Selected Interest & Exchange Rates Weekly Series of Charts

Transcription

1 F>vv Selected Interest & Exchange Rates Weekly Series of Charts APRIL 7,197 DIVISION OF INTERNATIONAL FINANCE Prepared by the / /BOARD OF GOVERNORS FINANCIAL MARKETS '/ FEDERAL RESERVE SYSTEM SECTION Cf Washington, D.C. 21

2 Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATES-- 3. GOLD PRICE- LONDON H.1 RELEASE 4. CALL MONEY RATES. 3-MONTH INTEREST RATES. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES a 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 - CANADIAN DOLLAR - 9 I I I I I I 14 JAPANESE YEN q 14 A. FRENCH FRANC a_ J\ / " - I I I u l u I I I I I I GERMAN MARK - SWISS FRANC I I I I I I I DUTCH GUILDER - BELGIAN FRANC A ^ Z ; i i i I I l U.K. ROUND ITALIAN LIRA - i i i I I I

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

5 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 21. Kg BARS Afternoon fixing price

6 b Chart 4 CALL MONEY RATES WEEKLY SERIES 1 1 :NT PER ANNUM OVERNIGHT EURO-DOLLARS / JAPAN, PER CENT PER At 1! 1 U.S. FEDERAL FUNDS I I I ill I I III I, llllllllll i l l I I I U.K. 2-DAY LOCAL AUTHORITY 1 FRANCE I i I! i I II CANADA NETHERLANDS 1 2 I I I I I I I Vw^ W i II EURO-SWISS FRANC GERMANY 1 EURO-DM

7 Chart 3-MONTH INTEREST RATES WEEKLY SERIES UNITED STATES CD's CANADIAN FINANCE CO. PAPER nil) 1 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 4 1 EURO-DOLLAR SWISS DEPOSIT RATE JAPAN Monthly

8 Chart EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 1 OVERNIGHT 3-MONTH DAY -MONTH 1 1-MONTH 1-YEAR

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

10 nv " Chart [ INTEREST ARBITRAGE: 3-MONTH FUNDS PER CENT PER ANNUM AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM 2 2 EURO-DOLLAR DEPOSITS INTERBANK DM, Covered Frankfurt INTERBANK STERLING Covered London ^. EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL 1 ~ CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 1 U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF) 1' rn\/prpn : > ^ t\vx y v 1 ' DIFFERENTIAL DIFFERENTIAL

11 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES \\ 9 UNITED STATES 7 CANADA GERMANY SWITZERLAND 1 / JAPAN Industrial 14 1 UNITED KINGDOM FRANCE 1 NETHERLANDS 4 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 199= 1 UNITED STATES 4 32 JAPAN UNITED KINGDOM CANADA SWITZERLAND FRANCE General index GERMANY

13 Sb LAST VALUE PLOTTED SERIES NAME DATE VALUE, I CHART 1. SPOT EXCHANGE RATES U.S. DOLLAR, WEIGHTED AVERAGE APRIL JAPANESE YEN APRIL GERMAN MARK APRIL DUTCH GUILDER APRIL? 11. U.K. POUND APRIL 2.2 CANADIAN DOLLAR APRIL FRENCH FRANC APRIL SWISS FRANC APRIL BELGIAN FRANC APRIL ITALIAN LIRA APRIL 2 9. CHART 2. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR APRIL 2.34 U.K. POUND APRIL GERMAN MARK APRIL FRENCH FRANC APRIL SWISS FRANC APRIL DUTCH GUILDER APRIL 2. JAPANESE YEN APRIL CHART 3. GOLD PRICE IN LONDON U.S. DOLLAR PER FINE OUNCE APRIL CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS APRIL 2.9 OVERNIGHT EURO-DOLLAR DEPOSITS APRIL 2.29 U.K. 2-DAY LOCAL AUTHORITY DEPOSITS MAR CANADA MAR. 21. GERMANY MAR EURO-DM MAR JAPAN MAR. 2. FRANCE MAR. 2. NETHERLANDS MAR EURO-SWISS FRANC MAR. 2.1 CHART. 3-MONTH INTEREST RATES U.S. CD'S (-9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT APRIL APRIL JAN. APRIL APRIL APRIL APRIL

14 \ v \ SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT APRIL DAY APRIL MONTH APRIL MONTH APRIL 2.9 -MONTH APRIL 2 7. X-YEAR APRIL 2. CHART 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS APRIL 2.29 U.S. FEDERAL FUNDS APRIL 2.9 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS APRIL MONTH EURO-DOLLAR DEPOSIT RATE APRIL 2.9 U.S. CD'S (-9 DAYS) APRIL 2.7 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS APRIL CHART. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT APRIL 2.9 INTERBANK STERLING (LONDON), COVERED APRIL DIFFERENTIAL APRIL U.S. COMMERCIAL PAPER APRIL 2.3 CANADIAN FINANCE CO. PAPER, COVERED APRIL DIFFERENTIAL APRIL 2 1. EURO-DOLLAR DEPOSIT APRIL 2.9 INTERBANK DM (FRANKFURT), COVERED APRIL 2.9 DIFFERENTIAL APRIL 2. EURO-DOLLAR DEPOSIT APRIL 2.9 SWISS DEPOSIT (SF), COVERED APRIL 2.9 DIFFERENTIAL APRIL 2 1.1

15 LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART 9. LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM MAR. 2. MAR FEB MAR. 7.9 MAR MAR.?1 1. MAR MAR U.S. CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS FEB. 2.2 FEB. 2.7 FEB. 2.3 CHART 1. INDUSTRIAL STOCK INDEXES UNITED STATES MAR. 2,,4 JAPAN MAR CANADA MAR. 14 9,.43 FRANCE MAR ,, t4 UNITED KINGDOM MAR. 21.,27 SWITZERLAND MAR. 21 2,,9 GERMANY MAR. 21 7,,1

16 FEDERAL RESERVE H.IO FOREIGN EXCHANGE RATES FOR THF WEFK ENDING' APRIL 197 APRIL 4, 197 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: MONETARY (RATE U.S. CENTS) COUNTRY UNIT MAR. 31 APR. 1 APR. 2 APR. 3 APR, 4 AUSTRALIA DOLLAR AUSTRIA SCHILLING ,9 PELCIUM FRANC CANADA DOLLAR OQ DENMARK KRONE FINLAND MARKKA FRANCE FR ANC GERMANY D. MARK INDIA RUPEE ,9 IRELAND POUND , ,3 ITALY LIRA ,17 JAPAN YEN O.3432O MALAYSIA DOLLAR MEXICO PESO...., NETHERLANDS GUILDER ,7 41,73 41,2 NEW ZEALAND DOLLAR , NORWAY KRONE ,3 2,19 PORTUGAL FSCUDO ,1 4, SOUTH AFRICA RAND ,7 14,7 SPAIN PESETA SRI LANKA RUPEE 1% ,4 1,4 SWEDFN KRONA ,34 SWITZERLAND FRANC * 39. UNITED KINGDOM POUND \ 239,3 <S~*