FOREIGN EXCHANGE

Dominion, Volume 29, Issue 133, 29 February 1936, 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 transfeis. 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 By Telegraph—Press .-ssn.—Copyright. London, February 27. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on February 26:—

tPar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, February 27. Gold. —£7/1/0) per ounce, fine. Silver.— per ounce; forward, 19 11-16 d.

New Zealand on Buying. Selling. ■ London— £N.Z. to £stg,100 T.T. 124 124/10/O.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 .... T.T. 90/7/6 89 O.D. 90/7/6 89 New York — Doi. to £1 N.Z. T.T 4.03? 3.99J 4.006 O.D 4.05 Mon treat — Doi. to £1 N.Z. T.T 4.03? 3.99J O.D. 4.04? 4.00? Austria— Schillings to £1 N.Z T.T. 20.72 O.D. — 20.74 Belgium— Bel. to £1 N.Z. T.T. 23.405 O.D. —— 23.416 Czechoslovakia— Cr. to £1 N.Z. T.T. 94.74 O.D. — 94.79 Denmark— Kr. to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 France— Fr. to £1 N.Z. T.T. 60.59 59.76 O.D. 61.04 59.80 Germany— Jlk. to £1 N.Z. T.T. —— 9.797 O.D. ■ - 9.802 Holland— Fl. to £1 N.Z. T.T. 5.939 5.789 O.D. 5.999 5.793 JavaFl. to £1 N.Z. T.T. 5.913 5.753 O.D. 5.973 5.757 Norway— Kr. to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden— Kr. to £1 N.Z. T.T. 15.783 15.488 O.D. 15.843 15.498 Switzerland— Fr. to £1 N.Z. T.T. 12.309 12.039 O.D. 12.414 12.044 Noumea— Fr. to £1 N.Z. T.T. 62.39 58.39 O.D. 62.84 58.45 Papeete— Fr. to £1 N.Z. T.T. 62.39 58.54 O.D. 62.84 58.60 Hong-Kong— N.Z. d. to 1 dol. T.T. 18 15-16 20 11-16 O.D. 18 27-32 20 21-32 Indin and Ceylon— N.Z. d. to 1 rup. T.T. 22 9-64 22 57-64 O.D. 22 3-64 225 Japan— N.Z. d. to 1 yen T.T. 17 31-64 O.D. — • 17 15-32 Shanghai— N.Z. d. to 1 dol. T.T. 17 21-64 18 45-64 O.D. 17 9-64 18 11-16 Singapore— 34 25-64 35 20-64 . N.Z. d. to 1 dol. T.T. O.D. 34 13-64 35 7-16

U.S.A. (peril N.Z.) Canada per £1 N.Z.) Selling— dols. dols. T.T. . 4.00} 3.99} O.D. . 4.00} 4.00} Buying— O.D. 4.05 4.04}

, Feb. 27. Feb. 28. Par. N. York, dol. to £ 4.1)9 3-16 4.1)9 3-46 $4,866 Montreal, dol. to £ 4.1)8} 4.98} 4.86(5 Paris, fr. to £ 74 45-0 74 51-64 124.21 Brussels, bel, to £ 29.295 29.32 48.611 Geneva, fr. ' to £ 15.105 15.13 25.225 Amst’dam, fl, to £ 7.26} 7.27} 12.107 Berlin, inks, to £ 12.28. 12.29 20.43 St'holm, knr. to £ 19.395 19.395 18.15!) C'hagen, knr, to £ 22.395 22.395 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 20.25 26.25 34.585 Prague, knr. to £ . 119 119.75 164.25 Hel’fors, inks, to £ 227 227 193 23 Madrid, pes, to £ 301-10 30 3-32 25.225 I.lsbon, esc. to £ 110.125 110.125 110 Milan, lire to £ 62.125 62.125 92.46 Athens, draeh. to £ *515 •516 375 Belgrade, din. to £ 216 216 276.31 Bucharest, lei to £ *670 •670 813.60 Warsaw, zloty to £ — . 43 38 Klo de J., p. to mil. 14} 14} 5.S99 B. Aires, p. to peso j35 135 47.62 M. Video, p. to peso f39 9-16 |39 9-16 51 Calcutta, p. to rup. IS 1-8 IS 1-8 18 Shanghai, p. to dol. 14} Hi H.-Kong, p. to dol. 15} 15} Y’hama, p. to yen 13 29-32 14 24.582 Batavia, fl. to £ 7.235 7.235 12.107 ■fSellers, official. ‘Sellers.