The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Selected Interest & Exchange Rates Weekly Series of Charts OCTOBER 17, 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 " - s a s s s ' ^ s E S V , L 11 1 1 120 - FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 S CANADIAN DOLLAR — ~~ E RATIO SCALE MAY 1970 PARITY-100 RATIO SCALE MAY 1970 PARITY=100 100 U i i / — < — 100 I I i I I I I i, I FRENCH FRANC 140 JAPANESE YEN 120 100 — llllllllll 200 — SWISS FRANC — 180 - - GERMAN MARK yy , — - 160 y i v VZ v - v 140 140 120 I I I I I 160 I 1 1 1 iiliiiniii DUTCH GUILDER — I I lllllllllll I BELGIAN FRANC 140 120 100 i i i I I II11llllllI I illllllllI I 100 ITALIAN LIRA U.K. POUND - 80 I 60 i i i I I I 1975 I 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM 6 4- CANADIAN DOLLAR 0 - 6 I I I PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND yvV\ - ~ 6 — 12 18 6 I I ! I I I SWISS FRANC GERMAN MARK + 0 6 6 JAPANESE YEN + 0 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER 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 200 200 180 180 - 160 - 140 - 12.5 Kg BARS 160 AFTERNOON FIXING PRICE 120 100 140 - 120 100 - - I I I I I I I 1975 80 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 ,S. FEDERAL FUNDS izvx JAPAN - OVERNIGHT EURO-DOLLARS - I 16 — — flf 12 U.K. 2-DAY LOCAL AUTHORITY a ai H A 1 V - \ iiiiiiniii 1 1 1 CANADA - J* I I I I I — 111111 I I I 11 ^ M, lllllllllll - FRANCE Iflft. — 1 1 — 12 — 8 lllllllllll 1 NETHERLANDS I EURO-SWISS FRANC GERMANY 1975 16 aJ EURO-DM ' - J — 4 I — \ 8 I 1977 1975 1977 4 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER PER CENT PER ANNUM EURO-DOLLAR CANADIAN FINANCE CO. PAPER 8 U.S. CD'S 4 14 U.K. INTERBANK STERLING 10 GERMAN INTERBANK RATE 6 2 14 SWISS INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS 10 6 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 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 12 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS DASHED LINE 90-DAY C D ' S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL A D J U S T E D FOR RESERVE REQUIREMENTS I 1975 FAVORS BORROWING IN U. S . IF POSITIVE I I II M i l I I I I I I I I I I I I I,I I 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON 6 _/v EURO-DOLLAR DEPOSITS DASHED LINE + 0 DIFFERENTIAL DIFFERENTIAL CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 6 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE + DASHED LINE DIFFERENTIAL 0 DIFFERENTIAL 1975 1977 1975 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM CANADA UNITED STATES " v v / X J 10 v - I I 8 l 8 JAPAN \ INDUSTRIAL — / SWITZERLAND - i - - GERMANY L/v. — I I I ~ ,, 6 4 2 18 - 16 UNITED KINGDOM FRANCE 14 - 12 II I I I I II II 10 NETHERLANDS U. S. CORPORATE 11 MONTHLY U.S. CORPORATE MONTHLY / \ / / ^ " \ EURO-DOLLAR s BONDS A - 9 - 7 Aaa BONDS EURO-DM BONDS 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO 1969= CALE >0 180 140 UNITED STATES 100 RATIO SCALE 1969=100 80 140 60 UNITED KINGDOM 360 100 280 JAPAN 200 - 1 160 40 120 35 180 120 - 140 - SWITZERLAND CANADA 100 80 100 - \ - 60 lllllllllll 40 — 180 80 I 60 180 — 140 - I I I I I - 140 FRANCE GENERAL INDEX 100 100 — 80 - N. i 60 — GERMANY 1975 1977 i i I I 1975 I lllllllllll - 80 lllllllllll 60 1977 S E R I E S NAME CHART 1. LAST VALUE PLOTTED DATE VALUE 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 CHART 2 . GOLD P R I C E U.S. CHART 4 . DOLLAR IN 6 8 ,. 7 6 1 3 9 ,. 7 0 1 5 9 .. 4 3 1 4 6 ,. 1 5 7 3 ., 3 3 9 9 .. 3 4 1 1 3 ,. 8 9 1 8 9 ,. 0 5 1 4 0 ,. 