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iS 4/ ^ 74 ?3TS Selected Interest & Exchange Rates XAfeekly Series of Charts MARCH 10,1976 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE f /BOARD OF GOVERNORS tEEBEBAI- RESERVE SYSTEM Washington, D C. 20551 V "X 'V Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATESH. 10 RELEASE 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 3 Chart 1 SPOT EXCHANGE RATES INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY SCALE MOO 70 F*tITY=100 100 " FOREIGN CURRENCY PRICE OF U.S. DOLLAR Weighted average - 120 CANADIAN DOLLAR 80 100 80 J_L - JAPANESE YEN - J^\ 140 A 180 / " . FRENCH FRANC , 140 120 - 100 100 I I I I I I I I I 180 180 GERMAN MARK 180 SWISS FRANC ¥ 160 140 140 120 - - 100 100 I 180 120 I I I I llllllllllll I f I I ..I..lull. I 160 DUTCH GUILDER 140 I BELGIAN FRANC M ^ // - : 140 120 120 i— 100 100 I I I i 120 80 MIMINIM i 120 ITALIAN LIRA U.K. POUND 100 i • v ^ - r \ 100 V I I I i i 1073 i 80 1975 I Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY iNT PER ANNUM ' 6 CANADIAN DOLLAR 0 6 i 1 1 , ' 1 1 1 PER CENT PER ANNUM 12 6 SWISS FRANC 0 6 12 12 GERMAN MARK DUTCH GUILDEn 6 & 8 8 FRENCH FRANC a 8 « JAPANESE YEN 2 per cent on scale equals 1 per cent on all others Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 810 12.5 Kg BARS Afternoon fixing price 180 150 120 90 30 1973 1975 I ssessesse Chart 4 CALL MONEY RATES ••••D WEEKLY SERIES -PER CENT PER ANNUM PER CENT PER ANNUM f * OVERNIGHT EURO-DOLLARS 15 JAPAN I 10 - U.S. FEDERAL FUNDS I I I i i r -;i' 5 0 — 20 4 - 15 ^ U.K. 2 - D A Y LOCAL AUTHORITY - FRANCE V - I I I I I — CANADA 5 0 K NETHERLANDS I - I I I I I I lllllllllil lllllllllil VWHw 1 1 EURO-SWISS FRANC GERMANY EURO-DM lllllllllil lllllllllil - 5 , — 15 - 10 0 \ - : I 15 10 10 iMiiiiiiii 5 0 1 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 16 12 8 4 12 16 EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 4 1973 1875 1973 1975 I Chart 6 16 % EURO-DOLLAR DEPOSIT RATES London f AVERAGES FOR WEEK ENDING WEDNESDAY ^ OVERNIGHT 3-MONTH 12 8 4 18 16 7-DAY 6-MONTH 18 1-MONTH 1-YEAR 1973 1975 1973 1975 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 I Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR D O L L A R ASSETS PER CENT PER Ah ENT PER ANNUM 20 15 INTERBANK DM, Covered Frankfurt E U R O - D O L L A R DEPOSITS 15 I NTE R_BAN K STE R U N G Covered London 10 10 5 f\< i r 0 5 E U R O - D O L L A R DEPOSITS v'VV< 0 DIFFERENTIAL DIFFERENT A L 5 5 10 10 15 E U R O - D O L L A R DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 10 5 15 .S. COMMERCIAL PAPER 5 SWISS DEPOSITS COVERED h,4 ,S\I iJ\* \ I —L v, j j kj* | ^ DIFFERENTIAL 0 i i wKyJl DIFFERENTIAL 5 SF Illllllllll 0 5 \\ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS . ' WEEKLY SERIES PER 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 1Q /JAPAN Industrial 8 6 1# 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 8 ulllllllll 4 - U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro Dm bonds 10 Aaa bonds e 6 Euro-dollar bonds llLli LllLllu lLi i I nl.u 1W7S Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 160 UNITED STATES 100 60 45 320 • 140 UNITED KINGDOM JAPAN 240 - • 100 - 60 160 I 60 I I I I I JIM 111111111 IF 35 180 180 CANADA ^ SWITZERLAND 100 100 f 60 I 45 I I I 60 I I 45 ' — 180 ; - 100 - 60 lllllllllll iiiiiiuiii 45 180 FRANCE General index GERMANY 100 eo 4S - I I I I ' l l 1973 1875 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 I i CHART 2 . 