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5 - J ,(616/517} / LIBRARY AUG VIS""" FEDERAL RESERVE BANK OF CHICAGO Interest & Exchange Rates Weekly Series of Charts # July 23, 1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 ? 1979 <Md 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 a 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 MARCH 197 RATIO ICALE MARCH 1973=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 CANADIAN DOLLAR \ 60 180 160 — GERMAN MARK . FRENCH FRANC - - 140 , — 120 - - 1 100 i i I | | 160 - - 140 JAPANESE YEN 120 Jr—\ SWISS FRANC \ — ~ V Vx. a - - / A / \ / /1 v / y ~ J - 100 80 i 11111111111 160 140 y " i BELGIAN FRANC DUTCH GUILDER 120 100 100 ITALIAN LIRA 80 U.K. POUND 60 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 6 — CANADIAN DOLLAR - ITALIAN - LIRA - U. K. POUND — - U m/L 24 DUTCH GUILDER - YX - — — 12 6 — - 1 12 18 18 12 GERMAN MARK - SWISS FRANC 12 M — - FRENCH FRANC JAPANESE YEN \ — 1 1977 1979 12 f 1 1 1 1 1977 1 11111111111 ~ 11111111111 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 320 300 280 - 260 - 240 - 12.5 Kg BARS AFTERNOON FIXING PRICE 220 - 200 180 160 140 120 - 100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 14 12 10 JAPAN - OVERNIGHT EURO-DOLLARS U.S. FEDERAL FUNDS 16 — " — 1 | 12 U.K. 2-DAY LOCAL AUTHORITY / — J vxJ ~~ NETHERLANDS 8 - W 4 — - I 0 - I I I I I I I , 12 CANADA yr 8 4 I I I I I I 11111111111 FRANCE i - « f / III|||||||| - I 1 1 - EURO-SWISS FRANC I GERMANY if t | EURO-DM 1 1 1977 1 nliil.il.. I.I..I..I.. 1979 1977 1979 - 12 ~ « CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.K. INTERBANK STERLING v 12 12 U.S. CD S WEIGHTED AVERAGE FOREIGN RATE 10 8 } GERMAN INTERBANK RATE S JAPANESE BANK LOANS AND DISCOUNTS \1 — ~ 4 — I 2 I I I I I ! , | I i i 11 H i i l 11 I I I I I I I I I M ' 0 SWISS INTERBANK RATE •V'"' . ; 4 CANADIAN FINANCE CO. PAPER X k f \ f l \ M J \ A - - I I I I I 1977 : I 1979 i i i 1 1 1977 1 i , 111111 i j i „ l u l u In 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 OVERNIGHT — 3-MONTH I I I I I I / - I 12 - 7-DAY i i i 1 1 6-MONTH M 12 - - 1-MONTH f 1-YEAR - i i i i i 1 1 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 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS 90-DAY CD S DASHED LINE -J 11 1 I I 1 I I 1 11 1 I 11I 1I 11I I I I I I I I I I I I I DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE DASHED LINE REQUIREMENTS r w A V ^ V A / V V + 0 I I I I I I I I I 1977 FAVORS BORROWING 1979 ! I I ! I 1977 I i i I i i I i i I i i I I I I I I I I I I I 1979 IN U. S . IF POSITIVE i A CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER ( PER CENT PER ANNUM NT PER ANNUM 14 16 12 EURO-DOLLAR DEPOSITS i M V CANADIAN FINANCE CO. PAPER, COVERED 8 4 INTERBANK STERLING + 0 COVERED LONDON Illlllll 4 4 U.S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL + 0 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM 10 COVERED FRANKFURT 8 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE 6 4 2 DIFFERENTIAL + DIFFERENTIAL 0 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 11 10 UNITED STATES CANADA 8 6 — I I I I I I I ,, — - ~ 1111,1 < 111, i , 1111111 ~ SWITZERLAND GERMANY UNITED KINGDOM FRANCE NETHERLANDS U. S . CORPORATE MONTHLY MONTHLY Aaa BONDS JAPAN EURO-DOLLAR 1977 BONDS 1979 1977 1979 9 7 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE I 1969=100 140 200 120 — UNITED STATES — /VVA 100 / */ W 160 - - " UNITED KINGDOM - - — j I AT I 120 80 " 360 — 320 - i l I l I I jr k j J — 100 - \ i JAPAN 280 —„ z 240 80 y - V - AVV — — 60 200 I I I i i i 1 1 1 • 140 100 120 SWITZERLAND CANADA 80 //I/ 100 80 60 - - I I I 50 150 150 130 FRANCE GENERAL 130 /Vy INDEX r J 110 90 70 - - GERMANY - - 90 - I I I I I 1977 I I 1979 110 I I I I 1977 A I 1979 LAST VALUE PLOTTED VALUE DATE SERIES NAME CHART 1 . SPOT EXCHANGE RA^ES ANO I N D I C E S 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 I T A L I A N LIRA INDICES, MARCH 1 9 7 3 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 2 . 