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^4? Selected Interest & Exchange Rates XAfeekly Series of Charts There will be no issue of these charts on June 7 , 1 9 7 6 MAY 24,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 n 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 HI. 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 Choir 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U S DOLLAR SO v-"\ 80 / , I I I I A i i I JAPANESE YEN P w I H I I \ / — I I i i i - i i h i h i h i l i i i n i i i i i i M i l 11111111 i 11 i i l n l i i h i I - A GERMAN MARK y v _ - " V —/X-/ A ^ x J ; - / SWISS FRANC / , ft j - - v _ ~~ J V-\ ~ t U V y - I I I _ I I DUTCH GUILDER A / 140 r ..A A ' " ' - I i i I I I I i 11111111111 1111111111~ „ BELGIAN FRANC 140 I 7 ~ " ^ -AT r V A ^ I , _ | I | I I I I I I 120 Xr z 100 J , v-z-x U.K. POUND ITALIAN LIRA \ f-j x v-v ( I 80 60 I ! i I I I 160 ,y / v / r . / ' r I A /A r 100 200 180 - 160 160 l - 140 120 / \ J 200 180 FRENCH FRANC Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER [NT PER ANNUM 6 C A N A D I A N DOLLAR 0 6 PER CEI- PEn Ah NUM 6 '"I 12 SWISS FRANC U.K. POUND 0 6 12 12: GERMAN MARK DUTCH GUILDER 6 0 6 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals __ 1 per cent on all others J ~j 0 j / J o ! 12 i i I I I I 1974 I • , 1 I!! M i i 1 i : i ! 1976 / y 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 r-rs CfNT PER ' \IT PER ANNUM 15 OVERNIGHT EURO -DOLLAR; JAPAN 10 5 U. S. FEDERAL FUNDS 0 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 - - 10 5 0 i I I I i I llli'luili nlnhihi 15 NETHERLANDS 10 CANADA 5 0 i HI I I I I i l l 20 EURO-SWISS f-RANC 15 GERMANY 10 5 0 si ' EURO Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES UNITED STATES CD's CANADIAN FINANCE CO. PAPER 12 8 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 EURO-DOLLAR SWISS DEPOSIT RATE 6 JAPAN Monthly 11 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 3-MONTH OVERNIGHT 12 8 I I I I I I ! I I In I il! 16 6-MONTH 7-DAY 16 1-YEAR 1-MONTH 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro dollar deposits 5 90 DAY CD's i t DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements i i I i i I i i I i i. 1974 Favors Borrowing in U.S. if Positive 1976 1974 1976 Cfisrt 3 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PEF CCNT PCX Af PEP SENT PER ANNUM 20 20 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 5 xAJ • 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 10 10 l 15 l l l l l l I lllllll, I I I I I / liiliiliiln 15 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED SWISS DEPOSITS (SFi COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 ' txA-ZvY^M DIFFERENTIAL DIFFERENTIAL 5 1974 5 1 1S76 1974 1976 Chai t 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER ANNUM CENT PER CANADA 9 10 UNITED STATES 8 7 6 5 9 12 JAPAN \ Industrial SWITZERLAND 7 .10 8 5 GERMANY nlnliilii 6 UNITED KINGDOM 12 3 18 14 16 FRANCE 14 10 12 8 NETHERLANDS 10 6 4 8 12 12 _ U.S. CORPORATE Monthly 10 U.S. CORPORATE Monthly Euro dollar bonds Aaa bonds 8 Euro-Dm bonds 11 6 1974 1976 10 8 6 Chan 1u INDUSTRIAL STOCK INDEXES WEEKLY SERiFS 1969='OC 180 UNITED STATES 100 60 45 400 300 1CC UNITED KINGDOM JAPAN 200 60 100 140 240 180 SWITZERLAND CANADA 100 60 35 180 180 FRANCE Gencni Index 100 100 GERMANY 60 4 5 FRASER Digitized for http://fraser.stlouisfed.org/1 3 7 4 Federal Reserve Bank of St. Louis 1976 1974 976 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 . MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY 19 19 19 19 19 19 19 19 19 19 90.42 120.37 142.41 132.91 75.55 110.32 117.86 174.46 127.31 73.57 MAY MAY MAY MAY MAY MAY MAY 19 19 19 19 19 19 19 -3.39 -5.20 2 .50 -4.03 4.76 2.36 —0 . 