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 31, 1977 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE 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 DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES AVERAGES FOR WEEK ENDING WEDNESDAY RATIO MAY 1< (THIN LINE) :ALE 0 PARITY-100 MAY RATIO 1 9 7 0 PARIT ' = 1 0 0 120 CANADIAN DOLLAR 100 90 FOREIGN CURRENCY PRICE OF U.S. DOLLAR I IIIIIIIII I I IIIIIIIII I I M I 140 I r \ JAPANESE YEN 100 X X ii III h i l l 11111111111 i 80 FRENCH FRANC - - 120 120 v v " "^ — - - — 100 100 I IIIIIIIII | IIII IIIIII 200 | | 11111111111 1 1 1 1 1 1 1 1 ! 11 200 — SWISS FRANC 180 : GERMAN MARK 160 1 <40 / [/ V /J 180 / 160 y - 120 120 I I I I I I I I I I II I I I I I I I 160 140 I l | 11111111111 11111111111 160 — DUTCH GUILDER BELGIAN FRANC 140 140 \l \- r f " w — - — - 120 120 i 100 i i I I ll I I I I I I I 1 1 1 1 1 ! 11111 100 100 100 ^ U.K. POUND \ ITALIAN LIRA 80 80 " ^ " I 60 60 — I I I I'll I I I I 1975 II 1977 ~ i i i I | 1975 i 11111111111 11111111111 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM ( + ) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 CANADIAN DOLLAR 0 6 PER CENT PER ANNUM 0 DUTCH GUILDER U. K. POUND - / x A - 6 12 18 12 — 6 SWISS FRANC GERMAN MARK v/- 0 -J 6 6 6 12 JAPANESE YEN 2 PER CENT ON S C A L E EQUALS 1 PER CENT ON A L L OTHER 0 FRENCH FRANC 6 12 12 24 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D O L L A R S PER FINE OUNCE U.S. D O L L A R S PER FINE OUNCE 200 20C 180 180 12.5 Kg BARS 160 AFTERNOON FIXING PRICE 160 140 140 120 120 100 100 80 80 1975 1977 PER NT PER ANNUM 16 U.S. FEDERAL FUNDS 12 8 4 OVERNIGHT E U R O - D O L L A R S 16 U.K. 2 - D A Y LOCAL AUTHORITY 12 8 4 12 CANADA 8 4 0 20 16 12 8 EURO-DM GERMANY 4 + 0 4 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM r EURO-DOLLAR - 12 - 4 CANADIAN FINANCE CO. PAPER U.S. CD S 18 14 • - U.K. INTERBANK STERLING • GERMAN INTERBANK RATE 6 # - - - I I I 14 — I- 2 - 10 11111111111 — 6 - 4 - 0 — 14 e 1 # • 10 1 — SWISS INTERBANK RATE - 6 I I I I 1 1975 • JAPANESE BANK LOANS AND DISCOUNTS 1 1977 1975 1977 CHART 5 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH 1-YEAR 1975 1977 1975 CENT 1977 PEP ANNUM 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 8 DEPOSITS - FEDERAL FUNDS DASHED LINE 90-DAY CD S DASHED LINE DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR 1975 FAVORS BORROWING IN U. S . IF POSITIVE RESERVE FOR RESERVE REQUIREMENTS REQUIREMENTS 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+). INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER PER CENT PER ANNUM /U EURO-DOLLAR CENT PER ANNUM DEPOSITS 12 / t / l INTERBANK COVERED INTERBANK STERLING COVERED LONDON EURO-DOLLAR DASHED DM FRANKFURT DEPOSITS LINE DIFFERENTIAL DIFFERENTIAL i H i i l i i I u l i i l u l i i l 11 CANADIAN FINANCE CO. PAPER, MINI COVERED EURO-DOLLAR DEPOSITS 12 12 U.S. COMMERCIAL PAPER DASHED SWISS INTERBANK (SF) LINE DASHED COVERED LINE DIFFERENTIAL DIFFERENTIAL i i h i l i i 11 n i i l i i l u l i i 1975 1977 i 1975 1111 ill11111 11111111111 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER A :ENT PER ANNUM CANADA 9 10 UNITED STATES / 8 5 6 8 11 JAPAN \ INDUSTRIAL VX SWITZERLAND 6 9 GERMANY 7 4 2 13 18 11 16 UNITED KINGDOM FRANCE 9 14 7 12 NETHERLANDS 5 10 12 11 U. S. CORPORATE MONTHLY U. S. CORPORATE MONTHLY / \ EURO-DOLLAR BONDS A 10 Aaa 9 BONDS 8 EURO-DM 7 BONDS 6 5 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES SCALE 195' oc 18C - - 14C UNITED - STATES 10C 8( RATIO SCALE 1969-100 140 6C UNITED KINGDOM 36C - 100 28C JAPAN 200 60 160 120 180 100 140 SWITZERLAND CANADA - 80 100 60 80 — 60 40 180 180 140 140 FRANCE GENERAL INDEX GERMANY 100 100 80 80 60 60 1975 1977 1975 1977 S E R I E S 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 . GOLD PRICE U.S. 4. DOLLAR IN 88.25 142.36 161.48 148.80 73.91 97.45 114.47 194.79 141.57 70.99 OCT. 26 O C T . 