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<v L 9) •V ,> - Exchange Rates Weekly Series of Charts March 19,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 **-w> ^*iy 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 INDICES 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 INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY SCALE 1973=100 RATIO SCALE MARCH 19773=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I 80 CANADIAN DOLLAR I 60 GERMAN MARK FRENCH FRANC 120 Vw 100 " i l l I I I 80 ulululu 240 JAPANESE YEN SWISS FRANC 200 NLA/ Vz~ - 160 - 140 120 160 BELGIAN FRANC — - DUTCH GUILDER 140 120 - 100 I I I I I I 100 ITALIAN LIRA U.K. POUND 80 60 1977 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER AL 6 CANADIAN DOLLAR ITALIAN LIRA U. K. POUND DUTCH GUILDER 0 6 6 + 0 6 12 18 12 GERMAN MARK SWISS FRANC 6 / — + 0 - I I i I n i 6 FRENCH FRANC JAPANESE YEN + 0 J I - 6 12 i 1977 1979 i i I I 1977 I 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 260 260 240 - 220 - 12.5 Kg BARS 200 AFTERNOON FIXING PRICE 180 160 - 140 - 120 - 100 1976 I 1977 1978 I I I I I I I 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 14 JAPAN - - OVERNIGHT EURO-DOLLARS ^ - U.S. FEDERAL FUNDS I I I I I I U.K. 2-DAY LOCAL AUTHORITY NETHERLANDS 12 CANADA I FRANCE r " V 1 I I I 1 1 i 1 1 GERMANY i i 1 1 12 r 1 1 1 1 1977 I - 8 4 - 4 ' 1 EURO-SWISS FRANC i t EURO-DM 1 8 1 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 V UK. INTERBANK STERLING 12 U.S. CD S WEIGHTED AVERAGE FOREIGN RATE I IlllllI I 10 GERMAN INTERBANK RATE — ^"1 S JAPANESE BANK LOANS AND DISCOUNTS - 2 — I I I 1 1 1 iiliiliiiii nili!1 1 1 1 1 I 13 SWISS INTERBANK RATE CANADIAN FINANCE CO. PAPER K X - W] VL — 1 1 1 1 1 1977 1 iilii hill i 1 1979 1 1 i i 1977 i 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 PER CENT PER ANNUM — 10 ryjl OVERNIGHT I — vvV — - 12 - 10 - 8 - f EURO-DOLLAR D E P O S I T S / 3-MONTH EURO-DOLLAR DEPOSITS ATK FEDERAL FUNDS / DASHED LINE f i i i i i i 90-DAY CD' S -J /VC7 i i i I i i I i i I i i DASHED LINE I I I I I I I I I I I I I I I I I I I I I I 4 2 DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS - TP i i i i i i 1977 FAVORS BORROWING IN U . S . IF POSITIVE 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1979 I I I ' V AV^\aVVA/ + 0 I I I 1977 11111111111 11111111111 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 14 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON t U.S. COMMERCIAL PAPER DIFFERENTIAL + 0 ' DIFFERENTIAL I I I I I I M ' |II|II|II SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL 11 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 10 — UNITED STATES CANADA 8 — 6 v I I I — 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 - I l l I I I nliiliilii Illllllllll JAPAN INDUSTRIAL SWITZERLAND — — GERMANY I I FRANCE I I I I UNITED KINGDOM NETHERLANDS U. S. CORPORATE MONTHLY U. S. EURO-DOLLAR BONDS - EURO-DM BONDS I I I I I 1977 I CORPORATE MONTHLY - Aaa BONDS ^ I 111 n i l i It 11n l i i l i i l i i 1979 1977 1979 11 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 200 140 — UNITED STATES 120 A -A v V y A A / 100 1 - 160 - - UNITED KINGDOM Ay 120 80 ~ i i I i I I I I I I I I I I II I A A 360 320 JAPAN ^ — I I I I I I f ; i n | i I 140 - 80 - 60 I I I I I I 100 — SWITZERLAND - — CANADA 80 J J\j 100 - — 80 60 - I I I I I I I 150 130 100 - - 200 120 - - 280 240 J\l I I I I I , h , 11111111111 150 — - FRANCE - /Vy 50 - - 130 GENERAL INDEX J 110 90 70 GERMANY — — 110 - - — I I I I I 1977 I nlnlnI,, I 1979 I I I I 1977 I MIMIMIM 1979 90 i 70 # LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART I . SPOT EXCHANGE RATES AND INDICES 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 INDICES » MARCH 1973 BASE RATES = CENTS) MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 14 14 14 14 14 14 14 14 14 53 . 