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5 - V W 1 , e Selected Interest & Exchange Rates Weekly Series of Charts January 30,1978 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 <4*y e * Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES H.10 RELEASE 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. CHARTS 1. SPOT EXCHANGE RATE INDEXES @ 2. 3-M01MTH 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 |0 100 RATIO SCALE MAY 1970 PARITY-100 SCALE 1970 PARITY=100 120 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 CANADIAN DOLLAR 80 140 FRENCH FRANC 120 GERMAN MARK - 100 240 SWISS FRANC / V /xX / JAPANESE YEN 200 - - " i l I l 180 160 - 140 i l i 11111111 I I I I I I II I I I I I - 120 160 - DUTCH GUILDER BELGIAN FRANC — 140 - A/-V I I I I — I I M 111111111 I 11 u l i I I I I I 120 110 - U.K. POUND i i \ ITALIAN LIRA ^ — 90 - A— J 70 - i 1976 1978 i 50 i 1976 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM '(+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER NT PER ANNUM 6 CANADIAN DOLLAR + 0 Y V ^ Z I 6 111 h i 111111 PER CENT PER ANNUM 6 DUTCH GUILDER 0 U. K. POUND 6 — 6 12 - 12 mini 18 SWISS FRANC t 6 GERMAN MARK V /A + 0 i i I I I I I !I I I I I ! i — I i i h i l n l i i I + 0 FRENCH FRANC - JAPANESE YEN - J 6 - 12 - I 1976 1978 I 1976 I 1978 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE R DOLLARS PER FINE OUNCE 190 190 170 - 150 - 12.5 Kg BARS AFTERNOON FIXING PRICE I I I I I I I 1976 1978 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNTL PER CENT PER ANNUM 12 X U.S. FEDERAL FUNDS 12 - JAPAN - - Yn OVERNIGHT EURO-DOLLARS . 0 I i I 0 l l l l l l l l l l l 16 16 FRANCE 12 - 12 U.K. 2 - D A Y LOCAL AUTHORITY 4 ! I I I I I l l l l l l l l l l l 12 12 NETHERLANDS CANADA 8 - — 4 - - 0 0 I I l l l l l l l l l l l I - 4 l l l l l l l l l l l EURO-SWISS FRANC GERMANY EURO-DM 1976 1978 8 1976 1978 # CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES [R CENT PER ANNUM CANADIAN FINANCE CO. PAPER 8 EURO-DOLLAR 4 16 16 12 JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING 8 4 10 SWISS INTERBANK RATE 6 GERMAN INTERBANK RATE 1 2 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM PER CENT PER AL 10 OVERNIGHT 3-MONTH 6 2 10 6-MONTH 7-DAY 6 2 10 1-YEAR 1-MONTH 6 2 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 3-MONTH E U R O - D O L L A R DEPOSITS FEDERAL FUNDS DASHED LINE i , OVERNIGHT EURO-DOLLAR DEPOSITS 9 0 - D A Y CD S DASHED LINE DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE i i 1 1 i I n 11 111 i 1976 FAVORS BORROWING IN U. S. IF POSITIVE A D J U S T E D FOR REQUIREMENTS i i I i II i i I i ii i i i 1 i i 1978 RESERVE REQUIREMENTS 1976 I I II II II I II 2 1978 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 10 EURO-DOLLAR DEPOSITS 8 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 EURO-DOLLAR DEPOSITS 4 DASHED LINE 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 10 CANADIAN FINANCE CO. PAPER, EURO-DOLLAR DEPOSITS COVERED „ U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL I 1976 I I IIIIIM IIIIIiII III III h i l l i h i l l i h i l l M i l l 11 1978 1976 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 9 CANADA UNITED STATES 7 5 10 JAPAN INDUSTRIAL SWITZERLAND 8 6 GERMANY 18 4 13 UNITED KINGDOM FRANCE # NETHERLANDS 11 U. S. CORPORATE MONTHLY U. S. 9 EURO-DOLLAR CORPORATE MONTHLY BONDS Aaa BONDS 7 E U R O - D M BONDS 5 1976 1978 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 RATIO 140 — 120 -- 100 - UNITED STATES - j - 80 - I 60 I I I I UNITED KINGDOM I JAPAN 200 160 - I l l I LI i II i I 140 — 120 - CANADA 100 80 - — - I 60 140 — 120 - SWITZERLAND I I I I A I I IIIIIIII Ii - FRANCE ^ GENERAL INDEX GERMANY 100 - 80 60 - I I 1976 I I I I II I I I I I I 1978 1976 1978 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 . GOLD PRICE U.S. CHART 4 . 