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' I ' t C u i.vt * a Selected Interest & Exchange Rates XAfeekly Series of Charts # 1978 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 * s ? * Y * Table of Contents e 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 a 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 AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S MAY 1970 PARITY<=100 ME PARITY=100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 80 I l I I I I 11111111111 yv\ - 140 FRENCH FRANC _ GERMAN MARK K T f 120 - 100 240 200 SWISS FRANC JAPANESE YEN 180 160 140 120 160 DUTCH GUILDER BELGIAN FRANC 140 120 100 110 — 90 U.K. POUND I A ITALIAN LIRA J - I 1976 1978 I I I I 1976 I 70 I III I III I I I 1978 50 CHART 2 3-MONTH FORWARD EXCHANGE RATES .# PREMIUM (+) OR (--) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 CANADIAN DOLLAR ~ ft - I I I I I I i ill i h i l l i PER CENT PER At DUTCH GUILDER / \ - l\ / ~ U. K. POUND 1 0 1 - 12 1 1 1 y SWISS FRANC GERMAN MARK I I I i i i iiiiiiiiiii / ,, 1,, 1 1 1 i i i - n l n h i l i i — FRENCH FRANC - JAPANESE YEN 1 1976 1978 J 1976 1 - f i l l 11 l u l u iiliil nil i 1976 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE IS. DOLLARS PER FINE OUNCE 200 200 180 - 160 - - 180 - 160 - 140 - 120 I I I I I I I I I I 100 12.5 Kg BARS AFTERNOON FIXING PRICE 140 120 - 100 1976 # 1978 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM ' PER CENT PER ANNUM ir V U.S. FEDERAL FUNDS - JAPAN - OVERNIGHT EURO-DOLLARS 1 1 1 1 1 1 llllllllll! Illllllllll 16 FRANCE u U.K. 2-DAY LOCAL AUTHORITY 1 1 1 12 y 1 n 8 1 I nliiliilii - 4 nliiliilii 0 — NETHERLANDS CANADA i - I I I I I I - n l it h i l l i EURO-SWISS FRANC - 6 - 4 GERMANY EURO-DM 1976 197$ 1976 1976 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES ENT PER ANNUM PER CENT PER Ah 12 CANADIAN FINANCE CO. PAPER EURO-DOLLAR U.S. 8 CD S 4 16 12 JAPANESE BANK LOANS AND DISCOUNTS 8 U.K. INTERBANK STERLING 4 SWISS INTERBANK RATE 4 GERMAN INTERBANK RATE + 0 1976 1978 1976 1978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM PER CENT PER AL 10 OVERNIGHT 3-MONTH 6 2 10 6-MONTH 7-DAY / — 6 - I I III IIII H 2 10 I I I I I I 1-YEAR — - 1-MONTH 6 - I 2 1976 1978 I I I I 1976 I 1976 # * CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 10 FEDERAL FUNDS EURO-DOLLAR DEPOSITS DASHED LINE OVERNIGHT / J EURO-DOLLAR DEPOSITS 90-DAY CD S DASHED LINE DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS + 0 I I I 1978 1976 FAVORS BORROWING IN U. S. IF POSITIVE i i I i 1111111 i 111111 i I 11111111111 11 i y 1976 _u 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER ENT PER ANNUM PER CENT PER M 10 EURO-DOLLAR DEPOSITS 8 INTERBANK INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 EURO-DOLLAR DEPOSITS 4 DASHED LINE 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 I I I 11ill ill1111 ii h i l i H i i l i l l u l i 10 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 8 6 4 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 2 + 0 1111 i.j I l i J 11 I 11 I I I I I I I I 2 1876 19?# 1 I 1976 1 inJ_i 11111111 II 11111111 1978 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM :R CENT PER ANNUM ~ -/W UNITED STATES - VI - - I I I i ill i hill i I I I 10 CANADA i i i I I I J n i l i h i 111 JAPAN INDUSTRIAL SWITZERLAND GERMANY UNITED KINGDOM FRANCE NETHERLANDS • • U. S. CORPORATE MONTHLY U. S. EURO-DOLLAR CORPORATE MONTHLY BONDS Aaa BONDS E U R O - D M BONDS I I I I I 1876 I I l l l l I I I I III M I M I I I I M 1978 1976 1978 8 6 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969: SCALE 00 140 120 UNITED STATES 100 UNITED KINGDOM 80 60 320 280 240 200 160 140 120 CANADA 100 SWITZERLAND - yv - 80 - 60 J_i I l l I I I 140 120 FRANCE GENERAL INDEX GERMANY 100 80 60 UIJIIUIJJIJIJJIIHIII 1976 1978 1*7* 197# LAST VALUE PLOTTED DATE VALUE SERIES NAME ^ ^ R T 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 MAY MAY MAY MAY MAY MAY MAY MAY MAY 17 17 17 17 17 17 17 17 17 47.19 0.44115 44.14 161.57 89.86 21.39 50.28 3.02350 0.11465 MAY MAY MAY MAY MAY MAY MAY MAY MAY 17 17 17 17 17 17 17 17 17 172 . 