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3 -5"Usnry#<jtZ~-*L- # ;S i W'V." Selected Interest & Exchange Rates Weekly Series of Charts NOVEMBER 18,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 1 / BOARD.OF GOVERNORS ^HSSQfERAL RESERVE SYSTEM Washington, D.C. 20551 yy 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 RATES-H.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 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES I N D E X E S 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 W E E K E N D I N G W E D N E S D A Y SCALE Y=100 100 120 CANADIAN DOLLAR 90 80 FOREIGN CURRENCY . PRICE OF U.S. D O L L A R Weighted average j I I I I I I I 100 I I I I I I JAPANESE YEN 140 RENCH F R A N C 140 v~v: 180 120 100 100 i i i 180 180 160 GERMAN MARK SWISS F R A N C 160 140 140 120 120 - 100 100 I 180 DUTCH GUILDER I I I I - I i i I n I: i I n ..IMIMI.I —I - BELGIAN FRANC 140 140 A: 120 100 • z I I I I I T " A ^ 100 l l l l l h i l l l ITALIAN LIRA i l l 120 100 120 eo 160 I I 1§71 I < \ , : 120 100 11111111111 l l l l l l l l l l l 1974' eo Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY ,pER 6 [NT PER ANNUM CANADIAN DOLLAR 0 6 6 PER CENT PER ANNUM U.K. POUND SWISS FRANC GERMAN MARK DUTCH GUILDER 0 6 12 12 6 0 6 12 FRENCH FRANC 6 0 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 U.S. DOLLARS PER FINE OUNCE 200 12.5 Kg BARS „ Afternoon fixing price 150 100 50 30 1972 1974 k Chart 4 CALL MONEY RATES WEEKLY SERIES BE t5 Ft* CEXT PE* « DENT PER ANNUM 15 OVERNIGHT EURO-DOLLARS 10 10 JAPANJ 5 5 U.S. FEDERAL FUNDS 0 I I I I i I I I li I I I I I 0 20 15 - 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 - FRANCE. 10 10 5 - 0 I I I I I 0 I 15 15 10 5 5 10 NETHERLANDS CANADA 5 0 0 20 20 EURO-SWISS FRANC 15 15 10 10 GERMANY 5 5 5 0 EURO-DM 5 i , i 11,; Illllillll 1972 5 1974 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 20 . U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 EURO-DOLLAR SWISS DEPOSIT RATE JAPAN Monthly 1 1972 1974 Illllllllll 1972 1974 g ' [ Chart 6 § EURO-DOLLAR DEPOSIT RATES London ? AVERAGES FOR WEEK ENDING WEDNESDAY | 16 OVERNIGHT 3-MOIMTH 12 6 16 16 7-DAY 6-MONTH 12 8 16 16 1-MONTH 1-YEAR 12 8 1972 llllllll 1974 1972 1971 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 15 — g PER CENT PER ANNUM FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro-dollar deposits 6 0 - 8 9 DAY CD': 5 ' 1 /"Vl 0 DIFFERENTIAL Adjusted for reserve requirements 1972 Favors Borrowing in U.S. if Positive 1974 DIFFERENTIAL Adjusted for reserve requirements 1972 1974 ) Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+). INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM ENT PER ANNUM 20 INTERBANK DM, COVERED Frankfurt E U R O - D O L L A R DEPOSITS I 10 5 INTERBANK STERLING, ; u , j \i\ A COVERED London i ,_»« EURO-DOL !LAR DEPOSITS iu\ ,A 0 J A / DIFFERENTIAL I/- / I " . ,",J'1/ ' v/ 5 ' V DIFFERENTIAL 10 I I I I I I I I I 11 M I I I I I I I I 15 20 15 CANADIAN FINANCE CO. PAPER, COVERED E U R O - D O L L A R DEPOSITS 10 5 COMMERCIAL PAPER SWISS DEPOSITS (SF), COVERED , 0 DIFFERENTIAL 5 V DIFFERENTIAL w Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 12 GERMANY FRANCE 10 8 y JAPAN Industrial NETHERLANDS 6 10 UNITED KINGDOM 8 SWITZERLAND 6 4 1L 12 12 __ U.S. CORPORATE Monthly - U.S. CORPORATE Monthly Euro—Dm bonds 10 Aaa bonds a 6 1 1,1 Euro—dollar bonds 111 l i i l u l 11 1 i 1 I I 1 I 1 1 I L. 1972 1974 Chart 10 ] 5- INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 240 180 UNITED STATES 100 320 240 160 UNITED KINGDOM 120 JAPAN 80 160 40 200 —I 200 15C CANADA SWITZERLAND 100 100 240 240 180 18C FRANCE General index GERMANY 100 100 1 1972 1974 1972 1974 \5 SERIES NAME CHART 1 . LAST VALUE PLOTTED DATE VALUE 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. 