FOREIGN EXCHANGE

Dominion, Volume 29, Issue 257, 27 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 on Saturday:— New Zealand Buying. Selling. on

Tlie 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.

Position of Sterling By Telegraph—-Press Assn.—Copyright. London, July 24. The following meau closing rates on foreign exchanges were current to-day compared with those ruling on July 23:—

tPar, 823 31-32 since dollar devaluation on February 1, 1934. Gold and Silver, London. July 24. Gold.— £6/18/10$ per ounce, fine. Silver.—Cash, 19 5-Bd. per ounce; forward, 19 5-Bd. London, July 25. Gold.—£6/18/10$ per ounce, fine. Sterling exchange London on New York, 5.01 7-8 dollars, on Paris, 75 29-32 francs, on Batavia, 7.35 florins.

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. 9/7} in Java. £l/7/11} in Japan. Base Metals Market Bv Telegraph—Press Assn.—Copyrign* (Received July 26, G. 30 p.m.) London, July 24. The official London (middle; quotations for Friday as reported by the Australian Mines and Metals Association <*uu« pare with those previously cabled as fol

Prices of Other Metals. To-day’s quotations for other metals, with those of July 10 in parentheses, are as follows:— Pig-iron: Home trade. £3/12/6 a ton (same): export. £3/12/6 a ton (same). Antimony: British. £64/15/- a ton (£67): foreign. £4l a ton (£4O/10/-). Molybdenite: 36/6 a unit (same). Wolfram: 27/- a unit (27/3). Osmirdium; £l4 to £l5 an ounce (£ll to £l2).

London — £N.Z. to £sts.lOO T.T. 124/10/124/8/9 O.D. 123/10/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 York — Doi. to £1 N.Z. T.T. 4.05} 4.02} O.D. 4.07 4.021 Montreal— Doi. to £1 N.Z. T.T. 4.05 2 4.021 O.D. 4.07 4.02J AustriaSchillings to £1 N.Z. ... T.T. — 20.93 O.D. — 20.95 BelgiumBel. to £1 N.Z. T.T. . 23.7b.) O.D. —— 23.776 Czechoslovakia — Cr. to £1 N.Z. T.T. — 0(1.34 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. — 60.71 O.D. — 60.75 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. — 5.841 O.D. — 5.845 Norway— Kr. to £1 N.Z. T.T. 16.181 15.891 O.D. 16.241 15.901 Sweden— Kr. to £1 N.Z. T.T. 35.785 15.490 O.D. 15.845 15 500 Switzerland— Fr. to £1 N.Z. T.T. — 12.234 O.D. — 12.239 Noumea— Fr. to £1 N.Z. T.T. — 59.34 O.D. — 59.40 Papeete— Fr. to £1 N.Z. T.T. 59.49 O.D. — 59.55 EIong-Kong— N.Z. d. to 1 dollar .. T.T. 18 3-64 19 35-64 O.D. 17 61-64 19 33-64 India and Ceylon— N.Z. d. to 1 rupee .. T.T. 22 9-64 22 57-64 224 O.D. 22 3-64 Japan— N.Z. d. to 1 yen .... T.T. —— 17 19-32 O.D. —— 17 37-64 Shanghai— N.Z. d. to 1 dollar . .1 T.T. 17 5-32 18 17-32 O.D. 16 31-32 IS 33-64 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— dole. dole. (peril N.Z.) (peril N.Z.) T.T. . 4.021 4.021 O.D. . 4.02} 4.02J Buying— O.D. . 4.071 4.07

X. York. dol. to £ 5 Montreal, dol. to £ July 24. July 23. Pa r. .01 9-16 5 .0115-16 14.866 5.015-8 5.021 4.866 Paris, fr. to £ 75 29-32 75 59-64 124.21 Brussels, bel. to £ Geneva, fr. to £ Amst'dam, fl. to £ 29.755 29.745 48.611 1 .i 3. * 15.351 25 225 7.385 7.38} 12.107 Berlin, mks. to £ St'holm, knr. to £ 12.47 12.47 20.43 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.393 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 211.75 4 •• 34.583 Prague, knr. to £ 121 121 164.25 Hel’fors, mks. to £ 22 i -2 4 193.23 Madrid, pes. to £ 3(5.625 36 21-32 25.225 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ G3.G25 63.625 92.46 Athens, drach. to £ *528 •528 375 Bucharest, iel to £ •675 *675 813.00 Belgrade, din. to £ 219 219 276.31 Rio de J., p. to mil. +41 tu 5.899 B. Aireg, p. to peso t35 t39 435 47.62 M. Video, p. to peso +39 51 Calcutta, p. to rup. 18 1-8 18 1-8 18 Shanghai, p. to dol. 14 13-32 14 3-8 H.-Kong, p. to dol. 151-16 15 3-32 Y’hama, p. to yen 14 1-64 14 1-32 24.582 Batavia, fl. to £ tSellers. official 7.35 •Sellers 7.355 12.107

lows •— July 23. Per ton July 24. Per ton i ’op per- £ s. d £ s. d Standard, spot 37 15 0 :t7 14 41 Ditto, forward ... 38 0 7i -11 17 6 37 If) 41 Electrolytic 41 15 0 to 42 2 (1 42 5 0 Wire bars 42 2 (5 42 a 0 Lea (1— Spot IB 7 6 16 6 3 Forward 10 8 9 nt 7 o Spelter— Spot 13 15 0 13 13 0 Forward Tin14 0 0 13 18 9 Spot 1‘M) 2 B 1SR 17 G Forward 18B 17 B 1S5 12 6 Silver— Standard, per oz. . 11) 5-Sd. 19 5-8d. Fine 21 3-lBd. 21 3-lfld.