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Selected Interest & Exchange Rates \Afeekly Series of Charts OCTOBER 29,1974 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE I / B O A R D OF GOVERNORS / FEDERAL RESERVE SYSTEM vJUaefffngton, D C. 20551 V 1 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 RATESH.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 2? Chart 1 SPOT EXCHANGE RATES INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY 100 120 CANADIAN DOLLAR 90 A I l\ j FOREIGN CURRENCY \ \ y - \ / \ f 80 - P R I C E OF U.S. DOLLAR! Weighted average I V/^ I I I I I I I llllllllllll llhlllllll 100 I I I I I I - JAPANESE YEN FRENCH FRANC 140 i/x: 120 140 120 - V 100 100 1 1 1 1 1 1 I I I I I I Ml..I.ill. ..INI..IN 180 180 180 - j GERMAN MARK SWISS FRANC - 160 - 140 140 120 120 - 100 100 I 160 I I I I I I I | M | M | , I. . I N I M I N 160 DUTCH GUILDER BELGIAN FRANC - 140 140 120 120 / ' 100 Z i i 100 i I I 120 I I T A L I A N LIRA U.K. POUND 100 80 n l n l n l n 1 1 1 1 1 1972 , 111111111, 120 , " 100 1 80 1974 A Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PE [NT PER ANNUM ' I CANADIAN DOLLAfif , ( ( I I I I I v v I f PER CENT PER ANNUM SWISS FRANC c E 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 12 FRENCH FRANC 6 0 6 12 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 200 12.5 Kg BARS - Afternoon fixing price 150 100 SO 30 1972 1974 Chart 4 CALL MONEY RATES WEEKLY SERIES 15 15 10 OVERNIGHT EURO-DOLLARS 10 JAPAN 5 5 U.S. FEDERAL FUNDS 0 0 20 20 15 15 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 10 10 5 5 0 0 15 15 10 10 NETHERLANDS CANADA 5 5 0 0 20 20 EURO-SWISS FRANC 15 15 10 10 GERMANY 5 5 0 0 EURO-DM 5 5 1972 1974 1972 1974 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 20 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 16 12 8 4 16 12 EURO-DOLLAR 12 SWISS DEPOSIT RATE 8 JAPAN Monthly 4 1972 1974 1972 1974 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 8 16 16 16 1972 11 1974 1972 1974 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 15 15 FEDERAL FUNDS 3-MONTH Euro-dollar deposits OVERNIGHT Euro-dollar deposits r.l n'Avt'' 60-89 DAY CD's Mtfv ' * I DIFFERENTIAL usted for reserve requirements I I I II II II I I I I I I 1972 http://fraser.stlouisfed.org/ Favors Borrowing in U.S. if Positive Federal Reserve Bank of St. Louis DIFFERENTIAL Adjusted for reserve requirements I I I I I i I ' I II I I II I I I I II I l 1974 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PE* » : N : * : • *«, ENT PER ANNUM 20 20 INTERBANK DM, COVERED Frankfurt - 15 15 EURO-DOLLAR DEPOSITS / c 10 10 5 NTERBANK STERLING, ' u ,'Vl |X COVERED London 5 1 EURO-DOL LAR DEPOSITS u v ' ; ' 1iVfy .yV'"v 0 DIFFERENTIAL 1 ^ . n 5 0 \ 1 l I 5 If/1 I v/' V 10 10 DIFFERENTIAL I 15 1 I 111 111 111II l l l l l l l l l l l I I I I I liiliilnlnliihilnlii 15 15 20 20 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 15 10 10 5 5 U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF), COVERED 0 •y v " - x v" 0 DIFFERENTIAL DIFFERENTIAL 5 1 1972 1974 5 1972 1974 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 UNITED STATES CANADA 7 5 12. 12 GERMANY FRANCE 10 8 / JAPAN Industrial NETHERLANDS 6 10 UNITED KINGDOM 8 SWITZERLAND 6 12 12 U.S. CORPORATE Monthly „ U.S. CORPORATE Monthly Euro—Dm bonds 10 Euro—dollar bonds Aaa bonds 8 6 1972 1974 1972 1974 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 240 180 UNITED STATES 100 320 240 160 UNITED KINGDOM 120 JAPAN 80 40 200 200 150 150 CANADA SWITZERLAND 100 SO 240 240 180 FRANCE General index GERMANY 100 100 80 1972 1974 1972 1974 V* SERIES NAHF 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 CHART 2 . OCT OCT OCT OCT, OCT. OCT. OCT. OCT. OCT. OCT. 23 23 23 23 23 23 23 23 23 23 84.233 120.200 141.799 136.922 97.144 109.977 117.433 151.855 130.255 93.422 3-MONTH 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. 