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Selected Interest & Exchange Rates XAfeekly Series of Charts MARCH 29,1976 1 x Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 V 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 RATESH.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 8. 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 A N D WEIGHTED AVERAGE V A L U E S (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 80 120 CANADIAN DOLLAR 100 V / x V ~ ^ x \ / ^ " I I I 100 s ^ I I I 80 140 A\ 140 FRENCH FRANC 120 1 I 120 - 100 ' ±J_ I I i I 180 I I 11I11I11I11 Illllllllll - j „ GERMAN MARK v . H ' r 7 120 ff-jr DUTCH GUILDER 140 120 y x V y : iK*r\j~\s~s~ w 1 / 160 140 / , ~ y 100 1 J j 200 180 SWISS FRANC ,y 140 160 I r - 200 160 100 Vv I I K / ~ - 120 Illllllllll 100 j. | 1 1 1 1 1 1 160 ^ ~ J BELGIAN FRANC 140 / \ / a ^ 120 a—-_y >- f, S 100 m i lllllllllll Illllllllll 100 120 120 U.K. POUND 100 100 X - 80 - ITALIAN LIRA ^ V | i1 Vv - ItI 80 M U " i l l 1 1 1 1974 Illllllllll illllllllll 1976 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY 6 — CANADIAN DOLLAR 0 6 6 SWISS FRANC U.K. POUND 0 6 12 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 6 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others FRENCH FRANC 0 6 12 24 1974 1976 1974 1976 6 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE — 210 12.5 Kg BARS — Afternoon fixing price 180 150 120 90 60 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES n 15 PER CENT PER A) PER ANNUM 15 OVERNIGHT EURO-DOLLARS J 10 5 10 JAPAN 0 20 I I I 5 - U. S. FEDERAL FUNDS I I I I I I 0 I 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 15 " 10 y 10 z ; 5 5 0 i i i I I I 0 15 15 NETHERLANDS 10 10 5 5 0 I I I I I I 0 20 20 EURO-SWISS FRANC 15 15 If GERMANY 10 10 5 5 V 0 5 I EURO-DM I I I I I 0 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 4 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 B 4 16 6-MONTH 7-DAY 12 8 4 16 1-MONTH 1-YEAR 1 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 r ~ 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 http://fraser.stlouisfed.org/' " U S if Pr iti Federal Reserve Bank of St. Louis 1 1978 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: P L U S H . INDICATES FAVOR DOLLAR ASSETS PER CENT PER AK ENT PER ANNUM 20 -15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 5 0 0 DIFFERENTIAL /I# W DIFFERENTIAL 5 5 10 10 I 15 I I I I I I I I 11 1 11 11111 1111 111 I iliihiluh 15 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER V! /«Vj 0 0 v \\-xl\sJ y r DIFFERENTIAL 5 I I I IMIIIIIIIM DIFFERENTIAL llllllillll 1 1 1 A A! ,V , '' '• 1 I I I I I I I I I I 1 I I I I I I 1 I5I I I I Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 N SWITZERLAND . W a n y / Industrial 10 8 GERMANY 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 . 10 __ U S. CORPORATE Monthly U.S. CORPORATE Monthly / \ Euro-dollar bonds Aaa bonds 8 Euro Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 UNITED STATES 100 60 400 140 300 100 UNITED KINGDOM JAPAN 200 100 35 240 140 180 100 SWITZERLAND CANADA 100 60 35 180 180 FRANCE General Index 100 100 GERMANY 60 60 45 1974 1976 1974 1976 SERIES NAME 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 CHART 2 . LAST VALUE PLOTTED DATE VALUE MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 24 24 24 24 89.30 120.06 143.83 134.25 80.15 109.73 118.06 171.75 128.59 73.51 MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 24 -4.86 -5.39 2.28 -8.51 4.04 2.50 -0.54 MARCH 2 4 133.66 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 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 24 24 19 12 19 12 19 19 12 12 4.79 4.79 7.88 8.90 3.50 2.78 7.00 7.69 3.23 0.75 MARCH MARCH JAN. MARCH MARCH MARCH MARCH 24 24 5.13 3.68 8.40 5.53 9.90 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 FRASER Digitized for 24 24 24 24 8.60 4.50 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR MARCH MARCH MARCH MARCH MARCH MARCH 24 24 24 24 24 24 4.79 4.93 5.11 5.53 6.35 7.05 24 24 24 24 24 24 4.79 4.79 0.20 5.53 5.13 0.30 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MARCH 2 4 MARCH 2 4 MARCH 2 4 5.53 3.21 2.31 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL MARCH 2 4 MARCH 2 4 MARCH 2 4 5.30 5.04 0.26 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MARCH 2 4 MARCH 2 4 MARCH 2 4 5.53 5.96 -0.44 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL MARCH 2 4 MARCH 2 4 MARCH 2 4 5.53 8.54 -3.02 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 . MARCH MARCH MARCH MARCH MARCH MARCH INTEREST ARBITRAGE, 3-MONTH FUNDS I > 1 I 1 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 MARCH MARCH FEB. MARCH MARCH MARCH MARCH MARCH 19 12 12 12 5 12 12 7.75 7.55 8.61 5.18 9.53 9.93 6.89 13.80 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . FEB. JAN. JAN. 8.55 7.82 8.41 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MARCH MARCH MARCH JAN. MARCH MARCH MARCH 19 5 12 2 12 19 12 105.55 226.53 107.93 108.03 97.67 73.22 102.98 H.IO MARCH 2 6 , 1976 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 2 6 , 1976 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 FRASER UNITED KINGDOM MONETARY UNIT MAR. 22 MAR. 23 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 124.4500 5.46000 2.58750 101.4900 16.4200 25.9700 21.2300 39.3700 11.2000 192.1700 0.11850 0.33350 39.0800 8.0000 37.0700 101.8600 18.0900 3.4500 114.8500 1.4910 12.4500 22.7200 39.3600 192.1700 124.6500 5.45000 2.59000 101.4900 16.3300 25.9900 21.2100 39.0100 11.2000 192.5000 0.11930 0.33360 39.0800 8.0000 37.0000 101.8900 18.0400 3.4200 114.6500 1.4899 12.4500 22.6600 38.9900 192.5000 Digitized for IRA1FE U . S . CENTS MAR. 24 124.6500 5.45000 2.58150 101.5200 16.4100 26.0300 21.3100 39.1200 11.2000 192.6600 0.11900 0.33360 39.0500 8.0000 37.1600 101.9300 18.0200 3.4100 114.8500 1.4899 12.4500 22.6700 39.1100 192.6600 MAR. 25 MAR. 26 124.7000 5.46000 2.56750 101.6500 16.5000 26.0600 21.3100 39.2500 11.2000 192.3400 0.11900 0.33370 39.1000 8.0000 37.1900 102.0500 18.0400 3.4200 114.8500 1.4905 12.4500 22.6800 39.2500 192.3400 124.6800 5.47000 2.55750 101.7200 16.4700 26.0600 21.3100 39.1800 11.1500 192.0000 0.11750 0.33380 39.0000 8.0000 37.1200 101.9800 18.0400 3.4200 114.8000 1.4905 12.4000 22.6900 39.2200 192.0000
@FedFRASER