7 2 158 . 8 1 159 . 7 8 75 . 6 6 97 . 1 5 118 . 8 2 219 . 8 8 151 . 1 7 7 1 . 66 17 17 17 17 17 17 17 17 17 17 84. 61 1 6 1 . 60 1 4 3 . 73 1 4 3 . 05 6 2 . 68 84. 01 1 0 4 . 79 1 9 5 . 89 1 3 4 . 82 6 0 . 02 17 17 17 17 17 17 17 -0.11 —3.03 4.64 -1.56 6.77 3.41 5.05 I N D I C E S , MAY 1970 P A R I T I E S = 100 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 . 3-MONTH FORWARD EXCHANGE RATES, CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY PREMIUM OR DISCOUNT MAY MAY MAY MAY MAY MAY MAY LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE U.S. 4. I N LONDON MAY 17 DOLLARS PER F I N E OUNCE CALL MONEY 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 EURO-SWISS FRANC CHART 5 . MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY 17 17 19 12 19 12 19 19 5 12 7.34 7.40 8.38 7.05 3.50 3.20 4.00 6.13 4.19 0.55 MAY MAY MAY MAY MAY MAY MAY 17 17 17 17 17 17 17 7.20 3.60 4.50 7.84 7.97 9.21 1.09 MAY MAY MAY MAY MAY MAY 17 17 17 17 17 17 7.40 7.41 7.55 7.64 8.17 6.31 MAY MAY MAY MAY MAY MAY 17 17 17 17 17 17 7.4C 7.34 0.37 7.64 7.20 0.51 3-MONTH INTEREST RATES U . S . 90-DAY CD'S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 175.72 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY CD'S D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS SERIES NAME ^^ART • # e 8. LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MAY 17 MAY 17 MAY 17 7.64 6.19 1.65 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MAY 17 MAY 17 MAY 17 7.06 7.86 -0.80 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MAY 17 MAY 17 MAY 17 7.84 8.24 —0.40 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL MAY 17 MAY 17 MAY 17 7.84 7.86 -0.02 MAY 12 MAY 5 APRIL A P R I L 28 MAY 12 MAY 5 MAY 5 MAY 5 8.35 5.30 5.98 3.40 9.15 10.55 6.77 10.57 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . APRIL MARCH MARCH 8.56 6.36 7.86 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MAY APRIL MAY APRIL MAY MAY MAY 12 21 5 21 5 12 5 99.70 273.99 91.67 104.50 114.70 73.37 97.85 • e RESERVE FEDERAL H . 10 statistical re leas MAY 2 3 , FOREIGN EXCHANGE RATES MAY 1 9 , FOR THE WEEK ENDING # 1978 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. AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT MAY 15 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 112.8000 6.56250 3.02650 89.9000 17.4400 23.4500 21.3900 47.1900 11.5700 182.0700 0.11460 0.44205 41.5400 4 . 3950 44.1400 100.7500 18.3000 2.1825 115.0000 1.2270 6.2900 21.4400 50.2250 182.0700 A MAY 16 (RA1FE U . S . CENTS MAY 17 112.4500 6.51000 3.00500 90.2000 17.4100 23.4200 21.2800 46.8800 11.5700 180.9000 0.11450 0.43780 41.4900 4.3975 43.8400 100.5000 18.2600 2.1875 115.0000 1.2255 6.2900 21.3700 50.1000 180.9000 112.3800 6.53500 3.00200 90.0700 -17.3500 23.3625 21.3350 46.9150 11.5700 181.2000 0.11455 0.43870 41.3500 4.4000 43.8700 100.3500 18.2200 2.1825 115.0000 1.2259 6.2900 21.3700 50.2250 181.2000 MAY 18 112.7000 6.56500 3.03900 89.7450 17.4400 23.3700 21.4850 47.4500 11.5700 181.7300 0.11480 0.43950 41.4100 4.4000 44.3400 100.4500 18.3300 2.1875 115.0000 1.2291 6.2900 21.5000 50.7200 181.7300 MAY 19 112.4500 6.58250 3.03000 89.9000 17.4600 23.3950 21.3700 46.9900 11.5700 180.7000 0.11470 0.43860 41.6100 4.4050 43.9500 100.5500 18.3000 2.1850 115.0000 1.2311 6.2900 21.4600 50.5000 180.7000
@FedFRASER