Selected Interest & Exchange Rates Wfeekly Series of Charts

Transcription

1 H.13 Selected Interest & Exchange Rates Wfeekly Series of Charts OCTOBEITtB, 1974 DfVfSKHt OF INTERNATIONAL FINANCE Prepare* by the / Z BOARD OF GOVERNORS FINANCIAL MARKETS FEBBRfttrRSSEBVE SYSTEM SECTION Washington, D C. 21

2 Table of Contents CHARTS 1. SPOT EXCHANGE RATE INDEXES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE-LONDON TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES- H.1 RELEASE 4. CALL MONEY RATES. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES j 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 1. INDUSTRIAL STOCK INDEXES

3 Chart 1 SPOT EXCHANGE RATES INDEXES OF DOLLAR PRICES OF FOREIGN CURRENCIES AVERAGES FOR WEEK ENDING WEDNESDAY 9 FOREIGN CURRENCY.PRICE OF U.S. DOLLAR Weighted average I I I M M I I I I I I I CANADIAN DOLLAR 14 JAPANESE YEN FRENCH FRANC 14 l / A, - \f i i i i i i I I I I I I MIMIMIH MINI,,,,, GERMAN MARK SWISS FRANC I I I I I I 16 DUTCH GUILDER ~ BELGIAN FRANC ~ / 14 Y I I I I I I 111,111 I 111 I, 11, U.K. POUND ITALIAN LIRA I2 I

4 PER CENT PER ANNUM 6 CANADIAN DOLLAR Chart2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+LOR DISCOUNT (-) AVERAGES FOR WEEK ENDING WEDNESDAY 6 6 U.K. POUND SWISS FRANC B GERMAN MARK DUTCH GUILDER FRENCH FRANC JAPANESE YEN I - 2 per cent on scale equals 1 per cent on all others H

5 Chart 3 PRICE OF GOLD W LONDON AVERAGES FOR WEEK ENDING WEDNESDAY OS.DOLLARS PER FINE OUNCE 2. Kg BARS Afternoon fixing price J L i I ii I i i I i i I i i i i i I i i I i i

6 Chart 4 CALL MONEYjt ATES WEEKLY SERJES OVERNIGHT EURO-DOLLARS JAPAN MNUH 1 1P U.S. FEDERAL FUNDS U.K. 2-DAY LOCAL AUTHORITY is FRANCE 1 1 s NETHERLANDS 1 CANADA 2 2 EURO-SWISS FRANC GERMANY 1 EURO-DM 1S

7 Chart 3-MONTH INTEREST RATES WEEKLY SERIES PER UNITED STATES CD's CANADIAN FINANCE CO. PAPER ao 2 GERMAN INTERBANK RATE U.K. INTERBANK STERLING EURO-DOLLAR SWISS DEPOSIT RATE JAPAN Monthly

8 Chart 6 EURO DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 CENT PER ANNUM OVERNIGHT 3-MONTH PER CENT PER DAY 6-MONTH MONTH 1-YEAR

9 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 1 FEDERAL FUNDS 3-MONTH Euro-dollar deposits 1 OVERNIGHT Euro dollar deposits 6-9 DAY CD's \l\ r 6 MM \ l tvvv DIFFERENTIAL Ad usted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements Favors Borrowing in U.S. if Positive

10 Chart INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS 2 ;ENT PER ANNUM PER CENT PER M 2 1 INTERBANK DM, COVERED Frankfurt 1 EURO-DOLLAR DEPOSI1 1 1 INTERBANK STERLING,,, COVERED London!\i\ ' EURO-DOLLAR DEPOSITS DIFFERENTIAL ' v \\J A 1 DIFFERENTIAL CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF), COVERED, sa /U' J : v y/ y v DIFFERENTIAL DIFFERENTIAL I I I I 1 I I

11 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 7 UNITED STATES CANADA LLL nhi 1 GERMANY FRANCE y JAPAN Industrial NETHERLANDS 6 1 UNITED KINGDOM SWITZERLAND 6 1 U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro-Dm bonds Aaa bonds Euro dollar bonds

12 Chart 1 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 24 1 UNITED STATES JAPAN UNITED KINGDOM CANADA SWITZERLAND 1 SO FRANCE General index GERMANY

