FOREIGN EXCHANGE

Dominion, Volume 29, Issue 253, 22 July 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 —

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, July 20. The following mean closing rates on foreign exchanges were current to-day compared with those ruling ou July 18: —

London, J uly 20. Gold.—£6/18/7 per ounce, tine. Silver. —Cash, lit 5-Sd. per ounce; forward, 10 11-16 d. 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 16/6J in U.S.A. 16/7 in Canada. 9/9+ in France. 9/9 in Germany. 9/8 in Java. £l/7/114 in Japan. DAIRY PRODUCE FIRM N.Z. Butter Selling Up to 119/Joseph Nathan and Co., Ltd., have received from their principals, Trengrouse and Nathan Ltd., London, the following cabled advice, dated July 20: —New Zealand butter, 118/- to 119/- per cwt. New Zealand cheese, white, f»3/- per cwt.: coloured, 62/-.

Base Metals Market Bv Telegraph—Press Assn.—Cony right. (Received July 21, 9.15 p.m.) London, July 20. The official Loudon (middle; quotations for Monday, us reported by . the Australian Mines and Metals Association com pare witli those previously cabled ns fol-

EN.Z. to fstg.100 T.T 124 O.D 124/10/124/8/9 Australia — £A to £N.Z 100 ... T.T. 101 100/10/O.D 101 100/10/Fiji— £F. to EN.Z. 100 ... T.T. 90/7/0 O.D 90/7/0 89 89 New York— Doi. to £1 N.Z ; T.T. 4.001 O.D. ' 4.08 4.03 It 4.031 Montreal - Doi, to £1 N.Z ;. T.T. 4.06} O.D. 4.0SJ 4.0351 4.03} Austria— Schillings to tl 20.97 N .Za • • • O.D. — 20.99 BelgiumBel. to £1 N.Z. T.T. — O.D. — 23.785 23.790 Czeeiioslova kinCr. to £1 N.Z. T.T. — O.D. — 90.43 96.4S N.Z. T.T. 18.203 17.893 O.D. 18.203 17.903 France — T.T. — O.D. — Fr. to £1 N.Z. 00.77 00.81 Germany— Mk. to £1 N.Z. T.T. — 9.950 . O.D. — 9.955 Holland — T.T. — Fl. to £1 N.Z. 5.8S4 O.D. — 5.888 Java5.850 Fl. to £1 N.Z. T.T. — O.D. — 5.854 Norway— Kr tn £1 N.Z. T.T. 16.1S3 15.893 O.D. 10.243 15.903 Sweden— 15.490 Kr. to £1 N.Z. T.T. IS.foo O.D. 15.845 15.500 Switzerland — Fr. to £1 N.Z. T.T. — 12.254 O.D. — 12.259 Noumea — 59.40 Fr. to £1 N.Z. T.T. — O.D. — 59.40 Papeete— Fr. to £1 N.Z. T.T. — O.D. — 59.55 59.01 Hong-Kong— N.Z. d. to 1 19 15-16 dollar .. T.T. 18 7-10 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. d. to 1 22 57-64 rupee T.T. 22 9-64 O.D. 22 3-64 22J Japan— N.Z. d. to 1 17 19-32 yen .... T.T. — O.D. — 17 37-04 Shanghai— N.Z. d. to 1 dollar .... T.T. 17 7-64 18 31-64 O.D. 16 59-64 18 15-32 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. Canada Selling— dels. dols. (perflN.Z.) (perflN.Z.) T.T. . 4.03J 4.031 O.D. . 4.031 4.03J Buying— O.D. . 4.081 4.08J

July 20. July 18. Par. N. York. dol. to £ 5.03} 5.03 ±4.866 Montreal, dol. to £ 5.03 3-8 5.03} 4.866 Paris, fr. to £ 75 63-64 75 57-64 124.21 Brussels, bel. to £ 26.775 29.745 48.011 Geneva, fr. to £ 15.375 15.36 25.225 Amst’dam, fl. to £ 7.39 7.38} 12.46 12.107 Berlin, inks, to £ 12.475 20.43 St’holm, frnr. to £ 19.393 19.393 18.139 C’hagen, knr. to £ 22.393 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 26.75 26.75 34.583 Prague, knr. to £ 121.25 121 164.25 H el’tors. inks, to £ 1'1« •>•>7 193.23 Madrid, pes. to £ 30.75 36 21-32 25.225 Uslinu esc to £ 110.125 110.125 lio" Milan, lire to £ (13.625 03.625 02.46 Athens, drach. to £ •528 •528 375 Bucharest, lei to £ •675 *675 813.60 Belgrade, din. to £ 219 219 276.31 Bio de J., p. to mil. W 744 5.S99 B Aires, p. to peso 135 f34 47 02 M. Video, p. to peso 730 739 51 Calcutta, p. to run. IS 1 -8 18 1-8 18 Shanghai, p. to dol. 14 3-S 14 7-16 —— H.-Kong. p. to dol 15 7-16 15 7-16 — Y’haina, 0. to yen 1+ 1-32 14 1-32 24.582 Batavia, fl. to £ tSellers. official 7.355 •Sellers 7.345 12.107 JPar, 823 31-32 since dollar devaluation on February 1. 1934. Gold and Silver.

lows •— July 10. Per ton July 20 Per ion f’onper S. <1 ~ s. d Standard, spot . .. 37 i 3 37 11 10* Ditto, forward . .. 37 6 HU 37 18 Ij Electrolytic .. 41 2 0 41 10 0 Wire bars .... to 41 7 ft .. 41 7 6 42 0 0 42 0 0 I.eadSpot .. 15 10 0 10 2 0 Forward .. 15 15 0 10 5 0 Spelter— Spot Forward .. 13 8 9 .. 13 13 9 13 13 » 13 18 9 rm fSpot .. 189 15 0 191 5 0 Forward ...... .. 184 17 (1 187 15 0 Silver— Standard, per oz. Fine tAinerican, . 11) ll-10d. . 21jd. 44.25 cents a 19 5-Sd. 21 13-lGd. lb.