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s - H (516/517) iS Selected Interest & Exchange Rates Weekly Series of Charts May 14,1979 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 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 RATIO < MARCH 197; 5=100 ICALE 1973=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I I I CANADIAN DOLLAR v 80 \ 60 hill 120 FRENCH FRANC GERMAN MARK 100 80 240 200 SWISS FRANC JAPANESE YEN 160 140 120 160 BELGIAN FRANC DUTCH GUILDER 140 120 100 100 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 AN PER CENT PER ANNUM 6 ITALIAN LIRA CANADIAN DOLLAR + 0 I' I 6 I I I I I 6 DUTCH GUILDER U. K. POUND + 0 6 12 18 12 GERMAN MARK SWISS FRANC V v f - 6 + 0 i i i I n 11 j i , 1111 ,"j~ i 6 JAPANESE YEN FRENCH FRANC Aj + 0 - y — 6 12 - Illllllllll 1977 1979 I I I Illllllllll 1977 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE C LLARS PER FINE OUNCE 260 240 220 12.5 Kg BARS 200 AFTERNOON FIXING PRICE 180 160 140 120 100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER PER CENT PER AN ENT PER ANNUM 14 JAPAN 10 OVERNIGHT EURO-DOLLARS 6 U.S. FEDERAL FUNDS MM 2 16 U.K. 2-DAY LOCAL AUTHORITY 12 NETHERLANDS 8 4 0 - 12 FRANCE 1 __ CANADA 8 - ^ J 7 * 1 4 8 EURO-SWISS FRANC GERMANY 4 + EURO 0 4 1977 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER AN :ENT PER ANNUM 16 U.K. INTERBANK STERLING 12 U.S. ..ru CD S 8 WEIGHTED AVERAGE FOREIGN RATE 4 11 8 GERMAN INTERBANK RATE — - JAPANESE BANK LOANS AND DISCOUNTS 4 - I I I I I 0 I SWISS INTERBANK RATE 4 CANADIAN FINANCE CO. PAPER IA a - + 0 I 1977 1979 I I 1977 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 __ OVERNIGHT 3-MONTH ^ - W/JTYVT i 12 - - 7-DAY 6-MONTH 1/ - 1-YEAR 1-MONTH 1977 1979 1977 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS 90-DAY CD'S DASHED LINE DASHED LINE J I I I I I I I I I I I I I I I I I I 1 I 11 I I I 1 11 I I I I I I I DIFFERENTIAL ADJUSTED DIFFERENTIAL FOR RESERVE REQUIREMENTS \h — I Iji/1 i 1977 FAVORS BORROWING IN U. S. IF POSITIVE i 11 1 1 1 1 1 11 A v A / x / W 11111111111 1 1 1 1 1 1 1 1 1 1 1 1979 1977 A 1 i i l i i l i i l i i 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S ( + ) , INDICATES AVERAGES PER FOR WEEK FAVOR ENDING DOLLAR ASSETS WEDNESDAY PER CENT PER AN :ENT PER ANNUM 16 12 EURO-DOLLAR DEPOSITS , CANADIAN CO. 8 FINANCE PAPER, COVERED 4 INTERBANK STERLING COVERED LONDON + 0 / U.S. COMMERCIAL PAPER 4 DIFFERENTIAL 4 DIFFERENTIAL + 0 " I I I |,, I 16 14 12 L' — i 10 INTERBANK DM COVERED FRANKFURT — SWISS INTERBANK (SF) COVERED MM \vVA(/ p I / A./V/ fj 8 v \AA// I * A 6 H" K \r^\J t f v / \ A / W V W . J /Y/ EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE ' yv^V 4 2 DIFFERENTIAL + 0 2 DIFFERENTIAL I I I IIII I 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERES CENT PER ANNUM PER CENT PER AL 11 UNITED STATES — CANADA 9 I i i ill,,I,,IN „li,I,,I," 7 7 SWITZERLAND - \ - 5 — 3 GERMANY I I I I I I 1 16 UNITED KINGDOM FRANCE 14 12 10 NETHERLANDS 8 U. S. CORPORATE MONTHLY Aaa 11 MONTHLY BONDS 9 JAPAN EURO-DOLLAR BONDS 7 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO RATIO 1969= 140 120 UNITED STATES UNITED KINGDOM 100 80 360 320 JAPAN 280 240 200 140 120 SWITZERLAND CANADA 100 80 150 130 FRANCE GENERAL INDEX GERMANY 110 yv / / L u A , V" I I \ yvA\/ 90 70 1977 1979 1977 1979 V LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 1 . S»OT EXCHANGE RATES AND INDICES 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 ITALIAN LIRA INDICES, 9 9 Q 9 o 9 9 9 9 52.69 0.45916 48.51 207.39 85.76 22.86 58.26 3.29968 0.11813 MAY MAY MAY MAY MAY MAY MAY MAY MAY 9 9 9 9 9 9 9 9 9 148.22 120.22 139.27 83.88 86.48 103.02 187.44 130.02 67.11 9 9 9 9 9 9 9 9 9 9 9 89.8? 