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Selected Interest & Exchange Rates XAfeekly Series of Charts DECEMBER 1,1975 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES A N D WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY 100 90 • SCALE 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 10 80 140 140 FRENCH FRANC 190 120 100 100 200 900 - - 180 180 190 - GERMAN MARK SWISS FRANC Jw 140 r J 1 v _ / A ^ j 1 / 160 140 / 120 190 7 100 i i i ! 1 1 1 1 1 1 1 100 1 1" liiiiiiiiiii 180 160 DUTCH GUILDER ~ BELGIAN FRANC 140 140 190 r 1J i^ r100 l l l l l / V ' Sz- x l l 100 llllllllllli , 190 ^ " 120 ITALIAN LIRA U.K. POUND "V 100 / - 100 V 1 80 120 V 80 1 1 1 1 1 1 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM CANADIAN DOLLAR 6 U.K. POUND SWISS FRANC 8 6 18 18 12 GERMAN MARK DUTCH GUILDER 8 5 8 FRENCH FRANC 18 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others - 1973 1975 1973 1975 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS Afternoon fixing price 150 120 90 30 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 5 J.S. FEDERAL FUNDS o 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 FRANCE 10 5 J 0 15 15 10 NETHERLANDS CANADA 5 0 20 EURO-SWISS FRANC "GERMANY I!' EURO -DM 1973 1975 1973 1975 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 12 CANADIAN FINANCE CO. PAPER UNITED STATES CD's 8 4 16 GERMAN INTERBANK R A T E - U.K. INTERBANK STERLING 12 8 4 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 v JAPAN Monthly 6 1973 1975 1973 1975 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 4 16 16 7-DAY 6-MONTH 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 1973 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AMD U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 15 15 3-MONTH Euro-dollar deposits I FEDERAL FUNDS OVERNIGHT Euro-dollar deposits S M 9 DAY CD'S \»ALdJ '< f DIFFERENTIAL Adjusted for reserve requirements y DIFFERENTIAL Adjusted for reserve requirements I I I 1 1 I I I I I 1973 in MR if Pr itive I I I I 1 1 I 1 I I I 1 I I I I ) 1 I I 1 I I I 1 I I I Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS €NT per annum PER CENT PER AN 20 15 INTERBANK DM, Covered Frankfurt E U R O - D O L L A R DEPOSITS 15 INTERBANK STERLING Covered London 10 10 5 5 E U R O - D O L L A R DEPOSITS Mi ) 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 IS a ,1/ \ 10 15 10 15 E U R O - D O L L A R DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 5 10 .COMMERCIAL PAPER 5 SWISS DEPOSITS (SF) OVERED h tA 0 | VyKsX^i DIFFERENTIAL 5 N \i\ //' V \ i 0 DIFFERENTIAL i r i\ ,;\ ,\ 5 w Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 ./ JAPAN Industrial 8 B 18 UNITED KINGDOM 12 FRANCE 10 NETHERLANDS 8 4 12 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro-Dm bonds 10 Aaa bonds a A - Euro-dollar bonds 8 8 1973 1975 1973 1975 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 45 320 140 UNITED KINGDOM JAPAN 100 160 35 180 180 CANADA SWITZERLAND . 