FOREIGN EXCHANGE

Dominion, Volume 28, Issue 167, 11 April 1935, Page 10

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:— New Zealand Buying. Selling.

N. pence to 1 dollar T.T. 34 5-16 35} O.D. 3-1 3-16 35 3-16 T.T. represents telegraphic transfers. O. represents 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, dols. dols. Conversion of dollar bills received for ■ collection and sale of dollar drafts and telegraphic transfers 4.83 4.54 Purchase of dollar bills .. 4.86 4.87 On a New Zealand currency basis these rates are equivalent to: — i

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. 15/11 i in U.S.A. 16/- in Canada. 9/4} in France. 9/11$ in Italy. 9/3 in Germany. 9/3} in Java. £l/7/9 in Japan. Position of Sterling By Telegraph.—Press Assn.—Copyright.

‘Sellers, official, ‘Sellers. fPar, 5.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, April 9. Gold—£7/4/11 per fine ounce. Silver—Cash. *2B 13-16 d. per ounce; forward, 28 15-l Cd. AUCTION DIARY TO-DAY. Ward St., Dannevirke, 2.30 p.m.—Land (Loan and Merc.). 39 Brougham St., 10.30 a.m.—Furniture (Silverstone). TO-MORROW. 49 Ilohiria lid., Hataital, 9.45 p.m.—Furniture (Johnston). 8 Queen St., 1.30 p.m.—Prop. (Johnston).

on London— £N.Z. to Istg.lOO T.T. 12-1 124/10/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. 90/7/6 89 O.D. 90/7/0 89 New York— dollars to £1 3.875 N.Z T.T. 3.915 O.D. 3.93 3.885 Montreal— dollars to £1 N.Z T.T. 3.935 3.89 2O.D. 3.945 3.89J France — Francs to £1 N.Z T.T. 59.63 58.33 O.D. 59.93 58.38 Noumea — Francs to £1 N.Z T.T. 60.58 • 57.58 O.D. 60.98 57.63 Papeete— Francs to £1 57.58 N.Z T.T. 60.58 O.D. 60.98 57.63 Belgium— Belgas to £1 22.660 N.Z T.T. — O.D. — 22.675 CzechoslovakiaCrowns to £ N.Z.l .... T.T. — 92.64 O.D. — 92.69 Denmark— Kroner to £ 17.928 N.Z.l ... T.T. 18.178 O.D. 18.218 17.93S Norway— Kroner to £ 15.918 N.Z.l ... . T.T. 16.168 O.D. 16.208 15.928 Sweden — Kroner to £ 15.507 N.Z.l ... T.T. 15.757 O.D. 15.797 15.517 Austria — Schillings to £ 20.42 N.Z.l .... T.T. — O.D. — 20.44 Germany— Reiclimarks 9.453 to £1 N.Z. T.T. — O.D. — 9.458 Italy— Lire to £1 46.13 , N.Z T.T. — O.D. — 46.17 Switzerland — Francs to £1 11.844 N.Z T.T. 12.244 O.D. 12.319 11.854 Holland— Florins to £1 N.Z T.T.‘ 5.905 5,655 O.D. 5.955 5.659 . Java — Florins to £1 N.Z T.T. 5.S59 5.634 O.D. 5.909 5.638 Japan— N.Z. pence 17 23-32 to 1 yen T.T. — Shanghai— N.Z. pence to 23 25-32 1 dollar T.T. 22 15-32 O.D. 22 11-32 23 23-32 India and Ceylon— N.Z. pence 22 11-16 to 1 rupee T.T. 22 11-32 O.D. 22 7-32 22S-Hong-Kong— N.Z..neuee 30 11-16 io 1 dollar T.T. 295 O.D. 29J 80S Singapore—

Selling— U.S.A. Canada. dols. dols. T.T 3.88 3.88.1 On. de.mand . 3.88-1 3.89 J Buying— 3.94? On demand 3.93:1

London, April 9. The foliowins rates on foreign exchanges were current to-day . compared with those ruling on April 8:— April 9. April 8. Par. X. York. dol. to fl 4.84} 4.83 3-8 J4.800 Montreal, dol. to fl 4.85’1 4.S5 5-8 4.860 Paris, fr. to £ 73 27-32 73 11-32 124.21 Brussels, bel. to £ 2819-3 28 17-32 25.20 Geneva, fr. to £ 14.90 14.945 25.225 Amst’dam, fl. to £ 7.18} 7.10} 12.107 Milan, lire to £ 58.25 58 3-10 92.40 Berlin, mks. to £ 12.095 11.99 20.43 St’holm, knr. to £ 19.395 19.395 18.159 C'hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to £ 19*905 19.905 18.159 Vienna, schgs. to £ 0 1 7’1 25.75 . 34.585 Prague, knr. to £ 115.875 11511-16164.25 Hel'fors, mks. to £ 220.50 220.50 193.23 Madrid, pos. to £ 35 7-10 35 5-16 25.225 Lisbon, esc. to £ 110 110 110 Athens, drach. to £ •509 •50!) 375 Belgrade, din. to £ 212 213 276.31 Bucharest, lei to £ 477.50 477.50 813.00 Warsaw, zloty to £ —- —- 43.38 Rio de ,T., p. to mil. ■tn 74} 5.899 B. Aires, p. to peso 735 735 47.02 M. Video, p. to peso •?40 3-8 740 3-8 51 Calcutta, p. to rup. 18 3-32 181-8 IS Shanghai, p. to dol. IS} 18} — H.-Kong, p. to dol. 24 7-10 24 3-8 — Y’hama. n. to yen 141-16 14 1-10 24..W Batavia, fl. to £ 7.155 7.145 12.107