Selected Interest & Exchange Rates

Transcription

1 (51/517) Selected Interest & Exchange Rates Weekly Series of Charts February 22, 19 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEOER ALRESERVE SYSTEM Washington, D C

2 Table of Contents TABLES 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES H. RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3MONTH FORWARD EXCHANGE RATES 3. GOLD PRICELONDON. 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 $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, $20.00 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 CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973= FOREIGN CURRENCY PRICE OF U.S. DOLLAR RATIO SCALE MARCH 1973=0 50 ITALIAN LIRA ^ f*a/ i m i 7 7 > I I I I I I I I I I I I I I I I I ill 11 h ill i GERMAN MARK 220 ~ JAPANESE YEN/~_. / ^ r ^ J 200 J^ j 0 r ZV CANADIAN DOLLAR 0 I I I V x DUTCH GUILDER ^ 0 U.K. POUND 0 yy I I I 0 90 FRENCH FRANC X AfJ 50 I I I 111IIIIIIII BELGIAN FRANC vv 0 50 I I I I I I I I I! I I I I / \ 20 SWISS FRANC 200 rv y ^. Ssf 0 I I I I I I

4 I CHART 2 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM CANADIAN DOLLAR JAPANESE YEN r AV I I I II II F *.POUND X SWISS FRANC ~ Ur" r I I I II II 1 III III nil 1 GERMAN MARK DUTCH GUILDER \ FRENCH FRANC ITALIAN LIRA Digitized for FRASER

5 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. c 520.LARS PER FINE OUNCE U.S. DOLLARS PER FINE ' Kg BARS AFTERNOON FIXING PRICE

6 CHART CALL MONEY RATES WEEKLY SERIES 1 r PER ANNUM PERCENT PER Ah 1 U. S. FEDERAL FUNDS FRANCE JAPAN CANADA GERMANY UNITED KINGDOM SWITZERLAND 1 NETHERLANDS

7 CHART 5 3MONTH INTEREST RATES WEEKLY SERIES NT PER ANNUM PERCENT PER AN 1 U. S. CD' S CANADIAN FINANCE CO. PAPER 1 WEIGHTED AVERAGE FOREIGN RATE 2 l u l I I I! I I U.K. INTERBANK STERLING FRENCH INTERBANK RATE I I I GERMAN INTERBANK RATE NETHERLANDS INTERBANK RATE 2 I I I I I I I I I I I I I I I I I 2 JAPANESE GENSAKIRATE SWISS INTERBANK RATE \ 2 2 I i I

8 CHART EURODOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 1!NT PER ANNUM PERCENT PER At 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 PERI.. PER ANNUM PERCENT PER ANNUM FEDERAL FUNDS DASHED LINE 3MONTH EURODOLLAR DEPOSITS OVERNIGHT EURODOLLAR DEPOSITS 90DAY CD* S DASHED LINE DIFFERENTIAL DIFFERENTIAL PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

10 CHART INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM 1 PERCENT PER ANNUM 1 INTERBANK STERLING COVERED LONDON CANADIAN FINANCE CO. PAPER, COVERED EURODOLLAR DEPOSITS DASHED LINE U. S. COMMERCIAL PAPER DASHED LINE Mill 11 DIFFERENTIAL DIFFERENTIAL 2 1 I I I Hill 2 1 INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE I I I I I i I DIFFERENTIAL DIFFERENTIAL I I PERCENT ON DIFFERENTIAL SCALE = 2 PERCENT ON RATE SCALE

11 CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES ENT PER ANNUM PERCENT PER M UNITED STATES CANADA 1 1 UNITED KINGDOM JAPAN I I I I I I I I I I I I i I II 2 SWITZERLAND GERMANY U. S. CORPORATE MONTHLY FRANCE Aaa BONDS NETHERLANDS MONTHLY

12 CHART INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 199=0 RATIO SCALE 199=0 500 UNITED STATES UNITED KINGDOM /vvym JAPAN / M FRANCE A / v / l J I I I I I I I I I I l 150 SWITZERLAND CANADA NETHERLANDS GERMANY

