The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
S - 4 L 1 0 L l B l l A _ J U l ~ 3 0 19?S .^7^^16/517) ZfcZ .> Selected Interest & Exchange Rates Weekly Series of Charts July 9 , 1 9 7 9 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 *Y £ggjg Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES a 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 INDICES 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 INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCAL MARCH 1Q73=1C 120 12 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 CANADIAN DOLLAR \ - 10 - 8 - 12 - 10 60 180 160 — GERMAN MARK - - FRENCH FRANC - 140 120 - 100 I I I I I I | | | | I | I I | I ! II I II I I I I n " I I I I I I lllllllllll 111111111,7 6 160 £ 140 — — JAPANESE YEN 120 SWISS FRANC — /! — 100 — 80 | |||||||||| e - 160 — - - BELGIAN FRANC - 140 - 120 — DUTCH GUILDER A J N<z ~xx/ - - — - - v, ^ 100 100 I I I i i i 1 1 1 I , , - 100 100 ITALIAN U.K. POUND 80 A j , I z LIRA — - 60 8C 60 I I I 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 - - t i T I I I I I IIIIIIIIII U. K. POUND DUTCH GUILDER 18 12 GERMAN MARK - - SWISS FRANC 12 N x A N / : - i IIIIII - I I i FRENCH FRANC I r i i JAPANESE YEN 12 I - \ \ A ~ - I 1977 1979 I I I I 1977 I 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 300 280 260 240 12.5 Kg BARS AFTERNOON FIXING PRICE 220 200 180 160 140 120 100 CHART 4 CALL MONEY RATES WEEKLY SERIES :ENT PER ANNUM PER CENT PER AL 14 10 JAPAN OVERNIGHT EURO-DOLLARS 6 U.S. FEDERAL FUNDS 2 16 1 1 12 U.K. 2-DAY LOCAL AUTHORITY NETHERLANDS 8 4 0 - I I I 1 1 1 — 12 - - FRANCE 1 CANADA / 8 4 1 1 1 1 1 1 8 EURO-SWISS FRANC GERMANY 4 + EURO-DM 0 4 1977 1979 1977 1979 - r CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.K. INTERBANK STERLING - 12 U.S. CD S WEIGHTED AVERAGE FOREIGN RATE 1_1 W - IL 1 _ 1 — 10 - S E —| GERMAN INTERBANK RATE — J ~ JAPANESE BANK LOANS AND DISCOUNTS 6 - E I 2 13 I I 1 1 1 1 1 1 1 1 1 1 11 11 11 11 1 1 1 1 1 1 i 1 — i i 1 1 1 I IIIIIIIIII — SWISS INTERBANK RATE • - . CANADIAN FINANCE CO. PAPER F 9 • I A - - A ~ - A W 5 I I I 1 1 1977 12 1 1 1979 1 1 1 1 1977 1 llhlllllll 1979 4 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY 6-MONTH 8 12 8 4 12 - - 8 4 1-MONTH f - I I I I I I 1977 l - - - — - — , 11111111, i 1979 IX 1-YEAR - / - - I I 1977 I MIHIMIM 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 12 - I - 12 10 I OVERNIGHT EURO-DOLLAR r tdi 10 - f DEPOSITS fi 3-MONTH /v EURO-DOLLAR 1 DEPOSITS - 8 - 6 — ZvW-v FEDERAL FUNDS DASHED LINE 90-DAY CD'S ^ I I I I I I I i i I i i I i i I i i DASHED LINE -i i I i i I i i I i i I I I I I I I 4 — DIFFERENTIAL 1 - ADJUSTED DIFFERENTIAL FOR RESERVE REQUIREMENTS w A V A a v W V 1 »I I ' 1977 FAVORS BORROWING IN U. S. IF POSITIVE ' ' I ' ' I ' ' I ' ' 1979 I I I 1 1 1977 1 11111111111 11111111111 1979 2 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER Ah :ENT PER ANNUM 16 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 8 4 INTERBANK STERLING + 0 COVERED LONDON U.S. COMMERCIAL PAPER 4 4 DIFFERENTIAL I l\ AA i A / W | A. DIFFERENTIAL + 0 I I I 1 1 ' 1 i,inii,ii7 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM 10 COVERED FRANKFURT H 8 I fV// v EURO-DOLLAR DEPOSITS 6 EURO-DOLLAR DEPOSITS DASHED LINE 4 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER 10 UNITED STATES CANADA 8 6 10 SWITZERLAND 8 GERMANY 6 4 13 UNITED KINGDOM FRANCE 11 9 7 NETHERLANDS 5 11 U. S. CORPORATE MONTHLY 9 Aaa MONTHLY BONDS JAPAN 7 EURO-DOLLAR BONDS 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 140 200 120 — UNITED STATES — - - V w 100 A/VA UNITED KINGDOM - , - A 80 " l 360 — 320 - I i I i i iiiiiinii i!: \ - 280 V \ ^ — - 240 / y M r / JAPAN 160 V v ^ V - 120 ; 100 f 80 I - 60 — 200 I I I I I I MlllhllM I I I iiiiiinii, I , , 140 120 100 - CANADA j - 60 - I I I I I I I — — 130 FRANCE GENERAL INDEX I I I I 150 130 zV - - I I I I 1977 I 50 