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(516/517) LlB • oMft f ,1 - *AliY t Oct p „ . Selected Interest & Exchange Rates Weekly Series of Charts October 22, 1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 I Table of Contents TABLES 1. LATEST FIGURES PLOTTED 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 SUBSCRIPTION RATES: 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 Goverrkgs of the Federal Reserve System in a form collectible at par in U.S. Currency. r CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1 9 7 3 = 1 0 0 ' RATIO SCALE MARCH 1 9 7 3 = 1 0 0 120 120 - - 100 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 — I 60 - 80 mINIMIM 60 CANADIAN DOLLAR V I I i i i 180 160 GERMAN MARK - FRENCH FRANC y\ - 140 120 - 100 A 120 - I 100 I I I I I 80 i,li|I,,|I, " i i i i i n l i i l i i l i T i 240 160 140 JAPANESE YEN 120 — 100 - — f j \ — yv SWISS FRANC r f ^ \ yV^v / — - 80 - 160 - 140 - 120 - 200 N L y J i i i i i i i i , iiliiliilii 111111111 ^ r T T > r n - DUTCH GUILDER A (V ^x/' — 11111111 i i i 160 - 140 11111111111 — 140 — 120 - — I I I i i i l l 11 h i l l i i 100 I I I I I A v U X POUND 80 ~ 100 i — - 120 160 BELGIAN FRANC 100 • - - 100 ITALIAN LIRA A j - 80 — 60 I # e 60 — i i i 1977 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 6 |— CANADIAN DOLLAR ITALIAN LIRA 24 6 6 U. K. POUND DUTCH GUILDER + 0 6 12 18 18 12 GERMAN MARK SWISS FRANC 6 + 0 6 + 0 FRENCH FRANC JAPANESE YEN 6 12 1977 1979 1977 1979 10/19/79 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE F s . DOLLARS PER FINE OUNCE 450 450 400 400 350 350 - 12.5 Kg BARS AFTERNOON FIXING PRICE 300 250 - 300 - 250 200 - 150 100 100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 14 JAPAN 10 - OVERNIGHT EURO-DOLLARS - 6 — 4 U.S. FEDERAL FUNDS 2 0 16 16 1 1 U.K. 2-DAY LOCAL AUTHORITY \2 12 NETHERLANDS V I I I 1 1 \ yr CANADA 4 - V I "N I I I I I .JU. A »~ - FRANCE I i J 11111111111 1 1 1 1 1 1977 - 12 - 1 4 - I L EURO-DM I 4 - 8 - 4 EURO-SWISS FRANC \J 1 - I 1 GERMANY 1 1 1 8 MIIIIMIII 12 8 — L 1979 1977 1979 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER AN ENT PER ANNUM 16 . INTERBANK STERLING ~ 12 U.S. CD S 8 WEIGHTED AVERAGE FOREIGN RATE 4 10 GERMAN INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS 6 2 — SWISS INTERBANK RATE - — 4 CANADIAN FINANCE CO. PAPER HA A A/ — + 0 i 1977 1979 i i I I I iiImImIm 1977 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 8 4 12 8 4 12 8 4 1977 1979 1977 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 - 10 - 14 - 12 OVERNIGHT EURO-DOLLAR DEPOSITS M h/f- /\/"\ / - I 3-MONTH - EURO-DOLLAR DEPOSITS - - v FEDERAL FUNDS Jr I I I J/ I 1 y 9 0 - D A Y CD'S DASHED LINE I 1 I I 1 I I 1 I I 1 1 1 1 1 1 1 1 1 1 1 I FOR I I i i I i i I i i I i i I i i I i i I i i I i i DIFFERENTIAL DIFFERENTIAL ADJUSTED DASHED LINE RESERVE REQUIREMENTS I I I I I I I 1977 FAVORS BORROWING IN U. S . IF POSITIVE 1979 1977 1979 10 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PEP ANNUM PER CENT PER ANNUM 14 16 EURO-DOLLAR DEPOSITS - 12 - 10 CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON U.S. COMMERCIAL PAPER DIFFERENTIAL A ... I A-VLyvv DIFFERENTIAL I I I I I I ' l l h l l l l l l l n l i i l i l l l l 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM COVERED FRANKFURT 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE LLl DIFFERENTIAL DIFFERENTIAL 1977 1979 1977 1979 4 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 10 11 — UNITED STATES I V^Ay/V - r— CANADA fJ 9 - I 6 I I I I I I ii III h i l l i I nliiliilir I I I I I 7 10 - — - I 4 GERMANY * I I I I I J n h i h . l n - S I I SWITZERLAND - i I r i .iiiniiiin 11111111111 13 UNITED KINGDOM FRANCE 11 9 - NETHERLANDS 5 11 U. S . CORPORATE 11 MONTHLY MONTHLY - Aaa BONDS * A JAPAN y v ~ EURO-DOLLAR BONDS I 1977 1979 I I I I 1977 I i l l ii h i l l i 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCAL 1969=10 140 UNITED STATES 120 A rf A , V V 100 \ v -Z 1 - UNITED KINGDOM 80 I 360 I I i . h . l n l i , r — 320 - 280 - —: JAPAN - 240 - y - 200 I 1 1 1 I I nlMlnl,; ,,l „ | | , I n 140 — 120 - 100 SWITZERLAND 80 100 CANADA f - 60 80 — 1 1 1 I I I 50 170 150 — - / 130 FRANCE GENERAL INDEX l\ J A / V 170 - - 150 - - 130 ^ GERMANY 110 - 110 90 - 90 70 111 I I 1977 S I 1979 1977 1979 LAST VALUE PLOTTED DATE VALUE SERIES NAME FCHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . MARCH 1 9 7 3 GHTEO AVERAGE EXCHANGE VALUE I N D I C E S , ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 2 . 