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Selected Interest & Exchange Rates Weekly Series of Charts AUGUST 22, 1977 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 INDEXES 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 INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1970 PARITY=100 RATIO SCALE MAY 1970 PAR1TY=100 — 100 30 CANADIAN DOLLAR 120 — FOREIGN CURRENCY PRICE OF U.S. DOLLAR ^ ^ — 100 / - * ' 80 I I ! I I I I I , " 80 140 140 FRENCH FRANC JAPANESE YEN 120 V-x I 100 / V I A V V I, . T ' V ' ' - — _ 120 100 I I I I I I I I I I I I I I I I ! I I I 11 I I I I L7 SWISS FRANC GERMAN MARK DUTCH GUILDER BELGIAN FRANC 100 100 - \ U.K. POUND r — ITALIAN LIRA il \\ i \ - 100 80 v fX C ~ 1 \ ^ 60 - I 1975 1977 1 1 1 1 1 1975 <<111I11I1< i i I i i I m I i 1977 ; CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM 6 CANADIAN DOLLAR + 0 - 6 I I I I I I PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND /x> - - 6 12 18 6 I I I I I I I IIIIIIIIII SWISS FRANC GERMAN MARK - 12 6 + 0 6 6 6 12 J A P A N E S E YEN + 0 2 PER CENT ON SCALE EQUALS 1 PER CENT ON A L L OTHER FRENCH FRANC 6 12 12 24 1975 1977 1975 1977 # CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FWF OUNCE 200 180 12.5 Kg BARS 160 AFTERNOON FIXING PRICE - \Q 120 100 - 80 1975 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS Vv\- JAPAN - - OVERNIGHT EURO-DOLLARS — 1 — 16 - - U.K. 2-DAY LOCAL AUTHORITY A 12 12 1 1 1 1 A 11 / V 1 1 1 1 1 11111111111 l l l l l l l l l l l - 12 1 1 FRANCE 1 KIMIMIII 4 j U 12 — NETHERLANDS CANADA 8 - - 4 - - \ - — 0 16 — V 1 — - J — 4 1 — fljl 8 1.T 1 1 1 - 111111111, i 8 0 20 EURO-DM EURO-SWISS FRANC GERMANY 1975 1977 1975 1977 - 16 - 12 — 8 - 4 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM CANADIAN FINANCE CO. PAPER J - \ UNITED STATES C D ' s " l I I I I I 14 10 U K INTERBANK STERLING - GERMAN INTERBANK RATE 6 — 14 M EURO-DOLLAR SWISS INTERBANK RATE JAPAN 10 I MONTHLY I N X I I I I I 1975 - JLL I 1977 1975 LL 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH w / A ^ % v w V ' v 8 - 4 - 4 - 12 ^ 7-DAY 6-MONTH 1-MONTH 1-YEAR — r \M ^ " 1975 - 1977 i i i I I 1975 - I 1977 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 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR 8 DEPOSITS FEDERAL FUNDS DASHED LINE W 90-DAY CD'S rJ DASHED LINE 4 DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS + 0 1975 FAVORS BORROWING IN U . S . IF POSITIVE 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 EURO-DOLLAR DEPOSITS DASHED LINE + 0 DIFFERENTIAL DIFFERENTIAL CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 6 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE + DASHED LINE DIFFERENTIAL 0 A DIFFERENTIAL 1975 1977 1975 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM CANADA UNITED STATES "z-A / x v\Z j i i i I V V \ \ _ I I \ JAPAN \ INDUSTRIAL v\ — J V y \ SWITZERLAND LA - GERMANY i i I i I I I IIIIIIIIII 2 18 - 16 UNITED IKINGDOM FRANCE , 14 12 NETHERLANDS - I U. S. CORPORATE MONTHLY I U. S. I I I CORPORATE / \ V I MONTHLY EURO-DOLLAR 10 BONDS / Aaa BONDS EURO-DM BONDS 11 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO £ 1969=1 ME 180 140 UNITED STATES 100 RATIO SCALE 1969-100 80 140 60 UNITED KINGDOM 100 360 280 JAPAN — 60 200 160 40 120 35 180 120 - - 100 - 80 - 60 140 SWITZERLAND -^X CANADA 100 \ - 80 I 60 I I 40 180 — 180 140 - — 140 FRANCE GENERAL — INDEX GERMANY 100 - 100 - 80 I 1975 1977 I I I I 1975 I 11111111111 1977 60 SERIES NAME CHART 1 . LAST VALUE PLOTTED DATE VALUE SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . 17 17 17 17 17 17 17 17 17 17 8 9 . 29 1 3 4 . 87 1 5 7 . 02 1 4 7 . 26 7 2 . 47 1 0 0 . 43 1 1 2 . 92 1 6 0 . 09 1 4 0 . 02 7 0 . 77 AUG. 17 AUG. 17 AUG. 17 AUG. 17 AUG. 17 AUG. 17 AUG. 17 -1.12 -1.44 2.69 -4.64 4.05 2.93 0.28 AUG. AUG. AUG. AUG. AUG. AUG. AUG . AUG. AUG. AUG. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . GOLD PRICE U.S. CHART 4 . IN LONDON DOLLAR PER F I N E OUNCE 17 144.28 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. JULY AUG. 17 17 12 12 12 5 12 12 29 5 5.94 6.00 7.00 7.33 3.95 3.89 5.75 8.50 0.15 1.00 AUG. 17 AUG. 17 JUNfc AUG. 17 AUG. i.7 AUG. 17 AUG . 17 5.86 4.03 7.60 6 . 46 7.49 6.84 2.35 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . AUG. 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN c I N A N C E COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN LAST VALUE PLOTTEC DATE VALUE S E R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 17 17 17 17 17 17 6 . OA. 5.%fc> 6.14 6.46 6.69 6.80 AUG. AUG. AUG. AUG. AUG. AUG. 17 17 17 17 17 17 6.00 5.94 0.31 6.46 5.88 0.47 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL AUG. AUG. ALG. 17 17 17 6.46 5.39 1.07 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL AUG. AUG. AUG. 17 17 17 5.80 6.37 -0.57 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL AUG. AUG. AUG. 17 17 17 6.46 6.72 -0.26 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL AUG. AUG. AUG. 17 17 17 6.46 6 . 40 0.06 AUG. AUG. AUG. AUG. AUG. AUG. 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 D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . C D ' S ( 6 0 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS !. INTEREST A R B I T R A G E , 3-MONTH FUNDS SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. LAST VALUE PLOTTED DATE VALUE AUG. AUG. JULY AUG. AUG. JULY JULY JULY 12 5 5 12 29 29 29 7.45 5.70 6.75 4.20 8.71 10.85 6.72 12.26 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 7.94 6 - 7 0 JUNE 7 , 6 4 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY J^Y JUNE AUG. AUG. JULY JULY AUG. AUG. AUG. 12 5 29 29 12 12 5 100.74 249.06 92.34 80.54 112.55 75.24 97.01 .•Joojfosfc. FEDERAL RESERVE statistical release f f u «»»*.• H . 10 AUGUST 2 2 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 19, 1977 1977 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 AUG. 15 AUG. AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R I 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 PESATA RUPEE KRUNA FRANC POUND 109.9800 6.04000 2.60000 92.9200 16.6200 24.7400 20.3230 42.8400 11.4700 173.9100 0.11328 0.37325 40.6900 4.3663 40.6750 96.7500 18.9700 2.5800 115.0000 1.1804 13.7300 22.7500 41.2300 173.9100 110.0000 6.02000 2.76700 92.8300 16.6000 24.7500 20.2580 42.7400 11.4700 174.0300 0.11310 0.37360 40.6800 4.3663 40.4650 96.7000 18.9250 2.5700 115.0000 1.1798 13.7300 22.6400 40.9200 174.0300 16 (RATE U . S . CENTS) AUG. 17 110.2000 6.04000 2.80000 93.0000 .16.6600 24.8000 20.3300 42.9400 11.4700 174.0700 0.11320 0.37490 40.6000 4.3600 40.6250 96.7000 18.9700 2.5750 115.0000 1.1808 13.7300 22.7000 41.0650 174.0700 AUG. 18 110.0600 6.05000 2.79900 92.8900 16.6500 24.7700 20.3350 42.9550 11.4700 173.9500 0.11300 0.37490 40.5300 4.3600 40.7000 96.7000 16.9300 2.5500 115.0000 1.1804 13.7300 22.6700 41.1900 173.9500 AUG. 19 110.0800 6.05000 2.80500 92.9050 16.6000 24.8300 20.3500 42.9400 11.4800 174.0300 0.11315 0.37415 40.4500 4.3575 40.6700 96.6500 18.9200 2.5600 115.0000 1.1806 13.7300 22.6125 41.3300 174.0300
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