The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Y '^K2- Selected Interest & Exchange Rates \Afeekly Series of Charts DECEMBER 16,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE t I BOARD OF GOVERNORS I FEDERAL RESERVE SYSTEM ' WflSlVffigton, D.C. 20551 \ > 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 RATESH.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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY RATI 100 120 CANADIAN DOLLAR 90 80 FOREIGN CURRENCY j P R I C E O F U.S. D O L L A R Weighted average 100 I I I I I In I ill JAPANESE YEN 140 ill FRENCH FRANC 140 120 120 - V 100 100 _I_L I I I I I I I I | i I | , , | I I 180 180 160 GERMAN MARK - SWISS FRANC f- 160 140 140 120 - 120 - 100 100 1 160 1 1 1 1 1 160 DUTCH GUILDER BELGIAN FRANC 140 140 120 120 100 100 1 1 1 1 1 120 nlnlnln 1 120 ITALIAN LIRA U.K. POUND y-f—"V - 100 100 r 80 1 i 1 1 1 1972 i ! i ! i! i 11'! - ~ _ i i : ! I ! i 11: i 11 1974 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM 6 , CANADIAN DOLLAR - 0 - 6 I I I I I I PER CENT PER ANNUM 6 SWISS FRANC U.K. POUND ~v\ 0 6 I 12 I I I •! AJNV. I 12 DUTCH GUILDER GERMAN MARK 6 0 6 12 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 6 0 6 12 i i i _L_L Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 200 12.5 Kg BARS Afternoon fixing price 150 100 1972 1974 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER 15 15 OVERNIGHT EURO-DOLLARS 10 JAPAN 10 5 5 U.S. FEDERAL FUNDS 0 0 20 20 15 U.K. 2 - D A Y LOCAL AUTHORITY 15 FRANCE 10 10 5 5 lulu 0 0 15 15 10 10 NETHERLANDS CANADA 5 5 0 0 20 20 EURO-SWISS FRANC 15 15 GERMANY 10 10 5 5 0 C EURC-DM 5 5 1972 1974 1972 1974 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 lllllllllll 20 20 GERMAN INTERBANK RATE U. K. INTERBANK STERLING 16 12 8 4 18 12 EURODOLLAR 12 SWISS DEPOSIT RATE I 8 JAPAN Monthly 4 1972 1974 1972 1974 Chart 6 EURO-DOLLAR DEPOSIT RATES—London AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM PER CENT PER 16 16 3-MONTH OVERNIGHT 12 12 8 8 4 4 16 16 6-MONTH 7-DAY 12 12 8 8 4 1-MONTH 16 1-YEAR 12 8 4 1972 1972 1974 Chart 7 SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 15 FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD's 5 \h 0 " " - yn' — DIFFERENTIAL Adjusted for reserve requirements 1972 Favors Borrowing in U.S. if Positive r 1974 DIFFERENTIAL Adjusted for reserve requirements 1972 10 Chart 8 INTEREST ARBITRAGE-.3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER A* ENT PER ANNUM 20 20 INTERBANK DM, COVERED Frankfurt 15 15 E U R O - D O L L A R DEPOSITS 10 10 5 5 r>; INTERBANK STERLING COVERED London ' .'V' 0 EURO-DOLLAR DEPOSITS vAI Kh ' 0 >/ u A v V-v' V DIFFERENTIAL A / ^ 5 5 'V 10 10 DIFFERENTIAL I I I 15 I JL_L I I I IiiIhIiiIiiIiiImImIh 111111 n I n i n 11111111 15 ( 20 20 15 15 E U R O - D O L L A R DEPOSITS . CANADIAN FINANCE CO. PAPER, COVERED 10 10 5 5 U.S. COMMERCIAL PAPER f-y Vy" yv-1rv.,v \ 0 DIFFERENTIAL 5 SWISS DEPOSITS (SF), COVERED I I I I I I I 1111MIMIII / | y A , i . iV'I 0 DIFFERENTIAL iiliiliiliil I I I I I I I I 111liIhilnliiliihiliil 5 Chart 9 \\ LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES • 9 UNITED STATES CANADA 7 5 12 12 FRANCE GERMANY 10 8 JAPAN Industrial NETHERLANDS 6 10 UNITED KINGDOM 8 SWITZERLAND 6 4 12 12 U.&XORPORATE Monthly U.S. CORPORATE Monthly Euro—Dm bonds 10 /\ Euro-dollar bonds Aaa Bonds 8 11 6 1972 1974 1972 1974 Yi Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 240 180 UNITED STATES 100 60 320 UNITED KINGDOM JAPAN 240 160 80 200 • 200 150 150 - SWITZERLAND 100 50 100 _Li_ 1 i I ;: i I . 