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Selected Interest & Exchange Rates Weekly Series of Charts .DECEMBER 23,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE f / I BOARD OF GOVERNORS ( F E D E R A L RESERVE SYSTEM ililJWlllgton, 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 I N D E X E S OF D O L L A R PRICES O F F O R E I G N C U R R E N C I E S A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y 100 80 120 CANA DIAN DOLLA R 80 r FOREIGN CURRENCY j PRICE OF U.S. D O L L A R Weighted average I I I I I I 100 I I I I I I III..IMII. I JAPANESE YEN 140 FRENCH FRANC i/v: 120 1 1 1 1 1 140 120 r 100 1 iiliiiiilii 1 1 1 1 M 100 I i 180 180 180 GERMAN MARK SWISS F R A N C /- 140 160 140 120 120 - 100 100 I 180 I I I I I ..I..!..In n IIIIIIIII —I DUTCH GUILDER 180 BELGIAN FRANC 140 n 120 \ 100 . I V- f 120 Z f 100 I I I I M i n i . . h i lilnliilii y z 120 120 • V \, ITALIAN LIRA U . K . POUND ^ 100 80 i i 140 i I I 1972 " I 100 80 1974 4 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER ANNUM 6 CANADIAN DOLLAR - 0 - 6 6 I I k I I I U.K. POUND SWISS FRANC GERMAN MARK DUTCH GUILDER 0 6 12 12 6 0 6 12 FRENCH FRANC JAPANESE YEN | 2 per cent on scale equals 1 per cent on all others 6 0 6 12 for FRASER Digitized 1972 1974 1972 1974 4 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 50 1972 1974 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 15 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 10 5 0 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 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER / . 8 4 20 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 12 EURO-DOLLAR SWISS DEPOSIT RATE JAPAN Monthly 1972 1974 1972 1974 t> Chart 6 EURO-DOLLAR DEPOSIT RATES-London AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 16 PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-YEAR 1-MONTH - —L - I I I I I I iiiiiiiiiii 16 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY FEDERAL FUNDS 3-MONTH Euro-dollar deposits OVERNIGHT Euro-dollar deposits DIFFERENTIAL] Adjusted for reserve requirements 1972 Digitized Favors for FRASER Borrowing in U.S. if Positive 1974 )—39 DAY CD's DIFFERENTIAL Adjusted for reserve requirements 1972 1974 Chart 8 INTEREST ARBITRAGE:3-M0NTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS 20 20 INTERBANK DM, COVERED Frankfurt 15 EURO-DOLLAR DEPOSITS 10 5 INTERBANK STERLING ^ x COVERED London , EURO-DOLLAR DEPOSITS 6 DIFFERENTIAL 5 10 DIFFERENTIAL 1 15 20 20 15 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 10 5 U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF), COVERED / 0 DIFFERENTIAL DIFFERENTIAL 5 1972 1974 1972 1974 w Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES' www 10 UNITED STATES CANADA i i i i i i i i M i M 11111.iM 1111. • i .71 r i I n 1 1 • t I 18 FRANCE GERMANY 10 • y JAPAN Industrial I I I I I H 111111111111111111111111 /NETHERLANDS - UL e 18 UNITED KINGDOM 1# SWITZERLAND 18 10 (8 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro-Dm bonds / \ __ O Euro—dollar bonds Aaa Bonds e Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 340 180 UNITED STATES 100 60 320 240 UNITED KINGDOM JAPAN 120 160 00 80 40 200 aoo 150 150 CANADA SWITZERLAND ttO 100 so ululnlii uliiliilii u 1111111111 n h 111 i n 840 FRANCE General index GERMANY ttO 100 Illllllllll 80 1872 1872 80 1874 SERIES NAME CHART 1 . SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE a 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 . DOLLAR PER FINE OUNCE 82 . 