Selected-Interest & Exchange Rates

Transcription

1 \\ (51/17) %' SelectedInterest & Exchange Rates Weekly Series of Charts March 7,19 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. DAILY CERTIFIED SPOT EXCHANGE RATES H. RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES. 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. INDUSTRIAL STOCK INDICES SUBSCRIPTION RATES: Weekly $1. per year or $.5 each in the United States, its possessions, Canada, and Mexico; or more of the same issue to one address, $19.5 per year or $.5 each. Elsewhere, $. per year or $. 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 PRICESOF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973= FOREIGN CURRENCY PRICE OF U.S. DOLLAR ITALIAN LIRA RATIO SCALE MARCH 1973= JAPANESE YEN, GERMAN MARK j r y\l M l l I I i, 11 Hi illi hill I i i i i iiii hiii i nil Hill II j x DUTCH GUILDER CANADIAN DOLLAR y\] 9 7 i i i lllllllllll lllllllllll UK.POUND Tn I I I 9 FRENCH FRANC S X, ^ 7 5 I I lllllllllll BELGIAN FRANC SWISS FRANC

4 CHART 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM CANADIAN DOLLAR JAPANESE YEN PERCENT PER ANNUM Av^ V lllllllllll U. K. POUND SWISS FRANC l\t" \f\j r GERI MAN MARK DUTCH GUILDER SA^y'Vv r\r lllllllllll FRENCH FRANC ITALIAN LIRA

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

6 CHART CALL MONEY RATES WEEKLY SERIES 1 1 PER ANNUM PERCENT PER M WM 1 U. S. FEDERAL FUNDS FRANCE I I 1_1 I 111Nil CANADA r GERMANY 1 UNITED KINGDOM SWITZERLAND 1 NETHERLANDS

7 CHART 5 3MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AH 1 U.S. CD'S CANADIAN FINANCE CO. PAPER 1 WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING FRENCH INTERBANK RATE I illill I GERMAN INTERBANK RATE NETHERLANDS INTERBANK RATE e JAPANESE GENSAKIRATE SWISS INTERBANK RATE I i

8 CHART EURODOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 1 ENT PER ANNUM PERCENT PER AL 1 OVERNIGHT 3MONTH 1 1 7DAY MONTH 1 1 1MONTH 1YEAR

9 CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS<+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 1 1 FEDERAL FUNDS DASHED LINE 3MONTH EURODOLLAR DEPOSITS OVERNIGHT EURODOLLAR DEPOSITS 9DAY CD' S DASHED LINE I I DIFFERENTIAL DIFFERENTIAL 71.A ZX «A IAA^.ZV^VKU/A. yy^f M i l l f PERCENT ON DIFFERENTIAL SCALE = PERCENT ON RATE SCALE ill

10 CHART INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL:PLUS(+), INDICATESFAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERC NT PER ANNUM 1 PERCENT PER AW 1 INTERBANK STERLING COVERED LONDON CANADIAN FINANCE CO.PAPER, COVERED EURODOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE N i h i l DIFFERENTIAL DIFFERENTIAL + + J_J_J U_L 1 1 INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF)COVERED EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE I ll DIFFERENTIAL DIFFERENTIAL I PERCENT ON DIFFERENTIAL SCALE = PERCENT ON RATE SCALE

11 CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES PEF ENT PER ANNUM 1 PERCENT PER AL 1 1 UNITED STATES CANADA 1 XavX V to 1 UNITED KINGDOM SWITZERLAND GERMANY U. S. CORPORATE MONTHLY FRANCE AaaBONDS NETHERLANDS MONTHLY

12 CHART INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 199= 5 RATIO SCALE 199= 5 3 UNITED STATES yv UNITED KINGDOM 3 M JAPAN i j ^ FRANCE 35 5 ' 15 HIMIMIM,, 5 SWITZERLAND / CANADA 3 V m/ 15 i ill Mi ill i 5,,l.ill,Im NETHERLANDS 3, v * v S GERMANY / MhilMln Digitized for FRASER

13 SERIES NAME LIST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE BATES AMD INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MASK MARCH 59.1 JAPANESE YEN MARCH Q.7777 DUTCH GUILDER MARCH 5.7 U.K. POUND MARCH CANADIAN DOLLAR MARCH FRENCH FRANC MARCH 17. SWISS FRANC MARCH BELGIAN FfiANC MARCH.935 ITALIAN LIRA MARCH Q. SWEDISH KBONA MARCH 1.7 INDICES# MARCH 1973 BASE BATES = GERMAN MARK MARCH 1. JAPANESE YEN MARCH 3.3 DUTCH GUILDER MARCH U.K. POUND MARCH 71. CANADIAN DOLLAR MARCH 79.9 FRENCH FRANC MARCH 7.77 SWISS FRANC MARCH 3.9 BELGIAN FRANC MARCH ITALIAN LIRA MARCH 5.59 GHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = lg COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR MARCH 91.9 GERAAN HARK MARCH 17. JAPANESE YEN MARCH 3. DUTCH GUILDER MARCH 13.1 U.K. POUND MARCH 3.59 CANADIAN DOLLAR MARCH 71.9 FRENCH FRANC MARCH 7.3 SWISS FRANC MARCH 1.55 BELGIAN FRANC MARCH 3.1 ITALIAN LIRA MARCH SWEDISH KRONA MARCH 7. I. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR MARCH 1.75 U.K. POUND MARCH. G&RMAN MARK MARCH 3.39 FRENCH FRANC MARCH 1. SWISS FRANC MARCH 5. DUTCH GUILDER MARCH.7 JAPANESE YEN MARCH.5 ITALIAN LIRA MARCH 3.7

