The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Z-'l-'lt) LIBRARY AUG 2 8 1978 # Selected Interest & Exchange Rates Weekly Series of Charts $ • August 21,1978 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 RATESIH. 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 SCALE MARCH 1973=100 RATIO MARCH 197 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 80 I I I I I 1§0 140 — - FRENCH FRANC GERMAN MARK - 120 100 x ~i I T T T I r - - i " i i i I I I 150 130 JAPANESE YEN _ SWISS FRANC Jj — 110 90 I I I I I I I 180 DUTCH GUILDER - BELGIAN FRANC 130 kAcf - 110 90 U I I I I I I I * ITALIAN LIRA 110 90 U.K. POUND - - 70 ^ I 50 1976 1978 I I I I 1976 - I 1978 - CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER AN 6 r ITALIAN LIRA + CANADIAN DOLLAR VY 0 6 I I r ^ - I 6 DUTCH GUILDER 5 U. K. POUND 6 12 16 ^ SWISS FRANC 6 . GERMAN MARK - + 0 I I I I I I , , | , , I I LLLLLLL I I 0 FRENCH FRANC - JAPANESE YEN - F 6 - 12 • I 1976 1978 I I I I 1976 I 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 220 220 200 12.5 Kg BARS AFTERNOON FlXltf® PRICE 1975 1976 1977 1978 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 U.S. FEDERAL FUNDS - OVERNIGHT EURO-DOLLARS 4 16 FRANCE 12 n " 8 - U.K. 2 - D A Y LOCAL AUTHORITY - 4 Illllllllll 0 - 4 — I I i I i i I , | I I | M 111 CANADA O I I I I I l I I iululiihiluliiliilii EURO-SWISS FRANC 0 EURO-DM l 1976 1976 l l l l 1976 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 — 12 CANADIAN FINANCE CO. PAPER WEIGHTED AVERAGE FOREIGN RATE U.S. CD § JAPANESE BANK LOANS AND DISCOUNTS - U.K. INTERBANK STERLING L±J I—LA I I I I I I II i l l 11II 111 10 SWISS INTERBANK RATE : A , Aaa GERMAN INTERBANK RATE I I I I l t»76 / I I 1970 l I I I 1976 l \ l l l l l l l l l l l 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM PER CENT PER AL 10 OVERNIGHT 3-MONTH 6 2 10 6-MONTH 7-DAY 6 L_U 2 10 — 1-YEAR - 1-MONTH . - I I I . I I I 2 1976 197# 1976 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER 10 8 PER CENT PER ANNUM - - 10 - FEDERAL FUNDS EURO-DOLLAR DEPOSITS EURO-DOLLAR — 6 - 4 - 2 9 0 - D A Y CO S DASHED LINE OFFBEHTIAL ADJUSTED FOR RESERVE RECMREMENTS ADJUSTED FOR RESERVE REQUIREMENTS VvUvvVVvY \ v \ a M J_L http://fraser.stlouisfed.org/ FAVORS BORROWMG W Federal Reserve Bank of St. Louis I I I I I I I I I I I t»76 U. S. F POSITIVE + 0 I I I I I I I I 1978 I I I I I I I I I II I I I I I I I M I I I 1976 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 10 PER CENT PER ANNUM - EURO-DOLLAR DEPOSITS INTERBANK STERLING COVERED COVERED L9M90M I U G O - D O L L A R DEPOSITS DASHED LINE DIFFERENTIAL I 10 l I a i i h i 11 i l l 11liil11 - CANADIAN FINANCE CO. PAPER, COVERED „ EURO-DOLLAR DEPOSITS k A. i US. COMMERCIAL „ H v** SWISS INTERBANK (SF) COVERED DASHED LIFE DASHED LINE - - DIFFERENTIAL DEFERENTIAL i l l n 11 i h i l n l i i l n l 1976 1976 I I I I I 1976 I , n l . i 11 i i 111 n l u l l 1111 1976 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER :ENT PER ANNUM PER CENT PER AL 9 10 CANADA UNITED STATES 7 8 5 6 8 10 JAPAN INDUSTRIAL 6 SWITZERLAND 8 4 6 2 18 4 13 16 UNITED KINGDOM 11 14 9 12 7 NETHERLANDS 10 5 11 U. S. CORPORATE L _ i l M MONTHLY U. S . 9 CORPORATE 8 MONTHLY 9 EURO-DOLLAR BONDS Aae BONDS 7 7 EURO-DM BONDS 5 LJ_1 U 1976 1978 5 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES SCALE RATO 1969: 140 120 UNITED STATES 100 UNITED KINGDOM 80 60 320 280 240 200 160 140 120 CANADA 100 80 60 140 120 FRANCE GENERAL INDEX GERMANY 100 - 80 — 60 I 1976 1978 I I , I I 1976 I 1978 SERIES NAME CHART 1 . LAST VALUE PLOTTED DATE VALUE SPOT EXCHANGE RATES AND I N D I C t S 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. 