FOREIGN EXCHANGE

Dominion, Volume 29, Issue 185, 4 May 1936, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES rhe Bank of New South Wales. Wellington, quoted the following rates for their purchases and sales of foreign exchange on Saturday: —

T.T. represents telegraphic transfem. O.D. represents on demand transactions. The above rates ar e subject to alteration without notice. \ The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without notice.

Position of Sterling ' By Telegraph—Press Assn.—Copyright. London, May 1. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on April 30:

Gold and Silver. London, Maj' 1. Gold—£7/0/10 per ounce, fine. Silver—Cash. 20 5-16 d. per ounce; forward. 20 5-16(1. London, May 2. Gold—£7/0/10 fine. Sterling exchange. London on New York 4.94 dollars, on Paris 75 1-32 francs, on Batavia 7.245 florins. N.Z. Pound Abroad Based on the figures Quoted b.v the Bank of New South Wales, the New Zea land pound compared with its original par value, is equivalent to approximately IG/1 in London. £l/0/1 tn Atistrali16/3} in U.S.A 16/32 in Canada. 9/8 in France. 9/7 in Germany 9/6 in Java. • £l/7/10} in Japan

New Zealand Buying. Selling. on London— ■ £N.Z. to £stg.lOO 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. 89 100 .... T.T. 90/7/6 O.D. 90/7/6 89 New York — 3.99J Doi. to £1 N.Z. T.T. 3.95 J O.D. 4.001 3.961 Montreal — 4.001 3.961 Doi. to £1 N.Z. T.T. O.D. 4.011 3.971 Austria— Schillings to £1 N.Z. .... T.T. - 20.77 O.D. — 20.79 Belgium— Bel. to £1 N.Z. T.T. O.D. 23.337 23.348 Czechoslovakia — Cr. to £1 N’.Z. T.T. O.D. — 95.06 95.11 Denmark — Kr. -to £1 N.Z. T.T. 18.205 17.S95 O.D. 18.265 17.905 France —. 59.99 Fr. to £1 N.Z. T.T. 60.82 O.D. 61.27 60.03 Germany— 9.797 Mk. to £1 N.Z. T.T. —— O.D. — 9.802 Holland — 5.801 Fl. to £1 N.Z. T.T. 5.951 O.D. 6.011 5.805 Java — 5.761 Fl. to £1 N.Z. T.T. 5.921 O.D. 5.981 5.765 Norway— Kr. to £1 N.Z. T.T. 16.184 15.894 O.D. 16.244 15.904 Sweden — Kr. to £1 N.Z. T.T. 15.785 15.490 O.D. 15.S45 15.500 Switzerland — 12.117 Fr. to £1 N.Z. T.T. 12.387 O.D. 12.492 12.122 Noumea— 5S.62 Fr. to £1 N.Z. T.T. 62.62 O.D. 63.07 58.68 Papeete— 62.62 58.77 Fr. to £1 N.Z. T.T. O.D. 63.07 58.83 Hong-Kong— N.Z. d. to 1 20 25-64 dollar .. T.T. 18 57-64 O.D. 18 51-64 20 23-64 India and Ceylon—• N.Z. d. to 1 22 57-64 rupee .. T.T. 22 9-64 O.D. 22 3-64 225 Japan— N.Z. d. to 1 17 41-64 175 yen .....T.T. —— O.D. —— Shanghai— N.Z. d. to 1 dollar .. T.T. 1717-64 18 41-64 O.D. 17 5-64 185 Singapore— N.Z. d. to 1 35 31-64 dollar .. T.T. 34 27-64 O.D. 34 15-64 35 15-32

U.S.A. (per £1 N.Z.) Canada (per £1 N.Z.) Selling— <lols. (lols. T.T. 3.955 3.96} O.D. . 3.96-2 3.971 Buying— O.D. . 4.003 4.011

N. York. dol. to £ May 1. 4.93 15-4 Apr. 30. Par. 6 4.03 7-8 +4.86(1 Montreal, dot. to £ 4.93} 4.95 1-8 4.86(1 Parts, fr. to £ 75 1-61 74 63-64 124’21 Brussels, bel. to £ 211.215 20.225 48.611 Geneva, fr. to £ 15.205 15.205 05 Amst’dam. fl. to £ 7.28} 7.28} . 12’107 Berlin, .inks, to £ 12.20 12.29 20.43 St'holm, knr. to £ 10.395 19.395 18.159 C'hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 2(1.25 26.25 34.585 Prague, knr. to £ 119.50 119.50 164.25 Hel’fors. niks. to £ 227 227 193.23 Madrid, pes. to £ 116 7-32 36 3-16 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ *521 •521 375 Belgrade, din. to £ 217 217 270.31 Bucharest, lei to £ •670 •l’>70 813.60 Bio de J., p. to mil +4} +4} 5.899 B Aires., p to peso +35 +35 47.62 M. Video, p. to peso +39 +39 J 51 Calcutta, p. to rup. 18 1-8 18 1-8 18 Shanghai, p. to dol. 144 14} — FI.-Kong, p to dol 15 13-16 15 13-16 — Y’hama, p. to yen 14 1-16 14 3-64 24.582 Batavia, fl. to £ official. 7.245 •Sellers. 7.245 12.107 JPar, 8.23 31-32 since dollar devaluation on February 1, 1934.