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1 (516/517? fV;!\ F ' L - Selected Interest & Exchange Rates Weekly Series of Charts Auaust 6, 1979 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 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 MARCH 197 120 100 80 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 60 _ 180 1C0 GERMAN MARK FRENCH FRANC - 140 120 „ 100 I I I i l l 11 h i l l i 160 140 JAPANESE YEN SWISS FRANC - NLAJ 120 100 — - r T T T r T i 80 160 — 140 BELGIAN FRANC - DUTCH GUILDER 120 - 100 - I I I 100 80 — V U.K. POUND I / V ITALIAN LIRA — I 60 \ A j - I 1977 1979 I 1977 I 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 - - I I I I I I II I I I I I I I II I I I I I DUTCH GUILDER U. K. POUND 18 12 — — — GERMAN MARK SWISS FRANC - I 12 N i - i i i 1 n — i 6 0 12 JAPANESE 'YEN FRENCH FRANC J \ a ~ 12 - 1977 1979 1977 1979 + CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE U.S. DOLLARS PER FINE OUNCE 320 300 280 - 260 12.5 Kg BARS 240 AFTERNOON FIXING PRICE 220 - 200 - 180 - 160 140 120 - 100 I I I I I I 1976 1977 1978 I I I I I I I I 1979 CHART 4 GALL MONEY RATES WEEKLY SERIES 3 :ENT PER ANNUM PER CENT PER AL JAPAN - - OVERNIGHT EURO-DOLLARS - - U.S. FEDERAL FUNDS U.K. 2 - D A Y LOCAL AUTHORITY NETHERLANDS CANADA / w j i . FRANCE i " ifrJl I f 1 1 1 1 1 1 EURO-SWISS FRANC GERMANY EURO-DM 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 J 12 U.S. i— - 8 - 4 — • — S 6 12 CD S WEIGHTED AVERAGE FOREIGN RATE 10 - JAPANESE BANK LOANS AND DISCOUNTS T - , J - GERMAN INTERBANK RATE - • — 2 — I I I 1 1 JJ 0 1 13 • — SWISS INTERBANK RATE - . # # CANADIAN FINANCE CO. PAPER X 9 ^ # ~ | I | I | I 1 1 1 1 1977 1 1 1979 1977 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 3-MONTH OVERNIGHT 8 4 12 6-MONTH 7-DAY 8 4 12 1-YEAR 1-MONTH 8 i i l n l i i l i i 4 1977 1979 1977 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 12 12 1 7 ty/l V^\ \( 10 OVERNIGHT EURO-DOLLAR - 10 f DEPOSITS H 3-MONTH EURO-DOLLAR yy i r ; 1 FEDERAL FUNDS DASHED LINE zVv 1 1 1 1 DEPOSITS / 1 1 1 1 1 1 1 1 1 1 1 1 1 — 9 0 - D A Y CD S -J 6 DASHED LINE 1 1 1 1 1 1 1 1 1 1 1 4 2 DIFFERENTIAL ADJUSTED DIFFERENTIAL FOR RESERVE REQUIREMENTS — i — + 0 1 1977 FAVORS BORROWING IN U. S. IF POSITIVE 1979 1 1977 1 u 1111 u 1 u 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 ,V X INTERBANK STERLING COVERED LONDON / DIFFERENTIAL a /L \f\ / AAa U.S. COMMERCIAL PAPER A Aa w i RV DIFFERENTIAL I I I 1 1 1 ' IIIIIIMIM NI,,1,11,; 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 CENT PER AL CENT PER ANNUM 11 UNITED STATES — CANADA — 9 " l ! | I I I 7 7 SWITZERLAND 5 GERMANY - 3 nil Mill u 1 - i i i 16 UNITED KINGDOM FRANCE 14 12 10 NETHERLANDS 8 U. S. CORPORATE MONTHLY 11 MONTHLY Aaa BONDS 9 JAPAN EURO-DOLLAR BONDS 7 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO 140 120 UNITED STATES UNITED KINGDOM 100 80 360 320 JAPAN 280 240 200 140 120 SWITZERLAND CANADA 100 80 150 130 FRANCE GENERAL INDEX GERMANY 110 I 90 - I IIIIIIIIII IIIIIII 70 1977 1979 1977 1979 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1 . SPOT EXCHANGE RATES AND I N D I C E 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 INDICES, MARCH 1973 BASE R A T S WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , (G—10 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEM DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA 54.73 0.46340 49.83 229.44 85.49 23.52 60.52 3.42375 0.12219 AUG. AUG. AUG. AUG, AUG. AUG. AUG, AUG. 153.97 121 .33 143.05 92.80 85.21 10 5 . 