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® .eSL ,»• > 8 » « * % % Selected Interest & Exchange Rates Weekly Series of Charts # June 26.1978 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 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S MAY 1970 PARITYMOO ILE PARITY: 100 120 100 FOREIGN CURRENCY PRICE OF US. DOLLAR CANADIAN DOLLAR 80 Illllllllll 140 FRENCH FRANC GERMAN MARK 120 100 240 200 SWISS FRANC 180 JAPANESE YEN 160 140 Illllllllll 120 160 DUTCH GUILDER BELGIAN FRANC 140 120 I l l l l l l I III I IIIIllllll 100 110 90 UK. POUND ITALIAN LIRA 70 llllllI IIIIllllllllllll 1976 1978 1976 1978 50 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 + 0 U. K. POUND 12 llllllilll llll 1 11 I I 1 1 1 1 1 i i l i H i l l ii MIIIIIIIII SWISS FRANC - vV^ rvA 1 1 1 GERMAN MARK 1 1 1 V / I n l i i l i i l n IIIIIIIIIII i i i I I i 0 iilli1iilli ..Intnl.. — • FRENCH FRANC - l l l l I II 1976 II JAPANESE YEN 1 1978 1 ! I I I 1976 - f lltllllllll + 0 ! 1 11 1 1 1 111 1 1976 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE DOLLARS PER FINE OUNCE 200 12.5 Kg BARS - 180 - 160 - 140 - 120 AFTERNOON FIXING PRICE I 1 I 1 1 I » I 1976 100 197ft CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER Al PER i :NT PER ANNUM 12 U.S. FEDERAL FUNDS JAPAN 8 4 \ p - - OVERNIGHT EURO-DOLLARS 1 1 1 0 1 1 1 i i l i H i l l it 16 FRANCE 12 8 U.K. 2-DAY LOCAL AUTHORITY 4 I III!Illl!I 0 12 NETHERLANDS CANADA 8 1 jbr — li 4 0 I I I I I I niilnl llll Hi ill 1 12 8 EURO-SWISS FRANC GERMANY 4 + 0 EURO-DM ! Il i l l l l l l l l l l l l l l 1 4 1976 1978 1976 1976 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM 12 CANADIAN FINANCE CO. PAPER EURO-DOLLAR U.S. I I I CD'S 1 1 1 JAPANESE BANK LOANS AND DISCOUNTS UJC INTERBANK STERLING SWISS INTERBANK RATE y\ " GERMAN INTERBANK RATE + 0 I I I I I 1976 I 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 10 PER CENT PER AN! - OVERNIGHT 10 - 6-MONTH 7-DAY I I I III l l l l l l l l l l l 1-YEAR 10 10 1-MONTH vv J Svx V V \ - f\ ' h* A v < - I I I I I 1976 I I lllllllllll 1978 I I I I 1976 l 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 10 - 8 - PER CENT PER ANNUM L FUNDS HED LINE EURO-DOLLAR DEPOSITS OVERNIGHT EURO-DOLLAR DEPOSITS V 90-DAY CD'S DASHED LINE DEFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS J I I 111111111111 i i i I m I n l 11 1976 1978 FAVORS BORROWING IN U. S. IF POSITIVE 4 1 _ 1 1976 i IIi i I i » Ii i I ' i | i i h i Ii i I 2 1978 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 10 8 INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 EURO-DOLLAR DEPOSITS 4 DASHED LINE 2 DIFFERENTIAL + 0 DIFFERENTIAL iiliiliilnliiln 111llll1111 2 10 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 8 6 4 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 2 0 rVA^vv/Vvwyvv^ l l l l h i I I I l l l l 11 h i l l 11 [ 2 1976 1978 111 I I I I I I I I I I » I I I I I I 1976 1978 J CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANN NT PER ANNUM — - 10 CANADA hj — - 8 ' I I I I I I 6 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY 18 16 UNITED KINGDOM FRANCE 14 12 NETHERLANDS U. S . CORPORATE 10 8 MONTHLY U. S . \ Z X CORPORATE MONTHLY 9 EURO-DOLLAR BONDS Aaa BONDS 7 EURO-DM BONDS ill n ]_L 1976 1978 1976 1978 5 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO : 196 RATIO iCALE 1969= 30 140 120 UNITED STATES 100 UNITED KINGDOM 80 60 320 280 240 200 160 140 120 CANADA 100 \z v / 80 I LL 60 I I SWITZERLAND I I , V " I 140 120 FRANCE GENERAL INDEX GERMANY V 100 / 80 I i l l 111 I i l l 60 1976 1978 AA/ i i i i i 1976 — vv | i 1978 SERIES NAME LAST VALUE PLOTTED DATE VALUE LKT 1 . SPOT EXCHANGE RATES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) 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 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 21 21 21 21 21 21 21 21 21 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 21 21 21 21 21 21 21 21 21 47. 