FOREIGN EXCHANGE

Dominion, Volume 28, Issue 169, 13 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. on

T.T. represents telegraphic transfers. O*D. represents on demand transacH The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar r sterling rates yesterday. They are subject to alteration

On a New Zealand currency basis these r n tes are equivalent to:

New Zealand Pound Abroad Based on the rates quoted yesterday bv the Bank of New South Wales, £1 New Zealand was worth approximately:16/1. in London. £l/0/1 in Australia. 15/11J in U.S.A. 16/0i in Canada. 9/4-J in France. 10/- in Italy. 9/3 in Germany. 9/34 in Java. £l/7/9 in Japan. Position of Sterling Bv Telegraph.—Press Assn.-— Copyright

tSellers, official. •Sellers. +Par, 8.23 31-32 since dollar devaluation on February 1. 1934. Gold and Silver. Taondon, April 11« Gold—B7/3/1H per fine ounce. Silver—Spot, 29 11-16 d. per ounce; forward, 29 13-16(1. The spot price of silver Is the highest since .Tuly, 1926. Melbourne Produce Markets By Telegraph.—Press Assn.—Copyright. Melbourne, April 12 Wheat, 3/3} to 3/5 per. bushel. Flour, £ll/15/- per ton. Bran, £4/15/-. Pollard. £4/15/-. Oats, 2/4 to 2/5 per bushel. Barley. English. 2/!) to Maize, -1/-. Potatoes, £6 to £6/10/- per ton. Onions, £6 to'£7/10/-.

London — £N.Z. to fstg.lOO T.T. 124 124/10/O.D. 123/10/124/7/6 Australia— £A. to £N.Z. 100/10/100 .... T.T. 101 O.D. 101 160/10/Fiji— £F. to £N.Z. 100 .... T.T. 90/7/6 89 O.D. 90/7/6 89 New Xork— dollars to £1 3.88} N.Z T.T. 3.92} O.D. 3.934 3.88} Montreal — dollars to £1 N.Z T.T. 3.93 §- 3.89} z O.D. 3.94} 3.90} France — Francs to £1 58.32 58.37 N.Z T.T. 59.62 O.D. 59.92 Noumea —• Francs to £1 57.57 N.Z T.T. 60.57 O.D. 60.97 57.62 Papeete— Francs to £1 57.57 N.Z .... T.T. 60.57 O.D. 60.97 57.62 Belgium— Belgas to £1 N.Z T.T. - O.D. — 22.668 22.683 Czechoslovakia — Crowns to £ N.Z.l .... T.T. — O.D. — 92.64 92.69 Denmark — Kroner to £ N.Z.l .... T.T. 18.178 17.928 O.D. 18.218 17.938 Norway— Kroner to £ „ „ „„ NZ.l .... T.T. 16.168 15.918 O.D. 16.208 15.928 Sweden — Kroner to £ „ N.Z1 .... T.T. 15.757 15.507 O.D. 15.797 15.517 AustriaSchillings to £ l N.Z.1 .... T.T. - O.D. — 20.42 20.44 Germany— Reichmarks 4.441 9.446 to £1 N.Z. T.T. — O.D. — Italy— Lire to £1 N.Z T.T. - O.D. — 46.23 46.27 Switzerland — Francs to £1 NZ .... T.T. 12.252 11.852 O.D. 12.327 11.862 Holland — Florins to £1 „„„ 5.646 NZ ....T.T. 5.896 O.D. 5.946 5.650 Java — Florins to £1 N.Z T.T. 5.851 5.626 O.D. 5.901 5.630 Japan— N.Z. pence to 1 yen 1-1-17 23-32 Shanghai— Wgss 24 5-32 24 3-32 India and Ceylon— SOS 22 11-16 22j Hong-Kong— N.Z. pence to 1 dollar T.T. 31 M6 O.D. 30 15-16 32 3-32 32 1-32 Singapore— N.Z. pence t0 1 dollar VP.o4 o-16 35} 35 3-16

without notice:— Canada. dols. dols. Conversion of dollar bills received for collection and sale of dollar drafts 4.85 and telegraphic transfers 4.M Purchase of dollar bills • • 4.ob 4.88

U.S.A. Canada dols. dols. T.T 3.S8 3.89 J 3.88’3.90 Buying— On demand ....... 3.93? 3.958

London, April 11. The following rates on foreign exchanges were current to-day, compared with those ruling on April 10:— . . , April 10. April IL Par. N. York, dol. to £ 4.84 3-8 4.84 5-814.866 Montreal, dol. to £ 4.865 4.85} 4.866 Paris, fr. to X’ 73 27-64 72 29-64 124.21 Brussels, bel, to X* 28.625 28 19-32 25.20 Geneva, fr, to iL 14.97 14.96 25.225 Amst’dam, fl. to £ 7.17 7.175 12.107 Milan, lire to 58.375 58.375 92.46 Berlin, inks, to 12.02 12.03 20.43 St’holm, knr. to £ 19.305 19.395 18.159 C’hagen, knr. to 22.395 22.395 '18.159 Oslo, knr. to X? 19.905 19.905 18.159 Vienna, schgs. to .(? 25.75 25.75 34.585 Prague, knr. to £ 115.875 115.875 164.25 Hel’fors. inks. to £ 226.50 226.50 193.23 Madrid, pes, to X* 35.875 35 7-16 25.225 Lisbon, ese. to £ 110 110 110 Athens, drach. to £ ‘507 *509 375 Belgrade, din. to £ 212 213 276.31 Bucharest, lei to £ 477.5C 480 813.60 Warsaw, zloty to £ — —■ 43.38 Rio de J., p. to mil. 141 14} 5.899 B. Aires, p. to peso 135 135 47.62 M. Video, p. to peso 140 3-8 1401-8 51 Calcutta, p. to rup. 181-16 181-16 18 Shanghai, p. to dol. 18 7-8 18} — II.-Kong, p. to dol. 25 5-16 219-16 Y’hatna. p. to yen 141-16 111-10 24.582 Batavia, 11. to £ 7.155 7.155 12.107