FOREIGN EXCHANGES

Dominion, Volume 31, Issue 141, 11 March 1938, Page 14

FOREIGN EXCHANGES

Position Of Sterling

By Telegraph.—Press Assn.—Copyright.

London, March 9. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on March 8:

Price of Gold and Silver.

. . . London, March 9. Gold—£6/19/7 an ounce, fine. Silver.—Spot, 20Jd. an ounce; forward, 19 13-16 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:—

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.

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:— 10/1 In London. 1 £l/0/1 in Australia. 10/6 in U.S.A. IG/fif in Canada. £ 1/0/21 in France. 10/0 in Italy. 9/81 in Germany. 11/91 in Java. £l/8/11 in Japan.

Par. Mar. 8. Mar. 9. N. York, dol. to £ 4.888 5.01 9-16 5.01 3-16 Montreal, dol. to £ 4.S6G 5.01J 5.01t Paris, fr. to 124.21 156 157-15-32 Brussels, bel. to £ 48.611 29.625 29.63 Geneva, fr. to 25.225 21.605 21.605 Amst’dam, fl. to £ 12.107 8.901 8.90i Berlin, mks. to £ 23.43 12.41 12.42 St’holm, knr. to £ 18.159 19.425 19.42 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 20.50 Hel’fors, mks. to £ 193.23 226.125 226.125 Prague, knr. to Madrid, pes. to £ £ 134.25 142.50 25.225 — 142.75 Lisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 95.25 95.25 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 .677.50 607.50 Belgrade.' din. to £ 276.31 216 210 Bio de J.,’ p. to mil 4.899 |213-16 13-10 B. Aires, p. to pesa 47.62 — . M. Video, p. to peso 51 t21i 121} Calcutta, p. to rup. 18 18} 18£ Shanghai, p. to dol. 18 14 3-16 14 3-16 H.-Kong, p. to dol. — ID ID y’hama. p."to yen 24.582 13 63-64 13 63-64 Batavia. fl. to £ 12.107 8.945 8.U4D t Market Rate, i Sellers Oinelal. ,

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 90/7/6 100/10/-I Fiji T.T. 89 £Kv to £ N.Z. 100 O.D. New York T.T. 4.0533 4.0186 Doi. to £N.Z. .. O.D. 4.0633 4.0226 Montreal .. T.T. 4.0528 4.0204 Doi. to £N.Z. . O.D. 4.0648 4.0244 Austria T.T. — 21.03 Seligs, to £N.Z. O.D. •— 21.04 Belgium '. T.T. Bel. to £N.Z. . O.D. 24.005 24.080 23.695 23.706 Czechoslovakia . T.T. — 113.77 Kts. to £'N.Z. O.D. — — 113.8— Denmark T.T. 18.203 17.893 Knr. to . £N.Z. O.D. 18.203 17.899 Finland T.T. 184.94 179.14 Mks. to £N.Z. O.D. 185.34 179.24 France T.T. —— 125.41 Frs. to £N.Z. . O.D. —— 125.46 n Germany .. T.T/ . 9.906 Mks. to £N.Z. O.D. —— 9.911 Greece T.T. •— 429.54 Drac. to £N.Z. . O.D. — . 429.84 Holland T.T. 7.307 71157 FIs. to ; £N.Z. . O.D. 7.347 Z.161 .Italy T.T. —— 76.36 * Lire to £N.Z. O.D. — 76.41 Java T.T. 7.279 7.129 FIs. to £N.Z. O.D. 7.319 7.133 Norway T.T. 16.182 15.892 Knr. to £N.Z. . O.D. 16.242 15.898 Noumea T.T. — 124.16 Frs. to >£N.Z. . O.D. —— 124.25 Papeete T.T. — 124.21 Frcs. to £N.Z. O.D. — 124.25 Sweden T.T. 15.805 15.510 Knr. to £N.Z. . O.D. 15.8G5 15.516 Switzerland .... T.T. 17.538 17.268 Frs. to £N.Z. . O.D. 17.643. 17.273 Cliefoo T.T. — 18 1-8 N.Z. p. to 1 Doi. O.D. — 18 7-64 Hong/Kong .... T.T. 18 29-64 18 03-64 N.Z. d. to 1 Dol. O.D. 18 27-64 18 53-64 India and Ceylon T.T. 22 3-8 22 21-32 N.Z. d. to 1 Hup. O.D. 22 11-32 22 21-32 Japan T.T. ■ — 17 f 31-64 N.Z. d. to 2 Yen O.D. —— 17 31-64 Manila T.T. 29 5-1 29 13-16 N.Z. d. to 1 Peso O.D. 29 7-32 29 13-16 Shanghai T.T. — 18 l-o N.Z. d. to 1 Dol. O.D. ■ - 18 1-8 Singapore ...... T.T. 344 34 63-64 N.Z. d. to 1 Dol. O.D. 34 13-32 34 63-64

U.S.A. Doi. Canadian Doi. Selling: \ (Per £1N.Z.) (Per £1N.Z.) T.T. 4.015 4.0115-10 O.D. 4.02J 4.02 5-10 Buying: O.D. •1.00 3-10 4.00 5-16