Selected Interest & Exchange Rates Weekly Series of Charts

Transcription

1 (51/517) u!?ssu»*»* Selected Interest & Exchange Rates Weekly Series of Charts i December 27,192 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 2551

2 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES H.1 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE LONDON. CALL MONEY RATES 5. 3MONTH INTEREST RATES. EURODOLLAR DEPOSIT RATES 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES. INTEREST ARBITRAGE: 3MONTH FUNDS 9. LONGTERM GOVERNMENT BOND YIELDS 1. INDUSTRIAL STOCK INDICES SUBSCRIPTION RATES: Weekly $15. per year or $. each in the United States, its possessions, Canada, and Mexico; 1 or more of the same issue to one address, $13.5 per year or $.35 each. Elsewhere, $2. per year or $.5 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.

3 UHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=1 1 RATIO SCALE MARCH 1973=1 1 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 1 / MIMIMIM UK. POUND SWISS FRANC. 1 DUTCH GUILDER 1 1 GERMAN MARK " i i i I I I, y nil HmTm" 1 CANADIAN DOLLAR FRENCH FRANC BELGIAN FRANC ITALIAN LIRA

4 CHART 2 3MONTH FORWARD EXCHANGE RATES PREMIUM ( ) OR () AVERAGES FOR WEEK ENDING WEDNESDAY ITALIAN LIRA + CANADIAN DOLLAR I I I Y \(YV/V^ + U. K. POUND DUTCH GUILDER GERMAN MARK SWISS FRANC FRENCH FRANC JAPANESE YEN

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. D PER FINE OUNCE U.S. DOLLARS PER FINE Kg BARS AFTERNOON FIXING PRICE i i I i i I i i I i i I i i I i i I i i

6 CHART CALL MONEY RATES WEEKLY SERIES 2 SIT PER ANNUM PERCENT PER AL 2 2 U. S. FEDERAL FUNDS U. K. 2DAY LOCAL AUTHORITY EUROSWISS FRANC CAN r \ I n I j]fa~ NETHEF (LANDS I I I I I I iiiiiiiiiii 2 1 FRANCE GERMANY JAPAN EURODM

7 CHART 5 3MONTH INTEREST RATES WEEKLY SERIES :NT PER AN MUM PERCENT PER Ah 2 U.S. CD S WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS I I I III SWISS INTERBANK RATE

8 CHART EURODOLLAR DEPOSIT RATES AVERAGES FOR WEEK ENDING WEDNESDAY LONDON 2 PER ANNUM PERCENT PER 2 1 OVERNIGHT 3MONTH DAY MONTH 1YEAR

9 e # ^» e e # e e # t CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DEFERENTIAL: PLUS(+), FAVORS BOBROWNG IN U. S. AVERAGES FOR WEEK ENOMG WEDNESDAY PERCENT PER ANNUM 2 PERCENT PER ANNUM I MONTH EURODOLLAR DEPOSITS 22 FEDERAL FUNDS V V I OVERNIGHT EURODOLLAR DEPOSITS r 9DAY CD' S DIFFERENTIAL PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

10 CHART INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 2 PERCENT PER ANNUM 2 EURODOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 2 2 ^ V V "X. /A 7/ v A/ 1/ V v y 1 v ll \\l\ \ INTERBANK STERLING COVERED LONDON Jul 11II 11 III U. S. COMMERCIAL PAPER I I I DIFFERENTIAL DIFFERENTIAL yu ly x Wv v^ 2 ill INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED 2 2 EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE I II I I I I I II I I DIFFERENTIAL j A r i f I I PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE DIFFERENTIAL #r 11 III hill I

11 CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES 19 ENT PER ANNUM U. S. CORPORATE MONTHLY PERCENT PER AL 15 UNITED STATES Aaa BONDS / \ f\ 11 A/ 7 I I I EURODOLLAR BONDS ~ 15 UNITED KINGDOM SWITZERLAND MONTHLY 111 I I I JAPAN 9 GERMANY CANADA FRANCE 1 1 NETHERLANDS Inliiliiliilnl

12 CHART 1 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO : CALE 199=' 1 RATIO 19c UNITED STATES JAPAN 1 1 UNITED KINGDOM \ Vv GERMANY yv zx/ 1 Z ^ I I I i i i illii hilii 1 FRANCE SWITZERLAND NETHERLANDS CANADA I 11 II LiJ

13 e # SEBIES NAME CHABT 1 SPOT EXCHANGE SATIS AND INDICES LASS? VALUE flqtted DATE VALUE WEEKLY AVEBAGES, NOON BOXING BATES.((US. CENTS) GEBjULN MASK JAPANESE YEN DUTCH GOILDEB U.K. BOUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN IBANC ITALIAN LIBA DEC. 22 DEC, 22 DEC, 22 DEC. 22 DEC. 22 DBC. 22 DEC. 22 DEC. 22 DEC ,.2,9. J flu 7.15 INDICES# HAfiCfl 1973 BASE BATES = 1 GEBHAN MBK JAPANESE YEN DUTCH GUXLDEB U K POUND CANADIAN DOLLAB FRENCH FBANC SWISS FBANC BELGIAN IBANC ITALIAN IlLBA WEIGHTED AVEBAGE EXCHANGE VALUE INDICES, MAS 1973 (G1 COUNTBIES PLUS SWITZERLAND) U.S. DOLXAB GESMAN MABK JAPANESE YEN DUTCH GUXLDEB U.K. POUND CANADIAN DOLLAB FBENCH FBANC SWISS FBANC BELGIAN FBANC ITALIAN LIBA SWEDISH KBONA DBC ,. 57 DEC DEC, 22. DEC DEC. 22 =. 5 DEC., DEC DEC DBC. 22 *. 1 DEC. 22 J119.J17 DEC., DEC DBC DEC DEC DEC , 27 DEC DEC DEC. 22. DBC CHABT 2. 3HONTH FOBWARD EXCHANGE BATES, PBEMIUM OB DISCOUNT CANADIAN DOLLAB U.K. BOUND G3BMAN MABK FBENCH FBANC DBC J* ^ DBC» %% DEC " DBC t 5 i All

