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Pectoral P « s p r v r B a n k o Sar. ^ r a n c « s . - o 2 5 lu/' I3RARY Selected Interest & Exchange Rates Weekly Series of Charts JULY 18, 1977 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 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-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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1970 PARITY* 100 RATIO SCALE MAY 1970 PARITY* 100 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 00 80 v > I I I / I " I I I lllllllllll I I I I I 140 - ~sJ*f>ANESE I I r \ YEM FRENCH FRANC MMN. 120 y - /"V I I z w \ ^ '^ v 120 — 100 I I I I I nliiliihi I I I I I I I I ,,,,, i,,,,, | SWISS FRANC GERMAN MARK ; V v ^ r L J U L L J 100 140 120 V 100 W / j V 100 DUTCH GUILDER J \ — — I nhi ulii 111 i l l i i 1 1 1 BELGIAN FRANC S r - x' I I I I I I I," lllllllllll - 111IIIII111 lllllllllll — ITALIAN LMA U X POUND r I I Iil \\ ii \i to — 1975 60 ~ I 1977 80 i — I I 111 111 111 100 I I I I 1975 I iiiiiiiiin 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 —— CANADIAN DOLLAR — I I I I I I PER CENT PER ANNUM U. K. POUND DUTCH GUILDER SWISS FRANC GERMAN MARK JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER FRENCH FRANC 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 1S0 - 12.5 Kg BARS 160 AFTERNOON FIXING PRICE - I I I I I I I I I I 1975 I I I I I I I I I I I 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS - JAPAN OVERNIGHT EURO-DOLLARS - 8 - 4 — 16 - - flj I 12 U.K. 2-DAY LOCAL AUTHORITY Hfl v \ 8 H — 4 1 1 1 1 1 1 — iiiiiiiiiii FRANCE — I I I - R* — I I I I I EURO-DM EURO-SWISS FRANC GERMANY Illllllllll 1975 - 12 — NETHERLANDS CANADA I 16 A/ 12 - - J I A M - 1977 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERES PER CENT PER ANNUM 2 PER CENT PER AM — CANADIAN FINANCE CO. PAPER UNITED STATES CD • 4 - 14 10 UK. INTERBANK STERLING I GERMAN INTERBANK RATE I — — - I I I —I—I I Inhiliilii 1 *' ' 1 I' 1 11 r 11111' I " I " EURO-DOLLAR SWISS INTERBANK RATE 1*75 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 OVERNIGHT II — PER CENT PER ANNUM - - J L 3-MONTH 12 - A - ~ I I I 1 1 1 lllllllllll , 1111111117 7-DAY ~i i i I I I iililiiilii 6-MONTH n l i i m 111111111111111 1-MONTH 1-YEAR I I 111 I I I I II 1975 1977 1975 1977 - CHART 7 \ J • " SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS 8 FEDERAL FUNDS DASHED LINE v"\ 90-DAY CD'S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS 1975 FAVORS BORROWING IN U. S. IF POSITIVE 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(*)» INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 6 !r~ U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 1975 1977 1975 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES r PER CENT PER ANNUM PER CENT PER ANNUM n CANADA UNITED STATES J - I I \ I I I I I 6 9 I \/\ JAPAN INDUSTRIAL , SWITZERLAND - GERMANY i i i I l I II l u l l i l l I 3 19 - - 17 FRANCE - . I UNITED KINGDOM k — 15 13 NETHERLANDS V / I I I I i I , i i l n l n i i i 11 12 US. CORPORATE U.S. CORPORATE MONTHLY MONTHLY 10 10 EURO-DOLLAR BONDS Aaa BONDS - EURO-DM BONDS " I ' 1 1 " I " I " 1111111 1975 1977 I I i I I I i! i l l ; III <975 1977 8 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO iCALE 1969= DO 180 — - 140 - UNITED STATES 100 80 RATIO SCALE 1969=100 - 140 i 60 i ] M i i UNITED KINGDOM 360 — — 100 — 280 JAPAN — — 6^ 200 160 - 40 120 I I I I I I 35 180 120 - 140 - SWITZERLAND CANADA 100 80 100 - \ - 60 80 I 60 I I I I I ML,,I,,I,, ..Intnl.. 