FOREIGN EXCHANGES

Dominion, Volume 31, Issue 21, 20 October 1937, Page 14

FOREIGN EXCHANGES

Position Of Sterling

By Telegraph.—Press Assu.—Copyright. London, October 18.

The following mean closing rates on foreign exchanges were current to-day compared with those ruling on October IB:

London, October 18. Gold.—£7/0/4| an ounce, tine. Silver.—Spot. 20d. an ounce; forward, 19gd.

On New Zealand Currency Basis

The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday:— New Zealand Buying, Selling, on London T.T. 124 124/10/-

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. Selling: fPer £1 N.Z.) (Per £1 N.Z.) T.T 3.97 7-Id 3.97 3-10 ' 0.1 r. 3.9713-16 3.97 9-16 Buying: O.D. 1.02 1-10 -I.ol} N.Z. Pound Abroad Based on figures quoted by the Bank ot New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately:Uh l in London. £l/0/1 in Australia. IG/lt >n U.S.A. 16/4} In Canada. 18/10} in France. 16/4 in Italy. 9/7? in Germany. 11/91 In Java. £l/8/1 in Japan. Overseas Wheat Markets London, October 18. Wheat cargoes to-day were easier and parcels inactive. Futures. —London, October 45/1 a quarter, November 44/7; Liverpool, October 8/7J a cental. December B's 1-8 March 8/2, May 8/1L Ghicago futures. —December 99} cents n bushel, May-. 100 cents, July 99} cents.

Par. Oet. 16. Oct. 18. N. York, dol. to £ 4.866 4.9515-16 4.95 13-16 Montreal, dol. to 4.866 4.9511-16 4.954 Paris, fr. to £ 124.21 145 9-32 146 41-64 Brussels, bel. to 48.611 29.43 29.414 Geneva, fr. to .44 25.225 21.554 21.55 Amst’darn, fl. to £ 12.107 8.97a- 8.965 Berlin, mjcs. to £ 23.43 12.35 12.344 St’holm, knr. to £ 18.159 19.395 19.395 C’hagen, knr. to X’ 18.159 22.40 22.4() Oslo, knr. to .E, 18.159 19.90 19.90 Vienna, schgs. to ,E? 34.585 26.50 26.50 Prague, knr. to X* 134.25 141J 1415 Heritors, inks, to x* 193.23 226.125 226.125 Madrid, pes. to £ Lisbon, esc. to J* 100 110 3-16 110 3-16 Milan, lire to £ 92 94J 94 f Athens, drac. to £ 375 ’5474 ’5474 Bucharest, lei to £ 813.60 • 672.50 ’ 672.50 Belgrade, din. to £ 276.31 216 216 Bio do J., p. to mil. 4.899 444 fli B. Aire.4, p. to pesa 47.62 — M. Video, p. to peso 51 3913-16 3913-16 Calcutta, p. to rup. 18 184 184 l Shanghai, p. to dol. 18 .14 5-16 14 5-16 11.-Kong, p. to dol. 15 15 X’hama, p. to yen 24.582 14 14 Batavia, 11. to X* 12.107 8.05 8.95 • Unofficial, t Official.

£N.Z. to £stg 100 O.D. 123/10/124/8/V Australia £A to £N.Z. 100 T.T. O.D. 101 190/10/Fill T.T. 90/7/6 £F to £N.Z. 100 O.D. New York T.T. 4.0089 3.9744 Doi. to £N.Z. O.D. 4.0189 3.9784 .Montreal T.T. 4.005-1 3.9730 Dol. to £N.Z. O.D. 4.0174 3.9770 Austria T.T. — 20.81 Seligs, to £N.Z. O.D. — 20.82 Belgium T.T. 23.848 23.538 Bel. to £ N.Z. O.D. 23.923 23.549 Czechoslovakia . T.T. — 112.86 C'rs. to £N.Z. O.D. 112.91 Denmark T.T. 18.203 17.893 Knr. to £N.Z. O.D. 18.263 17.899 France T.T. —--■ 117.29 Fra. to £N.Z. O.D. — 117.33 Germany T.T. 9.816 Jtks. to £ N.Z. O.D. — 9.851 Holland T.T’. 7.307 7.157 FIs. to £N.Z. O.D. 7.3-17 7.161 Italy T.T. — 75.53 Lire to £N.Z. O.D. __ 75.58 J* ftV*l T.T. 7.283 7.133 FIs. to £N.Z. O.D. 7.137 Norway T.T. 16.181 15.891 Knr. to £N.Z. O.D. 16.241 15.897 Sweden T.T. .15.785 15.490 Knr. to £N.Z. O.D. 15.845 15.496 Switzerland T.T. 17.493 17.223 Frs. to £N.Z. O.D. 17.598 17.228 Noumea T.T. 116.04 Frs. to £ N.Z. O.D. 116.08 Papeete T T. 116.09 Frs. to £N.Z. 0.11. 116.13 Hong-Kong T.T. IS 29-61 18 53-64 N.Z. d. to Doi. O.D. 18 27-6-1 18 53-61 India and Ceylon T.T. 22 21-32 N.Z. d. to Blip. O.D. 22 11-32 22 21-32 T.T. 1733-64 N.Z. d. to Yen O.D. .— 17 33-61 Shanghai T.T. — 18 11-64 N.Z. d. to Doi. O.O. *— 1811-64 Singapore .... T.T. 31 23-32 35 13-64 N.Z. d. to Doi. O.D. ::i§ 35 13-61 Chefoo T.T. 18 15-61 N.Z. d, to Doi. O.D. IS 7-32 Manila T.T. 29 57-61 30 25-61 N.Z. d. to Peso O.D. 29 51-64 30 25-6 !•