FOREIGN EXCHANGE

Dominion, Volume 28, Issue 217, 11 June 1935, Page 12

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 ex change yesterday:— New Zealand Buying. Selling.

T.T. represents telegraphic transfers. (XD. represents on demand transactl°The above rates are subject to alteration without notice. The Associated Banka (other than the Bank of New South Wales) quoted the following dollar-sterling rates yesteiday. 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 4.91 4.91 Purchase of dollar bills .. 4.94 4.94 On a New Zealand currency basis these rates are equivalent Canada _ Rollin"’ dols. dols. &ell, q?T 3.94* 3.943 On demand 3.941; 0.94§ BUy On“demand 4.00} 4.00} 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. 16/2} in U.S.A. 16/2} in Canada. 9/6 in France. 10/2} in Italy. 9/4} in Germany. 9/5 in Java. ' £l/7/7 in Japan. Position of Sterling By Telegraph.—Press Assu.—Copyright London, June S. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on June < ■- Juneb. June i. r.irN. York, dol. to £ 4.915-8 4.97.> »4.866 Montreal, dol. to £ 4.91:| 4.Ji.) Paris, I’r. to £ 7 4 21-U— 1-+-- 1 Brussels, bcl. to £ 28.96 -J. •> 30.00 Geneva, fr. to £ J 0.04 1-;-<*J Amst’dam, il. to £ ‘;-”L t'r-,. no’jc. Milan, lire to £ »9.->7a ».tur fo £ 19:395 18.159 s s « Vienna, schgs. to £ 2600_ 26 50 oI.oSo Prague, knr. to Ijb J 11 el’fors. inks, to S .77°’ 10 Madrid, pes, to & 05.875_ tn- . 7'i’n’ 0 Lisbon esc to 110. H Athens, drach. to *512 •»!< Belgrade, din. to £ 21S _ A 7*2 CiQ m Bucharest, lei to £ 48-.00 Warsaw, zloty to £ 7; Rio de .L. p. to mil. t4 x v4i .ISJJ B Aires, p. to peso M. Video, p. to peso •»! (•alriitt:i p to run IS 1 . IS 1•> Shanghai, p. to dol. 19 13-1 G 19 — 11-Kong, p. to dol. 28J 28 -- Y’haina, p. to yen 14 1-8 14 Lb L4.ubBatavia, 11. to £ 7.225 7.255 12.107 tSellers. official. •Sellers. |Pat. 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, June 8. Gohl.—£7/1/10 per line ounce. Silver.—Cash, 32 11-16 d. per ounce; forward. 32 15-16 d. Australian Price of Gold The price fixed by the Commonwealth Bank for gold, including jewellery, lodg l cd at the Melbourne Mint for the week ended May 31. is at the rate of approximately £B/0/8 per standard ounce (22 carats), equal to a premium of 106.32 p>'r cent. Payment is made according to the assay value of gold. The price was 1/1 higher on the week. The price per ounce fine was £B/15/3}. a rise of 1/2} on the week.

on London— £N.Z. to 124/10/£stg.lOO T.T. 12-1 O.D. 123/10/124/8/9 Austraiia— £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. 90/7/6 89 New York— dollars to £1 3.945 N.Z T.T. 3.98CO.D. 3.99 j 3.94JMontreal dollars to £1 3.94J N.Z T.T. 3.98s O.D. 3.99J 3.955 Austria— Schillings to £1 20.77 N.Z T.T. — O.D. — 20.79 Belgium— Belgas to £1 22.950 NjZ T.T. — O.D. — 22.965 Czechoslovakia— Crowns to £1 94.33 N.Z T.T. — O.D. — 94.38 Denmark — Kroner to£ 17.928 N.Z T.T. 18.178 O.D. 18.218 17.938 France— , Francs to £1 59.08 N.Z T.T. 60.38 O.D. G0.68 59.13 Germany— Reichmarks 9.546 to £1 N.Z. T.T. — O.D. — 9.551 Holland— Florins to £1 5.716 N.Z. ..... T.T. 5.966 O.D. 6.016 5.720 Italy— Lire to £1 47.14 N.Z T.T. — O.D — 47.18 Java— Florins to £1 5.690 N.Z T.T. 5.915 O.D. 5.965 5.694 Norway— Kroner to £1 15.920 N.Z. .... T.T. 16.170 O.D. 16.210 15.930 Sweden — / Kroner to £ 15.510 N.Z T.T. 15.760 O.D. 15.800 15.520 Switzerland — Francs to £1 11.893 N.Z T.T. 12.293 O.D. 12.368 11.903 Noumea — Francs to £1 58.33 N.Z T.T. 61.33 O.D. 61.73 58.38 Papeete— Francs to £1 58.33 N.Z T.T. 61.33 O.D. 61.73 58.38 Hong-Kong— N.Z. pence to 1 dollar T.T. 34 17-32 35 19-32 O.D. 34 13-32 35 17-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 22J 22 23-32 O.D. 22i 22 21-32 Japan— N.Z. pence to 1 yen T.T. - 17 13-16 Shanghai— N.Z. pence to 25 3-16 1 dollar T.T. 2oJ O.D. 235 25-1 Singapore— — N.Z. pence to 1 dollar T.T. 34 9-32 35 7-32 O.D. 34 5-32 35 5-32