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V A/ :5v Selected Interest & Exchange Rates Weekly Series of Charts February 20,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 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 INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 RATIO S C A L E MARCH 1 9 7 3 = 1 0 0 120 120 100 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 - CANADIAN DOLLAR 80 60 60 180 160 GERMAN MARK - . FRENCH FRANC - 140 - 120 - 100 - 80 - 120 - i 100 i i I I I l l II l u l l ™ I 160 •^ 240 A A 140 JAPANESE YEN 120 Art — ) [ ^ \ — ^ — SWISS FRANC - 200 AAA/ )f Vv , - — 100 — AZ^z/ — 160 — 140 I IIIIIIIIII I |||I|II|II 120 - e I 80 I I I I I I I IIIIIIIIII I IIIIIIIIII — 160 — 140 — DUTCH GUILDER h j 140 — # j V — 120 100 160 BELGIAN FRANC — — i — — ~ - 100 — I I I I I I I IIIIIIIIII I IIIIIIIIII i i i I I I I I I I I I I I I I I 11III h i l l i 100 80 120 100 ITALIAN LIRA X I I U.K. POUND - - 80 , — ^ 60 I i i 1977 i 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM PER CENT PER — CANADIAN DOLLAR ITALIAN LIRA A' fee 6 6 U. K. POUND DUTCH GUILDER + 0 6 12 18 12 GERMAN MARK SWISS FRANC / 6 - + 0 I I I I V I I ill i Mill u ,,|l,|,,| " 6 + FRENCH FRANC JAPANESE YEN A] 0 - 6 12 - I 1977 1979 I I I I 1977 l ii III h i l i i 1979 AL CHART 3 2 / 9 / 7 9 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D O L L A R S PER F I N E U.S. D O L L A R S PER FINE OUNCE OUNCE 240 240 220 220 12.5 Kg BARS 200 200 AFTERNOON FIXING PRICE 180 180 160 160 140 140 120 120 100 ^ ^ 0 I I 1976 I I I I 1977 I I i i I i i I i i I i i I i i I i i I i i I i i 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER :ENT PER ANNUM PER C E N T PER Al 14 JAPAN 10 OVERNIGHT EURO-DOLLARS 6 U.S. FEDERAL FUNDS 2 16 U.K. 2-DAY LOCAL AUTHORITY 12 NETHERLANDS 8 4 0 12 CANADA i FRANCE I X/ I 8 V " W \ X T ' • 4 I I I I I I I I I i i i i 8 I GERMANY EURO-SWISS FRANC i 4 i 1 EURO-DM 0 4 I I I 1 1 1977 1 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT 16 PER ANNUM 16 U.K. INTERBANK STERLING 12 U.S. 4 CD'S WEIGHTED AVERAGE FOREIGN RATE - 10 GERMAN INTERBANK RATE h JAPANESE BANK LOANS AND DISCOUNTS - I I I I I I 13 SWISS INTERBANK RATE # . CANADIAN FINANCE CO. PAPER X P - 9 - - 5 sA, - * # w bV I I I I I 1977 I i i h i l i i l i i iill ill illi 1979 I I I . I I 1977 l M h l l N h , 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 3-MONTH OVERNIGHT I I III I I I 12 6-MONTH 7-DAY nlnhiln [llllulll 12 1-YEAR 1-MONTH 8 Illllilllll 4 1977 1979 1977 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 - 10 A/ r j V ** — — - OVERNIGHT f EURO-DOLLAR DEPOSITS/? 3-MONTH EURO-DOLLAR DEPOSITS — FEDERAL FUNDS DASHED LINE i i i i i i i i i 1i i 1i i 1i i 90-DAY CD S DASHED LINE I I I I I I I I I I I I I 1 1111111111 DIFFERENTIAL DIFFERENTIAL /V ADJUSTED FOR RESERVE REQUIREMENTS — r i i i i i i 1977 FAVORS BORROWING IN U. S. IF POSITIVE 1 1 1 1 1 1 1 1 1 1 1 > 1 1 1 1 1 1 1 1 1 1 1 1979 I I 1977 I I I I I I I I I I I I " I I I I I I I I I I I 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER :NT PER PER ANNUM 4UM C E N T PER ANT 16 14 12 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 8 10 4 8 INTERBANK STERLING + 0 COVERED LONDON / U.S. COMMERCIAL PAPER 4 4 4 6 DIFFERENTIAL A I II + 0 vA , DIFFERENTIAL ' + 0 2 16 16 14 14 SWISS INTERBANK (SF) COVERED 12 12 INTERBANK DM 10 COVERED 10 FRANKFURT 8 8 fV/ EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 6 DASHED 6 LINE 4 4 2 + 0 DIFFERENTIAL + 2 1 DIFFERENTIAL 0 J_L 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER PER ANNUM CENT PER ANNUM 11 10 UNITED STATES "X — — - CANADA - — - 9 - — " i i I i I , , I " — 7 7 — JAPAN INDUSTRIAL \ SWITZERLAND 5 \ - 3 MlMlMlM 1 - GERMANY I I I I FRANCE I I i l l 11 h i l l i UNITED KINGDOM NETHERLANDS 11 U. S. CORPORATE MONTHLY U. S. 9 MONTHLY - EURO-DOLLAR BONDS 7 CORPORATE - - - V Aaa BONDS EURO-DM BONDS 1977 1979 1977 1979 10 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO SCALE 00 140 120 100 v / v UNITED STATES ^VV/Vv /W V A UNITED KINGDOM 80 360 320 JAPAN 280 240 200 140 120 SWITZERLAND CANADA yV 100 80 - I I I 150 130 - FRANCE GENERAL INDEX /Vy , - ( J 110 90 70 GERMANY - - I I 1977 I 1979 1977 1979 LAST VALUE PLOTTED OATE VALUE SERIES NAME CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING PATES ( U . S . GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CENTS) FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 14 14 14 14 14 14 14 14 14 53,. 