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Selected Interest & Exchange Rates XAfeekly Series of Charts AUGUST 4,1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 y Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE 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 J SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY 120 CANADIAN DOLLAR FOREIGN CURRENCY PRJCE OF U S. DOLLAR 100 80 JAPANESE YEN 140 140 FRENCH FRANC 120 120 100 100 200 200 - - 180 120 . : r* 100 - 180 160 140 - — ' I I / / SWISS FRANC GERMAN MARK rZ"-: —\ : /v / / I | * \ j ~ \ > ~ r - I I I I J ,,i, - - M ~ T 7 i i i liiiiiiniii 160 160 " " 140 ~ 120 100 160 DUTCH GUILDER BELGIAN FRANC 140 140 120 120 100 100 120 r - —j - U.K. POUND 100 ITALIAN LIRA 120 100 v I 80 I I I I I I Mi,,I, 1973 I ^ 1875 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM 6 CANADIAN DOLLAR 0 6 PER CENT PER ANNUM 12 6 U.K. POUND SWISS FRANC 0 6 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 6 FRENCH FRANC 0 6 12 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others < Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 12.5 Kg BARS Afternoon fixing price 180 120 90 60 30 1973 1975 Chart 4 CALL MONEY RATES V WEEKLY SERIES *T PER ANNUM PER CENT PER AL OVERNIGHT EURO-DOLLARS 15 15 I— JAPAN I 10 10 5 5 U.S. FEDERAL FUNDS I 0 I I I I I 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 - FRANCE 15 10 10 5 - I 0 I 5 0 I 15 15 NETHERLANDS 10 - 10 CANADA 5 5 VW N 0 I I 20 !tIiiIII 0 20 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 0 5 EURO-DM 5 0 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES CANADIAN FINANCE CO. PAPER 12 UNITED STATES CD's 8 4 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 16 12 8 4 12 16 EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 4 1973 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 16 16 7-DAY 6-MONTH 12 8 16 16 1-MONTH 1-YEAR 12 8 4 1973 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 15 — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD'S 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM ENT PER ANNUM 20 20 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERLING Covered London 10 w EURO-DOLLAR DEPOSITS 5 I 0 ,\/l ( | ,tJ f A i M / i 7" | I DIFFERENTIAL r\ i DIFFERENTIAL 5 I / ' I y; "VA 10 I 15 I I I I I I UL "f v 1 1 1 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 U.S. COMMERCIAL PAPER 5 SWISS DEPOSITS (SF) ! I I ' \ / COVERED I ' 1 V* 0 V DIFFERENTIAL 5 I I I I I I I J DIFFERENTIAL J \ \i Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 lilu. 12 SWITZERLAND GERMANY 10 n /JAPAN Industrial 8 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 1 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro Dm bonds 10 Aaa bonds Euro-dollar bonds — 8 6 1973 1975 1973 1975 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 320 140 UNITED KINGDOM JAPAN 240 100 60 80 180 180 CANADA SWITZERLAND 100 100 60 60 45 45 180 180 FRANCE General index GERMANY 100 100 60 45 1973 1975 1973 1975 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1 . 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 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 3C 30 30 30 30 30 30 30 30 30 84.02 121.06 143.60 137.56 90.60 104.77 127.98 163.03 131.79 94.47 JULY JULY JULY JULY JULY JULY JULY 30 30 30 30 30 30 30 -0.37 -3.67 3.04 -3.84 2.71 3.56 JULY 30 166.75 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 0.62 CHART 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 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 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 30 30 25 18 25 25 18 25 18 25 JULY JULY MAY JULY JULY JULY JULY 30 30 30 30 30 30 30 6.25 6.30 10.06 7.25 4.10 4.79 11.00 7.00 1.63 3.71 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S 1 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT - 6.13 4.56 9.30 7.06 7.70 10.50 6.50 SERIES NAME LAST VALUE PLOTTI DATE VALUE CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON JULY JULY JULY JULY JULY JULY 6,30 30 30 30 30 30 30 6.53 7,06 8,05 8,49 30 30 30 30 30 30 6.30 6.25 0.04 7.06 6.13 0.83 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JULY 30 JULY 3 0 JULY 3 0 7.06 6.83 0.24 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JULY 30 JULY 3 0 JULY 30 6.38 7.33 -0.95 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JULY 3 0 JULY 30 JULY 3 0 7.06 7.60 -0.54 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JULY 30 JULY 3 0 JULY 30 7.06 9.21 -2.15 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 6,11 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 . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS JULY JULY JULY JULY JULY JULY CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS 6 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN <MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. JULY JULY JUNE JULY JULY JULY JULY JULY 8.09 25 18 27 11 18 18 18 18 7.85 13.72 JUNE 2 7 JUNE 2 7 JUNE 2 7 8.77 8.30 8.62 8.21 9.32 6.47 9.00 10.00 CORPORATE AAA BONDS EURO—DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JULY JULY JULY JULY JULY JULY JULY 25 18 18 11 18 25 25 94.99 215.24 107.28 99.07 71.20 66.71 85.90 statistical F E D E R A L R E S E R V E H.10 release AUGUST 1 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST1, 1975 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 foreignjcurrencies: 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 (RATE U.S. CtNTSl MONETARY UNIT JULY 28 JULY 29 JULY 30 JULY 3 1 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 POUND 130.2000 5*60000 2.63250 96.8500 17.0600 26.9100 23.0300 39.2500 11.7500 217.6000 0.15100 0.33580 40.4000 8.0000 37.9200 127.0000 18.6100 3.8500 139.7500 1.7240 14.0800 23.5000 37.2600 217.6000 129.8000 5.53000 2.61800 96.9100 16.9500 26.6700 22.9700 39.1400 11.7500 217.5500 0.15060 0.33630 40.0800 8.0000 37.7700 126.8000 18.5700 3.7900 139.7500 1.7155 14.0800 23.4100 37.1400 217.5500 129.8500 5.54000 2.60700 97.0500 16.7900 26.6100 22.9000 38.9300 11.7500 216.3000 0.15070 0.33620 39.9300 8.0000 37.7200 126.8000 18.5000 3.8000 139.7500 1.7190 14.0800 23.2900 37.0000 216.3000 130.0000 5.50000 2.60200 96.9200 16.7800 26.4400 22.9200 38.9400 11.7500 215.4000 0.15010 0.33590 39.9700 8.0000 37.7500 126.3500 18.4500 3.7800 139 . 7900 1.7130 14.0800 23.3000 37.0800 215.4000 129.50GC 5.50000 2.60700 96.9400 16.7500 26.4400 22.8800 38.9300 11.6000 214.7500 0.15020 0.33570 40.0000 8.0000 37.8000 126.3000 18.3800 3.7700 139.7500 1.7125 14.0500 23.2900 37.0600 214.7500 1
@FedFRASER