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t
/
S
« 4 * y
Selected Interest &
Exchange Rates
Weekly Series of Charts
October 15,1979
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 INDICES
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 INDICES
CHART 1
SPOT EXCHANGE INDICES
b
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100
RATIO SCALE
MARCH 1973=100
120
120
100
FOREIGN CURRENCY
PRICE OF U,S. DOLLAR
80
CANADIAN DOLLAR
-
100
-
80
60
60
180
—
160
-
140
-
GERMAN MARK
FRENCH FRANC
A —
.
120
-
-
100
•
—
—
^
120
I
100
I
I
I
I
" I
I
I
I
I
I
I I I I I I I I I 11 1 1 I n I i i I i T
I
240
160
^
#
-
140
-
SWISS FRANC
JAPANESE YEN
200
a/
120
100
80
-
-
•
—
i
80
M
i
i
Illllllllll
Illllllllll
M
—
BELGIAN FRANC
-
DUTCH GUILDER
Illllllllll
I
I
I
I
I
I
100
Illllllllll
100
100
ITALIAN LIRA
U.K. POUND
80
i 60
a/A/
I
Ax
~
—
—
I
I
I
I
I
1977
I
Illllllllll
i i i n i i i i n
1979
1977
1979
-
80
—
60
CHART 2
3^M@NTH FORWARD EXCHANGE RATES
PREMIUM (-f) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PER CENT PER ANNUM
PER t £ N T
6
CANADIAN DOLLAR
ITALIAN LIRA
-
•ill
rV i i i
U. K. POUND
DUTCH GUILDER
GERMAN MARK
SWISS FRANC
L
, ~
-
iiiiiliihi
i
i
i
1
n
i
JAPANESE YEN
FRENCH FRANC
f
/-
-
lllllllllll
1977
1979
1
1
1
1
1
1977
1
lllllllllll
IllMlMlM
1979
CHART 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE
US. DOLLARS PER FINE OUNCE
450
450
400
— 400
350
350
-
12.5 Kg BARS
AFTERNOON FIXING PRICE
300
250
-
-
300
-
250
200
200
-
150
I
100
1976
1977
I
I
I
I
I
1978
I
I
150
100
I
1979
CHART 4
CALL MONEY RATES
WEEKLY SERIES
PER CENT PER ANNUM
PER CENT PER ANNUM
12
14
JAPAN
-
-
10
OVERNIGHT EURO-DOLLARS
__
U.S. FEDERAL FUNDS
_
2
16
I
u
I
I
I
I
I
—
1
1
U.K. 2-DAY LOCAL
AUTHORITY
12
NETHERLANDS
1
. . I l l
1
1
Illllllllll
-
FRANCE
i
_
12
CANADA
1
1
1
1
1
Illllllllll
Illllllllll
IJ
r
-
i " l
EURO-DM
i
i
i
1
1
1977
-
8
-
4
-
0
EURO-SWISS FRANC
GERMANY
-
1
1
1979
1977
1979
CHART 5
3-MONTH INTEREST RATES
WEEKLY SERIES
PER CENT PER ANNUM
|PER CENT PER ANNUM
16
16
U.K. INTERBANK STERLING
U.S.
CD S
WEIGHTED AVERAGE
FOREIGN RATE
GERMAN INTERBANK RATE
JAPANESE BANK
LOANS AND DISCOUNTS
SWISS INTERBANK RATE
-
.
