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Selected Interest & Exchange Rates Weekly Series of Charts JANUARY 27,1975 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE I 1 /BOARD OF GOVERNORS (^FgPEnAL RESERVE SYSTEM Washington, dTcTS0551 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 Chart 1 SPOT EXCHANGE RATES I N D E X E S O F D O L L A R PRICES O F F O R E I G N C U R R E N C t E S A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y FOREIGN CURRENCY PRICE OF U.S. DOLLAR Weighted average - - CANADIAN DOLLAR 120 100 I I I I I , , | , I | | I - JAPANESE YEN 140 A ^ a - FRENCH FRANC 120 ^ V 100 I I I I I I I I I I I I Illllllllll 180 160 180 GERMAN M A R K SWISS FRANC 160 140 140 120 120 100 100 Illllllllll 160 160 DUTCH GUILDER BELGIAN FRANC 140 / V \ y 140 / 120 120 100 100 I I I i I I i,lull,III 120 100 80 120 ITALIAN LIRA U.K. POUND A V ^ 100 I I I 1 1 1973 1 80 1975 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM CANADIAN DOLLAR A 6 i i i A i . a i a A . i PER CENT PER ANNUM 12 6 SWISS FRANC U.K. POUND 0 6 12 12 DUTCH GUILDER 6 0 8 6 FRENCH FRANC JAPAN ESEY EN 2 per cent on scale equals 1 per cent on all others 0 6 12 11 i i I i I i i I i i 11 i I I i ! i I 1 1 1 1 1 1 Chart 3 V PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 12.5 Kg BARS Afternoon fixing price 180 150 120 30 1973 1975 I '0 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS 15 JAPAN 10 S U.S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE iiliiliiln 15 15 10 NETHERLANDS CANADA 5 0 iiliiliiln 20 SO EURO-SWISS FRANC 15 10 GERMANY 5 5 — EURO-DM V- 5 1873 1875 1973 1875 Charts 3-MONTH INTEREST RATES 1 WEEKLY SERIES PER CENT PER A* CENT PER ANNUM 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 12 8 8 4 4 11111111111 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 18 18 12 12 8 8 4 4 18 12 EURO-DOLLAR 12 8 SWISS DEPOSIT RATE 8 JAPAN Monthly 4 4 0 EURO-DOLLAR DEPOSIT RATES London i AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER i EKT PER AW4U1 18 3-MONTH - 12 8 - 4 1 1 1 1 1 1 16 7-DAY : 6-MONTH 12 8 - 4 " l 1 1 1 1 1 16 1-MONTH 1-YEAR 12 - ""l - I I I I J MlMlMlu 8 4 111111111 iT Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD'S 5 o DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 11 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 )* Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER PER CENT PER PER ANNUM 20 20 15 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERUNG Covered London 10 10 EURO-DOLLAR DEPOSITS 5 5 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 10 10 15 " C A N A D I A N FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 15 10 10 U.S. COMMERCIAL PAPER 5 5 SWISS DEPOSITS (SF) 0 0 DIFFERENTIAL J DIFFERENTIAL 5 5 I 1973 1975 1973 1975 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 /JAPAN Industrial 8 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 U.S. CORPORATE Monthly U S. CORPORATE _ Monthly Euro-Pm bonds 10 Aaa bonds Euro-dollar bonds 8 6 1973 1975 1973 1975 /: Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 19C UNITED STATES 10C St afcfto •efckvE 45 32C UNITED KINGDOM JAPAN •240 160 80 nl Willi 180 SWITZERLAND 100 V./ 60 45 I I I I I I ...U, I 1 . ,„1 J---1 - 180 FRANCE General index GERMANY 100 60 45 _LJ L-J I I liLliiluluHili-UuluJ 1973 1S76 Li.