144.74 111.77 130.21 75.04 78.07 94.08 174.98 120.62 59.43 92.2 9 9 9 9 9 9 9 9 9 -0.47 -1.03 5.78 2.29 10.31 3.50 6.30 -1.05 MARCH 1973 BASE RATES = 1 0 0 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 ITALIAN LIRA SWEDISH KRONA CHART 2 . MAY MAY MAY MAY MAY MAY MAY MAY MAY 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ITALIAN LIRA MAR 1973 = 100 MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY PREMIUM OR DISCOUNT MAY MAY MAY MAY MAY MAY MAY MAY J LAST VALUE PLOT DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G U.S. DOLLARS PER FINE OUNCE 9 247.96 MAY 9 9 MAY MAY 4 MAY 4 MAY 4 MAY 4 MAY 4 4 MAY APRIL 2 7 MAY 4 10.25 19.45 12.00 11.50 5.15 4.94 5.06 5.06 6.60 0.98 MAY MAY MAY MAY MAY MAY MAY 9 9 9 9 9 9 9 10.21 5.75 5.25 11.31 11.50 1.45 7.13 MAY MAY MAY MAY MAY MAY 9 9 9 9 9 9 10.45 10.36 10.51 10.88 11.11 11.01 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS MAY MAY MAY 9 9 9 10.45 10.25 0.20 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL MAY MAY MAY P 9 o 10.8| 10.2? 0.67 4. MAY 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 5. 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOAN'S G DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE CG-10 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART g . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), DIFFERENTIAL MAY '4 AY MAY 9 9 9 10.88 10.47 3.35 U . S . COMMERCIAL PA°ER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MAY MAY MAY 9 9 9 9.92 10.84 -0.92 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MAY MAY MAY 9 9 9 10.88 11.53 -0.70 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL MAY MAY MAY 9 9 9 10.88 11.76 -0.94 MAY 4 APRIL 2 7 MARCH MAY 4 MAY 4 FEB. 16 APRIL 2 7 4 MAY 9.36 7.26 6.95 3.19 9.76 9.49 8.42 10.26 CHART 9 . • # COVERED LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCF NETHERLANDS UNITED KINGDOM U . S . CORPORATE AAA BONDS EJRO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . MARCH DEC. MARCH 9.37 6.63 8.59 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MAY 4 APRIL 6 DEC. 29 9 FEB. MAY 4 A°RIL 27 APRIL 20 105, , 9 4 2 9 3 ,. 3 3 1 1 3 ., 8 1 1 2 4 . • 62 1 3 3 ,, 0 6 80. ,65 1 0 3 , ,08 # # F E D E R e A L e R E S E e R V E e s t a t i s t i c a l e # r e l e a s e FOREIGN EXCHANGE RATES FDR THE WEEK ENDING *AY 1 1 , 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. MONETARY UNIT 1USTRALIA AUSTRIA oftr-IUM 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 PFSO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RU°EE KRONA FRANC POUND MAY 7 110.7500 7.17360 3.30469 86.8810 18.8041 24.9377 22.8781 52.7426 12.1000 200.2000 0.11.813 0.46555 44.9843 4.3783 48.5720 105.0000 19.3237 2.0387 118.0000 1.5140 6.4250 22.7454 58.3601 208.2600 MAY 9 (RATE J . S . CENTS) MAY 9 110.8900 7.17489 3.30033 86.4230 18.7793 24.9532 22.9441 52.7065 12.1000 200.2500 0 . 11913 0.46479 45.0450 4. 3764 43.5201 104.7500 19.3087 2.0408 118.0303 1.5124 6.4253 22.7402 58.3431 205.6300 111.0600 7.17103 3.29707 86.1475 18.7406 24.9314 22.8519 52.7315 12.1000 199.8000 3.11*19 0.46915 45.0552 4.3764 48.5013 105.0000 19.3181 2.0375 118.0003 1.5135 6.4250 22.79Q8 58.3601 206.6500 MAY 10 110.9700 7. 1658° 3.28839 86.3036 18.6846 24.9128 22.8076 52.6676 12.0500 199.3000 0.1179^ 0.46603 44.9944 4.3764 48.3559 1 0 4 . 5 5 00 19.3162 2.0346 118.2300 1.5115 6.4250 •>2. 7 3 6 1 58.1835 204.8500 MAY 11 111.0200 7.15P?0 3.28947 96.2367 18.6759 25.0941 22.7842 52.612? 11.9200 199.4500 0.1178? 0.46484 4.3764 48.3325 104.550C 19.9845 2.0?94 118.1000 1.5133 6.4250 22.7687 58.0956 2-04.1530
@FedFRASER