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H.13 Selected Interest & Exchange Rates Wfeekly Series of Charts OCTOBEITtB, 1974 DfVfSKHt OF INTERNATIONAL FINANCE Prepare* by the FINANCIAL MARKETS SECTION / Z BOARD OF GOVERNORS —FEBBRfttrRSSEBVE SYSTEM Washington, D C. 20551 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 RATESH.10 RELEASE 3. GOLD PRICE-LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES •j 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 INDEXES OF D O L L A R PRICES OF F O R E I G N CURRENCIES A V E R A G E S FOR WEEK ENDING W E D N E S D A Y 100 120 CANADIAN DOLLAR 90 80 FOREIGN CURRENCY . P R I C E OF U.S. DOLLAR Weighted average I I I M 100 M I I I I I I I JAPANESE YEN FRENCH FRANC 140 140 l / A , 120 120 \f 100 100 i i i i i i I I I MIMIMIH I I I MINI,,,,, 180 160 180 GERMAN MARK „ SWISS FRANC __ 160 140 140 120 100 100 I 160 DUTCH GUILDER I I I I I 160 ~ BELGIAN FRANC ~ 140 140 / 120 120 Y 100 100 I 120 U.K. POUND I I I I I 111,111 I 111 I , | | 1 1 , I T A L I A N LIRA I20 100 I00 80 80 Chart2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+LOR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 |— CANADIAN DOLLAR 0 6 6 U.K. POUND SWISS FRANC GERMAN MARK DUTCH GUILDER 5 B 12 FRENCH FRANC - JAPANESE YEN I 2 per cent on scale equals 1 per cent on all others 24 111 H 111111 1972 1974 1972 1974 Chart 3 PRICE OF GOLD W LONDON 5 AVERAGES FOR WEEK ENDING WEDNESDAY OS. DOLLARS PER FINE OUNCE 200 12.5 Kg BARS Afternoon fixing price J L i I ii I i i I i i I i i i i i I i i I i i Chart 4 CALL MONEYjt ATES WEEKLY SERJES MNUH 15 OVERNIGHT EURO-DOLLARS 1P JAPAN 5 U.S. FEDERAL FUNDS 0 0 20 20 15 is U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 10 10 5 s 0 0 15 15 10 10 NETHERLANDS CANADA 5 5 0 0 20 20 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 5 0 0 EURO-DM 5 5 1S72 1974 1972 1974 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 20 ao GERMAN INTERBANK RATE U.K. INTERBANK STERLING 12 EURO-DOLLAR 1972 SWISS DEPOSIT RATE JAPAN Monthly 1974 1972 1974 Chart 6 EURO DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM PER CENT PER 16 16 OVERNIGHT 3-MONTH 12 12 8 8 4 4 16 16 7-DAY 6-MONTH 12 12 8 8 4 4 16 16 1-MONTH 1-YEAR 12 12 8 8 4 4 1972 1974 1972 1974 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 6 0 - 8 9 D A Y CD's 5 \l\ 6 r \ l MM DIFFERENTIAL Ad usted for reserve requirements 1972 Favors Borrowing in U.S. if Positive tvVV 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 M ; E N T PER ANNUM 20 20 INTERBANK DM, COVERED Frankfurt 15 15 EURO-DOLLAR DEPOSI1 10 10 5 5 INTERBANK STERLING, , , COVERED London !\i\ EURO-DOLLAR DEPOSITS ' 0 0 DIFFERENTIAL ' v \\J A 5 5 10 10 DIFFERENTIAL 15 15 20 20 15 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 10 5 15 5 U.S. COMMERCIAL PAPER sA /U'J: SWISS DEPOSITS (SF), COVERED , v 0 y v 5 DIFFERENTIAL DIFFERENTIAL 5 y/ I I I I 1 I I 111111111111 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 LLL nhi 12 12 GERMANY FRANCE 10 8 y JAPAN Industrial NETHERLANDS 6 10 UNITED KINGDOM 8 SWITZERLAND 6 12 12 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro-Dm bonds 10 Euro—dollar bonds Aaa bonds 8 8 1972 1974 1972 1974 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 240 180 UNITED STATES 100 320 240 160 UNITED KINGDOM 120 JAPAN 160 80 80 200 200 150 150 CANADA SWITZERLAND 100 100 SO 50 240 240 160 180 FRANCE General index GERMANY 100 100 1972 1974 1972 1974 \3 S E R I E S NAME CHART I. SPOT EXCHANGE RATES U . S . D O L L A R , WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC I T A L I A N LIRA 2. GOLD P R I C E U.S. CHART 4 . DOLLAR IN 9 9 9 9 9 9 9 9 9 9 84.555 120.288 140.411 135.511 97.277 110.C55 116.833 149.455 128.755 93.977 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 9 9 9 9 9 9 9 0.299 -3.111 2.033 -5.111 1.499 1.866 -1.099 OCT. 9 156.599 OCT. OCT. OCT. OCT. SEPT. OCT. SEPT. SEPT. SEPT. OCT. 9 9 4 4 27 4 27 27 27 4 10.433 10.477 1 0 ,, 5 0 0 9 ,, 0 0 0 9 ,. 