIII.IM - f T T T r T i iiiiiiiiin lllllllllll 120 - 160 - 140 - 120 — 160 - BELGIAN FRANC 140 DUTCH GUILDER — A / 120 - — - - 100 I I I I I I H l i i l i i h i lllllllllll I I I I I - I 100 100 100 ITALIAN LIRA U.K. POUND 80 A J - I K60 80 60 V I I I I I 1977 I 1979 1977 1979 € CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM ( * ) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 6 — CANADIAN DOLLAR ITALIAN LIRA - - - T I M I I I llllilfill! I III II II III m i r i U. K. POUND i i - 24 — 6 lllllllllll DUTCH GUILDER 18 18 12 - - - GERMAN MARK — 6 — / x - >/Vx' ~"~_A ~~ SWISS FRANC -r 12 A/ / - — 6 + 0 I I I I I I I i i i FRENCH FRANC I n i JAPANESE YEN |,, 0 12 I VA — — - I 1977 1979 I I 1977 1979 # CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 320 320 - 300 300 280 280 - 260 - 240 - - 260 1 2 . 5 K g BARS AFTERNOON FIXING PRICE 240 - 220 200 - 180 - 160 - 140 - 120 - 220 200 - 180 - 160 - 140 120 I I I I I I I I I I 100 1976 1977 1978 M i l l 1979 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANN PER C NT PER ANNUM 14 JAPAN 10 - - OVERNIGHT EURO-DOLLARS 6 11 U.S. FEDERAL FUNDS n i l 2 16 U.K. 2 - D A Y LOCAL AUTHORITY 12 NETHERLANDS 8 4 0 - 12 FRANCE 1 - CANADA 8 1 4 1 1 8 I EURO-SWISS FRANC GERMANY Tl 4 EURO-DM + 0 I I I I I I I I I I Il l l l l l l l l l l I I I 1977 1979 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 8 WEIGHTED AVERAGE FOREIGN RATE 4 10 8 GERMAN INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS 6 2 13 SWISS INTERBANK RATE CANADIAN FINANCE CO. PAPER 1977 1979 1977 1979 * • • CHART 6 ; EURO-DOLLAR DEPOSIT RATES #, LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM . 12 - vx/v/V^ OVERNIGHT 3-MONTH - i i i i i 1 1 12 7-DAY i i m 6-MONTH i i M I N I 11 L u l u 1111 12 - 1-MONTH f - 1-YEAR - i M i 1 1 1977 i 1979 1977 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 12 12 - Vx 10 Vt/\/ 10 - OVERNIGHT EURO-DOLLAR DEPOSITS , 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS if* DASHED LINE 90-DAY C D ' S DASHED LINE I I I II I II 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 M I I 4 2 DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS w/ • I 1977 # FAVORS BORROWING IN U. S. IF POSITIVE 1979 I I I I 1977 II I 11111111111 11111111111 1979 CHART 8 * INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 14 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON US. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER ANNUM PER CENT PER 10 UNITED STATES CANADA 8 6 10 SWITZERLAND 8 GERMANY 6 1 1 I I I 11 4 13 UNITED KINGDOM FRANCE 11 9 7 NETHERLANDS 5 11 U. S. CORPORATE MONTHLY MONTHLY Aaa BONDS 9 JAPAN 7 EURO-DOLLAR BONDS 1977 1979 1977 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCA' 1969=1 2n 0n 0 140 120 UNITED STATES — V yVVA/ / V — — - - 160 UNITED KINGDOM 100 — 120 80 " 360 i l l i i i i i l i i h i l n , , I , , , , , 7 h — A A 320 - A/ 100 - JAPAN ^ 280 240 - 200 - — I I I I I I 11111111111 | |||||||||| — 1 1 1 1 1 1 lllllllllll lllllllllll 140 120 - CANADA J\J 100 — 80 I I I I I I 150 — 130 FRANCE /Vy GENERAL INDEX rJ 110 90 70 SWITZERLAND GERMANY - - V i I I I - I I 1977 I M I , , I | , I , I Ill H i l l I 1979 1977 1979 60 # SERIES NAME CHART 1 . LTST VALUE PLOTTED DATE VALUE SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NPON BUYING RATES ( U . S . C E T S ) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FPANC BELGIAN FRANC I T A L I A N LIRA INDICES, MARCH 1973 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. 15 15 15 15 15 15 15 15 15 54.71 0.46203 49.30 223.64 95.27 23.51 60.49 3.41929 0.12222 AUG. AUG. AUG. AUG . AUG. AUG. AUG. AUG. AUG. 15 15 15 15 15 15 15 15 15 153 . 9 0 120 .98 142 . 9 8 90 .45 34 . 9 9 105 . 9 4 194 . 6 2 134 . 7 4 69 . 4 3 15 15 15 15 15 15 15 15 15 15 15 87,. 