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Selected Interest & Exchange Rates Weekly Series of Charts (NOVEMBER 14, 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 RATESH.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 DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1 9 7 0 PARITY=100 RATIO SCALE MAY 1970 PARITY=100 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR - 100 80 FRENCH FRANC JAPANESE YEN - 120 100 200 SWISS FRANC 180 - GERMAN MARK — 160 - 140 -f 120 I I " I DUTCH GUILDER BELGIAN FRANC 100 ITALIAN LIRA U.K. IPOUND \ - 80 60 — I I I I" I 1975 I 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM 6 + AA CANADIAN DOLLAR 0 - 6 PER CENT PER ANNUM 0 U. K. POUND DUTCH GUILDER GERMAN MARK SWISS FRANC 6 12 18 6 + 0 6 6 JAPANESE YEN 0 2 PER CENT ON SCALE E Q U A L S 1 PER CENT ON A L L OTHER FRENCH FRANC 6 - 12 12 24 1975 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 OUNCE 200 200 180 - 160 - 140 - 180 12.5 Kg BARS AFTERNOON FIXING PRICE 160 140 120 100 - - 120 100 I I I I I I I I 1975 1977 80 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS Vvv JAPAN - OVERNIGHT EURO-DOLLARS - I I I II I II I I I - - U.K. 2 - D A Y LOCAL AUTHORITY - V I CANADA I FRANCE kJ I NETHERLANDS u EURO-DM GERMANY 1975 EURO-SWISS FRANC 1977 1975 1977 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER PER ANNUM CENT PER EURO-DOLLAR 12 CANADIAN FINANCE CO. PAPER 8 CD'S 4 18 U.K. INTERBANK STERLING 14 GERMAN INTERBANK RATE 10 6 4 JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE 4 + 0 I I II I II I I I 1975 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 1975 1977 1975 1977 CHART 7 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 DEPOSITS 8 FEDERAL FUNDS DASHED LINE 90-DAY CD'S rj DASHED LINE 4 DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR 1975 FAVORS BORROWING IN U . S . IF POSITIVE RESERVE FOR RESERVE REQUIREMENTS REQUIREMENTS 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM /!/1 PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 12 INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT — 6 6 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I I I I III I I I CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 - 6 - 12 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL —z>v\JW\vv — DIFFERENTIAL iiliiIiiIiiIiiIiiliiIii Mill 1975 1977 1975 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER 9 :ENT PER ANNUM PER CENT PER A - CANADA UNITED STATES 10 - 7 5 8 I I I I N I I I I I I I M 6 11 7 \ 7 ^ * \ 8 JAPAN INDUSTRIAL v\ SWITZERLAND 9 6 GERMANY 7 4 5 2 13 18 11 16 UNITED KINGDOM FRANCE 9 14 7 12 NETHERLANDS 5 10 12 U. S. CORPORATE 11 MONTHLY U. S. CORPORATE MONTHLY / \ . Z / V . EURO-DOLLAR BONDS 10 9 Aaa BONDS 8 EURO-DM 7 BONDS 6 5 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES SCALE 00 - - UNITED STATES - RATIO S C A L E 1969=100 140 I II!IIIIIII UNITED KINGDOM — 100 JAPAN 200 60 160 120 180 100 140 SWITZERLAND - X CANADA vx - 80 100 60 80 - 60 I I I 40 180 180 140 FRANCE GENERAL - 140 - 100 - 80 INDEX GERMANY 100 80 60 1975 60 1977 1975 1977 SERIES NAME LAST VALUE PLOTTED LALFC VALUE 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 