-I 1 u l i U u l i i l u J u l n h i 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 . 80.12 119.70 154.45 147.15 98.37 108.94 127.10 172.42 141.02 96.72 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 22 22 22 22 22 22 22 0.19 -4.65 -0.31 J A N . 22 175.20 0.86 -5.96 1.29 0.22 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 . 22 22 22 22 22 22 22 22 22 22 GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE 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 7.17 6.85 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 22 22 17 10 17 17 10 17 10 17 7.00 7.40 7.88 12.50 11.75 7.00 1.31 JAN. JAN. NOV. JAN. JAN. JAN. JAN. 22 22 29 22 22 22 22 6.75 7.54 9.33 A.09 7.90 11.54 7.00 10.88 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 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 22 22 22 22 22 22 6.85 6.99 7.38 8.09 8.19 8.30 22 22 22 22 22 22 6.85 7.17 0.28 8.09 6.75 1.61 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL J A N . 22 J A N . 22 J A N . 22 8.09 6.88 1.21 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JAN. 22 JAN. 22 J A N . 22 7.18 8.09 -0.91 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL J A N . 22 JAN. 22 J A N . 22 8.09 8.40 -0.31 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F > , COVERED DIFFERENTIAL JAN. 22 JAN. 22 J A N . 22 8.09 7.00 1.09 CHART 7 . SELECTED EURO-DOLLAR AND U . S . JAN. JAN. JAN. JAN. JAN. JAN. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . JAN. JAN. JAN. JAN. JAN. JAN. INTEREST ARBITRAGE, 3-MONTH FUNDS i? SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM JAN. JAN. NOV. DEC. JAN. JAN. JAN. JAN. 10 10 1 13 10 3 10 10 7.32 9.48 10.88 7.14 8.49 10.93 8.P3 16.70 JAN. 3 NOV. 29 NOV. 2 9 8.89 9.28 9.41 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JAN. JAN. JAN. JAN. JAN. JAN. DEC. 10 10 10 10 10 17 27 73.72 179.21 90.21 89.30 38.04 61.68 75.07 / # & F E D E R A L R E S E R V E s t a t i s t i c a l H.IO r e l e a s e JANUARY 2 4 , 1975 FOREIGN EXCHANGE RATES FOR THF WEEK ENDING JANUARY 2 4 , 1975 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM FRASER MONETARY UNIT J A N . 20 JAN. 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 132.6500 5.92000 2.82200 100.9000 17.6800 28.1200 22.9200 42.3200 12.3000 235.9000 0.15470 0.33220 43.3700 8.0000 40.7000 131.3500 19.5200 4.0700 144.7000 1.7795 14.9000 24.7100 39.6900 235.9000 132.9000 5.98000 2.83600 100.7600 17.8000 28.3400 23.0500 42.3900 12.3000 236.3500 0.15510 0.33240 43.5200 8.0000 40.8300 131.6500 19.6200 4.0700 144.7000 1.7820 14.9000 24.7600 39.8600 236.3500 Digitized for 21 IRATE U . S . CENTS) J A N . 22 133.0000 6.01000 2.84000 100.6700 18.0000 28.4100 22.9000 42.3800 12.3000 237.6000 0.15550 0.33300 43.4700 8.0000 40.8500 131.7500 19.7500 4.1000 144.7000 1.7P25 14.9000 24.7000 39.5500 237.6000 J A N . 23 JAN. 24 133.3000 6.03000 2.85750 100.6200 17.9700 28.5300 23.2400 42.9100 12.3000 238.1500 0.15620 0.33370 43.4800 8.0000 41.2000 132.2500 19.8300 4.1000 144.7000 1.7825 14.9000 24.9100 40.0000 238.1500 133.5000 6.05000 2.82900 100.5100 18.0200 28.5600 23.3400 43.0600 12.3000 238.3500 0.15720 0.33960 43.6900 8.0000 41.3700 132.2000 19.9500 4.1200 144.7000 1.7815 14.9000 25.0000 40.4500 238.3500 <5^
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