St. Louis Fed - FEDERAL RESERVE BANK OF CHICAGO Interest & … · 2018-11-07 · chart 1 spot...

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VIS""" LIBRARY

AUG ? 1979 FEDERAL RESERVE BANK OF CHICAGO

Interest & Exchange Rates Weekly Series of Charts

#

July 23, 1979

Prepared by the FINANCIAL MARKETS SECTION

DIVISION OF INTERNATIONAL FINANCE

BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Table of Contents

TABLES

1. LATEST FIGURES PLOTTED

2. DAILY CERTIFIED SPOT EXCHANGE RATES--H.10 RELEASE

CHARTS

1. SPOT EXCHANGE RATE INDICES

2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE-LONDON

4. CALL MONEY RATES

5. 3-MONTH INTEREST RATES

6. 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 10. INDUSTRIAL STOCK INDICES

SUBSCRIPTION RATES:

Weekly $15.00 per year or $.40 each in the United States, its possessions, Canada, and Mexico; 10 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, Divi-sion 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.


RATIO MARCH

120

100

80

60

180

160

140

120

100

160

140

120

100

80

160

140

120

100

100

80

60

CHART 1

SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)

AVERAGES FOR WEEK ENDING WEDNESDAY

ICALE 1973=100

FOREIGN CURRENCY PRICE OF U.S. DOLLAR

RATIO MARCH 197

CANADIAN DOLLAR \

— GERMAN MARK .

-

- FRENCH FRANC -

— , - 1 i i I | |

JAPANESE YEN J r — \

— ~

\ V

V x . -

i i "

- -

SWISS FRANC / A / / / 1 v \ ~

a / y

- J -

11111111111 y

DUTCH GUILDER

BELGIAN FRANC

ITALIAN LIRA U.K. POUND

1977 1979 1977 1979 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHART 2

3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - )


PER CENT PER ANNUM

6

12

18

-CANADIAN DOLLAR

-

-

— U. K. POUND -

— YX -

- 1

—

PER CENT PER ANNUM

—

ITALIAN LIRA

- U m / L

-

DUTCH GUILDER

24

— 6

12

12 GERMAN MARK

-

—

SWISS FRANC M

-

18

12

FRENCH FRANC

1977 1979

—

JAPANESE YEN f \ ~

1 1 1 1 1 1 11111111111 11111111111

1977 1979

12


CHART 3

PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

U.S. DOLLARS PER FINE OUNCE

320

300

U.S. DOLLARS PER FINE

2 8 0 -

2 6 0 -

240 -

2 2 0 -

200

180

160

140

120 -

OUNCE

12.5 Kg BARS AFTERNOON FIXING PRICE

100 1976 1977 1978 1979


CHART 4

CALL MONEY RATES WEEKLY SERIES

PER CENT PER ANNUM

14

1 0 -

OVERNIGHT EURO-DOLLARS

U.S. FEDERAL FUNDS

PER CENT PER ANNUM

12 ~ «

16 — " —

12 — /

1 U.K. 2-DAY LOCAL | AUTHORITY

J vxJ ~~

8 - W -

4 — -

0 I I I I I I I I ,

12

CANADA «

8 y r f

4 I I I I I I 11111111111 I I I | | | | | | | |

JAPAN

NETHERLANDS

- i FRANCE -

I 1 1

/ -

-

I GERMANY

-

i f t |

EURO-DM

1 1 1 n l i i l . i l . . I . I . . I . . I . .

12

EURO-SWISS FRANC

1977 1979 1977 1979


CHART 5

3-MONTH INTEREST RATES WEEKLY SERIES

PER CENT PER ANNUM

16

12

U.S. CD S

10

I 2

WEIGHTED AVERAGE FOREIGN RATE

PER CENT PER ANNUM

16

U.K. INTERBANK STERLING v

JAPANESE BANK S LOANS AND DISCOUNTS

I I I I I I

•V ' " '

