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LIBRARY M / * # ^ 2 9 , 9 7 9 ^SSSBS Selected Interest & Exchange Rates Weekly Series of Charts January 22,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 r» 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 SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 120 - 100 100 — - FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 CANADIAN DOLLAR \ 80 \T ^ I GERMAN MARK I I 60 FRENCH FRANC - - 160 — 140 - i i I 100 80 Ml,, IMl,, I 240 — - - — /J — M i l ' 11111111 h i • V T I r r i J - Nh\/x SWISS FRANC - 80 140 I - 100 160 — — JAPANESE YEN 120 120 — - 1 100 - JW// i x 200 — - 160 — 140 111M1111 i I 120 — BELGIAN FRANC DUTCH GUILDER - A / - 120 - 100 I I 1 11111111111 Mini,,1,7 100 100 — - ITALIAN LIRA 80 U.K. POUND —L 80 - "I 60 ^ I " 60 — i i i 11111111111 1977 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM — CANADIAN DOLLAR ITALIAN LIRA - - 24 T I T I M I n i l , l u l l . I' I T i l l U. K. POUND DUTCH GUILDER - ~R\ - \ F 12 i i i I I I I l l l l l l l l l l 18 GERMAN MARK SWISS FRANC i i Illllllllll i FRENCH FRANC Ii r i 12 / i J JAPANESE YEN \l 12 V - - - Illllllllll 1977 1979 i i i I l l l l l l l l l l 1977 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 12.5 Kg BARS AFTERNOON FIXING PRICE 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT 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 - FRANCE 1 - CANADA 8 - 1 4 1 1 1 1 1 8 EURO-SWISS FRANC GERMANY 4 + EURO-DM 0 4 1977 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERES PER CENT PER ANNUM 16 — 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 p E R CENT PER ANNUM 12 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 8 4 12 8 III I I 4 12 1-MONTH 1-YEAR 8 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 - rJi 10 OVERNIGHT EURO-DOLLAR / V — - 10 - 8 - 6 - f DEPOSITS n 3-MONTH EURO-DOLLAR DEPOSITS j f i — FEDERAL FUNDS f/\ „A DASHED LINE A/v / 9 0 - D A Y CD S -J I I I I I I I I I I I DASHED LINE I I I I I I I I I I I — DIFFERENTIAL ADJUSTED y I l u v FOR w REQUIREMENTS \J V ^ I I I I I I I I I ! ! l 1977 FAVORS BORROWING IN U . S . IF DIFFERENTIAL /vA RESERVE \ /xVV\yW II I I I I II I I I 1979 POSITIVE y — l l l I I 1977 I 11111111111 1 1 1 I I 1 1 1 1 1 1 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER ENT PER ANNUM PER CENT PER Ah 16 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 8 4 INTERBANK STERLING + 0 COVERED LONDON I U.S. COMMERCIAL PAPER 4 4 DIFFERENTIAL + V DIFFERENTIAL 0 I ! I r ' i 11111111111 , , l u l l . I n 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM 10 COVERED FRANKFURT 8 EURO-DOLLAR DEPOSITS 6 EURO-DOLLAR DEPOSITS DASHED LINE 4 2 DIFFERENTIAL +. 0 DIFFERENTIAL 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PER CENT PER At 11 UNITED STATES — — CANADA 9 - 7 7 JAPAN INDUSTRIAL SWITZERLAND 5 3 GERMANY 1 16 FRANCE UNITED KINGDOM " A TWJ \ - 14 12 NETHERLANDS 10 - — U. S. CORPORATE I MONTHLY U. S. I CORPORATE I 8 MONTHLY 10 EURO-DOLLAR BONDS - V \ ^ 8 Aaa EURO-DM BONDS BONDS 6 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO 5 1969=1' RATIO SCALE 1969=100 ILE 200 140 UNITED STATES 120 160 v \ 100 UNITED KINGDOM a / V A V - 120 80 100 360 320 80 JAPAN - 280 240 60 — 200 I I iilnhilii I 100 140 SWITZERLAND 120 80 CANADA 100 60 80 II 11 I 150 150 130 130 FRANCE GENERAL INDEX GERMANY 110 50 - - 110 — 70 1977 1979 1977 1979 ccnrrc CHART 1 . # LAST VALUE PLOTTED DATE VALUE NA%! SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA INDICES, MARCH 1973 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA 3-*IONTH FORWARD EXCHANGE RATES, 151.75 132.56 143.46 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA 53.94 0.5062 8 49.97 199.92 84.10 23.51 59.42 3.42046 0.11918 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 . 