FOREIGN EXCHANGE

Dominion, Volume 29, Issue 200, 21 May 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 : —

O.D. represents on demand transactions. The above rates are subject to alteration without notice. The Associated Bunks (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 Assn.—Copyright. London, May 19. The following moan closing rates on foreign exchanges were current to-day compared with those ruling on May 18:—

Gohl and Silver. London, May IS. Gold.— CC/10/11 per ounce, line. Silver.—Cash, 20ld. per ounce; forward. 204.1. N.Z. Pound Abroad Based on rhe figure*, quoted by the Bank of Now South Wales the New Zealand pound, compared with its original "ar value, is equivalent tn approximately: 16/1 in London. ''l/0/1 in Australia. 16/44 in U.S.A. ’6/5} in Canada. ''/Sj in France. ’•/"I in Germany 9/74 in Java. -I'7'lo} in Japan. BUTTER MARKET FIRM New Zealand Selling at 96'97/Josepli Nathan and Co.. Ltd., have received from their principals. Trengronse and Nathan. Lid.. London, the following cabled advice, dated May 19;—New Zealand butter: 96/- Io 97/-: market firm. New Zealand cheese: White, 57/6; coloured. 55/- to 55/6; market quiet. The New Zealand Producers’ Cooperative Marketing Association's weekly cabled market report from London, dated May 19. is as follows: —Butter market firm. New Zealand, 96/-; Danish, 105/to 106/-. Cheese market quiet. New Zealand, white, 57/6 to 58/-; coloured, 55/6. A. 11. Turnbull and Co., Ltd., have received the following cable from I heir principals. W. Weddel and Co.. Ltd,, dated London, May 19: —Both markets firm. Butter: Danish. 102/-: New Zealand finest, 96/-; Kangaroo finest, 95/-. Cheese: New Zealand, white. 57/6; coloured, 55/6.

New Zealand on London— £N.Z. to £stg.lOO T.T. O.D. Buying. 121 12:1/10/Selling. 124/10/121/8/9 Aust ralia — £A to£N.Z. 100 . .. T.'l'. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z 100 . . . T.'l’. 90/7/6 S9 O.D. 90/7/0 89 New York — 3.9S-1 Itoj. io £ 1 N.Z. '1. 1. 1.02 O.D. 4.031 3.9SJ Montreal— 3.99 j Doi. to £1 N.Z. T.'l’. 4.0:i l O.D. 4.0-1 ” 4.00 > Austria — Schillings to £1 N.Z. . . . T.T. 20.82 o.D. — 20.S4 Belgium— Bel. to £1 N.Z. T.T. 23.471 O.D. — 23.482 Czechoslovakia — Cr to £1 N.Z. T.'l’. 95.30 O.D. — 95.35 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. 60.37 O.D. — 60.41 Germany— Mk. to £1 N.Z. T.T. 9.842 O.D. — 9.847 Holland/— Fl. to £1 N.Z. T.T. 5.S61 O.D. — 5.865 Java — Fl. to £1 N.Z. T.T. — 5.817 O.D. — 5.S21 Norway— Kr. to £1 N.Z. T.'l’. 16.1,S3 15.893 O.D. 16.243 15.903 Sweden— Kr. to £1 N.Z. T.T. 15.782 15.4S7 O.D. 15.842 15.497 Switzerland — Fr. to £1 N.Z. T.T. — 12.252 O.D. — 12.257 Noumea— Fr. to £1 N.Z. T.'l’. — 59.00 O.D. —— 59.06 Papeete— Fr. to £1 N.Z. T.T. — 59.15 O.D. —. 59.21 Hong-Kong— N.Z. d. to 1 dollar .. T.T. IS 13-16 20 5-16 O.D. IS 23-32 20 9-32 India and Ceylon—■ N.Z. d. to 1 rupee .. T.T. 22 9-64 : 22 57-64 O.D. 22 3-64 22J Japan—■ N.Z. d. lol yen .... T.T. 17 21-32 O.D. —— 17 41-64 Shanghai— N.Z. d. to 1 dollar .. T.T. 17 3-16 18 9-16 O.D. 17 IS 35-64 Singapore— N.Z. d.-tol dollar ... T.T. 34 27-64 35 31-64 O.D. 34 15-6-1 35 15-32 T.T. represents telegraphic transfers.

U.S.A. (peril N.Z.) Canada (peril N.Z.) Selling— dels. dots. T.T. . 3.1)8? 3.99} (1.1). . 3.98J 4.001 Buying— 0.1). .. .... 4.03 4.04 g

May 19. May 18. Bar. N. York. dol. to £ 4.97 1-16 4.97 + 4.S66 Montreal. del. to £ 4.9S3-S 4.98? 4.S00 Paris, fr. to £ 75 31-04 75 29-64 124.21 Brussels, bel. to £ 29.385 29.39 48.611 Geneva, fr. to £ 15.375 15.37 25.225 Amst’dam. fl. to £ 7 35 r 7.35? 12.107 Berlin, inks, to £ 12.345 12.35? 20.43 St’holm, knr. to £ 19.395 19.395 IS. 159 C’hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr to £ 19.905 19.905 18.159 Vienna, schgs. to £ 26.50 20.50 34.5S5 Prague. knr. to £ M9.75 119.025 104.25 Hol’fors, mks. to £ 007 227 193.23 Madrid, pes. to £ 30 7-10 36 7-16 25.225 Lisbon, esc. to £ 110.1'25 110.125 110 -Atilan. lire to £ 63.25 03.25 92.46 Athens. draHi. to £ *526 *523 375 Belgrade. din to £ 21S 21S 270.31 Bucharest. lei to £ •072 *672 813.60 Rio de .1.. p. to mil +4? Ml 5.S99 B Aires, p. fo peso t:»5 435 47.62 M Video, p. to peso 4391 t39J 51 Calcutta. p. tn run. IS 1-S IS 1-S IS Shanghai, p. to del. 14 7-10 14 1-32 - Ft.-Kong, n. tn dol. 15? 15? - Y’hama p tn yen Batavia, fl. to £ 14 1-32 14 1-32 24.5S2 7.235 7.315 12.107 fSellcr*. official •Sellers tPar. S.23 31-32 since dollar devaluation on Fehrtiarv 1. 11)34.