FOREIGN EXCHANGE

Dominion, Volume 29, Issue 203, 25 May 1936, Page 14

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 on Saturday : —- New Zealand Buying. Selling. on London—

O.D. represents on demand transactions. The above rates are subject to alteration without notice. The Associated ,Hanks (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 22. The following mean Hosing rales on foreign exchanges were current to-day compared with those ruling on Ma.v 21 :—

tPar, 8.23 31-32 since dollar devaluation on February 1. 1931. Gold and Silver. London. May 22. Gold.— £B/19/111 per ounce, fine. Silver.—Cash. 20d. per ounce: forward. 20d. London, May 23. Gold.— £B/19/8 per ounce, fine. Sterling exchange. London on New York. 1.97? dollars: on Paris. 73 9-10 francs: on Batavia. 7 335 florins. N.Z. Pound Abroad Based on rhe fimiro- quoted by rhe Bonk of New .'tenth Wales the New Zealand pound, ermpnred with its originnl par value, is equivalent to approximately: IG/1 in London. £1 /0/1 in Australia. IG/4J in U.S.A. 16/54 in Canada. 9/SJ in Fra nee. 9'7? in Germany. 9/7 j in Java. £l/7/10} in Japan. RAW MATERIALS Last Week’s Closing Rates By Telegraph — Press Assn.—Copyright (Received May 24, 6.30 pm.) London, May 23. Friday's closing prices for the following raw materials were ae follow, those for May 15 being shown in parentheses:— Cotton: Liverpool quotation good, American middling, spot G..i7d, a lb. (G.aGd.l: June delivery, 6.16)1. a H>(same I. Rubber: Para. 9d. a lb. (same); plantation smoked ribbed sheet, 7 3-Sd. a lb. (7 7-16(1.). Jute: May-June shipment, Indian jute. Dundee quotation, £lB/3/9 a lon (£lB IS/9). Copra : June-July shipment. South Sea to London or Rotterdam. £!2/5/- a ton (£l2/2/6); smoked. Io M:ir.~"dles or Genoa. £ll/15/- a ton (samel; plantation, Rabaul to London or Rotterdam. £l3 a ton (£l2/15/-). Linseed oil: £27 a ton (£27/10/-). Turpentine; 38/9 a cwt. (39/3).

£N.Z. to fstg.100 T.T. 124 124/10/O.D. 123/10/121/S/9 Aust ralin— £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 Fork — 3.98? Doi to £1 N.Z. T.'l. 4.021 O.D. 4.03 s 3.991 Montreal — 4.001 Doi. to £1 X.Z. T.T. 4.03s O.D. 4.04 s 4.005 Austria — Schillings to £1 20.82 N.Z. ... T.T. — O.D. — 20.84 Belgium— 23.502 Bel. to £1 N.Z. T.T. —— O.D. — 23.513 Czechoslovakia — Cr. to £1 N.Z. T.T. — 95.46 O.D. — 95.51 Denmark— 17.893 Kr. to £1 N.Z. T.T. 1S.203 O.D. 1S.263 17.903 France — Fr. to £1 N.Z. T.T. .—. 60.43 O.D. — 60.47 Germany— 9.S54 Mk. to £1 N.Z. T.T. •—. O.D. —- 9.859 Holland —■ Fl. to £1 N.Z. T.T. — 5.865 O.D. —-- 5.869 Jara — Fl. to £1 N.Z. T.T. — 5.825 O.D. — 5.829 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. 15.782 15.487 O.D. 15.842 15.497 Switzerland — Fr. to £1 N.Z. T.T. —— 12.270 O.D. —. 12.275 Noumea— Fr. to £1 N.Z. T.T. —— 59.06 O.D. Papeete— Fr. to £1 N.Z. T.T. — 59.12 — 59.21 O.D. — 59.27 Hong-Kong— N.Z. d. to 1 dollar . . T.T. ISj 201 O.D. 18 17-32 20 3-32 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. to 1 ven .... T.T. 17 21-32 O.D. — 17 41-64 Shanghai— N.Z. d. to 1 dollar . . T.T. 17 7-64 IS 31-64 O.D. 16 59-64 IS 15-32 Singapore— N.Z. d. to 1 dollar ... T.T. 34 27-64 35 31-64 0.1). 34 15-64 35 15-32 T.T. represents tele graphic transfers.

U.S.A. (peril N.Z.) Canada (peril N.Z.) Selling— dois. dols. T.T. . 3.98} 4.00} O.D. . 3.99} 4.00} Buying— O.D. . 4.033 4.054

May 22. Mav 21. Bar. X. York. dol. to ! !_ 4.97 9-16 4.96 15-10 44.866 Montreal, dol. to 4? 4.99 F 4.985 4.S66 Paris, fr. to P 75.35-Gt 75 31-G4 124.21 Brussels, bel. to £ 29 425 29.385 4S.611 Geneva, fr. to £ 15.395 15.375 •*5 oOfi Amst’dam. fl. to £ 7.3G5 7.354 12*107 Berlin, niks. to £ 12.3G 12.34 20.43 St’holm, knr. to £ 19.395 19.995 IS. 159 C’hagpn, knr. to £ 22.395 395 18.159 Oslo. knr. to p 19.99 19 905 18.159 Vienna, schgs. to £ 2G 59 2G.50 3l.5<» Prague, knr. to 119 13-16 1211 1G4.25 Hel’fors, mks. to 227 •>•>7 193 23 Madrid, pe«. to £ 36 15-32 36 15-32 037 OOX Lisbon, esc. to X” 110.125 n o. i •_>.-> iii" Milan, lire to £• 63.25 63.25 92.46 Athens, draeh. to £ *527 •526 375 Belgrade, din. io 219 219 276.31 Bucharest, lei to £ *673 •673 813.60 Rio de J., p. to mil +41 tn 5.899 B Aires, p. to peso +35 1 I-35 4 7.62 M Video, p. to peso +39} +39} 51 Calcutta. p. to rnp. 1S 1-6 IS 1-S IS Shanghai, p. to dol. 14 13-32 14 7-16 —— IT.-Kong. p. to dol. 15 19-32 15 5-8 — Y’hama p to .ven 14 1-32 14 1-32 24.58? Batavia, fl. to £ 7.315 7315 12 1117 Warsaw. zloty Io p — 26.50 43.38 official ‘Sellers