54.99 3.46236 49.99 ^ 224.92 86.11 23.59 60.80 3.43446 0.12209 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 154.69 121.06 143.52 9 0.97 8 5 . 83 106.31 195.61 135.33 69.35 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FPANC ITALIAN LIRA 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 JULY 18 JULY 19 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 MAR 1 9 7 3 == 100 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 86. 147. 109. 130. 79. 75. 94. 177. 122. 59. 93. 80 49 34 64 66 22 56 83 ?9 82 63 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 -0.31 -3.14 4.51 -1.27 9.85 1.15 5.19 -4.93 1 LAST VALUE PLOTTED DATE VALUE SEP IES NAME CHART 3 . GOLD PRICE U.S. . I N LONDON, DOLLARS °ER AFTERMOON F I X I N G F I N E OUNCE EURO-DOLLAR DEPOSIT RATES: 7 . JULY JULY JULY JULY JULY JULY JULY JULY JUNE JULY 18 18 13 13 13 6 13 13 15 6 10.35 10.54 14.00 13.60 5.80 5.65 5.56 9.38 7.10 0.41 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 JULY 18 10.10 6.75 6 . 00 1 1 . 15 13.91 1.25 9.34 JULY J'JLY JULY JULY JULY JULY 1 0.54 10,46 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 203.89 3-MONTH INTEREST R A T E ^ 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 - 1 C COUNTRIES &LUS SWITZERLAND) CHA3T 6 . 18 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EUP0-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART <5. JULY SELECTED C UR0-30LL.AR AMD U . S . 18 18 18 18 18 18 10.61 10.73 1 0 . 71 10.45 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 . c r i o RESERVE REQUIREMENTS JULY JULY JULY 18 18 18 1 0 . 54 10.35 0.19 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL JULY JULY JULY 18 18 18 10.10 10.73 0.63 4 LAST VALUE PLOTTED DATE VALUE SERIFS NAME CHART 8 . INTEREST A R B I T R A G E , 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, DIFFERENTIAL COVERED COVERED EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL CHART 9 . 10.73 10 . 6 6 0.06 JULY JULY JULY 18 18 18 9.87 1 0 . 84 -0.97 JULY 18 JULY 18 JULY 18 10.73 11.33 -0.61 JULY JULY JULY 18 18 18 10.73 11.13 -0.41 JULY JUNE JUNE JULY JULY JUNE J'JNE JULY 13 29 8.93 7.85 8.07 3.45 9.73 1 0 . 71 8.81 10.43 6 13 29 15 13 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 18 18 18 LONG TERM GOVFRMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . JULY JULY JULY INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JUNE DEC. MAY 9.29 6.63 8.72 STOCK I N D I C E S JULY JUNE DEC. JUNE JULY JULY JUNE 13 22 29 29 6 13 29 105.60 295.80 113.81 134.60 112.20 77.22 96.45 FEDERAL RESERVE • Of_uOW • .. statistical release ••WW?--' H.10(512) JULY 2 4 , FOREIGN EXCHANGE RATES JULY 2 0 , FOR THE WEEK ENDING 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 (RATE JULY 16 JULY 112.7000 7 . 4 7 3 84 3.42700 86.1549 19.0712 25.9673 23.5349 54.9300 12.5000 208.0500 112.8400 7.51597 3. 45304 86.2069 19.1865 26.1165 23.6742 55.1572 12.6500 0.12188 0.46125 46.3714 4.3764 49.9126 101.8800 19.8216 2.0547 118.2000 1.5133 6.4100 23.6407 60.7165 224.2000 / 17 208.6000 0.12247 0.46200 46.5116 4.3783 50.1882 102.2500 19.8649 2.0619 118.3500 1.5133 6.4100 23.7417 61.1621 226.9500 U.S. CENTS L JULY 18 JULY 19 JULY 20 1700 53580 46981 8959 2901 26. 2089 2 3 . 7784 55. 3281 12. 6 5 0 0 2 08.5 0 0 0 0 . 12314 0 .. 4 6 8 1 6 4 6 .. 9 4 84 4 .. 3 7 8 3 50. 4541 113. 7. 3. 35. 19. 2800 54148 46260 8222 2938 26. 1917 2 3 . 7304 5 5 . 2334 .7500 2 0 9 .. 7 0 0 0 0 .. 1 2 2 7 7 0 .. 4 6 2 9 6 46 . 7 9 4 6 4 .3783 50. 2892 102.. 5 2 0 0 19. 9 1 6 4 2.. 0695 118.. 5500 1 .5135 6 .4100 23 . 8 5 4 9 61 . 1 0 6 0 2 2 9 . 2 500 112.9700 7.48503 3.43643 85.8664 19.2012 26.1096 23.5571 55.0055 12.7500 113. 7. 3. 85. 19. 102.. 6200 19 .9044 . 0661 118.. 3 5 0 0 1 .. 5 1 4 7 6.. 4 1 0 0 2 3 .. 8 3 2 2 61.. 3 3 0 9 2 2 7 . 8000 2. 12. 208.0000 0.12210 0.46062 46.5116 4.3783 50.1002 102.2000 19.8629 2.0563 118.5500 1.5133 6.4100 23.7756 60.9014 227.4000
@FedFRASER