EXCHANGE RATES.

Auckland Star, Volume LVIII, Issue 108, 10 May 1927, Page 4

EXCHANGE RATES.

Changes in the rates of transfer of j money to London operating from Monday are increased by 7/6 per cent with corresponding decreases in the bill buy- _* ing rates. The new rates will be as under:— / New Zealand on London. t . # Buying. Selling. Per cent. Per cent. Demand ... 12/6 discount 2/6 prem. 3 days 14/6 discount — 30 days .... 22/6 discount !»/- dis ' 60 days .... 32/6 discount 12/6 dis. B 90 days .... 42/6 discount 20/- dis. i 120 days ... 52/6 discount — , Telegraph Transfers — 12/6 prem. London on New Zealand. The following rates of exchange, London on New Zealand, also came into operation on Monday:— Negotiating bills on New Zealand:— Per cent. £ s d Demand 1 7 6 discount 30 days 1 IS 0 discount 3 60 days 2 10 O discount . 90 days 3 1 3 discount f Selling Drafts and Telegraphic Transfers r. on New Zealand. , Percent. i' s d 7 Demand 7 6 discount Telegraphic ;< .i........ § 6 discount