EXCHANGE RATES
The New Zealand dollar lost ground to sterling and currencies aligned to sterling last week, but was stronger against most other currencies.
Only Canadian dollars, Swiss francs and French Colonial francs gained a little at the expense of our money. 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) .. 27.0960 Belgium (francs) .. 51 7140 Canada (dollars) .. 1.1630 Denmark (kroner) .. 8.2080 Fiji (dollars) .. 1.0095 France (francs—commerxnercial) .. 5.9040 France (francs—financial) 5.5930 C.F.P. (francs—financial) 101.4850 Hong Kong (dollars) .. 6.7730 India (rupees) n.a. Italy (lira) .. 686.0700 Japan (yen) .. 354.9400 Netherlands (guilders) .. 3.7810 Norway (kroner) .. .. 7.6930 Pakistan (rupees) .. 13.1150 Portugal (escudos) .. 31.6210 Singapore-Malaysia (dollars) 3.2730 South Africa (rand) .. .9406 Sweden (kroner) .. .. 5.5780 Sri Lanka (rupees) .. 7.5070 Switzerland (francs) .. 4.460 West Germany (marks) 3.7580 Discount rates on London, on the basis to £l.OO were: selling $2.0633; T.T. buying $2.0508; O.D. air buying $2.0363; O.D. sea buying $2.0105; notes $1.9753.
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Bibliographic details
Press, Volume CXII, Issue 32994, 14 August 1972, Page 18
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158EXCHANGE RATES Press, Volume CXII, Issue 32994, 14 August 1972, Page 18
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