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!i Selected Interest & Exchange Rates Weekly Series of Charts h f ' " I \ 1 W a tai'sa ^ ^ 4 s j i j f W " A i •'•'a JUNE 20, 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 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 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 DOl LAP PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S C A L E MAY 1 9 7 0 PAR!TY%100 RATIO SCAL 1 9 7 0 PARITY: "C MAY CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 100 80 80 I Il 140 /*\ JAPANESE YEN 120 — . jj \ 120 - / " V - v - J V — . v i 100 140 FRENCH FRANC — V — ~ - ——. — 100 - | | | 11111111 h i 1111111 i 111 SWISS FRANC GERMAN MARK 160 160 DUTCH GUILDER — 140 v I T -x— ^ — r / — r - - BELGIAN FRANC 140 A-'' l 120 \j v 120 ,/ -r" 100 100 I I i i i n l i i h i I I i 11111!111 — n i l i h i l l i 100 - 100 - 80 — 60 ITALIAN LIRA U.K. POUND I I I I I I II I I I 1975 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM " m CANADIAN DOLLAR - I I I PEA CENT PER ANNUM DUTCH GUILDER U. K. POUND A ^ — - 6 — 12 I 18 I I I I I 12 SWISS FRANC GERMAN MARK JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER FRENCH FRANC 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D O L L A R S PER FINE U.S. D O L L A R S OUNCE PER FINE OUNCE 200 200 — 180 180 12.5 Kg BARS AFTERNOON FIXING PRICE 160 140 - 120 160 - 140 - 120 - 100 - 80 I I I I I 1975 100 1977 CENT PER ANNUM U.S. FEDERAL FUNDS - OVERNIGHT EURO-DOLLARS U.K. 2 - D A Y LOCAL AUTHORITY CANADA EURO-DM GERMANY 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 CANADIAN FINANCE CO. PAPER - J \ - UNITED STATES C D ' s - ~ I I I I I I U.K. INTERBANK STERLING GERMAN INTERBANK RATE EURO-DOLLAR SWISS INTERBANK RATE JAPAN MONTHLY 1975 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONOON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM n OVERNIGHT 12 3-MONTH k - ~l - I I I I I iiiiiiiiin I I | I I | I I | ! I 12 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 PER CENT PER ANNUM OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS 8 FEDERAL FUNDS DASHED LINE 90-DAY CD*S DASHED rJ LINE 4 DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS + 0 1975 1977 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S W , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM Iy PER CENT P€B EURO-DOLLAR DEPOSITS \l\ / 1 y INTERBANK STERLING INTERBANK DM COVERED COVERED FRANKFURT LONDON EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I I I II I I I I I I I I I I I II I I I CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS U.S. COMMERCIAL PAPER DASHED SWISS INTERBANK (SF) COVERED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL I I I I II I I 1975 1977 1975 1977 ANNUM CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER 9 CANADA UNITED STATES 10 7 8 5 6 12 9 10 / / A \ \ V \\ JAPAN \/\ \ 8 6 , -/! INDUSTRIAL SWITZERLAND ___ ~ |l I I 7 \ v \X GERMANY V 5 I - I i i i 3 13 19 11 17 FRANCE UNITED KINGDOM 9 15 7 13 NETHERLANDS 5 11 12 12 U.S. CORPORATE U.S. CORPORATE MONTHLY MONTHLY / \ 10 10 EURO-DOLLAR BONDS Aaa BONDS 8 8 EURO-DM BONDS 6 6 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969= 00 • 180 140 UNITED STATES 100 RATIO S C A L E 1969=100 80 140 60 UNITED KINGDOM 360 100 280 JAPAN 200 — 60 - 80 160 120 180 140 SWITZERLAND CANADA 100 60 80 - - 60 4 0 180 180 140 — 140 FRANCE GENERAL INDEX GERMANY 100 100 80 - 60 80 60 1975 1977 1975 1977 S E R I E S NAME CHART 1. SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC I T A L I A N LIRA CHART 2 . GOLD PRICE U.S. # CHART 4 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 15 15 15 15 15 15 15 15 15 15 89 . 