16 16 16 16 16 16 16 16 16 51 .06 0 ,54004 47 ,02 196 .90 87 .93 23 .44 61 .63 3 .24116 0 .12105 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 16 16 16 16 16 16 16 16 16 143.64 141.40 134.98 79.64 87.64 105.64 198.28 127.72 68.76 16 16 16 16 16 16 16 16 16 16 88.53 137.51 132.40 124.40 69.97 78.23 95.53 183.24 116.96 60.27 16 16 16 16 16 16 16 16 -0.55 -2.88 5.46 -0.58 7.81 2.44 6.93 -5.16 I N D I C E S , MARCH 1 9 7 3 BASE RATES = 100 bERMAN 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 I N D I C E S , MAR 1 9 7 3 = 100 U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWI SS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. COUNT 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 CHART 3 . LAST VALUE PLOTTED DATE VALUE GOLD PRICE I N LONDON U . S . DOLLARS PER FINE OUNCE AUG. 16 212.02 CHART 4 . CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-OM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 16 16 11 11 11 11 11 11 4 11 7.87 7.77 9.38 8.83 2.90 2.75 4.25 7.13 4.78 -0.45 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 16 16 16 16 16 16 16 7.76 3.59 4.63 5.83 8.74 9.33 0.55 AUG. AUG. AUG. AUG. AUG. AUG. 16 16 16 16 16 16 7.77 7.94 8.04 8.33 8.56 8.80 16 16 16 16 16 16 7.77 7.87 0.22 8.33 7.76 0.42 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS WEIGHTED AVERAGE FOREIGN INTEREST RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 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 A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS AUG. AUG. AUG. AUG. AUG. AUG. SERIES NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DULLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL AUG. 16 AUG. 16 AUG. 16 B<. 3 3 6 .. 4 5 1 .. 8 8 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL AUG. 16 AUG. 16 AUG. 16 7.76 8.19 - 0 . .43 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. 16 AUG. 16 AUG. 16 8 . .33 9 .. 0 5 - 0 ..73 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL AUG. 16 AUG. 16 AUG. 16 8 ,. 3 3 8.36 - 0 . .03 AUG. JULY JULY AUG. AUG. JULY AUG. AUG. 8.39 6.15 6.07 3.37 9.10 10.31 7.68 11.39 CHART 9 . LONG TERM GGVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 11 28 4 11 28 4 4 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . JUNE JUNE JUNE 8.76 6.54 8.14 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY AUG. JULY JULY JULY AUG. AUG. AUG. 11 28 21 14 11 11 4 107.27 279.04 97.75 110.31 122.63 73.42 102.14 F E D E R A L H.10 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 - AUGUST 2 2 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 1 8 , 1978 1976 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. 1 4 CRATE U . S . CENTS) AUG. 16 AUG. 15 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 116.3500 7.12000 3.25000 87.8450 18.5500 24.6750 23.6200 51.3600 12.6600 198.0500 0.12195 0.54420 43.8500 4.3775 47.3000 106.4000 19.3600 2.2450 115.0000 1.3378 6.4000 22.8300 63.0000 198.0500 116.3000 7.12000 3.26580 87.7700 18.5000 24.9550 23.5800 51.1300 12.6600 197.2000 0.12140 0.53970 44.2500 4.3775 47.0200 106.8000 19.4100 2.2500 115.0000 1.3479 6.4000 22.8900 62.2000 197.2000 116.3500 7.12250 3.27100 87.8300 18.5500 24.8100 23.5300 51.4100 12.6600 197.6000 0.12160 0.54160 44.2500 4.3775 47.3500 106.3500 19.3900 2.2500 115.0000 1.3481 6.4000 22.9900 62.7500 197.6000 AUG. 17 AUG. 18 115.4000 7.01250 3.20000 87.9000 18.1000 24.5575 22.9800 50.1500 12.6600 193.9000 0.1193 0 0.53100 43.6000 4.3750 46.2500 105.5000 19.0000 2.2025 115.0000 1.339b 6.4000 22.5000 60.5000 193.9000 115.3500 7.05000 3.21700 87.8300 18.1400 24.5950 23.1300 50.1700 12.6600 194.0000 0.12000 0.52950 43.8000 4.3750 46.2500 105.5000 19.1200 2.2300 115.0000 1.3464 6.4000 22.6500 60.8000 194.0000
@FedFRASER