EXCHANGE RATES

Auckland Star, Volume LXV, Issue 224, 21 September 1934, Page 4

EXCHANGE RATES

NEW ZEALAND CURRENCY BASIS. EFFECTIVE TO-DAY. The Bank of 'New South Wales has arranged to supply daily quotations of the basis upon which they are prepared to do business in the purchase and sale or the foreign exchangee-shown below. The foreign currency is expressed in terms of. New Zealand funds, and two 'rates are quoted generally, one for transactions on a telegraphic basis, and the other for on demand or mail settlement. These- rates are subject to alteration without notice. To-day's Rates. Thes abbreviations T.T indicate "telej graphic transfer," and O.D "on demand. Buying. Selling. as P Trau C cs to £1 N.Z. T.T. 01.73 08.73 O.D. 02.13 58.78 Be Bel l gas~to £1 N.Z. T.T. 17.243 30.543 O.D. 17.343 10.00S Germany— Keichmarks to £1 Uil T.T. — 0.710 O.D. — 0.715 Italy— ,--- ■ Lire to £1 N.Z. . T.T. — 4;>.. r n> O.D. — 45.50 Switzerland — Francs to £1 N.Z. T.T. 12.357 11.057 O.D. 12.432 11.007 Holland — Florins to £1 N.Z. T.T. 5.072 5.722 O.D. 6.022 5.720 Java — Florins to £1 N.Z. T.T. 5.085 5.710 .- O.D. 5.085 , 5.714 Japan— N.Z. pence to 1 yen T.T. — 18 3-32 O.D. — — Shanghai— N.Z. pence to 1 dollar T.T. 2011-16 22 O.D. 20 0-16 21 15-16 India and Ceylon—■ N.Z. pence to 1 rupee T.T. 22 5-16 22 21-32 O.D. 22 3-16 22 10-32 Hongkong—■ N.Z. pence to 1 dollar T.T. 23 3-32 84 3-16 O.D. 22 31-32 24 1-8 : Singapore^— N.Z. pence to 1 dollar 'F.'P. 34 13-32 35 3-8 O.D. 34 9-iiZ 30 0-16