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^ <^yfC^rTjC<*-€> /H.13 ~ ~ Selected Interest & Exchange Rates \AfeekIy Series of Charts .DECEMBER 2,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE VBOARD OF GOVERNORS f FEDERAL RESERVE SYSTEM ^•"Washington, D C. 20551 " • V % 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 INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY RATI! tLE PARITY: 100 RATIO S MAY 1970 PARITY: 100 80 120 CANADIAN DOLLAR 90 FOREIGN CURRENCY | PRICE OF U.S. DOLLAR Weighted average 100 FRENCH FRANC JAPANESE YEN 140 140 120 120 100 100 180 180 GERMAN IVARK 160 SWISS FRANC 160 - v / - 140 140 120 120 100 100 160 160 DUTCH GUILDER BELGIAN FRANC 140 140 120 120 100 100 120 120 I T A L I A N LIRA U.K. PJ .T,D 100 100 80 80 1972 1974 1E72 1874 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 6 CANADIAN DOLLAR 0 6 6 SWISS FRANC U.K. POUND 0 6 12 12 12 GERMAN MARK „ DUTCH GUILDER 6 0 6 12 FRENCH FRANC JAPANESE YEN | — 2 per cent on scale equals 1 per cent on all others 6 0 6 24 12 1972 1974 1972 1974 < Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S7 DOLLARS PER FINE OUNCE —I 200 12.5 Kg BARS Afternoon fixing prico 4 / x ~w. I I I I I I I I II 1972 I I I I I I I I I I I I 1974 30 u Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM 15 OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 15 10 NETHERLANDS CANADA 5 0 20 20 EURO-SWISS FRANC 15 10 GERMANY 5 0 EURO-DM 5 1972 1974 1972 1974 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 15 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 20 20 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 16 12 EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 1972 1974 1972 1974 PER CENT PER ANNUM EURO-DOLLAR DEPOSIT RATES-London AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 16 OVERNIGHT 3-MONTH 12 8 16 16 7-DAY 6—MONTH 12 - 12 8 H 16 16 1-MONTH 1-YEAR 12 8 1972 1974 1972 1974 Chart? SELECTED EURO-DOLLAR ANb U.S. MONEY MARKET RATES AVERAGES FOR WEEK (ENDING WEDNESDAY FEDERAL FUNDS 3-MONTH Euro-dollar deposits OVERNIGHT Euro-dollar deposits )—89 DAY CD's I \H DIFFERENTIAL Adjusted for reserve requirements 1972 Favors Borrowing in U.S. if Positive http://fraser.stlouisfed.org/ I + Federal Reserve Bank of St. Louis 1974 DIFFERENTIAL Adjusted for reserve requirements 1972 1974 + Chart 8 3 INTEREST ARBITRAGE:3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS ENT PER ANNUM PER CENT PER Ah 20 INTERBANK DM COVERED Frankfurt — 15 EURO-DOLLAR DEPOSITS 10 10 5 5 ry INTER BANK STERLING' COVERED London !\l\ /X 1 \ ; /. i ' 'V EURO-DOLLAR DEPOSITS L \ l\ ' ' V ' V 0 ,yvv^' A^\'\ DIFFERENTIAL 5 5 i/'i i fi; ID 0 10 DIFFERENTIAL 15 1 11 1 I I liliiliiliinihiliilii lllllllllll lllllllllll 15 15 20 20 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 15 10 10- 5 5 U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF), COVERED v 0 DIFFERENTIAL >1\ /> iVi h''x . A 0 DIFFERENTIAL 1 5 1972 5 1972 1974 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 12 GERMANY FRANCE 10 8 JAPAN Industrial NETHERLANDS 6 10 UNITED KINGDOM 8 SWITZERLAND 6 4 12 12 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro—Dm bonds 10 ^ Euro—dollar bonds Aaa Bonds 8 6 1972 1974 1972 1974 V Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969: 240 180 UNITED STATES 100 60 320 240 UNITED KINGDOM JAPAN 160 80 LU 40 200 150 CANADA SWITZERLAND 100 I 50 I I I I I 240 240 180 - - - 180 - 100 FRANCE General index GERMANY 100 60 > v ^ x I I I I I I MlMlMlM 60 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 . 