61.26 3.43301 0.12058 BASE RATES = 100 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 U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 55.69 0.43492 50.28 215.48 85.14 23.74 OCT OCT OCT OCT OCT OCT OCT OCT OCT GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA INDICES, CENTS) OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 1 1 1 1 1 5 6 . .67 1 1 3 . ,88 1 4 4 . ,35 8 7 .. 1 5 8 4 . ,86 1 0 6 . .98 1 9 7 ., 0 9 1 3 5 .. 2 8 6 8 . .50 MAR 1 9 7 3 = 100 87.77 151.32 103.08 132.67 76.71 75.30 96.15 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 180.82 123.33 59.58 94.62 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 1 1 1 1 1 1 1 1 1,.35 0 .. 6 2 6,. 6 9 1,. 2 3 12.. 4 1 4.. 9 0 6.. 8 0 — 1.12 < LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE U.S. CHART 4 . I N LONDON, AFTERNOON F I X I N G EURO-DOLLAR DEPOSIT RATES: 13 . 2 2 13 . 4 5 13 . 6 3 11 . 3 1 8.20 7 .43 6 .69 11 . 2 5 8 .10 1 .69 OCT. OCT. OCT. OCT. OCT. OCT. OCT. i LONDON OCT. 17 OCT. 17 OCT. 17 OCT. 17 OCT. 17 OCT. 17 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . OCT. 17 OCT. 17 OCT. 12 OCT. 12 OCT. 12 OCT. 19 OCT. 12 OCT. 12 SEPT. 2 1 OCT. 19 3-MONTH INTEREST RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST R A I L ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 395 . 9 3 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 . 17 OCT. DOLLARS PER F I N E OUNCE SELECTED EURO-DOLLAR AND U . S . 13.45 13.76 14.44 14.71 14.70 13.76 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 OCT. OCT. OCT. 17 17 17 13.45 13.22 0.33 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL OCT. 17 OCT. 17 OCT. 17 14.71 13.59 1.12 LAST VALUE PLOTTED VALUE DATE SERIES NAME CHART 8 . INTEREST ARBITRAGE, 3—MONTH FUNDS OCT. 17 OCT. 17 OCT. 17 14.71 14.55 0.16 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL OCT. 17 OCT. 17 OCT. 17 13.29 14.56 -1.27 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT>, COVERED DIFFERENTIAL OCT. 17 OCT. 17 OCT. 17 14.71 15.40 —0.69 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT. OCT. OCT. 17 17 17 14.71 15.04 -0.33 OCT. 12 SEPT. 28 AUG. S E P T . 28 OCT. 12 6 JULY 5 OCT. OCT. 12 10.09 7-56 7.92 3.50 10.82 10.83 8.50 11.13 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), DIFFERENTIAL CHART 9 . COVERED LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . AUG. DEC. AUG. 9.23 6.63 8.99 INDUSTRIAL STOCK I N D I C E S UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY 5 OCT. SEPT. 2 1 DEC. 29 SEPT. 1 4 SEPT. 2 1 SEPT. 2 1 SEPT. 28 1 1 4 .,98 3 0 2 . ,07 1 1 3 .. 8 1 1 5 0 ,, 5 0 1 0 9 . .65 7 9 .. 8 2 1 0 0 .. 2 1 FEDERAL RESERVE statistical release 1. H *10<512J FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 1 9 , OCTOBER 2 3 , 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 MONETARY UNIT OCT. 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 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 111.4500 7.72797 3.46021 85.1861 19.1351 26.5252 23.7332 55.7414 12.2300 208.8000 0.12048 0.43516 46.1894 4.3840 50.2765 98.6000 20.1207 2.0040 120.7500 1.5138 6.4000 23.7276 61.3497 215.7000 15 OCT. 16 IRATE 111.2400 • 7.72201 3.44709 85.1426 19.0730 26.4725 23.6911 55.5741 12.2300 207.7500 0.12044 0.43103 46.0193 4.3860 50.1706 98.3500 20.0884 2.0028 120.6500 1.5140 6.4000 23.6602 61.0687 215.2500 U.S. OCT. CENTS 17 110.8600 7.70416 3.44709 84.9834 19.0385 26.4445 23.6407 55.*478 12.2300 207.3500 0.12042 0.42717 45.9982 4.3860 50.0877 98.1000 20.0501 1.9928 120.6500 1.5145 6,4000 23.6127 60.4961 214.4500 OCT. 18 111.0500 7.72499 3.45066 84.7889 19.0949 26.4480 23.7304 55.6731 12.1200 207.5000 0.12063 0.43070 45.9982 4.3821 50.2059 98.1500 20.0884 2.0000 120.7500 1.5138 6.4000 23.6574 60.9570 215.2500 OCT. 19 111.2000 7.71456 3.45304 - 84.6382 19.0803 26.4410 23.7023 55.6081 12.1100 207.5000 0.12048 0.43356 46.0193 4.3783 50.2008 98.3000 20.0924 2.0000 120.7500 1.5126 6.4000 23.6323 60.8088 215.4500
@FedFRASER