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Selected Interest & Exchange Rates Weekly Series of Charts I ?r * • :> / * -i' % JS-H \ ^ % kAJ¥ MAY 23, 1977 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 DOi LAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED A V E R A G E A V E R A G E S FOR WEEK ENDING W E D N E S D A Y VALUES (DASHED LINE) MA l IV ^LHLL RATIO S C A L E WAY 1970 P4RTY-1C0 MAY CANADIAN FOREIGN PRICE 140 1970 PARITY - 1 0 0 120 DOLLAR CURRENCY OF U.S. D O L L A R f APANESE FRENCH YEN FRANC 120 100 I I I I II I ! I I 200 SWISS FRANC 180 ERMAN MARK 160 140 120 160 > V / - \ DUTCH GUILDER — — BELGIAN FRANC 140 ^ ' 120 100 V r ^ i i I -I I ! I ii III N i l ; i 100 - \ U.K. POUND ITALIAN LIRA 4 \ — !L \ \V^j— N " i l l 1975 1977 __ 11 i 11 i 11! 11 1975 1977 120 CHART 2 3 - M O N T H FORWARD EXCHANGE RATES PREMIUM ( + ) AVERAGES PER CENT PER FOR WEEK OR (-) ENDING WEDNESDAY ANNUM __ CANADIAN I I DOLLAR ! I ILL I H I L I I PER U. K. POUND CENT PER DUTCH GUILDER - - 12 I GERMAN I I I SWISS MARK II I FRANC JAPANESE YEN FRENCH 1975 ANNUM 2 PER CENT ON S C A L E EQUALS 1 PER CENT ON A L L OTHER FRANC 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OuNCr 180 12.5 Kg BARS AFTERNOON FIXING PRICE 160 160 40 120 100 100 80 80 1975 1977 CHART 4 CALL MONEY RATES WEEKLY PER CENT SERIES ANNUM PER 15 1 CENT PER ANNUM 1 U.S. F E D E R A L FUNDS 16 ARAN T4 OVERNIGHT EURO-DOLLARS - U.K. 2 - D A Y LOCAL V\ k AUTHORITY 12 \ ! CANADA ... I I I A 16 A.i I ! FRANCE ! ! I l i i h i i n h i I ill! h i l l i NETHERLANDS i i l l i h i l l i" 16 12 EURO-DM GERMANY 1975 EURO-SWISS 1977 1975 FRANC 1977 # CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER r # ANNUM PER CENT PER ANNUM i 12 e IA 12 v^ j UNITED STATES C D ' s 8 — A V CANADIAN FINANCE CO. PAPER XA - 1 — e 4 ! ! 1 iuililll 1 1 1 111111111II U.K. INTERBANK STERLING GERMAN INTERBANK RATE EURO-DOLLAR SWISS INTERBANK RATE JAPAN MONTHLY ! III'll !II 1975 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES AVERAGES FOR PER CENT PER WEEK LONDON ENDING WEDNESDAY ANNUM PER OVERNIGHT CENT PER ANNUM 3-MONTH 7-DAY 6-MONTH 1-MONTH 1977 1977 CHART SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM — 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR FEDERAL DEPOSITS - FUNDS DASHED LINE 90-DAY CD'S DASHED LINE DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR FOR RESERVE REQUIREMENTS RESERVE REQUIREMENTS LLLLL1 I 1 I I 1 I i i I I i 1 | | | | | 1975 -AVORS BORROWING IN U. S. IF POSITIVE 1977 1977 8 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PIUS(+). INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM fV/ PER CENT PER ANNUM EURO-DOLLAR DEPOSITS — 12 /lv, / INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 6 f- U.S. COMMERCIAL PAPER DASHED LINE SWISS INTERBANK (SF) COVERED j DASHED LINE r~ DIFFERENTIAL 1 „ o DIFFERENTIAL l u l l ! I I I II 1975 I I I I I ILL 1977 I ILL 1975 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CENT PER ANNUM PER CENT PER ANNUM CANADA UNITED STATES /v\ J \ MM III! I i ! \ \/N , JAPAN INDUSTRIAL SWITZERLAND J - GERMANY - I I I I I I I I I ! I I I I i i 111 i ; i I ! ! 3 19 FRANCE UNITED KINGDOM ^ NETHERLANDS 15 A till I Mill I ilnliil 12 12 ~~ 0 10 U.S. C O R P O R A T E MONTHLY U.S. C O R P O R A T E MONTHLY - ~ EURO-DOLLAR - • — Y / " \ _ -z/ - - — I ! 11! I I I 6 1975 BONDS A Aaa BONDS 8 11 E U R O - D M BONDS ! I I 1977 1975 1977 INDUSTRIAL STOCK INDEXES WEEKLY UNITED SERIES STATES 100 M-A UNITED 360 KINGDOM ! : / v u V , /VV JAPAN SWITZERLAND CANADA FRANCE GENERAL 100 INDEX GERMANY h- 1975 1977 1975 1977 S t R i e S NAME CHAR ? • •• ' i f Of EXtrtAfNSc RATES U . S . D O l L A K , WEIGHTLD 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 . 