3 6 MAY 19 127.48 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . LAST VALUE PLOT"? DAT t VALUE 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 CHART 5 . MAY MAY MAY APRIL MAY MAY MAY MAY APRIL MAY 19 19 7 30 7 7 7 7 23 7 5.28 5.29 9.68 8.75 3.10 3.24 6.75 7.25 0.78 0.85 MAY MAY MARCH MAY MAY MAY MAY 19 19 5.50 3.66 8.30 5.98 9.63 9.97 4.50 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 19 19 19 19 SERIES NAME CHART 6 . LAST VfLUE PLOTTED DATE VALUE EURO-COLLAR DEPOSIT RATES: LONDON OVERNIC-HT 7-DAY 1—MONTH 3-MONTH 6-MONTH 1-YEAR MAY MAY MAY MAY MAY MAY 19 IS 19 19 19 19 5.18 5.38 5.98 6.66 7.16 MAY MAY MAY MAY MAY MAY 19 19 19 19 19 19 5.29 5.28 0.23 5.96 5.50 0.38 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MAY 19 MAY 1 9 MAY 19 5.98 4.78 1.20 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL MAY 19 MAY 1 9 MAY 19 5.43 6.23 -0.80 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MAY 19 MAY 19 MAY 19 5.98 6.16 -0.18 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL MAY 19 MAY 19 MAY 19 5.98 9.26 -3.28 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 . INTEREST ARBITRAGE, 3-MONTH FUNDS ,/ •7 LAST VALUE FLOTTED DATE VALUE SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. MAY MAY MARCH APRIL APRIL APRIL APRIL MAY 7 30 I-f, 20 23 ? 7.93 7.77 £.71 5.21 9.24 10.03 7.21 13.29 CORPORATE AAA BONDS EURO-DM BONDS EURO—DOLLAR BONDS CHART 1 0 . 14 APRIL MARCH MARCH 8.40 7.40 8.14 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MAY 14 MAY 7 MAY 7 MARCH 12 MAY 7 MAY 14 MAY 7 ( 107.56 225.53 107.09 114.51 98.90 70.71 96.83 # # , F E D E R A L H . 10 R E S E R V E itotistical releasi MAY 21 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 2 1 , 1976 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 A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUOO RAND PESATA RUPEE KRONA FRANC POUND MAY I ? 123.3500 5.43000 2.53450 101.8800 16.4000 25.7400 21.1200 38.6900 11.1000 180.4000 0.11750 0.33410 39.1000 8.0000 36.5300 99.2200 18.1200 3.3300 114.8500 1.4825 11.9500 22.4900 39.6500 180.4000 MAY 1 8 (RATE U . S . CENT S I MAY 19 123.0500 5.41000 2.53600 102.0800 16.4000 25.7100 21.1400 38.7500 11.1000 181.0500 0.11780 0.33430 39.0100 8.0000 36.5800 98.9500 18.0700 3.2900 114.8500 1.4775 11.9500 22.4900 39.7000 181.0500 123.2000 5.42000 2.54400 102.0900 16.4200 25.7100 21.2200 38.9000 11.1000 180.8000 0.11830 0.33420 39.0900 8.0000 36.6900 99.1000 18.1400 3.3000 114.8500 1.4760 11.9500 22.5900 40.0500 180.8000 MAY 2 0 123.2500 5 * 4400 0 2.54230 102.1200 16.4400 25.8000 21.2200 38.8500 11.1000 180.5500 0.11900 0.33400 39.1100 8.0000 36.6200 99.0000 18.1800 3.3000 114.8500 1.4770 11.9500 22.5700 40.2800 180.5500 MAY 2} 123.050C 5.40000 2.53360 101.940 0 16.4300 25.7000 21.1200 38.7200 11 . 0 5 0 0 178.0000 0.11900 0.33360 39.0000 8.0000 36.5100 99 . 2 5 0 0 18.0400 3.2800 114.6500 1.4755 11.9500 22.5100 40.0900 178.0000
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