13 13 13 13 13 13 13 13 13 13 83.966 120.022 143.355 137.633 96.700 109.322 118.299 155.766 131.100 93.788 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . DOLLAR PER F I N E OUNCE 1.288 1.455 -2.088 NOV. 13 181.500 NOV. 13 NOV. 13 NOV. 8 NOV. 1 NOV. 8 NOV. 8 NOV. 1 OCT. 1 1 NOV. 1 NOV. 8 9 .377 9 ,, 4 1 1 1 0 ,, 6 3 3 8 ,, 5 0 0 8 ,, 5 0 0 8 ,, 3 5 5 1 2 ., 5 0 0 1 3 ., 1 3 3 7 ., 0 0 0 4 . 133 NOV. 13 NOV. 13 SEPT. 27 NOV. 13 NOV. 13 NOV. 13 OCT. 9 8.755 9.044 9.266 9.899 10.477 11.511 7.000 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 CHART 5 . -0.211 -4.699 1.499 -5.733 GOLD PRICE I N LONDON U.S. CHART 4 . NOV. 13 NOV. 13 NOV, 13 NOV. 13 NOV. 13 NOV. 1 3 NOV. 13 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSIT LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 9 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 13 13 13 13 13 13 9.411 9.300 9.233 9.899 9.766 9.500 NOV. 13 NOV. 13 NOV. 13 NOV. 13 NOV. 13 NOV. 13 9.411 9.377 0.866 9.899 8.755 1.244 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL NOV. NOV. NOV. 13 13 13 9.899 6.833 3.066 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL NOV. NOV. NOV. 13 13 13 9.000 10.266 -1.266 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL NOV. NOV. NOV. 13 13 13 9.899 10.533 —0.644 OCT. OCT. .OCT. 9 9 9 CHART 7 . SELECTED EURO-DOLLAR NOV. NOV. NOV. NOV. NOV. NOV. AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS 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 DEPOSIT RATE U . S . C D ' S ( 6 0 - 6 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS COVERED EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL 12.038 8.544 3.494 SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 8 NOV. NOV. 1 AUG. 3 0 4 OCT. NOV. 1 4 OCT. NOV. 1 NOV. 1 7.766 10.655 10.188 7.422 9.200 11.000 9.066 17.077 SEPT. 2 7 SEPT. 27 SEPT. 27 9.244 10.000 10.311 NOV. 1 OCT. 25 NOV. 1 OCT. 1 1 OCT. 2 5 NOV. 8 NOV. 1 76.311 174.399 92.111 81.600 47.311 55.677 71.577 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE I N D U S T R I A L STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY RESERVE H.10 NOVEMBER 1 5 , 1974 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 1 5 , 1974 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 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 NOV. H 0 L I D A Y 11 NOV. 12 (RATE U . S . CENTS) NOV. 13 131.0000 5.26000 2.61700 101.0200 16.8200 26.6500 21.2400 38.9600 12.4500 229,9000 0.14990 0.33300 43.2500 8.0000 37.8400 130.8000 18.1600 3.9700 143.6400 1.7440 14.9800 2 3.0000 35.2700 229.9000 130.3000 5.49000 2.61800 100.8800 . 16.8100 26.5700 21.2500 39.1000 12.4500 230.3000 0.14960 0.33320 43.2500 8.0000 38.0700 130.8000 18.1600 3.9400 143.6400 1.7415 14.9800 22.9600 35.6000 230-3000 NOV. 14 130.5500 5.52000 2.65250 101.0200 16.9300 26.6700 21.3400 39.7000 12.4500 231.3500 0.15010 0.33300 43.3000 8.0000 38.3800 130.8000 18.2900 3.9600 143.6400 1.7475 14.9800 23.1300 36.6200 231.3500 NOV. 15 131.0000 5.60000 2.65300 101.1300 16.9900 26.6700 21.2900 39.8700 12.3500 231.4500 0.14960 0.33340 43.6500 8.0000 38.3700 130.8000 18.4100 4.0000 143.7500 1.7525 14.9500 23.2000 36.9000 231.4500
@FedFRASER