FOREIGN EXCHANGE

Dominion, Volume 28, Issue 168, 12 April 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:— New Zealand Buying. Selling. on London —

Singapore— N. pence to 1 dollar T.T. 34 5-16 3oj O.D. 34 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-steriing 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.Bt> Purchase of dollar bills .. 4.86 4.88 On a New Zealand currency basis these rates are equivalent to: —

- 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} in. U.S.A. 16/0} in Canada. 9/4} in France. 10/- in Italy. 9/3 in Germany. 9/4} in Java. £l/7/9 in Japan. Position of Sterling By Telegraph.—Press Assn.—Copyright. London, April 10.

(■Sellers, official. •Sellers. jl’ar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, April 10. Gold. —7/3/6 per flue ounce. Silver.—Cash, 28 15-16 d. per ounce; forward, 29 l-16d. AUCTION DIARY TO-DAY. 49 Hohiria Rd., Uataitai, 9.45 p.m.—Furniture (Johnston). 8 Queen St.. 1.30 p.m.—Prop. (Johnston). 91 Dixon St., 1.30 p.m.—Furniture (C. W. Price). 82 Mercer St., 11 a.m.—Mercery (Alf. Jonas).

£N.Z. to 124/10/istg.100 T.T. 121 O.D. 123/10/124/7/6 Australia— £A. to £N.Z. 100/10/100 .... T.T. 101 O.D. 101 100/10/Fiji— £F. to £N.Z. 89 100 .... T.T. 00/7/6 O.D. 90/7/6 89 New York — dollars to £1 3.881N.Z T.T. 3.921 O.D. 3.93 i 3.881 Montreal — dollars to £1 3.89$ N.Z T.T. 3.931 O.D. 3.94$ 3.905 France — Francs to £1 N.Z T.T. 59.67 58.37 O.D. 59.97 58.42 Noumea — Francs to £1 N.Z T.T. 60.62 57.62 O.D. 61.02 57.67 Papeete— Francs to £1 N.Z T.T. 60.62 57.62 O.D. 61.02 57.67 Belgium— Belgas to £1 22.660 NZ T.T. — O.D. — 22.675 Czechoslovakia — Crowns to £ 92.96 93.01 N.Z.l .... T.T. — O.D. — Denmark — Kroner to £ 17.928 N.Z.l .... T.T. 18.178 O.D. 18.218 17.938 Norway— Kroner to £ N.Z.l .... T.T. 16.168 15.918 O.D. 16.208 15.928 Sweden — Kroner to £ 15.507 N.Z.l .... T.T- lo.757 O.D. 15.797 15.517 Austria — Schillings to £ 20.47 20.49 N.Z.l .... T.T. — O.D. — Germany— Reichmarks 9.453 to £1 N.Z. T.T. — O.D. — 9.458 Italy— Lire to £1 46.23 N.Z T.T. — O.D. — 46.27 Switzerland — Francs to £1 11.844 N Z .... T.T. 12.244 O.D. 12.319 11.854 Holland — Florins to £1 5.650 N.Z .... T.T. 5.900 O.D. 5.950 5.654 Java— Florins to £1 5.666 NZ .... T.T. 5.891 O.D. 5.941 5.670 Japan— N.Z. pence to 1 yen T.T. — 17 23-32 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 to 1 rupee T.T. 22 11-32 22 11-16 O.D. 22 7-32 22J Hong-Kong— N.Z. pence to 1 dollar T.T. 29 8 30 11-16 O.D. 291 305

Selling— U.S.A. Canada. dols. dols. t.t 3.88 3.89J On demand 3.88? 3.90 Buying— On demand 3.93J 3.951

The following rates on foreign exchanges were current to-day, compared with those ruling on April 9:— Par. April 10. April!). N. York, dol. to £ 4.84 5-< S 4.84} 14.800 Montreal, dol. to £ 4.85J 4.85:1 4.S6G Paris, fr. to £ 72 29-64 73 27-32 124.21 Brussels, bel. to £ 2819-31 J 28 19-32 25.20 Geneva, fr. to £ 14.9(1 14.90 25,225 Amsl’dam, fl. to £ 7.175 7.18} 12.107 Milan, lire to £ 53.375 58.25 92.40 Berlin, inks, to £ 12.03 12.005 20.13 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 £ 25.75 25.75 34.585 Prague, knr. to £ 115.875 115.875 104.25 Hel’fors, mks. to £ 220.50 22G.50 193.23 Madrid, pe.s. to £ 35 7-10 357-10 25.225 Lisbon, esc. to £ 110 110 110 Athens, drach. to £ *509 ‘509 375 Belgrade, din. to £ 213 212 ■ 270.31 Bucharest, lei to £ 4S0 477.50 813.00 Warsaw, zloty to £ — —• 43.38 Rio de J., p, to mil. 44} 44} 5.S99 B. Aires, p. to peso 435 435 47.02 M. Video, p. to peso t-10 1-8 4403-8 51 Calcutta, p. to rup. 181-10 18 3-32 18 Shanghai, p. to dol. 18} 18} —— H.-Kong, ip. to dol. 24 9-10 24 7-1G —— Y’hama. p. to yen 141-10 141-10 24.582 Batavia, fl. to £ 7.155 7.155 12.107