5 6 7 0 ,, 8 b OCT. OCT. OCT. OCT. OCT. OCT. OCT. 12 12 12 12 12 12 12 -0.27 1.88 3.47 -2.27 4.77 2.54 2.89 PER OCT. 12 155.94 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SEPT. OCT. 12 12 7 7 7 7 7 7 30 7 6.41 6.63 5.50 7.10 3.80 3.83 5.00 8.38 1.70 0.70 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 12 12 12 12 12 12 12 6.63 4.06 5.25 7.19 7.09 5.16 2.50 LONDON FINE OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL A U T H O R I T Y D E P O S I T S CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 12 12 12 12 12 12 12 12 12 12 3 - M O N T H FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN .. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 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 BANK LOANS & DISCOUNTS EURO-DOLLAR D E P O S I T CANADIAN FINANCE COMPANY PAPER INTERBANK S T E R L I N G SWISS INTERBANK LOAN LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 6 . EURO-DOLLAR D E P O S I T RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . OCT. OCT. OCT. OCT. OCT. OCT. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOP RESERVE REQUIREMENTS 3 - M O N T H EURO-DOLLAR D E P O S I T RATE U . S . CD * S ( 6 0 - 8 9 D A Y S ) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 6. INTEREST ARBITRAGE, 6.63 6.59 6.7v 7.19 7 .46 7.5w OCT. OCT. OCT. OCT . OCT. OCT. 12 12 12 12 12 12 6.63 6.41 0.50 7.19 6.63 0.44 OCT. OCT. OCT. 12 12 12 7.19 7.06 0.13 OCT. OCT. OCT. 12 12 12 6.43 6.83 -0.40 OCT. OCT. OCT. 12 12 12 7.19 7.53 -0.34 OCT. OCT. OCT. 12 12 12 7.19 7.27 -0.08 RATESs 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK STERLING ( L O N D O N ) , DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, DIFFERENTIAL EURO-DOLLAR D E P O S I T I N T E R B A N K DM ( F R A N K F U R T ) , DIFFERENTIAL EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVERED DIFFERENTIAL 12 12 12 12 12 12 COVERED COVERED COVERED S E R I E S NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S OCT. SEPT. AUG. SEPT . OCT. SEPT. SEPT . OCT. U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 7 30 30 7 2? 30 7 7.43 5.70 6.82 3.94 b .66 10.84 7 . IB 9.79 CORPORATE INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK 7.9 2 6.65 7.46 SEPT. AUG. A L- G . AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CM<VRT 1 0 . LAST VALUE PLOTTED DATE VALUE INDEXES OCT . SEPT. SEPT. SEPT. OCT. SEPT. SEPT . 7 23 16 30 7 23 30 9 8 .,65 2 5 5 .,7b 6 7 ,, 3 9 8 8 ,. 1 6 1 2 3 ,, 2 0 7 7 ,. 6 5 9 6 ,. 5 4 •0fQOwV F E D E H . 10 R A L R E S E R X E s t a t i s t i c a l OCTObfcR 14$ I e a s e OCTObfcR FOREIGN EXCHANGE RATES FOR THE WEEK ENDING r e 17 # I S V 7 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 MONETARY UNIT AUSTRALIA AUSTRIA fcfcLGIUM 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 DOLLAR SCHILLING FRANC DOLLAR KRCNE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND OCT. 10 H 0 L 1 D A Y OCT. 11 (RATk U . S . CENTS OCT. 12 111 . 5 0 0 0 6.1000C 2.80650 91.6200 16.3000 24.1375 20.4575 43.4450 11 . 6 0 0 0 175.9100 0.11335 0.38790 40.9100 4.4050 40.7850 97.7500 18.1600 2.4600 115.0000 1.1841 11.6000 20.7400 43.2400 175.9100 111.7000 6.09500 2.81200 91.6650 16.3100 24.1700 20.5100 43.5450 11.6000 176.1900 0.11340 0.38940 40.8500 4.4075 40.9450 97.7500 18.1600 2.4575 115.0000 1.185b 11.6000 20.7600 43.3500 176.1900 OCT. 13 112 . 1 5 0 0 6.13750 2.81600 91.0000 16.3500 24.1800 20.5700 43.7050 11.6000 176.4100 0.11340 0.39220 40.9300 4.4025 40.9800 98.0000 18.2000 2.4650 115.1500 1.1874 11.6000 20.8000 43.5500 176.4100 OCT. 14 112.1000 6.1600U 2.82350 91.0100 16.3750 24.1800 20.5900 43.9300 11.6500 17b.7700 0 . 1 1354 0.39525 41 .0600 4.4075 41.0700 98.1000 18.2400 2.4625 115.0500 1.1900 11.6300 20.8600 43.8600 176.7700
@FedFRASER