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Selected Interest & Exchange Rates Weekly Series of Charts -aI R of San he 1 i " • / LIBRARY JULY 5, 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 1. LATEST FIGURES PLOTTED 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 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES SUBSCRIPTION RATES: 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. CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1 9 7 0 PARITY=100 RATIO SCALE MAY 1970 PARITY=100 120 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 80 11 80 140 140 FRENCH FRANC JAPANESE YEN 120 - v ¥ 100 S . v \ 120 — V v I I I I „ l u l l , In I I SWISS FRANC GERMAN MARK 160 J \ r \ - 160 DUTCH GUILDER - 140 I 120 S r - s BELGIAN FRANC _ 140 r v - — iI V U •— v 120 — 100 I I 11 I I I l l l l l l I " I I I l I 100 100 100 11 l i i 11 I ITALIAN LIRA U.K. POUND 80 60 1975 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :ENT PER ANNUM 6 + /V\ CANADIAN DOLLAR 0 - 6 1 1 1 PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND 6 12 18 6 SWISS FRANC GERMAN MARK + 0 I I I ill 6 6 JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER + 0 FRENCH FRANC 9 6 12 I iIIIIIIIII 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 200 200 180 - 160 - 140 - - 180 - 160 12.5 Kg BARS AFTERNOON FIXING PRICE 140 120 - - 120 100 - - 100 I I I I I I I I 1975 80 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 1& 16 .5. FEDERAL FUNDS Inn JAPAN - OVERNIGHT EURO-DOLLARS 12 - l l l l l l l l i l l 16 - - MJ U.K. 2 - D A Y LOCAL AUTHORITY vA.A 12 jd II - V — 4 V - ! I I I I I 16 — 12 J V 8 — FRANCE ysJ - llllllllill llllllllill I I I I I I I I I I , , I , , I , , I , , I I I I I I I I I II I I h 12 NETHERLANDS CANADA H 0 20 16 EURO-DM EURO-SWISS FRANC GERMANY - 12 - 8 I I I I I I I I I I,I 1975 1977 1975 1977 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM CANADIAN FINANCE CO. PAPER UNITED STATES C D ' s U.K. INTERBANK STERLING GERMAN INTERBANK RATE EURO-DOLLAR SWISS INTERBANK RATE JAPAN MONTHLY 1975 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 - PER CENT PER ANNUM OVERNIGHT II 3-MONTH wX/ - ~ l - I I i 1 1 n i l , I,, I,, 11111111111 7-DAY 6-MONTH 1-MONTH 1-YEAR 1975 1977 1975 - 1977 12 CHART 7 SELECTED EURO-DOLLAR AND U. S.MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PE* CENT PER ANNUM PER CENT PER ANNUM 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR FEDERAL DEPOSITS FUNDS DASHED LINE 90-DAY CD'S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS + 0 I I I I I I I I I I I I I I I I LlI I I I I 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 LY'1. PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 \L\ / 1 ' INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT — 6 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I I l l l l l I I I M i l l M il CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 12 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL zVvAA/v>A/X^VW^VAvV^A/Vv'>^A DIFFERENTIAL iiIiilii 1975 iii i 1977 11111 i 1111'1111111 II111 1975 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER ENT PER ANNUM PER CENT PER A 9 CANADA UNITED STATES 10 7 8 5 6 12 9 — /— A f 10 / \ \ JAPAN \ / \ k \\ — V v 8 X INDUSTRIAL \ \ rv ^ SWITZERLAND - — X I X V I ^ GERMANY x I N\ ^ \ 7 5 \\ V —- 6 I I I i i i i n i i i i i i i i i i X i ill i I I I I I I 3 13 19 11 17 FRANCE UNITED KINGDOM 9 15 7 13 NETHERLANDS L_U 5 11 12 12 U.S. CORPORATE U.S. CORPORATE MONTHLY MONTHLY 10 10 EURO-DOLLAR Aaa BONDS BONDS 8 8 E U R O - D M BONDS 6 6 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO >CALE 1 9 6 9 = DO 180 - — 140 - UNITED STATES 100 80 RATIO SCALE 1969=100 - 60 UNITED KINGDOM 360 280 JAPAN 200 160 120 180 100 140 SWITZERLAND CANADA 80 100 60 80 60 i l l ii h i l l i 180 180 140 140 FRANCE GENERAL INDEX