Selected Interest & Exchange Rates

Transcription

1 (51/517) Selected Interest & Exchange Rates W eekly Series o f Charts October 8, DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM SECTION Washington, D.C. 551

2 Table o f Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED. DAILY CERTIFIED SPOT EXCHANGE RATES CHARTS 1. NOMINAL CURRENCY EXCHANGE VALUES. 3-MONTH FORWARD EXCHANGE RATES 3. PRICE OF GOLD IN LONDON. OVERNIGHT FUNDING RATES AND OFFICIAL INTEREST RATES 5. 3-MONTH INTEREST RATES. LONG-TERM GOVERNMENT BOND YIELDS 7. STOCK INDEXES Weekly $3. per year or $.7 each in the United States, its possessions, Canada, and Mexico. Elsewhere, $35. per year or $.8 each. Address requests to Publications Services Division of Support Services and make payment remittance payable to the Board of Governors of the Federal Reserve System in a form collectible at Par in U.S. currency.

3 Chart 1 Nominal Currency Exchange Values Dollar prices of foreign currencies and weighted average values of U.S. dollar (Average for week ending Wednesday, ratio scale, March 1973 = 1) Foreign current price of U.S. doflar " (Major currencies index) Canadian dollar Japanese yen U.K.pound Swiss franc Australian dollar Swedish krona

4 Chart 3-Month Forward Exchange Rates Premium (+) or (-) Averages for week ending Wednesday, percent per annum) German mark and euro U.K. pound Canada 8 Swiss franc Australian dollar

5 Chart 3 Price of Gold in London (Averages for week ending Wednesday) 38.S. dollars per fine ounce U.S. dollars per fine ounce

6 Chart Interbank Funding Rates and Official Interest Rates (Averages for week ending Wednesday, percent per annum) the minimum bid rate and weighted average rate are shown.

7 Chart 5 3-Month Interest Rates (Averages for week ending Wednesday, percent per annum) U.S.CD Weighted average foreign rate^. Euro-area interbank 8 Canadian finance paper Japanese yen U.K. interbank sterling Swiss interbank Australian bank bill Swedish treasury bill

8 Chart Long-Term Government Bond Yields (Averages for week ending Wednesday, percent per annum) 8 8

9 Chart 7 Stock Indexes (Averages for week ending Wednesday, ratio scale, December 9, = 1)

10 Chart 1. Nominal Currency Exchange Values Noon buying rates (U.S. cents, 5 -Sep- -Oct- 9-Oct- 1-Oct- 3-Oct- weekly averages) Australian dollar Canadian dollar Japanese yen Restated German mark and euro Swedish krona Swiss franc U.K. pound Indexes, March 1973 base rates = 1 Australian dollar Canadian dollar Japanese yen Restated German mark and euro Swedish krona Swiss franc U.K. pound Chart. 3-Month Forward Exchange Rates, Premium or Discount Australian dollar Canadian dollar Euro Japanese yen Swiss franc U.K. pound Chart 3. Gold Price in London, Afternoon Fixing U.S. dollars per fine ounce Chart. Interbank Funding Rates and Official Interest Rates United States Target federal funds rate Effective federal funds Discount rate Canada Bank rate Call money Lower bound Euro area Marginal lending rate Eonia Repo rate Overnight deposit rate Japan Call money..... Discount rate Switzerland* Upper bound Libor rate Lower bound United Kingdom Call money Repo rate..... *In January, the Swiss National Bank began to target the Swiss Franc 3-month LIBOR interest rate, with the aim of keeping this rate inside a range given by an upper and a lower bound.

11 Chart Month Interest Rates 5-Sep- -Oct- 9-Oct- 1-Oct- 3-Oct- U.S. 9-day CD s, secondary market Australian bank bill Canadian finance paper Euro-area interbank Japanese CD Swedish treasury bill Swiss interbank U.K. interbank sterling Weighted average foreign interest rate (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart. Long Term Government Bellwether Bond Yields 1 -year maturity, where available Canada France Germany Italy Japan Switzerland United Kingdom United States Weighted average foreign interest rate (Canada, euro area, Japan, United Kingdom, Switzerland, Australia, and Sweden) Chart 7. Stock Indexes (Wednesday figures) Canada France Germany Euro area Italy Japan Switzerland United Kingdom United States Indices (in order, rebased to December 9, ) are Toronto Composite, SBF5, FAZ Aktien, DJ Euro Stoxx Index, Banca Italiana General, Tokyo SE (Topix), Swiss Performance Index, Financial Times Ordinary, NYSE Composite