Selected Interest & Exchange Rates

Transcription

1 Selected Interest & Exchange Rates Weekly Series of Charts May 1,191 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 551

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. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE-LONDON. CALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM 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, $. 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 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=1 RATIO SCALE MARCH 1973=1 1 U.K. POUND FOREIGN CURRENCY PRICE OF U.S. DOLLAR : vv FRENCH FRANC - - V\ : 1 ^ ' I I I I I I - AJj \ JAPANESE YEN 1 - SWISS FRANC I I I I I I BELGIAN FRANC ^ x : DUTCH GUILDER 1 " M ITALIAN LIRA 6 CANADIAN DOLLAR I I V 6 I I I I I I I! I I I I I I

4 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM ( ) OR (-) AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 6 PERCENT PER ANNUM 2 CANADIAN DOLLAR ITALIAN LIRA _ ~ ^ r \ _ / V V \l V i i i I I I V i i V i V - 2 «U. K. POUND v\a V I V : DUTCH GUILDER I I I III llllllll 6 1 GERMAN MARK SWISS FRANC Jj A ii nil ill ii l l l I I I FRENCH FRANC \ JAPANE :SE YEN 1 l \ i I tl n 1 1 U ill ill f

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. [ LLARS PER FINE OUNCE U.S. DOLLARS PER FINE Kg BARS 5 AFTERNOON FIXING PRICE I I 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 :NT PER ANNUM PERCENT HER At U. S. FEDERAL FUNDS U. K. 2-DAY LOCAL AUTHORITY illllllllll 2 2 EURO-SWISS FRANC CANADA NETHERLANDS l l l l l 11II111111llllI I I I I I I I I u FRANCE ITV "- GERMANY III WEURO-DM I I I illllllllll Illllllllll Illllllllll

7 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERC NT PER ANNUM PERCENT PER AN U. S. CD' S U.K. INTERBANK STERLING WEIGHTED AVERAGE FOREIGN RATE 22 1 CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE JAPANESE BANK LOANS AND DISCOUNTS - SWISS INTERBANK RATE V - vzi'wa J \ I

8 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER Af 2 2 OVERNIGHT 3-MONTH DAY 6-MONTH MONTH 1-YEAR - A J - I I I I I I I I I I I I I I iiliiliiln

9 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUSM, FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY 26 INT PER ANNUM PERCENT PER AN IUM FEDERAL FUNDS l\ / l\ Ijij \ J 1 " J V - 3-MONTH EURO-DOLLAR DEPOSITS - j 1 p / J f TW* OVERNIGHT EURO-DOLLAR DEPOSITS I I II ll I I LLL t! I I I i I DIFFERENTIAL DIFFERENTIAL i L_i 11 i,u 11 n i l i i L J i I I I I I I I I I I I I I I I I I I I I I I PERCENT ON DIFFERENTIAL SCfLE = 2 PERCENT ON RATE SCALE

10 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS'+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 2 PERCENT PER ANNUM 2 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED _ I I A / INTERBANK STERLING COVERED LONDON, I I M i l l U. S. COMMERCIAL PAPER DIFFERENTIAL " DIFFERENTIAL - ~ f\a r m ya A " V V V iv : ~ I I I " i l l i i i INTERBANK DM COVERED FRANKFURT EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS 1 I 1 I I I I I I I DIFFERENTIAL DIFFERENTIAL I I I PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

11 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES ANNUM PERCENT PER CANADA 13 UNITED STATES SWITZERLAND 5 GERMANY FRANCE 15 UNITED KINGDOM NETHERLANDS U. S. CORPORATE MONTHLY MONTHLY 13 Aaa BONDS JAPAN EURO-DOLLAR BONDS

12 CHART 1 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=1 RATIO SCALE 1969=1 UNITED STATES FRANCE GENERAL INDEX JAPAN SWITZERLAND GERMANY - UNITED KINGDOM l M, t ~ 1 / ~ - 1 i i i I,

