FOREIGN EXCHANGE

Dominion, Volume 29, Issue 216, 9 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 yesterday:— New Zealand Buying. Selling. on London —

O.D. 34 15-G4 35 15-32 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 yesterday on a New Zealand currency basis. They are subject to alteration without notice.

Position of Sterling By Telegraph—Press Assn.—Copyright London, June 6. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on June s:—

(Sellers, official. •Sellers. tPar, 8.2,3 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, June 6. Gold.—£6/18/9 per ounce, fine. Silver.—Cash. 20d. per ounce; forward, 20d. N.Z. Pound Abroad Based on the 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. 16/6 in U.S.A. 16/6$ in Canada. 9/10 in France. 9/8$ in Germany. 9/8$ in Java. £l/7/9$ in Japan,

£N.Z. to fstg.100 T.T. 124 O.D. 124/10/121/8/9 Australia — £A to £N.Z. 100/10/. 100 ... T.T. 101 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 — 4.01 J Doi. to £1 N.Z. T.T. 4.0.>} O.D. 4.062 4.02} Montreal — 4.03} Doi. to £1 N.Z. T.T. 4.06} O.D. 4.08 4.03} Austria— Schillings to £1 20-.97 N.Z. ... T.T. — O.D. — 20.99 Belgium— 23.695 Bel. to £1 N.Z. T.T. — O.D. — 23.706 Czechoslovakia — 96.67 Cr. to £1 N.Z. T.T. — O.D. — 96.72 Denmark— Kr. to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 France — 60.99 Fr. to £1 N.Z. T.T. — O.D. — 61.03 Germany— 9.930 Mk. to £1 N.Z. T.T. — O.D. — 9.935 Holland— Fl. to £1 N.Z. T.T. — 5.916 O.D. — 5.920 Java — Fl. to £1 N.Z. T.T. — 5.882 O.D. — 5.886 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. 15.785 15.490 O.D. 15.845 15.500 Switzerland — Fr. to £1 N.Z. T.T. — 12.379 O.D. — 12.384 Noumea — Fr. to £1 NZ.. T.T. — 59.62 O.D. — 59.68 Papeete— Fr. to £1 N.Z. T.T. — 59.77 O.D. — 59.83 Hong-Kong— N.Z. d. to 1 dollar .. T.T. 18 7-16 19 15-16 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. d. to 1 rupee .. T.T. 22 9-64 22 57-64 O.D. 22 3-64 22} Japan— N.Z. d. to 1 yen .... T.T. — 17 45-64 O.D. — 17 11-16 Shanghai— N.Z. d. to 1 dollar ... T.T. 17 7-64 18 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

U.S.A. (peril N.Z.) Canada (per £1 N.Z.) Selling—■ dels. dols. T.T. . 4.01 J 4.03 O.D. . 4.02 i 4.03J Buying— O.D. . 4,06? 4.08

.Tune 6. .Tune 5. Par. N. York, dol. to i 5.01-5-8 5.0111-16 44.866 Montreal, dol. to £ 5.03 5.075 4.866 Parts, fr. to £ 76 15-64 76 13-64 124.21 Brussels,' bel. to £ 29.07 29.66 48.611 Geneva, fr. to £ 15.535 15.53 7-8 25.225 Amst’dam. fl. to £ 7.425 7.415 12.107 Berlin, inks, to £ 12.45 12.455 20.43 St’holm, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18,159 Oslo. knr. to E 19.90 19.90 18.159 Vienna, sehgs, to £ 26.75 20.75 34.585 Prague, knr. to £ 121.50 121.625 104.25 Hel’fors. niks. to 227 227 193.23 Madrid, pes. to £ 36 25-32 3613-16 25.225 Lisbon, esc. to £ 110.125 110.125 no” Milan, lire to £ 63.875 63.875 92.40 Athens, drach. to Belgrade, din. to £ •535 •.535 375 £ 221 221 276.31 Bucharest, lei to £ *677 ♦677 813.60 Rio de J., p. to mil ■ 44} tlf 5.899 B Aires, p. to peso 435 435 47.62 M. Video, p. to peso 4381 138} 51 Calcutta, p. to rup. 18 1-8 18 1-8 18 Shanghai, p. to dol. 14 21-32 1413-32 —. H.-Kong, p. to dol. 15 7-16 15 3-8 —- Y’hama, p. to yen 14 3-32 14 3-32 24.582 Batavia, fl. to £ 7.305 7.41 12.107