EXCHANGE RATES
Dollar mixed but firm
The Ne-v Zealand dollar was firmer last week; the exchange rate strengthened against Japan, the Netherlands, Italy and Belgium, amongst others. It was unchanged on Swiss francs and Deutschmarks. However, it lost a little ground against the Canadian dollar, French currencies with the exception of commercial francs, sterling and some of the minor currencies aligned to sterling. The foreign exchange markets were more stable during the week; the only currency not quoted at present is the Indian rupee. Demand selling rates of exchange on Friday, on the basis to SNZI.OO, as advised by the National Bank of New Zealand, were:—
Austria (schillings) .. 26.9260 Belgium (francs) ~ 51.7120 Canada (dollars) .. 1.1659 Denmark (kroner) .. 8.1960 Fiji (doUars) .. .. 1.0094 France (francs — commercial) 5.9020 (francs—financial) 5.5620 C.F.P. (francs—financial) 101.5900 Hong Kong (dollars) .. 6.6630 India (rupees) .. .. n.a. Italy (lira) .. .. 685.6700 Japan (yen) .. 354.9200 Netherlands (guilders) 3.7440 Norway (kroner) .. 7.6670 Pakistan (rupees) .. 13.0540 Portugal (escudos) .. 31.7030 Singapore-Malayia (dollars) 3.2550 South Africa (rand) .. .9405 Sweden (kroner) .. 5.5840 Sri Lanka (rupees) .. 7.5070 Switzerland (francs) .. 4.4300 West Germany (marks) 3.7190 Discount rates on London, on the basis to £l.OO were: selling $2.0634; T. T. buying $2.0509; O.D. air buying $2.0347; O.D. sea buying $2.0074; notes $1.9723.
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https://paperspast.natlib.govt.nz/newspapers/CHP19720717.2.147.11
Bibliographic details
Press, Volume CXII, Issue 32970, 17 July 1972, Page 18
Word Count
202EXCHANGE RATES Press, Volume CXII, Issue 32970, 17 July 1972, Page 18
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