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s - f f 0 I" (516/517) D&1& F \ L t r%% Selected Interest & Exchange Rates Weekly Series of Charts November 13,1979 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 INDICES 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 INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 120 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 CANADIAN DOLLAR LL 60 180 — 160 — GERMAN MARK FRENCH FRANC A — . 60 140 120 I 100 I II J I l II I I I I I I I 160 • ^ — 140 JAPANESE YEN SWISS FRANC J f — \ 120 100 # I 80 I I I I I I _ 160 „ BELGIAN FRANC DUTCH GUILDER 140 A / - 120 140 A # 1 - ^ - 120 100 100 I # 160 — I I I I I MlllllllM I I I IIIIIII III I —1 100 100 ITALIAN LIRA U.K. POUND 80 A j i X - 80 — 60 - 60 i • V A — # / i i I ' I 1977 I 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 6 — CANADIAN DOLLAR ITALIAN LIRA + 0 24 6 6 U. K. POUND DUTCH GUILDER + 0 6 12 18 16 12 GERMAN MARK SWISS FRANC 6 6 FRENCH FRANC JAPANESE YEN 0 6 12 1977 1979 1977 1979 10/19/79 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 450 450 — 400 400 - 350 - - 350 12.5 Kg BARS AFTERNOON FIXING PRICE 300 - 250 - 200 - 300 - 250 200 - 150 150 I I I I I I 100 100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 18 18 14 12 10 OVERNIGHT EURO-DOLLARS JAPAN - — U.S. FEDERAL FUNDS I 14 I - \ I I I I I i l l 11 h i l i i I i U.K. 2-DAY LOCAL AUTHORITY NETHERLANDS 10 - I I I I I I 1 12 CANADA f FRANCE I! r i i i 1 1 1 1 1 1 1 1 1 EURO-SWISS FRANC GERMANY - V r I ~ — 1 EURO-DM 1 1 1 | | 1977 | l l l l l l l l l l l 1979 1977 1979 12 — CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.K. INTERBANK STERLING 12 - U.S. 8 CD'S - WEIGHTED AVERAGE FOREIGN RATE 4 I I I iii i — i 10 — 10 JAPANESE BANK LOANS AND DISCOUNTS J GERMAN INTERBANK RATE - L"! S r-y - — 2 I I I I I "A/ i t I 11 i I I - I 17 SWISS INTERBANK RATE CANADIAN FINANCE CO. PAPER 11 rt k A# / - I I I I I 1977 I I 1979 I I I'M 1677 I 1979 — CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 16 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 1977 1979 1977 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 16 14 12 - 10 - OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH E U R O - D O L L A R DEPOSITS 8 v" RAL FUNDS /90-DAY CD'S DASHED LINE ( i i I i i I i i I i i 1 - i i I i i I i i I i i DIFFERENTIAL </V FAVORS BORROWING IN U. S. IF POSITIVE I I I I I I I I 1979 1977 L DASHED LINE I i i I i i DIFFERENTIAL ADJUSTED FOR RESERVE REQUflEMENTS I I I N I I I I I I J I I I U v I / A y VvVV^rA/A/VAV*/ I 1977 I X 11111111111 WvZ4- II111111111 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUSC+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 18 20 - 16 EURO-DOLLAR DEPOSITS 14 CANADIAN FINANCE CO. PAPER, COVERED 12 16 12 INTERBANK STERLING COVERED LONDON r DIFFERENTIAL A AA.A U.S. COMMERCIAL PAPER A DIFFERENTIAL ' 18 16 - . A 14 - SWISS INTERBANK (SF) COVERED ll 12 INTERBANK DM Nf COVERED FRANKFURT f 10 \niAjJj z^/rj\ v — r \ 8 * jj! /V EURO-DOLLAR DEPOSITS DOLLAR DEPOSITS 6 4 DASHED LtNE I I I \ I I I | |||||||||| DIFFERENTIAL DIFFERENTIAL 1977 1979 1977 1979 - 10 - 8 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER 13 12 UNITED STATES 11 10 CANADA 8 9 6 7 10 7 SWITZERLAND 5 8 GERMANY 6 3 4 1 16 13 FRANCE UNITED KINGDOM 11 14 9 12 7 10 NETHERLANDS 5 11 8 U.S. CORPORATE MONTHLY MONTHLY 11 Aaa BONDS 9 9 JAPAN 7 EURO-DOLLAR BONDS 7 5 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALI 1969=100 RATIO SCALE 1969=100 200 140 UNITED STATES 120 A A A v V - A / 100 UNITED KINGDOM - - r*L . — 80 ~ i i I i I t 11111111111 I 160 - /A A / V ^ \ "A / - i 120 100 J\l M i — /VJ A — JAPAN 1 \ — 80 - 60 Illllllllll i 100 140 CANADA 120 SWITZERLAND DISCONTINUED SERIES — 60 100 — 60 80 1 1 1 1 1 1 Illllllllll FRANCE GENERAL INDEX GERMANY 1977 1979 1977 1979 SERIES NAME LAST VALUE PLOTTED DATE VALUE jCfllST 1? SPOT EXCHANGE RATES AND INDICES 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 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 55.82 0.42109 50.23 207.80 84.35 23.81 60.87 3.45723 0.12060 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 157.02 110.25 144.19 84.05 84.07 107.31 195.84 136.23 68.51 INDICES, MARCH 1973 BASE RATES = 1 0 0 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 INDICES, MAR 1973 ( G - 1 0 COUNTRIES PLUS SWITZERLAND) 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 LIRA SWEDISH KRONA CHART 2 . NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 88.58 153.04 100.23 133.55 74.29 74.84 97.26 180.99 125.23 60.05 . 94.64 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA 100 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 1.21 0,51 6.69 1.24 12.02 5.35 7.90 -1.23 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE U.S. CHART 4 . I N LONDON, AFTERNOON F I X I N G 7 382.32 NOV. 7 7 NOV. 9 NOV. 9 NOV. 9 NOV. 9 NOV. 9 NOV. 9 NOV. OCT. 19 9 NOV. 13.77 14.55 13.00 11.93 7.80 7.88 7.50 12.13 8.13 0.85 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 14.53 9.66 7.97 14.44 14.83 3.80 10.76 NOV. DOLLARS PER FINE OUNCE 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 . 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 7 EURO-DOLLAR DEPOSIT RATES: LONDON SELECTED EURO-DOLLAR AND U . S . 14.55 13.93 15.13 15.68 15.28 14.21 NOV. NOV. NOV. NOV. NOV. NOV. OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 7 7 7 7 7 MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS NOV. NOV. NOV. 7 7 7 14.55 13.77 0.78 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL NOV. NOV. NOV. 7 7 7 15.68 14.53 1.15 SERIES NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV, NOV. NOV. U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL NOV. NOV. NOV, EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV, NOV. NOV. EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL NOV, NOV. NOV. CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 9 NOV. NOV. 2 OCT. OCT. 26 9 NOV. SEPT. 14 OCT. 19 NOV. 2 10.87 8.09 8.41 3.50 11.25 11.65 8.66 11.81 OCT. DEC. SEPT. 10.13 6.63 9.27 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. 9 9 NOV. DEC. 29 OCT. 19 9 NOV. 9 NOV. NOV. 2 105.49 293.81 113.81 144.50 99.60 76.67 95.70 FEDERAL RESERVE statistical release H.101512) NOVEMBER 1 4 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 9, 1979 1979 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 SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT NOV. 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 109.6500 7.77152 3.45423 84.2957 18.8761 26.2433 23.8209 55.8098 12.0000 206.8500 0.12069 0.42176 45.6413 4.3725 50.2386 96.6000 19.9382 1.9743 120.5500 1.5090 6.4000 23.5849 60.7349 206.9000 NOV. 5 H 0 L I D A Y 1 ( RA1 E U . S . NOV. 6 CENTS 7 109.5000 7.78816 3.45781 84.3954 18.9466 26.2708 23.8464 55.9911 12.0800 207.4000 0.12080 0.41632 45.6308 4.3725 50.4032 96.7500 19.9402 1.9822 120.5500 1.5022 6.4000 23.5932 61.1995 210.5500 NOV. 8 109.4000 7.76398 3.44828 84.3313 18.8679 26.2708 23.7937 55.7880 12.1200 206.3000 0.12048 0.41442 45.6100 4.3706 50.2260 96.5000 19.8531 1.9802 120.5500 1.5010 6.4000 23.5294 60.7718 208.5000 NOV. 9 109.1800 7.75194 3.44471 84.0689 18.8537 26.2157 23.7614 55.7103 12.0800 206.3500 0.12042 0.41059 45.7247 4.3725 50.1128 96.4500 19.8059 1.9775 120.5500 1.5008 6.3900 23.4852 60.4961 209.1000
@FedFRASER