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Selected Interest 8v Exchange Rates XAfeekly Series of Charts SEPTEMBER 15,1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 "Table of Contents Cf'ARTS 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND. YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 ; SPOT EXCHANGE RATES A V E R A G E S FOR WEEK E N D I N G W E D N E S D A Y GALE D PARITY*100 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 80 JAPANESE YEN 140 140 120 110 1 X ^ V / - v x 100 100 i i i I i i i 200 #00 - - 180 no ieo SWISS FRANC GERMAN MARK J V I v 4 \v~\- - 160 " 140 140 - 100 120 - I 100 1 I mliiliilii 11 f 111111M 160 100 DUTCH GUILDER BELGIAN FRANC 140 140 r 1S0 : too 100 I I I I I I I I I 120 4 / l l 1 100 % I ^ l liiliilnlii ITALIAN LIRA U.K. POUND 11111111111 100 120 V 100 100 V \. / . VA 1 80 00 ' 1 1 1 1 1 1 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY •NT PER ANNUM 6 CANADIAN DOLLAR z ^ A a . A A . 0 6 v v I 11 i i n lllllllllll PER CENT PER ANNUM 18 6 SWISS FRANC - 0 J ~T \V - 6 - I 12 12 GERMAN MARK I I I I I llllllllllll DUTCH GUILDER 6 0 6 6 FRENCH FRANC 0 6 12 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others / Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY u a . D O O M S PC* F D E OUNCE 12.5 Kg BARS Afternoon fixing price 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES NT PER ANNUM PER CENT PER M OVERNIGHT 15 JAPAN f 10 5 - U.S. FEDERAL FUNDS I 1 1 1 1 1 1 0 20 U.K. 2-DAY LOCAL AUTHORITY 15 FRANCE 15 10 10 5 5 0 0 16 15 NETHERLANDS 10 10 CANADA 5 5 - 0 1 1 1 1 I I d 1 to 20 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 5 t 0 EURO-DM 5 5 5 , Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT CANADIAN FINANCE CO. PAPER 12 UNITED STATES CD's 8 4 18 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 12 8 Inlnlii 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 <y JAPAN Monthly 1973 1975 1973 1075 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT. 3-MONTH 12 8 4 1 Illiillilll 16 16 7-DAY 6-MONTH 12 8 16 16 1-MONTH 1-YEAR 12 vV 8 4 1973 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro-dollar deposits 60-89 DAY CD'S 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements I I I I 1873 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 ANNUM PER-CENT PER | 80 20 15 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERLING Covered London , 10 10 EURO-DOLLAR DEPOSITS 5 0 5 0 DIFFERENTIAL y " i DIFFERENTIAL 5 5 10 10 15 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 10 10 5 15 U.S. COMMERCIAL PAPER 5 SWISS DEPOSITS COVERED i\tJ\ t j r 0 J * t\A DIFFERENTIAL 5 /W i I V . I " v J a DIFFERENTIAL 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS W E E K L Y SjER|ES 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 / JAPAN Industrial 8 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 Eurodollar bonds 8 6 1973 1975 1973 1975 Chart 10 INDUSTRIAL VrOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 45 320 JAPAN UNITED KINGDOM 240 140 100 160 60 35 180 180 CANADA SWITZERLAND 100 180 180 FRANCE General index GERMANY 100 100 60 60 45 1973 1973 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 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 10 10 10 10 10 10 10 10 10 10 85.18 120.78 141.69 136.83 87.90 105.15 125.96 162.93 129.59 93.19 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 10 10 10 10 10 10 10 -1.51 -3.33 3.76 —0.06 4.86 3.69 -1.92 SEPT. 1 0 151.43 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE 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 SEPT. SEPT. SEPT. AUG. SEPT. SEPT. SEPT. SEPT. AUG. SEPT. 10 10 5 29 5 5 5 5 29 5 6.15 6.50 10.00 7.75 4.00 4.21 10.00 7.00 3.13 0.98 SEPT. SEPT. AUG. SEPT. SEPT. SEPT. SEPT. 10 10 1 10 10 10 10 6.44 3.96 9.11 7.19 9.05 10.31 5.50 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S (60—89 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT SERIES NAME CHART 6 . LAST VALUE PLOTTfC DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 10 10 10 10 10 10 6.50 6.47 6.74 7.19 8.13 8.58 10 10 10 10 10 10 6.50 6.15 0.62 7.19 6.44 0.64 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. 10 SEPT. 10 SEPT. 10 7.19 6.98 0.20 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL SEPT. 10 SEPT. 10 SEPT. 1 0 6.75 7.54 -0.79 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. 10 SEPT. 10 S E P T . 10 7.19 7.72 -0.53 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL SEPT. 1 0 SEPT. 1C SEPT. 1 0 7.19 10.36 -3.17 CHART 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 . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 , SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 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 SEPT. AUG# AUG, AUG. AUG. AUG. AUG. AUG. 5 29 1 29 29 29 29 29 9.39 9.94 7.69 13.87 AUG. AUG. AUG. 1 1 1 8.84 8.42 8.52 SEPT. AUG. AUG. AUG. AUG. SEPT. AUG. 5 29 29 29 29 5 29 89.90 201.27 102.96 103.95 78.04 61.60 85.81 8.30 8.30 9.41 6.18 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 5LS2X»*/. F E D E R A L R E S E R V E s t a t i s t i c a l H.10 r e l e a s e SEPTEMBER 1 2 , 1975 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 1 2 , 1975 The Board|of Governors jof 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 SEP. 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 127.6500 5.48000 2.59150 97.3100 16.7100 26.3100 22.6800 38.7500 11.4000 211.1000 0.14910 0.33560 39.6700 8.0000 37.8500 106.2000 18.1000 3.7600 139.7000 1.7085 13.5000 22.8600 37.2700 211.1000 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 8 SEP. 9 (RATE U . S . CENTS) SEP. 10 127.7000 5.49000 2.59200 97.4400 16.7600 26.3600 22.7000 38.7200 11.4000 210.9500 0.14920 0.33550 39.6700 8.0000 37.7600 106.2500 18.1400 3.7600 139.7000 1.7095 13.5000 22.9000 37.2700 210.9500 128.2000 5.47000 2.59000 97.3200 16.6900 26.3600 22.6500 38.6400 11.4000 211.0500 0.14900 0.33560 39.6700 8.0000 37.7400 106.2000 18.0500 3.7500 139.7000 1.7060 13.5000 22.8300 37.2100 211.0500 SEP. 1 1 S E P . 12 127.5000 5.46000 2.59000 97*2100 16.6500 26.2700 22.5900 38.5800 11.4000 211.0000 0.14880 0.33550 39.6400 8.0000 37.6900 106.2000 18.0400 3.7400 139.7000 1.7030 13.5000 22.8000 37.1400 211.0000 127.6000 5.45000 2.58200 97.4000 16.6100 26.3200 22.8500 38.5200 11.3500 210.6500 0.14860 0.33550 39.5600 8.0000 37.5500 106.1500 17.9700 3.7400 139.7500 1.7015 13.4500 22.7200 37.0600 210.6500 cT
@FedFRASER