FOREIGN EXCHANGE

Dominion, Volume 29, Issue 254, 23 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.

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

fPar, 823 31-32 since dollar devaluation on February 1. 1934 Gold and Sliver. London, July 21. Gold.—£6/18/8 per ounce, fine. Silver.—Cash, 19 11-16 d. per ounce; forward, 19 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 16/6} in U.S.A. 16/6$ in Canada, 9/9} in France. 9/9 in Germany. 9/8 in Java, £l/7/11} m Japan. DAIRY PRODUCE MARKETS N.Z. Butter Quiet at 118/A. 11. Turnbull and Co., Ltd., have received the following cable from their principals. W. Weddel and Co., Ltd., dated London. July 21:—Markets quiet. Butter: Danish, 127/-. New Zealand finest, 118/-. Kangaroo finest, 117/-. Cheese: New Zealand, white, 63/-; coloured, 62/-. The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report dated London July 21 is as follows: —Butter market steady. New Zealand, 118/-. Danish, 127/-. Cheese market steady. New Zealand, white, 62/6 to 63/-; coloured, 61/6 to 62/-. AUCTION DIARY TO-DAY.' Totara Poultries. Gibbons Rd., Upper Hutt, 10.45 a.m.—Poultry plant and equipment At the Homestead, South Featherston, 11 a.m. —Clearing sale a/c. Mr. G. C. Dodson (N.Z. Farmers’ Distributing Co.). TO-MORROW. On the New Art Gallery and Museum Site, 10.30 a.m.—3o.oooft. timber (Dunbar Sloane). Carterton Sale, 11.30 a.m.—Mixed stock (Wright. Stephenson). SATURDAY. At the Auction Rooms, Devonport Rd., Tauranga, 12.80 P-im—Tauranga citrus term (J. L. McCtfffougU and Co.).

on London — £N.Z. to 124/10/fstg.lOO T.T. 124 O.D. 123/10/124/8/9 Australia — £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 New Sork— Doi. to £1 N.Z. T.T. 4.06ft 4.02ft O.D. 4.07| 4.03ft Montreal— Doi. to £1 N.Z. T.T. 4.06ft 4.03ft O.D. 4.07ft 4.03ft Austria — Schillings to £1 N.Z. ... T.T. 20.97 O.D. —• 20.99 Belgium— Bel. to £1 N.Z. T.T. 23.764 O.D. 23.775 Czechoslovakia — Or. to £1 N.Z. T.T. 96.34 O.D. — 96.39 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. 60.69 O.D. — 60.73 Germany— Mk. to £1 N.Z. T.T. 9.946 O.D. 9.951 Holland— Fl. to £1 N.Z. T.T. 5.884 O.D. —— 5.888 Java— Fl. to £1 N.Z. T.T. 5.850 O.D. —— 5.854 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. —— 12.244 O.D. — 12.249 Noumea— Fr. to £1 N.Z. T.T. 59.32 O.D. — 59.38 Papeete— Fr. to £1 N.Z. T.T. . 59.47 O.D. — 59.53 Hong-Kong— N.Z. <1. 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 22ft Japan— N.Z. cl. to 1 yen .... T.T. 17 19-32 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

Selling— U.S.A. Canada dols. dols. (perflN.Z.) (perflN.Z.) T.T. . 4.02$ 4.03J O.D. . 4-033 4.03$ Buying— O.D. . 4.073 4.07$

N. York, dol. Io £ July 21. July 20. 5.02'13-16 5.033 Par. 74.8(16 Montreal, dol. to £ 5.03 5.03 3-8 4.806 Paris, fr. to £ 75 57-01 75 63-04 124.21 Brussels, bel, to £ 29.75 29.775 48.611 Geneva, fr. to £ Amst'dam. fl. to £ 15.30 15.375 25.225 7.38} 12.465 7.39 12.107 Berlin, inks, to £ 12.475 20.43 St’holm, knr. to £ 19.395 19.395 18.159 C'liagen, knr. to £ 22.395 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, sehgs. to £ 26.75 20.75 34.583 Prague, knr. to £ 121.125 121.25 164.25 Hel’fors, inks, to £ 227 227 193.23 Madrid, pes. to £ 36.75 36.75 25.225 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ Athens, drach. to £ 63.625 63.625 92.46 *528 *528 375 Bucharest, lei to £ Belgrade, din. to £ *675 •675 813.60 219 219 276.31 Rio de J., p. to mil. 74} 74} 5.899 B. Aires, p. to peso 735 47.62 M. Video, p. to peso 739 739 51 Calcutta, p. to rup. IS 1-8 181-8 18 Shanghai, p. to tloh 14 3-8 14 3-8 H.-Kong. p. to dol. 15 7-10 15 7-16 Y’hamn, p. to yon 14 1-64 14 1-32 24.582 Batavih, fl. to £ tSellers. official 7.345 ‘Sellers 7.355 12.107