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,5-y wo Selected Interest & Exchange Rates Weekly Series of Charts - June 19, 1978 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 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 BATES DOLLAR PRICES OF FOREIGN CURRENCES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO MAY 1970 PARI! (=100 iCALE 70 PARITY=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 80 140 FRENCH FRANC GERMAN MARK 120 100 240 200 SWISS FRANC JAPANESE YEN 180 160 140 I I II II I I 120 160 DUTCH GUILDER BELGIAN FRANC 140 120 I I II II I I I 100 110 — \ U.K. POUND I A 90 ITALIAN LIRA - 70 I 1976 1978 I I I I 1976 50 I 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 CANADIAN DOLLAR — 1 1 1 1 1 1 PER CENT PER ANNUM - DUTCH GUILDER - U. K. POUND hfy - 1 / * \ + 0 f - 12 12 18 1 1 1 I I I ' 1 1 1 Illllllllll 1 1 1 iiiiiiiiiii SWISS FRANC y v w V GERMAN MARK I I I I I I IJ I J I M I I I i i j h 1111 h J FRENCH FRANC JAPANESE YEN I IIIlluliJ 1976 1978 1976 197% 0 CHART 3 •' PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 180 180 # # - 160 160 12.5 Kg BARS AFTERNOON FIXING PRICE 140 140 120 120 100 100 1976 # e 1978 CHART 4 CALL MONEY RATES WEEKLY SERIES PER ENT PER ANNUM PER CENT PER 12 U.S. FEDERAL FUNDS 8 4 OVERNIGHT EURO-DOLLARS 0 16 FRANCE 12 8 U.K. 2-DAY LOCAL AUTHORITY 4 0 I I III III I I I 12 CANADA NETHERLANDS 8 4 0 12 8 EURO-SWISS FRANC GERMANY 4 0 EURO-DM 4 I 1976 1978 1976 l llllillll11 197# CHART 5 MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM 12 CANADIAN FINANCE CO. PAPER U.K. INTERBANK STERLING lllllllllil SWISS INTERBANK RATE - 1. IA AAA V " I I1 IIII 1978 1 i 1 1 1 1976 1 lllllilijll 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM. OVERNIGHT 6-MONTH 7-DAY 1-YEAR — - 1-MONTH - I 1976 1978 I I I I 1976 I 1978 10 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES A V E R A G E S FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 10 MONTH EURO-DOLLAR DEPOSITS L FUNDS D LINE OVERNIGHT EURO-DOLLAR DEPOSITS 90-DAY CD'S DASHED LME DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS rvvV JLL 1976 FAVORS BORROWING IN U. S. IF POSITIVE 11 1 1 1 1 1 1 1 I I 1978 A v A V A ) / v V v > V X A \ | y ^ v w 0 I I I J J 1976 I ' I I I I I I I I I I I I I I I I I I I I I I I 1978 mm r s INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER # 10 EURO-DOLLAR DEPOSITS INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL Hiii iiini H i m in 10 10 - CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS U.S. COMMERCIAL PAPER SWISS INTERBANK ( S f ) COVERED DASHED LINE DASHFD LINE DIFFERENTIAL DIFFERENTIAL Mill 1976 1976 I I 1976 I 4 • i l l l l d L i II I I I I I I 1111 1976 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM 9 # 7 -/W J — K / - 5 - - — - — # - I ! I . UNITED STATES I I I |, | | | h i l l I i i l l i h i l l i k - CANADA J - — - — - i i 10 i I I I 11 III l u l l i JAPAN INDUSTRIAL \ SWITZERLAND — GERMANY i i i I I 2 I 18 UNITED KINGDOM FRANCE NETHERLANDS I U. S . CORPORATE I MONTHLY U. S. CORPORATE MONTHLY EURO-DOLLAR BONDS Aaa BONDS EURO-DM BONDS 1976 1978 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES SCALE 00 RATK) 1*6 UNITED STATES UNITED KINGDOM 280 240 200 160 11 I I 140 120 CANADA 100 SWITZERLAND 80 60 140 120 FRANCE GENERAL INDEX 80 I I IJ I l-l I I I I 1976 1 - 1 GERMANY 100 60 - 1978 i i m l n l n 1976 1978 LAST V A L U t PLOTTED DATE VALUE SERIES NAME 1. SPOT EXCHANGE RATES 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 CENTS) JUNE JUNE JUNE JUNE JUNc JUNE JUNE JUNE JUNE 14 14 14 14 14 14 14 14 14 4 7 ,, 9 b U,. 4 5 6 0 0 4 4 .. 7 3 I b 3 <. 1 2 6 9 . .<:4 2 1 .. 7 6 5 c . .62 3 .. 0 6 3 3 2 0 .. 1 1 6 2 2 JUNE JUNE JUNE JUNE JUNt JUNE JUNE JUNE JUNE 14 14 14 14 14 14 14 14 14 1 7 5 .. 6 2 1 6 4 . .66 1 6 1 .. 9 3 76.30 9 6 .. 4 7 1 2 0 .. 9 5 2 3 1 .. 0 0 1 5 3 .. 1 7 7 2 .. 6 4 14 14 14 14 14 14 14 14 14 14 63 . 4 6 162 . 0 6 147 . 9 7 143 . 4 9 62 . 5 4 62 . 4 2 105 . 64 203 . 7 7 135 . 