The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Selected Interest & Exchange Rates Weekly Series of Charts DECEMBER 12, 1977 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 r 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 CURRENCCS AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1 9 7 0 PA*ITY=100 RATIO SCALE MAY 1 8 7 0 PARITY: 100 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR - 100 80 FRENCH FRANC 140 JAPANESE YEN 120 120 100 - - 100 200 SWISS FRANC — GERMAN MARK 160 - ,40 - - 180 . A f\ - 160 - 140 120 120 i i i I I I H l M l M l t , 160 — 160 DUTCH GUILDER J\s-\ ~~ BELGIAN FRANC 140 140 Z A v / , - 120 i 100 100 i i I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 n l n h i h i 100 - 120 - 100 - 80 U.K. POUND 60 1975 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM 6 + CANADIAN DOLLAR 0 6 PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND - 6 12 - I 18 6 I I I I 12 I — SWISS FRANC GERMAN MARK 6 + 0 6 6 JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER — + 0 y FRENCH FRANC —^Vv/ r^Y - 6 12 12 24 i 1975 1977 i i i i 1975 i 1977 CHART 3 PRICE OF GOLD IN LONDON A V E R A G E S FOR WEEK E N D W G W E D N E S D A Y US. DOLLARS PER FME OUNCE US. DOLLARS PER FINE OUNCE 200 200 180 - 160 - 140 - 180 1 2 . 5 Kg BARS AFTERNOON FIXING PRICE 160 140 120 100 - I I I I I I I 1975 - 120 - 100 80 1977 PER CENT PER ANNUM 16 r— U.S. FEDERAL FUNDS 12 8 4 - OVERNIGHT EURO-DOLLARS 16 U.K. 2 - D A Y LOCAL AUTHORITY 12 8 4 12 CANADA 8 4 0 20 16 12 8 GERMANY 4 + 0 4 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM EURO-DOLLAR 12 CANADIAN FINANCE CO. PAPER U.S. • CD'S 14 U.K. INTERBANK STERLING 10 # - 6 j GERMAN INTERBANK RATE - — — • 2 e # I I I I I I I II I I I I I I I I 14 \ H 10 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE - # I I I 1975 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY - 8 — 4 6-MONTH — 1-MONTH 1975 1977 — /vi ~ i I 1-YEAR I I I 1975 - I 1977 4 12 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 DEPOSITS FEDERAL FUNDS DASHED LINE 90-DAY CD' S DASHED LINE DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR RESERVE FAVORS BORROWING IN U. S . IF POSITIVE RESERVE REQUIREMENTS REQUIREMENTS I I I I I I I I 1975 FOR 1977 1975 I I I I I I 1977 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 EURO-DOLLAR DEPOSITS 12 INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT 6 — 6 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL lllllliiln n i l 11 Ml I I I l l l l l l 11 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 - 6 - 12 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL l l l l l l 1975 Mill LLLL 1977 1975 111 I I I II111 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER A ENT PER ANNUM CANADA 9 10 UNITED STATES 7 8 5 6 11 8 / / \ V \ \ JAPAN INDUSTRIAL SWITZE RLAND V / ^ \ \/\ 9 - - GERMANY 7 6 4 - I I I I I 2 I 18 13 11 16 UNITED KINGDOM FRANCE 9 14 7 12 NETHERLANDS 5 10 12 U. S. CORPORATE MONTHLY U.S. CORPORATE 11 MONTHLY / \ , / / \ v EURO-DOLLAR BONDS 10 9 Aaa BONDS 8 7 EURO-DM BONDS 6 5 1975 1977 1975 1977 '_r-ART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO 1969- CALE >0 180 140 UNITED STATES 100 RATIO SCALE 1969=100 80 140 60 UNITED KINGDOM 360 100 280 JAPAN 60 200 160 120 180 100 140 SWITZERLAND CANADA 80 100 60 80 