EXCHANGE RATES
Sharp falls by dollar
The New Zealand dollar weakened sharply last week as the U.S. dollar — to which it is pegged — came under severe pressure.
Only two currencies were slightly easier against the dollar: Italian financial lire, and South African rand. Sterling especially continued to make strong gains. Demand selling rates of exchange on Friday on the basis to SNZI.OO as advised by the National Bank were:— Australia (dollar) .. .9355 Austria (schilling) .. 26.5960 Belgium (franc) .. .. 51.4930 Canada (dollar) .. 1.3203 Denmark (krone) .. 8.0870 Fiji (dollar) .. .. 1.0235 France (frs-fln.) .. .. 5.8180 France (frs-comm.) .. 5.844 C.F.P. (frs-fin.) .. 106.1690 Hong Kong (dollar) .. 6.7130 India (rupee) .. .. 9.680 Italy (lire-comm.) .. 773.6800 Italy (lire-fin.) .. .. 786.5500 Japan (yen) .. 346.2900 Netherlands (guilder) .. 3.7810 Norway (krone) .. .. 7.5820 Pakistan (rupee) .. 12.6160 Portugal (escudo) .. 32.3899 Singapore/Mal. (dollar) 3.2310 South Africa (rand) .. .9252 Sri Lanka (rupee) .. 8.0010 Sweden (krona) 5.7900 Switzerland (franc) .. 4.1460 U.S.A. (doUar) 1.3207 West Germany (mark) .. 3.6600
Discount rates on London, on the basis to £l.OO were: selling $1.9289; T.T. buying $1.9164; O.D. air buying $1.9013; O.D. sea buying $1.8749; notes $1.8421.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19730521.2.176
Bibliographic details
Press, Volume CXIII, Issue 33230, 21 May 1973, Page 19
Word Count
173
EXCHANGE RATES
Press, Volume CXIII, Issue 33230, 21 May 1973, Page 19
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