14 SEPIES NAZIS CHAM 3* GOLD PRICE IN LONDON, AFTERBOOB FIXING U.S. DOLLARS PER FINS OUNCE LAST VALUE PLOTTED DATE VALUE DEC, 22 JL. # CHART. CALL HONEY RATES (JUS.. FEDERAL FUNDS OVERNIGHT EURO* DOLLAR DEPOSITS L.K. 2D&Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURODH JAPAN FRANCE HE2'HERLANDS EURO SWISS FRANC DEC DEC DSC, 2 1 a. 3 DEC, J7 1. DEC., 2. DEC DEC. 2. DSC. 2 U. JAN DlC CHART 5. 3MONTH INTEREST RATES S. 9MY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS DISCOUNTS CAJSAOIAJ FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN XNTERES3 BATE (G1 COUNTRIES PLUS SWITZERLAND) DEC. 22 DSC DEC, 22 7*9 DSC., DEC. 22 1<L DEC, DEC CHART. EURODOLLAR DEPOSIT RATES: LONDOM OVERNIGHT DSC. 22,3 7DAI DEC MCBTH DtiC MONTH DEC MONTH DEC* YEAR DEC CHART 7. SELECTJBD EURODOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURODOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS 3MONTH EUBODOLLAR DEPOSIT RATE UiS. SODAY CD'S, SECONDARY MARKET DIFFEREBTI&L DEC DEC DEC DEC DEC. 22. DEC, 22.92

15 # SBBIBS NAflE CHABT» INTEREST ARBITRAGE, 3HONTH FUNDS LAST YALOB PLOTTED DAM YALOB EURO DOLLAR DEPOSIT DEC INTEfiBABE STERLING (LONJ)ON), COVERED DEC. 2.2,9.55 DIFFERENTIAL DEC U.S. COHHERCIAL PAPER DEC. 22 a. * CANADIAN FINANCE PAPBB, COVBBBD DEC, 22 =9.32 DIFFBBBNTIAL DEC EOEODPX1AB DEPOSIT DEC INTERBANK DH (FRANKFURTJ, COVBBBD DEC DIFFERENTIAL DEC EURODOLAAR DEPOSIT DEC SUSS INTERBANK, COVBBBD DEC DIFFERENTIAL DBC LONG TBBfl GOVBRHENT BOND YIELDS UNITED STATES DEC GERMANY DEC JAPAN (HNTHLI) HQY.13 SMITZBBLAMD NQV. 2 A. 27 CANADA DBC FRANCE OCT NETHERLANDS JAN UNITED KINGDOM DBC. 1/ S COBPOBATB AAA BONDS NOV, 11. EOBODOL1AB BONDS OCT , STOCK INDICES UNITED STATES DBC UNITED KINGDOM DBC CANADA DBC GEBHANY DBC SNITZBBLAND DBC NETHERLANDS DEC FRANCE DBC. 22 ioa.22 JAPAN DBC ,52 %

16 # FEDERAL RESERVE statistical release mi H. 1 (5J FOREIGN EXCHANGE RATES tqb THE USEE BNDING S5BMBBB 2, 192 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 followinfgnoon buying rate in New York City for cable transfers payable in foreign currencies: DiCJBHBIB 29, 195 COOHTBI MONETAEX [CDfiBEBCI OBXa IS PBB DC1LAB1 UNIT DEC. 2 DEC. 21 DEC. 22 DEC. 23 DEC. 2 ABGEMXXNA PBSQ 3. 3* AOSTBALIA DOLLAJB 9, AUSTRIA SCHILLING 17.2 * Q BELGIUM PBAMC <.91. BBAZ1L CBOZEIBO CANADA DOLLAB 1* * CHILE PESO CHINA, PB XUAM COLOMBIA PESO 9. 9, 9.7 9*7 9.7 PENHABK KB1B FINLAND HASX&A tuhucb FBAMC GBBMiAMI D. MABK GREECE OBACHMA 7,.75 7., Q 71. HONG KOHG DOLLAB MDIA BilPBB * HOOHBSIA BOPIAH IBAH BIAL NA NA MA NA MA IBELAMD POUND SBAB1 SHEKEB ITALX LISA # JAPAN IBM a MALAYSIA DOLLAB MEXICO PESO Q MBTHBBLAMDS GOILDBB **BH ZEALAND DOLLAB HOBDAI KfiONE PEBU SOL PHILIPPINES PESO Q POBTOGAL BSCODQ Q 93. SIMGAPOBE DOLLAB SOOTH AEBICA HAND , SOOTH BBA HOB SPAIN PESETA SBI LANKA BUPBE SWEDE* KBOBA SWITZERLAND PBANC THAILAND BAHT UNITED KINGBOa POUND VENEZUELA BOLIVAB.297" * VALUE IS S CENTS