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5 Selected Interest & Exchange Rates Weekly Series of Charts May 30,1978 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 - W Table of Contents "TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDEXES 2. 3-MONTH FORWARD EXCHANGE RATES 3. QOLD PRICE-LONDON -4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES «. EURO DOLLAR DEPOSIT RATES 1 . SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES S. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES SUBSCRIPTION RATES: Weekly $15.00 per year or $.40 eatimaWhe limited States, its possessions, Canada, amt-Mexigxr, 10 or more of the same issue to one addeess,-333:50 sper year or $J35 each. Elsewhere, $20.0G#Bi-^carar $.-60 each. Address requests in ruhlii itinir #riminr Division of Administrative Services, ara±aB@te^ayment remittance payable to the order w^SfcwJSfflarti of Governors of the Federal Reserve SpMssnmia •form collectible at par in U.S. Currency. CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) U AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S< MAY 1970 PARITY'=100 :ALE 0 PARITY= 100 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 80 11 140 a r FRENCH FRANC GERMAN MARK t -| ! ! /V — 120 ^ - 100 I I I 240 - - 200 SWISS FRANC 180 JAPANESE YEN - - 160 140 I I I I I I 120 i i l u l n l n 160 DUTCH GUILDER BELGIAN FRANC 140 120 i i i I I I Ml,,1,11,7 100 110 90 U.K. POUND ITALIAN LIRA 70 50 1976 1978 1976 1978 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM 6 CANADIAN DOLLAR + 0 6 PER CENT PER ANNUM 6 — 6 — 6 DUTCH GUILDER + 0 U. K. POUND 6 12 12 18 111llll1111 SWISS FRAISIC 6 + 0 f - /A I I GERMAN MARK I - /• V v V I I II ill I II I I I I I I I M l l . l . i l M I I I I II II Il I + 0 FRENCH FRANC JAPANESE YEN J + 0 6 12 I 1976 1978 I 1976 I 1978 1 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 • E 180 - 12.5 Kg BARS 160 AFTERNOON FIXING PRICE 140 - • I I I I I I I I I I 1976 120 100 1978. CHART 4 CALL MONEY RATES WEEKLY SERIES PER C PER CENT PER AN NT PER ANNUM 12 U.S. FEDERAL FUNDS 8 4 - Yn JAPAN - OVERNIGHT EURO-DOLLARS 0 16 FRANCE 12 > ^ jJ 8 / x A . U.K. 2 - D A Y LOCAL AUTHORITY 4 0 12 NETHERLANDS CANADA 8 4 I II I I I I N i l I I I 0 12 8 _ 4 + 0 WiU\aAK A h EURO-DM I I II I I 4 EURO-SWISS FRANC GERMANY 1976 1978 i i 1976 i I l l l l l l l l l l 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM CENT PER ANNUM 12 — CANADIANI FINANCE CO. PAPER - EURO-DOLLAR U. S. CD" S I I I I I I - 12 JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING II11 I 111 I I l l SWISS INTERBANK RATE - 4 GERMAN INTERBANK RATE + O 1976 1978 1976 f978 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER AL PER CENT PER ANNUM 10 3-MONTH OVERNIGHT 6 2 10 6-MONTH I A A V 6 Y X — 111 H i l l 11111 I I I 11 2 I I I IILIIIIILII 1-YEAR 10 1-MONTH 6 I IIIIIII III 2 1976 1978 1976 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM FEDERAL FUNDS 3-MONTH DASHED LINE E U R O - D O L L A R DEPOSITS FAVORS BORROWING OVERNIGHT EURO-DOLLAR DEPOSITS r j ' 9 0 - D A Y CD1 S DASHED LINE DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS I I I I I 1976 IN U. S. IF POSITIVE III.I I I I I I I I I I 1978 M i l l 1976 I I I I I I I I I I I 1978 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CEN* b=P 10 10 L EURO-DOLLAR DEPOSITS I 8 -V i, . VI I, 4 , INTERBANK STERLING /VJLU / INTERBANK Z COVERED FRANKFURT COVERED LONDON - EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL 11111111111 I I I H I M I I 10 11 i 111111111 - - 10 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL I DIFFERENTIAL V v w v > v w^ iiliiliiliilnl"!" 1976 1978 1976 1978 # CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM • 9 7 # - — -/VV J 10 CANADA UNITED STATES /VL r w s ! 5 - /V— | Hlllhllfl j JAPAN INDUSTRIAL SWITZERLAND GERMANY UNITED KINGDOM FRANCE NETHERLANDS I I I I I III U. S. CORPORATE MONTHLY U. S. EURO-DOLLAR CORPORATE MONTHLY BONDS Aaa BONDS EURO-DM BONDS i i i I I 1976 I 11 i !!'!I II!II I IIMIIIIII 1978 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES SCALE 00 RATO 140 120 UNITED STATES — 100 UNITED KINGDOM 80 60 - I I I 320 280 JAPAN 240 200 160 140 120 CANADA 100 SWITZERLAND 80 60 II I I I I I 140 120 FRANCE GENERAL INDEX GERMANY 100 — 80 60 - I 1976 1978 I 1976 I 1978 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME 1. • SPOT WEEKLY EXCHANGE AVERAGES , RATES NOON B U Y I N G R A T E S (U.S. CENTS) MAY MAY MAY MAY MAY MAY MAY MAY MAY GERMAN MARK J A P A N E S E YEN DUTCH G U I L D E R U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC S W I S S FRANC B E L G I A N FRANC ITALIAN LIRA # INDICES, MAY 1970 PARITIES = m CHART 2. 