FOREIGN EXCHANGE

Dominion, Volume 28, Issue 121, 15 February 1935, Page 14

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. lepresenis on demand transactions. The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rates yesterday. They are subject to alteration without notice: — U.S.A. Canada

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. 16/01 in U.S.A. 16/0$ in Canada. 9/5$ in Franco. 9/10$ in Italy. 9/4$ in Germany 9/4$ in Java. £l/7/11 in Japan. Position of Sterling By Telegraph.—Press Assn.—Copyright. London, February 13. The following rates on foreign exchanges were current to-day, compared with those ruling on February 12:—

on February 1, 1934.« Gold and Silver. London, February 13. Gold.—.£7/2/4 per fine ounce. Silver.—Cash, 24 7-lfid. per ounce; forward. 21 ‘J-lOd. Base Metals Market By Telegraph.—Press Assn.—Copyright. (Received February 14', 8.50 p.m.) London. February 13. The ollielai London (middle) quotations for -Wednesday, as reported by the Australian Mines amt Metals Association, compare as unde’ with those previously

New Zealand Buying. Selling. on London — £N.Z. to £stg.lOO T.T. 124 124/10/O.D 123/10/124/7/6 Australia — £A. to £N.Z. 100 .... T.T. 101 100/10/O.D 101 100/10/Fiji— £F. to £N.Z. 100 .... T.T • 90/7/0 89 O.D 90/7/0 89 N*ew York— dollars to IN.Z.l .. T.T. 3.95 s 3.89 5 O.D. 3.9G5 3.901 Montreal— dollars to £N.Z.l .. T.T. 3.95} 3.91} 3;91} O.D. 3.961 France — Francs to £1 5S.83 /J ...» T.T. 00.13 O.D. 60.43 58.8S Noumea— Francs to £1 58.0S N.Z T.T. 01 .OS O.D. 61.48 58.13 Papeete— Francs to £1 58.08 , N.Z T.T. 01.08 O.D. 61.48 58.13 Belgium— Belgas to £1 N.Z T.T. 17.171 16.471 O.D. 17.271 16.486 Germany— Reichmarks to £1 N.Z T.T. —— 9.562 O.D. — 9.567 Italy— Lire to £1 45.49 N.Z T.T. — O.D. — 45.53 Switzerland — Francs to £1 11.938 N.Z T.T. 12.338 O.D. 12.413 11.948 Holland— Florins to £1 N.Z T.T. 5.937 5.687 O.D. 5.987 5.691 Java — Florins to £" ■ 5.G82 N.Z T.T. 5.907 O.D. 5.957 5.G8G Japan— N.Z. pence to 1 yen T.T. — 17 21-32 Shanghai— N.Z. pence t 22 15-16 1 dollar T.T 21S O.D 211 22J India and Ceylon— N.Z. pence to 1 rupee T.T. 22 13-32 22} O.D. 22 9-32 22 11-16 Hong-Kong— N.Z. pence 27 7-10 to 1 dollar T.T 261 O.D 26} 27| Singapore— N.Z. pence 34 7-16 35i to 1 dol. T.T. O.D. 34 5-16 35 5-16

Conversion of dollar bills received for collection and sale of dollar drafts and telegraphic transfers 4.80 4.87 Purchase of dollar bills • ■ 4.90 4.91 On a New Zealand currency basis these rates are equivalent to: — Selling—• U.S.A. Canada 'P r r 3.904 On demand 3.90-i 3.914 Buying— 3.97 3.971

Fob. 13. Feb. 12. Par. N. York, <lol. to £ 4.881-16 4.881-814.860 Montreal, dol. to £ 4.89 4.88 7-8 4.866 Paris, fr. to 74 1-32 74 u-32 124.21 Brussels, bcl. to 20.89 20.97 35.00 15.0S 15.115 25.225 Geneva, fr. to Amst’dam, 11. to 7.225 7.245 12.107 Milan, lire to 57 7-16 57 9-32 92.46 Berlin, inks, to £ 12.16 12.195 20.43 St’liolm, knr. to £ 19.40 19.40 18.159 C’hagen, knr to £ 22.395 22.395 18.159 Oslo, knr. to 19.905 19.995 18.159 Vienna, schgs. to c 26.25 25.75 34 585 Prague, knr. to 4-‘ 110.75 117 3-16 164.25 Hel’tors. mks. to . 226.50 226.50 193.23 Madrid, pe's. to 35 23-32 35 25-32 25/225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ •515 *515 375 Belgrade, din. to 216 216 276.31 Bucharest, lei to £ 4S5 487.50 813.69 Warsaw, zloty to — — 43.38 Rio de J., p. to mil. Hi Hi 5.899 B Aires, p. to peso 1364 1361 47.62 M. Video, p. to peso t3G'j 136? 51 Calcutta, p. to nip. 18 5-32 18 5*32 18 Shanghai, p. to dol. 17 13-16 17 7-8 — H.-Kong, p. to dol. 21 11-16 21 11-16 —• Y’batna. p. to yen 14 14 24.582 Batavia, ti. to £ 7.225 7.225 12.107 tSeilers. olliclal. •Sellers. (Par, 8.23 31-3- ! since dollar devaluation

rubied Feb. 12. Per Ion. Feb. 13. Per ton Copper-- £ ?• <1 £ s. d Standard 27 d 3 27 1 10J Standard. forward 27 tn 7J -27 11 ItlJ Electrolytic 30 5 0 30 0 0 to ::o 15 o 30 10 0 Wire bars 30 15 0 30 10 0 Lead— Spot 10 7 6 10 3 9 10 11 3 10 7 0 Spelter— Spot - ■ — 11 18 11 Forward ....... 12 2 (1 Tin— •Spot 220 8 9 229 7 0 Forward °°5 R 0 22.7 7 0 Sliver— Standard, per oz.. 21 7-1dd. 24 7-1 (kt. Fine* 26 3-bd. ♦American, 50. 30 cents a lb.