FOREIGN EXCHANGES

Dominion, Volume 30, Issue 10, 7 October 1936, Page 14

FOREIGN EXCHANGES

Position of Sterling By Telegraph—Press Assn.—Copyright. London, October 5. Steady conditions prevailed at the opening of the foreign exchange market this morning, and rates were little altered as compared with Saturday’s close. Sterliug on New York opened at 4.93 7-8 and on Paris at 105 j. The following mean closing rates o» foreign exchanges were current to-day compared with those ruling on October Si-

Gold and Silver, London, October 4. Gold.—£7/1/01 per ounce, fine. Silver.—Spot, 20 l-10d. per ounce; forward, 20 1-J6d. • On New Zealand Currency Basis The Bank ot New Soutli Wales, Wellington, quoted the following rates for tlieir purchases and sales of foreign exchange yesterday:—

Tlie Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They arc subject to alteration without notice.

Oct. 5 . Oct. 3. Par. X. York, dol. to £ 4.015-8 4.93 3-1614.866 Montreal, dol. to £ 4.011 4.92 7-8 4.866 Paris, fr. to £ 105 21-64 10521-32 124.21 Brussels, bel. to £ 29.245 29.32 48.611 Geneva, fr. to £ 21.41 21.445 -.O Amst’dam, fl. to £ 0.34 9.32 12.107 Berlin, inks, to £ 12.235 12.26 20.43 St’holm, knr. to £ 10.305 19.395 18.159 C’hagen, knj. to £ 22.40 22.395 18.159 Oslo, knr. to £ 10.00 19.90 18.159 Vienna, schgs. to £ 20.50 26.50 34.585 Prague, knr. to £ — 122 164.25 Hel'fors, mks. to £ 227 227 193.23 Madrid, nes. to '£ — __ 25.225 Lisbon, esc. to £ 110 3-16 110 3-16 110 Milan, lire to £ — — 92.46 Athens, drach. to £ *550 *550 375 .Bucharest, lei to £ *675 *075 81.3.60 Belgrade, din. to £ — — 276.31 Rio de J., p. to mil. 14} t4J 5.899 B. Aires, p. to peso — — 47.62 M. Video, p. to peso *28 1-46 51 Calcutta, p. to rup. 18 1-8 18 1-8 18 Shanghai, p. to dol. 1411-16 14 3-8 — H.-Kong. p. to dol. 14 7-8 14 7-8 — Y’haina, p. to yen 14 14 24.582 Batavia, fl. to £ 9.345 9.265 12.107 tSellers, official. ‘Sellers. JPar, 8.23 31-32 since dollar devaluation on February 1, 1934.

New Zealand Buying Selling on London T.T. 124 124/10/- £ N.Z. to £ stg. 100 O.D. 123/10/124/8/9 Australia T.T. — —- £A to £N.Z. 100 O.D. 101 100/10/Fiji T.T. — — £F to £N.Z. 100 O.D. 90/7/6 89 New York T.T. 3.97} 3.94$ Doi. to £N.Z. .. O.D. 3.99 3.94$ Montreal T.T. 3.97$ 3.94$ Doi. to £N.Z. .. O.D. 3.98$ 3.94$ Austria T.T. - 20.73 Schgs. to £N.Z. O.D. - 20.75 Belgium T.T. — 23.3. $3 Bel. to £N.Z, .. O.D. — 23.364 Denmark T.T. 18.203 17.S93 Kr. to £N.Z. O.D. 18.263 17.903 France T.T. — 84.33 Fr. to £N.Z. ... O.D. — 84.37 Germany T.T. — 9.753 Mks. to £N.Z. O.D. — 9.758 Holland T.T. - 7.461 Fl. to £N.Z. .. O.D. — i .45. > Java T.T. — 7.427 Fl. to £N.Z. .. O.D. — 7.431 Norway T.T. 16.181 15.891 Kr. to £ N.Z. .. O.D. 16.241 15.901 Sweden T.T. 15.785 15.490 Kr. to £N.Z. .. O.D. 15.S45 15.500 Switzerland .... T.T. — 17.107 Fr. to £N.Z. .. O.D. — 17.112 Noumea ' T.T. - S2.96 Fr. to £N.Z. .. O.D. — S3.02 Papeete T.T. - S3.11 Fr. Io £N.Z. .. O.D. — S3.17 Hong-Kong T.T. IS 9-32 IS 25-32 N.Z. d. to 1 Doi. O.D. IS.! IS 49-64 India and Ceylon r p 22 x N.Z. <1. to 1 BiIPJapan O.D. 22 11-32 T.T. - 22 41-64 17 31-64 N.Z. d. to 1 Yon O.D. - 17 1.»-32 Shanghai N.Z. (1. to 1 Doi. Sin era pore N.Z. d. to 1 Doi. T.T. 17 37-6 O.D. 17 35-0 T.T. 34 23-31 O.D. 343 IS 5-64 IS 1-16 35 13-64 35 3-16

U.S.A Doi. Canadian Doi. Selling T.T. O.D. (Per £1 N.Z.> 3.933 3.943 (Per £1 N Z.) 3.94 3.94} Buying O.D. 3.9SJ 3.983