100 100 60 60 45 45 180 180 FRANCE General index GERMANY 100 60 60 45 1973 45 1975 1973 1975 S E R I E S NAME CHART 1. LAST VALUE PLOTTED DATE VALUE SPOT EXCHANGE RATES UoSo D O L L A R , WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC I T A L I A N LIRA NOV. NOV® NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 26 26 26 26 26 26 26 26 26 26 86.13 118.79 140.66 135.56 84.95 106.79 125.37 164.21 127.53 9 1 ®69 NOV. NOV. NOV. NOV. NOV. NOV® NOV. 26 26 26 26 26 26 26 -2.74 -4.81 2.75 -0.43 3.35 1.55 -0.90 NOV. 26 141,27 NOV® NOV. NOV. OCT. NOV. NOV. NOV. NOV. NOV. NOV. 26 26 21 17 21 21 14 21 14 21 5 ®26 5.46 11.38 7.88 3.10 3.19 7.50 6.75 5.13 0.98 NOV. NOV. SEPT. NOVi NOV. NOV. NOV. 26 26 5.75 4.12 6.92 6.65 9.27 11.22 5.50 CHART 2® 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U»K® POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. GOLD PRICE I N LONDON U®S® DOLLAR PER F I N E 4. OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U o K » 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5. 3-MONTH INTEREST RATES 1>®S® C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK S T E R L I N G FRASER SWISS DEPOSIT Digitized for 26 26 26 26 LAST VALUE PLOTTEC DATE VALUE S E R I E S NAME CHART 6 e EURO-DOLLAR DEPOSIT R A T E S : LONDON 26 26 26 26 26 26 5.48 5.26 5.70 6.85 7.55 8.04 26 26 26 26 26 26 5.48 5.28 0.43 6.85 5.75 1.02 EURO-DOLLAR DEPOSIT INTERBANK S T E R L I N G ( L O N D O N ) , COVERED DIFFERENTIAL NOV. 26 NOV. 26 NOV. 26 6.85 6.41 0.44 U . S . COMMERCIAL PAPER CANADIAN FINANCE C O . PAPER, COVERED DIFFERENTIAL NOV . 2 6 NOV. 26 NOV. 26 5.88 6.54 -0.66 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL NOV. 26 NOV. 26 NOV® 2 6 6.85 6.87 -0.02 NOV* 2 6 NOV. 26 NOV. 26 6.85 8.85 -2.00 NOV. NOV. NOV. NOV. NOV, NOV. OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 7. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS UoSo 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 CHART 8 . INTEREST A R B I T R A G E , NOV. NOV. NOV. NOV. NOV. NOV. 3-MONTH FUNDS COVERED EURO-DOLLAR DEPOSIT SWISS DEPOSIT (SF ) , COVERED DIFFERENTIAL , V? S E R I E S NAME LAST VALUE PLOTTED DATE VALUE CHART 9 o LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM S. 21 14 21 17 7 14 14 8.14 8.44 9.50 6.00 9.52 9.90 7.57 14.75 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS 10. NOV. NOV. OCT. NOV. OCT. NOV. NOV. NOV. INDUSTRIAL 8.86 8.10 8.80 OCT. OCT. OCT. STOCK INDEXES U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY NOV. NOV. NOV. NOV. NOV. NOV. NOV. 21 2i 7 14 14 21 7 94.40 209.00 91 . 9 9 103.95 87.09 67.38 90 . 5 7 « FEDERAL RESERVE s t a t i s t i c a l r e l e a s e NOVEMBER 2 6 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 2 8 , 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM CRATE U . S . CENTS) NOV. 26 MONETARY UNIT NOV. 2 4 NOV. 25 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC De MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 125.9500 5.42000 2.55100 98.8400 16.5200 25.8300 22.5700 38.4300 11.1500 203.7500 0.14670 0.33010 38.7800 8.0000 37.4300 104.4000 18.0800 3.7200 114.8000 1.6825 13.3500 22.7400 37.5200 203.7500 125.9500 5.43000 2.55250 98.7900 16.5100 25.8700 22.5700 38.4200 11.1500 203.7300 0.14680 0.32990 38.7900 8.0000 37.4700 104.3000 18.1200 3.7200 114.3000 1.6840 13.3500 22.7800 37.5600 203.7300 125.9000 5.40000 2.53850 98.8300 16.4400 25.8100 22.4900 38.2600 11.1500 203.2000 0.14630 0.32980 38.7000 8.0000 37.3100 104.3000 18.0700 3.7000 114.3000 1.6815 13.3500 22.7500 37.4400 203.2000 NOV. 27 H 0 L I D A Y N O V . 28 125.7000 5.37000 2.53100 98.9300 16.3400 25.7100 22.4300 36.0900 11.0000 202.0000 0.14600 0.32990 38 . 6 7 0 0 8.0000 37.1600 104.0500 17.9800 3.6800 114.6500 1.6760 13.3500 22.6100 37.3600 202.0000
@FedFRASER