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S'WO (516/517) DATA F I L E LIBRARY F E D E R A L RESERVE B A N K OF C H I C A G O Selected Interest & Exchange Rates Weekly Series of Charts June 11,1979 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 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 8. 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 SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 120 100 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 100 80 CANADIAN DOLLAR 60 180 — 160 - 140 - GERMAN MARK ^ 120 FRENCH FRANC - ^ - ~ 120 100 -x- - I 100 I I I I I i 160 140 : i 80 i —— — 240 — SWISS FRANC JAPANESE YEN 120 — 100 - V, — - 80 200 N L W J - 160 - 140 - I I I I I I I l l l l l l l l l l l i l l l l l l l l l l l 120 — 160 160 BELGIAN FRANC 140 - 120 - DUTCH GUILDER A / - - - - - l 120 100 — I I I M i n i , , 1 , 7 I I l l l l l l l l l l l I 140 100 l l l l l l l l l l l 100 100 ITALIAN LIRA » 80 U.K. POUND > A / 80 ^ - 60 — - I I I I I 1977 I 1979 1977 1979 60 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER M PER CENT PER ANNUM 6 ITALIAN LIRA CANADIAN DOLLAR + 0 - 6 I' I I I I I I 6 DUTCH GUILDER U. K. POUND + 0 6 12 18 12 GERMAN MARK - SWISS FRANC — / 6 + L- 0 I I I II I I II I I 6 JAPANESE YEN FRENCH FRANC M + 0 VA - - 6 12 - I I I I I I I I I I I 1977 1979 1977 11! 111111 i 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 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 14 10 JAPAN - - - OVERNIGHT EURO-DOLLARS 6 - U.S. FEDERAL FUNDS I I 0 i i l u l i i l i i I 16 \ I 12 LOCAL U.K. 2 - D A Y AUTHORITY V - 12 - 12 NETHERLANDS —w 12 CANADA yr l FRANCE i m, I , 11111111111 1 GERMANY EURO-SWISS FRANC i F t | EURO-DM 1 i i 1977 1979 1977 1979 - 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 10 - h e GERMAN INTERBANK RATE - JAPANESE BANK LOANS AND DISCOUNTS 6 J - — - - - - s 2 I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 13 SWISS INTERBANK RATE — . CANADIAN FINANCE CO. PAPER X v W - 1 1 1 1 1977 1979 1 1 I I 1977 ' I 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER AL 12 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 8 4 12 8 4 12 8 4 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 12 10 OVERNIGHT EURO-DOLLAR DEPOSITS V/ 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS J/ DASHED LINE 90-DAY C D ' S ^ DASHED LINE I I I I I I I I I I I I I I I I I I I I I I I I 1 I I I I I 1I I I I I 4 2 DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS , - I I 1 I I 1I I 1I I 1I I I I I 1 I I 1 I I 1977 FAVORS BORROWING IN U. S . IF POSITIVE 1979 I I I I I 1977 I 1 1 1 1 1 1 1 1 1 1 1 - M I M 1 1 1 1 1 1 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM PER CENT PER AH 16 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 8 ,v ( x —vVx 4 INTERBANK STERLING + 0 v— COVERED LONDON / U.S. COMMERCIAL PAPER 4 4 DIFFERENTIAL v\wO\ + Vy DIFFERENTIAL 0 I I , , l , 7 I 16 14 SWISS INTERBANK 12 SF COVERED INTERBANK DM 10 COVERED FRANKFURT 8 t 6 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE 4 2 A/ DIFFERENTIAL Vz A A ^fv/ + 0 DIFFERENTIAL W\ 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 10 11 UNITED STATES A 8 /r\ CANADA I — 6 — I I I I I I h I " — - I I I I I I ~ M I X I K I I I 9 7 10 - — SWITZERLAND _> - ' I I I J GERMANY I I - - " I I I I ii I ii h i l l i 16 UNITED KINGDOM FRANCE - 14 12 10 NETHERLANDS 8 U. S. CORPORATE MONTHLY 11 MONTHLY Aaa BONDS JAPAN EURO-DOLLAR BONDS - II 1977 I I II 1979 1977 1979 7 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO 1969= RATIO 140 120 UNITED STATES UNITED KINGDOM 100 80 360 320 JAPAN 280 240 200 140 120 SWITZERLAND CANADA 100 80 150 130 FRANCE GENERAL INDEX 110 GERMANY - - i 90 I | 70 1977 1979 1977 1979 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . »OUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA INDICES, MARCH 1973 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( 