FOREIGN EXCHANGE

Dominion, Volume 29, Issue 209, 1 June 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 on Saturday : — New Zealand Buying. Selling. on

T.T. represents telegraphic transfers. 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 on Saturday on a New Zealand currency basis. They are subject to alteration without notice.

Position of Sterling Bv Telegraph—Press Assn.—Copyright. London. May 29. The following mean closing rates on foreign exchanges were current t"-day compared with those ruling on May 28:—

tPar. 8.23 31-32 since dollar devaluation on February 1. 1934 Gold .and Silver. London, May 29. Gold.— CG/19/31 per ounce, fine. Silver.—Cash. *l9 7-Sd. per ounce: forward. 19 15-IGd. London, May 36. Gold.—C 6/19/3. Sterling exchange, London on Now York, 5.00 dollars, on Paris 75 15-16 francs, on Batavia. 7.365 florins. N.Z. Pound Abroad Based on Hi? figure- quoted by the Bank of Now .-onth Wales the New Zea land pound. -< mpnrerl with its original liar value is ■■onivelont to approximately: 16/1 in London. £l/0/1 in Australia 16/54 in T’.S.A. 16/5J in Canada. 9/9J in France. 9/Si in Germany. 9/8 in Java. £l/7/9] in Japan. Base Metals Market By Telegraph — Presjs Assn.—<’opyrigln (Received May 31. 6.30 p.m.) • London May 29 I’ll” official London (middle) <iin»iaiions for Friday, as reported by the Aus tralian Mlm*s and Metals Association 'om pare with those previously »»nblo(< •!- fol low f—

Prices of Other Metals. To-day’s quo!at ions for other metals, with those of May 15 in parentheses, are as follow: — Pig-iron : Home trade. £3/1(1/ • a ton tsamei: export. £.3/10/- a ton (same). Antimony: British. £67 a ton tsamejforeign. £ 11/10/- a lon (not quoted). Molybdenite: .3tj/G a Unit (same). Wolfram: .32/6 a unit (X3/3). Osmiridium: £9 to £lO an ounce (same).

London— £N.Z. to £stg.l()0 T.T. 124 124/10/O.D. 123/10/- 121/8/9 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 Now York — Doi. to £1 N.Z. T.T. 4.04 J 4.004 O.D. 4.051 4-001 Montreal — Doi, to £1 N.Z. T.T. 4.04 ; | 4.01} 4.00 4|01l O.D. Austria — Schillings to £1 N.Z. ... T.T. — 20.97 O.D. — 20.99 BelgiumBel. to £1 N.Z. T.T. — 23.615 O.D. — 23.626 Czechoslovakia — Cr. to £1 N.Z. T.T. — 96.02 O.D. — 96.07 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. — 60.74 O.D. — 60.78 Germa nr — Mk. to £1 N.Z. T.T. — 9.91-I O.D. — 9.919 Holland— Fl. tn £1 N.Z. T.T. — 5.S97 O.D. — 5.901 Java — Fl. to £1 N.Z. T.T. — 5.S45 O.D. — 5.S49 Norway— Kr. to £1 N.Z. T.T. 16.183 15.S93 O.D. 16.243 15.903 Sweden— Kr. to £1 N.Z. T.T. 15.7R2 15.487 O.D. 15.842 15.497 Switzerland— Fr. to £1 N.Z. T.T. — 12.339 O.D. — 12.344 Noumea — Fr. to £1 N.Z. T.T. — 59.37 O.D. — 59.43 Papeete— Fr. to £1 N.Z. T.T. — 59.52 O.D. — 59.5.8 Hong-Kong— N.Z. d. to 1 dollar .. T.T. IS? 201 O.D. IS 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 yen .... 'I'.T. — 17 45414 O.D. — 17 11-16 Shanghai— N.Z. d. to 1 dollar .. T.T. 17 5-32 IS 17-32 O.D. 16 31-32 IS 33-64 Singapore— N.Z. d. to 1 dollar ... T.T. 34 27-64 35 31-64 O.D. 34 15-64 35 15-32

U.S.A. (peril N.Z.) Cnnatln (peril N.Z.) Sellin? — <lols. finis. . T.T. . 4.001 4.01 O.D. . 4.01 4.01 i Buying—O.D. . 4.05} 4.00

Ma v 29. May 28. Pa r. X. York. dol. to £ 4.99 15IB I.'.HU tl.Rflfi Montreal, dol. to £ 5.00} 4.99 7-8 4.866 Paris, fr. to £ 75 59-61 75 53-61 121.21 Brussels, bel. to £ 2«i 29.53 4S.611 Geneva. fr. to £ 15.4.8 15.455 •>", Anwt’dam, fl. to £ 7.401 7.395 12'107 Berlin, mks. to £ 12.425 12.41 20.43 St’holm, knr. to £ 19.395 19.395 18.159 C’hagen. knr. to £ .?fri 22.395 18.159 Oslo. knr. to £ 19.90 19’90 18 159 Vienna, srhgs. to £ 26.75 26.50 34.5S5 Prague, knr. to £ 120.75 120.50 164.25 Hel’fors. mks. to £ 0.17 •!•>- 193.23 Madrid, pes. to £ 36 19-32 36 19-32 05 oo-, Lisbon esc. to £ 110 125 110 125 no" Milan, lire to £ 63 375 63.375 9? J 6 Athens, draeh. to £ *531 ♦ 5‘ , 9 375 Belgrade, din. to £ •>•>(j 219 276.31 Bucharest, lei to £ *677 •674 <813.60 Rio de J., p. to mil • n ■' 1 1 5.S99 B Aires, p. to peso 135 i '•o-. 47.62 M.-Video, p. to peso 439 v39 1-S 51 Calcutta, p. to run. 1.8 1-8 IS 1.x 18 Shanghai, p. to dol. 14 13-32 14 7-16 __ H.-Kong. p. to dol. 15 17-32 15 9-16 Y'hania, p. to yen 14 3-32 14 3-32 21 .ts2 Batavia. fl. to * £ 7.36 7.365 12.107 Warsaw, zloty to £ 26.56 43.3S tSellers. official •Sellers

May 2S. May 29. for ton I’epper <i •» 11 < • 1 Standard. snot . . .*’.<► 10 7 i '>li 12 tj Ditto, forward ... .‘Ml 15 7 A -’l» 17 Electrolytic 10 10 11 10 10 0 Io 11 0 0 11 0 0 W ire bars ........ 11 o (I 11 0 () 1 end S|>..l 15 S i) 15 1 1 3 Forward 15 10 (I 15 11 Speller Snot 14 7 ,; 14 < 0 Forward 14 11 3 14 £ 9 I inSpol ISIS - I, 195 13 9 !■ or ward 19.3 IS • i 191 0 Sliver - Standard, per oz. . 19 15-16d. 19 7 8d. Fine 21 Ad. 21 7 Hid.