CANADIAN FINANCE CO. PAPER
^
W
I
I
I
I
I
1977
1
I
1979
1
1
1
vVA"
1
1
1977
1
,,I,
1979
CHART 6
EURO-DOLLAR DEPOSIT RATES
LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
OVERNIGHT
3-MONTH
6-MONTH
1979
«
CHART
7
SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES
AVERAGES FOR WEEK ENDING WEDNESDAY
PER CENT PER ANNUM
PER CENT PER ANNUM
14
-
12
—
14
-
12
It
10
OVERNIGHT
EURO-DOLLAR
K*'
DEPOSITS
I
10
\i
i
3-MONTH
EURO-DOLLAR
DEPOSITS
JF1
R W V
v
L
/
A A
FEDERAL FUNDS
DASHED LINE
Jr
—
_
/
I
I
I
I
"l
I
1 ! 1111I 1111
I
y 90-DAY CD'S
-
JT
DASHED LINE
vy
11 11 11 11 11 1 1 1 1 1 1 1 1 1 i 111
M111111111
4
2
DIFFERENTIAL
DIFFERENTIAL
ADJUSTED
FOR
RESERVE REQUIREMENTS
{ J d V A f i vAy1Jl U *
V
1
1
1
i I 11l 1II 1l l
FAVORS
BORROWING
I I 1M 1M I M
1979
1977
IN U. S . IF POSITIVE
I
1
1
1977
1
1111II 111I 11 1 11111II 1II
1979
CHART 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PER CENT PER ANNUM |
PER CENT PER ANNUM
14
16
EURO-DOLLAR DEPOSITS
CANADIAN FINANCE
CO. PAPER, COVERED
INTERBANK STERLING
COVERED LONDON
U.S. COMMERCIAL PAPER
DIFFERENTIAL
DIFFERENTIAL
SWISS INTERBANK (SF) COVERED
INTERBANK DM
COVERED FRANKFURT
EURO-DOLLAR DEPOSITS
EURO-DOLLAR DEPOSITS
DASHED LINE
DIFFERENTIAL
DIFFERENTIAL
1977
1979
1977
1979
#
CHART 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PER CENT PER ANNWM
PER C NT PER ANNUM
11
10
UNITED STATES
CANADA
—
9
8
1
6
1
1
I
I
Illllllllll
1
7
7
10
SWITZERLAND
5
8
GERMANY
3 '
6
1
4
16
13
UNITED KINGDOM
FRANCE
14
11
12
9
10
7
NETHERLANDS
8
5
11
11
U. S .
9
CORPORATE
MONTHLY
MONTHLY
9
A « a BONDS
JAPAN
7
7
EURO-DOLLAR>BONDS
5
5
1977
1979
1977
1979
CHART 10
INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCAL
1969=10
RATIO SCALE
1969=100
140
UNITED :STATES
120
A
r W
(
'
v
v
Z
V
100
i / V
7
f
UNITED KINGDOM
80
"
i
l
n h i l i i l n
l
iiliiliilii
360
320
-
JAPAN
280
240
vV
-
-
—
-
J
/*.
200
1
1
1
1
1
1
iiliiliilii
iiliiliilii
100
140
120
SWITZERLAND
' —
-
80
CANADA
J \ J
100
60
80
1
1
1
1
1
iilii
iiliiliilii
1
50
170
170
150
150
130
FRANCE
GENERAL INDEX
—
»
70
130
GERMANY
110
90
-
-
110
-
—
-
1
1
1
1 1
1977
1
j i 111 f , 1111 i i l i i l i i l i i
1979
m i
M I
1977
1979
90
LAST VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART 1 .
SPOT EXCHANGE RATES AND INDICES
WEEKLY AVERAGES, NOON BUYING RATES ( U . S .
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
I T A L I A N LIRA
INDICES,
MARCH 1973
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
I T A L I A N LIRA
CENTS)
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT .
OCT.
OCT.
10
10
10
10
10
10
10
10
10
56.34
0.44487
50.72
217.17
85.53
23.99
62.53
3.48279
0.12164
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
10
10
10
10
10
10
10
10
10
158.48
116.48
145.61
87.84
85.25
108.10
201.16
137.24
69.10
10
10
10
10
10
10
10
10
10
10
10
86.78
151.76
104.69
132.63
76.62
74.65
96.30
182.96
124.06
59.56
94.62
10
10
10
10
10
10
10
10
1.. 1 7
- 0 . .18
6 ..03
1,.00
12.,02
4 .. 0 1
6 , .75
- 1 .,81
BASE RATES = 100
WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1973 = 100
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
U . S . DOLLAR
GERMAN MARK
JAPANESE YEN
DUTCH GUILDER
U . K . POUND
CANADIAN DOLLAR
FRENCH FRANC
SWISS FRANC
BELGIAN FRANC
I T A L I A N LIRA
SWEDISH KRONA
CHART 2 .
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
ITALIAN LIRA
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
LAST VALUE PLOTTED
DATE
VALUE
SERIES NAME
CHART 3 .
GOLD PRICE I N LONDON, AFTERNOON F I X I N G
10
387.96
OCT. 10
OCT. 10
5
OCT.
5
OCT.
5
OCT.
5
OCT.
5
OCT.
5
OCT.
SEPT. 2 1
5
OCT.
12.00
1 2 . .53
1 4 . .00
11..55
8.,00
6 ..72
6,. 6 9
11..50
8.. 1 0
0 .25
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
OCT.
10
10
10
10
10
10
10
12.94
9.04
6.88
12.35
14.01
2.02
9.53
OCT.
OCT.
OCT.
OCT.
OCT.
OCT .
