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5 Selected Interest & Exchange Rates Weekly Series of Charts .(January 23, 1978 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 - Vy<9 • 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 INDEXES 2. 3-MOTMTH 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 INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S MAY 1970 PARITN'=100 CALE 70 PARITY=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 80 140 /A — — FRENCH FRANC GERMAN MARK 120 i ^ - \ , 100 I 240 200 SWISS FRANC 180 JAPANESE YEN 160 140 120 160 DUTCH GUILDER BELGIAN FRANC 140 120 100 110 —>>S^\ — 90 U.K. POUND I \ ITALIAN LIRA \r< ^ t ^ 70 i 50 1976 1978 1976 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM 6 CANADIAN DOLLAR + 0 6 PER CENT PER ANNUM 6 - DUTCH GUILDER + 0 A U. K. POUND j - 6 12 18 , SWISS FRANC 6 GERMAN MARK / —A / J ^ - + 0 1 l 1 1 1 1 1 1 1i i 1I n1I 1 m 1I k l 1 1 1 — + 0 FRENCH FRANC - JAPANESE YEN - J 6 12 - I I I I I I I I I I I 1976 1978 1976 I I I I I I I I I I I 1978 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY I U.S. DOLLARS PER FINE OUNCE DOLLARS PER FINE OUNCE — 190 190 e 170 170 # # 150 150 12.5 Kg BARS AFTERNOON FIXING PRICE 130 130 110 110 90 90 # 1976 # # 1978 CHART 4 CALL MONEY RATES WEEKLY SERIES PER ENT PER ANNUM PER CENT PER Al 12 U.S. FEDERAL FUNDS JAPAN 8 4 OVERNIGHT EURO-DOLLARS 0 16 FRANCE 12 8 U.K. 2 - D A Y LOCAL AUTHORITY 4 0 12 CANADA NETHERLANDS 8 4 - 0 12 8 EURO-SWISS FRANC GERMANY 4 + 0 EURO-DM 4 1976 1978 1976 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM R CENT PER ANNUM 12 12 — CANADIAN FINANCE CO. PAPER EURO-DOLLAR U. S. CD S V JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING 10 SWISS INTERBANK RATE \ - GERMAN INTERBANK RATE — — 1976 1978 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER PER CENT PER ANNUM OVERNIGHT 3-MONTH 6-MONTH 7-DAY 1-YEAR 1-MONTH 1976 1978 1976 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 FEDERAL FUNDS I EURO-DOLLAR DASHED LINE DEPOSITS OVERNIGHT EURO-DOLLAR DEPOSITS 90-DAY CD S DASHED LINE DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE ADJUSTED REQUIREMENTS FOR FAVORS BORROWING IN U. S. IF POSITIVE 1978 REQUIREMENTS I I II I I I I I I I I I I I I I I I I I I II I II 1976 RESERVE 1976 I I I I I I M I I I 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER ANi ENT PER ANNUM 10 EURO-DOLLAR DEPOSITS 8 INTERBANK INTERBANK STERLING COVERED LONDON COVERED FRANKFURT > J 6 EURO-DOLLAR DEPOSITS 4 V DASHED LINE 2 DIFFERENTIAL w + 0 DIFFERENTIAL I 2 I 111111111111 11 H i l l 1111 Mill _LUL 10 CANADIAN FINANCE CO. PAPER, __ EURO-DOLLAR DEPOSITS COVERED 8 6 4 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL I 2 + 0 I I I I I I I I I I I II I I I I I I I I I I I 2 1976 1978 1976 llllllllllllllllllllllll 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM 10 CANADA UNITED STATES — - Ml,,I,,I,I JAPAN INDUSTRIAL SWITZERLAND GERMANY UNITED KINGDOM FRANCE NETHERLANDS U. S. CORPORATE MONTHLY U. S. 9 - ,n / X EURO-DOLLAR ^ 7 CORPORATE MONTHLY BONDS ^ y Aaa BONDS - EURO-DM 1976 BONDS 1978 1976 1978 8 6 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO 196 RATIO SCALE 1969= 00 140 120 UNITED STATES 100 UNITED KINGDOM 80 60 320 280 JAPAN 240 200 160 140 120 CANADA 100 SWITZERLAND x V 80 - - /: 60 140 120 - - a r 100 — / \ y FRANCE GENERAL INDEX GERMANY ^ - "X. 80 - - I!III!I!iII 60 1976 1978 1976 1978 S E R I E S NAME I. 