The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Selected Interest & Exchange Rates Weekly Series of Charts fcc-fcdi'Oj . of San JUL ' Ia J S R A R Y July 3, 1978 „ DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 I f 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 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 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 SCALE MAY 1970 PARITY: 100 RATIO SCALE MAY 1970 PAWTY=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 - 100 - 100 CANADIAN DOLLAR nlnlitlii 180 /V\ - FRENCH FRANC GERMAN MARK 160 , J - - 140 120 " l l l l l l I I l l l l l l l I I l l l l l l l ill I l 240 — | 180 160 - 140 - J I SWISS FRANC JAPANESE YEN R- 120 - 100 — - I l l I I I llillllllll I ILLLLLLLLLL I 140 I DUTCH GUILDER BELGIAN FRANC 120 I I I I M I U.K. POUND ITALIAN LIRA 111 Ml I I I I I 1976 1978 1976 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 CANADIAN DOLLAR I I I I I I i ill i In In PER CENT PER ANNUM DUTCH GUILDER U. K. ROUND 12 - ; 111 111 11111111111111111 18 SWISS FRANC GERMAN MARK / AZ - A ^ - + 0 I I I I I I „ I FRENCH FRANC j — 12 I I I I I I I,, |,, JAPANESE YEN - I I 1976 I 1978 1976 1978 CHART 3 PRICE OF GOLD IN LONDON A V E R A G E S FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 180 - 160 - - 180 - 160 - 140 1 2 . 5 K g BARS AFTERNOON FIXING PRICE 140 120 120 100 100 1976 1978. CHART 4 CALL MONEY RATES WEEKLY SERIES PER C PER CENT PER AN PER ANNUM 12 12 U.S. FEDERAL FUNDS JAPAN 8 4 - 8 4 OVERNIGHT EURO-DOLLARS I 0 I I 16 y I I I 0 16 FRANCE 12 8 12 \ : j U.K. 2-DAY LOCAL AUTHORITY 8 4 4 I 0 i I I I I lllllllllll MIIIIMIII 0 12 12 NETHERLANDS CANADA 8 8 4 4 0 0 12 12 8 EURO-SWISS FRANC 8 GERMANY 4 4 + 0 + lllllllllll 4 0 EURO-DM 1976 1978 4 1976 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM CANADIAN FINANCE CO. PAPER EURO-DOLLAR 16 JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING 11 SWISS INTERBANK RATE GERMAN INTERBANK RATE 1976 1978 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER ENT PER ANNUM PER CENT PER AJ 10 OVERNIGHT 3-MONTH 6 2 10 6-MONTH 7-DAY J - 6 - 2 I I I IIIIIIIIIIII I I I I I 1-YEAR 10 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 8 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS DASHED LINE OVERNIGHT EURO-DOLLAR DEPOSITS 6 9 0 - D A Y CD*S DASHED LINE 4 2 DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS w A / v Y V \ A + 0 2 1976 FAVORS BORROWING IN U. S. IF POSITIVE 1978 1976 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S M , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER Af :NT PER ANNUM 10 10 EURO-DOLLAR DEPOSITS 8 R / 8 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 6 EURO-DOLLAR DEPOSITS 4 4 DASHED LINE 2 2 DIFFERENTIAL + 0 0 DIFFERENTIAL I iilnliifn 2 I I I I I III I' I H l l I I I I I I I I III I I 2 10 10 CANADIAN FINANCE CO. PAPER, „ COVERED EURO-DOLLAR DEPOSITS 8 8 > l 1 \ A V 1VV __ Ai 6 6 — 4 „ U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED 4 DASHED LINE DASHED LINE : - — 2 DIFFERENTIAL DIFFERENTIAL + 0 " Mi l l It l l II I 2 1976 1978 Y h 1 yy w 1 1 1976 f i » " + 0 T l l l l l l l l l l l 2 1 r 1 11 11 1 I 12 1 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNU PER ANNUM r— 11 . — CANADA UNITED STATES - 8 I I I t I ; I 6 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY U 18 tmiiii 16 UNITED KINGDOM FRANCE 14 12 NETHERLANDS 10 8 U. S. CORPORATE MONTHLY U. S. CORPORATE MONTHLY 9 ' \ EURO-DOLLAR BONDS >< Aaa BONDS 7 EURO-DM BONDS l 1976 1978 I 1976 I 5 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO RATIO iCALE 196 1969=' 30 140 120 UNITED STATES 100 UNITED KINGDOM 80 60 320 280 JAPAN 240 200 160 140 120 CANADA 100 SWITZERLAND - yV - 80 I 60 I I I I I I III l II!II I 140 120 FRANCE GENERAL INDEX GERMANY 100 r /v ^ v \y — 80 - I 60 — 1976 1978 I i I I 1976 I 1978 L A S T V A L U E PLOTTED DATE VALUE S E R I E S NAME CHART I . SPOT EXCHANGE RATES WEEKLY AVERAGES-, NOON B U Y I N G RATES (U.S. CENTS) GtRMAN MARK JAPANESE YEN DUTCH G U I L D E R U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC S W I S S FRANC b E L G I A N FRANC ITALIAN LIRA . INDICES, HAY 1970 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH G U I L D E R U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC I T A L I A N FRANC 3 - M O N T H FORWARD EXCHANGE R A T E b , C A N A D I A N DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH G U I L D E R JAPANESE YEN 26 26 26 26 28 28 28 28 28 48.08 0.48242 44.78 164.73 88.90 21.94 53.54 3.06262 0.11670 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 26 26 26 26 28 28 28 26 28 175.97 173.67 162.11 76.97 96.11 121.89 234.11 153.13 72.94 28 28 28 28 28 28 26 28 28 26 82 . 