0 0 0 9 ,, 6 9 9 1 3 ,, 0 0 0 1 3 .. 3 8 8 1.055 1 ., 6 5 5 LONDON PER F I N E 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 CHART 5 . OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. LAST VALUE PLOTTED DATE VALUE 3-MONTH I N T E R E S T 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 S T E R L I N G FRASER SWISS D E P O S I T Digitized for 9 OCT. OCT. 9 JULY 26 OCT. 9 OCT. 9 OCT. 9 SEPT. 11 9.500 9.666 9.244 11.644 11.222 11.633 7.000 V\ LAST VALUE PLOTTED VALUE DATE S E R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT R A T E S : LONDON 7. SELECTED EURO-DOLLAR AND U . S . INTEREST ARBITRAGE, U . S . COMMERCIAL PAPER CANADIAN FINANCE C O . P A P E R , DIFFERENTIAL EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL I OCT. OCT. OCT. OCT. OCT. OCT. 9 9 9 9 9 9 10.477 10.433 0.955 11.644 9.500 2.322 OCT. CCT . OCT. 9 9 9 11.64& 8.511 3.122 OCT. OCT. OCT. 9 9 9 10.133 11.522 -1.399 OCT. CCT. CCT. 9 9 9 11.644 11.699 —0.066 OCT. OCT. OCT. 9 9 9 11.644 1.499 10.144 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , DIFFERENTIAL 10.477 10.422 11.211 11.644 11.633 3.122 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 8. 9 Q 9 9 9 9 OCT. OCT. OCT. OCT. OCT. OCT. OVERNIGHT EURO-DOLLAR DEPOSITS 7 - D A V EURO-DOLLAR D E P O S I T RATE 1-MONTH EURO-DOLLAR DEPOSIT RATE 3-MONTH EURO-DOLLAR DEPOSIT RATE 6 - M O N T H EURO-DOLLAR DEPOSIT RATE 1-YEAR EURO-DOLLAR D E P O S I T RATE COVERED COVERED COVERED COVERED S E R I E S NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 10. 4 CCT . SEPT. 27 AUG. 3 0 SEPT. 6 4 OCT. SEPT. 20 SEPT. 27 4 OCT. 7 ,. 9 9 9 10.744 1 0 ,. 1 6 9 7 ,. 3 6 6 9 ,. 6 7 7 1 1 ,. 0 5 * 9 ., 4 8 8 1 5 ,, 4 6 6 AUG. 3 0 AUG. 3 0 AUG. 3 0 9.000 9.277 10.066 SEPT. 27 SEPT. 20 SEPT. 27 SEPT. 20 SEPT. 27 OCT. 4 SEPT. 27 7 0 ,. 3 4 4 189.977 8 7 ,. 8 0 0 8 2 ,. 9 0 0 4 4 ,. 5 0 0 5 2 ., 7 9 9 7 1 .,577 CORPORATE AAA BONDS EURC-DM BONDS EURO-DOLLAR BONOS CHART LAST VALUE PLOTTED DATE VfLUE INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK INDEXES FEDERAL RESERVE statistical release OCTOBER lit 1974 FOREKMi EXCHANGE RATES FOR THE WEEK ENDING OCTOBER lit 1974 The Board of Governors of %#* Federal Reeerwe Syeteai le advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rate In New York City for csftte 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 SRI LANKA 11) SWEDEN SWITZERLAND UNITED KINGDOM 11) MONETARY UNIT OCT. 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 131.3000 5.38000 2.57900 101.7300 16.5000 25.8100 21.0300 38.3100 12.*O0>O 233.5700 0.15040 0.33330 41.5500 8.0000 37.4600 . 130.5000 18.3200 3.9000 142.7500 1.7400 14.8000 22.7200 34.1600 233.5700 7 OCT. 8 IRATE U.S. CENTS) 131.3000 5.38000 2.57000 101.9600 16.4800 26.1700 20.9700 38.3200 12.4000 233.4300 0.14990 0.33360 41.6100 8.0000 37.4100 130.5000 18.2500 3.9200 142.7500 1.7390 14.8000 22.7200 34.1200 233.4300 SRI LANKA PREVIOUSLY KNOWN AS CEYLON OCT. 4 131.1000 5.41000 2.59000 102.1600 16.5200 26.2800 21.0600 39.0200 12.4000 234.1000 0.15010 0.33480 41.6000 8.0000 37.7200 130.5000 18.3100 3.9300 142.7500 1.7440 14.8000 22.8400 34.4200 234.1000 OCT. 10 OCT. 11 131.1000 5.43000 2.57100 102.0500 16.5100 26.3900 21.0100 38.7000 12.40*0 232.5000 0.14970 0.33470 41.7000 8.0000 37.4400 130.5000 18.1500 3.9400 142.7500 1.7420 14.8000 22.6800 34.2600 232.5000 131.2900 5.40000 2.57130 101.8000 16.4600 26.3200 21.0100 36.4500 12.4500 233.4000 0.14950 0.33430 41.6000 8.0000 37.4100 130.5000 » 18.1000 3.9100 142.7500 1.7915 14.9500 22.6700 34.2000 233.4000
@FedFRASER