9 7 194.69 134.91 69.41 = 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 CHART 2 . AUG. AUG, AUG. AUG. AUG. AUG, AUG. AUG. AUG. MAR 1973 = 100 AUG. AUG. AUG. AUG, AUG. AUG, AUG. AUG. AUG. AUG. AUG. 86.78 146.63 109.59 130.16 81 . 4 1 74.62 94.19 176.93 121.86 59.86 94.12 PREMIUM OR DISCOUNT AUG. AUG, rj, AUC JG < AUG, tug AUG] &UG Auci -0.49 -3.20 4.79 -1.11 10.32 1.89 5.31 -5.27 LAST VALUE PLOTT DATE VALUE SERIES NAME CHART 3 . GOLD PRICE U.S. I N LONDON, AFTERNOON F I X I N G DOLLARS PER FINE OUNCE 299.71 AUG. 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 CHART 5 . EURO-DOLLAR DEPOSIT RATES: 10.75 10.82 14.13 12.50 5.85 5.45 6.44 10.38 7.10 0.74 10.20 6.88 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 6.95 11.59 14.05 1.47 8.68 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 1 1 27 27 27 20 27 27 15 20 3-MONTH INTEREST RATES U . S . 9 0 - D A Y 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 . AUG. AUG. JULY JULY JULY JULY JULY JULY JUNE JULY SELECTED EURO-DOLLAR AND U . S . AUG. AUG. AUG. AUG. AUG. AUG. 10.82 10.69 11.03 11 . 1 3 11.11 10.78 MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. AUG. AUG. 1 1 1 10.82 10.75 0.07 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL AUG. AUG. AUG. 1 1 I 11.13 10.20 0.93 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 9 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL D APER CANADIAN FINANCE PAPER, DIFFERENTIAL COVERED COVERED AUG. AUG. AUG < 11.13 10.74 0.39 AUG. AUG, AUG. 9.98 11.09 -1.11 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL AUG. AUG. AUG. -0.62 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL AUG. AUG. AUG, 11.13 11.83 -0.71 CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . JULY JULY JUNE JULY JULY JULY JUNE JULY 27 20 13 20 6 15 20 9.01 7.74 8.07 3.45 9.76 10.83 8.81 10.25 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 11.13 11 .75 INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JUNE DEC. MAY 9.29 6.63 8.72 STOCK I N D I C E S JULY JULY DEC. JUNE JULY JULY JULY 27 20 29 29 6 13 13 105.91 290.39 113.81 134.60 112.20 77.22 97.01 # # # # # # # # # # F E D E R A L R E S E R V E statistical release fMl. Rf H.10(512) AUGUST FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 3, 7, 1979 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 NETHERL ANDS NEW Z E A L A N D NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM (RATE MONETARY UNIT JULY DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRQNA FRANC POUND 113.2600 7.46547 3.42583 65.6311 19.0114 26.1814 23.5073 54.5405 12.6000 205.2000 0.12210 0.46339 46.3392 4.3783 49.7142 102.7000 19.8807 2.0555 119.3500 1.5135 6.2000 23.8152 60.3136 231.3200 30 JULY 31 112.9000 7.42390 3.40600 85.4920 18.9573 26.0824 23.3209 54.5405 12.5700 202.8500 0.12180 0.46147 46.2428 4.3764 49.6524 101. 5000 19.8137 2.0597 119.1500 1.5126 6.2000 23.7192 60.2773 224.7500 U.S. AUG. CENTS] 1 113.0700 7.46129 3.41763 85.3242 18.9933 25.9909 23.5294 54.6747 12.5000 206.8500 0.12206 0.46286 46.4468 4.3764 49.8008 102.0500 19.8393 2.0450 119.3500 1.5126 6.2000 23.7643 60.3427 226.9500 AUG. 2 113.0200 7.48223 3.42114 85.0774 18.9753 26.0484 23.5349 54.6747 12.5000 206.0000 0.12214 0.46179 46.4253 4.3764 49.8331 102.0000 19.8452 2.0429 119.1500 1.5122 6.2000 23.7784 60.3136 226.6000 AUG. 3 113.0200 7.45990 3.41180 85.1137 18.9179 26.0213 23.4852 54.5792 12.7000 205.0000 0.12188 0.46104 46.3714 4.3764 49.7191 102.1000 19.8177 2.0416 119.1500 1.5129 6.4000 23.7304 60.2482 226.8500
@FedFRASER