Selected Interest & Exchange Rates · 8/18/1975 · 100 90 . 80 140 12 0 10 0 20 0 180 160 14 0...
Transcript of Selected Interest & Exchange Rates · 8/18/1975 · 100 90 . 80 140 12 0 10 0 20 0 180 160 14 0...
Selected Interest & Exchange Rates XAfeekly Series of Charts
AUGUST 18,1975
Prepared by the FINANCIAL MARKETS SECTION
DIVISION OF INTERNATIONAL FINANCE
BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551
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Table of Contents
CHARTS TABLES
1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED
2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATES-
3. GOLD PRICE -LONDON H.10 RELEASE
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
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SCALE
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Chart 1
SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR
JAPANESE YEN FRENCH FRANC
v.
I I I I I I I
GERMAN MARK
l T I I I I
DUTCH GUILDER
U.K. POUND
- -
SWISS FRANC J I v -
-
-
~ - h T T 7 l I I I M I I I I M I I I
~ BELGIAN FRANC
r "
' / V ' x v
i i i l i i i l i i i n i i i i i i 11111111111
ITALIAN LIRA
— • v \ t -\' "
I
I I I I I I
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Chart 2 3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+), OR DISCOUNT ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM
CANADIAN DOLLAR
z^A .aA.
i 1 1 1 1 1 I l l l l l l l l l l
6 r—
SWISS FRANC U.K. POUND
i i l n l i i l i i l i i
12 GERMAN MARK DUTCH GUILDER
6
t
e
JAPANESE YEN 2 per cent on scale equals 1 per cent on all others
1973 1975
FRENCH FRANC e
$
8
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PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY
u a . DOLLARS PER FINE OUNCE
210
12.5 Kg BARS Afternoon fixing price
150
120
80
60
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Chart 4
CALL MONEY RATES • WEEKLY SERIES
PER CENT
15 r~ OVERNIGHT EURO-DOLLARS
JAPAN 10
5 U.S. FEDERAL FUNDS
0 20 SO
U.K. 2 - D A Y LOCAL AUTHORITY
15 FRANCE
10
5
0 16 15
NETHERLANDS 10 CANADA
5
0
20 20 EURO-SWISS FRANC
GERMANY
EURO-DM
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Chart 5
3-MONTH INTEREST RATES WEEKLY SERIES
1
UNITED STATES CD's 12
8
4
CANADIAN FINANCE CO. PAPER
U.K. INTERBANK STERLING GERMAN INTERBANK RATE 16
12
4
16
EURO-DOLLAR
12
SWISS DEPOSIT RATE
8 JAPAN Monthly
4
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Chart 6 EURO-DOLLAR DEPOSIT RATES London
AVERAGES FOR WEEK ENDING WEDNESDAY
16 OVERNIGHT