13 SERIES SAME LAST VALUE PLOTTED DATE VALUE CHART 1. SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK FEB JAPANESE YEN FEB DUTCH GUILDER FEB U.K. POUND FEB CANADIAN DOLLAR FEB FRENCH FRANC FEB SWISS FRANC FEB BELGIAN FBANC FEB ITALIAN LIRA FEB SWEDISH KBONA FEB INDICES, MABCH 1973 BASE BATES = 0 GERMAN MARK JAPANESE YEN FEB FEB DUTCH GUILDER FEB U.K. POUND FEB CANADIAN DOLLAR FEB FRENCH FRANC FEB SWISS FRANC FEB BELGIAN FRANC FEB ITALIAN LIRA FEB WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = 0 (G COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR FEB GERMAN HARK FEB JAPANESE YEN FEB DUTCH GUILDER FEB U.K. POUND FEB CANADIAN DOLLAR FEB FRENCH FBANC FEB SWISS FRANC FEB BELGIAN FRANC FEB ITALIAN LISA FEB SWEDISH KBONA FEB CHABT 2. 3MONTH FORWARD EXCHANGE BATES, PREMIUM OB DISCOUNT CANADIAN DOLLAR FEB OLK. POUND FEB GERMAN MARK FEB., FRENCH FRANC FEB )7 SWISS FRANC FEB DUTCH GUILDER FEB JAPANESE YEN FEB ITALIAN LIRA FEB. 17 0

14 SERIES NAME LAST 7ALUS PLOTTED DATE VALUE CHART J. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE FEB CALL MONEY RATES U.S. FEDERAL FUNDS FEB OVERNIGHT EURODOLLAR DEPOSITS FEB U.K. FEB CANADA FEB GERMANY FEB JAPAN FEB FRANCE FEB NETHERLANDS FEB SWITZERLAND FEB CHART 5. 3MONTH INTEREST RATES U.S. 90DAY CD'S, SECONDARY MARKET FEB GERMAN INTERBANK LOAN FEB JAPANESE GENSAKI RATE FEB CANADIAN FINANCE PAPER FEB INTERBANK STERLING FEB SWISS INTERBANK LOAM FEB FRENCH INTERBANK RATE FEB NETHERLANDS INTERBANK RATE FEB WEIGHTED AVERAGE FOREIGN INTEREST RATE FEB (G COUNTRIES PLUS SHIXZERLAND) CHART. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7DAY 1MONTH JMONTH MONTH 1YEAR FEB. I?.53 FEB FEB FEB FEB FEB CHART 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURODOLLAR DEPOSITS FEB U.S. FEDERAL FUNDS FEB DIFFERENTIAL FEB MONTH EURODOLLAR DEPOSIT RATE FEB U.S. 90DAY CD'S, SECONDARY MARKET FEB DIFFERENTIAL FEB

15 SERIES MASS LIST VALUE PLOTTED DATE VALUE CHAfiT. INTEREST ARBITRAGE, 3flONTH FUNDS EURODOLLAR DEPOSIT FEB INTERBANK STERLING (LONDON), COVERED FEB. 17. DIFFERENTIAL FEB. 17 Q.15 U.S. COMMERCIAL PAPER FEB CANADIAN FINANCE PAPER, COVERED FEB DIFFERENTIAL FEB EURODOLLAR DEPOSIT FEB INTERBANK DM (FRANKFURT), COVERED FEB DIFFERENTIAL FEB EURODOLLAR DEPOSIT FEB SWISS INTERBANK, COVERED FEB DIFFERENTIAL FEB CHART 9. LOB TERM GOVERMENT BOND YIELDS UNITED STATES FEB..1 GERMAN! FEB. 5.7 JAPAN JAN SWITZERLAND FEB. 5.0 CANADA FEB FRANCE JAN NETHERLANDS (MONTHLY) DEC..30 UNITED KINGDOM FEB. 9.2 U.S. CORPORATE AAA BONDS MAI 9.33 CHART. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN FEB FEB FEB FEB..7 FEB FEB FEB FEB. 5.79

16 FEDERAL RESERVE statistical release H.(5) FEBRUARY 19, 19 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 19, 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. 15 FEB. 1 FEB. 17 FEB. 1 FEB. 19 AUSTRALIA DOLLAR AUSTRIA SCHILLING BELGIUM FRANC CANADA DOLLAR CHINA,P.R. YUAN DENMARK KRONE FINLAND MARKKA H FRANCE FRANC GERMANY D. MARK GREECE DRACHMA , HONG KONG DOLLAR INDIA RUPEE IRELAND POUND L ITALY LIRA JAPAN YEN MALAYSIA RINGGIT I NETHERLANDS GUILDER *NEW ZEALAND DOLLAR NORWAY KRONE D PORTUGAL ESCUDO SINGAPORE DOLLAR *SOUTH AFRICA RAND A SOUTH KOREA WON SPAIN PESETA SRI LANKA RUPEE Y SWEDEN KRONA SWITZERLAND FRANC TAIWAN DOLLAR THAILAND BAHT NA NA UNITED KINGDOM POUND MEMO: SUNITED STATES DOLLAR SINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G COUNTRIES. MARCH 1973 = 0. WEIGHTS ARE GLOBAL TRADE OF EACH OF THE COUNTRIES. SERIES REVISED AS OF AUGUST 197. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTEDAVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST 197 FEDERAL RESERVE BULLETIN. *VALUE IS U.S. CENTS