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Selected Interest &
Exchange Rates
Weekly Series of Charts
rk.
DEC 5
i
NOVEMBER 28, 1977
Prepared by the
FINANCIAL MARKETS
SECTION
1377
I Q i - i ,{i 5 i V
DIVISION OF
INTERNATIONAL FINANCE
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
RATIO SCALE
MAY 1 9 7 0 PARITY=100
—
100
90
TV
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
V
80
CANADIAN DOLLAR
120
- — - —
100
/
11111111111
H I M , |, | ^
FRENCH FRANC
JAPANESE YEN
SWISS FRANC
GERMAN MARK
DUTCH GUILDER
BELGIAN FRANC
100
X
U.K. POUND
100
ITALIAN LIRA
-
80
80
-
I
"
60
60
-
1975
1977
1975
1977
CHART 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PER
:NT
PER
ANNUM
6
CANADIAN DOLLAR
0
6
PER
CENT
PER
ANNUM
+
0
DUTCH GUILDER
U. K. POUND
/
6
zxA
12
-
1 1 1 1 1 1 1 1 1 1 1
18
6
-
SWISS FRANC
GERMAN MARK
12
-
6
+
0
6
6
6
12
JAPANESE YEN
2 PER CENT ON S C A L E E Q U A L S
1 PER CENT ON A L L OTHER
+
0
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
180
-
160
-
140
-
12.5 Kg BARS
AFTERNOON FIXING PRICE
120
100
1975
1977
CHART
4
CALL MONEY RATES
WEEKLY SERIES
PER CENT PER ANNUM
PER CENT PER ANNUM
16
16
U.S. FEDERAL FUNDS
Vyv
12
JAPAN
-
12
-
16
—
12
OVERNIGHT EURO-DOLLARS
I
16
I
I I I I I I I I I I I
I
-
flj
I
U.K. 2-DAY LOCAL AUTHORITY
j
12
V
I
I
I
I
I
FRANCE
AJ
I
12
NETHERLANDS
CANADA
8
-
-
4
-
-
0
I
I
UIIIIMIM
I
n i l N i l 111
EURO-DM
EURO-SWISS FRANC
GERMANY
1975
1977
1975
1977
CHART
5
3-MONTH INTEREST RATES
WEEKLY SERIES
PER CENT PER ANNUM
PER CENT PER ANNUM
E UNO-DOLLAR
12
CANADIAN FINANCE CO. PAPER
U.S.
CD S
—
14
S
-
10
•
—
\
-
6
U.K. INTERBANK STERLING
GERMAN INTERBANK RATE
-
-
—
-
E
I
2
I
I
I
I
I
I I I I I I I I I I I
—
14
E
\
•
10
\
—
JAPANESE BANK
LOANS AND DISCOUNTS
SWISS INTERBANK RATE
-
6
#
I
L
L
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
12
-
8
—
4
-
12
-
8
—
4
6-MONTH
1-MONTH
1-YEAR
12
-
1975
1977
1975
1977
8
CHART
7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES
AVERAGES FOR WEEK ENDING WEDNESDAY
PER
PER CENT PER ANNUM
C E N T
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
RESERVE
FOG
RESERVE
REQUIREMENTS
REQUIREMENTS
+
0
1975
FAVORS
BORROWING
IN
U . S . IF
POSITIVE
1977
1975
1977
PER ANNUM
CHART
8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS( + ), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PER CENT PER ANNUM
/y'
PER CENT PER ANNUM
EURO-DOLLAR DEPOSITS
12
\/\
/
INTERBANK STERLING
INTERBANK DM
COVERED LONDON
COVERED FRANKFURT
6
EURO-DOLLAR DEPOSITS
DASHED LINE
I
DIFFERENTIAL
DIFFERENTIAL
I
IIIIHIIIIMIIIIIIIIIIH
CANADIAN FINANCE CO. PAPER.
-LLLL
COVERED
EURO-DOLLAR DEPOSITS
12
U.S. COMMERCIAL PAPER
SWISS INTERBANK (SF) COVERED
DASHED LINE
DASHED LINE
DIFFERENTIAL
DIFFERENTIAL
" l i i l " l " ' " l ' i l " l i i l
1975
1977
I
I
I IIIlIlIliIIn Ii:lii
1975
1977
CHART
9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PER
:ENT PER ANNUM
PER CENT PER A
9
CANADA
UNITED STATES
10
7
8
5
6
11
8
JAPAN
INDUSTRIAL
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
/ \
.
/ / 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
RATIO
1969-
SCALE
00
180
-
-
140
-
UNITED STATES
100
80
—
\
RATIO SCALE
1969=100
-
f
60
UNITED KINGDOM
360
-
-
280
V
JAPAN
-
__
200
160
I
120
I
I
I IIIIIIIIII
i
180
-
-
140
SWITZERLAND
CANADA
-
100
80
60
-
I
I
I
180
140
140
FRANCE
GENERAL
INDEX
GERMANY
100
100
80
80
60
60
1975
1977
1975
1977
S E R I b 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.