14 SERIES NAME LAST VALUE PLOTTED DATE VALOE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING.3. DOLLARS PER FINE ODNCE MARCH 9.3 CHART. CALL MONEY RITES U.S. FEDERAL FUNDS MARCH. OVERNIGHT EURODOLLAR DEPOSITS MARCH.9 U. K. MARCH.9 CANADA MARCH.3 GERMANY MARCH 3.5 JAPAN MARCH 3.5 FRANCE MARCH 7.1 NETHERLANDS MARCH 3.3 SWITZERLAND MARCH Q. 13 CHART 5. 3MONTH INTEREST RATES U.S. 9DAY CD'S, SECONDARY MARKET MARCH.5 GERMAN INTERBANK LOAN MARCH 3.33 JAPANESE GENSAKI RATE MARCH 3.1 CANADIAN FINANCE PAPER MARCH. INTERBANK STERLING MARCH 9.3 SWISS INTERBANK LOAN MARCH 1. FRENCH INTERBANK RATE MARCH 7. NETHERLANDS INTERBANK RATE MARCH 3.9 WEIGHTED AVERAGE FOREIGN INTEREST BATE MARCH 5.5 (G COUNTRIES PLUS SWITZERLAND) CHART. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT MARCH.9 7DAY MARCH.51 1HONTH MARCH.9 3MONTH MARCH.71 MONTH MARCH. 1YEAR MARCH CHART 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURODOLLAR DEPOSITS MARCH.9 U.S. FEDERAL FUNDS MARCH. DIFFERENTIAL MARCH Q.13 3MONTH EURODOLLAR DEPOSIT RATE MARCH.71 U.S. 9DAY CD'S, SECONDARY MARKET MARCH.5 DIFFERENTIAL MARCH,13

15 SEMES NAME LAST VALUE PLOTTED DATE VALUE CHART. INTEREST ARBITRAGE, 3MONTH FUNDS EURODOLLAR DEPOSIT MARCH.71 INTERBANK STERLING (LONDON), COVERED MAHCH.71 DIFFERENTIAL MARCH,1 U.S. COMMERCIAL PAPER MARCH.57 CANADIAN FINANCE PAPER, COVERED MARCH.1 DIFFERENTIAL MARCH. EURODOLLAR DEPOSIT MABCH.71 INTERBANK DM (FRANKFURT), COVERED MAHCH.7 DIFFERENTIAL MARCH Q.3 EURODOLLAR DEPOSIT MARCH.71 SISS INTERBANK, COVERED MARCH. DIFFERENTIAL MARCH.7 CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES FEB.. GERMANY FEB. 5. JAPAN FEB.. SWITZERLAND FEB CANADA FEB FRANCE FEB. 9.3 NETHERLANDS (MONTHLY) JAN..7 UNITED KINGDOM FEB..99 U.S. CORPORATE AAA BONDS MAY 9.33 CHART. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN FEB. 1. FEB FEB. 3.9 FEB FEB FEB FEB. 33. FEB. 53.

16 FEDERAL RESERVE statistical release.1 v&khv, H.(5) MARCH, 19 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH, 19 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 rates in New York City for cable transfers payable in foreign currencies: COUNTRY MONETARY (CURRENCY UNITS PER DOLLAR) UNIT FEB. 9 MAR. 1 MAR. MAR. 3 MAR. AUSTRALIA DOLLAR AUSTRIA SCHILLING BELGIUM FRANC CANADA DOLLAR CHINA,P.R. YUAN DENMARK KRONE FINLAND MARKKA FRANCE FRANC GERMANY D. MARK GREECE DRACHMA HONG KONG DOLLAR INDIA RUPEE IRELAND POUND ITALY LIRA JAPAN YEN MALAYSIA RINGGIT NETHERLANDS GUILDER *NEN ZEALAND DOLLAR NORWAY KRONE PORTUGAL ESCUDO SINGAPORE DOLLAR SOUTH AFRICA RAND SOUTH KOREA WON SPAIN PESETA SRI LANKA RUPEE SWEDEN KRONA SWITZERLAND FRANC TAIWAN DOLLAR THAILAND BAHT UNITED KINGDOM POUND MEMO: UNITED STATES DOLLAR (INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G COUNTRIES. MARCH 1973 =. HEIGHTS ARE 1977 GLOBAL TRADE OF EACH OF THE COUNTRIES. SERIES REVISED AS OF AUGUST 197. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE NEIGHTEDAVERAE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 7 OF THE AUGUST 197 FEDERAL RESERVE BULLETIN. *VALUE IS U.S. CENTS