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 13,1976 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 f 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE- LONDON 4. CALL MONEY RATES i 5. 3-MONTH INTEREST RATES 6. EURO DOLLAR DEPOSIT RATES 7. SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES a 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 CANADIAN DOLLAR 100 , 90 80 ^ ' I I 140 120 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I I JAPANESE YEN I A FRENCH FRANC /"X V 100 lv I I I I I I I I lllllllllll I iihiiniii 200 180 160 SWISS FRANC GERMAN MARK 140 120 100 160 DUTCH GUILDER - i i— BELGIAN FRANC 140 - j y 120 v - 100 m ' v i . I S/x - r,7f 120 U.K. POUND 100 ITALIAN LIRA \ - 1 / ll 80 M ~~ \ Y ~ ^ - V^'-_ 60 1 1 1 1 1 1974 1 1976 1 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND DUTCH GUILDER GERMAN MARK 6 FRENCH FRANC — JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 0 6 12 1974 1976 1974 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 „ 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES n PER CENT PER * PER ANNUM 15 OVERNIGHT EURO-DOLLARS r- JAPAN 10 5 0 - U. S. FEDERAL FUNDS I I I I 20 I I I U.K. 2 - D A Y LOCAL AUTHORITY 15 I I I I I I FRANCE ™ y f 10 5 0 i i i I I I 15 NETHERLANDS 10 CANADA 5 0 20 EURO-SWISS FRANC 15 I GERMANS 10 5 l 0 5 l' EURO-DM Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 4 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 s Chart 6 »% EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 3-MONTH OVERNIGHT 12 8 4 16 16 6-MONTH 7-bAY 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND 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 FEDERAL FUNDS OVERNIGHT Euro-dollar deposits 90 DAY CD 1 i f '"'Vv f ' ) J ^ * 'Aviv'' ^ V \ DIFFERENTIAL Adjusted for reserve requirements i 1974 Favors Borrowing in U.S. if Positive , DIFFERENTIAL Adjusted for reserve requirements I i i i ' ' I I I I I I I I I I I | I i i I i i Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS 10 EURO-DOLLAR DEPOSITS 5 0 DIFFERENTIAL U DIFFERENTIAL 5 10 15 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL 5 1974 1976 1974 1976 J \ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES | PER CENT CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial SWITZERLAND v .10 8 GERMANY 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 . 10 U.S. CORPORATE Monthly „ U S. CORPORATE Monthly Euro-dollar bonds Aaa bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 60 45 140 400 300 100 UNITED KINGDOM JAPAN 60 100 35 240 140 180 100 SWITZERLAND CANADA 60 35 180 180 FRANCE General Index 100 100 GERMANY 60 60 45 1974 45 1976 1974 1976 V* 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 CHART 2 . 91 .05 121 .30 152 . 2 9 144 . 5 1 69. . 3 7 105.48 111.09 178.28 136.26 72 <, 2 1 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 8 8 8 8 8 8 8 - 3 ,. 7 3 - 1 0 .80 - 0 ,.07 -7.04 2.88 -1.98 —11,33 DEC. 8 133.28 DEC. DEC. DEC. NOV. DEC. NOV. DEC. DEC. NOV. NOV. 8 8 3 26 3 26 3 3 19 26 4.67 4.71 14.75 8.95 4.70 4.92 7.00 10.50 8.30 0.13 DEC. DEC. SEPT. DEC. DEC. DEC. DEC. 8 8 4.60 4.70 8.21 4.95 8.65 14.55 4.00 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 . 8 8 8 8 8 8 8 8 8 8 GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 4 . DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . LAST VALUE PLOTTED DATE VALUE 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 8 8 8 8 SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 7. LAST VALUE PLOTTED DATE VALUE DEC. DEC. DEC. DEC. DEC. DEC. 8 8 8 8 8 8 4.71 4.63 4.81 4.95 5.18 5.35 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES DEC. DEC. DEC. DEC. DEC. DEC. 8 8 8 8 8 b 4.71 4.67 0.23 4.95 4.60 0.27 EURO—DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 8 4.95 3.75 1.20 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 8 4.68 4.92 -0.24 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 8 4.95 4.63 0.32 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL DEC. DEC. DEC. 8 8 8 *.95 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 ). INTEREST ARBITRAGE, 3-MONTH FUNDS 6.88 -1.93 \h SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 3 DEC. 3 DEC. NOV. DEC. 3 NOV. 26 NOV. 2 6 NOV. 19 3 DEC. 6.96 7.28 8.80 4.41 8.82 10.70 8.15 14.69 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE OCT. OCT. OCT. 8.32 7.15 7.82 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY DEC. NOV. NOV. NOV. NOV. DEC. DEC. 3 26 26 19 12 3 3 106.40 230.23 87.01 89.52 73.51 67.28 90.57 H F E D E R A L Hel ° ' R E S E R V E statistical FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 1 0 , release DECEMBER 14, 1976 1976 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 DOLLAR AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM DOLLAR CANADA KRONE DENMARK MARKKA FINLAND FRANC FRANCE D . MARK GERMANY RUPEE INDIA POUND IRELAND LIRA IT*' Y YEN JAPAN DOLLAR MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR NEW ZEALAND KRONE NORWAY ESCUDO PORTUGAL RAND SOUTH AFRICA PESATA SPAIN RUPEE S R I LANKA KRONA SWEDEN FRANC SWITZERLAND UNITED KINGDOM POUND DEC. 6 100.5400 5.87000 2.73150 97.7200 17.0600 26.1300 20.0000 41.7600 11.3500 165.6700 0.11550 0.33720 39.4700 4.7500 39.9900 90.1200 19.1300 3.1600 114.8500 1.4650 11.2000 23.9600 40.8900 165.6700 DEC. 7 CRATE U . S . CENTS) DEC. 8 103.3800 5.88000 2.73000 97.5800 17.0400 26.1900 20.0000 41.6400 11.3500 167.1000 0.11550 0.33740 39.5300 4.6500 39.9800 90.1400 19.0900 3.1700 114.8500 1.4639 11.2000 23.9400 40.7200 167.1000 103.5300 5.87000 2.73130 97.6700 17.0300 26.1900 20.0200 41.6700 11.3500 167.0500 0.11570 0.33750 39.5300 4.7500 40.0200 90.8900 19.1000 3,1700 114.8500 1.4643 11.2000 23.9200 40.7500 167.0500 DEC. 9 103.6100 5.87000 2.73250 97.5600 17.0200 26.1900 20.0500 41.7300 11.3500 167.0000 0.11550 0.33810 39.5100 4.8500 40.0000 90.9000 19.1000 3.1700 114.8500 1.4630 11.2000 23.9200 40.8000 167.0000 DEC. 10 103.6400 5.86000 2.73300 97.6100 17.0600 26.2100 20.0300 41.7300 11.4000 166.9500 0.11550 0.33920 39.4900 4.9500 40.0300 90.7600 19.1200 3.1600 115.0000 1.4631 11.2000 23.9400 40.7700 166.9500
@FedFRASER