9 0 131.93 155.27 146.34 71 .62 102.40 112.33 175.53 138 . 6 4 70.59 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 15 15 15 15 15 15 15 - 1 .54 -4.41 1.87 - 4 .34 1.90 2.79 JUNE 1 5 139.00 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . LAST VALUE PLOTTED DATE VALUE -0.61 I N LONDON DOLLAR PER F I N E OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC JUNE JUNE JUNE MAY JUNE JUNE JUNE JUNE MAY JUNE 15 15 3 27 3 3 3 3 13 3 5.37 5.38 6.75 6.50 4.00 3.71 5.38 9.00 0.93 3.63 JUNE JUNE APRIL JUNE JUNE JUNE JUNE 15 15 5.35 4.20 8.04 5.68 7.22 7.83 3.75 # CHART 5 . 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS > GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK S T E R L I N G SWISS INTERBANK LOAN 15 15 15 15 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7 - 0 AY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 15 15 15 15 15 15 5 .3 8 5.35 5.47 5.68 5 .99 6.43 15 15 15 15 15 15 5 .38 5 .37 0 .23 5 .68 5 .3 5 0 .23 JUNE 15 JUNE 15 JUNE 15 5.68 3.42 2.26 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JUNE 15 JUNE 15 JUNE 15 5.44 5.69 -0.25 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL JUNE 15 JUNE 15 JUNE 1 5 5.68 6.07 —0 . 4 0 JUNE 15 JUNE 1 5 JUNE 1 5 5.68 5.65 0.02 CHART 7 . JUNE JUNE JUNE JUNE JUNE 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 3-MONTH EURO-DOLLAR D EPOS I T RATE U . S . CD'S ( 6 0 - 8 9 DAYS ) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , DIFFERENTIAL EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL JUNE JUNE JUNE JUNE JUNE JUNE COVERED COVERED # S E R I E S NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. CHART 1 0 . JUNE JUNE APRIL MAY MAY MAY MAY JUNE 10 3 27 27 20 13 3 7.3 5 6.19 7.84 4.44 8.77 10 . 9 7 7.08 12 . 0 9 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS # LAST VALUE PLOTTED DATE VALUE INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY APRIL APRIL APRIL 8.OA 6.79 7.58 STOCK INDEXES 3 JUNE MAY 2 7 MAY 6 3 JUNE 3 JUNE MAY 2 0 MAY 2 7 99.48 249.25 93.17 79 . 0 7 109.05 73.32 97 . 2 9 # # e # # # * # # • v'ofcow"-. F E D E R H , 10 A L R E S E R V h s t a t i s t i c a l r e l e a s e JUNE FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 17, 20, 19 77 1977 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: ;0UNTRY MONETARY UNIT AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK F IN L A N D FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R 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 PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND (RATE U . S . CENTS) JUNE 15 JUNE 13 JUNE 1 4 110.9500 5.950C0 2.77200 94.7000 16.5550 24.5200 20.2250 42.4100 11.3000 171.9300 0.11292 0.36790 40.3000 4.3700 40.4000 96.3000 18.9700 2.5800 114.7900 1.4443 13.7000 22.6300 40.1300 171.9300 110.8600 5.96000 2.77300 94.5500 16.5500 24.5200 20.2200 42.4300 11.3000 171.9200 0.11295 0.36720 40.3300 4.3600 40.4000 96.3500 18.9600 2.5800 114.7900 1.4440 13.7000 22.6300 40.1400 171.9200 110.7000 5 .96000 2 . 7 7 3 50 94 . 7 1 0 0 16 . 5 4 0 0 24 . 5 0 0 0 20.2375 42.4600 11.3000 171 .9 600 0.11295 0.36660 40 . 3 0 0 0 4.3700 40 . 3 7 5 0 96 . ? ^ 0 0 18 . 9 5 0 0 2.580 0 114 . 7 9 0 0 1 .4430 13 . 7 0 0 0 22 .6100 40 .1500 171 .9600 JUNE 16 110.9000 5.97000 2.77350 94.6600 16.5100 24.5100 2C.2300 42.4700 11.3000 171.9200 0.11295 0.36705 40.3000 4.3500 40.3300 96.3000 18.9000 2.5850 114.7900 1.4409 13.7000 22.5800 40.1875 171.9200 JUNE 17 1 10.7700 5.96000 2 . 7 7 2 00 9 4 . 5 300 16.5150 24.4900 20.2300 42 . 4 6 0 0 11.3000 171.9400 0.11300 0.36670 40.3000 4 .3600 40.1800 96.3000 18.9000 2.5800 115 . 0 0 0 0 1.4337 13 . 7 0 0 0 22 . 5 8 5 0 40.1750 171.9400
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