I 60 I I I I I I I III III II I HIUIMIM 40 180 180 — 140 140 FRANCE GENERAL INDEX GERMANY 100 100 80 - 60 I 1975 1977 I I I I 1975 80 60 I 1977 LAST VALUE PLOTTED DATE VALUE • ER1ES 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 CHART 2 . • * DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 7 7 7 7 7 7 7 7 7 7 86.51 148.68 167.17 152.66 75.96 97.83 114.81 205.20 144.79 71.29 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 7 7 7 7 7 7 7 -0.41 -0.30 2.96 -6.94 4.55 0.40 3.51 DEC. 7 159.74 DEC. 7 DEC. 7 DEC. 2 NOV. 25 DEC. 2 DEC. 2 DEC. 2 DEC. 2 NOV. 11 DEC. 2 6.51 6.60 5.50 7.25 3.95 3.84 4.88 9.38 3.89 0.64 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 6.55 4.21 5.75 6.99 7.37 6.96 2.57 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 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 . . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN 7 7 7 7 7 7 7 ST VALUE PLOTTLD jATE VALUE CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . DEC, DEC. DEC. DEC, DEC. DEC. 6.88 6.99 7.33 7.38 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 CHART 8 . 6*6 6.59 INTEREST ARBITRAGE, DEC DEC, DEC, DEC, DEC. DEC, 6.60 6.51 0.36 6.99 6.55 0.31 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. DEC. DEC. 0.33 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. DEC. DEC. 6.54 6.96 -0.42 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL DEC. DEC. DEC. 6.99 7.17 -0.19 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL DEC. DEC. DEC. 6.99 7.13 -0.14 6.99 6 . 66 SERIES NAME CHART 9 . LAST VALUE PLOTTE DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM DEC. NOV. OCT. NOV. NOV. NOV. NOV. DEC. 2 25 25 25 18 11 2 7..56 5..73 6..72 3 .. 8 4 8 .. 7 1 10..82 7 . .84 10..27 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS 10. OCT. OCT. OCT. 8.04 6 .52 7 .81 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY DEC. NOV. NOV. NOV. DEC. NOV. DEC. 2 25 16 18 2 25 2 9 7 . .35 236. .15 8 4 . .66 8 7 . .93 115. .94 7 6 . ,67 9 8 . .78 FEDERAL H.10 RESERVE statistical DECEMBER 1 2 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 9, release 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, 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 . CENTS) DEC. 7 6 MONETARY UNIT DEC. DEC. 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 113.0500 6.39500 2.89900 90.3150 16.4725 23.9900 20.6900 45.6900 11.6000 183.0500 0.11410 0.41320 42.2500 4.4100 42.1300 99.9000 18.7300 2.4625 115.0000 1.2155 6.2000 20.9150 47.0600 183.0500 113.1700 6.43000 2.91150 90.6800 16.6500 23.9900 20.6700 46.0000 11.6000 182.1500 0.11417 0.41390 42.2500 4.4100 42.4500 100.1500 18.9000 2.4800 115.0000 1.2177 6.2000 20.9700 47.0300 182.1500 112.9500 6.42500 2.92800 91.0000 16.6300 24.0900 20.7300 46.1700 11.6000 182.5700 0.11410 0.41420 42.2500 4.4000 42.6200 99.9000 18.8400 2.4600 115.0000 1.2154 6.2000 20.9700 47.1400 182.5700 DEC. 8 113.0700 6.43500 2.91500 91.7600 16.5900 24.0750 20.6700 45.9000 11.6000 182.7300 0.11395 0.41370 42.2000 4.4125 42.4200 100.0500 18.8300 2.4600 115.0000 1.2161 6.2000 20.8800 47.0100 182.7300 DEC. 113.0000 6.36500 2.89350 91.5600 16.4900 24.1400 20.6725 45.7600 11.6000 183.0300 0.11384 0.41260 42.2000 4.4125 42.2400 100.0000 18.7500 2.4525 115.0000 1.2152 6.2000 20.8600 46.7500 183.0300
@FedFRASER