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Selected Interest & Exchange Rates Weekly Series of Charts SEPTEMBER 12, 1977 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MAY 1970 PARITYDOO RATIO SCALE MAY 1970 PARITY=100 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR FRENCH FRANC JAPANESE YEN SWISS FRANC GERMAN MARK 160 DUTCH GUILDER BELGIAN FRANC — 140 I 120 100 / ^ l I I I / r - v I I I I I I I 11111111111 100 100 • U.K. POUND z / V X 100 \ v \\ ^ — — ITALIAN LIRA — vCi \' 80 i \ x - — 60 — I 1975 1977 I I I I I 1975 mIMIMIM 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER ENT PER ANNUM 6 + CANADIAN DOLLAR 0 6 PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND r^J. - - 6 12 i 18 6 I I I i I ! I I I I I I II I i SWISS FRANC GERMAN MARK 4- 0 6 6 JAPANESE YEN PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER + 0 FRENCH FRANC 6 12 1975 1977 1975 1977 CL-*&T 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 180 - - 180 12.5 Kg BARS AFTERNOON FIXING PRICE 160 140 160 - 120 140 - 120 100 100 - 80 1975 1977 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS LTVX JAPAN - - 12 OVERNIGHT EURO-DOLLARS I l l II h i l l i - - 16 U.K. 2-DAY LOCAL AUTHORITY 12 \ FRANCE aJ h M „ l „ NETHERLANDS CANADA EURO-DM EURO-SWISS FRANC GERMANY 1975 1977 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 CANADIAN FINANCE CO. PAPER -J \ UNITED STATES C D ' s ! I I I I I U.K. INTERBANK STERLING GERMAN INTERBANK RATE EURO-DOLLAR SWISS INTERBANK RATE JAPAN 1975 1977 1975 1977 # CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 - OVERNIGHT J I 3-MONTH - 8 4 "ill I I I 12 7-DAY 6-MONTH 8 4 12 — 1-MONTH 1-YEAR 4 12 8 4 1975 1977 1975 1977 # • • • • • 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 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR 8 DEPOSITS FEDERAL FUNDS DASHED LINE 90-DAY CD'S rJ DASHED LINE 4 DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR FOR RESERVE REQUIREMENTS 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 i V! PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 - \1\ / INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT — 12 6 EURO-DOLLAR DEPOSITS i DASHED LINE DIFFERENTIAL DIFFERENTIAL 111 n 1111111 n h i CANADIAN FINANCE CO. PAPER, liliilnlii COVERED EURO-DOLLAR DEPOSITS 12 12 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL 11 1975 1977 1975 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM CANADA UNITED STATES " v v Z N J v I l 10 AZ - I I I ! I I JAPAN INDUSTRIAL \ I liiliiliiliiliiliiliiin SWITZERLAND GERMANY UNITED KINGDOM FRANCE NETHERLANDS U. S. CORPORATE MONTHLY U. S. CORPORATE MONTHLY / \ EURO-DOLLAR BONDS 10 Aaa BONDS EURO-DM BONDS I I I I I 1975 I 1977 1975 1977 9 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 UNITED STATES RATIO SCALE 1969-100 UNITED KINGDOM 360 [ 280 - - JAPAN ~ V " ^ j j 200 160 — - - I I I I I ! I I I I I I I ! i ! I 180 100 140 - — CANADA 100 80 — 80 - 60 \ — V - I 60 X SWITZERLAND I I - I I I I I III I I I I I I I I I n i l i h i l l I 11111111111 180 — 140 - 100 - 80 140 FRANCE GENERAL 100 INDEX GERMANY - 60 1975 1977 1975 1977 SfcRIhS NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATEa U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN G E R M A N MARK DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 7 7 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 7 7 7 7 7 7 7 -1.25 -1.11 2.50 -4.06 4.02 2.18 1.16 SEPT. 7 146.92 SEPT. 7 SEPT. 7 SEPT. 2 A U G . 