. CANADIAN FINANCE CO. PAPER X

I I I I I I

-

12

8

GERMAN INTERBANK RATE } —

\1 ~ 4

—

! , | i i 11 H i i l 11 I I I I I I I I I M ' 0

1977 1979

SWISS INTERBANK RATE

k f \ f l \ M J \ A -

: i i i 1 1 1 i , 111111 i j i „ l u l u I n

1977 1979

; 4


CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY

PER CENT PER ANNUM

OVERNIGHT

PER CENT PER ANNUM

12

— 3-MONTH / -

I I I I I I I

12

12

- 7-DAY

i i i 1 1 M

- 1-MONTH f

-

i i i i i 1 1

-

6-MONTH

1-YEAR

1977 1979 1977 1979


CHART 7

SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY

PER CENT PER ANNUM PER CENT PER ANNUM

OVERNIGHT E U R O - D O L L A R DEPOSITS

3-MONTH E U R O - D O L L A R DEPOSITS

FEDERAL FUNDS DASHED LINE 90-DAY CD S

-J DASHED LINE

1 I 1 1 I 1 I 1 1 I I 11 1 I I 1 I I 1 11 I I I I I I I I I I I

DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS

I I I I I I I I

A V ^ V A / V V

DIFFERENTIAL

r

I

w

! I I ! I I i i I i i I i i I i i I I I I I I I I I I I

+ 0

1977

FAVORS BORROWING IN U. S. IF POSITIVE

1979 1977 1979

i A


PER (

16

12

8

4

+ 0

4

4

+ 0

16

14

12

10

8

6

4 2

+ 0

2

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS


NT PER ANNUM PER CENT PER ANNUM

14

EURO-DOLLAR DEPOSITS i M V CANADIAN FINANCE CO. PAPER, COVERED

INTERBANK STERLING COVERED LONDON U.S. COMMERCIAL PAPER

I l l l l l l l

DIFFERENTIAL

DIFFERENTIAL

SWISS INTERBANK (SF) COVERED

INTERBANK DM COVERED FRANKFURT

EURO-DOLLAR DEPOSITS DASHED LINE

EURO-DOLLAR DEPOSITS

DIFFERENTIAL

DIFFERENTIAL

1977 1979 1977 1979


CHART 9

LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES

PER CENT PER ANNUM PER CENT PER ANNUM

10 11 UNITED STATES

CANADA

8 — — - 9

6 I I I I I I I , , ~ 1111,1 < 111, i , 1111111 ~ 7

SWITZERLAND

GERMANY

UNITED KINGDOM

FRANCE

NETHERLANDS

U. S . CORPORATE MONTHLY MONTHLY

Aaa BONDS

JAPAN

EURO-DOLLAR BONDS

1977 1979 1977 1979


RATIO SCALE 1969=100

140

120

100

80

CHART 10

INDUSTRIAL STOCK INDICES WEEKLY SERIES

CANADA / / I /

-

I I I

-

SWITZERLAND

150

130 FRANCE / V y

GENERAL INDEX r J

110 -

90 - -

70 I I I I I I

RATIO SCALE I 1969=100

140 200

120 — UNITED STATES —

/VVA -- 160

100 / W " -*/ j

-

UNITED KINGDOM —

A T I

I 120 80

" i l l I I I

360 — j r k j J — 100

320 - -

JAPAN \ i 80 280 — „

- y 80

240 z - V

A V V — — 60

200

I I I i i i 1 1 1 •

100

80

-GERMANY

-

I I I I I I

60

50

150

130

110

90

A 1977 1979 1977 1979


CHART 1 . SPOT

SERIES NAME

EXCHANGE RA^ES ANO INDICES

LAST VALUE PLOTTED DATE VALUE

WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS)

GERMAN MARK JULY 18 5 4 . 9 9 JAPANESE YEN JULY 19 3 . 4 6 2 3 6 DUTCH GUILDER JULY 18 4 9 . 9 9 ^ U . K . POUND JULY 18 2 2 4 . 9 2 CANADIAN DOLLAR JULY 18 8 6 . 1 1 FRENCH FRANC JULY 18 2 3 . 5 9 SWISS FRANC JULY 18 6 0 . 8 0 BELGIAN FRANC JULY 18 3 . 4 3 4 4 6 I T A L I A N LIRA JULY 18 0 . 1 2 2 0 9

INDICES, MARCH 1973 BASE RATES = 100

GERMAN MARK JULY 18 1 5 4 . 6 9 JAPANESE YEN JULY 18 1 2 1 . 0 6 DUTCH GUILDER JULY 18 1 4 3 . 5 2 U . K . POUND JULY 18 9 0 . 9 7 CANADIAN DOLLAR JULY 18 8 5 . 83 FRENCH FRANC JULY 18 1 0 6 . 3 1 SWISS FRANC JULY 18 1 9 5 . 6 1 BELGIAN FPANC JULY 18 1 3 5 . 3 3 I T A L I A N L IRA JULY 18 6 9 . 3 5

WEIGHTED AVERAGE EXCHANGE VALUE INDICES, MAR 1973 = = 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND)

U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA

JULY 18 8 6 . 80 JULY 18 1 4 7 . 49 JULY 18 1 0 9 . 34 JULY 18 1 3 0 . 64 JULY 18 7 9 . 66 JULY 18 7 5 . 22 JULY 18 9 4 . 56 JULY 18 1 7 7 . 83 JULY 18 1 2 2 . ?9 JULY 18 5 9 . 82 JULY 18 9 3 . 63

CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT

CANADIAN DOLLAR JULY 18 - 0 . 3 1 U . K . POUND JULY 18 - 3 . 1 4 GERMAN MARK JULY 18 4 . 5 1 FRENCH FRANC JULY 18 - 1 . 2 7 SWISS FRANC JULY 18 9 . 8 5 DUTCH GUILDER JULY 18 1 . 1 5 JAPANESE YEN JULY 18 5 . 1 9 I T A L I A N LIRA JULY 18 - 4 . 9 3


1

SEP IES NAME LAST VALUE PLOTTED

DATE VALUE

CHART 3 . GOLD PRICE I N LONDON, AFTERMOON F I X I N G

CHART <5

U . S . DOLLARS °ER FINE OUNCE JULY 18 2 0 3 . 8 9

. CALL MONEY RATES

U . S . FEDERAL FUNDS JULY 18 1 0 . 3 5 OVERNIGHT EUP0-DOLLAR DEPOSITS JULY 18 1 0 . 5 4 U . K . 2-DAY LOCAL AUTHORITY DEPOSITS JULY 13 1 4 . 0 0 CANADA JULY 13 1 3 . 6 0 GERMANY JULY 13 5 . 8 0 EURO-DM JULY 6 5 . 6 5 JAPAN JULY 13 5 . 5 6 FRANCE JULY 13 9 . 3 8 NETHERLANDS JUNE 15 7 . 1 0 EURO-SWISS FRANC JULY 6 0 . 4 1

. 3-MONTH INTEREST R A T E ^

U . S . 90-DAY C D ' S , SECONDARY MARKET JULY 18 1 0 . 1 0 GERMAN INTERBANK LOAN JULY 18 6 . 7 5 JAPANESE BANK LOANS & DISCOUNTS JULY 18 6 . 00 CANADIAN FINANCE PAPER JULY 18 11 . 15 INTERBANK STERLING JULY 18 1 3 . 9 1 SWISS INTERBANK LOAN JULY 18 1 . 2 5 WEIGHTED AVERAGE FOREIGN INTEREST RATE JULY 18 9 . 3 4

(G-1C COUNTRIES &LUS SWITZERLAND)

CHA3T 6 . EURO-DOLLAR DEPOSIT RATES: LONDON

OVERNIGHT 7 -DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR

JULY 18 J'JLY 18 JULY 18 JULY 18 JULY 18 JULY 18

1 0 . 5 4 1 0 , 4 6 10.61 1 0 . 7 3 10 . 71 1 0 . 4 5

C H A R T 7 . SELECTED CUR0-30LL.AR AMD U . S . MONEY MARKET RATES

OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. c r i o RESERVE REQUIREMENTS

JULY 18 JULY 18 JULY 18

10 . 54 1 0 . 3 5

0 . 1 9

3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL


1 0 . 7 3 10.10

0 . 6 3

4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SERIFS NAME LAST VALUE PLOTTED

DATE VALUE

CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS

EURO-DOLLAR DEPOSIT JULY 18 1 0 . 7 3 INTERBANK STERLING (LONDON), COVERED JULY 18 10 . 6 6 DIFFERENTIAL JULY 18 0 . 0 6

U . S . COMMERCIAL PAPER JULY 18 9 . 8 7 CANADIAN FINANCE PAPER, COVERED JULY 18 1 0 . 84 DIFFERENTIAL JULY 18 - 0 . 9 7

EURO-DOLLAR DEPOSIT JULY 18 1 0 . 7 3 INTERBANK DM (FRANKFURT), COVERED JULY 18 1 1 . 3 3 DIFFERENTIAL JULY 18 - 0 . 6 1

EURO-DOLLAR DEPOSIT JULY 18 1 0 . 7 3 SWISS INTERBANK, COVERED JULY 18 1 1 . 1 3 DIFFERENTIAL JULY 18 - 0 . 4 1

CHART 9 . LONG TERM GOVFRMENT BOND YIELDS

UNITED STATES JULY 13 8 . 9 3 GERMANY JUNE 29 7 . 8 5 JAPAN (MONTHLY) JUNE 8 . 0 7 SWITZERLAND JULY 6 3 . 4 5 CANADA JULY 13 9 . 7 3 FRANCE JUNE 29 1 0 . 71 NETHERLANDS J'JNE 15 8 . 8 1 UNITED KINGDOM JULY 13 1 0 . 4 3

. CORPORATE

AAA BONDS JUNE 9 . 2 9 EURO-DM BONDS DEC. 6 . 6 3 EURO-DOLLAR BONDS MAY 8 . 7 2

CHART 1 0 . INDUSTRIAL STOCK INDICES

UNITED STATES JULY 13 1 0 5 . 6 0 JAPAN JUNE 22 2 9 5 . 8 0 CANADA DEC. 29 1 1 3 . 8 1 FRANCE JUNE 29 1 3 4 . 6 0 UNITED KINGDOM JULY 6 1 1 2 . 2 0 SWITZERLAND JULY 13 7 7 . 2 2 GERMANY JUNE 29 9 6 . 4 5


• Of_uOW • ..

