,,#r. Selected Interest & Exchange Rates

Transcription

1 5HHO,,#r. Selected Interest & Exchange Rates Weekly Series of Charts September 11, 1978 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 0551

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 6. EURODOLLAR DEPOSIT RATES 7. SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES a tnterest ARBITRAGE: 3MONTH FUNDS 9. LONGTERM GOVERNMENT BOND YIELDS. INDUSTRIAL STOCK INDICES SUBSCRIPTION RATES: Weekly $15.00 per year or $.0 each in the United States, its possessions, Canada, and Mexico; or more of the same issue to one address, $13.50 per year or $.35 each. Elsewhere, $0.00 per year or $.50 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 RATIO MAAO 10 CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY SCALE RATIO 1973=0 MARCH FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR SO GERMAN MARK FRENCH FRANC JAPANESE YEN f\j ~ SWISS FRANC Jf ~ 90 ~l I I I I I I i i i i i i i DUTCH GUILDER BELGIAN FRANC lllllllllll U.K. POUND * ITALIAN LIRA 70 * ' " * Lv" ^ ^ 50 I I I lllllllllll

4 6 CHART 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY ITALIAN LIRA CANADIAN DOLLAR DUTCH GUILDER U. K. POUND SWISS FRANC M 8ERMAN MARK / pzx I I I I I I I I I i.liiiiiln FRENCH FRANC JAPANESE YEN J J I I I I I I I I I I I I I I I I

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY KS. DOLLARS PER FINE OUNCE >0 U.S. DOLLARS PER FINE OUNCE Kg BARS AFTERNOON FIXING PRICE #

6 CHART CALL MOtiEY RATES WEEKLY SERIES U.S. FEDERAL FUNDS Yn JAPAN OVERNIGHT EURODOLLARS i i i I I I iiliiliiln iiliiliiln FRANCE U.K. DAY LOCAL AUTHORITY y j I I I CANADA NETHERLANDS i i i I I I GERMANY EUROSWISS FRANC EURODM I I I III I I I I I

7 CHART 5 3MONTH INTEREST RATES WEEKLY SERIES ENT PER ANNUM PER CENT PER AN 1 CANADIAN FINANCE CO. PAPER WEIGHTED AVERAGE FOREIGN RATE 8 U.S. CD S V 16 1 JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING 8 SWISS INTERBANK RATE GERMAN INTERBANK RATE

8 CHART 6 EURODOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY * OVERNIGHT 3MONTH ) 6MONTH 7DAY J I I I I I I 1YEAR 1MONTH

9 CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 0 PER CENT PER ANNLJM 8 FEDERAL FUNDS DASHED LINE 3MONTH EURODOLLAR DEPOSITS OVERNIGHT EURODOLLAR DEPOSITS 90DAY CD'S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS I I I I I I i I i 11 i 11 i I I I I I I I I I I I I I I I I I I FAVORS BORROWING IN U. S. IF POSITIVE

10 CHART 8 INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER ENT PER ANNUM PER CENT PER M EURODOLLAR DEPOSITS 8 INTERBANK STERLING COVERED LONDON INTERBANK DM COVERED FRANKFURT EURODOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I II II I I I I I I II II I I I CANADIAN FINANCE CO. PAPER, COVERED EURODOLLAR DEPOSITS U.S. COMMERCIAL PAPER DASHED LINE SWISS INTERBANK (SF) COVERED DASHED LINE DIFFERENTIAL DIFFERENTIAL

11 CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES e 9 7 J / W UNITED STATES L/W Y^VXR ZV^AY^ AV CANADA # 5 I I I I I I JAPAN INDUSTRIAL \ SWITZERLAND GERMANY I I I I I I UNITED KINGDOM FRANCE NETHERLANDS U. S. CORPORATE MONTHLY U. S. CORPORATE MONTHLY EURODOLLAR BONDS Am# BONDS EURODM BONDS L I I I I I IMIIIIMIII I I I I I I I I I I I