5 5 5 77.78 126.09 160.22 154.38 101.27 108.32 133.43 180.46 146.90 99.44 MAR. MAR. MAR. MAR. MAR. MAR. MAR. b b b b 5 5 b 0.40 -6.10 1.45 -2.73 2.71 -0.42 —0 . 6 6 MAR. 5 180.82 I 5 5 5 5 5 5 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE j 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 | MAR. MAR. FE6. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 5 5 28 28 28 28 21 21 21 28 5.88 5.89 12.13 6.75 7.50 5.81 13.00 9.75 7.23 3.80 MAR. MAR. JAN. MAR. MAR. MAR. MAR. 5 5 3 5 5 5 5 6.05 6.16 9.37 7.35 6.67 10.81 7.00 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 STERLING SWISS DEPOSIT \A SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 5 5 5 5 5 5 5.89 6.22 6.61 >.35 7.71 7.85 MAR. MAR. MAR. MAR. MAR. MAR. 5 5 5 5 5 5 5.89 5.88 0.52 7.35 6.05 1.55 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MAR. MAR. MAR. 1 5 5 7.35 4.71 2.64 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL MAR. MAR. MAR. 5 5 5 6.25 7.07 -0.83 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MAR. MAR. MAR. 5 5 5 7.35 7.61 -0.26 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL MAR. MAR. MAR. 5 5 5 7.35 9.71 -2.36 CHART 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 . MAR. MAR. MAR. MAR. MAR. MAR. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LONG TERM GOVERNMENT EOND YIELDS UNITED STATES GERMANY JAPAN CMONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 28 21 31 7 28 21 21 21 7 .44 8 .64 10,. 6 4 6.71 8.17 10,. 5 4 8.33 14,, 8 6 JAN. 31 JAN. 3 1 JAN. 3 1 8.83 8.67 6.74 FEE. FEE. JAN. FEB. FEB. FEB. FEB. FEB. CORPORATE AAA BONDS EURO—DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY FEB. FEB. FEB. FEB. FEB. FEB. FEB. 28 21 7 21 21 28 21 84.15 198.89 91.80 95.89 62.03 61.78 85.22 MARCH H.IO 7, 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 7, 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 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 MAR. DOLLAR SCHILLING FRANC COLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 136.4000 6.17000 2.94700 100.1400 18.5600 28.9400 24.0800 43.9100 12.9000 243.1800 0.15950 0.35040 44.8900 8.0000 42.7800 134.9000 20.5000 4.0300 148.7000 1.7985 15.4000 25.8600 41.6300 243.1800 3 MAR. 4 IRATE U . S . CENTS) MAR. 5 136.4000 6.15000 2.93400 100.2200 18.5000 28.9200 23.9700 43.5400 12.9000 242.8500 0.15890 0.35130 44.9000 8.0000 42.5000 134.9000 20.4700 4.2000 146.7000 1.8005 15.4000 25.7100 40.9400 242.8500 136.5500 6.10000 2.92900 100.2200 18.4400 28.7800 24.0000 43.6300 12.9000 243.1500 0.15850 0.35060 44.8700 8.0000 42.6200 134.8000 20.4600 4.1600 148.7000 1.7960 15.4000 25.6200 41.0400 243.1500 MAR. 6 136.5000 6.10000 2.92800 100*1800 18.46C0 28.8400 23.9300 43.4400 12.9000 242.8000 0*15870 0.35000 44.9600 8.0000 42.2500 135.0000 20.4500 4.1700 148.7000 1.7965 15.4000 25.6600 40%.9400 242.8000 MAR. 7 136.3000 6.06000 2.89750 100.0800 18.3300 28.7400 23.6800 42.9300 12.900b 241.1000 0.15810 0.34970 44.9300 6.0000 41h.8800 134.7000 20.2800 4.1500 146.7000 1.7955 15.4000 29.4300 40.4200 241.1000
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