10
10
10
10
10
10
12.53
13.28
13.76
13.86
13.81
13.48
OVERNIGHT EURO-DOLLAR DEPOSITS
U . S . FEDERAL FUNDS
DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS
OCT. 10
OCT. 10
OCT. 10
12.53
12.00
0.53
3-MONTH EURO-DOLLAR DEPOSIT RATE
U . S . 90-DAY C D ' S , SECONDARY MARKET
DIFFERENTIAL
OCT. 10
OCT. 10
OCT. 10
13.86
12.94
0.92#k
U.S.
CHART 4 .
OCT.
DOLLARS PER FINE OUNCE
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
CHART 5 .
3-MONTH INTEREST RATES
U . S . 90-DAY C D ' S , SECONDARY MARKET
GERMAN INTERBANK LOAN
JAPANESE BANK LOANS & DISCOUNTS
CANADIAN FINANCE PAPER
INTERBANK STERLING
SWISS INTERBANK LOAN
WEIGHTED AVERAGE FOREIGN INTEREST RATE
( G - 1 0 COUNTRIES PLUS SWITZERLAND)
CHART 6 .
EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7 .
SELECTED EURO-DOLLAR AND U . S .
MONEY MARKET RATES
#
SERIES NAME
CHART 8 .
LAST VALUE PLOTTED
DATE
VALUE
INTEREST ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), COVERED
DIFFERENTIAL
OCT. 10
OCT. 10
OCT. 10
1 3 . ,86
1 3 . ,83
0., 0 4
U . S . COMMERCIAL PAPER
CANADIAN FINANCE PAPER, COVERED
DIFFERENTIAL
OCT.
OCT.
OCT.
10
10
10
1 2 . ,43
13., 5 6
- 1 .,13
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
OCT. 10
OCT. 10
OCT. 10
13., 8 6
15., 2 0
- 1 .,34
EURO-DOLLAR DEPOSIT
SWISS INTERBANK, COVERED
DIFFERENTIAL
OCT. 10
OCT. 10
OCT. 10
13.. 8 6
14,. 1 1
- 0 .,25
5
28
9.53
7.56
7.92
3.50
10.39
10.83
8.53
10.91
CHART 9 .
LONG TERM GOVERMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
UNITED KINGDOM
.
28
5
6
21
28
CORPORATE
AAA BONDS
EURO-DM BONDS
EURO-DOLLAR BONDS
CHART 1 0 .
OCT.
SEPT.
AUG.
SEPT.
OCT.
JULY
SEPT.
SEPT.
AUG.
DEC.
AUG.
9.23
6.63
8.99
INDUSTRIAL STOCK INDICES
UNITED STATES
JAPAN
CANADA
FRANCE
UNITED KINGDOM
SWITZERLAND
GERMANY
OCT.
SEPT.
DEC.
SEPT.
SEPT.
SEPT.
SEPT.
5
21
29
14
21
21
28
1 1 4 ., 9 8
3 0 2 . ,07
113. , 8 1
1 5 0 . ,50
1 0 9 . ,65
7 9 . ,82
1 0 0 ., 2 1
FEDERAL RESERVE
Hel0<5121
statistical release
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
OCTOBER 1 2 ,
OCTOBER 1 6 ,
1979
1979
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
SRI 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
OCT.
H
0
L
I
D
A
Y
8
OCT.
9
(RATE U . S . CENTS1
OCT. 10
111.7200
7.69083
3.43643
85.3752
19.0349
26.3896
23.7220
55.5617
12.1200
206.8000
0.12005
0.44248
46.2107
4.3860
50.0250
98.6500
20.0622
1.9920
120.9500
1.5081
6.4000
23.7530
61.6143
215.4500
111.9700
7.77001
3.47222
85.1716
19.2493
26.5710
23.9349
56.1893
12.1200
209.4000
0.12120
0.44326
46.2963
4.3860
50.5817
98.9000
20.2881
2.0060
120.7500
1.5126
6.4000
23.9406
62.0733
216.8500
OCT.
11
111.8500
7.75194
3.46021
85.1572
19.1828
26.4901
23.8237
55.8659
12.2200
209.0000
0.12055
0.44170
46.2535
4.3840
50.5051
99.0700
20.2000
1.9940
120.7500
1.5133
6.4000
23.8095
61.7475
216.3500
OCT.
12
111.7200
7.75194
3.46621
85.2224
19.1497
26.5534
23.8095
55.8347
12.2200
207.2500
0.12099
0.43956
46.2535
4.3860
50.3652
98.7000
20.1816
2.0080
120.7500
1.5140
6.4000
23.7869
61.6523
215.6500
@FedFRASER