••WW?--' H . 1 0 ( 5 1 2 )

FEDERAL RESERVE statistical release

FOREIGN EXCHANGE RATES JULY 2 4 , 1979

FOR THE WEEK ENDING JULY 2 0 , 1979

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:

COUNTRY, MONETARY

UNIT JULY 16 ( R A T E U . S . CENTS

JULY 17 L


AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM

DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND

1 1 2 . 7 0 0 0 7 . 4 7 3 84 3 . 4 2 7 0 0

8 6 . 1 5 4 9 1 9 . 0 7 1 2 2 5 . 9 6 7 3 2 3 . 5 3 4 9 5 4 . 9 3 0 0 1 2 . 5 0 0 0

2 0 8 . 0 5 0 0 0.12188 0 . 4 6 1 2 5

4 6 . 3 7 1 4 4 . 3 7 6 4

4 9 . 9 1 2 6 101.8800

1 9 . 8 2 1 6 2 . 0 5 4 7

118.2000 1 . 5 1 3 3 6 . 4 1 0 0

2 3 . 6 4 0 7 6 0 . 7 1 6 5

2 2 4 . 2 0 0 0

1 1 2 . 8 4 0 0 7 . 5 1 5 9 7 3 . 45304

8 6 . 2 0 6 9 1 9 . 1 8 6 5 2 6 . 1 1 6 5 2 3 . 6 7 4 2 5 5 . 1 5 7 2 1 2 . 6 5 0 0

208.6000 0 . 1 2 2 4 7 0 . 4 6 2 0 0

4 6 . 5 1 1 6 4 . 3 7 8 3

5 0 . 1 8 8 2 1 0 2 . 2 5 0 0

1 9 . 8 6 4 9 2 . 0 6 1 9

1 1 8 . 3 5 0 0 1 . 5 1 3 3 6 . 4 1 0 0

2 3 . 7 4 1 7 6 1 . 1 6 2 1

2 2 6 . 9 5 0 0

1 1 3 . 7 . 3 .

8 5 . 1 9 . 26. 2 3 . 5 5 . 12.

2 08. 0 . 0 .

4 6 . 4 .

5 0 . 102.

1 9 . 2. 118.

1 . 6.

23 . 61.

227

1700 53580 4 6 9 8 1 8959 2901 2089 7784 3281 6500 5000 12314

. 4 6 8 1 6

. 9 4 84

. 3 7 8 3

. 4 5 4 1

. 6200

. 9 0 4 4

. 0661

. 3 5 0 0 . 5147 . 4 1 0 0 . 8 3 2 2 . 3 3 0 9 . 8000

1 1 3 . 7 . 3 .

3 5 . 1 9 . 26. 2 3 . 5 5 . 12.

2 0 9 . 0 . 0 .

46 . 4 .

5 0 . 102.

19. 2.

118. 1 6

23 61

229

2800 54148 4 6 2 6 0 8222 2938 1917 7304 2334

. 7 5 0 0

. 7 0 0 0

. 1 2 2 7 7

. 4 6 2 9 6

. 7 9 4 6

. 3 7 8 3

. 2 8 9 2

. 5 2 0 0

. 9 1 6 4

. 0695

. 5500

. 5 1 3 5

. 4 1 0 0

. 8 5 4 9 . 1 0 6 0 . 2 500

1 1 2 . 9 7 0 0 7 . 4 8 5 0 3 3 . 4 3 6 4 3

8 5 . 8 6 6 4 1 9 . 2 0 1 2 2 6 . 1 0 9 6 2 3 . 5 5 7 1 5 5 . 0 0 5 5 1 2 . 7 5 0 0

208.0000 0.12210 0 . 4 6 0 6 2

4 6 . 5 1 1 6 4 . 3 7 8 3

5 0 . 1 0 0 2 102.2000

1 9 . 8 6 2 9 2 . 0 5 6 3

1 1 8 . 5 5 0 0 1 . 5 1 3 3 6 . 4 1 0 0

2 3 . 7 7 5 6 6 0 . 9 0 1 4

2 2 7 . 4 0 0 0

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