FOREIGN EXCHANGES

Dominion, Volume 30, Issue 148, 19 March 1937, Page 12

FOREIGN EXCHANGES

Position of Sterling

By Telegraph.—Press Assn.—Copyright.

, ~ London, March 17. J.lie following mean closing rates on foreign exchanges were current to-day compared with those ruling on March 16•—

•Unofficial. tOfficlal. London, March 17. Gold.—£7/2/4 an ounce fine. Silver.—Spot, 20 15-116(1. aii ounce forward, 20 15-l Cd. ’

On New Zealand Currency Basis

The Bank of New Soutli Wales, Wellington, quoted the following rales for their purchases and sales of foreign exchange

New Zealand Buying. Selling ou London i’/ r . j 2 l l”l/10/£N.Z. to £ stg. /1W

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 Do) Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.91 S 3.91} 0.1). 3.92 J 3.91;/ Buying O.D. 3.911} 3.953 N.Z. Pound Abroad Based on 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. 16/1} in U.S.A. 16/1 in Canada. 13/9 in- France, .16/1 in Italy. 9/5} in Germany. 11/8} in Java. £l/8/1} in Japan.

Par Mar. 1G. Mar. fl 7. N. York, do! to £ ii.Sfln 4.ss 21-to 4 Sri Montreal, dol. to 4.S06 4.884 ‘ 4.884 ‘ Paris, fr. to £ 124.21 101125-64 10U 17.no Brussels, bel. to { * 48.6.11 20.015 29.01 Geneva, fr. to £ 25.225 21.45 21.45 Amst’dam, fl. to Berlin, niks. to £ 12.107 8.94} 20.43 12.145 8.93$ 12.15 St’holm, knr. to 18.159 19.395 19.395 C'hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr, to £ .18.159 19.90 19.90 Vienna, schgs. to £ 34.585 26.50 26.50 Prague, knr. to £ 164.25 140.1-16 140.25 Ilel'fors, inks, to £ 193.23 226.50 226.50 Madrid, pes. to 4* Lisbon, esc. to £ 100 110 3-16 110 3.111 Milan, lire to £ 92 9213-16 92 13-16 Athens, drac. to £ 375 '547.1 *5474 Bucharest, lei to £ 813.60 *670 *670 ” Belgrade, din. to 276.31 213 213 KIo de J., p. to mil. 5.899 ill t4J B. Aires, p. to peso 47.62 _ Nr. Video, p. to peso 51 f39J t39J Calcutta, p. to nip. IS IS* 18| .Shanghai, p, to dol. — 14 9-16 14 7-32 H.-Kong, p. to dol. — 1415-10 14 15-16 Y’hama, p. to yen. 24.582 14 14 Batavia, fl. to *2 12.107 S.S03 S.S95

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