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 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 6 6 6 6 52.24 0.45336 47.69 207.49 85.44 22.60 57.67 3.24950 0.11704 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 6 6 6 6 146.95 118.70 136.91 83.92 85.16 101.82 185.54 128.05 66.49 6 6 6 6 6 6 6 6 6 6 6 90.71 144.57 111.19 128.91 75.72 77.43 93.66 174.74 119.66 59.33 93.31 6 6 6 6 6 6 6 6 —0.68 -1.22 4.71 -0.54 9.38 1.65 5.45 -2.26 BASE RATES = 100 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 CHART 2 . CENTS) MAR 1 9 7 3 = 100 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE PREMIUM OR DISCOUNT JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE LAST VALUE PLOT VALUE DATE SERIES NAME CHART 3 . GOLD PRICE U.S. CHART 4 . I N LONDON, AFTERNOON F I X I N G DOLLARS PER FINE OUNCE EURO-DOLLAR DEPOSIT RATES: JUNE JUNE JUNE JUNE 6 6 10.23 10.47 11.50 10.60 JUNE JUNE JUNE MAY 18 JUNE 1 5.50 5.15 5.25 7.88 6.70 4.47 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 6 6 10.09 6.42 5.25 11.33 11.79 2.00 7.73 JUNE JUNE JUNE JUNE JUNE JUNE 6 6 6 6 6 6 10 . 4 7 10 . 2 9 10 . 3 6 10 . 5 3 10 . 6 5 10 . 4 3 JUNE LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 275.45 3-MONTH INTEREST DATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS G DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 6 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURC-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . JUNE 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 JUNE JUNE JUNE 6 6 6 10.47 10.23 0.24 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL JUNE JUNE JUNE 6 6 6 10.5% 10.ol 0.4? LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS JUNE JUNE JUNE 6 6 6 10.53 10.56 -0.04 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JUNE JUNE JUNE 6 6 6 9.92 10.65 -0.73 EURODOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JUNE JUNE JUNE 6 6 6 10.53 11.14 —0 .61 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE JUNE JUNE 6 6 6 10.5? 11.38 -0.85 JUNE MAY MAY MAY JUNE MAY MAY MAY 1 25 9.04 7.72 7.76 3.18 9.68 9.96 8.59 10.93 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), DIFFERENTIAL '. LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 25 1 25 18 25 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . COVERED INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY 9.50 6.63 8 .67 MAY DEC. APRIL STOCK INDICES JUNE APRIL DEC. FEB. JUNE APRIL MAY 1 27 29 9 1 27 25 103 . 1 6 298 . 8 7 113 . 8 1 124 .62 122 . 3 2 80 . 6 5 98 . 6 9 # # # # # FEDERAL RESERVE # statistical release E H.10(512) JUNE 1 2 , FOREIGN EXCHANGE RATES JUNE FOR THE WEEK ENDING 8t 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 A F R I C A SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT JUNE DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PFSO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 110.7000 7.09220 3.24886 85.0774 18.1159 24.9563 22.6295 52.3095 12.2600 196.4500 0.11706 0.45506 44.9438 4.3783 47.7669 104.5000 19.3125 2.0040 118.4500 1.5142 6.4250 22.8493 57.8503 207.6800 / 4 JUNE 5 CRA1FE U . S . CENTS! JUNE 6 110.6600 7.10858 3.24992 85.1137 18.1159 24.9594 22.5734 52.1512 12.2600 197.4500 0.11716 0.45218 45.0045 4.3783 47.6417 104.4400 19.2827 2.0036 118.5000 1.5122 6.4250 22.7998 57.6103 208.0000 110.5300 7.08090 3.24675 85.1572 18.0864 24.9719 22.5784 52.1812 12.2600 196.6500 0.11703 0.45382 44.9438 4.3764 47.6531 104.3800 19.2715 2.0020 118.3800 1.5113 6.4250 22.8076 57.5937 207.3800 JUNE 7 110.5500 7.10227 3.25521 84.8897 18.1422 25.0438 22.5989 52.3478 12.2600 196.6000 0.11723 0.45548 44.9944 4.3764 47.8126 104.2300 19.3050 2.0040 118.3500 1.5110 6.4250 22.8206 57.8302 206.4500 JUNE 8 110.5400 7.09975 3.25415 85.0702 18.1159 25.0156 22.5784 52.3149 12.2400 197.1000 0.11720 0.45746 45.0450 4.3783 47.7372 104.2000 19.2382 2.0040 118.3000 1.5117 6.4000 22.7946 57.7968 206.2000
@FedFRASER