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Selected Interest & Exchange Rates Weekly Series of Charts NOVEMBER 3,1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 f y 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 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE i MAY 1970 PARITY •CALE 0 PARITY=100 100 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 100 80 80 JAPANESE YEN 120 140 FRENCH FRANC 120 V—\ 100 100 200 200 180 180 SWISS FRANC GERMAN MARK 160 160 140 140 120 120 100 100 160 160 DUTCH GUILDER BELGIAN FRANC 140 140 120 120 100 100 120 120 ITALIAN LIRA U.K. POUND 100 100 80 80 1 1973 1975 1973 1975 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM CANADIAN DOLLAR < A a . A A . i 11 " 1 1 1 U.K. POUND GERMAN MARK FRENCH FRANC PER CENT PER ANNUM .= SWISS FRANC DUTCH GUILDER JAPANESE YEN 2 per cent on scale equal 1 per cent on all others t | PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 210 — 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT 15 r~ OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 11 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 FRANCE 10 5 0 15 NETHERLANDS 10 CANADA 5 0 20 20 EURO-SWISS FRANC GERMANY EURO-DM 1973 1975 1973 1975 Chart 5 1 3-MONTH INTEREST RATES WEEKLY SERIES CANADIAN FINANCE CO. PAPER 12 UNITED STATES CD's 8 4 16 GERMAN INTERBANK R A T E " U.K. INTERBANK STERLING 12 8 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 y JAPAN Monthly 6 1973 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PE 16 PER CENT PER Al lENT'PER ANNUM OVERNIGHT 16 —' 3-MONTH 12 - 12 8 8 4 4 I I I I I I 16 16 6-MONTH 7-DAY 12 - 12 8 8 - 4 4 I I I I I I 16 16 1-MONTH 1-YEAR 12 - 8 8 4 4 12 ~l I I I I I Chart 7 SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 [ — FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro dollar deposits 60-89 DAY CD'S 5 0 DIFFERENTIAL Adjusted for ressrve requirements DIFFERENT AL Adjusted for reserve requirements 1973 Favors Borrowing in U.S. if Positive 1975 1973 1975 / Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PEf PER ANNUM PER CENT PER 20 20 15 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERLING Covered London ^ 10 10 5 0 5 EURO-DOLLAR DEPOSITS 0 DIFFERENTIAL DIFFERENTIAL 5 5 10 10 15 ~ CANADIAN FINANCE CO. PAPER, COVERED 15 EURO-DOLLAR DEPOSITS 10 10 5 U.S. COMMERCIAL PAPER 5 SWISS DEPOSITS (SF) 0 0 DIFFERENTIAL DIFFERENTIAL 5 1973 5 1975 1973 1975 Chart 9 \\ LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 / JAPAN Industrial 8 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro-Dm bonds 10 A Aaa bonds Euro-dollar bonds 6 6 1973 1975 1973 1975 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969=100 180 UNITED STATES 60 45 320 140 UNITED KINGDOM JAPAN 100 160 60 35 180 180 CANADA SWITZERLAND 100 60 60 45 45 180 180 FRANCE General index GERMANY 100 100 60 45 1973 1975 1973 1975 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 OCT. OCT. OCT* OCT. OCT. OCT. OCT. OCT. OCT. OCT. 29 29 29 29 29 29 29 29 29 29 85.35 119.35 142.64 137.37 86.16 105.82 126.98 165.80 129.22 92.47 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 29 29 29 29 29 29 29 -2.19 -5.22 2.63 - 0 .61 3.67 1.61 -1.57 OCT. 29 143.20 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN U 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-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 29 29 24 17 24 31 24 24 17 31 5.65 5.75 11.38 7.88 3.70 3.56 8.00 6.00 4.93 0.52 OCT. OCT. AUG. OCT. OCT. OCT. OCT. 29 29 5.75 4.06 9.03 6.64 8.80 11.71 5.50 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 29 29 29 29 SERIES NAME LAST VALUE PLOTTED * DATE VALUE L CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR OCT, OCT. OCT. OCT. OCT. OCT. 29 29 29 29 29 29 5.75 5.86 6.09 6.64 7.35 7.93 29 29 29 29 29 29 5.75 5.65 0.34 6.64 5.75 0.80 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 29 OCT. 29 OCT. 29 6.64 6.48 0.15 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL OCT. 2 9 OCT. 29 OCT. 29 —0.68 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. 2 9 OCT. 2 9 OCT. 2 9 6.64 6.69 -0.05 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. 29 OCT. 29 OCT. 2 9 6.64 9.17 -2.53 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 OCT. OCT. OCT. OCT. OCT. OCT. CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS 5.93 6.61 \4 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 9 o LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM OCT. OCT. AUG. OCT. OCT. OCT. OCT. OCT. 17 17 17 17 10 17 17 8.13 8.32 9.55 6.12 9.52 9.89 7.54 14.89 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS SEPT. SEPT. SEPT. 8.95 8.34 9.26 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY OCT. OCT. OCT. SEPT. OCT. OCT. OCT. 24 3 10 12 17 24 17 94.60 194.12 97.76 100.66 81.56 63.55 87.21 FEDERAL RESERVE H.10 OCTOBER 3 1 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 3 1 , 1975 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 jcurrencies: 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 CRATE U . S . CENTS! OCT. 2 9 MONETARY UNIT OCT. 27 OCT. 28 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 126,7000 5.52000 2.58400 97.8500 16.7200 26,1400 22.8300 38.9400 11.3000 206.9000 0.14790 0.33160 39.0600 8.0000 37.9000 105.0500 18.2200 3.7800 114.9500 1.6975 13.2800 22.9200 37.9300 206.9000 126.6500 5.49000 2.58000 98.0400 16.6900 26.0100 22.8100 38.8900 11.3000 206.6000 0.14780 0.33170 38.9600 8.0000 37.8200 105.1500 18.2300 3.7600 114.9500 1.6915 13.2800 22.8900 37.8000 206.6000 126.6500 5.48000 2.58250 97.9800 16.6900 26.0400 22.8600 38.9100 11.3000 206.8000 0.14770 0.33160 39.0600 8.0000 37.9700 105.1000 18.1700 3.7500 114.9500 1.6905 13.2800 22.9000 37.9000 206.8000 OCT. 30 O C T . 31 126.6500 5.52000 2 .59000 97.8700 16.7400 26.1300 22.9100 39.0500 11.4500 207.2000 0.14810 0.33150 39.4000 8.0000 38.0500 105.1000 18.2300 3.7800 115.3000 1.6965 13.3500 22.9800 38.0400 207.2000 126.8500 5.52000 2.59600 98 . 2 8 0 0 16 . 7 4 0 0 26 . 1 1 0 0 22.9900 39.1000 11.3500 207.8000 0.14840 0.331,40 39.2000 8.0000 38.1000 105.3000 18.3100 3.7700 114.7000 1.6980 13.2500 23.0100 38.1000 207.8000
@FedFRASER