FOREIGN EXCHANGE

Dominion, Volume 29, Issue 71, 17 December 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

T.T. represents telegraphic transfers. O.D. 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.

Position of Sterling (British Official Wireless.) London, December 14. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on December 13:—

(•Sellers, official. ‘Sellers. tPar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, December 14. Gold.—£7/1/1 per ounce, fine. Silver.—Cash, 20 7-10 d. per ounce; forward, —. N.Z. Pound Abroad Based on the figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par vajue, is equivalent to approximately: 16/1 in London. £l/0/1 in Australia. ■ 16/2J in U.S.A, 16/4} in Canada. 9/6} jn France. 9/5} in Germany. 9/5 in Java £l/7/10} in Japan. Tallow and Hemp The Department of Agriculture has received the following cablegram, dated December 14, from the High Commissioner for New Zealand, London : — Tallow: Market quiet but steady at about last quotations. Hemp: Manila: Market quiet. but steady, with values unchanged. Stocks in the United Kingdom at December 1, 9512 bales against 27,276 bales at the same time last year. Sisal: Market continues firm. January. Marcli shipment sold at £2B. New Zealand: Market quiet and nominal. No first-hand sales reported. Stocks in London nt December 1, 41 tons against six tons at the same time last year. AUCTION DIARY ' TO-MORROW. 22 Brandon Street, 2.30 p.m.—Mortgagee's sale (If. 11. Leighton). 11l Customhouse Quay, Noon.—Property (S. G. Nathan). Johnsonvjlle Fat Stock Sale, 1.30 p.m. (Wright, Stephenson). 33 Ghuznee Street. 10.30 a.m.—Unredeemed Pledges (Kirkbeck and Co.). Cuba Street, 1.30 p.m., Bankrupt Stock (Silverstone and Co.). THURSDAY. Beach Road, Te Horo, 1 p.m., Clearing Sale, a/c. G. Smith (Abraham and Williams).

New Zealand Buying. 1 Selling. on London — £N.Z. to 124/10/£stg.lOO T.T. 124 O.D. 123/10/124/8/9 Australia — £A. to £N.Z. 100/10/100 .... T.T. 101 O.D. 101 100/10/Fiji— £F. to £N.Z. S9 100 .... T.T. 90/7/0 O.D. 90/7/6 89 New York— 3.94} Doi. to £1 N.Z . T.T. 3.9SJ O.D. 4.00 3.95} Montreal — 3.98 Doi. to £1 N.Z . T.T. 4.01 i O.D. 4.02} 3.981 Austria— Schillings, to £1 20.83 N.Z T.T. — O.D. — 20.85 Belgium— 23.155 Bel. to £1 N.Z. T.T. — O.D. — 23.170 Czechoslovakia— 95.21 Cr. to £1 N.Z. T.T. — O.D. — 95.26 Denmark — 17.928 Kr. to £1 N.Z. T.T. 18.178 O.D. 18.218 17.938 France— 59.22 Fr. to £1 N.Z. T.T. 60.32 O.D. 60.82 59.27 Germany— 9.634 Mk. to £1 N.Z. T.T. — O.D. — 9.639 Holland — 5.730 Fl. to £1 N.Z. T.T. 5.980 O.D. 6.030 5.734 Java — 5.702 5.706 Fl. to £1 N.Z. T.T. 5.927 O.D. 5.977 Norway— Kr. to £1 N.Z. T.T. 16.170 15.920 O.D. 16.210 15.930 Sweden — 15.510 Kr. to £1 N.Z. T.T. 15.760 O.D. 15.800 15.520 Switzerland — Fr. to £1 N.Z. T.T. 12.421 12.021 O.D. 12.496 12.031 Noumea— 58.47 Fr. to £1 N.Z. T.T. 61.47 O.D. 61.87 58.52 Papeete— Fr 'to £1 N.Z. T.T. 61.47 58.47 O.D. 61.87 58.52 Hong-Kong— N.Z. <1. to 1 dol. T.T. 182 20} O.D. 18S 20 7-32 India and Ceylon— N.Z. d. to 1 run. T.T. 225 22 23-32 O.D. 22} 22 21-32 Japan— N.Z. d. to yen T.T. — O.D. — 17 41-64 171 Shanghai— nn N Z d. to 1 dol. T.T. 1 < H-32 18 21-32 O.D. 17 7-32 18 41-64 Singapore— „ „„ N.Z. ,1. to 1 dol. T.T. 34 11-32 35 9-32 O.D. 34 7-32 35 7-32

Selling— T.T. . O T) U.S.A. (peril N.Z.) dels. 3.95 3.95 i Canada (per £1 N.Z.) dole. 3.07J 3.98.} Buying— o.n. . 3.99J 4.02&

Dec. 14. Dec. 13. Par. X. York. dol. to £ 4.1)211-1(14.92 13-1614.806 Montreal, dol. to £ 4.961-8 4.96? 4.866 Paris, fr. to £ 74 33-64 74 31-64 124.21 Brussels, del. to £ 29.205 29.21 48.611 Geneva, fr. to 12 15.185 15.18 Amst’dam. tl. to £ 7.27? 7.27 12.107 Berlin, inks, to £ 12.25 12.24 20.43 St’liolm, 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, sehgs. to 26.25 26.25 34.585 Prague, knr. to Hel'fors, mks. to £ 118 11-16 118.75 164.25 £ 226.875 226.875 193.23 Madrid, pes. to £ 35 31-32 35 31-32 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ *520 •519 375 Belgrade, din. to 216 216 276.31 Bucharest, lei to £ *630 •630 813.61) Warsaw, zloty to £ —— — 43.38 Rio de J., p. to mil. B. Aires, p. to peso t4t 1'35 i'35 5.899 47.02 M.Video, p. to peso mi |39J 51 Calcutta, p. to nip. 181-8 IS Shanghai. P. to dol. 141 144 —— H.-Kong, p. to < lol 15 9-16 15 5-8 Y’hama. n. to yen 14 14 1-32 24.582 Batavia, fl. to £ 7.245 7.235 12.107