FOREIGN EXCHANGES

Dominion, Volume 31, Issue 143, 14 March 1938, Page 12

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. (Received March 13, 6.30 p.m.) London, March 12. The following mean closing rates on foreign exchanges were ' current to-day compared with those ruling on March 11:

Price of Gold and Silver. i London, March 11. Gold.—£6/19/61 an ounce, fine. Silver—Spot, 20 5-16 d. an ounce; forward, 19 15-16 d. ' London, March 12. Gold.—£6/19/8 an ounce, fine. Silver.—Spot, 20jd. an ounce; forward, 20d. 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:—

The Associated Banks (other than the 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.

N.Z. Pound Abroad Based ou figures quoted 'by Hie 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. IG/G in Canada. £l/0/3J in France. 16/6 in Italy. 9/8} In Germany. 11/9} in Java. £l/8/1} in Japan. Sydney Stock Exchange By Telegraph.—Press Assu.—Copyright. Sydney, March 12. Stock Exchange sales to-day included: —Commonwealth bonds, 4 per cent., 1903, £lO5/7/6; 1955. £lO5/11/3; 1957, £lO6 6/3; 1959, £lO6/2/6; 1961, £lO6/7/6; Bank of New South Wales, £32/5/-; Australian Glass, 93/6 ; British Tobacco, 49/6; Broken Hill Pty., 62/-; Electro Zinc, 46/-; Henry Jones, 50/6. British Treasury Bills (British Official Wireless.! Rugby, March 11. 'Phe total amount applied for in tenders for £45.000,000 pf Treasury bills was £92.095,000. The average rate per cent, for bills at three months was 10/- 1.35 d., as against 10/0.9-1 a week ago.

1 Par. Mar. 11. Mar. 12. N. York, dol. to 4.8GG 5.005 4.99 Montreal,'dol. to 4.800 5.00| 4.99} Paris, fr. to a 124.21 158 5-32 155 31 -32 Brussels, bel. to £ 48.011 29.64} 29.635 Geneva, fr. to £ 25.225 21.001 21.67 Amst’dam, fl. to £ 12.107 8.90} 8.96} Berlin, mks. to £ 23.43 12.41} 12.405 St’holin, knr. to £ 18.159 19.42 . 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 20.50 20.50 Hel’fors, inks, to £ 193.23 220.125 226.125 Prague, knr. to 134.25 142.625 142 Madrid, pes. to £ 25.225 — —• Bisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 95.125 94.75 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 677.50 667.50 Belgrade, din. to £ 276.31 216 . 216 Rio de J., p. to mil 4.899 f213-16 1213-16 B. Aires, p. to pesa 47.62 — —— M. Video, p. to peso 51 £21} £21} Calcutta, p. to rup. 18 18} 18} Shanghai, p. to dol. 18 14 3-16 14 3-10 H.-Kong, p. to dol. — 15 15 Y’hama. p. to yen 24.582 14 13 63-64 Batavia, fl. to £ 12.107 8.945 8.945, t Market Rate, t Sellers Official.

New Zealand Buying. Selling. London T.T. 124 124/10/£N.Z. to £stg. 100 O.D. 123/10/124/8/9 Australia T.T. 101 100/10/£A. to £N.Z. 100 O.D. Fiji T.T. 90/7/6 89 £F. to £N.Z. 100 O.D. New York . T.T. 4.0489 4.0143 Doi. to £N.Z. . O.D. 4.0589 4.0183 Montreal T.T. 4.0481 4.0157 Doi. to £N.Z. . O.D. 4.0601 4.0197 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 23.716 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. 18.263 17.899 Finland T.T. 184.94 179.14 Mks'. to £N.Z. O.D. 185.34 179.24 126.06 France T.T. — Frs. to £N.Z. . O.D. — 126.10 Germany T.T. — 9.904 Mks. to £N.Z. . O.D. — 9.909 Greece T.T. — 429.54 Drac. to £N.Z. . O.D. —- 429.84 - Holland T.T. 7.307 7.157 FIs. to £N.Z. . O.D. 7.347 7.161 T.T. 76.30 Lire to £N.Z. . O.D. — 76.35 Tn.ro 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. — 124.81 Frs. to £N.Z. . O.D. —— 124.85 Papeete T.T. — 124.86 Frs. to £N.Z. . O.D. — 124.90 Sweden T.T. 15.803 15.508 Frs. to £N.Z. . O.D. 15.863 15.514 Switzerland T.T. 17.535 17.265 Chefoo N.Z. d. to Doi. . T.T. — 18 1-8 O.D. - • 18 7-64 Hong-Kong .... T.T. 18 29-64 18 53-64 N.Z. d. to Doi. . O.D. 18 27-64 18 53-64 India and Ceylon . T.T. 22j 22 21-32 N.Z. d. to Hup. . O.D. 2211-32 22 21-32 Japan N.Z. d. to Yen . T.T. —— 17 31-64 O.D. ■— 17 31-64 Manila T.T. 29 11-32 29 27-32 • N.Z. d. to Peso . O.D. 29 J 29 27-32 Shanghai T.T. — 18 7-64 N.Z. d. to Doi. . O.D. — 18 7-64 Singapore T.T. 34 17-3: 2 35 1-64 N.Z. d. to Doi. . O.D. 34 7-16 3i) 1-64

U.S.A. Doi. Canadian Doi. Selling : T.T. (Per £1N.Z.) (Per S1N-Z.) 4.014 4-01 0-16 0.1,1. 4.01'15-16 -1.0115-16 Buying: O.D. 4.0513-16 4.06