83.155 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 27 27 27 27 27 27 27 -2.766 NOV. 2 7 183.700 120.011 147.788 140.388 96.777 109.500 119.222 160.944 133.722 93.511 -0.199 -4.988 1.755 —6.800 1.688 2.288 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 . 27 27 27 27 27 27 27 27 27 27 GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 4 . NOV. NOV. NOV. NOV. NOV. NOV. NOV, NOV. NOV. NOV. 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 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 27 27 15 22 22 22 15 22 15 22 NOV. NOV. SEPT. NOV. NOV. NOV. OCT. 27 27 27 27 27 27 9 9.466 8.977 11.311 7.700 6.500 7.088 12.500 12.000 7.000 1.855 3-MONTH INTEREST RATES U . S . CD'S < 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSIT LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 9.066 8.577 9.266 10.299 10.277 12.166 7.000 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON NOV. NOV. NOV. NOV. NOV. NOV. 27 27 27 27 27 27 8.977 9.133 9.766 10.299 10.299 9.688 27 27 27 27 27 27 8.977 9.466 0.299 10.299 9.066 1.333 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL NOV. 2 7 NOV. 2 7 NOV. 2 7 10.299 7.199 3.100 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL NOV. 2 7 NOV. 2 7 NOV. 27 8.933 10.099 -1.166 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL NOV. 2 7 NOV. 2 7 NOV. 2 7 10.299 10.322 -0.033 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 9 9 9 11.640 8.540 3.100 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 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 . NOV. NOV. NOV. NOV. NOV. NOV. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. NOV. NOV. NOV. NOV. NOV. OCT. NOV. NOV. 22 15 1 8 22 4 15 8 7.711 10.355 10.888 7.311 8.811 11.000 8.888 16.522 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE OCT. 25 OCT. 25 OCT. 25 9.277 9.677 10.100 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. NOV. NOV. OCT. NOV. NOV. NOV. 1 15 15 11 15 22 15 76.311 179.600 87.744 81.600 43.099 55.122 72.699 FEDERAL RESERVE tatistical release •MmNOVEMBER 2 9 , H.IO 1974 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 2 9 , 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 MONETARY UNIT DOLLAR AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM CANADA DOLLAR KRONE DENMARK FINLAND MARKKA FRANCE FRANC GERMANY D . MARK INDIA RUPEE POUND IRELAND ITALY LIRA JAPAN YEN MALAYSIA DOLLAR MEXICO PESO NETHERLANDS GUILDER NEW ZEALAND DOLLAR NORWAY KRONE PORTUGAL ESCUDO SOUTH AFRICA RAND PESETA SPAIN SRI LANKA ( 1 ) RUPEE KRONA SWEDEN SWITZERLAND FRANC UNITED KINGDOM POUND (RATE U . S . CENTS) NOV. 27 NOV. 25 NOV. 26 131.5000 5.64000 2.68400 101.3000 17.2000 27.0800 21.4500 40.6800 12.4000 232.2200 0.14940 0.33310 42.9500 8.0000 38.9100 130.5000 18.6100 4.0100 144.7500 1.7575 14.9000 23.3700 37.2000 232.2200 131.5000 5.65000 2.68800 101.2600 17.2800 27.2400 21.5700 40.7500 12.4000 232.4500 0.15020 0.33320 43.0500 8.0000 38.8300 130.5000 18.6800 4.0400 144.7500 1.7635 14.9000 23.4400 37.5500 232.4500 (1) SRI LANKA PREVIOUSLY KNOWN AS CEYLON 131.4000 5.65000 2.68900 101.3400 17.1700 27.1500 21.6500 40.5900 12.4000 232.4700 0.15030 0.33350 42.8500 8.0000 38.8700 130.5000 18.6000 4.0400 144.7500 1.7620 14.9000 23.3400 37.2500 232.4700 NOV. 28 H 0 L I D A Y NOV. 29 ; 131.4000 5.63000 2.68400 101.2800 17.2300 27.1800 21.5700 40.4400 12.4000 232.5500 0.15030 0.33300 42.6000 8.0000 38.9600 130.5000 18.6200 4.0400 144.7500 1.7615 14.9000 23.4500 36.8700 232.5500
@FedFRASER