18 18 16 16 18 LTI 18 18 18 18 90.,02. 129.64 155.10 147.30 71.t>3 103.09 112*08 173.29 138. 24 70.50 MAY MAY MAY MAY MAY MAY MAY 18 18 18 18 1818 18 -1.58 -2.14 1.89 -4.69 I TM 2.64 0.18 DOLLAR PER F I N E OUNCE MAY 18 147.54 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 MAY MAY MAY MAY MAY MAY MAY MAY APRIL MAY 18 18 13 13 13 13 13 13 29 13 MAY MAY MARCH MAY MAY MAY MAY 18 18 . 5t34 5.38 6.75. 7.65 3.80 3.89 5.23 9.00 0.90 5.33 CHART 5» 3-MONTH INTEREST RATES „ GOLD PRICE IN LONDON U.S. CHART 4 . MAY 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 CHART 3 . LAST VALUE PLOTTED DATE VALUE U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOS 11E LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN 18 18 18 18 5.24 4.43 . 8.13 . 5.80 7.387.50 3.82 . LAST VALUE PLOTTED., DATE VALUE SERIES NAME CHART 6 , EURO-DOLLAR DEPOSIT RATES: LONDON OVERMGiil 7-OAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 , SELECTED EURO-DOLLAR AND U . S . MAY MAY MAY MAY MAY MAY 18. 18 IB 5.48 5.50 5.80 6.19 6.49 18 18 18 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 . C D ' S ( 6 0 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS MAY 1 8 MAY 18 3»38L . B »34 -QjuZfe- MAY 18 MAY 18 MAY 18 5.80 5.24 0.47 MAY 1 0 _ MAY 18 MAY .16 5.80 5.36 0^44 I M . E R E S_1_A_R B LTRAGE_J_3—MONT H_ F UNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL , U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL EURODOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL - MAY 18 MAY 18 MAY 18 5.35 5.80 . -0.45 MAY 16 MAY 18 MAY 18 5,80 6.32 -0.52 MAY I B MAY 18 WAY 18 . 5.66 0*14 — g 1 DATE SERIES NAME VALUE CHART_9. LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND ARAPA. FRANCE .... - N E l H £ R t ANPS UNITED KINGDOM U.S. Li5fl 6.20 7*8.4 4.10 A . 80 10.94 7.28 11.61 ___ CORPORATE AAA__BOND§. EURO—DM BONDS EURO-DOLLAR BONDS CHART 1 0 . HAX.il APRIL 2 9 APRIL MAY 6 .MAY 1 3 MAY 6 APRIL-22 MAY 13 ——£L»J19L 6.87 7.70 MARCH MARCH MARCH INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM -SMlTZjEftLANP GERMANY MAY APRIL APRIL APRIL MAY APRIL APRIL 6 22 22 25 6 22 29 102.92 94.20 TBl.16 107.22 74-97 96.78 .... # FEDERAL H»10 RESERVE statistical release 23 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING ® 1977 WAY 2 0 » 1977 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 BE LGIUM CA NA DA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SW ED EN SWITZERLAND UN I T ED KINGDOM MONETARY UNIT 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 MAY 16 110.2600 5.95000 2.76300 95.3600 16.6300 24.5100 20 . 1 7 0 0 42 . 3 2 0 0 11.3500 171.8800 0.11280 0.36010 40.2600 4 #4000 40.6600 95.9500 18.9400 2.5850 115.0000 1.4497 13.7000 22.9000 39.5800 171.8800 J MAY 1 7 (RAJHE U . S . CENTS MAY 18 110.3000 5.95000 2.76500 95.5100 16.6300 24.5400 20.1900 42.4100 11.3500 171.8700 0.11280 0.36030 40.3000 4.3900 40.7200 95.9500 18.9300 2.5800 115.0000 1.4499 13.7000 22.9200 39.6700 171» 8 7 0 0 110 . 3 0 0 0 5 .96000 2 .76900 95*4900 16.6000 24.5275 20 . 2 0 0 0 42.4150 11 . 3 5 0 0 171.8500 0.11282 0.36050 40.3000 4.3600 40.7750 95.9500 18 . 9 5 0 0 2 .5825 115 . 0 0 0 0 1.450 3 13 .7COO 22.9350 39*6800 171 .8500 MAY 1 9 110.3000 5.96000 2.77400 95.4000 16.6100 24.5300 20.2000 42® 4 4 0 0 11.3500 171.7800 0.11280 0.36105 40.3100 4.3600 40.7700 95®9500 18.9550 2.5800 115.0500 1 e 4 4 51 13.7000 2 2 . 9 5 50 39*690© 17 1 ® 7 8 0 0 MAY 20 1 1 0 . 3 500 5,95000 2.77100 95® 1 9 0 0 16.6200 24.4900 20.1800 42.3800 11.3200 171.7400 0.11280 0.36070 40.2300 4.3600 40.7200 96.0000 18,9400 2,.5 8 0 0 115.0000 1.4461 13 . 7 0 0 0 22.9300 39 , 6 9 0 0 171.740'
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