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 yesterdayj—
T.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates are subject to alteration withor-.i notice. The Associated Banks (other than tne Bank of New South Wales) quoted the following dollar-sterling rates yesterday. They are subject to nlieration
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. IG/2.J in U.S.A. 16/3 in Canada. 9/7 in France. 10/3 in Italy. 9/5 in Germany. 9/6 in Java. £l/7/7 ‘ii Japan Position of Sterling l!v Telegraph.— Press 1 r London. May -9* Tlie following mean closing rates on foreign exchanges were current to-day compared with those ruling on May -• •
on February 1. 1934. Gold and Silver. London, May 29.., Gold —£7/1/9 Per ounce, fine. Silver—Cash, 32 15-l Gd. per ounce; forward, 33 3-10 d.
New Zealand. Buying. Selling. on London— £N.Z. to fstg.100 T.T. 124 124/10/1O.D. 123/10/124/8/9 Australia — £A. to £N.Z. 100 .... T.T. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 100 ' I’.T. 90/7/6 89 O.D. 90/7/0 89 New York — dollars to £1 3.94} N.Z. . T.T. 3.9SJ O.D. 4.001 3.95} Montreal dollars to £1 "NTJZ. . T.T. 4.98} 3.95} O.D. 4.00-1 3.95-$-Austria— Schillings to £1 Ns"i 25 T.T. — 20.92 O.D. — 20.94 Belgium— Belgas to £1 22.885 N.Z T.T. — O.D. — 22.900 Czechoslovakia— Crowns to £1 N.Z T.T. — 95.13 O.D. — 95.18 Denmark — Kroner to £ N.Z.l ... . T.T. 18.178 17.928 O.D. 18.218 17.938 France— Francs to £1 N.Z T.T. 60.88 5V.58 O.D. 61.18 59.63 Germany— Ileichmarks to £1 N.Z. T.T. - — 9.610 O.D. — 9.615 Holland— Florins to £1 N.Z T.T. 6.006 5.756 O.D. G.0J6 5.760 Italy— Lire to £1 N.Z T.T. — 47.46 O.D. — 47.50 Java— Florins to £1 N.Z T.T. 5.971 5.746 O.D. 6.021 5.750 Norwav — Kroner to £1 N.Z. . Tin. 16.169 15.919 O.D. 16.209 15.929 Sweden — Kronor to £ N.Z.l .... T.T. 15.757 .15.507 O.D. 15.797 15.517 Switzerland — Francs to £1 N.Z. . T.T. 12.510 12.110 O.D. 12.585 21.120 Noumea— Francs to £1 N.Z T.T. 6K83 58.83 O.D. 62.23 58.S8 Papeete— Francs to £1 N.Z T.T. 61.83 58.83 O.D. 62.23 5S.8S Hong-Kong— N.Z. pence 36 9-32 to' 1 dollar - T.T. 35 7-32 O.D. 35 3-32 36 7-32 India and Ceylon— N.Z. pence 22 23-32 to 1 rupee T.T. 22} O.D. 22} 22 21-32 Japan— N.Z. pence 17 25-32 to 1 yen T.T. — Shanghai— N.Z. pence tc > 25 11-16 1 dollar T.T. 245 O.D. 24} 2*J if Singapore— N.Z. pence 35 7-32 to 1 dollar T.T. 34 9-32 O.D. 34 5-32 35 5-32
without notier*:— U.S.A, dols Canada, dols. Conversion ol dollar bills received for collection and sale of dollar drafts and telegraphic transfers 4.01 Purchase of dollar bills .. 4.94 4.92 4.95 Ou a Now Zealand rates are equivalent Kelli ns?— r r ...... currency basts these to: — U.S.A Canada dols. dols ... 3.940 3.954 On demand 3.94s BuyingOn demand 4.00, 3.95;! 4.014
May 29. May 28 Par. N. York, dot to £ 4.93;} 4.94 g 1:4.866 Montreal, dot to £ Paris, ft. to £ 75 1-0t 4.941 73 7’32 4.860 124.21 Brussels, bel. to £ 28.86 29.095 35.00 Geneva, fr. to ‘ & 15.305 15.305 Amst’dam. fl. to £ 7.31 7.311 12.107 Milan, lire to £ 59 15-16 60.12o 92.46 Berlin, inks, to £ 12.22 12.275 20.43 St’holm. knr. to £ 19.395 19.395 18 159 C’hagpn. knr tn £ oo 395 22.395 18.159 Oslo. knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 26.25 20.25 34.585 Prague, knr. to £ 118.75 119 104.25 Hpl’fors mks tn £ >26 7 b 22(1. 75 I93.23 Madrid, pes. to £ 36 11-64 36 9-32 25.225 Lisbon, esc to £ 11U.12.-. 110.125 110 Athens, Orach. to £ *522 ♦520 375 Belgrade, din. to £ 21 n 219 270.31 Bucharest, lei to £ 490 190 813.00 Warsaw, zloty to £ — — 13.38 Rio dr* 1 o to mil ■ I) 5.899 B Aires, p. to do!. *35 :-35 47.02 M. Video, p. to peso t.U) v39 3-S 51 18 Calcutta. p. to run 18 1 >■ IS 1-8 Shanghai, p. to dol. 201 20 5-16 — IT.-Kong, p. to dol. 28’ 29 1-8 Y’hama. n to ven 141-8 14 1-8 21.582 Batavia, fl. to £ 7*305 tSellers. official • 7.30 ■Sellers. 12.107 fPnr. 8.23 31-32 sluee dollar devaluation
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Bibliographic details
Dominion, Volume 28, Issue 208, 31 May 1935, Page 14
Word Count
705FOREIGN EXCHANGE Dominion, Volume 28, Issue 208, 31 May 1935, Page 14
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