THE MONEY MARKET.

Auckland Star, Volume LVIII, Issue 89, 16 April 1927, Page 4

THE MONEY MARKET.

RATES OF EXCHANGE. . * AUSTRALIA AND LONDON. i SYDNEY, this day. Australian bank: have advised that the rate of exchanpe on London after the 10th wil be altered as follow: —• Buying—Telegraphic transfer 2'6 per cent premium, on demand 10/ per cent ' discount, thirty days 20/ per cent discount, sixty days 30/ per cent discount, ninety days 40/ per cent discount, 120 days iiO/ per cent discount. Selling—Telegraphic transfer 10/ per cent premium, on demand 26 per cent premium, thirty clays 5 J per cent discount, sixty days 12/6 per cent discount. FOREIGN EXCHANGES. LONDON. April 11. Foreign evrhanees on London to-rlav, compared with rates previously quoted:— Apr.ll Apr. 7. Far. Montreal (dol to £) 4.55J 4.537n 4.566 New York (dol. to i) 4.5.15 4R3'-' n 4.566 Brussels (belga to £) ! 34.08 34.03 35 Taris (fr. to f) l?! 02 121.00 25.22."> Stockholm (kr. to £) IS. 13 15.13 15.1.V.) Oslo (kr. to £) .. IS.SI IS.SO 18.1511 Copenhagen (kr. to O 1R.20 tS.2I IR.IM) Berlin (r.m. to £> 20.49 20.4 ft 20.43 Rome (lire to £) 100.95 10143 25.22." Amsterdam (11. to £1 12.14 12.135 12107 Batavla (ft*, to £) 12.13 12.107 Calcutta (pence to rupee) 175 17 IS /„ t24 Yokohama (pence to yen) 24 J /„ 24'/ 18 24.38 Hongkong (pence to dol.) 248 24J All quotations are Tor cable transfers. •Determined on the price of silver. ton the basis or 10 rupees io one sovereign (gold).