1 4 147..13 109. .62 1 3 0 . .53 79..43 74..67 94..50 177..45 122..11 6 0 . .08 9 4 . .01 15 15 15 15 15 15 15 15 -0.41 -2.96 4.77 -3.74 9.90 2.01 5.21 -2.93 BASE RATES = 100 WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN D'JTGH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA AUG. A'JG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. CHART 2 . 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. LAST VALUF °LOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. DOLLARS PER FINE OUNCE AUG. 15 299.69 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. JUNE AUG. 15 15 10 10 10 10 10 10 15 10 10.78 10.97 14.13 11.50 6.15 6.21 6.63 10.38 7.10 0.91 AUG. AUG. A'JG. AUG. AUG. AUG. AUG. 15 15 15 15 15 15 15 10.53 6.95 7.00 11.68 14.05 1.50 8.72 AUG. AUG. AUG. AUG. AUG. AUG. 15 15 15 15 15 15 10 . 9 7 10 . 8 3 11 . 0 5 11 . 2 5 11 . 2 5 10 . 8 0 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. 15 AUG. 15 AUG. 15 10 . 9 7 10 . 7 9 0 .19 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL AUG. 15 A'JG. I F AUG. 15 11 . 2 5 10 . 5 3 3 .72 CHART 4 . CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO—OH JAPAN FRANCE NETHERLANDS EURO-SWISS CRANC 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 # LAST VALUE PLOTTED HATE VALUE S F R I E S NAME CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN F I N A N C E P A ° E R , DIFFERENTIAL COVERED COVERED EUP.O-OOLLAR D E P O S I T INTERBANK D*< (FR ANKFURT) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVFRMENT . # 10. 11 • ? 5 10 .9-3 0 .26 AUG. AUG. AUG. IS 15 15 I* . 2 4 11 . ? 6 - 1 .02 AUG . AUG. AUG. 15 15 15 11 11 . 1 0 — 0. ^ 5 AUG. AUG. AUG. 15 15 15 1 1 .?* 1.1 . 4 4 - 0 .LC AUG. AUG. JUNE JULY AUG. JULY JUNE JULY 10 3 3.94 7.51 3.07 3.45 9 .94 11.33 9 . 91 10.39 13 10 6 15 27 CORPORATE JULY DEC. J'JNF AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 15 15 15 BOND Y I E L D S U N I T E D STATFS GERMANY J A ° A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM IJ A'JG. AUG. AUG. INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK 9 .?0 6.63 9.79 INDICES AUG. 10 JULY 2 0 DEC. 2 9 JULY 13 AUG. 3 J U L Y 13 JULY 2 7 1 0 9 ,. 0 1 290, 1 13.. 3 1 1 3 3 ,. 9 9 1 0 9 ,. 9 9 7 7 .. 2 2 9 8 ,.59 e F E D E R A L R E S E R V E statistical release H.13(512) AUGUST 2 1 , FOREIGN EXCHANGE RATES AUGUST 1 7 , FOR THE WEEK ENDING 197C 197Q 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 U N I T E D KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC 0 . MARK RUPEE POUND LIRA YEN DOLLAR °ESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPFF KRONA FRANC POUND AUG. 13 112. 9 2 0 0 7 . 49064 3 . 41 880 8 5 . 3024 18. 9 9 69 26.. 2 0 8 9 2 3 .. 5 0 1 8 54. 7435 12.. 5 2 0 0 2 0 5 .. 7 0 0 0 .12226 0. 0 .. 4 6 1 7 2 46. 4576 4. 3802 4 9 .. 8 1 3 2 101.. 7 0 0 0 19. 944? 2.. 0 3 33 119. 4 ) 0 3 1 .. 5 1 3 5 6 .4000 ?3 . 7 2 2 3 f-0 . 5 1 4 4 2?3 . 5 5 0 0 AUG. 14 (RATH U . S . CENTS) AUG. 15 112.8900 7.45712 3.41297 85.2879 18.°215 26.0688 23.4577 54.5613 12.5200 205.6000 0.12209 0.46125 46.3822 4.3302 49.6921 101.1533 10.9005 2.0325 119.4000 1.5133 6.4100 7 3 . 6 6 5 9 60.3246 22 3 . 7 0 0 0 112. 8 8 0 0 7 . 46826 3 . 4094P 8 5 . 2224 18. 9 3 4 0 1383 2 3 . 4632 5 4 .. 5 5 5 4 12.. 5 2 0 0 2 0 5 ..8000 26. .12201 0. 0 .. 4 6 1 1 5 46 . 4253 4 .. 3 802 4 9 .• 6 6 4 8 101.. 3 5 0 0 19. 9104 2.. 0 3 3 8 119 .5500 1 .5129 6 .4000 23 . 6 6 7 5 6 0 . 3 = 00 223 .2 000 AUG. 16 1 1 2 . 8 8 0 0 7.47105 3.41413 85.4774 18.9609 26.1883 23.49C0 54.6896 12.^200 205.5000 0.12222 0.46087 46.3*22 4 . 1 8 2 1 49.76PA 101.1800 19.9283 2.0325 119.5500 1.5131 6.4000 23.6714 60.4230 ? 2 ? . l 0 0 0 AUG. 17 112.7200 7.47105 3.40600 85.4701 18.9336 26.0620 >3.4632 54.5494 12.5000 205.5000 0.12210 0.46019 46.2963 4.3821 49.6648 101.2033 19.8610 2.0305 119.2530 1.5133 6.4800 2^ . 6 1 2 7 60.2591 921.8300
@FedFRASER