25 25 25 25 25 25 25 25 25 25 63 . 9 9 148 . 9 6 173 . 1 6 159 . 9 9 80 . 6 7 97 . 8 1 117 . 5 7 220 . 4 4 152 . 5 0 7 1 .t>u JAN. JAN. JAN. JAN. JAN. JAN. JAN. 25 25 25 25 25 25 25 0.17 0.73 4.29 -5.43 6.29 2.74 4.31 J A N . 25 175.13 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-OM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 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 JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. DEC. JAN. 25 25 20 13 20 20 20 20 30 20 6 .. 7 2 6 ,. 9 4 6 .. 1 3 6 .. 9 8 3 .. 4 5 2 .. 7 0 4 .. 7 5 8 ,. 8 8 5 .. 0 0 0 .. 1 6 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 25 25 25 25 25 25 25 6.88 3.50 5.25 7.30 7.08 6.16 0.95 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 LAST VALUE PLOTTED VALUE DATE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 25 25 25 25 25 25 6.94 6.96 7.04 7.30 7.63 7.75 25 25 25 25 25 25 6.94 6.72 0.51 7.30 6.86 0.28 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL JAN. 25 JAN. 25 J A N . 25 7.30 6.90 0.40 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL J A N . 25 J A N . 25 JAN. 25 6.79 7.25 -0.46 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL JAN. 25 JAN. 25 JAN. 25 7.30 7.79 -0.49 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JAN. 25 J A N . 25 JAN. 25 7.30 7.24 0.06 CHART 7 . JAN. JAN. JAN. JAN. JAN. 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 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, JAN. JAN. JAN. JAN. JAN. JAN. 3—MONTH FUNDS S E R I E S NAME CHART 9 . LONG TERM GOVERNMENT BOND Y1LLDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. JAN. JAN. DEC. JAN. JAN. JAN. DEC. JAN. 20 13 20 13 6 30 20 7.96 5.47 6.27 3.67 9.02 10.66 7.37 9.69 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED VALUE DATE DEC. NOV. NOV. 8.19 6.45 7.85 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. 20 6 30 30 20 13 13 92.46 243.94 90.19 84.30 116.15 74.64 99.34 .••oOlcow--. FEDERAL RESERVE statistical r e l e a s e •f*4LRl^: H. 10 JANUARY 3 1 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 2 7 , 1976 1978 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 . 9 0 0 0 6 .59500 3,. 0 5 1 0 0 90.4500 17.4300 24.9000 21.. 1 6 0 0 4 7 ,. 3 6 0 0 12,. 3 5 0 0 194.. 1 7 0 0 0 ,. 1 1 4 8 0 0.41415 4 2 , .2250 4 .. 4 0 0 0 4 4 , ,2900 102 .,1000 1 9 , ,4400 2 . .4900 1 1 5 . .0500 1 . 2407 6.2500 2 1 . ,4900 5 0 . ,4000 194.1700 v 23 JAN . 24 CRATE U.S.. CENTS JAN. 25 113 . 8 5 0 0 6 .60500 3 .06000 90 .6200 17 . 4 6 0 0 25 . 0 1 5 0 21 .2100 47 .4325 12 . 3 5 0 0 194 . 6 4 0 0 0 .11512 0 .41380 42 . 2 9 5 0 4 .4000 44 . 3 3 5 0 102 . 3 0 0 0 19 . 4 7 0 0 2 .4900 115 . 0 5 0 0 1 .2430 6 .2500 21 .4900 50 . 7 4 0 0 194 . 6 4 0 0 113.. 9 5 0 0 6.60000 3,. 0 7 3 0 0 90,. 3 5 0 0 17,. 5 0 0 0 25.0500 21,. 2 7 0 0 47,. 6 3 0 0 12.. 3 5 0 0 195,. 2 8 0 0 0 ,. 1 1 5 3 5 0,. 4 1 4 5 0 4 2 ,. 2 7 0 0 4.4000 4 4 .. 4 3 0 0 102.. 3 0 0 0 19,. 5 0 0 0 2 .. 4 9 7 5 115. . 0 5 0 0 1.( 2 4 5 3 6 ., 2 5 0 0 21.5300 5 1 ., 0 7 0 0 195.2600 JAN,. 26 JAN.. 27 113.9500 6.61000 3.06450 9 0 ,. 3 8 0 0 17,. 4 4 0 0 25. . 0 3 75 21. . 1 8 0 0 4 7 .. 4 3 0 0 12.. 3 5 0 0 195. . 1 9 0 0 0 ,. 1 1 5 2 5 0.. 4 1 5 7 0 4 2 ,. 2 5 0 0 4.3950 4 4 .. 2 5 0 0 102,. 3 0 0 0 19.. 4 9 0 0 2 .. 4 9 0 0 115,. 0 5 0 0 1,. 2 4 4 9 6 ,. 2 5 0 0 21,.5000 50,. 5 8 0 0 195,.1900 113.8500 6.. 5 9 0 0 0 3,. 0 4 5 0 0 90,. 2 5 0 0 17,. 4 3 0 0 25.. 0 0 0 0 21,. 0 9 5 0 4 7 ,. 2 5 0 0 12.. 3 5 0 0 194.6500 0,. 1 1 5 1 0 0 ,. 4 1 4 3 0 4 2 .. 2 9 0 0 4 .. 3 9 5 0 4 4 ,. 0 4 0 0 102.. 4 0 0 0 19.. 4 2 0 0 2,. 4 8 0 0 115,. 0 5 0 0 1,. 2 4 1 3 6,. 2 5 0 0 2 1 ,. 5 0 0 0 50. . 3 0 0 0 194., 6 5 0 0
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