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y . Selected Interest & Exchange Rates Weekly Series of Charts NOVEMBER 21, 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 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 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 MAY RATIO SCALE 1 9 7 0 PARITY= 100 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 I \ Y ~ I 140 I I M I till i h i l i i 80 FRENCH FRANC JAPANESE YEN 120 SWISS FRANC GERMAN MARK 160 DUTCH GUILDER / V - \ BELGIAN FRANC 140 120 I I I I I I I I I I I 100 100 — f / ^ ~ \ ITALIAN LIRA U.K. IPOUND \ 80 60 I I I I I 1975 I l l l l l l l l l l l 1977 1975 1977 CHAHF ^ 3-MONTH FORWARD EXCHANGE RATES AVERAGES PER PREMIUM (+•) OR ( - ) FOR WEEK ENDING WEDNESDAY T PER ANNUM 6 CANADIAN DOLLAR 0 6 I IIIIIII PER CENT PER ANNUM 0 DUTCH GUILDER U. K. POUND - - 6 12 I I I I I I I I I I I 18 6 GERMAN - MARK SWISS FRANC - 12 6 0 6 I I I I I I I I I I I 6 12 6 JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER F R E N C H FRANC 0 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 U.S. DOLLARS PER FINE OUNCE OUNCE 200 180 12.5 Kg BARS 160 AFTERNOON FIXING PRICE - 140 120 - 100 1975 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. F E D E R A L FUNDS Vvv JAPAN 12 - - OVERNIGHT E U R O - D O L L A R S U.K. 2 - D A Y LOCAL — — — - 16 - 12 AUTHORITY 12 V FRANCE a J 8 — II I I I I I 4 NETHERLANDS CANADA - - - 0 20 16 12 t EURO-DM EURO-SWISS GERMANY 1975 12 1977 1975 FRANC 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM Lh CANADIAN FINANCE CO. PAPER U.K. INTERBANK STERLING GERMAN INTERBANK RATE • 14 # 10 \ \ JAPANESE BANK LOANS AND DISCOUNTS SWISS INTERBANK RATE M - . A~ 4 I — # 0 6 I I I I I I 1975 I I 1977 I I I I 1975 I 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 J OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR FEDERAL DEPOSITS FUNDS DASHED LINE 90-DAY CD'S r j DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR 1975 FAVORS BORROWING IN U. S. IF POSITIVE RESERVE REQUIREMENTS 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: P L U S ( + ) , INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM Djr EURO-DOLLAR DEPOSITS - INTERBANK COVERED 12 INTERBANK DM STERLING COVERED FRANKFURT LONDON EURO-DOLLAR DASHED DEPOSITS LINE DIFFERENTIAL DIFFERENTIAL I I I III I I I I III I I I I III I I CANADIAN FINANCE CO. PAPER, I I I III I I COVERED EURO-DOLLAR DEPOSITS - U.S. COMMERCIAL PAPER DASHED SWISS INTERBANK (SF) COVERED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 1975 1977 1975 1977 12 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY PER SERIES PER CENT PER A ENT PER ANNUM CANADA 9 UNITED 10 STATES 7 8 5 6 11 8 \ JAPAN INDUSTRIAL \ SWITZERLAND 6 9 GERMANY 7 4 5 2 13 18 11 16 UNITED KINGDOM FRANCE 9 14 7 12 NETHERLANDS 5 10 12 11 U. S . CORPORATE MONTHLY U. S . CORPORATE / \ MONTHLY EURO-DOLLAR BONDS A 10 9 Aaa BONDS 8 7 EURO-DM BONDS 6 5 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY RATIO 1969- SERIES :ALE o 180 140 UNITED STATES 100 RATIO SCALE 1969=100 80 140 60 UNITED KINGDOM 360 - 100 280 JAPAN 60 200 160 40 120 35 180 120 - - 100 140 SWITZERLAND 80 CANADA 100 - \ — I 60 80 I 60 I I 40 — 180 - 140 FRANCE GENERAL INDEX 180 140 — GERMANY 100 - 100 80 - 80 ! 60 1975 1977 I 1975 I I IIIIIIIIIl 1977 60 S E R I E S 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 CHART 2 . NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 16 16 16 16 16 16 16 16 16 16 8 7 .. 4 5 1 4 6 ,. 6 7 1 6 2 ,. 9 3 1 4 9 .. 2 3 7 5 .. 