8 9 0.48521 49.90 203.95 84.95 23.37 59.70 3.40079 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 14 14 14 14 14 14 14 14 14 151.61 127.04 143.25 82.49 84.67 105.32 192.07 134.01 67.37 14 14 14 14 14 14 14 14 14 14 14 88.31 146.34 117.17 132.28 72 . 5 8 75.22 95.00 176.97 122.77 58.83 91.75 14 14 14 14 14 14 14 14 -0.29 -1.31 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) 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 LIRA SWEDISH KRONA CHART 2 . 0.11860 MAR 1973 = 100 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 6.86 2.29 11.57 3.64 6.50 -0.96 LAST VALUE PLO DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. CHART 4 . DOLLARS PER F I N E OUNCE MARCH 14 MARCH 14 MARCH 9 MARCH 2 MARCH 9 MARCH 9 MARCH 9 MARCH 9 FEB. 16 MARCH 9 10.21 10.23 12.75 11.18 4.20 3.95 4.50 7.00 6.85 0.10 MARCH MARCH MARCH MARCH MARCH MARCH MARCH 14 14 14 14 14 14 14 10.16 11.06 MARCH MARCH MARCH MARCH MARCH MARCH 14 14 14 14 14 14 10.23 10.26 10.30 10.64 10.90 10.85 3-MONTH INTEREST RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE 1 G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 239.76 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 . MARCH 14 EURO-DOLLAR DEPOSIT RATES: 4.29 4.50 11.65 0.0 5.99 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR * 4 CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATFS OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MARCH 14 MARCH 14 MARCH 14 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL MARCH 14 MARCH 14 MARCH 14 10.23 10.21 0.02 # 10. 10. 0.48 1 SERIES NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MARCH 14 MARCH 14 MARCH 14 10.64 10.34 0.29 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MARCH 14 MARCH 14 MARCH 14 9.97 10.77 -0.80 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT}, COVERED DIFFERENTIAL MARCH 14 MARCH 14 MARCH 14 10.64 11.15 -0.52 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL MARCH 14 MARCH 14 MARCH 14 10.64 11.57 -0.93 MARCH 9 MARCH 9 FEB. MARCH 2 MARCH 2 FEB. 16 FEB. 16 MARCH 9 9.11 6.82 6.37 3.06 9.97 9.49 8.12 10.56 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY FEB. JAN. JAN. 9.26 5.81 8 .43 STOCK INDICES MARCH 9 F E B . 23 DEC. 29 9 FEB. MARCH 9 FEB. 16 MARCH 9 102.63 298.21 113.81 124.62 122.77 80.07 104.29 F E D E R A L H.10 R E S E R V E statistical release MARCH 1 9 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 1 6 , 1979 1979 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 DOLLAR KRONE' MARKKA FRANC D . MARK RUPEE °OUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 112.3500 7.35700 3.39963 84.8460 19.2215 25.2016 23.3672 53.9462 12.2300 2 04.1000 0.11848 0.48607 45.4240 4.3840 49.9126 105.6000 19.6541 2.0934 118.7000 1.4478 6.5000 22.9174 59.7514 204.1000 12 MAR. 13 (RATE U . S . CENTS) MAR. 14 111.9000 7.32735 3.38983 85.3170 19.1791 25.1731 23.3563 53.6826 12.2300 204.0000 0.11820 0.47927 45.3510 4.3840 49.7711 105.3500 19.6117 2.0855 118.7000 1.4465 6.5000 22.8310 59.4001 204.0000 111.9600 7.32869 3.40136 85.3100 .19.3013 25.1636 23.3645 53.8561 12.2300 203.6500 0.11859 0.48244 45.3510 4.3879 49.8554 105.3000 19.6348 2.0833 118.7000 1.4453 6.5000 22.9410 59.5592 203.6500 MAR. 15 112.0700 7.33810 3.39559 85.2810 19.3143 25.1921 23.3263 53.6913 12.2300 203.5700 0.11884 0.48321 45.4550 4 . 3 879 49.763 6 105.4000 19.6348 2.0886 118.6800 1.4451 6.5000 22.9305 59.4707 203.5700 MAR. 16 111.9600 7.31930 3.39443 85.2220 19.2957 25.1541 23.2991 53.6423 12.0700 203.0000 0.11884 0.48204 45.4030 4.3860 49.7142 105.2500 19.5963 2.0833 118.8000 1.4438 6.4500 22.8990 59.4601 203.0000
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