EXCHANGE RATES
Dollar again easier
The New Zealand dollar was again sharply weaker in the foreign exchange markets last week, in line with the weakness of the U.S. dollar, to which our currency is pegged. Sterling continued its recent firming trend. Only Canadian and Hong Kong dollars, and Italian lire eased against the dollar.
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) .. 25.1510 Belgium (franc) .. 49.7290 Canada (dollar) .. 1.3168 Denmark (krone) .. 7.7180 Fiji (dollar) .. .. 1.0109 France (fr-fin.) .. 5.6020 France (fr-comm.) .. 5.6150 C.F.P. (fr-fin.) .. 102.0910 Hong Kong (dollar) .. 6.6710 India, (rupee) 9.2950 Italy (lire-comm.) .. 810.9700 Japan (yen) .. 346.1000 Netherlands (guilder) .. 3.6260 Norway (krone) .. 7.2780 Pakistan (rupee) .. 12.5370 Portugal (escudo) . 31.0250 Singapore/Malaysia (dol-
lar) .. 3.2540 South Africa (rand) .. .8773 Sri Lanka (rupee) .. 7.9030 Sweden (krona) .. 5.5720 Switzerland (franc) 4.0360 U.S.A, (dollar) 1.3207 West Germany (mark) .. 3.4150
Discount rates on London, on the basis to £l.OO were: selling $1.9528; T.T. buying $1.9403; O.D. air buying $1.9263; O.D. sea buying $1.9018; notes $1.8685.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19730618.2.163
Bibliographic details
Press, Volume CXIII, Issue 33254, 18 June 1973, Page 18
Word Count
175EXCHANGE RATES Press, Volume CXIII, Issue 33254, 18 June 1973, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.