12 RATIO SCALE 1969=0 10 CHART INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969= UNITED STATES 0 JU / ^ A / UNITED KINGDOM ILLLLLLLLLL JAPAN 0 y ~I Illllllllll 10 CANADA 0 SWITZERLAND / A FRANCE r GENERAL INDEX 0 F ~ GERMANY 80 V 60 I I I I I I

13 SERIES NAME LAST VALUE PLuTTED UATc VALUE I CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK b 50.5 JAPANESE YEN DUTCH GUILDER t> b. U.K. POUND 6 19.b CANADIAN DOLLAR o 6b.79 FRENCH FRANC SWISS FRANC SfcPT. b bl.7 belglan FRANC b ITALIAN LIRA b IICES, MARCH 1973 BASE RATES = 0 GERMAN MARK b 11.9 JAPANESE YEN b DUTCH GUILDER b U.K. POUND b 7b.b5 CANADIAN DOLLAR b bb.51 FRENCH FRANC b 3.73 SWISS FRANC b 19ti.b BELGIAN FRANC b 1b.00 ITALIAN LIRA b b8.17 GHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 0 U.S. DOLLAR b 89.8 GERMAN MARK b JAPANESE YEN o DUTCH GUILDER b 1.7 U.K. POUND b b9.b9 CANADIAN DOLLAR FRENCH FRANC b 9.81 SWISS FRANC SEPT. b btlglan FRANC b llb.b9 ITALIAN LIRA b bo. CHART. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OK DISCOUNT CANADIAN DOLLAR b 0.9 U.K. POUND b.6b GERMAN MARK b 5.7 FRENCH FRANC b 0.01 SWISS FRANC b 8.3 DUTCH GUILDER b 3.31 JAPANESE YEN >EPT. b b.7 ITALIAN LIRA SEPT. b 5.05

14 SERIES NAME LAST VALUE PLOlTfcD DATE VALUE CHART 3. GOLD PRIlE IN LONDON U.S. DOLLARS PER FINE OUNCE CHART. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURODULLAR DEPOSITS U.K. UAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURODM JAPAN FRANCE NETHERLANDS EUROSWISS FRANC AUG b.3o V CHART 5. 3MONTH INTEREST RATES U.S. 90DAY CD'S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS 6.57 WEIGHTED AVERAGE FOREIGN INTEREST RATE CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT DAY MONTH MONTH MONTH YEAR 6 9. CHART 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURODOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS MONTH EURODOLLAR DEPOSIT RATE U.S. 90DAY CD'S DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS 6 0. j

15 SERIES NAME LAST V*LUfc PLOTTED OATC VALUE CHART 8. INTEREST ARBITRAGE, 3MONTH FUNDS EURODOLLAR DEPOSIT INTERBANK STERLING ILONDON), COVERED O 6. DIFFERENTIAL 6 *.3 U.S. COMMERCIAL PAPER 6 a.07 CANADIAN FINANCE PAPER, COVERED o 8.51 DIFFERENTIAL 6 0. EURODOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED o 9.1 DIFFERENTIAL EURODOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL 6 O.ll CHART 9. LONG TERM GOVERMENT BOND YIELDS UNITED STATES 1 8.,38 GERMANY AUG. 11 OI 0 JAPAN (MONTHLY) JULY SWITZERLAND AUG CANADA FRANCE AUG. t>..13 NETHERLANDS AUG ONITED KINGDOM AUG. 5 11,. U.S. CORPORATE AAA BONDS JULY 8.88 EURODM BONDS JULY 6,.83 TUROOOLLAR BONDS JULY 8.1 CHART. INDUSTRIAL STOCK INDICES UNITED STATES JAPAN AUG CANADA. t AUG FRANCE AUG UNITED KINGDOM SWITZERLAND AUG GERMANY AUG