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"'S'rSS* l,?8 1 0 IS' 3 — LIBRAE Selected Interest & Exchange Rates Weekly Series of Charts February 26,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 2C551 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 INDICES 2. 3-MONTH FORWARD EXCHANGE RATES a 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 INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1973=100 120 120 100 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 — CANADIAN DOLLAR 80 60 60 I 180 # GERMAN MARK 160 140 - . — * „ ' 120 FRENCH FRANC — I I I 100 " • 80 160 100 - 80 . 240 - — JAPANESE YEN " 120 100 - 111 M 111111 160 140 120 - O- # - : zf—\ SWISS FRANC M A%V 200 160 — - 140 ^ t Y N I I i ^ V r > r i i i l l it h i l i i - - DUTCH GUILDER - 120 — 11111111111 120 160 BELGIAN FRANC — 140 11111111111 — 140 K f 120 100 ~ I I I I I I M h l l M l u I I I I I I 100 100 « — 80 • ITALIAN LIRA U X POUND A j ! 60 I I 1977 I 1979 1977 1979 — 80 — 60 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM • 6 ITALIAN LIRA CANADIAN DOLLAR - - - V m i i i' iiiiiiiiii7 i i V r i I I DUTCH GUILDER U. K. POUND — 6 — 6 - 12 18 — 12 GERMAN MARK - v - A M 6 Zs_z 1 1 1 1 y/Vx 12 SWISS FRANC - ^ I ill I I I ill I I 1 — __ + 0 e 0 FRENCH FRANC 1 N *| 6 — JAPANESE YEN - - - — W \ 12 — K \ j - 6 - + 0 • 12 — Ii ii — ii — I I 1977 I i ill Mi ill i 1979 I I I I I 1977 I | |IIII IIIII | IIIIIIIIII 1979 6 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 240 240 - 220 12.5 Kg BARS 2C0 AFTERNOON FIXING PRICE 180 160 140 120 - I I I I I I M 1976 1r>77 I I I I I • I I I l I I I I 1979 100 CHART 4 CALL MONEY RATES WEEKLY SERIES PER PER CENT PER AL ;ENT PER ANNUM 14 12 10 JAPAN - - 8 — 4 OVERNIGHT EURO-DOLLARS ^ 6 U.S. FEDERAL FUNDS I 2 I I I I 0 I 16 12 16 U.K. 2-DAY LOCAL AUTHORITY 12 NETHERLANDS 8 8 4 4 0 0 " N v, 111 I I I FRANCE 12 CANADA 8 4 12 - 4 8 8 EURO-SWISS FRANC GERMANY 4 + 4 EURO-DM • + 0 0 I 4 8 1977 1979 I I I I 1977 I lullllnlllltl 4 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM 16 r— U K INTERBANK STERLING 12 U.S. CD'S 8 WEIGHTED AVERAGE FOREIGN RATE 4 10 GERMAN INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS 6 2 13 SWISS INTERBANK RATE CANADIAN FINANCE CO. PAPER 9 5 1977 1979 1977 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 - OVERNIGHT 3-MONTH / — i i i i i 1 1 • 12 — • __ e 8 # i j 1/ 7-DAY - U — 1 4 1 I K L W 6-MONTH - 1 i f " - 1 I l l l l h l l l l 1 • 12 — - 1-MONTH J v 1-YEAR e 8 — - r - e 4 I I I I I I 1977 • - I I , | , I | I I | I I 111 i 11 I I 111 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 - OVERNIGHT EURO-DOLLAR DEPOSITS ft 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS 6 — V DASHED LINE 90-DAY CD'S -.J i I I I I I I I I I I i i i i DASHED LINE i DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS w - V A v ^ V x A ^ V I I ! I I I 1977 FAVORS BORROWING IN U. S. IF POSITIVE II111111111 111 M 1 1 1 1 1 1 1979 I I I V ' - I I I 1977 I II I I ! I I I I I I I I I II I I I I ! I 1979 1 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNL PER T PER ANNUM 1 16 1 - 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER. COVERED 8 J) ryi f L * • v % I / 8 — 4 ^ —/ INTERBANK STERLING COVERED LONDON + 0 f/ w x U/ v / f " 7 I 4 I I I I ' I - 6 I i l l M i l l 11 u l i H i l l it 4 U.S. COMMERCIAL PAPER A TJ / I 1 1 + 0 DIFFERENTIAL 4 A DIFFERENTIAL + ' 0 i i i I I 2 lull" I 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM 10 COVERED FRANKFURT 8 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 6 DASHED LINE 4 + 0 DIFFERENTIAL DIFFERENTIAL i_L 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 10 11 — UNITED STATES - I 6 I I I I \ - CANADA U 10 ~ . INDUSTRIAL I - ' - JAPAN ^ — SWITZERLAND A ' \ /X - 5 - 3 N \ — GERMANY ' " 4 13 16 FRANCE 11 9 UNITED KINGDOM i-rA - - NETHERLANDS 11 U. S . CORPORATE 1 MONTHLY 1 U. S . # 1 I I CORPORATE 10 10 - — X_y Aaa BONDS - EURO-DM BONDS - 5 — MONTHLY EURO-DOLLAR BONDS • 14 I 9 7 — I I I I I 1977 I I ||||||||||| 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 140 200 e UNITED STATES 120 160 A A v - V w 100 r- A UNITED KINGDOM e - 120 80 ~ I I I i i i 100 360 • 320 JAPAN - 260 ^ 80 240 # 60 200 I •^ I I 1 1 1 11111111111 140 120 100 a 1 CANADA / v v 100 • r 80 A j f i SWITZERLAND - — — V 1 1 1 # 1 1 1 I I I 50 150 130 150 __ — FRANCE /Vy, GENERAL INDEX / J 110 # 90 • - X^J 1 1 1 1 : 1 M h . l M l 1979 130 - 110 90 — 1 — GERMANY - 1977 # 60 V 80 I I I I I 1977 I 70 1979 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA 5 3 , ,89 0 ,. 