0 5 119.83 149, . 8 9 1 4 3 .. 0 6 9 6 ,. 8 7 1 0 9 ., 4 6 1 2 2 .. 9 7 1 6 9 ,, 3 0 136.0% 9 5 ., 0 4 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 18 18 18 18 18 18 18 0.07 -7.03 1.75 -11.31 0.56 2.08 -3.02 DEC. 18 182.80 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 . 18 18 16 18 18 18 18 18 18 18 GOLD PRICE I N LONDON U.S. 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 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 18 18 6 6 13 13 6 13 6 13 8.72 8.39 11.13 7.60 8.40 8.21 13.50 11.63 7.00 1.67 DEC. DEC. NOV. DEC. DEC. DEC. OCT. 18 18 1 18 18 18 9 8.89 8.62 9.29 10.19 10.50 13.44 7.00 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 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 18 18 18 18 18 18 8.3* 9.69 10.45 10.19 10.21 9.84 18 18 18 1& 18 18 8.39 8.72 0.40 10.19 8.89 1.64 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. 18 DEC. 18 DEC. 18 10.19 6.41 3.78 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. 11 DEC. 11 DEC. 11 9.00 10.50 -1.50 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. 18 DEC. 18 DEC. 18 10.19 10.37 -0.18 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 11.64 8.49 3.15 CHART 7 . SELECTED EURO-DOLLAR AND U . S . DEC. DEC. DEC. DEC. DEC. DEC. 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 CHART 8 . DEC. DEC. DEC. DEC. DEC. DEC. INTEREST ARBITRAGE, 3-MONTH FUNDS \6 SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. DEC. 13 6 DEC. NOV. 1 NOV. 22 DEC. 6 8 NOV. 6 DEC. 6 DEC. 7.37 9.67 10.88 7.29 8.89 10.00 8.68 16.94 NOV. 29 OCT. 25 OCT. 25 8.89 9.67 10.10 6 DEC. 6 DEC. 6 DEC. OCT . 11 6 DEC. DEC. 13 DEC. 13 69.45 188.05 8 0 .. 9 5 8 1 ,. 6 0 38,. 8 8 5 2 ., 7 7 76.05 CORPORATE AAA BONDS EURO—DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY FEDERAL s t a t i s t i c a l RESERVE r e l e a s e DECEMBER 2 0 , 1974 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 2 0 , 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM IRATE U . S . CENTS) DEC. 18 MONETARY UNIT DEC. 16 DEC. 17 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 131.7000 5.72000 2.71250 101.2600 17.2500 27.3600 22.0400 40.9500 12.3000 232.9300 0.15180 0.33300 42.8400 8.0000 39.4400 130,2000 18.8700 4.0400 144.75*0 1.7730 14.9000 23.7800 38.5100 232.9300 131.7000 5.77000 2.74400 101.0500 17. 3300 27.5700 22.3000 41.3000 12.3000 233.43W0 0.15250 0.33280 42.8200 8.0000 39.7500 130.2000 19.0100 4.0500 144.7500 1.7795 14.9000 24.1000 39.3000 233.4300 132.2000 5.79000 2.73000 101.0800 17.4700 27.7600 22.2800 41.1400 12.3000 234.1500 0.15270 0.33260 42.9200 8 .0000 39.5300 130.8000 19.0200 4.0600 144.7500 1.7740 14.9000 24.0400 39.0000 234.1500 1 j DEC. 19 DEC. 2 0 132.2000 5.74000 2.73200 101.0700 17.3400 27.7600 22.1800 40.8500 12.3000 232.9500 0.15180 0.33240 42.5200 8.0000 39.3900 130.9500 18.9300 4.0300 144.7500 1.7780 14.9000 23.9700 38.3700 232.9500 132.2000 5.76000 2.73000 101.0800 17.3200 27.6700 22.2700 41.0800 12.3000 232.5500 0.15210 0.33310 42.520# 8.0000 39.3800 130.9500 18.9800 4.0300 144.7500 1.7760 14.9000 24.0600 39.0000 232.5500
@FedFRASER