13 \3 LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART I. SPOT EXCHANGE RATES U.S. DOLLAR, WEIGHTED AVERAGE OCT JAPANESE YEN OCT. 9.2 GERMAN MARK OCT DUTCH GUILDER OCT U.K. POUND OCT CANADIAN DOLLAR OCT C FRENCH FRANC OCT SWISS FRANC OCT BELGIAN FRANC OCT. 9.7 ITALIAN LIRA OCT MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR OCT U.K. POUND OCT GERMAN MARK OCT FRENCH FRANC OCT SWISS FRANC OCT DUTCH GUILDER OCT JAPANESE YEN OCT GOLD PRICE IN LONDON U.S. DOLLAR PER FINE OUNCE OCT CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS OCT OVERNIGHT EURO-DOLLAR DEPOSITS OCT U.K. 2-DAY LOCAL AUTHORITY DEPOSITS OCT. 4 1,, CANADA OCT. 4 9,, GERMANY SEPT. 27 9,. EURO-DM OCT. 4 9,,699 JAPAN SEPT ,, FRANCE SEPT NETHERLANDS SEPT EURO-SWISS FRANC OCT. 4 1.,6 CHART. 3-MONTH INTEREST RATES U.S. CD'S (6-9 DAYS) OCT GERMAN INTERBANK LOAN OCT JAPANESE COMPOSIT LOAN JULY EURO-DOLLAR DEPOSIT OCT CANADIAN FINANCE COMPANY PAPER OCT INTERBANK STERLING OCT SWISS DEPOSIT SEPT

14 I V\ LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART 6. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT EURO-DOLLAR DEPOSITS OCT DAV EURO-DOLLAR DEPOSIT RATE OCT. Q MONTH EURO-DOLLAR DEPOSIT RATE OCT MONTH EURO-DOLLAR DEPOSIT RATE OCT MONTH EURO-DOLLAR DEPOSIT RATE OCT YEAR EURO-DOLLAR DEPOSIT RATE OCT SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS OCT U.S. FEDERAL FUNDS OCT DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS OCT MONTH EURO-DOLLAR DEPOSIT RATE, OCT U.S. CD'S (6-69 DAYS) OCT DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS OCT INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT OCT & INTERBANK STERLING (LONDON), COVERED CCT DIFFERENTIAL OCT U.S. COMMERCIAL PAPER OCT CANADIAN FINANCE CO. PAPER, COVERED OCT DIFFERENTIAL OCT EURO-DOLLAR DEPOSIT OCT INTERBANK DM (FRANKFURT), COVERED CCT DIFFERENTIAL CCT EURO-DOLLAR DEPOSIT OCT SWISS DEPOSIT (SF), COVERED OCT DIFFERENTIAL OCT

15 LAST VALUE PLOTTED SERIES NAME DATE VfLUE CHART 9. LONG TERM GOVERNMENT BOND YIELDS UNITED STATES CCT. 4 7,.999 GERMANY SEPT JAPAN (MONTHLY) AUG. 3 1,.169 SWITZERLAND SEPT. 6 7,.366 CANADA OCT. 4 9,.677 FRANCE SEPT. 2 11,.* NETHERLANDS SEPT ,4 UNITED KINGDOM OCT. 4 1,,466 U.S. CORPORATE AAA BONDS EURC-DM BONDS EURO-DOLLAR BONOS AUG AUG AUG CHART 1. INDUSTRIAL STOCK INDEXES UNITED STATES SEPT. 27 7,.344 JAPAN SEPT CANADA SEPT. 27 7,. FRANCE SEPT. 2 2,.9 UNITED KINGDOM SEPT ,. SWITZERLAND OCT. 4 2.,799 GERMANY SEPT ,77

16 FEDERAL statistical RESERVE release FOREKMi EXCHANGE RATES FOR THE WEEK ENDING OCTOBER lit 1974 OCTOBER lit 1974 The Board of Governors of %#* Federal Reeerwe Syeteai le advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rate In New York City for csftte transfers payable In foreign currencies: MONETARY IRATE U.S. CENTS) COUNTRY UNIT OCT. 7 OCT. OCT. 4 OCT. 1 OCT. 11 AUSTRALIA DOLLAR AUSTRIA SCHILLING BELGIUM FRANC CANADA DOLLAR DENMARK KRONE FINLAND MARKKA FRANCE FRANC GERMANY D. MARK INDIA RUPEE.*O>O.4.4.4*.4 IRELAND POUND ITALY LIRA JAPAN YEN MALAYSIA DOLLAR MEXICO PESO..... NETHERLANDS GUILDER NEW ZEALAND DOLLAR NORWAY KRONE » 1. PORTUGAL ESCUDO SOUTH AFRICA RAND SPAIN PESETA SRI LANKA 11) RUPEE SWEDEN KRONA SWITZERLAND FRANC UNITED KINGDOM POUND ) SRI LANKA PREVIOUSLY KNOWN AS CEYLON