FOREIGN EXCHANGE

Dominion, Volume 28, Issue 284, 28 August 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 exchange yesterday:—

New Zealand Buying. Selling, on London—i’N.Z. to fstg.lOO T.T. 121 124/10/O.D. 123/10/- i24/8/9

Singapore— N. pence to 1 dollar T.T. 34 11-32 35 9-3'-O.D. 34 7-32 35 7-32 T.T. represents telegraphic trauslers. 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 rates yesterday on a New Zealand currency basis. They are subject to alteration without notice.

U.S.A. Canada (peril N.Z.) (peril N.Z.) Sellins— dols. dols. T.T 3.99-1- 4.00 O.D 3.991 4.001 Buying— O.D 1.04 - LO4J

Position of Sterling

By Telegraph.—Press Assn.—Copyright.

l/OUdon. August 26.

The following mean closing rates on foreign exchanges were current to-day compared with those ruling ou August 24:— .

Gold and Silver. London, August 26. * Gold.—£o/10/10} per ounce, fine. Silver.—Cash, 20d per ounce; forward, 29d.

Australia — £A. to £N.Z. 100/10/11*0 .... T.T. 101 O.D. 101 Fiji— £F. to £N.Z. 100 .... T.T. 90/7/6 S9 O.D. 90/7/6 89 New York — Dollars to £1 N.Z. . T.T. 4.03 3.99 O.D. 4.041 3.991 Montreal— Dollars to £1 N.Z. ... . T.T. 4.03 s 3.99; O.D. 4.04J 4.009 Austria— Schillings to i) N.Z , T.T 20.77 O.D. — 20.79 Belgium— Hel'.'.as to £1 N.Z T.T. 23.401 O.D. — 23.416 zrctiosluvakiaCrowns to £1 T.T. 95.86 O.D. — 95.91 Denmark — Kroner to £1 N.Z. ... . T.T. 18.178 17.928 O.D. 18.218 17.938 France — Francs toll ... « T.T. 61.02 59.72 O.D. 61.32 59.77 Germany— Reiehmnrks 9.731 to £1 N.Z. T.T. — O.D. 9.736 Holland — Florins to £1 5.788 N.Z. ... . T.T. 6.038 O.D. 6.0S8 5.792 17.99 Italy— Lire to £1 N.Z. .... T.T O.D. — 48.03 Jara — Florins to £1 "V 55 • • • . T.T. 5.995 5.770 O.D. 6.045 5.774 Norway—• Kroner to £1 15.918 N.Z T.T. 16.168 O.D. 16.208 15.928 Sweden —• Kroner to £1 N.Z. . T.T. 15.760 15.510 O.D. 15.800 15.520 Switzerland — Francs to £1 12.059 % . T.T. 12.459 O.D. 12.534 12.069 Noumea — Francs to £1 58.97 55 • T.T. 61.97 O.D. 62.37 59.02 Papeete—• Francs to £1 5S.97 N.Z T.T. 61.97 O.D. 62.37 59.02 Hong-Kong— N.Z. pence 30 7-32 to 1 dollar T.T. 29 5-32 O.D. 20 1-32 30 5-32 India and Ceylon— N.Z. pence 22 11-16 to 1 rupee T.T. 22 11-32 O.D. 22 7-32 22 ij Japan— N.Z. pence 17 29-32 to 1 yen T.T. — O.D. — — Shanghai— N.Z. pence to 22 15-16 1 dollar .. T.T. 21g O.D. 211 22J

Aug. 20. Aug. 21. Tur. N York. dot. Io £ 4.97 13-164.97 5-S 14.866 Montreal, dol. to £ 4.085 4.SGI! Paris, fr. to £ 7 3-16 75 17-6-1 124.21 Brussels, bel. to £ 29.51 4S.611 Geneva, fr. to £ 15.23 15.225 Anist’dam, tl. to £ 7.345 7.34 12.107 Milan, Uro to £ 60 946 60 9-10 92.46 Berlin, inks. to £ 12.37 12.36_ 20.43 St’holni. knr. to £ 19.395 19.395 IS 159 C'hagen, knr. to £ 22.395 22.39a 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, sehgs. to £ 26.25 26.25 34.585 Prague, knr. to £ 119.625 119.75 161.25 ireffors. niks. to £ 226.875 226.875 193.23 Madrid, pes. to £ 36.25 . 36.25 25.225 Lisbon, esc. to £ 110.125 110.125 no" Athens, dracli. to £ *518 *51S ,>4.) Belgrade, din. to £ 217 217 276.31 Bucharest, lei to £ *626 a *626 813.60 Warsaw, zloty to £ — — 43.38 Bio de J., p. to mil. t4J t4J5.899 B. Aires, p. to peso 1’35 f35 •47.62 M. Video, p. to peso [39 3-8 f39 3-8 51 Calcutta, p. to rup. 181-8 181-8 18 Shanghai, p. to dol. 17 7-8 '1715-16 — II.-Kong, p. to dol. 24 245-16 Y’liama, p. to yen 14 346 14 3-16 24.582 Batavia, 11. to £ 7.315 7.315 tSellers. oflirlat •Sellers. 12.107 tPar, 8.23 31-32 since dollar devaluation on February J, 193i.