EXCHANGE RATES
Dollar still firming Sterling lost ground against the New Zealand dollar since Thursday, ali though the quotation band lis narrowing.
The Japanese yen strengthened considerably, and is now selling at an effective revaluation in terms of the New Zealand dollar of 3.1 per cent.
With the exception of Swiss francs the New Zealand dollar continued to gain slightly against all currencies.
Quotations for a number of currencies are not yet available.
Demand selling rates of exchange on Friday, as advised by the National Bank on the basis to SNZI.OO were:
Australia (dollar) .. .9355 Austria (schilling) .. 28.1220 Belgium (francs ) .. 53.6800 Canada (dollar) .. 1.3075 France (fin. francs) .. 6.1560 (comm, francs) .. 6.1070 C.F.P (fin francs) .. 112.8950 Hong Kong (dollar) .. 6.7220 Italy (comm, lira) .. 747.7800 (fin. lira) .. 769.6800 Japan (yen) .. 342.1000 Netherlands (guilder) 3.8940' Portugal (escudo) South Africa (rand) .. .9257 ! Switzerland (francs) 4.4040 i i U.S.A, (dollar* 1.3207 West Germany (mark) .. 3.8730 ;
Discount rates on London on the basis to £l.OO were: selling $1.8598, T.T. buying $1.8473; O.D. air buying to $1.8311; O.D. sea buying $1.7999; notes $1.7684.
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Bibliographic details
Press, Volume CXIII, Issue 33154, 19 February 1973, Page 16
Word Count
176EXCHANGE RATES Press, Volume CXIII, Issue 33154, 19 February 1973, Page 16
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