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v5-yyO . «\vt % • Selected Interest & Exchange Rates Weekly Series of Charts May 1, 1978- DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 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 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 CkWWWENCWES AND WEIGHTED AVERAGE VALUES (THIN LINE) A V E R T S FOR WEEK ENDING WEDNESDAY K) SCALE 1970 PAWTY=100 1ATI0 SCALE MAY 1970 RA*ITY=100 120 100 - Iy ^ ~ I FOREIGN CURRENCY PRICE MCE OF U.S. DOLLAR 80 1 160 p.A — __ GERMAN MARK 100 X CANADIAN DOLLAR " I I I 180 X / 1 1 1 — \ 1 V j 1111111111111 IYI 11111 iT 80 140 — — FRENCH FRANC a / X 120 140 100 120 I I I I I I „ I,, l „ l i ~ I I I I 11111111111 180 240 160 f — — — 140 — SWISS FRANC —A JAPANESE YEN 120 — ^ 100 \r ~\ V - f J / — M — 200 S > / — 180 — 160 140 ~ — I I I I I I I I | I I | I I | I I 1111111 I 11 I I I I I I I | |||||||||| 11111111111 120 DUTCH GUILDER BELGIAN FRANC 100 110 — U.K. POUND It \ ITALIAN LIRA - - - I 1976 197# I I I I 1976 90 70 50 I 4978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 — CANADIAN DOLLAR I I I I I I lllllllllil lllllllllil PER CENT PER ANNUM DUTCH GUILDER - \ - U. K. POUND 12 I I lllllllllil I SWISS FRANC vV^ GERMAN MARK Z -k A I lllllllllil I - I I I I l | l l | l l | l l I FRENCH FRANC - JAPANESE YEN I 1976 1978 I - f lllllllllil I 1976 lllllllllil 1978 CHART 3 PRICE OF GOLD IN LONDON A V E R A G E S FOR WEEK ENDING W E D N E S D A Y U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 180 200 - 160 140 180 1 2 . 5 Kg BARS AFTERNOON FIXING PRICE - 120 160 - 140 120 I I I I I I I I 100 - 1976 I I I I I I I I 1978. 100 CHART 4 CALL MONEY RATES WEEKLY SERES c ® r r PER ANNUM PER CENT PER ANNUM , U.S. FEDERAL FUNDS JAPAN \jy — — - OVERNIGHT EURO-DOLLARS I I i I i „~ i 16 FRANCE i — r 12 A s 8 U.K. 2-DAY LOCAL AUTHORITY - - 1 1 1 1 1 1 , , l u l u I n M 1111111II NETHERLANDS CANADA - I I I I I I EURO-SWISS FRANC GERMANY EURO-DM 1876 1978 1976 1978 4 0 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM — 12 ' CANADIAN FINANCE CO. PAPER <v i EURO-DOLLAR p » U.S. I I I I I J - *vW CD'S I I I l u l l ' iihiliilii I I I I I I Illllllllll JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING SWISS INTERBANK RATE GERMAN INTERBANK RATE I I I I I III I I I 1976 1978 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGE# FOR WEEK ENDING WEDNESDAY ME* :ENT PER ANNUM PER CENT PER Al 10 3-MONTH 6 2 10 6-MONTH 7-DAY 6 2 1-YEAR 10 1-MONTH 6 2 1976 1976 1976 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES A V E R A G E S FOR WEEK ENDING W ED N ESD A Y PER CENT PER ANNUM PER CENT PER ANNUM 10 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS DASHED LINE OVERNIGHT EURO-DOLLAR DEPOSITS V 90-DAY CD'S DASHED LINE I I I FAVORS BORROWING DEFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS I I I 1976 IN U. S. F POSITIVE 11 1111 i I i 11 i I l-i 11 i i 11111 ' 111111 1111 1978 1976 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY 4 PER CENT PER ANNUM PER CENT PER ANNUI 10 EURO-DOLLAR DEPOSITS INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL + 0 DIFFERENTIAL iliiliiliiliiliilnl n l i i l i i l i i 10 - 10 CANADIAN FINANCE CO. PAPER, COVERED - EURO-DOLLAR DEPOSITS # V — | U.S. COMMERCIAL PAPER „ - SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE - - DIFFERENTIAL DIFFERENTIAL 1 vv 11111111111 n l i i l i i l i i 1976 1978 I I I l l 1976 I - w - v 'V'vy 1 1 1 1 1 1 1 1 n1l 1 i i 1l i i l i i 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANI NT PER ANNUM 10 CANADA UNITED STATES 8 i i i i 11 i 6 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY 18 UNITED KINGDOM — 16 FRANCE y j - I f 14 - 12 NETHERLANDS 10 — U.S. CORPORATE I MONTHLY I U.S. I I I CORPORATE 8 I MONTHLY 9 E U R O - D O L L A R BONDS Am# BONDS 7 EURO-DM BONDS 1 1 I 1976 1978 5 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969= RATIO 00 140 120 UNITED STATES 100 UNITED KINGDOM 80 80 320 280 240 200 160 I I I I II I I I I I 140 120 CANADA 100 SWITZERLAND 80 60 140 120 FRANCE GENERAL INDEX 100 80 60 U Minium 1976 1978 111 n i l 1111 1976 197* SERIES NAME ^^ART k 1 . SPOT EXCHANGE