The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
X- c v Selected Interest & Exchange Rates Weekly Series of Charts OCTOBER 25, 1977 DIVISION OF INTERNATIONAL FINANCE F I M N C I A L MARKETS SECTION FEDERAL RESERVBTYSTEM 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1970 PARITY=100 RATIO SCALE MAY 1970 PARITY=100 120 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR pn - | I 100 L 80 — 80 140 FRENCH FRANC JAPANESE YEN 120 SWISS FRANC GERMAN MARK DUTCH GUILDER BELGIAN FRANC 100 100 U.K. IPOUND - 80 - 60 - I I 1975 I 80 - I I I I I I I I II I 1977 1975 1977 60 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 A a + CANADIAN DOLLAR 0 - 6 I I I I I I PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND / y v V 6 1 12 18 6 1 1 1 i i i i i l n l i i 12 SWISS FRANC GERMAN MARK — 6 + 0 6 6 6 12 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 J.S. DOLLARS PER FINE OUNCE 200 200 180 12.5 Kg BARS AFTERNOON FIXING PRICE - 160 - 140 - 120 - 100 80 1975 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER ENT PER ANNUM PER CENT PER AH 16 16 U.S. FEDERAL FUNDS VyL 12 JAPAN -> - 8 4 8 OVERNIGHT EURO-DOLLARS I 16 I I I I - 4 - 16 - 12 I - U.K. 2 - D A Y LOCAL AUTHORITY 12 \ FRANCE kJ 8 8 4 I I I iih.iiiiO 12 4 12 CANADA NETHERLANDS 8 8 4 4 0 0 20 20 16 12 8 16 12 EURO-DM GERMANY EURO-SWISS FRANC 8 4 4 + 0 + 0 4 4 1975 1977 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM EURO-DOLLAR CANADIAN FINANCE CO. PAPER U.S. CD'S U.K. INTERBANK STERLING V GERMAN INTERBANK RATE # 14 SWISS INTERBANK RATE w e \ 10 | JAPANESE BANK LOANS AND DISCOUNTS 6 I I I 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 - / \A A / " i i i - I I - I i * — 12 12 7-DAY 6-MONTH - ^ 1-MONTH 1975 \J\ / I I I - I I I n i l i h i l i i 1-YEAR 1977 1975 1977 - 12 — 4 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER ANNUM CENT PER ANNUM 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH E U R O - D O L L A R DEPOSITS 8 FEDERAL FUNDS DASHED LINE 90-DAY CD'S rJ DASHED LINE 4 DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS FOR RESERVE REQUIREMENTS + 0 1975 FAVORS BORROWING IN U. S. IF POSITIVE 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 |y 12 PER CENT PER ANNUM EURO-DOLLAR DEPOSITS - \l\ ' Z / INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I I I ill CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 -I U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL -LLLL 1975 iiliiliiliilnliiliilii I I I I I II I I I I 1977 1975 1977. 12 6 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER AL PER I INT PER ANNUM 9 CANADA UNITED STATES 10 7 8 5 6 8 11 / A \ JAPAN \ INDUSTRIAL SWITZERLAND 6 9 GERMANY 7 4 o 2 13 18 16 11 UNITED KINGDOM FRANCE 9 14 7 12 NETHERLANDS 5 10 12 11 U. S. CORPORATE MONTHLY U. S. CORPORATE / > MONTHLY EURO-DOLLAR BONDS 10 9 Aaa BONDS 8 7 EURO-DM BONDS 6 5 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969= 00 180 — — 140 - UNITED STATES 100 80 RATIO SCALE 1969=100 - 60 UNITED KINGDOM 360 280 JAPAN 200 160 5 120 180 140 SWITZERLAND CANADA 100 80 60 180 140 FRANCE GENERAL INDEX GERMANY 100 80 60 1975 1977 1975 1977 SERIES NAME 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 CHART 2 . DOLLAR PER FINE OUNCE 36,.32 142,.05 161,. 