111111,1111 — GERMANY - I I - /Y-y 110 70 V — 80 90 V-,/"* 1 80 //I/ 100 150 SWITZERLAND - 90 - I M i n i , i h , 1979 110 I I I I 1977 I M l M l n h , MIMIMIM 1979 70 LAST VALUE PLOTTED DATE VALUE SERIES NAME ^^DHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA I N D I C E S , MARCH 1973 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 CENTS) JULY JULY JULY JULY JULY JULY JULY JULY JULY 4 4 4 4 4 4 4 4 4 54.32 0.45922 49.35 218.49 85.68 23.41 60.39 3.38267 0.12042 JULY JULY JULY JULY JULY JULY JULY JULY JULY 4 4 4 4 4 4 4 4 4 152.81 120.24 141.68 88.37 85.39 105.47 194.27 133.29 68.41 4 4 4 4 4 4 4 4 4 4 4 87.89 147.06 109.70 130.21 77.99 75.61 94.75 178.36 121.60 59.56 93.51 4 4 4 4 4 4 4 4 -0.32 -3.11 4.48 -0.21 9.88 2.36 5.03 -3.45 BASE RATES = 100 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1973 == 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND) 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 CHART 2 . JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA JULY JULY JULY JULY JULY JULY JULY JULY LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. CHART 4 . DOLLARS PER C JULY I N E O'JNCE EURO-DOLLAR DEPOSIT RATES: 10.42 10.99 14.63 10.90 5.50 5.65 5.56 8.75 7.10 0.41 JULY JULY JULY JULY JULY JULY JULY 4 4 4 4 4 4 4 9.84 6.57 5.97 11.11 13.78 1.10 8.02 JULY JULY JULY JULY JULY JULY 4 4 4 4 4 4 10.99 10.28 10.40 10.73 10.55 10.24 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . JULY 4 4 JULY 6 JULY JUNE 29 6 JULY 6 JULY JULY 6 JULY 6 JUNE 15 6 JULY 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS C DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE CG-10 COUNTRIES PLUS SWITZERLAND) CHART 6 . 279.7? 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 . 4 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS JULY JULY JULY 4 4 4 10.99 10.42 0.57 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL JULY JULY JULY 4 4 4 10.73 9.84 0.89 « LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS JULY JULY JULY 4 4 4 10.73 10.55 0.17 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JULY JULY JULY 4 4 4 9.66 10.78 -1.12 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL JULY JULY JULY 4 4 4 10.73 11.12 -0.40 JULY JULY JULY 4 4 4 10.73 11.01 -0.29 JULY JUNE JUNE JUNE JUNE JUNE JUNE JULY 6 29 8.79 7.85 8.07 3.45 9.73 10.64 8.81 10.22 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), DIFFERENTIAL COVERED COVERED EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL CHA9T c . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U. S . CORPORATE AAA BONDS EURO-DM BONOS EURO-DOLLAR BONDS CHART 1 0 . 9.29 6.63 8.72 JUNE DEC. MAY INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY 29 29 22 15 6 JULY JUNE DEC. JUNE JULY JUNE JUNE 6 22 29 15 6 8 29 106.03 295.80 113.81 130.20 112.20 76.44 96.45 F E D E R A L RESERVE statical re.aase H.10(512) JULY FOREIGN EXCHANGE RATES JULY FOR THE WEEK ENDING 6, 17, 1979 JULY 6 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 MONETARY UNIT JULY 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 112.0000 7.39371 3.38639 85.5505 18.8697 25.7765 23.4000 54.3036 12.4900 205.5000 0.12063 0.45809 46.J2Q9 4.3773 49.3632 131.1500 19.7083 2.0437 117.9500 1.5131 6.4000 23.4521 60.3865 218.8500 2 JULY 3 (RA1FE U . S . CENTS] JULY 4 111.9600 7. 37055 3.38410 85.7927 18.8306 25.7500 23.3863 54.3331 12.7000 204.6500 0.12070 0.45788 45.9770 4.3773 49.2975 101.1000 19.7005 2.0408 117.3500 1. 5 1 1 3 6.4300 23.4632 60.3318 220.1500 H 0 L I D A Y JULY 5 112.3800 7.45712 3.40716 85.8812 18.9645 25.9943 23.4329 54.5852 12.5500 205.7000 0.12154 0.46083 46.3177 4.3764 49.6106 101.5500 19.7824 2.0492 11*.0000 1.5133 6.4000 23.5627 60.5144 222.9000 112.3300 7.41015 3.39789 86.2367 18.9520 25.9202 23.4082 54.4514 12.5700 205.8000 0.12136 0.45977 46.2001 4.3735 49.4071 101.4500 19.7453 2.0471 118 . 0 0 0 0 1.5117 6.4100 23.5627 60.114? 221.9000
@FedFRASER