12
8
4
16
7—DAY
12
8
4
16
1-MONTH
12
8
4
1973 1975
3-MONTH
16
-MONTH
16
1-YEAR
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Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
AVERAGES FOR WEEK ENDING WEDNESDAY
FEDERAL FUNDS
10
OVERNIGHT Euro-dollar deposits
5
0
DIFFERENTIAL Adjusted for reserve requirements
1973 1975
Favors Borrowing in U.S. if Positive
3-MONTH Euro-dollar deposits
TO
60-89 DAY CD'S
DIFFERENTIAL Adjusted for reserve requirements
1973 1975
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Chart 8 INTEREST ARBITRAGE^ 3-MONTH FUNDS
AVERAGES FOR WEEK ENDING WEDNESDAY
DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS
20 SO
INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15
INTERBANK STERUNG Covered London I ^
10
5 EURO-DOLLAR DEPOSITS
0 4 r\ DIFFERENTIAL
DIFFERENTIAL
5
10
l u l u l i
15 EURd-DOLLAR DEPOSITS -CANADIAN FINANCE CO. PAPER, COVERED
10
U.S COMMERCIAL PAPER 5
SWISS DEPOSITS (SF) COVERED '
0
DIFFERENTIAL DIFFERENTIAL
1 5 1973 1975 1973 1975
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w ; Chart 9
LONG -TERM GOVERNMENT BOND Y IELDS WEEKLY SERIES
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
U.S. CORPORATE Monthly
Euro Dm bonds y
Euro-dollar bonds
1973 1975
12 JU S. CORPORATE Monthly
10
Aaa bonds
8
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' ChartJO INDUSTRIAL STOCK INDEXES
WEEKLY SERIES
IWTIO^ SCALE
160
UNITED STATES
100
60
45
140 320 UNITED KINGDOM JAPAN
180
60
35 80
180 180
CANADA
SWITZERLAND 100 100
80 60
45
180 180
FRANCE General index
GERMANY
100 100
60
1873 1876 1873 1875
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LAST VALUE PLOTTED SERIES NAME DATE VALUE
CHART 1 . SPOT EXCHANGE RATES
U . S . DOLLAR, WEIGHTED AVERAGE AUG. 13 85 . 1 6 JAPANESE YEN AUG. 13 120 . 8 6 GERMAN MARK AUG. 13 141 . 6 3 DUTCH GUILDER AUG. 13 136 . 6 9 U . K . POUND AUG. 13 67 . 6 7 CANADIAN DOLLAR AUG. 13 104 . 3 1 FRENCH FRANC AUG. 13 1 2 6 . 4 7 SWISS FRANC AUG. 13 162 . 6 5 BELGIAN FRANC AUG. 13 130 . 4 0 I T A L I A N LIRA AUG. 13 93 . 2 0
CHART 2 . 3-MONTH FORWARD EXCHANGE RATES
CANADIAN DOLLAR UcKo POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN
AUG. 13 - 0 . 9 9 AUG. 13 - 4 . 0 7 AUG. 13 4 . 0 6 AUG. 13 - 1 . 5 4 AUG. 13 3 . 3 9 AUG. 13 3 . 5 9 AUG. 13 - 0 . 2 8
CHART 3 . GOLD PRICE I N LONDON
U . S . DOLLAR PER FINE OUNCE AUG. 13 1 6 3 . 4 7
CHART 4 . CALL MONEY RATES