23
23
23
23
23
23
23
23
23
23
8 7 .. 1 9
1 4 a , .52
1 6 3 ,, 5 3
1 4 9 ,. 9 0
7 5 ,. 6 1
9 7 ,. 3 8
1 1 4 ,. 4 7
1 9 8 ,. 9 1
1 4 1 ,. 9 7
7 1 ,. 2 0
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
23
23
23
23
23
23
23
-0.49
1.34
3.00
-5.35
4.47
0.93
4.76
NOV. 23
158.53
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
23
23
18
18
18
18
18
16
11
18
6.51
6.72
4.13
7.38
3.80
3.79
4.50
9.13
3.89
0.82
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
23
23
23
23
23
23
23
6.55
4.06
5.25
7.01
7.32
4.96
2.55
3-MONTH FORWARD EXCHANGE RATES
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
>. GOLD PRICE
U.S.
CHART 4 .
IN
DOLLAR PER
LONDON
FINE OUNCE
CALL MONEY RATES
U . S . FEDERAL FUNDS
OVERNIGHT EURO-DCLLAR DEPOSITS
U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS
CANADA
GERMANY
EURO-OM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC
CHART 5 .
3-MONTH INTEREST RATES
U . S . C D ' S ( 6 0 - 8 9 DAYS)
GERMAN INTERBANK LOAN
JAPANESE BANK LOANS I DISCOUNTS
EURO-DOLLAR DEPOSIT
CANADIAN FINANCE COMPANY PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
LAST VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART 6 .
EURO-DOLLAR DEPOSIT
RATES:
LONDON
23
23
23
23
23
23
6.72
6.26
6.65
7.01
7.29
7.41
23
23
23
23
23
23
6.72
6.51
0.49
7.01
6.55
0.33
EURO-DOLLAR DEPOSIT
INTERBANK S T I R L I N G ( L O N D O N ) , COVERED
DIFFERENTIAL
NOV. 2 3
NOV. 2 3
NOV. 2 3
7.01
6.30
0.71
U . S . COMMERCIAL PAPER
CANADIAN FINANCE CO. PAPER, COVERED
DIFFERENTIAL
NOV. 2 3
NOV. 2 3
NOV. 2 3
6.52
6.64
-0.32
EURO-COLLAR DEPOSIT
INTERBANK DM ( F R A N K F U R T ) , COVERED
DIFFERENTIAL
NOV. 2 3
NOV. 23
NOV. 2 3
7.01
7.06
-0.05
EURO-DOLLAR DEPOSIT
SWISS I N T E R B A N K , COVERED
DIFFERENTIAL
NOV. 2 3
NOV. 2 3
NOV. 2 3
7.01
7.02
-0.01
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MGNTH
1-YEAR
.
SELECTED EURO-DOLLAR 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-DULLAR 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
.
INTEREST A R B I T R A G E ,
NOV.
NOV.
NOV.
NOV.
NOV.
NOV.
3-MONTH FUNDS
•
LAST VALUE PLOTTED
DATE
VALUE
S E R I E S NAME
CHART
9.
LONG TERM GOVERNMENT
BOND Y I E L D S
NOV.
NOV.
OCT .
NOV.
NOV.
NOV.
NOV.
NOV.
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
UNITED KINGDOM
U.S.
11
18
4
11
16
7 ,. 5 5
5 ., 7 2
6«>72
3 ,. 9 1
b .. 7 4
1 0 ., 7 b
7 .. 6 4
9 ,. 6 3
CORPORATE
SEPT.
SEPT.
SEPT.
AAA BONDS
EURO-DM BONDS
EURO-DOLLAR BONUS
CHART 1 0 .
16
11
I N D U S T R I A L STOCK
U N I T E D STATES
JAPAN
CANADA
FRANCE
UNITED KINGDOM
SWITZERLAND
GERMANY
7.92
6.56
7.52.
INDEXES
NOV. 18
NOV. 11
OCT. 2 8
4
NOV.
NOV. 16
N O V . 18
NOV. 1 1
9 7 .. 9 7
2 4 5 .. 9 4
6 2 .. 4 4
6 9 ,. 0 7
1 1 4 .. 4 6
76.34
9 9 .. 9 0
F E D E R A L
H
*10
R E S E R V E
s t a t i s t i c a l
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
NOVEMBER 2 5 ,
r e l e a s e
NOVEMBER 2 8 ,
1977
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:
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
(RATE U . S . CENTS)
NOV. 2 3
MONETARY
UNIT
NOV. 2 1
NOV. 22
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
112.9000
6.26500
2.64250
90.1700
16.3300
23.6900
20.5950
44.6650
11.6100
181.7000
0.11392
0.41190
42.0500
4.4150
41.4300
99.7000
18.3400
2.4575
115.0500
1.2055
6.2000
20.8400
45.4600
181.7000
113.0300
6.26500
2.84250
90.0300
16.3300
23.6900
20.6200
44.7900
11.6100
181.7000
0.11400
0.41555
42.0200
4.4150
41.4750
99.4000
18.3500
2.4575
115.0500
1.2077
6.2000
20.8600
45.5900
161.7000
113.0500
6.27750
2.84600
90.0000
16.3200
23.7650
20.6300
44.8050
11.6100
161.9500
0.11400
0.41710
42.2000
4.4150
41.5150
99.7500
18.3700
2.4600
115.0500
1.2092
6.2000
20.8400
45.6750
161.9500
NOV. 2 4
H
0
L
1
D
A
Y
NOV. 25
113.0300
6.32000
2.86000
90.0300
16.2800
23.8300
20.6200
45.1000
11.6000
181.8500
0.11402
0.41670
42.1900
4.4050
41.7000
99.7500
18.4800
2.4600
115.0000
1.2130
6.2000
20.8500
46.3000
181.8500
@FedFRASER