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5 - LfLjO if (516/517). Selected Interest & Exchange Rates Weekly Series of Charts # September 4,1979 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 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 a 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 ,TIO SCALE MARCH 1973=100 120 120 100 - v I ^ — — FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 CANADIAN DOLLAR I 60 100 I v \ 80 ... I 60 180 160 GERMAN MARK — . ^ 140 J j - FRENCH FRANC - 120 - 100 ~ ' 120 - I I 100 I I I I 80 iiliiliilii 160 240 - JAPANESE YEN - - •V : 100 SWISS FRANC A 200 r.'Vl/ /./ // ,v V^X ',X"" — 160 - 140 — ^ I 80 — ^ I I I I I I Illlilliill Illlilliill 160 11[ill III I I 120 BELGIAN FRANC DUTCH GUILDER 140 AA. h j a z — 120 - 100 I I I - I 100 100 ITALIAN LIRA U.K. POUND 80 80 —~ s J r ~ 60 — 60 L_Li_j. i J i J. J J 1977 _L1 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 — r I T U. K. POUND ! I I DUTCH GUILDER 18 12 — ,— — GERMAN MARK SWISS FRANC 12 / / — 6 0 FRENCH FRANC JAPANESE YEN \A - — "TT 12 - 12 f 1977 1979 i h 1977 1979 y # CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY I320 U.S. DOLLARS PER FINE OUNCE (U.S. DOLLARS PER FINE OUNCE e ~I 300 300 280 280 260 260 12.5 Kg BARS 240 # 320 240 AFTERNOON FIXING PRICE 220 220 200 200 180 180 160 160 140 140 120 120 e 100 k100 1977 1976 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM i PER CENT PER ANNUM 14 12 JAPAN - - OVERNIGHT EURO-DOLLARS </V^ - __ U.S. FEDERAL FUNDS 0 16 U.K. 2-DAY LOCAL AUTHORITY 12 NETHERLANDS n — FRANCE i - 12 CANADA J I I I - 1 1 1 - EURO-SWISS FRANC GERMANY EURO-DM 1977 1979 1977 1979 8 * CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER AT :ENT PER ANNUM 16 U.K. INTERBANK STERLING # 12 # U.S. CD'S 8 WEIGHTED AVERAGE FOREIGN RATE 4 1_L • 10 GERMAN INTERBANK RATE - S JAPANESE BANK LOANS AND DISCOUNTS r 6 - 2 1 1 1 1 1 JL_L 1 13 SWISS INTERBANK RATE # . CANADIAN FINANCE CO. PAPER X 9 IA - A ~ - e 1 1 1 1 1 1977 1 ii h i l i i h i i 1979 i i 1 1 1977 1 i . h . h i h i 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANfl PER CENT PER ANNUM 12 „ OVERNIGHT J vx/vV^ - 12 - 8 3-MONTH - I I I I I I I 'l I I I i I I I I I I 12 12 - 7-DAY L i V „ __ r\ i i i r i i K. J - tsJ 1 1 1 1 1 1 1 i Illllllllll 1-YEAR 1-MONTH 1977 6-MONTH 1979 1977 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 OVERNIGHT EURO-DOLLAR DEPOSITS MI 3-MONTH EURO-DOLLAR DEPOSITS FEDERAL FUNDS DASHED LINE / 90-DAY CD'S -J I I I I I I I I I ill I I I I I I I DIFFERENTIAL 1 - DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS W M ^ Y y A A / L_l I I I I I I I I I I I I I I I I I I I I I 1977 FAVORS BORROWING IN U. S. F 1979 POSITIVE i I I I , I I 1977 I 11111111111 11111111111 1979 " CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUI PER CENT PER ANNUM 14 16 - EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED 12 10 - 8 — 6 INTERBANK STERLING COVERED LONDON U.S. COMMERCIAL PAPER DIFFERENTIAL DIFFERENTIAL u 16 14 SWISS INTERBANK (SF) COVERED - 12 INTERBANK DM COVERED FRANKFURT / 10 EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I l I I 1977 JLi I 1979 I I 1977 I 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER AL :ENT PER ANNUM 11 1t> UNITED STATES - 8 CANADA - - 9 " 6 I I I I I 7 I 10 7 SWITZERLAND 8 - ^ - 5 — 3 GERMANY 6 4 I I I 1 13 16 UNITED KINGDOM FRANCE 11 14 9 12 7 10 NETHERLANDS 5 8 11 U. S. CORPORATE MONTHLY 9 Aea BONDS 7 EURO-DOLLAR BONDS II 11 MONTHLY 9 7 I I I II 1977 5 1979 1977 1979 RATIO SCALE 1969=100 140 120 UNITED STATES 100 80 360 320 280 JAPAN 240 200 140 120 CANADA 100 80 150 130 110 70 FRANCE GENERAL INDEX SERIES NAME 'CHART 1 . LAST VALUE PLOTTED DATE VALUE 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 I T A L I A N LIRA AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 29 29 29 29 29 29 29 29 29 54.66 0,. 