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\ Selected Interest & Exchange Rates XAfeekly Series of Charts MARCH 24,1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNOR* Washington, D C. 20551 V > Table of Contents TABLES I 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED f 2. 3-MONTH FORWARD EXCHANGE RATES 2. D A I L Y CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 3. GOLD PR ICE-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 I N D E X E S O F D O L L A R PRICES O F F O R E I G N C U R R E N C I E S A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y FOREIGN CURRENCY PRICE OF U.S. DOLLAR Weighted average 100 CANADIAN DOLLAR 90 80 I I I I I I 111 h 111111 I - - JAPANESE YEN 140 FRENCH FRANC * 120 P. V - 100 I I I I I I I I I I I I .ill.lull. I 200 180 - J GERMAN MARK SWISS FRANC 160 - - 140 120 I 100 I I DUTCH GUILDER I I I I MIMIIIIII BELGIAN FRANC 160 140 f \ A/\ 120 yz - - I 100 120 100 I lllllllllM ITALIAN LIRA U.K. POUND 80 I jJjjJ I Chart 2 A 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+)" OR DISCOUNT (—) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM 6 CANADIAN DOLLAR 0 6 i i i i i i PER CENT PER ANNUM 6 12 U.K. POUND SWISS FRANC 0 6 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 6 FRENCH FRANC 0 6 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others PRICE OF GOLD IN LONDON V AVERAGES FOR WEEK ENDING WEDNESDAY OS. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS Afternoon fixing price 150 120 80 80 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES PE NT PER ANNUM 1 PER CENT PER Al OVERNIGHT 15 EURO-DOLLARS JAPAN 11 10 5 .S. FEDERAL FUNDS I 0 21 20 U.K. 2 - D A Y LOCAL AUTHORITY 1£ 15 FRANCE 1C 10 £ 5 lllillllllll C I I I I I I I I 0 15 15 10 NETHERLANDS - 10 CANADA 5 5 W A / i , 0 20 i i 11111 i l 11 i i l i i l n l n 0 20 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 0 5 EURO-DM 6 5 5 1975 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES C A N A D I A N 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 llllll 1973 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER 16 OVERNIGHT 3-MONTH 12 8 4 16 16 6-MONTH 7-DAY 12 8 18 16 1-MONTH 1-YEAR 12 8 4 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 11 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER A> ENT PER ANNUM 20 INTERBANK DM, Covered Frankfurt E U R O - D O L L A R DEPOSITS 15 15 INTERBANK STERLING Covered London 10 10 5 5 E U R O - D O L L A R DEPOSITS V 0 | vv r .AM. DIFFERENTIAL T 8 DIFFERENTIAL i, V/ 5 10 I J _ L 15 I I I I 5 10 I E U R O - D O L L A R DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 10 5 15 U.S. COMMERCIAL PAPER 5 SWISS'DEPOSITS (SF) ' I p , / COVERED ' I T JA 0 1_ i > / y v DIFFERENTIAL 5 r J \ v 0 ' " DIFFERENTIAL I I I _ U _ 5 M Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 / JAPAN Industrial 8 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 8 4 12 U.S. CORPORATE __ Monthly U.S. CORPORATE Monthly Euro-Dm bonds 10 A Aaa bonds Euro-dollar bonds — 8 8 1973 1975 1973 1975 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 320 110 UNITED KINGDOM JAPAN 240 100 160 i i l i i l i i l i i 180 180 CANADA SWITZERLAND 100 100 60 60 45 111 ISO 180 FRANCE . . General index GERMANY 100 100 45 1973 1975 1973 1975 SERIES CHART 1. SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED J A P A N E S E YEN G E R M A N MARK DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC ITALIAN LIRA CHART 2. 3—MONTH LAST VALUE PLOTTED DATE VALUE NAME FORWARD AVERAGE EXCHANGE 3. GOLD U.S. CHART 4. PRICE DOLLAR CALL MONEY IN PER 5. 