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Selected Interest & Exchange Rates \Afeekly Series of Charts - DECEMBER 30,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE / /BOARD OF GOVERNORS r I FEDERAL RESERVE SYSTEM Smfflngton, D C. 20551 4 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 1 Chart 1 SPOT EXCHANGE RATES I N D E X E S O F 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 ' FOREIGN CURRENCY " PRICE OF U.S. DOLLAR Weighted average 120 CANADIAN DOLLAR 90 100 80 I 1 1 1 1 1 I - JAPANESE YEN 140 140 FRENCH FRAN S* 120 120 100 100 I I 1 1 illlllllllll 1 1 i i i 180 180 GERMAN MARK 180 SWISS FRANC J - 140 140 180 - - 100 120 100 1 180 1 1 i i i llllllfllll tt I n I n i n 180 DUTCH GUILDER BELGIAN FRANC / IA 140 120 140 - 100 120 100 1 1 1 1 120 U.K. POUND 1 1 1 1 1 I l l I I I I I I II 120 ITALIAN LIRA - ^ v » 100 80 180 1 1 1 1 1 V 1 I 100 lllllllllll 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM £ CANADIAN DOLLAR - C E i i i I I I ' 6 SWISS FRANC U.K. POUND - 0 - 6 12 12 I I I I I I I Ihliiliilii GERMAN MARK I I Illllllllll DUTCH GUILDER 6 0 6 6 FRENCH FRANC JAPANESE YEN | 2 per cent on scale equals 1 per cent on all others 0 6 12 _ u _ I I I I I I I I hi PRICE OF GOLD IN LONDON V AVERAGES FORWEEKENDING WEDNESDAY 113. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS _ Afternoon fixing price 180 150 1973 1875 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 111 15 15 10 NETHERLANDS CANADA 5 0 1 20 20 EURO-SWISS FRANC GERMANY t|' EURO-DM 1975 1975 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES CANADIAN FINANCE CO. PAPER 12 UNITED STATES CD's B 4 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 16 12 8 4 12 IS EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 1973 1975 1973 1975 -<L Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER Al CFNT PER ANNUM 16 16 OVERNIGHT 3-MONTH 12 - 12 8 8 - 4 4 1 1 1 1 1 1 16 16 7-DAY 6-MONTH iMA 12 - - 8 12 8 - 4 4 1 1 1 1 1 1 1 1 1 16 16 1-MONTH 1-YEAR 12 - B 12 8 - 4 4 I I I I I I Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 — FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD'S 5 6 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements I I I I 1873 Favors Borrowing in U.S. if Positive 1875 1873 1875 10 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER AK ENT PER ANNUM 20 20 INTERBANK DM Covered Frankfurt EURO-DOLLAR DEPOSITS 15 15 INTERBANK STERLING Covered London 10 10 EURO-DOLLAR DEPOSITS 5 5 0 i 0 DIFFERENTIAL D FFERENTIAL 5 5 r . 10 1 15 11 i 10 11 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 15 10 U.S. COMMERCIAL PAPER 5 5 SWISS DEPOSITS (SF) : *1' \ / COVERED 1 • I r 'i tj\ [jr i i V 1 +' 0 I I' I l l l l l l l V " 0 DIFFERENTIAL DIFFERENTIAL 5 ,;v\, 1 V I I I I I I 5 u Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PC* CENT a UNITED STATES CANADA 7 Illllllllll 5 Illllllllll 9 12 SWITZERLAND GERMANY 10 / JAPAN Industrial a a 18 UNITED KINGDOM FRANCE NETHERLANDS 8 - U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro Dm bonds y Aaa bonds Euro-dollar bonds 8 - 1973 1975 1973 1975 )%. I Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1869=100 180 UNITED STATES 100 60 320 140 UNITED KINGDOM JAPAN 240 100 160 80 35 180 180 CANADA SWITZERLAND 100 100 60 60 lllllllllll 45 180 180 FRANCE General index GERMANY 100 1973 100 60 45 1975 1973 1975 \3 SERIES NAME CHART 1 . SPOT EXCHANGE RATES U . S . DOLLARt 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 . 81.91 119.59 150.07 142.48 97.04 109.29 123.86 170.24 136.77 95.16 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 25 25 25 25 25 25 25 0.15 -7.43 1.86 -12.05 0.42 2.11 -2.92 DEC. 25 189.75 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 . 25 25 25 25 25 25 25 25 25 25 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 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 25 25 20 13 20 27 13 20 13 20 DEC. DEC. NOV. DEC. DEC. DEC. OCT. 25 25 1 25 25 25 9 8.45 9.04 10.75 7.30 8.20 8.63 13.50 12.00 7.00 3.40 3-MONTH INTEREST RATES U . S . CD'S 1 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 8.94 8.43 9.29 9.97 10.16 12.69 7.00 M SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 25 25 25 25 25 25 9.04 10.13 9.98 9.97 9.95 9.67 25 25 25 25 25 25 9.04 8.45 1.38 9.97 8.94 1.33 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. 25 DEC. 25 DEC. 25 9.97 5.26 4.71 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. 25 DEC. 25 DEC. 25 9.25 10.30 -1.05 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. 25 DEC. 25 DEC. 25 9.97 10.30 -0.33 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 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 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. DEC. DEC. DEC. DEC. DEC. DEC. INTEREST ARBITRAGE, 3-MONTH FUNDS 9 9 9 11.64 8.49 3.15 SERIES NAME |CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 13 13 1 22 13 8 13 13 7.37 9.69 10.88 7.29 8.85 10.00 8.51 17.58 NOV. 2 9 NOV. 2 9 NOV. 29 8.89 9.28 9.41 DEC. DEC. NOV. NOV. DEC. NOV. DEC. DEC. 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 DEC. DEC. DEC. OCT. DEC. DEC. DEC. 6 13 13 11 13 20 13 69.45 187.67 82.03 81.60 36.26 52.04 76.05 FEDERAL RESERVE H.IO DECEMBER 2 7 , 1974 FOREIGN EXCHANGE RATES FOR THE MEEK ENDING HECEHBER 2 7 , 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 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT DEC. 2 3 DEC. 2 4 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 131.7500 5.74000 2.73980 101.0800 17.4000 27.6700 22.390® 40.9500 12.3000 232.9500 0.15210 0.33220 41.9900 8.0000 39.3000 130.9500 18.9000 4.0300 144.7500 1.7787 14.9000 24.1300 38.9500 232.9500 131.7500 5.76000 2.74000 101.1400 17.3300 27.6700 22.4500 41.1300 12.3000 233.1000 0.15300 0.33200 41.9900 8.0000 39.3700 130.9500 18.9500 4.0300 144.7500 1.7800 14.9000 24.1800 39.4000 233.1000 (RAT E U . S . CENTS DEC. 25 H 0 L I D A Y DEC. 2 6 DEC. 2 7 lil.7500 5.76000 2.72500 101.1800 17.4000 27.6500 22.4100 41.1600 12.3000 233.2000 0.15300 0.33210 42.1000 8.0000 39.3800 130.9500 19.0600 4.0300 144.5000 1.7800 14.9000 24.2000 39.5500 233.200® 131.5000 5.80000 2.73000 101.1600 17.5000 28.5000 22.4700 41.360& 12.3000 234.3200 0.15320 0.33250 42.5500 8.0000 39.8700 130.4000 19.1200 4.0500 144.5000 1.7800 14.9000 24.4000 39.8000 234.3200
@FedFRASER