4 9 7 6 1 4 9 . .88 2 0 0 , .42 8 3 . .68 2 3 .. 3 6 5 9 ,. 8 0 3 ,.41983 0.11894 I N D I C E S , MARCH 1973 BASE RATES = LOO 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 , (G—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 . ' . 21 21 21 21 21 21 21 21 21 1 5 1 .. 6 0 1 3 0 . .29 143. . 1 9 81.06 8 3 .. 4 1 1 0 5 .. 2 7 192.40 1 3 4 .. 7 6 6 7 .. 5 7 21 21 21 21 21 21 21 21 21 21 21 8 8 . .27 146 <.26 120. .48 1 3 2 , .16 7 1 . .17 7 3 .. 9 9 9 4 . .90 1 7 7 .. 2 1 1 2 3 .. 4 4 5 8 .. 9 9 9 1 . .65 FEB. 2 1 FEB. 21 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 FEB. 2 1 -0.03 -2.47 7.27 2.78 11.59 4.30 7.47 -1.72 FEB. FEB. FEB. FEB. FEB. * FEB. FEB. FEB. FEB. MAR 1973 = lOO 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 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE IN LONDON, AFTERNOON F I X I N G 21 248.13 FEB. 2 1 FEB. 2 1 FEB. 16 9 FEB. FEB. 16 9 FEB, FEB. 16 FEB. 16 J A N . 19 9 FEB. 9.97 10.35 13.50 10.50 3.60 3.38 4.25 7.00 7.15 0.06 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 21 21 21 21 21 21 21 10.16 4.09 4.50 10.91 13.19 0.0 6.48 FEB. FEB. FEB. FEB. FEB. FEB. 21 21 21 21 21 21 10.35 10.28 10.50 10.80 11.08 11.04 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS FEB. 2 1 FEB. 2 1 FEB. 2 1 10.35 9.97 0.38 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL FEB. 2 1 FEB. 2 1 FEB. 2 1 10.80 10.16 0.64 U.S. FEB. DOLLARS PER FINE OUNCE CHART 4 . 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 . 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 (G—10 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR ' . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES SERIES NAME CHART 8 . LAST VALUE PLOTTE DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL FEB. 2 1 FEB. 2 1 FEB. 21 10.80 10.72 0.08 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL FEB. 2 1 FEB. 2 1 FEB. 2 1 9 .. 9 6 10.. 8 7 - 0 . .92 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL FEB. 2 1 FEB. 2 1 FEB. 21 1 0 , ,80 11,.36 - 0 . .56 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL FEB. 2 1 FEB. 2 1 FEB. 2 1 1 0 . .80 1 1 . .59 -0.79 FEB. 9 9 FEB. JAN. FEB. 2 9 FEB. JAN. 26 J A N . 19 9 FEB. 9.05 6.68 6.12 3.11 9.86 9.46 7.87 12.76 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U . S . CORPORATE AAA BONDS EURO-OM BONDS EURO-DOLLAR BONDS CHART 1 0 . 9.25 6.63 8.55 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JAN. DEC. DEC. FEB. 16 JAN. 19 DEC. 29 J A N . 19 J A N . 19 JAN. 26 FEB. 9 102.71 303.63 113.81 128.70 114.08 78.15 104.57 F E D E R A L R E S E R V E sta t S st S c o I release FEBRUARY 2 7 , H . 10 1979 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 2 3 , 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, MONETARY UNIT | 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 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUOO RAND PESETA RUPEE KRONA FRANC POUND % FEB. 19 H L I 0 A « FEB. 2 0 FEB. 113.0200 7.34754 3.41705 83.6400 19.4212 25.1889 23.3372 53.8648 12.1700 200.4000 0.11882 0.49739 45.5400 4.3879 49.8878 105.2500 19.6194 2.1030 117.9000 1.4433 6.4500 22.8964 59.7907 200.4000 112.9800 7.35429 3.41647 83.6300 19.4288 25.1953 23.3481 53.8387 12.1700 200.7200 0.11881 0.49542 45.5100 4.3879 49.9002 105.3500 19.6078 2.1053 117.9000 1.4438 6.4500 22.8728 59.7193 200.7200 FEB. 22 21 . 113.0200 7.36377 3.42349 83.6470 19.4552 25.1953 23.4110 54.0103 12.1700 200.9500 0.11882 0.49652 45.5370 4.3098 50.0000 105.3500 19.6309 2.1022 117.9000 1.4453 6.4500 22.9253 59.8086 200.9500 112.8000 7.36920 3.42231 83.5280 19.4401 25.2270 23.4028 54.0395 12.1700 201.2000 0.11884 0.49652 45.5580 4.3956 50.0125 105.3500 19.6309 2.1030 118.0000 1.4463 6.4500 22.9305 59.9700 201.2000
@FedFRASER