7 7 162 . 1 4 155 . 3 9 142 . 7 0 62 .72 81 .50 105 . 6 0 205 . 4 8 134 . 2 7 60 .09 28 28 26 28 28 26 28 0 .30 - 3 .08 5 .36 - 1 .25 7 .19 4 .09 5 .14 PAR-ITIES = 100 GERMAN MARK JAPANESE YEN DUTCH G U I L D E R U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC I T A L I A N LIRA CHART 2 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE MAY 1 9 7 0 = 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNfc P R t M l U M OR DISCOUNT JUNE JUNE JUNE JUNE JUNfc JUNE JUNE LAST VALUE P L O T T E D DATE VALUE S E R I E S NAME CHART 3 . GOLD PRICE U.S. CHART 4 . DOLLARS IN LONDON PER F I N E OUNCE JUNE 2 8 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT LURC-DOLLAR D E P O S I T S U . K . 2--OAY LOCAL AUTHORITY D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . EURU-DULLAR DEPOSIT 28 28 23 16 23 23 23 23 16 23 7.78 7.70 9.86 7.98 3.55 3.40 4.38 7.75 4.29 0.74 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 28 2b 28 28 28 28 28 8.00 3.6' 4 . 7t» 8.65 8.01 10.05 1.50 JUNE JUNE JUNE JUNE JUNE JUNE 26 28 28 28 28 28 7.70 8.28 8.14 8.65 9.05 9.18 26 28 28 28 28 2o 7.70 7.78 0.24 8.65 R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3-MONTH INTEREST RATcS U . S . 90—DAY C D ' S C-ERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE PAPER INTERBANK S T E R L I N G SWISS INTERBANK LOAN CHART 6 . 165.14 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 D E P O S I T RATE U . S . 90-DAY CD'S D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS JUNE JUNE JUNE JUNE JUNE JUNfc 8.00 V.5G LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 8 . INTEREST ARBITRAGE, 3 - M O N T H FUNDS E u R O - D U L L A R DEPOSIT INTERBANK S T t R L I N G (LONDON) , DIFFERENTIAL JUNE 2 6 JUNE 2 8 JUNE 2 6 8.65 6.9? U . S . COMMERCIAL PAPER C A N A D I A N FINANCE P A P E R , COVERED DIFFERENTIAL JUNE 2 8 JUNE 2 t i JUNE 2 8 7.75 6.31 —0 . 5 6 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL JUNE 2 8 JUNE 2 8 JUNE 2 8 6.65 9.02 -0.3 7 JUNE 2 8 JUNE 2 6 JUNE 2 6 8.65 6.69 —0.04 COVERED COVERED EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVtRED DIFFERENTIAL CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S U N I T E D STATES GERMANY J A P A N (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 10. JUNE JUNE APRIL JUNE JUNE JUNE JUNE JUNE 23 16 16 16 16 16 16 8.49 5.51 5.98 3.42 9.22 10.36 6.92 11.49 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1.66 INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY APRIL APRIL APRIL 8.56 6.52 7.83 STOCK I N D I C E S JUNE JUNE JUNE JUNE JUNE JUNE JUNE 23 16 9 9 23 23 16 99.46 273.26 95.70 106.26 106.70 73.57 100.65 FEDERAL Hel ° RESER ./E statistical re.ease J LY FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 3 0 , 1978 ° 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 JUNE 2 6 JUNE 2 ? AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANC 1= GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S k i LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PEIU GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 114.4400 6.69000 3.06900 bb.7500 17.6050 <3.4650 21.9550 46.1550 12.0100 184.8400 0.11685 0.48530 42.2300 4.3850 44.8200 102.6500 16.5450 2.1875 114.7500 1.267? 6.2400 21.8100 53.6300 184.8400 114.55U0 b.ob25u 3.06510 68.oiG0 17.74O0 23.4500 21.9400 48.0i.00 12.0100 184.7000 0.11670 0.48560 42.2300 4.3850 44.7600 1C2.6C00 id.5000 2.1o00 114.7500 1.2662 0 .2400 21.7700 53.5200 164.7000 (RATE U . S . C E N T S ) JUNE 2 8 114.6000 6.70000 3.06500 86.9200 . 17.7500 <-3.5075 22.0700 46.1500 12.0100 185.4400 0.11695 0.48550 42.2500 4.3825 44.6100 102.6500 le.5100 2.1875 114.7500 1.2o97 6.2400 21.8400 , 53.7700 165.4400 JUNt 29 114.7000 6.67500 3.06150 ti8 . 8 8 0 0 17.7auO 23.4675 <2.2500 46.1600 12.0100 166.5000 0.11660 0.46730 42.2200 4.3800 44.6300 102.8000 lo.5200 2.1850 114.7500 1.2oo2 6,24v0 21.6500 53.6600 186.5000 JUNE aO 114.7i>00 6.69000 3.ubOOO fe b . V i C u 17.710O 23.5675 22.1600 46.2600 i2.0100 lb6.1uOO G.11700 0 . 4 9090 4 c.2600 4.3775 4 4 . C 4 0 0 lOa.OOCO lo.5100 c .1900 1 1 4 . 7 500 1 . 2 6fc6 6 . 2 4 0 u 21 . 6 6 5 0 54.0200 16 6 . 1 0 0 0
@FedFRASER