FOREIGN EXCHANGE

Dominion, Volume 29, Issue 223, 17 June 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 yesterday:

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. T.lhklou, June 15. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on .lune 13:—

Gold and Silver. London. June 15. Gold. — £6/18/9 per ounce, fine. Silver.—Cash, 19 7-Bd. per ounce: for. ward. 19 7-8(1. N.Z. Pound Abroad Based on the figures quoted by the Bank of Now 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. 16/7 in U.S.A. 16/74 in Canada. 9/10} in France. 9/9 in Gernianv. 9/84 in Java. £l/7/10} in Japan. Base Metals Market By Telegraph—Press Assn.—Copyright (Received Juno 16. 9 p.m.) London, Juno .15. riu- official Loudon (middle) qtiotaihue for Monday, as reported |>y the Australian .Mines autl Metals Association, emu.

New Zealand on Buying. Selling. London — -£N.Z. to fstg.100 T.T. 1’24 124/10/0.1). 123/10/124/8/9 Australia — £A to £N.Z. 100 ... T.'l’. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 100 ... T.'l’. 90/7/0 S9 0.1). 90/7/6 89 New York — 4.078 4.031 Doi. to £1 N.Z. T.T. O.D. 4.08a 4.04 J Montreal — Doi. to £1 N.Z. T.T. 4.08 4.04 } O.D. 4.094 4.05 Austria — Schillings to £1 N.Z. . . . T.'l’. 21.02 O.D. — 21.04 Belgium— Bel. to £1 N.Z. TT. 23.770 O.D. — 23.7S7 Cze< Jioslova kin—■ Cr. to £1 N.Z. T.T. 90.75 O.D — 90.80 Denina rk— Kr. to £1 N.Z. T.T. 18.203 17.S93 O.D. 18.263 17.903 France— Fr to £1 N.Z. T.'l’. 01.10 O.D. — 01.20 Germany— Mk. to £1 N.Z. T.'l’. • 9.960 O.D. — 9.971 Holland— . r >'.930 Fl. to £1 N.Z. T.T. — O.D. — 5.934 da va— Fl. to £1 N.Z. T.T. 5.SS2 O.D. — 5.SS6 Norway— Kr, to £1 N.Z. T.'l’. 1G.183 15.893 O.D. 1G.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. 12.411 . O.D. — 12.416 Noumea— Fr. to £1 N.Z. T.T. 59.79 O.D. — 59.85 Papeete— Fr. to £1 N.Z. T.'l’. 50.94 O.D. —— 60.00 Hong-Kong— N.Z. d. to 1 dollar ... T.T. 18 25-64 19 57-64 J O.D. Indill and Ceylon—• N.Z. d. to 1’ rupee . . 'I’.T. 18 19-G4 19 55-64 22 9-G4 22 57-64 O.D. 22 3-G4 22J Japan— N.Z. d. to 1 yen .... 'I’.T. 17 21-32 O.D. —_ 17 41-64 Shanghai— N.Z. d. to 1 dollar ... T.'l’. 17 5-32 18 17-32 O.D. 10 31-32 18 33-64 Singapore— N.Z. d. to 1 dollar ... T.'l’. 34 7-10 354 O.D. 34J 35 31-64

U.S.A. Un nada Selling— dols. dols. (peril. N.Z.) (peril N.Z.) T.T. . 4.033 4.04| O.D. . Buying— 4.04} 4.05 O.D. . ...... 4.08J 4.09 i

.Tune 15. June 13. Pa r. X. York. dol. io Montreal, dol. to £ 5.03} 5.02 11-1014.800 £ 5.04} 5.035 4.800 Paris, fr. to 42 70 29-04 70 23-04 124.21 'Brussels, bel. to £ 29.77 211.71 48.011 Geneva, fr. tn £ 15.57 15.511 Anist’dam. fl. to 7.44} 7.43} 12407 Berlin, inks, to £ 12.4!) 12.47 20.4.3 St'holni, knr. to £ 19.395 19.31)5 18.159 C’hagen, knr. to £ 22 395 22 395 18.159 Oslo. knr. to £ 19.90 iii.'oo 18.159 Vienna, sehge. to Prague, knr. to £ 20.75 20.75 34.585 £ 121.75 121.50 104.25 Hel'fors. inks, to £ 227 227 193.23 Madrid, pes. to £ 30 57-04 30 55-04 25.225 Lisbon esc. to X* 110.125 110.125 110 Milan, lire to X* (21 15-10 03 15-10 92.4(1 Athens, draeh. to £ *530 *534 111 Belgrade, din. to £ ooo ooo •270.31 Bucharest, lei lo i 1 ♦078 *078 813.00 Bio de J . p. to I mil 14} 44} 5.899 B Aires, p. to peso +35 +35 47.(12 AL Video, p. to peso |3S 11-10+38} 51 Calcutta. p. to rup. 181-8 181-8 18 Shanghai, p. to dol. IT.-Kong, p. to dol. 1413-32 14 7-10 —— 15 7-10 15 7-1(1 — Y’hania. p. to ven 14 5-04 14 5-04 24. Batavia, fl. to £ 7.395 7.395 12.107 tSellers. official. •Sellers. tPar, 8.23 31-32 since dollar devaluation on February 1, ' 1934.

pare with those previously cabled ns follow J line 12. June 15. Per ton. Per ton. Copper— V k. (1. C 8 d Standard, spot ... 3l» o 71 tut I -n Ditto, forward ... till 11 3 311 10 0 Electrolytic Ill •> 11 HI 2 G to 40 1'-' <! 40 12 (1 Wire bars 40 1- •> 40 12 (1 Lend— Spot 1-> 3 15 0 0 forward !•> 7 <> l.i 3 0 Spelter Spot Il 0 (I 13 15 0 forward 11 ■> 0 14 0 0 fSpot 1 s '» 12 G 1S1 7 (1 Tor ward ........ 1*3 7 G 17'J 2 G Standard, per oz. . I!i7-sd. P.l 7-Nd. fine 31 7-llld. 21 7-llid. tAniericau, -11.50 cents a lb.