1 9 60 . 2 4 14 14 14 14 14 14 14 -0.28 -3.95 4.90 -2 .24 6.69 3.56 5.18 I N D I C E S , MAY 1 9 7 0 P A R I T I E S = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC Swl SS FRANC BELGIAN FRANC I T A L I A N FRANC CHART 2 . , MAY 1 9 7 0 = 1 0 0 JUNc JUNE JUNt JUNt JUNt JUNE JUNt JwNt JUNE JUNc 3-MONTH FORWARD tXCHANGt RATES, PREMIUM Ok b l S U O U M CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN JUNt JUNt JUNc JUNt JUNt JuNc JUNc. SERIES NAME CHART 3 . GOLD PRICE IN LONDON U . S . DOLLARS HER PINE OUNCE CHART 4 . LAST VALUE PLOTTED DATE VALUE JUNE 14 162 . 1U JUNE 14 JUNE 14 9 JUNE 9 JUNE 9 JUNE 9 JUNE 9 JUNE 9 JUNE c JUNE 9 JUNE 7.49 7.57 9.50 7.95 3.50 3.25 3.68 7.63 4.51 0.97 JUNE JUNE JUNE JUNE JUNE JUNE JUNt 14 14 14 14 14 14 14 7.59 3.56 4.75 6.09 6.19 10.16 1.25 JUNE JUNE JUNE JUNE JUNE JUNt 14 14 14 14 14 14 ? . 57 7.61 7.76 6.09 b . 56 6.76 14 14 14 14 14 14 7.57 7.49 U.40 6.09 7.59 0.3o CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO—DOLLAR DEPOSITS U . K . 2-UAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURU-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC LhART 5 . 3-MONTH INTEREST RATES U . S . 90-DAY CD'S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT LANAUlAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART t>. EURO-DOLLAR DEPOSIT RATES: LONDON 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 D I F F E R E N T I A L A D J . FOR RESERVfc REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y GO'S D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS JUNE JUNE JUNE JUNt JUNE JUNE SERIES NAME RT b . INTEREST A R B I T R A G E , LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING 1 LONDON), COVERED DIFFERENTIAL JUNE 14 JUNE 1 4 JUNE 1 4 8 ,. 0 9 6.22 1 .. 8 7 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JUNE 14 JUNE 1 4 JUNE 1 4 7 ,. 5 4 7 ,. 9 1 - 0 ..37 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL JUNE 14 JUNE 14 JUNE 1 4 8 .. 0 9 8.48 - 0 .,39 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE 1 4 JUNE 1 4 JUNE 1 4 6.09 fa. 14 -0.05 9 JUNE JUNE 2 APRIL MAY 2 6 9 JUNE MAY 2 6 JUNE 2 9 JUNE 8 .38 5 .49 5 .98 3 .4ti 9 .21 10 . 5 4 o.91 11 . 6 1 CHART 9 . LONG TERM GOVERMENT BUND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . APRIL APRIL APRIL 8.56 o.52 7.83 I N D U S T R I A L STOCK I N D I C E S UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY 9 JUNE MAY 19 MAY Z 6 MAY l c 9 JUNE JUNE 2 JUNE 2 1 0 3 .. 3 9 2 6 9 .. 1 0 9 5 .. 0 5 1 0 2 .. 1 5 1 1 1 . .22 7 t ..41 9 9 .. 4 4 ,#& - # FEDERAL H. 10 RESERVE statistical release UUNE 1 6 FOREIGN EXCHANGE RATES FuR THE WcEK ENDING JUNE 1 6 , ' 1978 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has c e r t i f i e d for customs purposes the f o l l o w i n g noon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY MONETARY UNIT JUNE 12 JUNE 1 3 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDG RAND PESETA RUPEE KRUNA FRANC POUND 113.4000 6.66500 3.06500 69.2000 17.7700 23.3300 21.7850 46.0900 11.8500 183.6000 0.11620 0.45870 41.8300 4.3850 44.7800 101.6000 18.5300 2.1650 115.1000 1.2547 6.3500 21.6350 52.9300 183.6000 113.6000 6.66750 3.06500 69.1400 17.7200 23.3550 21.7900 47.9*50 11.8500 Id3.3600 0.11620 0.46100 41.8700 4.3650 44.7200 101.7000 18.5100 2.1925 115.1000 1.2563 6.3500 21.6300 52.7300 163.3*00 (RATE U . S . CENTS) JUNE 1 4 113.7500 6.67500 3.06000 89.1850 17.7500 23.3400 21.8100 47.9600 11.8500 183.3000 0.11637 0.4643U 41.62:00 4.3850 44.7400 101.6000 18.5050 2.1875 115.1000 1.2563 6.3500 21.6200 , 52.9500 183.3000 JUNE 15 JUNE 1 6 113.6500 6.64750 3.04000 89.3000 17.5900 23.3200 21.7100 47.7200 11.8500 163.0000 0.11615 0.46260 41.8300 4.3850 44.5450 101.5000 16.4700 2.1800 115.1000 1.2563 6.3500 21.6200 52.5100 183.0000 113.4200 6.63000 3.04100 8 9 . 3 500 17.6300 23.3125 21.7350 47.8000 11.6500 183.1000 0.11590 0.46320 41.7900 4.3850 44.5200 101.5500 18.4600 2.1775 114.7900 1.2572 6.3000 21.6450 52.8250 163.1000
@FedFRASER