3-MONTH T8.38 125.10 158.19 152.91 100.88 108.10 132.33 176.36 145.65 99.07 MAR. MAR. MAR. MAR. MAR. MAR. MAR. 19 19 19 19 19 19 19 0.34 -5.83 1.40 -2.84 2.09 -0.34 0.13 MAR. 19 178.30 MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. 19 19 14 7 14 14 7 14 7 14 5.38 5.46 10.63 7.10 4.50 4.27 13.00 9.00 7.30 0.99 MAR. MAR. JAN. MAR. MAR. MAR. MAR. 19 19 31 19 19 19 19 5.75 5.52 9.39 LONDON FINE OUNCE 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 E U R O - S W I S S FRANC CHART 19 19 19 19 19 19 19 19 19 19 RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH G U I L D E R J A P A N E S E YEN CHART MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. MAR. INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN I N T E R B A N K LOAN J A P A N E S E COMPOSITE LOAN EURO-DOLLAR DEPOSIT C A N A D I A N F I N A N C E COMPANY INTERBANK STERLING SWISS DEPOSIT PAPER 6.60 6.63 10.68 7.00 \A SERIES CHART 6. EURO-DOLLAR LAST VALUE PLOTTED DATE VALUE NAME DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7. SELECTED MAR, MAR. MAR. MAR. MAR. MAR. EURO-DOLLAR AND U.S. MONEY MARKET OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR R E S E R V E R E Q U I R E M E N T S 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . CD'S 1 6 0 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR R E S E R V E R E Q U I R E M E N T S CHART 8. INTEREST ARBITRAGE, 3-MONTH EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, DIFFERENTIAL EURO-DOLLAR DEPOSIT I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , DIFFERENTIAL 5.46 5.39 5.98 6.60 7.21 7.45 RATES MAR. MAR. MAR. MAR. MAR. MAR. 19 19 19 19 19 19 5.46 5.38 0.55 6.60 MAR. MAR. MAR. 19 19 19 6.60 4.85 1.75 MAR. MAR. MAR. 19 19 19 5.98 6.96 -0.99 MAR. MAR. MAR. 19 19 19 6 .60 6.92 -0.32 MAR. MAR. MAR. 19 19 19 6.60 9.09 -2.49 5.75 1.06 FUNDS COVERED COVERED COVERED COVERED 19 19 19 19 19 19 «*• V7 SERIES CHART 9. LONG LAST VALUE PLOTTED DATE VALUE NAME 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. 10. 7 28 28 7 28 7 7 JAN. JAN. JAN. 31 31 31 FEB. MAR. FEB. MAR. FEB. FEB. MAR. 28 7 7 7 28 28 7 7 8 9 6 8 10 8 13 .50 .68 .62 .66 .14 .48 .38 .44 CORPORATE AAA BONDS E U R O - D M BONDS E U R O - D O L L A R BONDS CHART 7 MAR. MAR. FEB. FEB. MAR. FEB. MAR. MAR. INDUSTRIAL STOCK U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY 8.83 8.67 8.74 INDEXES 84 206 91 96 .15 .78 •80 .23 71 .89 61 .78 88 • 5 2 FEDERAL RESERVE H.IO MARCH 21, 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 2 1 , 1975 The Board lot 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 Z E A L A N D NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT MAR. 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 135.7000 6.07000 2.91100 99.9600 18.4300 28.4900 23.8200 43.1400 12.9000 241.8700 0.15850 0.34900 44.6500 8.0000 42.1100 134.2500 20.2900 4.1400 148.7000 1.7915 15.4000 25.4300 40.1700 241.8700 (RATE 17 MAR. 18 136.0000 6.10000 2.92150 99.9600 18.4600 28.5600 23.9000 43.3100 12.9000 242.5500 0.15900 0.34820 44.6600 8.0000 42.3500 134.3000 20.3700 4.1300 148.7000 1.7920 15.4000 25.5500 40.5000 242.5500 U.S. MAR. CENTS) 19 136.1000 6.10000 2.92950 100.0600 18.5400 28.6300 23.9300 43.4700 12.9000 242.8200 0.15940 0.34700 44.6900 8.0000 42.5200 134.5500 20.4400 4.1300 148.7000 1.7955 15.4000 25.6400 40.6300 242.8200 MAR. 20 135.9500 6.08000 2.92100 99.9900 18.4300 28.5400 23.8600 43.2700 12.9000 242.3700 0.15920 0.34820 44.6100 8.0000 42.2800 134.5000 20.3400 4.1300 149.7000 1.7940 15.4000 25.4800 40.3500 242.3700 MAR. 21 135.9500 6.05000 2.91250 100.0200 18.4200 28.4800 23.8100 43.0900 12.9000 242.1500 0.15900 0.34790 44.6100 8.0000 42.1800 134.5000 20.4000 4.1300 148.7000 1.7930 15.4000 25.4800 40.1200 242.1500
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