EXCHANGE RATES.

Auckland Star, Volume LXV, Issue 240, 10 October 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 it is prepared to do businesa in the purchase and sale of the foreign exchanges shown below. The foreign currency is expressed in terms of New Zealand funds, and two rates are quoted generally, one for transactions ou a telegraphic basis, and the other for on demand for mail settlement. These rates are subject to alteration without notice. To-day's Rates. The abbreviations T.T. indicate "telegraphic transfer," and O.D. "on demand.' Buying. Selling. F «».»; gg P KST.£IN. Z . ■ su; •S:S:SI SI Germany— Reichmarks to £1 _ KZ O.D! — 9083 'SSIo£.N. Z . ..T.T. - «.|7 ll.gM §;»« J«»| J pioc!na to £i N.Z. . T.T. § .86| 5.037 J N?Z. D pence to 1 yen T.T. — 17 23-32 O.D. — — Shanghai— N.Z. pence to 1 dollar T.T. 213 23 3-32 O.D. 21 5-S 23 1-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 9-32 22 5-8 O.D. 22 5-32 22 9-16 Hongkong— N.Z. pence to 1 dollar T.T. 24 3-16 251 O.D. 24 1-16 25 3-16 Singapore—• N.Z. pence to 1 dollar T.T. 34 13-32 35 3-8 ■ O.D. 34 9-32 35 5-16 DOLLAR AND FRANC. LONDON, October 9. On the foreign exchange market to-day the following quotations ruled: New York, 4.89% dollars* Paris* 7-3 15-18 franca,