17 17 17 17 17 17 17 17 17 MAR 1973 80.86 83.82 105.92 191.16 134.78 67.70 = 100 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 1 1 1 1 1 1 1 1 1 1 1 87.94 145.91 122.43 132.02 70.74 74.14 95.25 175.50 123.08 58.93 91.60 PREMIUM OR DISCOUNT JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 0.27 -1.98 8.26 2.92 12.42 2.97 10.35 -1.35 LAST VALUE PLOTTED DATE VALUE SFPIES NAME CHART 3 . GOLD PRICE U.S. CHART 4 . I N LONDON, AFTERNOON F I X I N G DOLLARS PER F I N E OUNCE EURO-DOLLAR DEPOSIT RATES: JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. DEC. JAN. 17 17 12 12 12 12 12 12 22 12 10 . 0 5 10 . 3 0 11 . 6 3 10 . 4 5 3 .15 2 .63 4 .25 6 .88 8 .13 - 0 .02 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 17 17 17 17 17 17 17 10.49 3.64 4.50 10.95 12.36 0.0 6.34 JAN. JAN. JAN. JAN. JAN. JAN. 1 1 1 1 1 1 10.30 10.23 10.61 11.21 11.90 11.78 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 220 . 6 0 3-MONTH INTEREST RATES U . S . 9 0 - D A Y 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 . 17 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 . JAN. 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 JAN. JAN. JAN. 17 17 17 10 . 3 0 10 . 0 5 0 .25 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL JAN. JAN. JAN. 17 17 17 11 . 2 1 10 . 4 9 0 .72 f I LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAN. JAN. JAN. 17 17 17 11.. 2 1 10,. 3 8 0.. 8 3 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JAN. JAN. JAN. 17 17 17 10,. 3 1 11.. 2 2 - 0 ..91 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), DIFFERENTIAL JAN. JAN. JAN. 17 17 17 11.. 2 1 11,. 9 0 - 0 ..69 JAN. JAN. JAN. 17 17 17 11,. 2 1 12.. 4 2 - 1 ..21 J A N . 12 5 JAN. DEC. DEC. 15 J A N . 12 DEC. 29 DEC. 22 JAN. 12 9.15 6.36 6.10 3.04 9.90 9.71 8.25 11.94 COVERED EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . DEC. NOV. NOV. 9.16 6.80 8.45 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY J A N . 12 J A N . 12 DEC. 8 DEC. 22 J A N . 12 J A N . 12 DEC. 29 1 0 3 .. 1 7 3 0 4 .. 2 5 1 1 1 .. 9 4 1 2 4 ., 6 0 1 1 3 ,. 0 8 7 5 .. 9 9 1 0 4 .. 9 4 F E D E R A L H . 10 R E S E R V E statistical JANUARY 2 2 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 1 9 , release 1979 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 D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND JAN. 15 113.8500 7.32869 3.41530 84.1300 19.3723 25.1067 23.4467 53.7808 12.0000 199.2300 0.11901 0.50556 45.1500 4.4033 49.8132 105.3500 19.6850 2.1231 115.0000 1.4235 6.4500 22.9016 58.7890 199.2300 JAN. 16 (RATE U . S . CENTS) J A N . 17 113.9500 7.35835 3.42818 83.9300 19.4932 25.1572 23.5460 54.0541 12.0000 200.1500 0.11915 0.50723 45.0900 4.4053 50.2008 105.4500 19.6947 2.1299 115.0000 1.4273 6.4500 23.0017 59.4530 200.1500 114.1500 7.43494 3.43407 84.0500 19.5313 25.3357 23.6127 54.2594 12.0000 200.6000 0.11976 0.50813 45.2800 4.4053 50.2765 105.7500 19.7726 2.1482 115.0000 1.4329 6.4500 23.0388 59.9161 200.6000 JAN. 18 114.1500 7.40741 3.44709 84.1100 19.5810 25.2908 23.6939 54.4603 12.0000 200.9500 0.11976 0.50826 45.3900 4.4053 50.3778 105.7000 19.7922 2.1436 115.0000 1.4306 6.4500 23.0547 60.0601 200.9500 JAN. 19 114.0200 7.42390 3.43879 84.2200 19.5313 25.3100 23.6407 54.2888 12.1500 200.3500 0.11983 0.50441 50.0000 4.4033 50.2765 105.8000 19.7472 2.1436 115.0000 1.4335 6.4400 23.0150 59.7550 200.3500
@FedFRASER