7 2 9 7 .. 3 5 114. . 2 2 1 9 8 .. 3 5 1 4 1 ,. 4 2 7 1 .. 1 3 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 16 16 16 16 16 16 16 -0.40 2.17 3.27 -5.70 5.04 0.5b 3.06 NOV. 16 164.59 NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 16 16 11 11 11 11 11 11 11 11 6.44 6.56 4.00 7.25 3.80 3.78 4.63 9.13 3.89 2.45 NOV. 16 NOV. 16 NOV. 16 NOV. 16 NOV. 16 NOV. 16 NOV. 16 6.55 4.06 5.25 7.09 7.39 4.76 2.13 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. GOLD PRICE U.S. 4. IN LONDON DOLLAR PER FINE OUNCE 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 5. 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 6 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS L DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN LAST VALUE PLUTTEO DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT R A T E S : LONDON NOV. 1 6 NOV. 16 NOV. 16 NOV. 16 NOV. 16 NOV. 1 6 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . 6.58 7.01 6.68 7.09 7.34 7.45 S MONEY MARKET RATES NOV. NOV. NOV. NOV. NOV. NOV. 16 16 16 16 16 16 6.58 6.44 0.41 7.09 6.55 0.42 EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL NOV. NOV. NOV. 16 16 16 7.09 6.94 0 . 15 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL NOV. NOV. NOV. 16 16 16 6.56 6.99 -0.43 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL NOV. 16 NOV. 16 NOV. 16 7.09 7.33 -0.24 16 16 16 7.09 7.16 -0.07 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 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST A R B I T R A G E , 3—MONTH FUNDS EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL COVERED NOV. NOV. NOV. • 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. LAST VALUE PLOTTED DATE VALUE NOV. 1 1 4 NOV. OCT . 4 NOV. NOV. 1 1 OCT. 2 1 OCT. 2 8 NOV. 1 1 7 .. 6 0 5 .. 7 4 6 .. 7 2 3 ,. 8 4 8 .. 7 2 10. . 7 5 7 ,. 1 2 9 .. 7 1 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY SEPT. SEPT. SEPT. 7.92 6.56 7.52 STOCK INDEXES NOV. 1 1 NOV. 1 1 OCT. 28 OCT. 28 NOV. 1 1 NOV. 1 1 4 NOV. 9 6 .. 2 4 2 4 5 ,. 9 4 8 2 ,. 4 4 8 9 .. 3 0 1 1 9 ,. 4 4 7 7 ,. 3 2 9 b ,. 6 9 . ^ o f COVr •. F E D E R A H. 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 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 1 8 , NOVEMBER 2 2 , 1977 17 18 1977 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: (RATE U . S . CENTS) NOV. 16 15 COUNTRY MONETARY UNIT NOV. 14 NOV. 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 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDC RAND PESATA RUPEE KRONA FRANC POUND 112.5900 6.23500 2 .83500 89.9000 16.3000 24.0400 20.5650 4 4 . 5 2 00 11.5000 181.5800 0.11380 0.40800 41.7000 4.4100 41.2200 99.2000 18.2600 2.4600 115.0500 1.2026 11.6300 20.8300 45.3650 181.5800 112.4500 6.23000 2.83000 89.9800 16.2900 24.0175 20.5700 44.4900 11.5000 161.5900 0.11380 0.40770 41.8400 4.4125 41.1650 99.2500 lb.2400 2.4525 115.0500 1.2038 11.6300 20.8450 45.3300 181.5900 112.5000 6.24500 2.83000 90.1900 16.2900 24.0300 20.6000 44.5200 11.5000 181.8000 0.11385 0.40775 41.8400 4.4100 41.2 300 99.2000 18.2700 2.4575 115.0500 1.2045 6.2000 20.6400 45.5200 181.8000 NOV. 112.3000 6.25250 2.83400 90.0800 16.3000 24.0550 20.5850 44.5000 11.5000 181.8700 0.11382 0.40750 41.9200 4.4100 41.2400 99.1500 18.2300 2.4525 115.0500 1.2055 6.2000 20.8000 45.2600 181.8700 NOV. 112.5000 6.25250 2.83250 90.1000 16.2950 23.8400 20.6200 44.6350 11.6100 182.4500 0.11385 0.41070 41.9500 4.4100 41.3800 99.3500 18.2900 2.4525 115.0500 1.2038 6.2000 20.8100 45.4300 182.4500
@FedFRASER