180 180 - 140 - FRANCE GENERAL INDEX — 100 — 80 — IIIllllll II 60 40 1975 1977 140 — GERMANY 100 - 80 11111111111 60 Via I i I i I 1975 I | |||||||||| 1977 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 2. 88.85 136.23 159.62 147.59 71.66 102.03 114.15 180.87 140.11 70.77 JULY JULY JULY JULY JULY JULY JULY 13 13 13 13 13 13 13 -1.41 -3.96 1.85 -4.41 2.66 2.51 0.02 JULY 13 142.10 JULY 13 JULY 13 JULY 1 JULY 1 JULY 1 1 JULY JULY 1 JULY 1 JUNE 17 JULY 1 5.34 5.49 7.00 7.15 4.50 4.44 5.63 8.75 0.84 0.50 JULY JULY MAY JULY JULY JULY JULY 5.25 4.30 7.85 3.77 7.3G 7.77 3.17 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 13 13 13 13 13 13 13 13 13 13 GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE •. JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 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 . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN 13 13 13 13 13 13 SERIES NAME CHART 6 . L A S ! VALUE PLOTTED DATE VALUE EURO-OOLLAR Dt P U S I I RATES; LONDON 13 13 13 13 13 13 5.49 5.48 5.58 5.77 13 13 13 13 13 13 5.49 5.34 0.38 5.77 5.25 0.42 EURJ-OOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JULY 13 JULY 13 JULY 13 5.77 3.61 1.96 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JULY 13 JULY 13 JULY 13 5.38 5.69 -€•51 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JULY 13 JULY 13 JULY 13 5.77 6.15 -0.38 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY 13 JULY 13 JULY 13 5.77 5.82 —0.05 OVERNIGHT 7—DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . JULY JULY JULY JULY JULY JULY 6.08 6.31 SELECTED EURO-OOLLAR AND U . S . 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 . C D ' S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . JULY JULY JULY JULY JULY JULY INTEREST ARBITRAGE, 3-MONTH FUNDS 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. JULY JUNE MAY JUNE JULY JUNE JUNE JULY fc 24 24 1 17 17 6 7.33 6.11 7.43 4.S3 S.72 10.93 7.1* 12.45 CORPORATE AAA BONDS EURO-OM BONDS EURO-DOLLAR BONDS CMART 1 0 . LAST VALUc PLUTTt DATE: VALUE MAY MAY MAY ti.C5 6.67 7.7? INDUSTRIAL STuCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JULY JULY JUNE JULY JULY JULY JUNE 1 1 ID 1 1 1 24 103.23 2Sv.ll dt.lo E3.3* 107.43 74.52 <*b«,43 FEDERAL H.10 RESERVE s t a t i s t i c a l JULY 1 5 , I e a s e JULY 1 8 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING r 1977 1977 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank qf 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 JULY 11 IRATE U . S . CENTS 1 JULY 13 JULY 12 AUSTRALIA AUSTRIA oElGIUM CANADA DENMARK FINLAND FRANCE KtRMANY INDIA IkfcLAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM DULLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC 0 » MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDU RAND PESATA RUPEE KRONA FRANC POUND 112.2400 6.16000 2.8Go5G 94.4250 16.6900 24.9000 20.5800 43.7950 11.3500 172.CCOO 0.11325 0 . 38010 46.3200 4.3400 40.9200 97.1000 18 . 9300 2.6000 115.0000 NA 13.7000 22.8900 41.5100 172.0000 112.2000 6.15500 Z.80600 94.5100 lb.6800 24.8700 20.5350 43.6400 11.3500 171.9900 0.11325 0.37810 40.3300 4.3500 40.7200 97.2000 18.9100 2.6000 J 15.0000 1.1474 13.7000 22.6700 41.3400 171.9900 112.3000 6.18000 2.81300 94.3550 16.8000 24.9200 20.5750 43.830C 11.3500 172.0500 0.11330 0.37840 40.3100 4.3500 40.6500 97.1500 18.9850 2.5900 115.0000 1.1527 13.7000 22.9700 41.4700 172.0500 J U L Y 14 B L A C K 0 U T JULY 15 112.0300 6.16000 2.60650 94.3750 16.7200 24.8700 20.5800 43.6000 11.3000 171.9500 0.11325 0.37690 40.3000 4.3575 40.9000 97.1000 16.9900 2.5800 115.0000 1.1529 13.7000 22.9404* 41.4250 171.9500
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