FOREIGN EXCHANGES

Dominion, Volume 31, Issue 142, 12 March 1938, Page 14

FOREIGN EXCHANGES

’ Position Of Sterling 'By Telegraph.—Press Assn.—Copyright. London, March 10* The mean closing foreign exchanges were current to-day compared with those ruling on March 9: —

Price of Gold and Silver. London, March 10. Gold.—.£C/19/Ci an ounce, fine. Silver.—Spot, 20 3-l Cd. an ounce; forward, IOJd. On New Zealand Currency Basis The Bank of New. South Wales, Wellington. quoted tlie following rates for their purcliases and sales of foreign exchange vesterday :—■ . New Zealand Buying. Selling. London T.T. 124 124/10/-

Tlie Associated Banks (other than tlie Bank of New Soutli 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.

N.Z. Pound Abroad Bused ou 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. 10/61 in Canada. ■£l/0/4i in France. 16/6 in Italy. 11/8.1 In Germany. 11/91 in Java. £l/8/11 in' Japan. Gold Production In Fiji Suva, March 11. The line gold produced by Emperor Mine up to January was 33,0710 z. in three years. With new mills the Emperor and Loloma mines are expected to produce this quantity in less than one year.

Par. Mar. 9. Mar. 10 N. Sork. dol. to £ 4.866 5.013-10 5.01 3-16 Montreal, dol. to — 4.860 5.011 5.01i Paris, £r. to £ 124.21 : 157 15-32 158 29-32 Brussels, bel. to £ 48.611 29.63 29.64Geneva, fr. to £ 25.225 21.605 21.60 Amst’dam, 11. to £ 12.107 8.961 8.901 Berlin, inks, to & 23.-13 12.42 12.415 St’holm, knr. to £" 18.159 19.42 19.42. C’hagen, knr. to .£ 18.150 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Vienna, sehgs. to £ ' 3-1.585 26.50 20.50 Hel’fors, inks, to £ 193.23 : 226.125 226,125 Prague, knr. to £ 134.25 142.75 142.625 Madrid, pes. to £ 25.225 —— —— 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 £ 813.00 677.50 667.50 Belgrade, din. to £ 270.31 216 216 Rio de J., p. to mil 4.899 1213-16 ,2 13-10 B. Aires, p. to pesa 47.62 — — M. Video, p. to peso 51 *21} Calcutta, p. to rup. 18 ' 18i 18} Shanghai, p. to dol. 18 \ 14 3-16 14 3-16 H.-Kong, p. to dol. — 15 15 V’hama, p. to yen 24.582 13 63-04 , 13 63-64 Batavia, 11. to £ 12.107 8.945 8.945 ' t Market Rate, T Sellers Official.

£N.Z. to £ntg. 124/8/9 100 O.D. 123/10/Australia T.T. 101 100/10/£A. to £N.Z. 100 O.D. 89 Fiji T.T. 90/7/6 £F. to£N.Z. 100 O.D. 4.0181 New York T.T. 4.0528 Doi. to £N.Z. .. O.D. 4.0028 4.0221 Montreal T.T. 4.0523 4.0199 Doi. to £N.Z. . O.D. 4.0043 4.0239 Austria T.T. — 21.03 Seligs, to £N.Z. O.D. — 21.04 Belgium T.T. 24.015 23.705 Bel. to £N.Z, . O.D. 24.090 23.710 Czechoslovakia . T.T. — 113.66 Krs. to £N.Z. O.D. — 113.71 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. Franco ...' T.T. 18u.34 179.24 126.54 Frs. to £N.Z. . 0.1). — 126.59 Germany T.T. - _ 9.908 Mks. to £N.Z. . O.D. —T- , . ' 0.13 Greece T.T. — 429.54 Drac. to £N.Z. . O.D. — 429.84 Holland T.T. i .oU i 7.1.>7 7.161 FIs. to £N.Z. . O.D. 7.347 Italy . T.T. -— 1 6.34 Lire to £N.Z. . O.D. 76.39 Java T.T. 7.279 7.129, FIs. to £N.Z. O.D. 7.319 7.133 Norway T.T. 10.182 15.892 Knr. to £N.Z. . O.D. 1(5,242 15.898 Noumea T.T. — 125.29 Frs. to £N.Z. . O.D. —— 125.33 Papeete T.T. Frs to &N.Z. . O.D. 125.34 125.38 Sweden T.T. 15.804 15.509 Knr. to £N1Z. . O.D. 15.864 15.515 Switzerland .... T.T. 17.53(5 17.266 Frs. to £N.Z. . O.D. 17.641 17.271 Cliel'oo T.T. — IS 1-8 N.Z. p. to 1 Doi. O.D. — 18 i-b4 Hong-Kong .... T.T. N.Z. d. to 1 Doi. O.D. 18 29-64 18 27-64 18 53-64 18 53-64 India and Ceylon T.T. 22 3-8 22 21-32 N.Z. d. to I, Hup. O.D. 22 11-32 22 21-32 Japan ...? T.T. — 17 31-64 N.Z. d. to 2 Yen O.D. 17 31-61 Manila T.T. 29 11-32 1 29 27-32 N.Z. d. to 1 Peso O.D. 291 29 27-32 Shanghai ....... T.T. — 18 7-64 N.Z. <1. to 1 Doi. O.D. — 18 7-64 Singapore ... ••• • T.T. 34| 34 63-61 N.Z. d. to 1 Doi. O.D. 34 13-32 34 63-64

Selling: T.T. (Per £1N.Z.) 4.01J (Per £1N.Z.) 4.01 15-10 0.1J. 4.02} 4.02 5-16 Buying: OJJ. 4.0G 3-10 4.00 5-16