9 8 0,. 5 0 2 1 5 4 9 , .93 2 0 0 ,. 3 9 S3.. 7 1 2 3 ,. 4 7 6 0 ,. 0 1 3,. 4 1 8 8 2 0,. 1 1 9 3 4 FEB. FEB. FEB. FE3. FEB. FEB. FEB. FEB. FEB. 14 14 14 14 14 14 14 14 14 151, . 8 5 131,. 4 8 143, .35 81,. 0 5 8 3 ,. 4 3 1 0 5 , .78 1 9 3 ,. 0 6 134,. 7 2 67,. 7 9 14 14 14 14 14 14 14 14 14 14 14 8 8 ,. 0 2 1 4 6 ,. 1 6 1 2 1 ,. 4 1 1 3 2 ,. 0 2 70,. 9 8 73,.83 9 5 ,. 1 9 177, . 4 4 1 2 3 . .12 5 9 , .06 9 1 ,. 6 0 14 14 14 14 14 14 14 14 -0.02 -3.12 7.25 3.03 11.77 4.51 8.09 - 1 .72 I N D I C E S , MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , CG-10 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA CHART 2 . MAR 1 9 7 3 = 100 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. s LAST VALUE PLO% DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. 4. DOLLARS PER F I N E OUNCE FEB. EURO-DOLLAR DEPOSIT RATES: 10.16 10.38 13.38 11.50 3,75 2.36 4.38 6.69 7.15 0.05 FEB. 1 4 FEB. 14 FEB. 14 FEB. 14 FEB. 14 FEB. i u F E B . 14 10.17 4.22 4.50 10.95 13.60 FEB. FEB. FFB. FEB. FEB. FEB. 14 14 14 14 14 14 10.38 10.30 10.51 10.90 11.13 11 . 1 4 u m 6.02 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH I—YEAR 7. FEB. 14 FEB. 14 9 FEB. FEB. 2 9 FEB. FEB. 2 9 FEB. 9 FEB. J A N . 19 FEB. 2 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( 5 - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 244.55 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 5. 14 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS FEB. FEB. FEB. 14 14 14 10.38 10.16 0.22 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL FEB. FEB. FEB. 14 14 14 10.90 10.17 0.74 SERIES NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL FEB. FEB. FEB. 14 14 14 10.90 10.48 0.43 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL FEB. FEB. FEB. 14 14 14 9.96 10.93 -0.97 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL FEB. 14 FEB. 14 FEB. 14 10.90 11.47 -0.57 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL FEB. FEB. FEB. 10.90 11*77 —0.8? CHART 9 . 14 tit Ik LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM FEB. 2 J A N . 26 DEC. FEB. 2 FES. 2 J A N . 19 J A N . 19 FEB. 2 8V94 6.52 6.10 3.11 9.82 9.50 7.87 12.50 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 9.16 6.63 3.55 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY DEC. DEC. DEC. FEB. 9 JAN. 19 DEC. 29 JAN. 19 JAN. 19 J A N . 26 FEB. 2 101.84 303.63 113.81 128.70 114.08 78.15 107.28 F E D E R A L Hel R E S E R V E ° statistical release FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 1 6 , FEBRUARY 2 1 , 1979 15 16 1979 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 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC 0 . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND FEB. 12 H 0 L I D A Y FEB. 13 I RATE U . S . CENTS* FEB. 14 113.2000 7.32601 3.41180 83.7900 19.3986 25.1414 23.4192 53.8213 . 12.1600 200.3500 0.11905 0.50075 45.4500 4.4014 49.8008 105.2500 19.6194 2.1075 116.9000 1.4449 6.4450 22.8781 59.9341 200.3500 113.2300 7.35565 3.41297 83.7900 19.4439 25.1731 23.3918 53.8416 12.1600 200.5000 0.11891 0.49900 45.5100 4.3956 49.7760 105.4000 19.6444 2.1030 116.9000 1.4455 6.4450 22.9016 59*6588 200.5000 FEB. 113.1000 7.36241 3.42466 83.7500 19.4647 25.2239 23.3973 53.9665 12.1600 200.3500 0.11915 0*49938 45.5700 4.3898 49.9002 105.2000 19.6599 2.1053 116.9000 1.4463 6.4450 22.9279 59.9880 200.3500 FEB. 113.2000 7.36648 3.42114 83.7200 19.4458 25.2175 23.3590 53.8938 12.1700 200.2000 0.11898 0.49826 45.6200 4.3879 49.8256 105.3500 19.6271 2.1053 117.1500 1.4459 6.4500 22.8964 59.7193 200.2000
@FedFRASER