26 SEPT. 2 SEPT. 2 SEPT. 2 A U G . 26 A U G . 12 SEPT. 2 5.96 o.24 6.50 7.06 3.90 3.90 5.63 6.25 2.04 1.92 89.48 134.51 157.62 147.66 72.56 100.65 113.14 182.66 139.65 70.82 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 IN 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 CHART 5. 3-MONTH INTEREST RATES U . S . CD'S (60-89 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. LAST VALUE PLCTIE DATE VALUE SERIES NAME LHAKL o . EURO-DOLLAR DEPOSIT RATES: LUNDUN OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MCNTH I-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 6.10 6.18 6.2* 6.5. 6.64 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 (60—89 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART O . 6.24 SEPT. SEPT. SEPT, SEPT. SEPT. SEPT. 6.24 5.96 0.54 6.26 5.64 0.31 INTEREST ARBITRAGE * 3-MONTH FUNDS EURO-DOLLAR UEP0S1T INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 7 7 7 6.2t 5.4b 0.61 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, CLVEREU DIFFERENTIAL SEPT. SEPT. SEPT. 7 7 7 5.88 6.25 -0.37 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFORT), COVERED DIFFERENTIAL AEPT. SEPT. SEPT. 7 7 7 6.26 6.53 -0.27 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K . COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 7 7 7 6.26 6.cG 0 . Go SERIES NAME LAST VALUE PLLTTED DATE VALUE < CHART V . LONG T E R M GOVERNMENT bLND YiELuS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCZ NETHERLANDS UNITED KINGDOM U.S. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. CHART 10. <:6 26 26 19 12 26 7.34 5.69 6.82 4.08 8.6B 10.72 6 . 64 11.42 CORPORATE AAA OONDS EURO—GTO B C N L S EURO-ULLLAR BUNDS • 26 INDUSTRIAL UNITED STATLS JAPAN CANADA FRANCE U N I T cD K I N G D O M SWITZERLAND GEKMANY STUCK JULY JULY JULY 7.9** 6.69 7.4c INDEXES AUG . AUG. AUG. AUG. AUG. AUG. AUG. C6 99.oj 19 254.00 9c.24 19 63.84 26 26 115.41 75.64 97.36 19 F E D E R A L H.10 R E S E R V E s t a t i s t i c a l SEPTEMBER FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER rele a se 12, 1977 9, 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 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW Z E A L A N D NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI L A N K A SWEDEN SWITZERLAND U N I T E D KINGDOM DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND SEP. 5 SEP. (RATE U . S . C E N T S ) SEP. 110.2000 6.04500 H 0 D 2.80000 93.0100 16.2000 2 3.9400 20.3450 43.0700 11.4500 174.1100 0.11330 0.37370 40.6100 4.3600 40.7250 96.7500 18.3300 2.4500 115.0000 1.1831 13.7000 20.5500 41.7600 174.1100 110.3000 6.05500 2.80500 93.0750 16.2400 23.9800 20.3825 43.1500 11.4500 174.3000 0.11330 0.37480 40.6000 4.3650 40.8100 96.7500 16.3600 2.4600 115.0000 1.1832 13.7000 20.5900 41.9700 174.3000 SEP. 8 SEP. 110.3000 110.2200 2.79800 93.2150 16.2300 24.0000 20.3250 43.0600 11.4500 174.2900 0.11325 0.37470 40.6350 4.3700 40.7250 96.8500 16.3650 2.4500 115.0000 1.1836 13.7000 20.5700 41.9900 174.2900 6.03750 2.79300 93.1350 16.2100 23.9500 20.3000 43.0150 11.4500 174.2400 0.11320 0.37475 40.5600 4.3475 40.6450 96.8000 18.3450 2.4575 115.0000 1.1832 13.7000 20.5600 41.8950 174.2400 6.06000
@FedFRASER