23 23 23 23 23 23 23 -0.111 -2.833 1.C33 —4.566 1.244 1.033 -1.555 OCT. 23 156.611 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT OCT 23 23 11 II 18 18 11 11 11 18 9.811 9.522 8.700 9.000 9.211 12.500 13.133 7.811 3.922 OCT. OCT. AUG. OCT. OCT. OCT. SEPT. 23 23 30 23 23 23 11 9.000 9.700 9.300 10.655 10.855 11.499 7.000 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 EUPO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC 10.888 CHART 5 . 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSIT LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 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 23 23 23 23 23 23 9.522 9.555 9.899 10.655 10.711 10.494 23 23 23 23 23 23 9.522 9.811 0.544 10.655 9.000 1.800 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 2 3 OCT. 2 3 OCT. 2 3 10.655 8.666 1.999 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL OCT. 2 3 OCT. 2 3 OCT. 23 9.388 10.744 -1.3? EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL OCT. 2 3 OCT. 2 3 OCT. 2 3 10.655 10.733 -0.088 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. 2 3 OCT. 2 3 OCT. 2 3 10.655 1.244 9.411 7. SELECTED EURO-DOLLAR AND U . S . 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 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S ( 6 0 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 8. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 4 11 30 6 11 4 11 11 7 .999 10.711 10.188 7.366 9.499 11.000 9 . ,666 15.688 SEPT. 27 AUG. 3 0 AUG. 30 9.244 9.377 10.066 OCT. OCT. AUG. SEPT. OCT. OCT. OCT. OCT. U . S . CORPORATE AAA BONDS EURO—DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY OCT. OCT. OCT. OCT. OCT. OCT. OCT. 18 11 11 11 11 11 11 74.600 172.100 91.166 81.600 45.477 56.477 71.011 FEDERAL RESERVE H . 10 OCTOBER 2 5 , 1974 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 2 5 , 1974 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 ( 1 ) SWEDEN SWITZERLAND UNITED KINGDOM (1) MONETARY UNIT OCT. 2 1 OCT. 22 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 130.7700 5.41000 2.59750 101.6400 16.5500 26.4000 21.1100 38.6000 12.4000 232.9900 0.14940 0.33370 41.6000 8.0000 37.6600 130.2500 19.0900 3.9300 142.7500 1.7430 14.9000 22.7600 34.6000 232.9900 130.7500 5.41000 2.60600 101.6500 16.6500 26.3500 21.1300 38.6700 12.4000 232.9500 0.14930 0.33340 41.6000 8.0000 37.8100 130.2500 18.0700 3.9200 142.7500 1.7415 14.9000 22.7500 34.8000 232.9500 (RATE U . S . CENTS) OCT. 23 S R I LANKA PREVIOUSLY KNOWN AS CEYLON 130.6400 5.45000 2.62000 101.6500 • 16.7400 26.3500 21.2400 38.8750 12.4000 233.2500 0.14970 0.33370 41.6200 8.0000 38.0700 130.0000 18.1800 3.9400 142.7500 1.7440 14.9000 22.8700 35.0800 233.2500 OCT. 2 4 OCT. 25 130.8000 5.45000 2.62350 101.6600 16.7200 26.5000 21.2600 38.8500 12.4000 233.1500 .0.14980 0.33340 41.7000 8.0000 38.0800 129.5000 18.1500 3.9400 142.7500 1.7445 14.9000 22.8600 35.0800 '233.1500 130.8000 5.46000 2.62150 101.7100 16.7700 26.4300 21.2600 38.6600 12.4000 233.3200 0.15000 0.33350 41.6000 8.0000 37.960(T 129.5000 18.1800 3.9600 142.7500 1.7430 14.98C0 22.P500 35.0900 233.3200 .
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