0. 44, 183. 89. 92 46850 66 70 20 21. 7 7 5 3 . 03 3, 05024 0 . .11632 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 I T A L I A N LIRA 175.40 168.66 161.67 76.54 96.43 120.91 231.89 152.51 72.70 WEIGHTED AVERAGE EXCHANGE VALUE INDICES T MAY 1 9 7 0 = 1 0 0 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 FRANC CHART 2 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 21 21 21 21 21 21 21 21 21 21 83.27 162.38 151.32 142.97 62.64 82.21 105.39 204.20 134.33 60.17 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YTN JUNE JUNE JUNE JUNE JUNE JUNE JUNE 21 21 21 21 21 21 21 0.06 -3.50 5.21 -2.17 7.05 3.67 4.97 SERIES NAME CHART 3 . LAST VALUE PLOTTED DATE VALUE GOLD PRICE I N LONDON U . S . DOLLARS PER FINE OUNCE CHART 4 . JUNE 2 1 184.84 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 CHART 5 . 7.54 7.55 10.38 7.98 3.50 3.31 4.13 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 21 21 21 21 21 21 21 7.77 3.62 4.75 8.47 8.14 JUNE JUNE JUNE JUNE JUNE JUNE 21 21 21 <1 IL 21 7.55 7.79 8.05 8.47 8.91 9.03 21 21 21 LL 21 KL 7.55 7.54 0.32 8.47 7.77 0.56 8.00 4.51 0.61 10.16 1.45 EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 21 21 16 16 16 16 16 16 2 16 3-MONTH INTEREST RATES U . S . 9 0 - D A Y CD'S GERMAN INTERBANK LOAN JAPANESE BANK LOANS L DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURU-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY CD'S DIFFERENTIAL A U J . FOR RESERVE REQUIREMENTS JUNE JUNE JUNE JUNE JUNE JUNE SERIES NAME i ART 6 . INTEREST ARBITRAGE, LAST VALUE PLOTTED DATE VALUE 3-MONTh FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL JUNE 2 1 JUNE 2 1 JUNE 2 1 6.47 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL JUNE 2 1 JUNE 2 1 JUNE 2 1 7.66 -0.54 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL JUNE 2 1 JUNE 2 1 JUNE 2 1 6.47 6.63 -0.35 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE 2 1 JUNE 2 1 JUNE 2 1 6.47 8.50 -0.03 JUNE 16 JUNE 9 APRIL JUNE 9 JUNE 16 JUNE 2 JUNE 2 JUNE 16 6.41 5.49 5.98 3.44 9.22 10.49 6.91 11.49 CHART 9 . 8.20 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 1.61 LONG T tRM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 6.66 APRIL APRIL APRIL 6.56 6.52 7.83 INDUSTRIAL STOCK I N D I C E S UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JUNE 16 JUNE 9 JUNE 9 JUNE 2 JUNE 16 JUNE 9 JUNe 9 102.03 272.14 95.70 112.70 112.10 73.27 99.72 FEDERAL H. l u RESERVE statistical relea JUNE 2 6 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 2 3 , 1978 1978 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: (RATE U . S . CENTS) JUNE 2 1 COUNTRY MONETARY UNIT JUNE 19 JUNE 2 0 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 ESCUOO RAND PESETA RUPEE KRONA FRANC POUND 113.8500 6.66000 3.04970 89.2950 17.7000 23.3600 21.7500 47.8100 11.8500 183.4400 0.11625 0.46840 41.7500 4.3875 44.5900 101.9000 18.5000 2.1850 114.7900 1.2612 6.3000 21.6700 52.8400 183.4400 114.0500 6.68500 3.05350 89.1100 17.7350 23.3950 21.7800 48.0400 11.8500 184.0000 0.11650 0.47360 41.8800 4.3850 44.7800 102.1500 18.5400 2.1875 114.7900 1.2629 6.3000 21.7350 53.3300 184.0000 114.1200 6.69000 3.06700 88.9400 .17.7800 23.4850 21.8700 48.2050 11.8500 184.9700 0.11680 0.47470 42.0200 4.3850 44.8600 102.3000 18.5600 2.1850 114.7900 1.2641 6.3000 21.8000 , 53.6400 184.9700 JUNE 2 2 JUNE 2 3 114.0000 6.67500 3.04900 89.0200 17.7200 23.4450 21.8200 47.8800 11.8500 183.8000 0.11630 0.47370 42.0350 4.3850 44.5800 102.3000 18.5150 2.1850 114.7900 1.2645 6.3000 21.7200 53.1300 183.8000 114.4500 6 . 6 7750 3.06500 89.0000 17.7300 23.4450 21.9400 48.1600 1 1 . 8 500 184.8500 0.11670 0.48200 42.1400 4.3800 44.9300 102.5000 18.4800 2.1850 114.7900 1.2661 6.3000 21.7600 53.6300 184.8500
@FedFRASER