Selected Interest & Exchange Rates Wfeekly Series of Charts

Transcription

1 Selected Interest & Exchange Rates Wfeekly Series of Charts SEPTEMBER 22,197 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 21

2 7- 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. RELEASE 4. CALL MONEY RATES. 3-MONTH INTEREST RATES. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS. INDUSTRIAL STOCK INDEXES

3 Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY C 9C FOREIGN CURRENCY PRICE OF U.S. DOLLAR CANADIAN DOLLAR 12 8 I I I liiliiliiliilnliiliiln 8 14 FRENCH FRANC A GERMAN MARK/v - SWISS FRANC J ijf\- V J / r i V J / / ^ ~ j / : M J / i x V " V/V T I - T T T IMI.IIIIIM DUTCH GUILDER U.K. POUND

4 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT (-) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR U.K. POUND SWISS FRANC B 12 I I I I I 12 (""GERMAN MARK 12 DUTCH GUILDER FRENCH FRANC JAPANES!: YEN - 2 per cent m scale equeh 1 per cent < HI all others

5 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY Kg BARS _ Afternoon fixing price US. DOLLARS PER FINE OUNCE

6 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT is r OVERNIGHT EURO-DOLLARS JAPAN U.S. FEDERAL FUNDS 2 U.K. 2-DAY LOCAL AUTHORITY 2 1 FRANCE 1 I 1 CANADA NETHERLANDS hihiiiiiiimiiiiiiiii 2 2 EURO-SWISS FRANC GERMANY 1 V EURO-DM I i

7 Chart 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER GERMAN INTERBANK RATE U.K. INTERBANK STERLING EURO DOLLAR ju SWISS DEPOSIT RATE - / V - fv,v JAPAN Monthly I I I I I I I H I I I I I MIMIMIM MIMIMIM

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

9 PER 1 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY FEDERAL FUNDS 3-MONTH Euro-dollar deposits OVERNIGHT Eurodollar deposits -89 DAY CD'S I I 1 ' DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements Favors Borrowing in U.S. if Positive

10 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER 2 PER ANNUM PER CENT PER 2 1 EURO-DOLLAR DEPOSITS INTERBANK DM, Covered Frankfurt 1 INTERBANK SJERUNG Covered London ^ EURO-DOLLAR DEPOSITS DIFFERENTIAL DIFFERENTIAL 1 - CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 1 U.S. COMMERCIAL PAPER SWISS DEPOSITS (SF) COVERED ' S DIFFERENTIAL DIFFERENTIAL

11 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES \ ENT PER ANNUM PER CENT PER A UNITED STATES CANADA IT jj~ - 8 A i i i i i i, - 9 GERMANY SWITZERLAND - V x - 7 f I / JAPAN Industrial - I I I I I I I I I I I I I 3 18 UNITED KINGDOM j 1 FRANCE NETHERLANDS 8 U.S. CORPORATE Monthly U.S. CORPORATE Monthly 12 Euro-Dm bonds z - Aaa bonds Euro dollar bonds / y "TnTTi I i nlmlnln 8

12 Chart INDUSTRIAL STOCK INDEXES WEEKLY SERIES 18 UNITED STATES 4 32 UNITED KINGDOM JAPAN CANADA 18 SWITZERLAND 4 18 FRANCE General index GERMANY

13 U.S. CD'S (-89 DAYS). GERMAN INTERBANK LOAN 3.8 JAPANESE COMPOSITE LOAN AUG EURO-DOLLAR DEPOSIT 7.44 CANADIAN FINANCE COMPANY PAPER 9.2 INTERBANK STERLING.4 SWISS DEPOSIT. LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART 1, SPOT EXCHANGE RATES U.S. DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U.K. POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3. GOLD PRICE IN LONDON U.S. DOLLAR PER FINE OUNCE CHART 4. CALL MONEY RATES U.S. FEDERAL FUNDS.28 OVERNIGHT EURO-DOLLAR DEPOSITS.3 U.K. 2-DAY LOCAL AUTHORITY DEPOSITS CANADA AUG GERMANY EURO-DM JAPAN FRANCE NETHERLANDS 1.13 EURO-SWISS FRANC >. 3-MONTH INTEREST RATES

14 SERIES NAME LAST V/LUE PLOTTED DATE VALUE CHART. EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT.3 7-DAY.49 1-MONTH.81 3-MONTH 7.44 fc-month YEAR SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS.3 U.S. FEDERAL FUNDS.28 DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS.3 3-MONTH EURO-DOLLAR DEPOSIT RATE 7.44 U.S. CD'S (-89 DAYS). DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT 7.44 INTERBANK STERLING (LONDON), COVERED 7,.2 DIFFERENTIAL C.23 U.S. COMMERCIAL PAPER.8 CANADIAN FINANCE CO. PAPER, COVERED 7,. DIFFERENTIAL -.7 EURO-DOLLAR DEPOSIT 7.44 INTERBANK DM (FRANKFURT), COVERED 7.78 DIFFERENTIAL -.34 EURO-DOLLAR DEPOSIT 7.44 SWISS DEPOSIT (SF), COVERED.2 DIFFERENTIAL -2.82

15 SERIES NAME LAST VALUE PLOTTED n DATE VALUE II CHART 9. LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY 8.3 JAPAN (MONTHLY) AUG SWITZERLAND CANADA AUG FRANCE 9.98 NETHERLANDS 7.7 UNITED KINGDOM 13.7 U.S. CORPORATE AAA BONDS AUG EURO-DM BONDS AUG EURO-DOLLAR BONDS AUG INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN AUG CANADA AUG FRANCE 4.74 UNITED KINGDOM SWITZERLAND GERMANY 8.18

16 AUSTRALIA DOLLAR O C AUSTRIA SCHILLING BELGIUM FRANC CANADA DOLLAR DENMARK KRONE FINLAND MARKKA FRANCE FRANC GERMANY 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 C H. SEPTEMBER 22, 197 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 19, 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 SEP. 1 SEP. 1 SEP. SEP. 18 SEP. 19