EXCHANGE RATES.

Auckland Star, Volume LXV, Issue 277, 22 November 1934, Page 4

EXCHANGE RATES.

NEW ZEALAND CURRENCY BASIS. The Bank of Nexv South Wales lias arranged to supply daily quotations of the basis upon which it is prepared to do , business in the purchase and sale of the foreign exchanges shown below. The foreign currency is expressed in terms of New Zealand funds, and two rate, arc quoted generally, one for transactions 011 a telegraphic basis, and the other for 011 demand or mail settlement. These rates are subject to alteration without notice. To-day's Rates. The abbreviations T.T. indicate graphic transfers," and O.D. "011 demand. France — B"y L" ( S " S^!!f Francs' to £1 N.JS. . T.T. <11..,-t .0->4 O.l). CI.SI U0.20 Noumea — ... Francs to £1 N.Z. . T.T. 02.-19 o 0.4!) O.L). 1)2.89 .>!)■•> t Papeete— ~ Francs to £1 N.Z. . T.T. 02.-19 .>9.19 O.D. 02.811 50...4 Belgium— Belgas to £1 N.Z. . T.T. 17.585 3«.58.», O.D. 17.CSS 10.900 Germany—• Keiclimarks to £1 S.Z T.T. »— 9.704 O.D. — 9.709 ItalyLire to £1 N.Z. .. T.T. — 11i..50 O.D. — 10.31 Switzerland— Francs to £IN.Z. . T.T. 12.!»8« 12.180 O.D. 112.001 12.190 Holland— Florins to £1 X./'. . T.T. (i.OCC 5.81 (i O.D. 0.110 S.S2O Java—• Florins to £1 N. 55. . T.T. 0.012.'! 5.79S O.D. 0.073 5.801! .Tapa n— N. 55. pence to 1 yen T.T. — 17 11-10 O.D. — — Shanghai— N./.. pence to 1 dollar T.T. 10 11 20 11-10 O.D. 19 7-32 20 5-S India and Ceylon— N.Z. pence to 1 rupee T.T. 22 !)-.'52 22 5-8 O.D. 22 5-32 22 0-10 Hongkong— H.Z. pence to 1 dollar T.T. 24J 25 0-10 O.D. 21 ;.J-S 251 Singapore—N.Z. pence to 1 dollar T.T. 34 7-10 35 3-8 O.D. 34 5-10 35 5-10 DOLLAR AND FRANC. (Received 10 a.m.) LONDON, November 21. The American dollar is quoted at -1.09 •to the pound sterling, and the franc at 75 11-10. CUSTOMS ASSESSMENTS. Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following cable. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Port Campbell. America, dollars ... 4.95J Golden Coast. All .erica, dollars .... 4.08 Melbourne Maru. Japan. ,yen 14d Aorangi, Canada, dollars 4.87J Haurakl. America, dollars 4.95J Canadian Highlander, Car.ada, dols. 4.87 Monterey, America, dollars 4.993 The exchange rates for Continental shipments per the Rangitanc have been lixed as at October 8. JAVA RATE. (Received 10 a.m.) LONDON, November 21. Batavia, 7.37 florins.