50 240 240 180 - - FRANCE General index 180 GERMANY 100 100 1 60 M I i 1 i iiHi;i;Mill; M i l ! 1 1972 i : : : i : ; : : • • : I : : ; i ; . . : : ! , 60 1974 V SERIES NAME LAST VALUE PLOTTF DATE VALUE 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 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 11 11 11 11 11 11 11 11 11 11 82.58 120.06 148.07 141.43 96.95 109.55 121.70 165.44 134.70 94.22 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 11 11 II 11 11 11 11 -0.10 -4.80 1.80 -10.57 0.99 1.89 -2.98 DEC. 11 178.53 CHART 2 . 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 F I N E OUNCE 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 DEC. DEC. DEC. DEC. DEC. DEC. NOV. DEC. NOV. DEC. 11 11 6 6 6 6 29 6 29 6 8.87 8.14 11.13 7.60 8.40 7.56 13.00 11.88 5.35 5.35 DEC. DEC. SEPT. DEC. DEC. DEC. OCT. 11 11 27 11 11 11 9 8.88 8.62 9.26 10.21 10.60 12.75 7.00 CHART 5 . 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 - V-) SERIFS NAME LAST VALUE PLOTTED DATE VALUE CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 11 11 11 11 11 11 8.14 8,. 8 5 10,. 1 6 1 0 .. 2 1 1 0 . ,23 9 . ,64 11 11 11 11 11 11 8.14 8.87 -0.02 10.21 8.88 1.65 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. 1 1 DEC. 1 1 DEC. 1 1 10.21 7.95 2.27 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. DEC. DEC. 4 4 4 9.22 10.54 -1.32 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. 1 1 DEC. 1 1 DEC. 1 1 10.21 10.42 -0.21 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 11.64 8.49 3.15 OVERNIGHT 7 - 0 AY 1-MONTH 3-MONTH 6-MONTH 1-YEAR DEC. DEC. DEC. DEC. DEC. DEC. 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 DEC. DEC. DEC. DEC. DEC. DEC. CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS 9 9 9 \4 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 NOV. NOV. NOV. NOV. DEC. NOV. NOV. NOV. 29 29 1 15 6 8 29 29 7.63 10.02 10.88 7.35 8.89 10.00 8.70 16.73 NOV. 29 OCT. 25 OCT. 25 8.89 9.67 10.10 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. NOV. NOV. OCT. NOV. DEC. NOV. 29 22 29 11 29 6 29 72.51 178.11 83.80 81.60 39.61 53.49 74.37 FEDERAL RESERVE statistical release DECEMBER 1 3 , 1974 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 1 3 , 1974 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 MONETARY UNIT 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 131.5000 5.69000 2.69550 101.3300 17.3300 27.2800 21.9900 40.4900 12.3500 233.5000 0.15120 0.33350 42.0500 8.0000 39.1100 130.4500 18.6700 4.0500 144.7500 1.7685 14.9000 23.6100 37.8600 233.5000 9 DEC. 10 (RATE U . S . CENTS DEC. 11 131.6500 5.65000 2.69500 101.3500 17.3000 27.3500 22.1300 40.4500 12.5000 232.4200 0.15070 0.33360 42.3700 8.0000 39.0900 130.6000 18.6700 4.0400 144.7500 1.7645 14.9000 23.7200 38.0000 232.4200 131.6500 5.67000 2.70200 101.4600 17.3000 27.4200 22.1600 40.5400 12.5000 231.5700 0.15110 0.33360 42.4700 8.0000 39.1800 130.6000 18.7000 4.0500 144.7500 1.7645 14.9000 23.7100 38.0800 231.5700 DEC. 12 DEC. 13 131.6500 5.71000 2.71700 101.4700 17.3500 27.4900 22.1500 40.7000 12.5000 230.6000 0.15180 0.33330 42.6800 8.0000 39.4900 130.1500 18.8200 4.0500 144.7500 1.7735 14.9000 23.7500 38.4900 230.6000 131.6000 5.71000 2.70200 101.3800 17.2200 27.3400 21.9300 40.6800 12.3000 231.3000 0.15150 0.33330 42.7500 8.0000 39.3900 129.8500 18.8200 4.0400 144.7500 1.7715 14.9000 23.7600 38.2800 231.3000
@FedFRASER