3-MONTH igs™~ s=r III i i i EXCHANGE V A L U E FORWARD 47.06 0.43790 44.00 181.16 69.til 21.40 50.66 3.02020 0.11462 100 =#• i s WEIGHTED AVERAGE 24 24 24 24 24 24 24 24 24 EXCHANGE INDICES» RATES, MAY 1970 P R E M I U M OR = li 100 DISCOUNT I= i= 1K * SERIES CHART 3. GOLD U.S. CHART 4. PRICE DOLLARS CALL MONEY IN PER LAST VALUE PLOTTED DATE VALUE NAME LLNvCN FINE CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC 5. 3-MONTH 24 179.0] MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY 24 24 19 19 19 19 19 19 5 19 7.43 MAY MAY MAY MAY MAY MAY MAY 24 24 24 24 24 24 24 7.40 3.60 4.50 7.86 MAY 2 4 MAY 2 4 MAY 2 4 MAY 2 4 MAY 2 4 MAY 2 4 7.44 7 .46 7.60 7.86 8.29 6.51 MAY 7.44 7.43 0.32 7.86 7 e 4 ° 0.32 RATES U . S . F E D E R A L FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CHART MAY OUNCE INTEREST 6. EURO-DOLLAR DEPOSIT RATES: 7. SELECTED EURO-DOLLAR AXC U.S. MC-ivEY MARKET OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR R E S E R V E R E Q U I R E M E N T S 3 - M O N T H E U R O - D C L L A R D E P O S I T RATE U . S . 90-DAY CD'S D I F F E R E N T I A L A D J . FOR R E S E R V E R E Q U I R E M E N T S 8.06 3.50 3.28 4.00 6.13 4.19 0 . 64 8.00 9.55 1.30 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 9.38 RATES U . S . 90-DAY CD'S GERMAN I N T E R B A N K L O A N J A P A N E S E BANK L O A N S & D I S C O U N T S EURO-DOLLAR DEPOSIT C A N A D I A N F I N A N C E PAPER INTERBANK STERLING S W I S S I N T E R B A N K LOAK CHART 7.44 RATES 24 24 MAY 2 4 MAY 2 4 M A Y 2 * MAY 2 4 M A Y •• SERIES . INTEREST LAST VALUE PLCTTFI DATE VALUE NAME ARBITRAGE, 3-MCNTh EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , DIFFERENTIAL U . S . C O M M E R C I A L PAPER CANADIAN FINANCE PAPER, DIFFERENTIAL FUNDS COVERED COVERED EURO-DOLLAR DEPOSIT I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED EURO-DOLLAR DEPOSIT S W I S S I N T E R B A N K , COVERED DIFFERENTIAL CHART 9. LONG TERM GOVERMENT 6 0 NL UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 10. 24 24 24 7,86 6.49 1.37 MAY MAY MAY 24 24 24 7.14 7.60 —0 . 6 6 MAY MAY MAY 24 24 24 7.66 8.21 -0.35 MAY MAY MAY 24 24 24 7.86 7.96 -0.10 MAY 1 9 MAY 5 APRIL APRIL 28 MAY 1 9 MAY 1 2 MAY 5 MAY 5 6.35 5 .. 3 0 5.98 3 .. 4 0 9 ,. 0 9 1 0 .. 5 4 6 ,. 7 7 1 0 .. 5 7 YIELDS CORPORATE AAA BONOS EURO-DM BONDS E U R O - D O L L A R BONDS CHART MAY MAY MAY INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK APRIL MARCH MARCH 8.56 6.36 7.86 INDICES MAY APRIL MAY APRIL MAY MAY MAY 19 21 5 21 5 12 5 1 0 2 .. 1 7 2 7 3 .. 9 9 9 1 .. 6 7 1 0 4 .. 5 0 1 1 4 .. 7 0 7 3 .. 3 7 97.85 / g m , H-l F E D E R A L ° R E S E R V E statistical MAY 3 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 2 6 , release °' 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 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 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRQNA FRANC POUND MAY 22 112.3000 6.52000 3.01300 89.9300 17.4400 23.2225 21.4000 47.0400 11.5400 181.3200 0 . 11455 0.43700 41.5800 4.4050 43.9800 100.2500 18.2400 2.1725 115.0000 1.2264 6.2800 21.3950 50.6300 181.3200 MAY 2 3 (RATE U . S . CENTS ) MAY 2 4 112.4500 6.55000 3.00900 89.8000 17.4600 23.2350 21.3700 46.8700 11.5400 180.9300 0.11445 0.43660 41.5150 4.4050 43.8300 100.5500 18.2600 2.1800 lib.0000 1.2283 6.2800 21.3950 50.6700 180.9300 112.4500 6.52750 3.01000 89.6800 17.4700 23.1900 21.4000 4O.9550 11.5400 181.2200 0.11460 0.43780 41.5100 4.4050 43.9175 100.4000 18.2700 2.1700 115.0000 1.2284 6.2800 21.3500 50.7700 181.2200 MAY 2 5 112.6000 6.53500 3.01700 89.5400 17.5300 23.1450 21.4300 47.1200 11.5400 181.2500 0.11475 0.44280 41.5400 4.4075 44.0200 100.45 00 18.3000 2.1750 115.0000 1.2308 6.2800 21.3700 51.1000 181.2500 MAY 2 6 112 . 3 5 0 0 6.54750 3.01800 89.7700 17.5000 23.1650 21.4650 47.1600 11.6500 181.2400 0.11470 0.44310 41.6000 4.3950 44.0750 100.5000 18.2650 2.1800 115.0000 1.2324 6.2700 21.3500 51.3100 181.2400
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