U . S . FEDERAL FUNDS AUG. 13 6 . 0 8 OVERNIGHT EURO-DOLLAR DEPOSITS AUG. 13 6 . 1 2 U . K . 2-DAY LOCAL AUTHORITY DEPOSITS AUG. 8 1 0 . 0 6 CANADA AUG. 8 7 . 1 3 GERMANY AUG. 8 1 . 5 0 EURO-DM AUG. 8 2 . 3 8 JAPAN AUG. 15 10 . 5 0 FRANCE AUG. 8 7 . 3 8 NETHERLANDS AUG. 1 0 . 5 3 EURO-SWISS FRANC AUG. 8 4 . 8 8
CHART 5 . 3-MONTH INTEREST RATES
U . S . CD'S ( 6 0 - 8 9 DAYS) AUG. 13 6 . 2 5 GERMAN INTERBANK LOAN AUG. 13 3 . 6 0 JAPANESE COMPOSITE LOAN JUNE 27 9 . 2 0 EURO-DOLLAR DEPOSIT AUG. 13 7 . 2 4 CANADIAN FINANCE COMPANY PAPER AUG. 13 8 . 4 5 INTERBANK STERLING AUG. 13 1 0 . 7 1 SWISS DEPOSIT AUG. 13 6 . 0 0
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LAST VALUE PLOTTED SERIES NAME GATE VALUE
CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR
AUG. 13 6 . 1 2 AUG. .13 6 . 2 6 AUG. 13 6 . 5 5 AUG. 13 7 . 2 4 AUG. 13 6 . 1 8 AUG. 13 8 . 6 2
CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS AUG. 13 6 . 1 2 U . S . FEDERAL FUNDS AUG. 13 6 . 0 8 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS AUG. 13 0 . 3 0 3-MONTH EURO-DOLLAR DEPOSIT RATE AUG. 13 7 . 2 4 U . S . CD'S ( 6 0 - 8 9 DAYS) AUG. 13 6 . 2 5 DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS AUG. 13 0 . 8 9
CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS
EURO-DOLLAR DEPOSIT AUG. 13 7 . 2 4 INTERBANK STERLING (LONDON), COVERED AUG. 13 6 . 6 4 DIFFERENTIAL AUG. 13 0 . 6 0
U . S . COMMERCIAL PAPER AUG. 13 6 . 5 8 CANADIAN FINANCE CO. PAPER, COVERED AUG. 13 7 . 4 6 DIFFERENTIAL AUG. 13 - 0 . 8 8
EURO-DOLLAR DEPOSIT AUG. 13 7 . 2 4 INTERBANK DM (FRANKFURT), COVERED AUG. 13 7 . 8 6 DIFFERENTIAL AUG. 13 - 0 . 6 2
EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL
AUG. 13 7 . 2 4 AUG. 12 9 . 3 9 AUG. 13 - 2 . 1 5
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6 LAST VALUE PLOTTED
SERIES NAME DATE VALUE
CHART 9 . LONG TERM GOVERNMENT 60NC YIELDS
UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM
AUG. 8 a . 4 0 AUG. 1 8 . 2 5 AUG. 1 9 . 4 1 AUG. 8 6 . 3 7 AUG. 8 9 . 4 2 AUG. 1 9 . 9 9 AUG. 1 7 . 7 5 AUG. 1 1 3 . 9 3
U . S . CORPORATE
AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS
JUNE 27 8 . 7 7 JUNE 27 8 . 3 0 JUNE 27 8 . 6 2
CHART 1 0 . INDUSTRIAL STOCK INDEXES
UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY
AUG. 8 9 0 . 4 9 AUG. 1 2 0 9 . 6 1 AUG. 1 1 0 4 . 4 9 AUG. 1 1 0 2 . 3 0 AUG. 1 6 7 . 3 7 AUG. 8 6 5 . 5 1 AUG. 1 8 8 . 9 8
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.voSL£2$r£. 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 r e l e a s e
H . 1 0 AUGUST 1 5 , 1975