RATES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) 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 # % LAST VALUE PLOTTED DATE VALUE APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 26 26 26 26 26 26 26 26 26 48.09 0.44094 45.06 182.09 87.72 21.56 50.98 3.08670, 0.115131 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 26 26 26 26 26 26 26 26 26 176.01 158.74 163.11 75.87 94.83 119.84 222.94 154.33 71.96 26 26 26 26 26 26 26 26 26 26 84.11 164.41 145.05 145.48 62.55 81.40 105.25 197.73 137.12 60.00 26 26 26 26 26 26 26 -0.81 -2.34 4.06 -1.79 6.68 2.99 5.42 I N D I C E S , MAY 1970 P A R I T I E S = 1 0 0 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 # WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAY 1 9 7 0 = 100 # 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 FRANC CHART 2 . # • i ^ APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 3—MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN APRIL APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME CHART 3 . GOLD PRICE I N LONDON U . S . DOLLARS PER FINE OUNCE . APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 26 26 21 21 21 21 21 21 14 21 6.99 6.94 7.50 8.13 3.50 3.45 4.13 8.50 4.69 0.30 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 26 26 26 26 26 26 26 6.95 3.55 4.50 7.43 8.45 7.80 0.52 APRIL APRIL APRIL APRIL APRIL APRIL 26 26 26 26 26 26 6.94 7.01 7.18 7.43 7.79 7.96 26 26 26 26 26 26 6.94 6.99 0.24 7.43 6.95 0.34 EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 168.90 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6 . APRIL 26 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-OM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . LAST VALUE PLOTTED DATE VALUE 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 . 90-DAY C D ' S DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS APRIL APRIL APRIL APRIL APRIL APRIL SERIES NAME CHART 8 . 0 LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL 26 APRIL 26 A P R I L 26 7 ,. 4 3 5,. 4 6 1..97 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL APRIL 2 6 APRIL 26 APRIL 2 6 6 ., 8 6 7 ,. 6 4 - 0 . .78 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL 26 A P R I L 26 APRIL 26 7,.43 7 .. 6 1 - 0 , .19 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL APRIL 26 APRIL 26 A P R I L 26 7 , .43 7 ,.20 0..22 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM APRIL APRIL MARCH APRIL APRIL APRIL APRIL APRIL 21 14 21 21 7 14 14 8..12 5,.22 6 . .04 3 . .38 9 .. 2 4 10,.69 6 , .60 10..59 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS * CHART 1 0 . 8.47 6.41 7.99 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY •# MARCH JAN. VAN. APRIL APRIL APRIL APRIL APRIL APRIL APRIL 21 14 14 7 21 21 L«T 9 6 , .78 2 7 0 ,. 7 4 9 1 . .78 100, . 4 0 108, .39 7 2 , .06 1 0 0 , .00 # # # F E D E R A L H 10 * # # # R E S E R V E # # statistical release MAY FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 2 8 , • U 1976 1978 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 MONETARY UNIT APR. 24 A P R . 25 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 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 112.8200 6.67500 3.09200 87.6500 17.5500 23.6250 21.6200 48.1100 11.5000 182.1500 0.11500 0.43840 41.4800 4.3925 45.0400 100.8000 18.4000 2.3750 115.0500 1.2355 6.5000 21.4800 51.1000 182.1500 112.8000 6.67500 3.09300 88.2000 17.5400 23.6050 21.6300 48.0800 11.5000 181.4700 0.11515 0.43940 41.4900 4.3950 45.0300 100.7000 18.4000 2.3750 115.0500 1.2361 6.5000 21.5150 51.0700 181.4700 (RATE U . S . CENTS) APR. 2 6 113.1400 6.69000 3.08500 88.1400 17.5500 23.6200 21.6300 48.0150 11.5000 181.6600 0.11505 0.44320 41.5500 4.3950 44.9700 100.9000 18.3800 2.3800 115.0500 1.2370 6.5000 21.4850 50.9500 181.6600 APR. 27 APR. 2 8 113.5000 6.70500 3.10700 88.1600 17.6700 23.6775 21.7700 48.5000 11.5000 183.3000 0.11520 0.45000 41.6100 4.3950 45.3800 101.0500 18.5300 2.3750 115.0500 1.2361 6.5000 21.6850 51.8500 183.3000 113.2200 6.72000 3.09700 88.4000 17.6900 23.5950 21.6300 48.2200 11.6500 182.3000 0.11515 0.44450 41.8300 4.3900 45.1800 101.5000 18.5100 2.3575 115.0000 1.2367 6.4000 21.6400 51.4300 182.3000
@FedFRASER