EXCHANGE RATES.

Auckland Star, Volume LXVI, Issue 50, 28 February 1935, Page 4

EXCHANGE RATES.

NEW ZEALAND QUOTATIONS. Following nro the Intent rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They arc subject to alteration without notice :— Currency. T.T. On Demand. To £1 N.Z. Selling. Buying. Selling. London, f 100 Btg. 124 10/ 123 10/ 124 7/0 Aus., £ to £100 100 10/ 101 100 10/ Fiji, £ to £100 89 00 7/0 80 U.S.A 3.SRj ' 3.0-11 3.895 Canada S.SOj 8.94$ 3.0 i»« France, fr 58.18 50.78 58.23 Noumea, fr 57. 04 (30.8:: 57.1S Papeete, fr. ..:.. 57.13 00.83 57.48 Belgium, belga . 10.277 17.077 10.202 Germany, r.m. .. 9.4'il — 9.160 Italy, lire 45.00 — 45.13 Switzerland, fr. 11.805 12.280 1.1.81-i Holland, U 5.625 5.925 5.02.1 Java, tl O.OUO 5.884 5.013 N.Z. d. to Jap. yen 17 11-16 — — Shanghai, dol. .24 7-10 23 24.375 India, rupee ... 22.75 22 9-32 22 11-10 Ceylon, rupee .. 22.75 '22 9-32 22 11-10 Hongkong, dol. .20 7-32 28 1-M2 20 5-32 Singapore, dol. . 35 11-32 34.25 35 9-32 FOREIGN QUOTATIONS. (British Official Wireless.) 11UGBY, February 20. Foreign exchanges on London to-day, compared with rates previously quoted : — Feb. 20. Feb. 25. Tar. Montreal, dol. . 4.801 . 4.86? 4.800 New l'ork, -dol. 4.80 510 4.864 4.500 Paris, franc .. 73 10-0-1 73.:i73 1" 1 .21 •Brussels, bclga 20.09 20.74 35 Geneva, franc . 3 4.93J 14.1i1-:j _,i.22 Amsterdam, 11. 7.1. j < 7.17 12.107 Milan, lire .... 57.125 57 3-16 92.40 Berlin, r.m. ... 12.00 12.0S 20.43 Stockholm, kr. 11J.39J IU.3UJ 18.109 Copenhagen, kr. 22.3iij Hi.-* is. i.i'J' Oslo, kr IO.OOi 19.00J 18.159 Vienna, sell. .. 26 20 34.-"^O Prague, kr 3 10 136 104.25 Mclsingfors, ml;. 220.50 220.50 Madrid, pes. .. 35.375 35 7-3 0 25.221 Lisbon, escu. .. 110.125 110.125 310 Athens, dr. ... 509f si2| 375 Bucharest, lei . 4SO 480 813.6 Kio. mil 4.25t i.25t .j.^d I?. Ayres, dol. . 35t 351 .17 02,1 M'video. dol. .. 40.375 f 40.375t Old Bombay, rupee 18 5-32 l • ->.>_ -u Shanghai, taels 19 18 • Hongkong, dol. 22 33-10 5-10 * Yokohama, yen 3-1 1-32 141-32 24.58 Batavia, (I. ... 7.Hi 7.143 32.i0 Belgrade, din. . 224 224 270.31 All quotations are for cable transfers. •Determined on the price of silver. tSellers. CUSTOMS ASSESSMENTS. Rates of exchange ruling at the announced dates of departure of the vessels named arc shown in the following table. 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 Auckland. America, dollars ... 4.87S Golden Bear. America, dollars .... 4.87 A Melbourne Maru. Japan, yen .... 14d Wairiina, America, dollars 4.87 1-10 Fisctis. Canada, dollars 4.878 Canadian Victor, Canada, dollars.. 4.85.J

£1 IS WORTH. Based on the rates quoted to-day by the Bank of New South Wales, £1 New Zealand is worth approximately:— £ s. d. In London 0 10 1 In Australia 1 0 1 In U.S.A 0 10 0 In Canada 0 10 03 In France 0 9 0 In Italy 0 9 9J In Germany 0 9 4J In Java 0 9 4JJ In Japan 1 7 9

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rates February 28, 1935, which are subject to alteration without notice: — U.S.A. Canada. Conversion of dollar bills received for collection and sale of dollar drafts and telegraphic transfers 4.84 4.84 Turcliase of dollar bills .. 4.8S 4.88 On a New Zealand currency basis these rates are equivalent to: — Selling— U.S.A. Canada. Telegraphic transfer .. 3.BSJ 3.882 On demand 3.89 i 3.894 Buying—• On demand 3.953 3.953

JAVA RATE. (Received 3 3 a.111.) LONDON, February 27. Batavia, 7.12% florins. „ WHEAT QUOTATIONS. (Received 11 a.m.) LONDON, February 27. Cargoes are firm, responding to good overnight trading and further business in Australians and Plates to the Far East. Sellers of Manitobas demand an advance and Plates occasionally are 3d dearer. Australians are fully steady. West Australian, ex Anglo Indian, 24/6: South Australian, ex Padua, 24/4%; ex Passat, 24/6. Parcels are well supported, Manitobas l%d to 3d dearer. have more attention at 3d up. Futures—London: February, 20/0% per quarter; April, 19/10%; June, 20/7%. Liverpool: March, 4/8 per cental; May, 4/11%; July, 5/1%.