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Selected Interest & Exchange Rates Weekly Series of Charts OCTOBER 28, 1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE 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 RATES-H.10 RELEASE 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 DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY 120 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 100 80 1 I I I I 11 80 JAPANESE YEN 140 - > . FRENCH FRANC y-x ^4^ 120 100 - 120 u v : 100 ' 1 1 1 140 I I I ' ! n i i i i i i i i i 200 - - 180 200 180 160 _ GERMAN MARK SWISS FRANC J 160 1 140 140 " 120 100 ~ I I I I I I I - i - T T T I i I iiIiiIiiIm 11111111 i h i 160 120 100 160 DUTCH GUILDER BELGIAN FRANC 140 140 i 120 120 100 1 1 1 1 1 120 1 1 IMImIIIIM I T A L I A N LIRA U.K. POUND 100 120 - 100 100 80 80 1 1 1 1 1 1 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT B CANADIAN DOLLAR 0 6 6 U.K. POUND 12 SWISS FRANC GERMAN MARK DUTCH GUILDER 6 0 6 6 FRENCH FRANC JAPANESE YEN 2 per cent < n scale equals 1 per cent t n all others 0 6 24 12 1973 1975 1973 1975 L y Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS _ Afternoon fixing price 180 150 30 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 15 EURO-DOLLARS 15 JAPAN 10 5 - U.S. FEDER/s L FUNDS 1 1 1 1 1 1 lllllllllll lllllllllll — 20 0 20 £ 15 i 10 G U.K. 2 - D A Y LOCAL AUTHORITY 15 / 10 5 I I I I I I Y - lllllllllll iiliiliilii I I I I I I 5 0 — 15 10 - V jy A f Q FRANCE W - - NETHERLANDS CANADA 5 0 - - i iiI ..L ilI L „ MIMIMIM EURO-SWISS FRANC GERMANY l|» EURO JJ 5 ! A Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 12 CANADIAN FINANCE CO. PAPER UNITED STATES CD's 8 4 GERMAN INTERBANK RATE ~ U.K. INTERBANK STERLING B 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 "JAPAN Monthly 6 1973 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 16 16 7-DAY 6-MONTH 12 8 16 16 1-MONTH 1-YEAR 8 1973 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVE RNIGHT Euro dollar deposits 63-89 DAY CD'S 5 0 DIFFERENTIA I Adjusted for re< erve < requirements 1 1 ! DIFFERENT A L Adjusted for i eserve requirements 1973 Favors Borrowing in U.S. if Positive _ 1975 1973 1975 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER PER CENT PER ANNUM CENf INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS INTERBANK STERLING Covered London ^ EURO-DOLLAR DEPOSITS y" i DIFFERENTIAL DIFFERENTIAL 15 -CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 10 U.S. COMMERCIAL PAPER 5 6 PER ANNUM 20 20 \vy-~x 1. I DIFFERENTIAL v DIFFERENTIAL 5 1973 1975 1973 1975 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 / JAPAN Industrial 8 in 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro Dm bonds 10 >\ Aaa bonds Euro-dollar bonds — 8 6 1973 1975 1973 1975 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 320 140 UNITED KINGDOM JAPAN 240 100 160 60 180 180 CANADA SWITZERLAND 100 100 60 60 45 45 180 180 FRANCE General index GERMANY 100 Digitized 45 for FRASER http://fraser.stlouisfed.org/1973 Federal Reserve Bank of St. Louis 100 60 1975 1973 1975 SERIES NAME LAST VALUE PLOTTED DATE VALUE 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 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT, 22 22 22 22 22 22 22 22 22 22 85.48 119.14 142.78 137.23 85.91 105.12 126.86 165.54 129.02 92.66 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 22 22 22 22 22 22 22 -2.18 -5.07 2.96 -0.56 3.89 2.04 -1.70 OCT. 22 144.73 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 4 . 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 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 22 22 17 10 17 17 3 17 10 17 5.73 5.73 11.25 7.70 3.00 2.94 9.00 7.00 5.13 0.96 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT OCT. OCT. AUG. OCT. OCT. OCT. OCT. 22 22 22 22 22 22 5.81 4.00 9.03 6.71 9.00 11.56 5.50 SERIES NAME CHART 6 , LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR OCT. OCT. OCT. OCT, OCT. OCT. 22 22 22 22 22 22 5.73 5.69 6.13 6.71 7.53 8.09 22 22 22 22 22 22 5.73 5.73 0.24 6.71 5.81 0.81 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 22 OCT. 22 OCT. 22 6.71 6.50 0.22 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL OCT. 22 OCT. 2 2 OCT. 22 6.23 6.82 -0.59 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. 22 OCT. 22 O C T . 22 6.71 6.96 -0.24 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. 22 OCT. 22 OCT. 22 6.71 9.39 —2 . 6 8 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 5-MONTH EURO-DOLLAR DEPOSIT RATE U . S * CD'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 I SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 9 . LONG TERM GOVERNMENT BONO YIELDS UNITED STATES GERMANY JAPAN CMONTHLY> SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM OCT. OCT. AUG. OCT. OCT. OCT. OCT. OCT. 17 10 10 10 3 10 10 8.13 8.32 9.55 6.15 9.70 9.91 7.65 14.69 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS AUG. AUG. AUG. 8.90 6.07 8.68 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY OCT. OCT. OCT. SEPT. OCT. OCT. OCT. 17 3 10 12 10 17 17 93.37 194.12 97.76 100.66 80.85 61.08 87.21 FEDERAL R E S E R V E s t a t i s t i c a l r e l e a s e H . 10 OCTOBER 2 4 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 2 4 , 1975 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLL AR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND (RATE U . S . CENTS OCT. 22 O C T . 20 OCT. 2 1 126.3000 5.50000 2.57750 97.2100 16.8300 26.0300 126.4500 5.48000 2.56800 97.2300 16.7600 126.7000 5.52000 2.59350 97.3900 16.7600 38.9300 11.2500 22.8700 39.0300 11.2500 22.6000 206.1000 0.14800 0.33060 38.8500 8.0000 37.8300 104.8000 16.2400 3.7600 114,7500 1 .6950 13.3000 22.9100 37.7900 206.1000 26.0600 206.1000 0.14810 0.33210 38.9600 8.0000 37.9200 104.9000 18.3100 3.7600 114.7500 1.6900 13.3000 22.9300 37.9100 206.1000 OCT. 23 OCT. 2 4 22.9400 39.1300 11.2500 207.4500 0.14840 0.33160 39.0100 126.8500 5.50000 2.59000 97.7100 16.7900 26.08 00 22.9000 39.0500 11.2500 206.6500 0.14820 0.33130 39.0300 38.0600 105.0300 16.3300 3.7800 114.7500 1.6960 13.3000 22.9700 38.0600 207.4500 36.0200 105.3000 16.3000 3.7700 114.7500 1.6900 13.3000 22.9400 37.9600 206.6500 1 2 6 .6000 5 .51000 2 . 5 8 5 50 97 . 8 5 0 0 16 . 7 8 0 0 26 .1200 22 . 9 1 0 0 39 . 0 7 0 0 11 . 3 0 0 0 206 . 9 5 0 0 0 .14820 0 .33150 39 . 0 5 0 0 8 .0000 38 .0200 105 . 0 4 0 0 18 . 2 9 0 0 3 7700 114 9 5 0 0 1 6960 13 ,2800 22 9 3 0 0 37 9 9 0 0 206 ,9500 26.1100 8.0000 8.0000
@FedFRASER