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V : ; : - IS : '• f :1 Selected Interest & Exchange Rates XAfeekly Series of Charts DECEMBER 9,1974 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES CHARTS 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 *PARITY=100 MAY 1970 PARIT 100 80 120 CANADIAN DOLLAR 80 FOREIGN CURRENCY | _ PRICE OF U.S. DOLLAR Weighted average I 100 JAPANESE YEN 140 A FRENCH FRANC - , 140 120 120 100 100 180 180 GERMAN MARK 160 SWISS FRANC 160 140 140 120 120 100 100 lllllllllll 160 160 DUTCH GUILDER BELGIAN FRANC 140 140 120 120 100 100 120 120 I T A L I A N LIRA U.K. POUND 100 100 80 80 1972 1974 1872 1974 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMJ+), OR DISCOUNT ( - ) AVERAGES FORWEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 PER CENT PER 6 6 SWISS FRANC U.K. POUND 0 6 12 12 DUTCH GUILDER GERMAN MARK 6 0. lllllll 6 6 12 ^ FRENCH FRANC JAPANESE YEN | — 2 per cent on scale equals 1 per cent on all others 6 0 24 1972 1974 1972 1974 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 12.5 Kg BARS Afternoon fixing price 150 100 SO 30 1972 1974 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM 15 OVERNIGHT EURO-DOLLARS JAPAN j V U.S. FEDERAL FUNDS I I I I I I I lull 1 1 10 ~ 1 - 1 1 1 MIMIMIM Illllllllll U.K. 2 - D A Y LOCAL AUTHORITY v; 15 - FRANCE /J 1 1 1 1 1 1 CANADA NETHERLANDS V-—~1 1 1 1 1 1 1 - llllll llll EURO-SWISS FRANC GERMANY EURO-DM LJ_l 0 20 — - 5 - 10 - 5 0 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 20 20 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 18 12 EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 4 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 7-DAY 6-MONTH 12 8 4 16 16 12 8 4 16 16 1-YEAR 1-MONTH 12 8 1972 1974 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 OVERNIGHT Euro dollar deposits 6 0 - 8 9 DAY CD's I ! MA,/1. M/V 1/ r I 1 a'V'; n DIFFERENTIAL Adjusted for reserve requirements II 1972 Favors Borrowing in U.S. if Positive I I I I I I I I 1 I I I I I I I I I | V , - N uM !l ^ I V , Mr VW , DIFFERENTIAL Adjusted for reserve requirements ,, l l l i i i 111111111111111111111111 Chart 8 INTEREST ARBITRAGE:3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS ENT PER ANNUM PER CENT PER AK 20 INTERBANK DM, COVERED Frankfurt 15 EURO-DOLLAR DEPOSITS 10 5 5 INTERBANK STERLING . COVERED London :"j\ EURO-DOLLAR DEPOSITS . , 0 0 DIFFERENTIAL 5 5 u,fV 10 10 DIFFERENTIAL 15 15 20 20 15 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 15 SWISS DEPOSITS (SF), COVERED s A Nv fv V"\,i DIFFERENTIAL n j1/! 0 DIFFERENTIAL 5 5 1972 1974 1972 1974 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PER CENT PER t 10 UNITED STATES CANADA 8 I I I I I 6 I 12 FRANCE GERMANY 10 8 JAPAN Industrial NETHERLANDS 6 16 UNITED KINGDOM 14 SWITZERLAND 12 10 12 U ^ . CORPORATE Monthly „ U.S. CORPORATE Monthly „ Euro-Dm bonds / \ __ 10 / \ Aaa Bonds Euro-dollar bonds r * " - / 8 i i i i i n 1978 1111111111 n 111111111 i"i~ 1971 6 \ w Chart 10 * INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 240 180 UNITED STATES 100 60 320 160 UNITED KINGDOM 240 JAPAN 120 160 80 80 40 200 200 CANADA 150 SWITZERLAND 100 100 50 50 240 240 180 180 FRANCE General index GERMANY 100 100 60 1972 1974 1972 1974 \'J SERIES NAME LAST VALUE PLOTTED 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. 4 4 4 4 4 4 4 4 4 83.05 119.96 147.14 140.57 96.89 109.43 119.93 161.14 133.86 93.80 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 4 4 4 4 4 4 4 0.01 -4.59 2.35 -10.44 1.01 2.42 -2.82 DEC. 4 181.85 DEC. DEC. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 4 4 29 22 29 29 22 29 22 29 9.02 9.34 12.00 7.70 8.00 8.79 13.00 12.00 7.00 3.38 4 DEC. 4 DEC. SEPT. 27 4 DEC. 4 DEC. 4 DEC. 9 OCT. 9.15 8.63 9.26 10.81 10.53 12.64 7.00 u 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. 4. DOLLAR PER FINE OUNCE 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 . 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 SERIES NAME CHART 6 . LAST VALUE PLOTTEC DATE VALUE 4 EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MCNTH 1-YEAR DEC. DEC. DEC. DEC. DEC. DEC. 4 4 4 4 4 4 9.34 9.48 10.81 10.81 10.80 9.94 4 4 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES DEC. DEC. DEC. DEC. DEC. DEC. 4 4 4 9.34 9.02 1.13 10.81 9.15 2.02 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL DEC. DEC. DEC. 4 4 4 10.81 8.05 2.76 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. DEC. DEC. 4 4 4 10.81 10.98 -0.17 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT, OCT. OCT. 9 9 9 11.638 8.494 3.144 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 . L. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 29 22 1 8 22 8 22 22 7.63 10.30 10.88 7.31 8.81 10.00 8.68 17.09 OCT. 25 OCT. 25 OCT. 25 9.27 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 0 NOV. NOV. NOV. OCT. NOV. NOV. NOV. 29 15 15 11 22 29 22 72.51 179.60 87.74 81.60 40.02 55.27 72.76 F E D E R A L R E S E R V E statistical H.IO re le a s e DECEMBER f-, 1976 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 6, 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 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 KRCNA FRANC POUND 131.4000 5.58000 2.67300 101.1650 17.1000 27.1800 21.5500 40.0200 12.4000 232.4500 C.14990 0.33290 42.5400 8.0000 38.6900 13C.5000 18.5200 4.0200 144.7500 1.7575 14.9000 23.3200 36.4500 232.4500 2 DEC. 3 (RATE U . S . CENTS) DEC. 4 131.2500 5.58000 2.66650 101.0700 17.0900 27.1100 21.6200 40.0000 12.4000 232.3500 0.14980 0.33330 42.1000 8.0000 38.7300 130.2000 18.9400 4.0000 144.7500 1.7560 14.9000 23.4300 36.7500 232.3500 131.2500 5.62000 2.68500 101.3700 17.1100 27.2000 21.6300 40.3500 12.4000 232.7500 0.15030 0.33360 41.9100 8.0000 38.9400 130.2500 18.5800 4.0300 144.7500 1.7610 14.9000 23.5300 37.3300 232.7500 DEC. 5 131.4700 5.65000 2.69000 101.2700 17.0000 27.2600 21.6600 40.5000 12.4000 232.9000 0.15030 0.33330 41.9200 8.0000 39.0200 130.3100 18.6700 4.0300 146.7500 1.7615 14.9000 23.5300 37.7200 232.9000 DEC. 6 131.4000 5.66000 2.68750 101.2400 16.9600 27.3500 21.6700 &0.3000 12.3500 232.9700 0.15050 0.33340 41.9000 8.0000 38.9400 130.6400 18.6100 4.0300 146.7500 1.7630 14.9000 23.4700 37.5000 232.9700
@FedFRASER