EXCHANGE RATES
Sharp fall in sterling
The New Zealand dollar last week finned against the curriences of all countries outside Europe, with the exception of Pakistan rupees. However, rhost European countries gained on the dollar; the exceptions were Deutsche marks, Swedish kroner, and Austrian schillings.
Demand selling rates of exchange on Friday — on the basis to SNZI.OO — as advised by the National Bank of New Zealand were:—
Austria (schilling) 27.3590 Belgium (franc) 52.0300 Canada (dollar) 1.1888 Denmark (kroner) 8.0980 France (franc-financial) 5.9630 (franc commer cial) 5.9640 C.F.P. (franc-financial) . 109.0480 Fiji (dollar) 1.0028 Hong Kong (dollar) 6.7240 India (rupee) 9.4850 Italy (lira) 690.2100 Japan (yen) 355.4500 Netherlands (guilder) . 3.8100 Norway (kroner) 7.7510 Pakistan (rupee) 12.7650 Portugal (escudo) 31.6350 Singapore/Malaysia (dol lar) 3.3080 South Africa (rand) .9253 Sri Lanka (rupee) 7.8700 Sweden (krona) 5.6040 Switzerland (franc) 4.4580 West Germany (mark) . 3.7750 Discount rates on London, on the basis to £1.00, were: selling $1.9685; T.T. buying, $1.9560; O.D. air buying, $1.9407; O.D. sea buying, $1.9128; notes, $1.8793.
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Bibliographic details
Press, Volume CXII, Issue 33096, 11 December 1972, Page 22
Word Count
164EXCHANGE RATES Press, Volume CXII, Issue 33096, 11 December 1972, Page 22
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