FOREIGN EXCHANGE

Dominion, Volume 28, Issue 114, 7 February 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES

The Bank of New South Wales, Wellington. quoted the following rates for their purchases and sales of foreign exchange yesterday

T.T. represents telegraphic transfers. O.D. represents on demand transactions. ... ‘ The above rates are subject to alteration without notice. New Zealand Pound Abroad Based on the rates quoted yesterday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. £l/0/1 in Australia. 16/1 in "U.S.A. 16/1} n Canada. 9/6} in France. 9/10} in Italy. 9/4} tn Germany. 9/4} in Java. £l/7/11 in Japan. Position of Sterling By Telegraph.—Press Assn—Copyright. London, February 5. The following rates on foreign exchanges were current to-day, compared with those ruling on February 4:—

tPar, 8.23 31-32 since dollar devaluation on February 1. 1934

Gold and Silver, London, February 5. Gold— £7/2/1J per line ounce. Silver —Cash, 21 7-16 d. per ounce; forward, 24 9-l Cd. Gold Nugget Found By Telegraph—Press Association. Dunedin, February 6. Advice was received in Dunedin to-dify from the manager of the Nevis Sluicing Claim, Ltd., that a nugget weighing 3oz. 4dwt. had been found by him, and he was forwarding it to Dunedin.

New Zealand Buying. Selling. on London — £N.Z. to fstg.lOO T.T. 124 124/10/0 D. 123/10/124/7/6 Australia— £A. to £N.Z. 100 .... T.T. 101 100/10/0.1). 101 100/10/Fiji— £F. to £N.Z. 100 .... ' < T.T. 90/7/6 89 3.1). 90/7/0 89 New York — dollars to 3.90 £N.Z.l .. T.T. 3.95} O.D. 3.975 3.90 J Montreal — dollars to 3.91 fN.Z.l .. T.T. 3.95 0.1). 3.961 3.91} France — Francs to £1 59.10 N.Z T.T. 60.40 O.D. 60.70 59.15 Noumea— Francs to £1 61.35 N.Z T.T. 58.35 O.D. 61.75 58.40 Papeete— Francs to £1 58.35 N.Z T.T. 61.35 O.D. 61.75 58.40 Belgium— Belgas to £1 16.571 N.Z T.T. 17.271 O.D. 17.371 16.586 Germany— Reichmarks 9.602 to £1 N.Z. T.T. ■ ■ OD. —- 9.607 Italy— Lire to £1 45.78 N.Z T.T. — O.D. —- 45.82 Switzerland — Francs to £1 / 12.001 N.Z T.T. 12.401 O.D. 12.476 12.011 Holland— Florins to £1 5.960 N.Z T.T. 5.710 O.D. 6.010 5.714 JavaFlorins to £1 5.915 5.090 N.Z. .... T.T. O.D. 5.965 5.694 Japan— N.Z. pence to 1 yen T.T.' — 17 21-32 Shanghai— 1 4 N.Z. pence to 20 11-16 22 1 dollar T.T. OD. 20 9-16 21 15-16 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 13-32 1 22} OD. 22 9-32 22 11-16 Hong-Kong— N.Z. pence 26 1-16 tn 1 dollar T.T. 27} O.D. 25 15-16 27 1-16 Singapore— N.Z. pence 34 7-16 to 1 dol. T.T. 35} X O.D. 34 5-16 35 5-16

Feb. 5. Feb. 4. Par. ■ N. York, dol. to £ 4.8S 5-10 4.87 3-8t4.866 Montreal, dol. to fl 4.88 3-8 4.87 3-8 4.866 Paris, fr. to £ 7413-32 74(1-32 124.21 Brussels, bel. to £ 21.02 21.00 35.00 Geneva, fr. to £ 13.15 15.145 25.225 Amst’dam, fl. to £ 7.25 7.24.1 12.107 Milan, lire to £ 57.875 57.75 92.40 Berlin, inks, to £ 12.22 12.21 20.43 St’liolm, knr. to £ 19.40 19.395 18.159 C'hagen, knr. to £ 22.305 22.395 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 20.25 26.25 34.585 Prague, knr. to £ 117.125 117.25 164.25 Heritors, niks. to £ 226.50 226.50 1113.23 Madrid, pes. to £ 35.875 35.875 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ *515 216 •515 375 Belgrade, din. to £ 210 270.31 Bucharest, lei to £ 487.50 487.50 813.00 Warsaw, zloty to £ —. — 43.38 Rio de J„ p. to mil. t4i t4i 5.899 B. Aires, p. to peso 136} 4-3GJ 47.62 M. Video, p. to peso 739 7-8 739 7-8 51 Calcutta, p. to rup. 18 5-32 18 5-32 18 Shanghai, p. to dol. — ■—• — JI.-Kong, p. to dol. —— — — Y’hama, p. to yen 14 14 24.582 Batavia, fl. to £ fSellers. official 7.215 7.225 ♦Sellers. 12.107