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Selected Interest & Exchange Rates Weekly Series of Charts NOVEMBER 11,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE J J BOARD OF GOVERNORS ' / J J E D E R A L RESERVE SYSTEM ^Washington, D C. 20551 \ •* ! Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATESH.10 RELEASE 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 7 Chart 1 SPOT EXCHANGE RATES INDEXES O F D O L L A R PRICES O F F O R E I G N C U R R E N C I E S A V E R A G E S FOR WEEK ENDING W E D N E S D A Y 100 120 CANADIAN DOLLAR 90 80 FOREIGN CURRENCY P R I C E OF U.S. D O L L A R Weighted average I I I I I I 100 I JAPANESE YEN FRENCH FRANC 140 140 120 120 100 100 180 180 GERMAN MARK 160 SWISS F R A N C 160 w - 140 140 120 '•:!Q - 100 100 I I I I I I II I II I II I M — 180 DUTCH GUILDER 160 1 BELGIAN FRANC 140 140 1 - 120 120 100 100 I I I I I 120 I ITALIAN LIRA U.K. POUND 100 80 20 •0 I I l i i l i i l i i l i i l i i l i i l i i l n l I I I l I I I I 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY [NT PER ANNUM 6 _ CANADIAN DOLLAR - 0 6 1 1 1 1 1 1 6 PER CENT PER ANNUM SWISS FRANC 0 6 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 12 FRENCH FRANC 6 6 6 12 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY OS, DOLVRS PER FINE.'OUNCE 200 12.5 Kg BARS Afternoon fixing price 150 100 50 30 1972 1974 Chart 4 CALL MONEY RATES WEEKLY SERIES SENT PER ANNUM PER CENT PER Al 15 10 r - 15 ' OVERNIGHT EURO-DOLLARS 10 J A P A N / 5 5 U.S. FEDERAL FUNDS 0 I I I I I I 15 0 I I 11 I I I I I I I l l l l l l l l l l l 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 10 K 15 FRANCEj 10 5 - 0 I I I I I I 5 0 15 15 10 NETHERLANDS CANADA 5 10 5 0 0 20 20 EURO-SWISS FRANC 15 15 10 GERMANY 10 5 5 0 0 EURO-DM 5 I I I 5 < Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER Ah ;ENT PER ANNUM 12 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 8 4 4 I I I I I 20 20 U.K. INTERBANK STERLING 16 16 12 12 8 8 4 4 16 12 12 EURO-DOLLAR 8 SWISS DEPOSIT RATE 8 4 JAPAN Monthly 4 0 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 8 16 16 12 8 4 16 16 12 8 1972 1974 1972 1974 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 15 — PER CENT PER ANNUM | FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro-dollar deposits 6 0 - 8 9 DAY CD's 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1 1972 Favors Borrowing in U.S. if Positive 1974 1972 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER Ah ENT PER ANNUM 20 INTERBANK DM, COVERED Frankfurt - 15 EURO-DOLLAR DEPOSITS 10 10 5 5 INTERBANK STERLING, • , x COVERED London EURO-DOLLAR DEPOSITS ' z11 J w V l l l t / 0 0 A w\' x ' v| 7/ 4 DIFFERENTIAL wYV\,/ 5 \ 10 5 1 Jl'1 I 'I ' ' V P 10 DIFFE RENTIAL 15 15 20 20 15 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 15 10 10 5 5 U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF), COVERED 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 1972 1974 1972 1974 Chart 9 \\ LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PENT PER ANNUM P f t CENT PER ANNUM 9 £*10/11-7.87 10/18-7.84 UNITED STATES CANADA 7 5 12 12 GERMANY FRANCE 10 8 / JAPAN Industrial NETHERLANDS 6 10 UNITED KINGDOM 8 SWITZERLAND 6 12 12 „ U.S. CORPORATE Monthly „ U.S. CORPORATE Monthly Euro—Dm bonds 10 Euro—dollar bonds Aaa bonds 8 t 8 1972 1974 1972 1974 \ Chart 10 I INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 240 180 UNITED STATES 100 60 I 320 |— 160 UNITED KINGDOM 120 JAPAN 160 80 40 200 150 150 SWITZERLAND 100 100 "V 50 240 240 180 180 FRANCE General index GERMANY 100 100 1972 1974 1972 1974 V SERIES CHART 1. SPOT NAME EXCHANGE RATES U . S . D O L L A R , WEIGHTED J A P A N E S E YEN GERMAN MARK 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 I T A L I A N LIRA 2. LAST VALUE PLOTTED DATE VALUE 3 - M O N T H FORWARD AVERAGE GOLD U.S. CHART 4 . PRICE DOLLAR CALL IN PER 93.844 119.877 142.788 137.711 97.544 109.811 119.544 153.166 131.377 93.811 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 6 6 6 6 6 6 6 -0.244 —6.000 0.866 -5.088 1.177 0.966 -1.966 NOV. 6 171.155 NOV. 6 NOV. 6 OCT. 25 O C T . 