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 !. GOLD PRICE U.S. CHART 4 . 18 18 18 18 18 18 18 18 18 18 84.31 148.87 172.02 159.32 80.25 98.35 117.53 219.83 151.53 71.29 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 18 18 18 18 18 18 18 0.23 0.78 4.64 -4.97 6.47 2.66 5.11 JAN. 18 173.16 J A N . 18 J A N . 18 J A N . 13 J A N . 13 J A N . 13 J A N . 13 J A N . 13 J A N . 13 DEC. 30 J A N . 13 6.78 7.02 6.25 6.98 3.30 3.06 4.75 8.68 5.00 0.52 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 6.89 3.53 5.25 7.43 7.12 6.19 0.85 I N LONDON DOLLAR PER FINE OUNCE 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 5. 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 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN 18 18 16 18 lo 18 18 LAST VALUE PLOTTED DATE VALUE m SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR JAN. JAN. JAN. JAN. JAN. JAN. 16 16 16 16 18 18 7.02 7.03 7.21 7.43 7.73 7.89 JAN. JAN. JAN. JAN. JAN. JAN. 16 18 18 18 18 18 7.02 6.78 0.53 7.43 6.89 0.41 JAN. JAN. JAN. 16 18 18 7.43 6.97 0.46 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JAN. JAN. JAN. 18 16 18 6.80 7.35 -0.55 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL JAN. JAN. JAN. 18 18 18 7 « 43 6.17 -0.74 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL JAN. JAN. JAN. 18 16 16 7.43 7.32 0.11 CHART 7 . 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 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 . INTEREST ARBITRAGE, 3-MONTh FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , DIFFERENTIAL COVERED i SERIES NAME • ^KART • # 9. # # J A N . 13 DEC. 3 0 DEC. J A N . 13 J A N . 13 6 JAN. DEC. 3 0 J A N . 13 8.01 5.60 6.27 3.75 9.02 10.86 7.37 9.67 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . e LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM u. S. LAST VALUE PLOTTED DATE VALUE 8.19 6.45 7.85 DEC. NOV. NOV. I N D U S T R I A L STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY # # # JAN. JAN. DEC. DEC. JAN. JAN. JAN. 13 6 23 30 13 13 6 92.50 243.94 88.97 84.30 114.56 74.64 98.97 •pOfGOw- F E D E R A L H# 10 R E S E R V E s t a t i s t i c a l r e l e a s e JANUARY FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 2 0 , 23, 1976 1976 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 JAN. 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 ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 113.5800 6.57000 3.04100 91.0000 17.3488 24.8800 21.2350 47.1300 12.2500 192.8000 0.11423 0.41390 42.2500 4.4000 44.2000 101.8000 19.3888 2.4750 115.0000 1.2398 6.2000 21.4100 50.8000 192.8000 16 JAN. 17 (RATE U . S . CENTS) J A N . 18 113.5700 6.53240 3.03200 90.9250 17.2400 24.8150 21.1050 46.8700 12.2500 192.3000 0.11420 0.41320 42.1800 4.3950 43.9400 101.8500 19.3100 2.4725 115.0000 1.2387 6.2000 21.3100 50.1500 192.3000 113.4500 6.52250 3.02500 90.8950 17.2700 24.7275 21.0500 46.8950 12.2500 192.4000 0.11432 0.41250 42.1000 4.4000 43.8300 101.7000 19.3100 2.4575 lib.0000 1.2358 6.2000 21.3050 49.6500 192.4000 JAN. 19 113.7000 6.55250 3.03050 90.4600 17.2900 24.7950 21.0700 47.0200 12.2500 193.2300 0.11450 0.41300 42.0600 4.3975 43.9800 101.9500 19.3500 2.4750 lib.0000 1.2376 6.2000 21.3700 49.9375 193.2300 JAN. 20 113.2800 6.57250 3.03600 90.5000 17.3450 24.8250 21.1100 47.1050 12.2500 193.1500 0.11460 0.41347 42.0600 4.3975 43.9500 101.5900 19.3700 2.4800 lib.0000 1.2387 6.2000 21.4500 49.9000 193.1500
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