FOREIGN EXCHANGE

Dominion, Volume 29, Issue 301, 16 September 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: —

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. U.S.A. Doi. Canadian Doi. (Per £1 N.Z.) (Per £1 N.Z.) Selling—

Position of Sterling

By Telegraph—Press Assn.—Copyright. London, September 14. The .following mean closing rates on foreign exchanges were current to-day compared with those ruling on September

tPar. 8.23 31-32 since dollar devaluation mi February 1, 1934.

Gold and Silver. London. September. 14. Gold.—£6/17/5 per ounce, fine. Silver.—. Spot. 19 5-16 d. per ounce; forward, 19 5-16 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 nnr value, is equivalent tn approximately: 16/1 in London El/0/1 in Australia 16/S in U.S.A. 16/8 in Canada. 9/10? in France. 11/1} in Italy. 9/10 in Germany. 9/9 in Java. £l/7/103 in Japan.

New Zealand Buying. Selling. on London— £N.Z. to fstg.100 T.T. O.D. 124 123/10/124/8/9 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 Now York — Doi. to £1 N.Z. T.T. 4.094 4.05J O.D. 4.105 4.06} Montreal— Doi. to £1 N.Z. 1.1. 4.091 4.05} O.D. 4.101 4.06J Austria — Schillings to £1 N.Z. ... T.T. ■ 1— 21.13 O.D. — 21.15 Belgium— 23.937 23.94S Bel. to £1 N.Z. T.T. O.D. — < ’zi>(4iosli>vakia— Cr. to £1 N.Z. T.T. 97.47 O.D. — 97.52 1 >''timark — 17.893 Kr to £1 N.Z. T.T. 18.203 O.D. 18.263 17 903 France — 61.47 Fr. to £1 N.Z. T.T. —— O.D. 61.51 Germany— 10.039 Mk. to £1 N.Z. T.T. • O.D. ——• 10.044 Holland — 5.942 Fl. to £1 N.Z. T.T. —— O.D. — 5.946 Italy— Lr. to £1 N.Z. T.T. 51.45 O.D. — 51.50 Java— 5.914 Fl. to £1 N.Z. T.T. —. Q.D. — 5.918 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. 15.785 15.490 O.D. 15.845 15.500 Switzerland — Fr. to £1 N.Z. T.T. — 12.389 O.D. — 12.394 Noumea — Fr. to £1 N.Z. T.T. —- 60.10 O.D. —— 60.16 Papeete— Fr. to £1 N.Z. T.T. —— 60.25 O.D. —— 60.31 Hong-Kong— N.Z, d. to 1 17 29-32 dollar .. T.T. 18 29-32 O.D. 17 13-16 18} . India nnd Ceylon— N.Z. d. to 1 rupee ... T.T. 22 9-64 22 57-64 O.D. 22 3-64 22} Japan— N.Z. d. to 1 yen .... T.T. 17 41-64 O.D. —— 171 Shanghai— ■ N.Z. d. to 1 dollar .. T.T. 17 23-64 18 23-64 O.D. 17 11-64 18 11-32 Singapore— N.Z. d. to 1 dollar ... T.T. . 34 27-64 35 31-64 O.D. 34 15-64 35 15-32

T.T. ... ... 4.051 4.051 O.D. ... ... 4.06J 4.06J Buying— O.D. ,.. ... 4.103 4.10}

Sept. 14. Sept. 12. Par. X. York. (lol. to £ 5.00 3-16 5 .0515-1614.866 . Montreal, do!, to £ s.oo o.05 7-8 4.806 Paris, fr. to £ 76 55-64 76 55-64 124.21 Brussels, bel. to £ —— 29.955 .48,611 Geneva, fr. to £ 15.54 15.53 25.22T) Amst’dam. fl. to £ 7.453 7.455 ■ 12.107 Berlin, inks, to £ 12.58 12..58 20.43 St’holin, knr. to £ 10.365 111.395 18.159 C’hagen, knr. to £ 22.395 22.395 *18.159 Oslo. knr. to £ 19.00 19.90 18.159 Vienna, schgs. to £ 26.75 20.75 34.585 Prague knr. to £ 122.56 122 5-16 1G4.25 ITel’fors, inks, to £ 2°7 227 193.23 Madrid, pes. to £ 59.50 59.50 0*7 00’s Lisbon, esc. to .£ 110 3-16 110 3-16 i io*’ Milan, lire to £ 64 5-16 64 5-16 92.46 Athens, drach. to £ •531 •531 375 Bucharest, lei to £ •677 ♦677 S13.60 Belgrade, din. to £ 221 276.31 Rio de J„ p. to mil. +44 +41 5.899 I* Airos. p. to peso +35 +35 47 62 M. Video, p. to peso +381 +38} 51 Calcutta, p. to nip. 18 1-8 IS 1-8 18 Shanghai, p. to dol. 1411-32 ! 14 5-16 __ IT.-Kong, p. to dol. .14 13-16 1413-16 —— Y’hama, p to ven 14 3-64 14 3-64 24.582 Batavia, fl. to £ 7.425 7.425 12.107 vSpJlers. official •Sellers.