4 5 3 8 1 49,.82 2 2 3 . .97 85..60 2 3 . .45 6 0 . .28 3 . ,40925 0 . 12224 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 29 29 29 29 29 29 29 29 29 153..76 118. .82 143..02 90..59 85..32 1 0 5 . .68 193.. 9 4 134. . 3 4 69.. 4 4 29 29 29 29 29 29 29 29 29 29 29 87..37 1 4 7 .. 3 4 107. .70 130..87 79..74 75..16 9 4 . .48 1 7 7 .. 2 1 1 2 2 .. 0 1 6 0 . .25 9 4 . .09 29 29 29 29 29 29 29 29 -0.01 -1.72 4.97 -0.41 10.35 2.71 5.23 -2.85 I N D I C E S , MARCH 1973 BASE RATES = 100 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 WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1973 = 100 ( G - 1 0 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 CHART 2 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 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 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. SERIES NAME CHART 3 . LAST VALUE PLOTTED DATE VALUE GOLD PRICE I N LONDON, AFTERNOON F I X I N G AUG. 29 314.19 AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 29 29 24 24 24 24 24 24 3 24 11.16 11.35 14.00 10.05 6.55 6.49 6.75 10.38 8.10 0.78 AUG. AUG . AUG. AUG. AUG. AUG. AUG. 29 29 29 29 29 29 29 11.08 7.14 7.00 11.90 14.00 1.88 8.98 AUG. AUG. AUG. AUG. AUG. AUG. 29 29 29 29 29 29 11 . 3 5 11 . 1 3 12 . 1 5 12 . 1 0 12 . 1 5 11 . 7 3 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. 29 AUG. 29 AUG. 29 11 . 3 5 11 . 1 6 0 .19 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL AUG. 29 AUG. 2 9 AUG. 29 12 . 1 0 11 . 0 8 1 .02 U . S . DOLLARS 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 CHART 5 . 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES SERIES NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL AUG. 29 AUG. 29 AUG. 2 9 12 . 1 0 12 . 2 2 - 0 ,. 1 2 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL AUG. 2 9 AUG. 29 AUG. 2 9 10,.76 11..89 - 1 , .13 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. 29 AUG. 29 AUG. 2 9 12..10 12.,20 - 0 . .10 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL AUG. 29 AUG. 29 AUG. 29 1 2 . ,10 1 2 . 27 - 0 . 17 AUG. AUG. JUNE AUG. AUG. JULY Ave. AUG. 9.06 7.53 8.07 3.53 t O . 04 10.8 3 8.55 10.64 CHART 9 . LONG TERM GQVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM . 17 24 6 3 24 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 24 24 JULY DEC. JULY 9.20 6.63 8.83 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GER MANY # AUG. JULY DEC. JULY AUG. AUG. AUG. 24 20 29 13 3 10 24 112.58 290.39 113.81 133.90 108.98 79.72 99.44 FEDERAL RESERVE Hel015121 statistical relealF FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 3 1 , ^august 31,.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 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 CRATE U . S . CENTS) AUG. 29 MONETARY UNIT AUG. 27 AUG. 28 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 112.6400 7.52445 3.40948 85.5579 18.9627 26.0417 23.4329 54.6418 12.3800 207.5000 0.12214 0.45259 46.3285 4.3821 49.7760 101.1500 19.8590 2.0263 119.6000 1.5135 6.4800 23.6742 60.2337 224.3000 112.6500 7.46826' 3.40716 85.5652 18.9645 26.0417 23.4302 54.6657 12.3800 205.6000 0.12221 0.45341 46.2856 4.3821 49.8629 101.1500 19.8610 2.3296 119.6000 1.5126 4.4800 23.6798 60.2627 224.9000 112.5200 7.46965 3.40368 85.3315 .18.9538 26.0247 23.4423 54.6150 12.3800 205.3000 0.12221 0.45059 46.2214 4.3745 49.8008 101.0600 19.8177 2.0292 119.6000 1.5138 6.4800 23.6855 60.1468 225.2500 AUG. 30 AUG. 31 112.7200 7.50187 3.41880 85.4847 18.9915 26.0112 23.4962 54.8336 12.3800 205.7500 0 . 12240 0.45465 46.3822 4.3840 50.0501 101.1500 19.8728 2.0276 119.6000 1.5138 6.4800 23.7135 60.4559 224.9000 112.7400 7.49064 3.41413 85.7412 18.9573 26.0146 23.5018 54.8005 12.4500 205.7500 0.12242 0.45372 46.3392 4.3802 49.9126 101.1500 19.8689 2.0296 119.6000 1.5135 6.4000 23.7135 60.3792 225.2700
@FedFRASER