2F NOV. 1 NOV. 1 OCT. 25 OCT. 11 OCT. 25 NOV. 1 9 .633 9 .133 11 . 1 3 3 Re 45 5 8 .500 8 .922 12 . 5 0 0 13 . 1 3 3 7.811 0 ,. 9 6 6 LONDON FINE OUNCE MONEY R A T E S U . S . F E D E R A L FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL A U T H O R I T Y D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS E U R O - S W I S S FRANC 5. 6 6 6 6 6 6 6 6 6 6 EXCHANGE R A T E S C A N A D I A N DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC S W I S S FRANC DUTCH G U I L D E R J A P A N E S E YEN 3. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN I N T E R B A N K LOAN J A P A N E S E C O M P O S I T LOAN EURO-DOLLAR D E P O S I T C A N A D I A N F I N A N C E COMPANY INTERBANK STERLING SWISS DEPOSIT PAPER NOV. NOV. AUG. NOV. NOV. NOV. SEPT. 6 6 30 6 6 6 11 a , .PAR 9 ., 4 2 2 9 .. 3 0 0 1 0 ., 0 0 0 1 0 ., 6 5 * 11 7. . 4 8 8 ,000 . yu] " SERIES CHART 6. EURO-DOLLAR LAST VALUE PLOTTED DATE VALUE NAME DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . INTEREST 9.133 8.711 9.633 10.000 9.966 9.611 NOV. NOV. NOV. NOV. NOV. NOV. 6 6 6 6 6 6 9.133 9.633 0.299 10.000 8.888 1.222 NOV. NOV. NOV. 6 6 6 10.000 7.488 2.533 NOV. NOV. NOV. 6 6 6 9.000 10.411 -1.411 NOV. NOV. NOV. 6 6 6 10.000 10.288 -0.288 NOV. NOV. NOV. 6 6 6 10.000 1.177 8.833 MONEY MARKET R A T E S OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . F E D E R A L FUNDS D I F F E R E N T I A L A D J . FOR RESERVE R E Q U I R E M E N T S 3 - M O N T H E U R O - D O L L A R D E P O S I T RATE U . S . CD'S ( 6 0 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE R E Q U I R E M E N T S 8. 6 6 6 6 6 6 NOV. NOV. NOV. NOV. NOV. NOV. ARBITRAGE, 3-MONTH EURO-DOLLAR D E P O S I T INTERBANK STERLING (LONDON), DIFFERENTIAL U . S . COMME RCIA L PAPER CANADIAN FINANCE CO. PAPER, DIFFERENTIAL EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , DIFFERENTIAL FUNDS COVERED COVERED COVERED COVERED \*> SERIES CHART 9. LAST VALUE PLOTTED DATE VALUE NAME LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 10. 7 .822 10.744 10.188 7 ,• 4 1 1 9 ,• 3 3 3 1 1 ,• 0 0 0 9. , 4 7 7 1 6 .• 4 2 2 SEPT. SEPT. SEPT. 27 27 27 9.244 1C.000 10.311 NOV. OCT. OCT. OCT. OCT. OCT. OCT. 1 25 25 11 25 25 25 76.311 174.399 90.722 81,600 47.31) 57.277 70.522 CORPORATE AAA BONDS EURO-OM BONDS E U R O - D O L L A R BONDS CHART NOV. 1 OCT. 25 AUG. 3 0 SEPT. 27 OCT. 25 OCT. 4 OCT. 25 OCT. 2 5 INDUSTRIAL STOCK UNITED STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY INDEXES FEDERAL RESERVE H.IO NOVEMBER 8, 1974 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER '8, 1974 The Board of Governors of the Federal Reserve System Is advised that the Federal Reserve IBank 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 ( 1 ) SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT NOV. DOLLARS SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 130.8500 5.47000 2.62950 101.6800 16.8200 27.0000 21.3500 39.1200 12.4000 234.3000 0.15020 0.33280 42.0000 8.0000 38.1400 130.0000 18.2100 3.9600 142.7500 1.7440 14.9800 22.9500 35.2600 234.3000 (1) SRI LANKA 4 NOV. 5 (PATE U . S . CENTS) NOV. 6 H 0 L I D A Y PREVIOUSLY KNOWN AS CEYLON 130.8500 5.49000 2.63100 101.4700 . 16.8600 27.0000 21.4100 39.1900 12.4000 234.7200 0.15050 0.33280 43.0000 8.0000 38.1500 130.0000 18.2300 3.9600 142.7500 1.7450 14.9P00 23.0000 35.5000 234.7200 NOV. 7 131.1000 5.50000 2.63300 101.3800 16.9000 26.6500 21.4250 39.4100 12.4000 234.6400 0.15070 0.33360 43.0000 8.0000 38.2000 130.2500 18.2600 3.9700 142.7500 1.7470 14.9800 23.0300 35.8700 234.6400 NOV. 8 . 131.1000 5.49000 2.62000 101.2100 16.6800 26.5900 21.3200 39.2000 12.4500 233.5000 0 . 15000 0.3337C 43.1500 8.0000 37.9700 130.8000 18.2600 3.9500 143.6400 1.7440 14.9800 22.9700 35.7400 233.5000
@FedFRASER