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Selected Interest & Exchange Rates Wfeekly Series of Charts FEBRUARY 3.1975 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE / /BOARD OF GOVERNORS f F E M f f f f t RESERVE SYSTEM Washington, D C. 20551 1 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 RATESH.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 b Chart 1 SPOT EXCHANGE RATES INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR Weighted average 120 CANADIIAN DOLLAR 90 V, 100 80 I I I I I I I I I I I I I I I I II l l l l l l l l l l JAPANESE YEN 140 140 - =RENCH FRANic 120 120 100 100 _L_L I I I I I I I I Illllllllll I 180 180 160 GERMAN MARK SWISS FRANC 160 140 140 120 120 100 100 160 160 DUTCH GUILDER 140 BELGIAN FRANC - / 140 120 120 — 100 100 I I I I 120 U.K. POUND I I 120 ITALIAN LIRA - . - v 100 100 - 80 I I I I I 1973 I 80 1975 v \ Chart2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 6 6 SWISS FRANC U.K. POUND 0 6 12 12 12 GERMAN MARK DUTCH GUILDEn 6 0 6 6 FRENCH FRANC JAPANESE YEN | 2 per cent on scale equals 1 per cent on all others 0 6 24 12 1973 1975 1973 1975 <3 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS Afternoon fixing price 180 150 120 80 30 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT OVERNIGHT EURO-DOLLARS 15 — — 15 JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 11 15 15 NETHERLANDS 10 CANADA 5 0 20 20 EURO -SWISS FRANC GERMANY l|' 1973 EURO-DM 1975 1973 1975 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES CANADIAN FINANCE CO. PAPER 12 UNITED STATES CD's 8 4 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 12 16 EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 4 1973 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 3-MONTH OVERNIGHT 12 8 16 16 7-DAY 6-MONTH 12 8 16 16 1-MONTH 1-YEAR 1973 1975 1973 1975 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 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 \0 PER ANNUM 20 20 15 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERLING Covered London ^ 10 10 EURO-DOLLAR DEPOSITS 5 5 0 t / u DIFFERENTIAL A / "V-'v~ / " 0 - I DIFFERENTIAL 5 5 10 10 15 " C A N A D I A N FINANCE CO. PAPER, COVERED 15 EURO-DOLLAR DEPOSITS 10 10 U.S. COMMERCIAL PAPER 5 5 SWISS_DEPOSITS (SF) COVERED 1 0 0 | ^ ixaK^VY DIFFERENTIAL DIFFERENTIAL 11 5 1973 1975 5 1973 1975 V Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER A •NT PER ANNUM /X UNITED STATES CANADA \T 10 • 8 n i i i i i i iiiniiiiii niiiiiiiii 6 9 12 SWITZERLAND GERMANY 7 10 8 ' /I / JAPAN Industrial 5 6 3 14 18 UNITED KINGDOM P 16 12 FRANCE 10 - 8 12 NETHERLANDS - 6 10 vtf 4 12 14 U.S. CORPORATE Monthly - I I I I I I I I I I 11 1111 8 12 U.S. CORPORATE Monthly „ 10 i Euro Dm bonds y z x / \ L / \ Aaa bonds Euro-dollar bonds — ^ - 10 / 8 8 6 ~ ? n 1973 1975 I i i i h; 6 • Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE. 1969-100 180 UNITED STATES 100 60 320 140 UNITED KINGDOM JAPAN 240 100 160 60 35 180 CANADA SWITZERLAND 100 60 60 45 i 11 i I M 180 180 FRANCE General index GERMANY 100 1973 1975 1973 1975 SERIES 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 CHART 2 . DOLLAR PER F I N E OUNCE 79.47 121.24 157.62 1*9.75 99.35 108.59 129.27 176.88 143.12 97.85 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 29 29 29 29 29 29 29 0.46 -5.JDS -4.61 1.52 0.52 0.14 JAN. 29 177.00 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 29 29 17 17 24 24 17 24 17 24 6.99 7.09 JAN. JAN. NOV. JAN. JAN. JAN. JAN. ?9 29 29 29 29 29 29 0.60 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 . 29 29 29 29 29 29 29 29 29 29 GOLD PRICE I N LONDON U.S. CHART 4 . JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 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 10.88 6.80 8.00 7.69 12.50 10.75 7.40 2.06 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 6.25 7.54 9.33 8.01 6.90 11.68 7.00 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 29 29 29 29 29 29 8.36 29 29 29 29 29 29 7.09 6.99 0.72 8.01 6.25 2.06 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL JAN. 29 JAN. 29 JAN. 29 8.01 6.59 1.42 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JAN. 29 JAN. 29 JAN. 29 6.55 7.36 -0.81 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL JAN. JAN. JAN. 29 29 29 8.01 8.14 -0.13 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JAN. JAN. JAN. 29 2Q ?9 8.01 CHART 7 . JAN. JAN. JAN. JAN. JAN. JAN. SELECTED EURO-DOLLAR AND U . S . INTEREST ARBITRAGE, 8.01 8.11 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 CHART 8 . 7.09 7.09 7.51 JAN. JAN. JAN. JAN. JAN. JAN. 3-MONTH FUNDS 8.5? -0.^0 \t> SERIES NAME CHART 9 , LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. JAN. 17 JAN. 17 NOV. 1 DEC. 13 JAN. 17 JAN. 17 J A N . 17 JAN. 17 7.38 9.34 10.88 7.14 8.41 10.89 8.63 16.27 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE JAN. JAN. JAN. 3 3 3 8.89 9.37 9.29 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 24 17 17 10 17 24 24 74.14 180.91 91.16 89.30 41.73 57.85 77.80 I N D U S T R I A L STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY FEDERAL RESERVE H.IO JANUARY 3 1 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 3 1 , 1975 The Boardlof Governors,of the Federal Reserve System is advised that the Federal Reserve Bank or 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 JAN. 27 JAN. 28 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 133.2500 6.08000 2.89000 100.3600 18.1900 28.7200 23.4300 43.4500 12.3000 240.0000 0.15730 0.33900 43.8000 8.0000 41.6900 132.2000 20.1500 4.1400 146.5000 1.7820 14.9000 25.3900 41.4500 240.0000 134.5300 6.12000 2.88500 100.3800 18.1700 28.7500 23.3100 43.2300 12.3000 238.6500 0.15650 0.33620 43.7000 8.0000 41.5600 133.1700 20.0400 4.1600 146.5000 1.7815 14.9000 25.1900 40.5000 238.6500 (RATE U . S . CENTS) JAN. 29 133.9500 5.99000 2.85100 100.3400 17.9300 28.4500 23.0500 42.6700 12.3000 237.0000 0.15560 0.33630 43.6000 8.0000 41.0200 132.7000 19.7100 4.1000 146.5000 1.7760 14.9000 24.9000 39.8500 237.0000 JAN. 30 JAN. 31 133.7500 6.03000 2.85000 100.1700 17.9900 28.4100 23.1300 42.7800 12.3000 237.6500 0.15630 0.33580 43.3400 8.0000 41.0800 132.7000 19.8000 4.1200 146.5000 1.7800 14.9000 24.9000 40.1000 237.6500 133.6000 6.00000 2.85800 100.0500 17.9100 28.5600 23.1400 42.7400 12.3000 238.2500 0.15550 0.33560 43.500* 8.0000 41.1500 132.4000 19.7500 4.1100 146.5000 1.7785 14.9000 24.9100 40.0700 238.2500
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