GERMANY 100 100 80 80 I !IIIIM IIi 60 1975 1977 1975 1977 60 SERIES NAME CHART 1 . LAST VALUE PLOTTED DATE VALUE 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 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 29 29 29 29 29 29 29 29 29 29 89.85 132.98 155.62 145.26 71.67 1 01.86 112.5 6 176.05 138.42 70.62 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 29 29 29 29 29 29 29 -1.38 —3 .5 0 2.00 -3*64 2.13 2.46 -0.17 JUNE 2 9 141.76 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUI LDER JAPANESE YEN $. GOLD PRICE I N LONDON U . S . DOLLAR PER F I N E OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO—DOLLAR DEPOSITS U J U 2—DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM J APAN FRANCE NETHERLANDS EURO-SWISS FRANC JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 29 29 24 24 24 24 24 24 17 24 5.43 5.52 7.13 6.90 4.40 4.14 5.63 8.7 5 0.84 1.11 JUNE JUNE APRIL JUNE JUNE JUNE JUNE 29 29 5.30 4.22 8.04 5.80 7.12 7.78 3.72 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S C60—89 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN 29 29 29 29 SERIES NAME CHART 6 . LAST VALUE PLOTTEl DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON JUNE JUNE JUNE JUNE JUNE JUNE 29 29 29 29 29 29 5.52 5.4J5 5J: 5.80 6.15 6.39 29 29 29 29 29 29 5.52 5.43 0.32 5.8 0 5.30 0w40 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE 2 9 JUNE 2 9 JUNE 2 9 5.80 4.28 1.52 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JUNE 2 9 JUNE 2 9 JUNE 2 9 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JUNE 2 9 JUNE 2 9 JUNE 2 9 6 J2.C -0.42 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE 2 9 JUNE 2 9 JUNE 2 9 5.80 5.8 5 -0.05 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR 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 . JUNE JUNE JUNE JUNE JUNE JUNE INTEREST ARBITRAGE, 3—MONTH FUNDS %• 5.39 5.7 5 -0.3b 5.80 SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SMI TZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM JUNE JUNE MAY JUNE JUNE JUNE JUNE JUNE 24 17 17 24 17 17 24 7.25 6.11 7.43 4.42 8.70 10.93 7J4 12.34 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS jART 1 0 . MAY MAY HAY 8.0 5 6.87 7.72 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JUNE JUNE JUNE JUNE JUNE JUNE MAY 24 17 10 17 24 24 27 103.61 247.64 89.16 79.98 107.10 73.74 97.29 .•-btcowV.'- I F E D E R A L H. 10 R E S E R V E s t a t i s t i c a l r e l e a s e JULY FOREIGN EXCHANGE RATES FOR THfc WEEK ENDING JULY 1, 1977 1 t 1917 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 SWtOEN SWITZERLAND UNITED KINGDOM ( RATE U . S . CENTS JUNE 29 MONE TARY UNIT JUNE 27 JUNE 28 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 111.0000 5.98000 2.76550 94.1000 16.5100 24.5300 20.2625 42.4700 11.2600 172.0100 0.11300 0.3*835 40.2300 4.3500 40.0650 96.4000 lb.7800 2 .5800 114.7506 1.4347 13.7000 22.5500 40.2200 172.0100 1 1 1 . 0600 5.9650 0 2.76200 9 4 . 1400 1 6 . 5100 2 4 . 5300 *0.2700 42.4600 1 1 . 2600 172.0300 0 . 11300 0. 36920 40.2200 4 . 3500 4 0 . 0350 9 6 . 4200 16.7700 2 . 5800 114.7500 1.4358 1 3. 7000 2 2 . 6050 4 0 . 2600 1 7 * . 0300 111.4500 6 .00000 2.77200 94 . 1 5 0 0 16 . 5 5 0 0 24 . 6 0 0 0 20 . 3 3 5 0 42 . 7 4 5 0 11 . 2 o 0 0 172 . 0 9 0 0 0.11300 0 .37390 40 . 2 1 0 0 4.3400 40.3100 96HA500 18.8100 2 .5600 114.7500 1 .4347 13 ./OOO 22 . 7 4 0 0 40 . 5 9 5 0 172 . 0 9 0 0 JUNE 3 0 JULY 1 111.5000 6.02750 2.77250 94.3500 16.5900 24.6950 20.3200 42.7150 11.2600 171.9700 0.11299 0.37370 40.2000 *.3400 40.3550 9*.6500 16.3200 2.5800 115.1000 1.4339 1 3 . 7 0 00 22.7100 40.5400 171.9700 111.4500 6.02000 2.77300 94.3700 16.5800 24.7500 20.3286 42.7300 11.3500 171.9700 0.11300 0.37435 40.2000 4.3275 40.3450 *6.7000 18.7700 2.5*00 llS.OuUO 1.4331 13.7000 22.7100 •*0.6300 111.9700
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