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 9 9 9 9 9 9 9 9 9 9 87.70 145.08 162.21 146.63 75.27 97.43 114.36 196.90 141.45 71.12 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 9 9 9 9 9 9 9 -0.47 1.80 3.27 -4.02 5.21 1.83 3.14 NOV. 9 164.10 9 NOV. 9 NOV. 4 NOV. NOV. 4 4 NOV. NOV. 4 4 NOV. 4 NOV. OCT. 28 4 NOV. 6.58 6.80 3.75 7.25 3.95 3.84 4.63 8.75 3.76 0.52 9 9 9 9 9 9 9 6.60 4.09 5.25 7.23 7.38 4.83 2.02 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE 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 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN NOV. NOV. NOV. NOV. NOV. NOV. NOV. LAST VALUE PLOT I L L u A Tc ValLC S E R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 9 6.OL 5.9c c.?9 7.23 7.44 7 . 56 NOV. NOV. NOV. NOV. NOV. NOV. 9 9 9 9 9 9 6.60 6.56 0.50 7.23 6.60 0.51 NOV. NOV. NOV. 9 9 9 7.23 6.63 0.60 U . S . COMMERCIAL PAPER C A N A D I A N FINANCE C O . PAPER, COVERED DIFFERENTIAL NOV. NOV . NOV. 9 9 9 6.57 6.90 -0.33 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 NOV. NOV. NOV. 9 9 9 7.23 7.36 - 0 . 13 NOV. NOV. NOV. 9 9 9 7.23 7.23 -0.01 J, NOV . NOV. NOV. NOV. NOV. NOV. SELECTED EURO-DOLLAR AND U . S . INTEREST ARBITRAGE, 3 - M O N T H FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVERED DIFFERENTIAL 9 MONEY MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S 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 D E P O S I T 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 i. 9 9 S 9 COVERED COVERED SERIES NAME „HART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM NOV. OCT. OCT. OCT. NOV. OCT. OCT. NOV. 4 28 26 4 21 28 4 7 ,. 6 5 5,. 7 1 6 .. 7 2 3 .. 6 5 8 . .72 10., 7 5 7 . .12 10..08 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . SEPT. SEPT. SEPT. 7.92 6.56 7.52 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. OCT. OCT. OCT. NOV. OCT. OCT. 4 14 14 14 4 21 28 9 3 .. 9 1 2 5 1 .. 9 1 8 5 .. 6 1 8 7 .. 7 0 113. , 4 4 7 6 . . 17 9 7 .. 6 6 F E D E R A Me 10 L R E S E R V E s t a t i s t i c a l r e l e a s e NOVEMBER FOREIGN EXCHANGE RATES FUR THE WEtK ENDING NOVEMBER 11, 15, 1977 1977 T-he 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: uLUNTRY MONETARY UNIT NOV. AUSTRALIA AH S I k 1 A bt lGIUM CANADA DENMARK FINLAND FRANufc GEKMANY INUIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S K I LANKA SWEDEN SWITZER LAND U N I T t u KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PfcSATA RUPEE KRONA FRANC POUND 112.5000 6.2*250 2.82600 90.2000 16.3650 24.0500 20.5400 44.2250 11.5000 1BO.3300 0.11360 0.40210 41.6500 4.4100 40.9400 98 . 6 5 0 0 18.2300 2.4575 114.9000 1.2038 11.6300 20.8150 44.9600 160.3300 7 NOV. H 0 L 1 0 A Y 6 (RATE U . S . NOV. CENTS) 9 112.6500 6.22500 2.61700 89.8000 16.3500 24.0900 20.4950 44.2500 11.5000 160.9000 0.11374 0.40470 41.6600 4.4100 40.9*00 99.7000 16.1800 2.4575 114.9000 1.2024 11.6300 20.6200 44.9600 160.9000 NOV. 10 112.5600 6.24250 2 *o1900 90.1400 16.3200 23.9800 20.5200 44.5300 11.5000 161.9500 0.11375 0.40620 41.7000 4.4100 41.2600 99.3000 16.2000 2.4575 115.0500 1.2031 11.6300 20.6500 45.2200 161.9500 NOV. H 0 L I 0 A Y 11
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