EXCHANGE RATES.

Auckland Star, Volume LXVI, Issue 29, 4 February 1935, Page 4

EXCHANGE RATES.

N.Z. CURRENCY BASIS. DOLLAR RATES INCLUDED. The rates given below arc the basis'on which the Bank of New South Wales is prepared io do business in the buying > and selling of foreign exchanges. J I The foreign currency is expressed in ) I forms of Mew 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. Jt will bo noted that the list of L quotations now include the dollar rales , on Canada and U.S.A. i To-day's Rates. [ The abbreviations T.T. indicate j "telegraphic transfers," and O.D. "on demand." ) New York —■ Buying. Selling. ) Dollars to £1 N.Z. . T.T. 3.04 7-8 ii.sn ) O.I). 0.'.t0 1-8 o.SUi ) Montreal— Dollars to £1 N. Z. . T.T. 3.041 3.00J (i.li. o.Doi 3.003 ) Francs to £1 N.Z. . T.T. 00.38 r.0.08 O.D. IiO.OS 00.13 > i Noumea — i Fruncs to £1 N.Z. . T.T. 01.83 58.33 i O.D. 01.73 58.3S I'apoele— Francs to £1 N.Z. . T.T. 61.33 58.33 O.D. 01.73 58.38 Bolfriiim— Belgas to £1 N.Z. . T.T. 37.2U5 10.505 O.D. 10.080 Germany— Kplcli marks to CI K.SS T.T. — 9.002 O.D. — 0.007 Ilal.v — Lire to £1 N.Z. .. T.T. — 45.52 O.D. — 40.00 Switzerland—■ Francs lo £1 N.Z. . T.T. 12.300 ll.OflO O.U. 12.-100 12.000 Holland— Florins to £1 N.Z. . T.T. 5.0.10 5.701! O.D. 0.000 0.710 Java— Florins to £1 N.Z. . T.T. f>.015 fi.tiilO O.D. D.OU3 5.00-1 Japan—■ N.Z. pence to 1 yen T.T. — 17 21-32 O.U. — — Shanghai — X.Z. pence lo "1 dollar T.T. 21 5-10 O.U. 20 7-S 221 India unci Coylon— X.%. pence to 1 rupee; T.T. 22 1.1-12 "'2 25-D2 O.D. 22 0-32 22 23-32 Hongkong , — X.z. pence to 1 dollar .., T.T. 25 31-32 L'T 1-lli O.D. 20 J7-3-. , -J.l Slnsaporc—■ X.Y.. pence to 1 dollar T.T. .'! 7-1 (1 3." H-S O.I). ,-Jl Ollj 30 0-10 CUSTOMS ASSESSMENTS. Kates of exchange ruling at the announced dates of departure of the vessels named are. shown in the following table. They are subject to confirmation bv the Customs Department when the exact time of departure is learned on arn-.vil of the vessels in New Zealand, finally declared rates being marked*: — Querlnda, Calcutta, rupee *1/C llrishanc Main. Japan, yen I4<j Ardenvohr, U.S.A., dollars 4.01 7-1H Canadian Scottish, Canada, dollars 4.00 5-S LOCAL DOLLAR QUOTE. Current dollar exchanges, as quoted by New Zealand banks, are as under, compared with previous rates:— U.S. DOLLARS TO £1. Jan. 7. Jan. 14. Jan. 21. Jan. 2S. Buying .. 4.07 4.05 4.IKJ 4.02 Selling .. 4.57 4.85 4.83 4.82 CANADIAN DOLLARS TO £1. Jan. 7. Jan. 14. Jan. 21. Jan. 2S. Buying .. 4.04 4.01 4.02 4.02 SeHiiis . . 4.81 4.51 4.52 4.82 DOLLAR AND FRANC. (Received 10 a.m.) LONDON, February 1. The American dollar is quoted at 4.87 1-.IQ to the pound sterling, and the franc at 74 3-\ii.