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING AUGUST 1 5 , 1975
The Board of Governors,of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certif ied for customs purposes the following noon buying rate in New York City for cable transfers payable in foreignjcurrencies:
MONETARY (RATE U . S . CENTS) COUNTRY UNIT AUG. 11 AUG. 12 AUG. 13 AUG. 14 AUG. 15
AUSTRALIA DOLLAR 1 2 8 . 1 0 0 0 1 2 7 . 4 5 0 0 1 2 7 . 4 5 0 0 1 2 7 . 7 0 0 0 1 2 7 . 7 5 0 0 AUSTRIA SCHILLING 5 . 4 7 0 0 0 5 . 4 8 0 0 0 5 . 4 8 0 0 0 5 . 4 9 0 0 0 5 . 5 0 0 0 0 BELGIUM FRANC 2 . 6 0 7 0 0 2 . 6 0 5 5 0 2 . 6 0 7 5 0 2 . 6 1 0 0 0 2 . 6 0 6 0 0 CANADA DOLLAR 9 6 . 3 9 0 0 9 6 . 4 5 0 0 9 6 . 4 2 0 0 9 6 . 3 7 0 0 9 6 . 2 2 0 0 DENMARK KRONE 1 6 . 7 3 0 0 1 6 . 7 5 0 0 1 6 . 7 8 0 0 1 6 . 7 7 0 0 1 6 . 7 9 0 0 FINLAND MARKKA 2 6 . 3 3 0 0 2 6 . 3 6 0 0 2 6 . 3 7 0 0 2 6 . 4 2 0 0 2 6 . 4 8 0 0 FRANCE FRANC 2 2 . 7 6 0 0 2 2 . 7 4 0 0 2 2 . 7 5 0 0 2 2 . 8 5 0 0 2 2 . 8 4 0 0 GERMANY D . MARK 3 8 . 6 9 0 0 3 8 . 6 1 0 0 3 8 . 7 2 0 0 3 8 . 8 4 0 0 3 8 . 8 4 0 0 INDIA RUPEE 1 1 . 3 0 0 0 1 1 . 3 0 0 0 1 1 . 3 0 0 0 1 1 . 3 0 0 0 1 1 . 3 5 0 0 IRELAND POUND 2 1 0 . 2 0 0 0 2 1 0 . 3 5 0 0 2 1 0 . 7 5 0 0 2 1 0 . 8 0 0 0 2 1 0 . 8 0 0 0 ITALY LIRA 0 . 1 4 8 9 0 0 . 1 4 9 0 0 0 . 1 4 9 2 0 0 . 1 4 9 5 0 0 . 1 4 9 5 0 JAPAN YEN 0 . 3 3 5 8 0 0 . 3 3 5 5 0 0 . 3 3 5 6 0 0 . 3 3 5 6 0 0 . 3 3 5 6 0 MALAYSIA DOLLAR 3 9 . 6 6 0 0 3 9 . 6 2 0 0 3 9 . 6 2 0 0 3 9 . 7 1 0 0 3 9 . 8 0 0 0 MEXICO PESO 8 . 0 0 0 0 8 . 0 0 0 0 8 . 0 0 0 0 8 . 0 0 0 0 8 . 0 0 0 0 NETHERLANDS GUILDER 3 7 . 7 7 0 0 3 7 . 6 9 0 0 3 7 . 7 6 0 0 3 7 . 8 5 0 0 3 7 . 8 3 0 0 NEW ZEALAND DOLLAR 1 0 6 . 0 5 0 0 1 0 6 . 0 0 0 0 1 0 6 . 0 0 0 0 1 0 6 . 1 5 0 0 1 0 6 . 1 5 0 0 NORWAY KRONE 1 8 . 2 3 0 0 1 8 . 2 5 0 0 1 8 . 2 7 0 0 1 8 . 2 7 0 0 1 8 . 3 2 0 0 PORTUGAL ESCUDO 3 . 7 5 0 0 3 . 7 6 0 0 3 . 7 6 0 0 3 . 7 6 0 0 3 . 7 7 0 0 SOUTH AFRICA RAND 1 3 9 . 7 5 0 0 1 3 9 . 7 5 0 0 1 3 9 . 7 5 0 0 1 3 9 . 7 5 0 0 1 3 9 . 8 0 0 0 SPAIN PESETA 1 . 7 1 2 5 1 . 7 1 2 0 1 . 7 1 2 0 1 . 7 1 5 0 1 . 7 1 5 5 SRI LANKA RUPEE 1 3 . 7 0 0 0 1 3 . 7 0 0 0 1 3 . 7 0 0 0 1 3 . 7 0 0 0 1 3 . 7 4 0 0 SWEDEN KRONA 2 3 . 1 4 0 0 2 3 . 1 1 0 0 2 3 . 1 6 0 0 2 3 . 2 0 0 0 2 3 . 2 4 0 0 SWITZERLAND FRANC 3 7 . 2 0 0 0 3 7 . 1 8 0 0 3 7 . 2 8 0 0 3 7 . 6 2 0 0 3 7 . 4 7 0 0 UNITED KINGDOM POUND 2 1 0 . 2 0 0 0 2 1 0 . 3 5 0 0 2 1 0 . 7 5 0 0 2 1 0 . 8 0 0 0 2 1 0 . 8 0 0 0
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