0 1 148.. 7 1 7 3 , .76 9 7 , .97 114..43 192, .47 141.,27 7 0 . ,96 OCT. 19 OCT. 19 OCT. 19 OCT. 19 OCT. 19 OCT. 19 OCT. 19 -0.31 2.28 3.49 -2.15 5.29 2.52 3.00 OCT. 19 159.57 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 . 19 19 19 19 19 19 19 19 19 19 GOLD PRICE I N LONDON U.S. CHART 4 . 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 GMART 3 . LAST VALUE PLOTTED DATE VALUE OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SEPT. OCT. 19 19 14 14 14 14 14 14 30 14 6.50 6.62 4.88 6.88 3.95 3.58 5.00 8.38 1.70 0.71 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 19 19 19 19 19 19 19 6.63 4.10 5.25 7.30 7.23 4.85 2.20 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OCT. OCT. OCT. OCT. OCT. OCT. 19 19 19 19 19 19 6.62 6.60 6.81 7.3C 7.67.74 19 19 19 19 19 19 6.62 6.50 0.40 7.30 6.63 0.55 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 19 OCT. 19 OCT. 19 7.3 7.13 0.17 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL OCT. 19 OCT. 19 OCT. 19 6.59 6.92 —0. 33 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. 19 OCT. 19 OCT. 19 7.30 7.59 -0.29 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT. 19 OCT. 19 OCT. 19 7.30 7.49 -0.19 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 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 . C D ' S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 8. OCT. OCT. OCT. OCT. OCT. OCT. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM OCT. OCT. AUG. OCT. OCT. SEPT. SEPT. OCT. 14 7 7 14 30 30 14 7..55 5.• 70 6 ..82 3 ..93 8 ..70 10.. 8 1 7 . .18 10..17 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS SEPT. AUG. AUG. 7.92 6.65 7.46 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY OCT. SEPT. SEPT. SEPT. OCT. OCT. OCT. 14 23 16 30 14 14 7 9 6 . .87 255, .78 87,.39 8 6 . .16 119,.10 7 9 . .80 9 7 . .20 F E D E R H . 10 A L R E S E R V E s t a t i s t i c a l OCTOBER 2 1 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 2 1 , r e l e a s e 1977 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 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 PtSATA RUPEE KRONA FRANC POUND 112.3300 6.20000 2.83000 90.4100 16.4300 24.2100 20.6525 44.1650 11.6500 177.2200 0.11363 0.39600 41.1800 4.4075 41.1800 98.3000 18.3000 2.4700 115.0500 1.1925 11.6300 20.9400 44.1100 177.2200 17 OCT. 18 (RATE U . S . CENTS OCT. 19 112.3000 6.19000 2 .83250 90.1300 16.4050 24.2200 20.6250 44.1750 11.6500 177.4100 0.11363 0.39650 41.2450 4.4050 41.1700 98 . 3 0 0 0 IB.2450 2.4700 114.7900 1.1915 11.6300 20.9100 44.2650 177.4100 112.1600 6.19500 2.82500 90.5800 .16.3800 24.2300 20.5700 43.9800 11.6500 177.3200 0.11350 0.39300 41.1500 4.4100 41.0000 98.3000 18.2300 2.4700 114.7900 1.1923 11.6300 20.9000 44.2900 177.3200 OCT. 20 112.0500 6.16000 2.82700 90.3400 16.3600 24.1950 20.5650 44.0000 11.6500 177.0500 0.11350 0.39340 41.1400 4.4100 41.0300 98.4000 18.2000 2.4600 114.7900 1.1916 11.6300 20.8200 44.2350 177.0500 OCT. 21 112.1200 6.17250 2.82700 90.5000 16.3700 24.1225 20.5700 43.9900 11.6500 176.9400 0.11360 0.39320 41.1700 4.4100 41.0300 98.2000 18.2400 2.4575 115.2000 1.1933 11.6300 20.8400 44.3100 176.9400
@FedFRASER