FOREIGN EXCHANGES

Dominion, Volume 31, Issue 55, 29 November 1937, Page 14

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright, (Received November 28, 6.30 p.m.) London, November 27. The following mean closing rates on foreign exchanges were current to-day compared with those ruling un November 26

Price of Gold. London, November 20. The price of gold to-day was fixed at £7/0/1 an ounce, fine. London, November 27. Gold.—£7 an ounce, fine. Silver.—Spot, 19 11-16 d. an ounce; forward, 19 9-l Gd. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange on Saturday:—

N.Z. Bound 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. 16/6 in U.S.A. IIS/6 in Canada. 1.8/11 In France. v 16/6 in Italy. 0/8 in Germany. 11/101 in Java. £l/8/1. in Japan.

N. York, dol. to i'ar. Nov. 26. Nov. 27. £ 4.866 4.99 7-1G 4.993 Montreal, dol. to ■4 \ 4.86G 4.99 1-1G 4.99 1-16 Paris, fr. to 124.21 147.125 147 7-04 Brussels, bel. to £ 48.011 29.3G 29.304 25.225 21.591 21.595 Geneva, fr. to Amst’dani, II. to £ 12.107 8.981 8.98J Berlin, mks. to 23.43 — 12.371 St’holm, knr. to 18.159 19.40 19.40 C’liagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, schgs. to £ 34.585 26.50 26.30 Prague, knr. to £ 134.25 141.75 14115-16 Hel'fors, mks. to £ 193.23 226.125 226.125 Madrid, pes. to Lisbon, esc. to £ 25.225 — — £ 100 110 3-16 110 3-1G Milan, lire to £ 92 94.125 94 15-16 Athens, drac. to £ 3<5 54 < .50 547. oO Bucharest, lei to Belgrade, din. to 813.60 677.50 677.50 £ 270.31 210 210 Rio de J., p. to mil 4.899 2 25-32 2.375 B. Aires, p. to pesa 47.02 — — M. Video, p. to peso 51 3913-16 3913-16 Calcutta, p. to nip. 18 1SJ 1SJ Shanghai, p. to dol. 18 14J 144 II.-Kong, p. to dol. — 15 15 Y’hama, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.905 8.97

New Zealand Buying Selling. London T.T 124 124/10/£N.Z. to £stg. 1Q0 O.D. 123/10/ 124/8/0 Australia T.T. £A to £N.Z. 100 O.D. Fiji T.T. 101 100/10/£1T to £N.Z. ICO O.D 90/7/0 89 New York T.T. 4.0384 4.0038 Dol. to £N.Z. . O.D. 4.0484 4.0078 Montreal T.T. 4.0340 4.0016 Dol. to £N.Z. .. O.D. 4.0460 4.0056 Austria T.T. — 20.90 Seligs, to £N.Z. O.D. — 20.91 Belgium ■ T.T. 23.700 23.4S0 Bel. to .CN.Z. .. O.D. 23.865 23.491 Czechoslovakia ... T.T. — 112.96 Crs. to CN.Z. . O.U. — 113.01 Denmark T.T. 18.203 17.893 Knr. to CN.Z. . O.D. 18.263 17.899 France T.T. —— 117.14 Fra. to CN.Z. . O.D. — 117.18 Germany T.T. — 9.873 Mks. to CN.Z.. O.D. — 9.878 Holland T.T. 7.319 7.169 FIs. to £N.Z. . O.D. 7.359 7.173 Italy T.T. Lire to £N.Z. . O.D. — 76.08 — 76.13 Java - T.T. 7 * i 7.145 FIs. to CN.Z. .. OD. 7.335 7.149 Norway T.T. 16.183 15.893 Knr. to CN.Z. . O.D. 16.243 15.899 Sweden T.T. 15.789 15.494 Knr. to CN.Z. .. O.D. 15.849 i 7:262 Switzerland T.T. 17.532 Frs. Io £N.Z. . 0.1), 17,037 17.267 Noumea T.T. — 115.89 Frs. to CN.Z. . O.D. — 1 15.93 Papeete T.T. — 115.94 Frs. to CN.Z. . O.D. — J 15.98 Hong-Kong .... T.T. N.Z. <1. to Dol. . O.D. IS 13-32 188 18 25-32 .18 25-32 India and Ceylon . T.T. 22J 22 21-32 N.Z. d. to Http. . O.D. 22 11 -32 22 21-32 .Japan T.T. — 17 33-G4 N.Z. d. to Yen . O.D. 17 33-6-1 Shanghai T.T. N.Z. d. to Dol. . O.D. 17 63-6-1 17 63-64 Singapore T.T. N.Z. d. to Dol. . O.D. 34 23-32 35 13-64 358 35 13-6-1 Chefoo T.T. 18J N.Z. d. to Dol. . O.D. 1.8 7-64 Manila T.T. 2911-16 30 3-16 N.Z. <1. to Peso . 0,1.). 29 19-32 30 3-16 The Associated Banks (other than tile 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. U.S.A. Jol. Cana dian Dol. Selling: .Per Cl N ,Z.t (Per £1 N.Z.) T.T. 4.001 4.00 3-1G O.D 1.0015-16 4.00 0-10 Buying: O.D. 1.0115-16 4.04 0-10