FOREIGN EXCHANGES

Dominion, Volume 31, Issue 69, 15 December 1937, Page 14

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. London, December 13. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on December 11:

Price of Gold and Silver, London, December 13. Gold.—£6/19/11 an ounce, fine. Silver.—Spot, 18Jd. an ounce; forward, 18 3-16 d. 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:—

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

N.Z. Pound Abroad Based on figures quoted by I lie Bank ot New South Wales, the New Zealand pound, compared with its original par value, Is equivalent to approximately:— 10/1 In London. .£l/0/1 in Australia. IG/5 in U.S.A. 10/5 in Canada. 18/10} in France. 10/5 "in Italy. 0/8.1 in Germany. 11/11} in .lava. £l/8/1 in Japan. Overseas Wheat Markets By Telegraph.—Press. Assn. —Copyright. London, December 13. Wheat cargoes to-day were easier and parcels were quiet. Futures: London, .January, 43/lly u quarter; March, 43/10. Liverpool, December, 7/7 a cental; March. 7/61 ; May, 7/6}; July, 7/6 3-8. Chicago futures: December. 94 <>-b cents a bushel; May. 92 3-8 cents: July, 865 cents.

Par. Dee. 11. Dec. 13. N. York, dol. to 4.866 4.99} 4.91) 11-lt) Montreal, dol. to £2 4.866 4.99} 4.9911-16 Paris, fr. to cL. 124.21 147 5-64 147 9-61 Brussels, bel. to & 48.61129.40} 20.385 Geneva, fr. to 25.225 21.60} 21.605 Amst’dam, fl. to £ 12.107 8.98 9-16 8.98} Berlin, inks, to £ 23.43 12.40 12.39 St’holm, knr. to 18.159 19.40 19.40 C’hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, sehgs. to £ 34.585 26.50 26.50 Prague, knr. to £ 134.25 142.125 143 3-16 Hel’fors, inks, to £ 193.23 226.125 226.125 Madrid, pes. to 25.225 — — Lisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 *95 3-16 95 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 677 677 Belgrade, din. to £ 276.31 216 216 Bio de J., p. to mil 4.899J241-64 12 21-32 B. Aires, p. to pesa 47.62 — — M. Video, p. to peso 51 125} 125} Calcutta, p. to rup. 18 18} 18} Shanghai, p. to dol. 18 14'3-16 143-16 H.-Kong, p. to dol. — 15 15 Y’hama. p. to yen 24.582 14 i 14 Batavia, 11. to £2 12.107 8.955 8.96p • Sellers. 1 Market Bate.

New Zealand on Buying. Selling. 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. 00/7/6 89 £ IP to £ N.Z. 100 O.D. New York T.T. 4.0402 4.0056 Doi. to £N.B. . O.D. 4.0502 4.0096 Montreal T.T. 4.0397 4.0073 Doi. to £N.Z. . O.D. 4.0517 4.0113 Austria T.T. — 20.93 Schgs. to £N.Z. O.D. —— 20.94 Belgium T.T. 23.810 23.500 Bel. to £N.Z. .. O.D. 23.S85 Czechoslovakia ... T.T. — 113.29 Crs. to £N.Z. .. O.D. —— 113.34 Denmark T.T. 18.203 17.895 Knr., to £N.Z. . O.D. 18.263 17.899 France T.T. -— 117.18 Frs. to £N.Z. . O.D. —— 117.22 Germany T.T. — 9.882 Mks. to £N.Z. . O.D. —-- 9.887 Holland ’• T.T. 7.319 7.169 FIs. to £N.Z. .. O.D. 7.359 7.173 Italy T.T. — 76.16 Lire to £N.Z. . O.D. Java 7 295 76.21 7.145 FIs to £N.Z. .. O.D. 7.335 7.149 Norway T.T. 10.182 15.892 Knr. to £N.Z. . O.D. 16.242 35.898 Sweden T.T. 15.787 15.492 Knr. to £N.Z. . O.D. 15.847 15.49S Switzerland T.T. 17.638 17.268 Frs. to £N.Z. . O.D. 17.643 17.273 Noumea T.T. —■ 115.93 Frs. to £N.Z. . O.D. — 115.97 Papeete T.T. ——- 115.98 Frs. to £N.Z. . O.D. — 116.02 Hong-Hong .... T.T. N.Z. d. to Doi. . O.D. IS 20-64 18 53-64 18 27-64 18 53-64 India and Ceylon . T.T. 22 J 22 21-32 N.Z. d. to Rup. O.D. 22 11-32 22 21-32 Japan T.T. —— 17 33-64 N.Z. d. to Yen . O.D. —— 17 33-64 Shanghai T.T. — 18 9-64 N.Z. d. to DoJ. . O.D. — .18 9-64 Singapore T.T. 34 23-32 35 13-64 N.Z. d. to Doi. . O.D. 34jj 3a 13-64 Cliefoo T.T. — 18J N.Z. d. to Doi. O.D. —- IS 7-64 Manila T.T. 20 37-64 30 5-64 N.Z. <1. to Peso . O.D 29 31-64 30 5-01

U.S.A. Doi. Canadian Doi. Selling: (Per £ 1 N.Z. ) (Per £1 N.Z.) T.T. •1.00 11-30 4.00 11-10 O.D. 4.01 1-10 4.01 1-10 Buying: 4.05 1-16 4.05 1-16