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 5, 1977 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 RATESH.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDEXES 2. 3-MONTH FORWARD EXCHANGE RATES 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 DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE V A L U E S (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S C A L E MAY 1 9 7 0 P A R I T Y = 1 0 0 MAY RATIO S C A L E 1 9 7 0 PARITY=100 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 80 FRENCH FRANC JAPANESE YEN - 120 100 200 180 SWISS FRANC - — 160 GERMAN MARK — — — 140 — 120 I I I 1 , I ; 1 DUTCH GUILDER BELGIAN FRANC 100 100 100 \ S Z ^ z U.K. POUND ITALIAN LIRA - S 80 XV, - - w - 80 i\i~— - \ p ^ ' 60 60 - - 1 1 1 1975 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM ( + ) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM 6 A a CANADIAN DOLLAR 0 - 6 PER CENT PER ANNUM 0 DUTCH GUILDER U. K. POUND zxA - - 6 12 18 6 12 I I I II I I I I I I SWISS FRANC GERMAN MARK 0 6 6 6 12 JAPANESE YEN 2 PER 1 PER 0 CENT ON S C A L E E Q U A L S C E N T ON A L L OTHER FRENCH FRANC 6 12 12 24 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D O L L A R S PER FINE U.S. D O L L A R S OUNCE PER FINE 200 200 180 OUNCE - - 180 12.5 Kg BARS AFTERNOON 160 FIXING PRICE 160 140 120 100 80 1975 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER ENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS JAPAN 12 - 12 8 4 OVERNIGHT E U R O - D O L L A R S 16 16 U.K. 2 - D A Y LOCAL AUTHORITY 12 - FRANCE 8 4 12 NETHERLANDS CANADA 8 - 4 0 i ill i h i l i i IM 20 16 12 EURO-DM X 8 GERMANY EURO-SWISS FRANC 4 0 4 1975 1977 1975 1977 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER PER CENT PER ANNUM EURO-DOLLAR CANADIAN FINANCE CO. PAPER U.S. CD'S V)/, A ^//l ' Vi U.K. INTERBANK STERLING GERMAN INTERBANK RATE E 14 \ # 10 # 6 | JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE - - I I I 1975 1977 1975 1977 ANNUM CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER CENT PER ANNUM ANNUM — 3-MONTH OVERNIGHT - / - VM 11 h i ! 11 i i i 1 1 1 1 1 1 1 1 1 I 11 6-MONTH 7-DAY 1-YEAR 1-MONTH H IIIlIIIM IIiII 1975 1977 1975 1977 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER PER ANNUM CENT ANNUM 12 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR 8 PER DEPOSITS - FEDERAL DASHED FUNDS LINE 90-DAY DASHED 4 CD' S LINE DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR RESERVE FAVORS BORROWING IN U . S . IF POSITIVE RESERVE REQUIREMENTS REQUIREMENTS I I I I I I I I I I 1975 FOR I I I I I I I I I I I 1977 I I I I I I I I 1975 I I 1977 CHART 8 INTEREST ARBITRAGE: 3 - M O N T H FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM l U \ PER CENT PER ANNUM E U R O - D O L L A R DEPOSITS 12 \ l \ / INTERBANK STERLING INTERBANK DM COVERED COVERED LONDON EURO-DOLLAR DASHED FRANKFURT DEPOSITS LINE DIFFERENTIAL DIFFERENTIAL I I III I I I I I I I I I I I III I I I CANADIAN FINANCE CO. PAPER, I I I I I I II I I I COVERED E U R O - D O L L A R DEPOSITS 12 12 U.S. COMMERCIAL PAPER DASHED SWISS INTERBANK (SF) COVERED LINE I DASHED LINE DIFFERENTIAL DIFFERENTIAL iiliiliini 1975 111II I I I 111 1977 1975 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY PER ;NT PER SERIES PER ANNUM CENT CANADA UNITED 9 PER Ah NUM 10 STATES 8 6 5 8 11 \ JAPAN INDUSTRIAL \ v SWITZERLAND \ 6 9 GERMANY 7 4 2 18 13 16 11 UNITED KINGDOM FRANCE 9 14 7 12 NETHERLANDS 10 5 12 11 U. S. CORPORATE U. S . MONTHLY CORPORATE MONTHLY / \ EURO-DOLLAR BONDS A 10 9 Aaa BONDS 8 6 7 EURO-DM BONDS I I I 5 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY RATIO SERIES CALE 1959- '0 180 140 UNITED - STATES 100 RATIO 80 SCALE 1969=100 60 I I 11 i 11 ! ! ! ! UNITED KINGDOM 3 6 0 280 JAPAN 200 160 120 180 — - 100 140 " V CANADA - SWITZERLAND 80 100 60 60 i i 80 ! ! I - I MiII II!Ii 4 0 180 180 140 140 FRANCE GENERAL INDEX GERMANY 100 100 80 80 60 60 1 9 7 5 1 9 7 7 1 9 7 5 1 9 7 7 S E R I E S 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 2. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 30 30 30 30 30 30 30 30 30 30 86.96 148.78 164.92 150.90 75.71 97.47 114.50 202.84 142.86 71.24 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 30 30 30 30 30 30 30 -0.47 -0.09 3.01 -6.34 4.32 0.79 4.45 NOV. 3 0 159.55 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. GOLD PRICE U.S. • LAST VALUE PLOTTED DATE VALUE CHART 4 . IN DOLLAR PER LONDON FINE OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 30 30 25 25 25 25 25 25 11 25 6.50 6.31 5.75 7.25 3.95 3.86 4.63 9.00 3.89 2.91 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 30 30 30 30 30 30 30 6.55 4.16 5.75 6.98 7.26 6.95 2.67 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS C DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 30 30 30 30 30 30 6.31 6.53 6.76 6.9r 7.2 7.39 30 30 30 30 30 30 6.31 6.50 0.07 6.98 6.55 0.30 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL NOV. 3 0 NOV. 3 0 NOV. 3 0 6.9 6.85 0.12 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, DIFFERENTIAL NOV. 3 0 NOV. 3 0 NOV. 3 0 6.53 6.79 —0.26 NOV. 3 0 NOV. 3 0 NOV. 3 0 6.98 7.17 -0.19 NOV. 3 0 NOV. 3 0 NOV. 3 0 6.98 7.00 -0.02 NOV. NOV. NOV. NOV. NOV. NOV. 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 8. INTEREST A R B I T R A G E , 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL NOV. NOV. NOV. NOV. NOV. NOV. COVERED COVERED s SERIES NAME CHART 9 . LAST VALUE PLOTTED VALUE DATE LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. NOV. 25 NOV. 25 OCT. NOV. 18 NOV. 2 5 NOV. 18 NOV. 1 1 NOV. 18 7.54 5.73 6.72 3.86 8.71 10.82 7.84 9.83 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 8.04 6.52 7.81 I N D U S T R I A L STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY OCT. OCT. OCT. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 25 11 11 4 25 25 18 98.67 245.94 83.93 89.07 111.01 76.67 99.25 •mik:, f*AL 9&\ F E D E R A L R E S E R V E s t a t i s t i c a l r e l e a s e •' H . 10 DECEMBER FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 2* 2, 1977 1977 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 SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM UNIT 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 (RATE U . S . CENTS) NOV. 3 0 NOV. 28 NOV. 2 9 112 . 9 6 0 0 6.31250 2 .86400 90.1700 16.3000 23.8250 20.6200 45.1600 11.6000 181.6600 0.11402 0.41625 42.2000 4.4000 41.7400 99.8000 18.5300 2.4575 115.0000 1.2145 6.2000 20.8300 46.6100 181 . 8 6 0 0 112.5500 6.30500 2.85400 90.1800 16.2900 23.8425 20.6100 44.9750 11.6000 181.4100 0.11392 0.41040 42.1600 4.4100 41.6200 99.5500 18.5400 2.4625 115.0000 1.2132 6.2000 20.6300 46.3650 181.4100 112.6000 6.27750 2.85050 90.2700 16.2700 23.8050 20.6100 45.0000 11.6000 181.7000 0.11397 0.40980 41.9100 4.4100 41.6800 99.4500 18.5100 2.4475 115.0000 1.2114 6.2000 20.8000 46.2700 181.7000 DEC. 1 112.8000 6.32000 2.86400 90.2100 16.2800 23.8650 20.6250 45.1750 11.6000 181.6800 0.11397 0.41140 41.9800 4.4100 41.8000 99.5500 18.5600 2.4575 115.1000 1.2137 6.2000 20.8350 46.6400 181.6800 DEC. 2 113.0000 6.34500 2.87700 90.2400 16.3400 23.9050 20.6400 45.3400 11.6000 182.0500 0.11400 0.41235 42.0700 4.4125 41.8600 99.7000 18.6100 2.4600 115.0000 1.2121 6.2000 20.8400 46.7600 182.0500
@FedFRASER