FOREIGN EXCHANGE

Dominion, Volume 29, Issue 221, 15 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.

T.T. represents telegraphic transftr.s. 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. U.S.A. Canada

Position of Sterling By Telegraph—Press Assn.—Copyright London, June 12. The following mean closing rates nn foreign exchanges wore current to-day compared with those ruling on June 11:—

tSellers, official ’Sellers. J: Par, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, June 12. Gold.—£(i/18/C>l per ounce, fine. Silver.—Gash. 19 7-8(1. per ounce: forward. 19 13-llid. London, June 13. Gold.—£ll/18/7} [)er ounce, fine. Sterling exchanges. London on New York. 5.02 11-1(1 dollars: on Paris. .76 11-32 francs; on Batavia, 7.395 florins. N.Z. Pound Abroad Based on the figures limited by the Bank of New South Wales the New Zealand pound, compared with its original par value is equivalent to approximately: 1(1/1 in London. £l/9/1 in Australia. 16/6} in U.S.A. 16/7} in Canada. 9/10} in France. 9/9} in Germany. 9/S-j in Java. £l/7/10} in Japan. RAW MATERIALS Last Week’s Closing Rates I’.v relegrnpli —Press Assn.—Copyright (Received June 14, 6.30 p.m.) London. June 13. Friday's- closing prices for the following raw materials were as follow, those for June 5 being shown in parentheses: Cotton: Liverpool quotation. good American middling, spot, 6.52 d. a lb. (6.65 d. ; July delivery, 6.32 d. a H>(6.17 d. Bobber: Bara, 9 1-Sd. a 1b._(9<1.) ; plantation smoked ribbed sheet. 7 3-Bd. a lb. '(7|d.). Jute: June-July shipment. Indian jute. Dundee quotation. £l7/5/- n ton (£l7 12/6). Copra: June-July shipment. South Sea to London or Rotterdam, £l2 a ton (same) ; smoked, to Marseilles or Genoa, £ll/10/- a ton (pame) ; plantation. Rabaul Io London or Bofterdam. £l3 a ton Linseed oil, £27/(>/- a ton (£27/10/-). Turpentine: 39/3 a cwt, (39/9) d

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. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 90/7/6 89 100 ... T.T. O.D. 90/7/6 89 New York — 4.06S Doi. to £1 N.Z. r l .1. 4.03 O.D. 4.07 j 4.031 Montreal— Doi. to £1 N.Z. r I . I. 4.074 4.04 O.D. 4.0Sj 4.04 J Austria — Schillings to £1 N Z ... T.T. 20.93 O.D. — 20.9.7 Belgium23.70S Bel. to £1 N.Z. T.'l. — O.D. —— 23.779 Czechoslovakia — Cr. to £1 N.Z. T.T. — 96.67 O.D. 96.72 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.T. — 61.12 O.D. — 61.16 Germany— 9.967 Mk. to £1 N.Z. T.T. —— O.D. — 9.972 Holland — Fl. to £1 N.Z. T.T. — 5.932 O.D. — 5.936 Java — 5.S90 Fl. to £1 N.Z. T.T. — O.D. — 5.894 Norway— 15.S93 Kr. to £1 N.Z. T.T. 16.1 S3 O.D. 10.243 15.903 Sweden — 15.49(1 Kr. to £1 N.Z. T.T. 15.7S5 O.D. 15.845 15.500 Switzerland — 12.419 Fr. to £1 N.Z. T.T. — O.D. —— 12.424 Noumea — 59.75 Fr. to £1 N.Z. T.T. . — O.D. —— 59.S1 Papeete— Fr. to £1 N.Z. T.T. .—- 59.90 O.D. — 59.96 Hong-Kong— N.Z. d. to 1 19 15-16 dollar .. T.T. IS 7-16 O.D. IS 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 J Japan— N.Z. d. to 1 yen .... T.T. 17 21-32 O.D. — 17 41-64 Shanghai— N.Z. d. to 1 IS 17-32 dollar ... T.T. 17 5-32 O.D. 16 31-32 18 33-64 Singapore.— N.Z. d. to 1 dollar . . . T.T. 34 7-16 35J O.D. 341 35 31-64

(peril N.Z.) (peril N.Z.) Selling— dels. dols. T.T. . 4.03 4.03} O.D. . 4.03} 4.04} Buying— O.D. . 4.08 4.08}

June 12. June 11. Par. X. York. dol. to £ 5.0.3 1-16 5.02 : 1:4.866 M.ontreal. dol. to £ 5.04 5.03 4.866 Paris, fr. to £ 70 27-32 ! 76 17-64 124.21 Brussels, bel. to £ 2.11755 29.71 4.8.611 Geneva, fr. to £ 15.68 15.53 Amst'dani. fl. to £ 7.445 7.4.3 12*107 Berlin, inks. to £ 12.50 12.47 20.43 St’liolm, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.3:15 18.159 Oslo, knr. . to £ 19.90 19.90 18.159 Vienna, schgs. to £ 26.75 26.75 34.585 Prague, knr. to £ 121.51) 121.375 164.25 Hel’fors, mks. to-£ 227 227 193.23 Madrid, pes. to £ 36.875 36 13-16 Lisbon, esc to £ 110.125 110.125 HO Milan, lire to' £ 63.875 63.75 92.46 Athens, dracli. to £ •533 *53.3 375 Belgrade, din. to £ 221 276.31 Bucharest, lei to £ •677 *1176 813.60 Rio de J., p. to mil +41 + 11 5.S99 B Aires, p. to peso +35 t.»5 47-62 M. Video, p. to peso +38} +38 7-8 51 Calcutta, p. to rttp. 18 1-8 18 1-" is Shanghai, p. to dol. 1413-32 14 13-32 — II.-Kong, p. to dol. 15 7-16 15 7-16 —■ Y'hatna, p. to yen 14 1-16 14 5-64 24.582 Batavia, fl. to £ 7.395 7.385 12.107