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(516/517? Selected Interest & Exchange Rates Weekly Series of Charts September 17,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABEES SUBSCRIPTION RATES: t. LATEST F(CURES 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 INDICES 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 INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR GERMAN MARK FRENCH FRANC 160 140 — 120 - 100 - — JAPANESE YEN * # 80 SWISS FRANC /f—\ - " M M I I I 160 140 S BELGIAN FRANC DUTCH GUILDER - j \ j 120 ~ . / > y i i 100 i ^ ifliiliilu Illllllllll i i I I I I n l i i l i i l u n i n h i h i 100 — ITALtAN LIRA U.K. POUND 80 f i i i I I 1977 e I j s - IIIHIIIIII 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 6 CANADIAN DOLLAR ITALIAN LIRA - - T I M I I I U. K. POUND DUTCH GUILDER 18 12 - — — GERMAN MARK ~ 6 / — \ — 12 SWISS FRANC frt — • J - 0 1 1 1 1 i i i i , l u l l , I n i FRENCH FRANC M I r i i JAPANESE YEN 12 I \A - — I 1977 1979 I 1977 I 1979 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE — 360 r ~ 360 340 340 320 320 300 — 300 280 280 12.5 Kg BARS AFTERNOON FIXING PRICE 260 260 240 240 220 220 200 200 180 180 160 160 140 140 120 120 100 100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 14 10 JAPAN - - OVERNIGHT EURO-DOLLARS - U.S. FEDERAL FUNDS I 2 I I 16 \ I 12 U.K. 2-DAY LOCAL AUTHORITY NETHERLANDS - I I I 1 12 CANADA i . . J /wVij" FRANCE I II l u l l i l l 1 II 1 1 1 1 1 1 1 1 1 I I II II . EURO-SWISS FRANC 1 GERMANY J - - t | EURO-DM 1 1 1 1 1 1977 1 lllllllllll 1979 1977 1979 II CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.K. INTERBANK STERLING U.S. CD'S WEIGHTED AVERAGE FOREIGN RATE 10 - *—\ S JAPANESE BANK LOANS AND DISCOUNTS GERMAN INTERBANK RATE - / ~ r~ - - - 2 I I I I I I I I f I I I 13 SWISS INTERBANK RATE -4 — . CANADIAN FINANCE CO. PAPER X — I I 1977 I i A i 1979 i i A I I 1977 (\ I I 1979 — CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY 6-MONTH L - 1-MONTH 1-YEAR - / - / 12 - - ' - 8 e - - I 1977 1979 I I I I 1977 4 I 1979 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 I 10 ivl — v v ^[ — I' — OVERNIGHT EURO-DOLLAR f DEPOSITS / ? 3-MONTH EURO-DOLLAR DEPOSITS j f i — " FEDERAL FUNDS / DASHED LINE 90-DAY CD S -J i i i i ' I i i i I i i I i i I i i i 1 i l l I I I I 11 I I I I I I I I I DIFFERENTIAL DIFFERENTIAL A D J U S T E D FOR DASHED LINE RESERVE REQUIREMENTS — w y U M / v vi/Vv ^ M^AAVAA/ V / " V I i I 1977 F A V O R S BORROWING IN U . S . F POSITIVE 11111111111 1 1 1 1 11 1 1 1 1 1 1979 I I I I I 1977 I l I I l l I l 1111 i i i i i i n 1979 111 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 16 — 12 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 8 4 + 0 INTERBANK STERLING COVERED LONDON / 1 4 4 U.S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL + 0 16 16 14 SWISS INTERBANK (SF) COVERED 12 INTERBANK DM 10 COVERED FRANKFURT 8 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 6 DASHED LINE 4 2 DIFFERENTIAL + 0 DIFFERENTIAL 2 1977 1979 1977 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER AF :NT PER ANNUM 11 10 UNITED STATES -T 8 - 111111 n\\I 6 111111 H 11 CANADA,,. J - 9 ^ I I I - I l l I IIIIIIIIIi 7 1 to SWITZERLAND 8 : 5 GERMANY 6 3 $ M 16 13 UWTEOmGOW FRANCE tt 14 9 12 w 7 10 NETHERLANDS 6 5 11 U. S . CORPORATE 11 MONTHLY MONTHLY Aaa BONDS 9 9 JAPAN 7 EURO-DOLLAR BONDS 7 5 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 140 UNITED STATES 120 ,,;' 100 80 — UNITED KINGDOM - I I llflillllll I JAPAN 200 W w l u U l l l I 140 tao - CANADA y V 100 — 80 - I l I l I I 150 — 130 FRANCE GENERAL INDEX / J 110 - 90 - 70 SWT2ERLAND " - I I I I I 1977 I GERMANY - - - i i ill Mi ill i 1979 i i I I 1977 I 1979 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ,ITALIAN?LIRA SEPT* SEPT, SEPT> SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 12 12 12 12 12 12 12 12 12 55.22 0.45196 50.29 224.12 85.90 23.66 61.29 3.44175 0.12307 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 12 12 12 12 12 12 12 12 12 155.S5 INDICES, MARCH 1973 BASE RATES = 100 • GERMAN AARK JAPANESE YEN DUTCH GUILDER V . K * POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA 144.38 90.65 85.61 106.62 197.17 135.62 69.91 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1973 = 100 TG-10 COUNTRIES PLUS SWITZERLAND* U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 12 12 86.86 12 148.33 106.65 131.55 79.37 75.06 94.92 179.39 122.63 60.37 94.17 12 12 12 12 12 12 12 12 0.62 -1.51 5.19 -0.07 10.57 2.90 5.45 -2.02 12 12 12 12 12 12 12 12 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SERIES NAME LAST VALUE PLOTTED . DATE VALUE CHART 3 . GOLD PRICE I N LONDON, AFTERNOON FIXING U . S . DOLLARS PER FINE OUNCE SEPT. 12 335.51 SEPT. 12 SEPT. 12 SEPT; 7 SEPT; SEPT. SEPT. SEPT. 71 SEPT. 7 AUG; 24 SEPT. 7 11.30 11.88 13.75 - 9.44 6 ; 90 7.11 6 i 81 10.50 8.10 CHART 4 . CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA • • GERMANY ' — s EURO-DM JAPAN : FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 3-MONTH INTEREST RATES 4 ' ' ' 5= S - > :>« . * • • SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 12 12 12 12 12 12 12 11.84 7.85 7.00 11.80 14.09 2.22 9.31 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 12 12 12 12 12 12 11.88 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS SEPT. 12 SEPT. 12 SEPT. 12 11 . 8 8 11 .30 0 .58 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL SEPT. 12 SEPT. 12 SEPT. 12 12 . 6 1 11 . 8 4 0 .77 U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE B A # %OANS & DISCOUNTS CA^IADI AN- F I W S C E PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE (G—10 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 11.54 12.14 12.61 12.61 12.14 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES LAST VALUE PLOTT VALUE DATE SERIES NAME < CTART 8 . # # • # e INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. 12 SEPT. 12 SEPT. 12 12.61 12.52 0.09 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL SEPT. 12 SEPT. 12 SEPT. 12 11.59 12.44 -0.8& EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. 12 SEPT. 12 SEPT- 12 12.61 13.14 -0.53 EURO-DOLLAR DEPOSIT— SWISS INTERBANK, COVEREDDIFFERENTIAL SEPT. 12 SEPT » 12 SEPT. 12 12.61 12.85 -0.24 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM „ . SEPT. AUG. JUNE AUG^ SEPT. JULY AU6AUG. 7 31 24 7 6 24 31 9.33 7.53 8.07 3.51 10.23 ro.s> a.36 10.73 u<. S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS 9.23 6.63 8.83 AUG. DEC. JULY # CHART 1 0 . # INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY SEPT. AUG. DEC. JULY AUG. SEPT. AUG. 7 24 29 13 3 7 31 111.14 298.71 113.81 133.90 108.98 80.07 100.28 F E D E R A L R E S E R V E statistical release Vr l Ul H.10(512) SEPTEMBER 1 8 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 1 4 , 1979 1979 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 ;vble transfers payable in foreign currencies: COUNTRY „ MONETARY UNIT DOLLAR AUSTRALIA SCHILLING AUSTRIA FRANC BELGIUM DOLLAR CANADA KRONE DENMARK MARKKA FINLAND FRANC FRANCE D. MARK GERMANY RUPEE INDIA jPOUND IRELAND LIRA ITALY YEN JAPAN DOLLAR MALAYSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR NEW ZEALAND KRONE NORWAY ESCUDO PORTUGAL RAND SOUTH AFRICA PESETA SPAIN RUPEE SRI LANKA KRONA SWEDEN FRANC SWITZERLAND UNITED KINGDOM POUND SEP. 10 112.9800 7.69231 3.44947 85.9329 19.1938 26.1267 23.6911 55.2486 12.4500 208.0000 0.12325 0.45269 46.4900 4.3840 50.3398 101.0000 20.0280 2.0404 119.9000 1.5133 6.4000 23.8322 61.4439 224.4700 SEP. 11 CRA1IE U . S . CENTS] SEP. 12 112.8300 7.66577 3.43879 86.1030 19.1131 26.0824 23.6323 55.1481 12.4500 207.8500 0.12293 0.45137 46.3930 4.3840 50.2260 101.0000 19.9860 2.0362 119.7500 1.5138 6.4000 23.7840 61.1434 224.0000 112.7000 7.66577 3.44293 86.0585 19.0840 26.0586 23.6546 55.2639 12.4500 207.5000 0.12301 0.45004 46.3822 4.3840 50.3778 100.6500 20.0240 2.0333 119.7500 1.5135 6.4000 23.7840 61.4251 222.2000 SEP. 13 SEP. 14 112.5300 7.66430 3.43879 86.0141 19.1058 26.0383 23.6100 55.0873 12.2800 207.5000 0.12243 0.44723 46.2535 4.3840 50.1756 100.3500 19.9760 2.0284 119.2000 1.5133 6.4000 23.7586 61.1434 220.3000 112.3400 7.65550 3.43289 85.9919 19.1022 25.9605 23.6239 55.1572 12.1300 207.0000 0.12258 0.44763 46.2856 4.3840 50.2134 99.9500 19.9501 2.0284 119.2000 1.5131 6.4000 23.6911 61.2183 216.8000
@FedFRASER