FOREIGN EXCHANGE

Dominion, Volume 29, Issue 208, 30 May 1936, Page 14

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES ' The Bank of New South Wales, Wel-lin-ton, quoted the following rates for their purchases and sales of foreign exchange yesterday :

T.T. represents telegraphic transfers. O.D. represents on demand transaction':. . Tile above rales 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 Now Zealand currency basis. They are subject to alteration without notice.

Position of Sterling By Telegraph—Press Assn.—Copyright. London, May 28. The following mean closing rates on foreign exchanges were current tu-rlay compared with those ruling on May 27:—

tSollers. official ’Sellers. tPar. 8.23 <3l-32 since dollar devaluation on February 1. 1934. Gold and Silver. London, May 28. Gold. — eq/in/fi per ounce, fine. Silver. —Cash. 19 15-16 d. per ounce: forward. 19 15-Ifid. N.Z. Pound Abroad Based on rhe figures quoted by the Bank of New South Wales the New Zealand pound, compared with its original par value, is equivalent to approximately: 16/1 in London. £l/0/1 in Australia. 16/5} in U.S.A. 16/6 in Canada. 9/9 in France. 9/S : n Germany. 9/8 in Java. £l/7/9} in Japan.

New Zealand Buying. Selling. on London — £N.Z. to £stg.lOO T.T. O.D. 124 124/10/121/8/9 Australia — £A to £N.Z. 100 ... T.T. O.D. 101 100/10/101 100/10/Fiji— „ £F. to £N-Z. 90/7/0 89 100 ... T.T. O.D. 00/7/0 89 New York —_ Doi to £ 1 N.Z, T. 1. 4.04 4.008 O.D. 4.05} 4.005 Montreal — Pol. to £1 N.Z. 1.1. 4.045 4.00J O.D. 4.051 4.01J Austria — Schillings to £1 N.Z. • • ■ T.T. O.D. 20.97 — 20.99 Belgium— 23.591 23.602 Bel. to £1 N.Z. 1. 1. O.D. — . Czechoslovakia — Cr. to £1 N.Z. '1 .T. — 96.02 O.D. — 96.07 Denmark — 18.203 17.893 Kr to £1 N.Z. T.T. O.D. 18.263 17.903 France — Fr to £1 N.Z. T. 1. — 60.64 O.D. — 60.68 Germany — 9.902 Mk. to £1 N.Z. T.T. •—• O.D. — 9.907 Holland — Fl. to £1 N.Z. T.T. —— 5.S92 5.S96 O.D. — Java — 5.850 5.854 Fl. to £1 N.Z. T.T, O.D. — Norway— 15.893 Kr. to £1 N.Z. T.T. 16.183 O.D. 16.243 15.903 Sweden — 15.487 Kr. to £1 N.Z. T.T. 15.782 O.D. 15.842 15.497 Switzerland — 12.319 Fr. to £1 N.Z. T.T. .—. O.D. — 12.324 Noumea— Fr. to £1 N.Z. T.T. .— 59.27 O.D. — 59.33 Papeete— 59.42 Fr. Io £1 N.Z. T.T. — O.D. — 59.48 Hong-Kong— N.Z. d. to 1 dollar .. T.T. 1S| 201 O.D. IS 17-32 20 3-32 India and Ceylon — N.Z. <1. to 1 rupee .. T.T. 22 0-64 ' 22 57-64 O.D. 22 3-04 22} Japan— N.Z. rl. to 1 ven .... T.T. .— 17 47-64 O.D. .— 17 23-32 Shanghai— N.Z. d. to 1 dollar .. T.T. 17 5-32 IS 17-32 O.D. 16 31-32 18 33-64 Singapore— ‘ N.Z. d.to 1 dollar ... T.T. 31 27-04 35 31-64 O.D. 34 15-64 35 15-32

U.S.A. (per £1 N.Z.) Canada (per £1 N.Z.) Sellin? — Hols. dols. T.T. . 4.003 4.00 J O.D. . 4.005 4.01? Buying— o.n. . 4.05? 4.051

Mav 28. Mav 27. Par. N. York. dol. Io £ 4.99} 4.98} 44.866 Montreal, dol. to A. 4.99 7-8 4.99 1-8 4.896 Paris, fr. Io (• 75 53-04 75 43-04 124.21 Brussels, bel. to £ 29.53 29.475 48.611 Geneva, fr. to £ 15.455 15.425 2.».22a Amsl'dnni. fl. to 7.395 7.375 12.107 Berlin, inks. to £ 12.41 12.38 20.13 St'holm, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to p 22.395 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, sehgs. to 20.50 20.50 34.5.85 Prague. knr. to £ 120.50 120.375 194.25 Hel’fors. inks, to A_ •>•>7 • )O" 193.23 Madrid, pes. to £' 36 19-If. 39 17-32 25.225 Lisbon, esc. to £ 119.125 119.125 110 Mi la'll, lire to £ 93.375 93.375 92.46 Athens, drach. to £ *529 *528 375 Belgrade, din. to 4“ 219 219 279.31 Bucharest, lei to 1* *671 *674 813.99 Rio de J., p. to mil 741 tn 5.S93 Il Aires, p. to peso 435 435 • 47.62 M. Video, p. to.peso 439 1-8 439 1-8 51 Calcutta, p. to rup. IS 1 -8 IS 1 -8 IS Shanghai, n. to < ol. 14 7-19 14 7-19 — H.-Kong. n. to dol. 15 9-19 15 9-19 — Y’hania. p. to p fl 14 3 - 32 14 3-32 24-582 Batavia, fl. to X. 7.345 7.333 12.107 Warsaw, zloty to £ 20.50 — 43.38