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Selected Interest 8v Exchange Rates NAfeekly Series of Charts NOVEMBER 15,1976 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 1 3 5 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 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 a 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 (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY — 100 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 I I I — A\ JAPANESE YEN FRENCH FRANC 7 J v ||||||||||| 1 1 1 1 1 1 1 200 — — 200 r - 160 - . / 140 GERMAN MARK 1 /V SWISS FRANC J I , y '^ZxTZz^ — / U ' 1 1 L _ 1 1 1 - i L 7/ r- 11111 l l 1111 U 1 V 1 z- V — 160 . A V A / 7 / \ A - / " / r -J 160 „ - / ./y 100 180 A 180 / \/ / 140 / ; - 120 11111111111 100 i I I 1 1 II111111111 DUTCH GUILDER BELGIAN FRANC 1 S / v , —' J r\j - / < y 100 - 1 1 W 1 1 | 1 1 " i i i Y i ii 1 120 U.K. POUND f "V^N An I \ v - . II " \ I I I I ^ I . _ I \ \ V I i - VV V I - I T A L I A N LIRA " V ^ - v w - I 1 1 I 1 1974 1 IIIMIIIIM lllllllllll 1976 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY ;NT PER ANNUM 6 CANADIAN DOLLAR 0 6 PER CENT PER ANNUM SWISS FRANC 0 / Vx- 6 - I 12 I I I I lllllllllll I 111111 DUTCH GUILDER 12 GERMAN MARK 6 0 6 I I I I I I I 6 FRENCH FRANC — 0 6 _LJL _L_L ~ JAPANESE YEN 2 per cent on scale equals 1 per cent on all others / :i i i ;I i I 1974 r Y I lllllllllll 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT 15 f— OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 10 5 0 15 15 NETHERLANDS 10 CANADA 5 0 20 20 EURO-SWISS FRANC 15 GERMANY 10 5 0 EURO-DM 5 1974 1976 1974 1976 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 4 16 16 6-MONTH 7-DAY 12 8 16 16 1-MONTH 1-YEAR 12 8 4 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 5 90 DAY CD's 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER AF :ENT PER ANNUM 20 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 EURO-DOLLAR DEPOSITS 5 0 DIFFERENTIAL DIFFERENTIAL 5 V7 v 10 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 15 SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL / I I I llllllllllllll 1974 5 \\ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 CANADA UNITED STATES 7 5 12 , JAPAN \ Industrial 10 8 SWITZERLAND GERMANY 6 14 12 18 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 12 12 U.S. CORPORATE Monthly 10 U S. CORPORATE Monthly Aaa bonds 8 Euro-dollar bonds Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969=100 180 UNITED STATES 100 60 45 140 400 300 UNITED KINGDOM JAPAN 200 60 35 100 140 240 180 100 SWITZERLAND CANADA 60 100 60 35 180 180 FRANCE General Index 100 1974 100 GERMANY 60 45 1976 1974 1976 v> SERIES NAME LAST VALUE PLOTTED DATE 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 CHART 2 . NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 10 10 10 10 10 10 10 10 10 10 91.15 122.22 151.37 143.32 67.72 110.96 111.41 179.08 134.63 72.22 3—MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 10 10 10 10 -4.05 -10.53 0.99 -7.26 3.16 -3.34 -0.49 NOV. 10 129.86 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 10 10 10 CHART 3 . 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 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC NOV. NOV. NOV. NOV. NOV. OCT. NOV. NOV. NOV. OCT. 10 10 12 5 12 29 12 12 5 29 4.98 5.02 14.63 9.20 3.40 2.99 6.75 10.31 8.82 3.11 NOV. NOV. SEPT. NOV. NOV. NOV. NOV. 10 10 5.00 4.56 8.21 5.31 9.38 14.81 4.50 CHART 5 . 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 10 10 10 10 SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 10 10 10 10 10 10 5.02 4.83 4.94 5.31 5.73 6.05 10 10 10 10 10 10 5.02 4.98 0.25 5.31 5.00 0.21 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. 10 NOV. 10 NOV. 10 5.31 4.29 1.03 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL NOV. 10 NOV. 10 NOV. 10 5.08 5.33 -0.25 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. 10 NOV. 10 NOV. 10 5.31 5.55 -0.24 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL NOV. NOV. NOV. 5.31 7.66 -2.35 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 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 . NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. INTEREST ARBITRAGE, 3-MONTH FUNDS 10 10 10 \£; SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. LAST VALUE PLOTTED DATE VALUE NOV. 5 NOV. 5 AUG. 5 NOV. NOV. 5 OCT. 22 NOV. 5 NOV. 5 7,40 7.54 8.72 4.51 9.09 10.54 8.20 14.83 CORPORATE AAA BONDS EURO—DM BONDS EURO-DOLLAR BONDS SEPT. SEPT. SEPT. 8.38 7.31 8.00 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. OCT. OCT. OCT. OCT. NOV. OCT. 5 29 29 22 29 5 29 106 . 5 3 231 .65 92 .99 90 . 3 1 65 . 9 1 67 .26 86.27 :h^*» , g f c - . F E D E R A L H.10 -*. s t a t i s t i c a l R E S E R V E NOVEMBER 1 6 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 1 2 , r e l e a s e 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 AFRICA SPAIN S R I 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 PESATA RUPEE KRONA FRANC POUND 122.7400 5.82000 2.697*0 102.7600 16.9300 25.9900 20.0700 41.430d 11.0500 161.5500 0.11560 0.34040 39.5100 4.0300 39.6900 95.4200 18.9000 3.1800 114.8500 1.4630 11.4500 23.5900 40.9800 161.5500 8 NOV. 9 (RATE U . S . CENTS) NOV. 10 122.8800 5.82000 2.68600 102.7400 16.8800 26.0200 20.0600 41.3600 11.0500 162.8200 0.11550 0.33980 39.5400 4.0300 39.5500 95.3900 18.8600 3.1800 114.8500 1.4628 11.4500 23.5800 40.9400 162.8200 122.6600 5.82000 2.69300 102.4400 16.8900 26.0100 20.0500 4 1 . 3 900 11.0500 163.3300 0.11540 0.33970 39.5600 4.0700 39.5500 95.8300 18.6200 3.1800 114.8500 1.4628 11.4500 23.6100 41.0000 163.3300 NOV. 1 1 H 0 L I D A Y NOV. 12 122.8100 5.82000 2.69700 102.3100 16.9300 26.2100 20.0600 41.4200 11.1000 162.8000 0.11550 0.33940 39.5000 4.0400 39 . 5500 95.6500 18.9100 3.1700 114.9500 1.4620 11.4500 23.6500 40.9500 162.8000 < f
@FedFRASER