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Selected Interest & Exchange Rates NAfeekly Series of Charts JUNE 9,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 1r Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT 3. GOLD PRICE LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES a 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 EXCHANGE RATESH.10 RELEASE Chart 1 SPOT EXCHANGE RATES INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY FOREIGN CURRENCY PRTCEOFU.S. DOLLAR Weighted average 1QC - - CANADIAN DOLLAR 8C 80 120 100 ! I I I I I ! I I I I ! I I I I I II l l l l l l l l l l JAPANESE YEN 140 V FRENCH FRANC / ~ 120 14C 120 r V - |V 100 100 I I I I I I I I I MIMIMIM 200 — 180 200 180 GERMAN MARK 180 SWISS FRANC - J - 160 140 140 120 120 100 I I I I I I I Illllllllll Illllllllll - 180 100 - 180 DUTCH GUILDER ~ BELGIAN FRANC 140 140 120 — \ r / 120 - 100 I I I I I I I I I I I I I I Illllllllll, 120 U.K. POUND too 80 ITALIAN LIRA 00 20 00 I I l I I l 80 1 A \ Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM . CANADIAN DOLLAR 8 6 SWISS FRANC U.K. POUND S 8 18 18 GERMAN MARK DUTCH GUILDER 8 8 8 8 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others a 1973 1875 1873 1875 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 12.5 Kg BARS Afternoon fixing price 150 90 60 30 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES PER PER ANNUM OVERNIGHT 15 EURO-DULLARS 15 JAPAN 10 10 5 5 U.S. FEDERAL FUNDS 0 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 15 FRANCE 10 10 5 5 0 0 15 15 NETHERLANDS 10 10 CANADA 5 5 0 0 20 80 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 0 5 EURO-DM 8 5 1973 lllllhllllllllllllllll 1975 1873 1875 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES CANADIAN FINANCE CO. PAPER 12 UNITED STATES CD's 8 4 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 18 12 8 4 16 EURO-DOLLAR ia SWISS DEPOSIT RATE 1_ 8 JAPAN Monthly 4 1S73 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER / :ENT PER ANNUM 16 OVERNIGHT 16 3-MONTH 12 - 12 8 8 1 4 4 1 1 1 I I I - 16 16 7-DAY 6-MONTH - 12 12 8 VM 8 4 4 " i l l 1 1 1 1# 16 1-MONTH 1-YEAR 12 12 8 e 4 4 . ! Chart 7 -' SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD'S 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 Chart 8 V INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER ANNUM PER CENT PER 26 20 15 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS IS INTERBANK STERLING Covered London . 10 10 5 0 s EURO-DOLLAR DEPOSITS | i DIFFERENTIAL /DIFFERENTIAL " I 5 6 10 to 1 15 - C A N A D I A N FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 1S . 10 5 ie UNCOMMERCIAL PAPER s SWISS DEPOSITS (SF) COVERED ' 8 0 DIFFERENTIAL DIFFERENTIAL 5 1973 1 1975 s 1973 1975 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER * •NT PER ANNUM 9 UNITED STATES CANADA if A - 7 r\ 5 I I I I I I n i l , I n " 12 SWITZERLAND GERMANY 10 8 / JAPAN Industrial 6 14 UNITED KINGDOM 12 FRANCE 10 6 NETHERLANDS 6 4 12 U.S. CORPORATE Monthly 10 - U.S. CORPORATE Monthly Euro-Dm bonds — I\LJV Euro-dollar bonds — ^ / e - y . - - e ~ ? n I m i Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 45 320 140 UNITED KINGDOM JAPAN 240 100 35 180 CANADA SWITZERLAND 100 80 #0 45 180 FRANCE. . General index GERMANY 100 45 1973 1975 1973 1975 \> SERIES NAME LAST VALUE PLOTTED DATE VALUE 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 BELGIAN FRANC I T A L I A N LIRA JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 4 4 4 4 79 . 0 9 123 . 5 7 156 . 3 9 150 . 8 7 96 . 5 9 105.36 138 . 2 6 175 . 2 6 143 . 0 5 100 . 1 9 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 4 -1.16 -4.83 1.47 -2.33 2.24 2.30 -0.71 JUNE 4 165.60 JUNE JUNE MAY MAY MAY MAY MAY MAY MAY MAY 4 4 30 23 30 30 23 30 23 30 5.24 5.49 9.25 6.88 5.40 5.10 10.75 7.50 0.88 5.42 JUNE 4 JUNE 4 MAR. 28 JUNE 4 JUNE 4 JUNE 4 JUNE 4 5.25 4.76 9.40 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR ' U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 4 . 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 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 6.01 7.27 9.83 6.50 \v\ SERIES NAME CHART 6 , LAST VALUE PLOTTEt DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 4 4 4 4 4 4 5.49 5.43 5,63 6,01 6.96 7,94 JUNE JUNE JUNE JUNE JUNE JUNE 4 4 4 4 4 4 5.49 5.24 0.48 6.01 5.25 0.67 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE JUNE JUNE 4 4 4 6.01 5.00 1.01 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JUNE JUNE JUNE 4 4 4 5.43 6.12 -0.69 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JUNE JUNE JUNE 4 4 4 6.01 6.23 -0.21 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JUNE JUNE JUNE 4 4 4 6.01 8.74 -2.73 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR JUNE JUNE JUNE JUNE JUNE JUNE 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY> SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM MAY MAY MAY MAY MAY MAY MAY MAY 23 23 2 9 23 23 23 23 8 .00 8 •22 9 •76 6 .88 8 .73 10 . 1 2 7 .59 14.79 MAY MAY MAY 2 2 2 8.95 8.50 8.87 MAY MAY MAY MAY MAY MAY MAY 30 16 16 23 23 30 23 94.86 219.16 103.98 100.66 84.56 66.06 86.37 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY ..•qfcowA--. FEDERAL RESERVE statistical release H.10 JUNE 6, 19TS FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 6, 1975 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 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 JUNE 2 134.1000 6.01000 2.85650 97.5600 18.3500 28.2600 24.8300 42.7300 12.3500 232.0000 0.16030 0.34310 44.1700 8.0000 41.6800 131.6500 20.2700 4.1000 147.1000 1.7910 15.4000 2 5.4600 40.0300 232.0000 JUNE 3 (RAT E U . S . CENTS) JUNE 4 134.2000 6.05000 2.86520 97.3200 18.4000 28.2600 24.9500 42.7900 12.3500 232.0300 0.16050 0.34360 44.1900 8.0000 41.7900 131.650KI 20.3500 4.1000 147.1000 1.1920 15.4000 25.5800 40.2000 232.0300 134.2000 6.04000 2.86350 97.2700 18.4100 28.3500 24.9900 42.7000 12.3500 231.8000 0.16040 0.34330 44.1900 8.0000 41.6400 131.8500 20.4000 4.1000 147.1000 1.7945 15.4000 25.5400 40.0600 231.8000 JUNE 5 134.1500 6.02000 2.86350 97.4700 18.4200 28.3100 24.9600 42.7200 12.3500 232.2500 0.16040 0.34220 44.1200 8.0000 41.6600 131.7000 , 20.3700 4.1100 147.1000 1.7925 15.4000 25.5200 40.0900 232.2500 JUNE 6 134.1500 6.020QO 2.85900 97.5100 18 . 4 1 0 0 28.3500 24.8800 42.6400 12.3500 231,9706 0.16040 © | 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 MONETARY UNIT 44.1300" 8.0000 41.6300 131.850# 20*34# 4.120# 147•1000 1.7935 15.40# 25.5400 39 .&&&& 231.9700
@FedFRASER