26 OCT. 26 OCT. 26 O C T . 26 OCT. 2 6 OCT. 26 -0.38 1.81 3 . 14 -2.74 5.19 2.17 2.82 PFR LONDON F I N E OUNCF OCT. 26 162.06 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 26 26 21 21 21 21 21 21 7 21 6.50 6.50 4.38 7.23 3.95 3.71 5.00 8.38 3.69 0.50 O C T . 26 OCT. 26 OCT. 26 OCT. 26 OCT. 26 OCT. 26 OCT. 2 6 6.57 4.08 5.25 7.25 7.30 4.93 1.92 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 . OCT. 26 OCT. 26 OCT. 26 OCT. 26 OCT. 26 OCT. 26 OCT. 26 O C T . 26 OCT. 26 OCT. 26 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . LAST VALUE PLOTTED DATE VALUE 3-MONTH INTEREST 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 STERLING SWISS INTERBANK LOAN LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 26 26 26 26 26 26 6.50 6.44 6 . 66 7.25 7.36 7.51 OCT. OCT. OCT. OCT. OCT. OCT. 26 26 26 26 26 26 6.50 6.50 0.27 7.25 6.57 0.56 EURO-DOLLAR DEPOSIT INTERBANK S T E R L I N G ( L O N D O N ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 26 26 26 7 .21 6.73 0.52 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL OCT. OCT. OCT. 26 26 26 6.57 6.92 -0.35 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 26 26 26 7.25 7.22 0.03 EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVERED DIFFERENTIAL OCT. OCT. OCT. 26 26 26 7.25 7.11 0 . 14 OCT. OCT. OCT. OCT. OCT. OCT. OVERNIGHT 7-DAY 1-MONTH 3—MONTH 6-MONTH 1-YEAR CHART 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 . C D ' S ( 6 0 - 6 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST A R B I T R A G E , 3-MONTH FUNDS S E R I E S NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 10. OCT. 2 1 O C T . 14 AUG. O C T . 14 OCT. 21 OCT. 7 7 OCT. OCT. 2 1 7 .55 5,. 6 9 6 .. 8 2 3 ,. 8 9 8 .. 6 9 1 0 ., 7 5 7 .. 2 1 1 0 ., 0 0 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART LAST VALUE PLOTTEC VALUE DATE INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY SEPT. AUG. AUG. 7.92 6.65 7.46 STOCK INDEXES OCT. 2 1 SEPT. 23 SEPT. 30 OCT. 7 OCT. 2 1 OCT. 21 OCT. 14 95.40 255.78 6 6 . 18 67.36 125.01 78.17 97.67 FEDERAL H . 10 RESERVE statistical release OCTOBER 2 8 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 2 8 , 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^ 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 <RA'fE U . S . CENTS OCT. 26 MONETARY UNIT OCT. 24 OCT. 25 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC 0 . MARK RUPEE POUND L IRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 112.3500 6.20000 2.83350 90.1000 16.4400 24.1400 20.6650 44.2300 11 . 6 5 0 0 177.4300 0.11362 0.39690 41.2000 4.4150 41.2000 98.4000 18.3000 2.4675 115.2000 1.1947 11.6300 20.9000 44.8000 177.4300 112.2000 6.20000 2.83500 89.8500 16.3400 24.1100 20.6200 44.1900 11.6500 177.6600 0.11357 0.39630 41 .2700 4.4100 41.1100 98.5000 18.2200 2.4650 115.0500 1.1960 11.6300 20.8900 44.6700 177.6600 112.2000 6.20250 2.83500 89.9200 16.3800 24.0900 20.6250 44.1900 11.6500 177.8000 0.11365 0.39745 41.3500 4.4100 41.1500 98.4500 18.2400 2.4575 115.1500 1.1960 11.6300 20.8800 44.7100 177.8000 OCT. 27 OCT. 26 112.4200 6.20000 2.83150 90.0700 16.3800 24.0950 20.6100 44.0800 11.6500 177.6700 0.11350 0.39950 41.4000 4.4100 41.1350 98.6500 16.2600 2.4575 115.1000 1.1962 11.6300 20.8700 44.5900 177.6700 112.1500 6.19250 2 .83450 90.7000 16.3500 24.0000 20.6500 44.1950 11.7000 177.7400 0.11362 0.39920 41.4000 4.4075 41.2250 96.4000 18.2900 2.4500 115.2000 1.1963 11.6300 20.8900 44.6550 177.7400
@FedFRASER