13 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK MAY 13 3., JAPANESE YEN MAY 13.,57 DUTCH GUILDER MAY ,5 U.K. POUND MAY 13 9.,7 CANADIAN DOLLAR MAY 13 3.,29 FRENCH FRANC MAY SWISS FRANC MAY 13.,27 BELGIAN FRANC MAY 13 2.,67 ITALIAN LIRA MAY 13., INDICES, MARCH 1973 BASE RATES = 1 GERMAN MARK MAY JAPANESE YEN MAY DUTCH GUILDER MAY U.K. POUND MAY 13.2 CANADIAN DOLLAR MAY FRENCH FRANC MAY SWISS FRANC MAY BELGIAN FRANC MAY ITALIAN LIRA MAY ighted AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 1 (G-1 COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR MAY GERMAN MARK MAY JAPANESE YEN MAY DUTCH GUILDER MAY U.K. POUND MAY CANADIAN DOLLAR MAY FRENCH FRANC MAY SWISS FRANC MAY BELGIAN FRANC MAY ITALIAN LIRA MAY 13.7 SWEDISH KRONA MAY CHART 2. 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR MAY 13. U.K. POUND MAY GERMAN MARK MAY FRENCH FRANC MAY SWISS FRANC MAY DUTCH GUILDER MAY JAPANESE YEN MAY ITALIAN LIRA MAY

14 SERIES NAME L&ST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE BAY CHART. CALL MONEY RATES U.S. FEDERAL FUNDS MAY OVERNIGHT EURO-DOLLAR DEPOSITS MAY 13 1.,22 U.K. 2-DAY LOCAL AUTHORITY DEPOSITS MAY 1.,63 CANADA MAY GERMANY MAY 11., EURO-DM MAY 1 11., JAPAN MAY 7.,13 FRANCE MAY. 25 NETHERLANDS APRIL 2 9.,9 EURO-SWISS FRANC MAY 1 7., CHART 5. 3-MONTH INTEREST RATES U.S. 9-DAY CD'S, SECONDARY MARKET MAY GERMAN INTERBANK LOAN MAY JAPANESE BANK LOANS & DISCOUNTS MAY CANADIAN FINANCE PAPER MAY INTERBANK STERLING MAY SWISS INTERBANK LOAN MAY WEIGHTED AVERAGE FOREIGN INTEREST RATE MAY (G-1 COUNTRIES PLUS SWITZERLAND) CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT MAY DAY MAY MONTH MAY MONTH MAY MONTH MAY YEAR MAY CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS MAY U.S. FEDERAL FUNDS MAY DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MAY MONTH EURO-DOLLAR DEPOSIT RATE MAY U.S. 9-DAY CD'S, SECONDARY MARKET MAY DIFFERENTIAL MAY 13. 6

15 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL MAY MAY MAY U.S. COMMERCIAL PAPER MAY CANADIAN FINANCE PAPER, COVERED MAY DIFFERENTIAL MAY EURO-DOLLAR DEPOSIT MAY INTERBANK DM (FRANKFURT), COVERED MAY DIFFERENTIAL MAY EURO-DOLLAR DEPOSIT MAY SWISS INTERBANK, COVERED MAY DIFFERENTIAL MAY CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES MAY 1.6 GERMANY MAY JAPAN (MONTHLY) APRIL 7.9 SWITZERLAND APRIL CANADA MAY FRANCE MARCH NETHERLANDS APRIL UNITED KINGDOM APRIL U.S. CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS MARCH DEC FEB..17 CHART 1. INDUSTRIAL STOCK INDICES UNITED STATES MAY JAPAN MAY FRANCE APRIL 3 1. UNITED KINGDOM MAY SWITZERLAND MAY 7. GERMANY MAY 1 99.,

16 FEDERAL RESERVE statistical release f^rssv: H.1(5) FOREIGN EXCHANGE RATES FOR THE WEEK ENDING HIT 15, 191 HIT 1, 191 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: COUNTRT MONETARY (RATE U.S. CENTS) UNIT MAY 11 MAY MAY 13. MAY 1 MAY 15 AUSTRALIA DOLLAR AUSTRIA SCHILLING BELGIUM FRANC ' CANADA DOLLAR DENHARK KRONE & FINLAND MARKKA FRANCE FRANC GERHANT D. MARK INDIA RUPEE IRELAND POUND « ITALY LIRA JAPAN YEN MALAYSIA DOLLAR MEXICO PESO NETHERLANDS GUILDER NEW ZEALAND DOLLAR NORWAY KRONE PORTUGAL ESCUDO SOUTH AFRICA RAND SPAIN PESETA SRI LANKA RUPEE SWEDEN KRONA SWITZERLAND FRANC UNITED KINGDOM POUND