FOREIGN EXCHANGES

Dominion, Volume 31, Issue 152, 24 March 1938, Page 14

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. ■ London, March 22. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on March 21: —

London, March 22. Gold.—£7/0/2 an ounce, line. Silver.—Spot, 20 7-10 d. an ounce; forward, 20 l-10d.

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 ot New South Wales, the New Zealand pound, compared witli its original par value, is equivalent to approximately:— 16/1 in London. £l/0/1 in Australia. 1 16/41 in U.S.A. 16/5 in Canada. £l/0/81 in France. 16/4i in Italy. 9/8 in Germany. 11/9J in Java. £ 1/8/21 in Japan.

Par. Mar. 21. Mar. 22. N. York, dol. to 4.880 4.96 4.96J Montreal, dol. to £ 4.866 4.98| 4.994 Paris, fr. to 124.21 10211-16 162 3-16 Brussels, beL to £ 48.611 29.49 29.501 Geneva, fr. to £ 25.225 21.645 21.641 Amst’dam, fl. to £ 12.107 8.97S 8.971 Berlin, mks. to £ 23,43 12.375 12.375 St’holm, knr. to £ 18.159 19.415 19.415 C’hagen, knr. to £ 18.159 22.40 22.4Q Oslo, knr. to X? 18.159 19.90 19.00 Vienna, scbgs. to £ 34.585 26.50 26.50 Hel’fors, inks, to £ 193.23 : 220.125 226.125 Prague, knr. to £ 134.25 14111-1614111-16 Madrid, pes. to £ 25.225 — — Lisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 94.25 94 5-16 Athens, drac. to £ 375 1 547.50 547.50 Bucharest, lei to £ 813.60 1 377.50 667.50 Belgrade, din. to £ 276.31 ! 216 216 Rio de J., p. to mil 4.899 |213-16 i 1213-16 B. Aires, p. to pesa 47.62 —- —«■ M. Video, p. to peso 51 121} 121} Calcutta, p. to rup. 18 18} 18J Shanghai, p. to dol. 18 1141 114} H.-Kong, p. to dol. «— 14 13-16 i 1413-16 Y’hama. p. to yen 24.582 13 15-16 1 1315-16 Batavia, 11. to £ 12.107 8.96 8.955 • t Market Rate. , t Sellers Official. '

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. 101 100/10/£A. to £N.Z. 100 O.D. .Fiji T.T. 00/7/6 89 £F. to £N.Z. 100 O.D. New York T.T. 4.0176 3.9830 Dol. to £N.Z. . O.D. 4.0276 4.9870 Montreal T.T. 4.0341 4.0016 Dol. to £N.Z. . O.D. 4.0461 4:0056 Austria T.T. — —- Seligs, to £N.Z. O.D. - — Belgium T.T. 23.906 23.596 Bel. to £N.Z. . O.D. 23.981 23.607 Czechoslovakia ... T.T. — 112.91 Kts. to £N.Z. . O.D. — ' 112.96 Denmark T.T. 18.203 17.893 Knr. to £N.Z. O.D. 18.263 17.899 Finland T.T. 184.95 179.15 Mks. to £N.Z. . O.D. 185.35 179.25 France T.T. — 128.58 Frs. to £N.Z. . O.D. — 128.62 Germany T.T. — • 9.868 Mks. to £N.Z. . O.D. — 9.873 Greece T.T. — 429.54 Drac. to £N.Z. . O.D. — 429.84 Holland TT. 7.311 7.161 FIs. to £N.Z. . O.D. 7.351 7.165 Italy T.T. — 75.70 Lire to £N.Z. . O.D. — 75.75 Javi ' T.T. 7,287 7.137 Fls. to £N.Z.' . O.D. 7.327 7.141 Norway T.T. 16.181 15.891 Knr. to £N.Z. . O.D. 16.241 15.897 • Noumea T.T. — 127.33 Frs. to £N.Z. . O.D. — 127.37 Papeete T.T. — 127.38 Frs. to £N.Z. . O.D. — 127.42 Sweden T.T. 15.797 15.502 Knr. to £N.Z. . O.D. 15.857 15,508 Switzerland .... T.T. 17.566 17.296 Frs. to £N.Z. . O.D. 17.671 17.301 Chefoo T.T. 17 59-61 N.Z. d. to Dol. . O.D. — 17 29-32 Hong-Kong T.T. 18 25-64 18 49-64 N.Z. d. to Dol. . O.D. 18 23-64 18 49-64 India and Ceylon T.T. 22J 22 21-32 N.Z. d. to Hup. . O.D. 22 11-32 22 21-32 Japan j T.T. - 17 7-16 N.Z.' d. to Yen . O.D. - 17 7-16 Manila T.T. 29 21-32 30 5-32 N.Z. d. to Peso . O.D. 29 9-16 30 5-32 Shanghai T.T. — 18 3-64 - N.Z. d. to Dol. . O.D. — 18 3-64 Singapore T.T. 3417-32 35 1-64 N.Z. d. to Dol. . O.D. 34 7-16 35 1-64

U.S.A. Doi. Canadian Doi. Selling; (Per £1N.Z.) (Per £1N.Z.) T.T. 3.981 4.00 3-16 0.1). 3.9S& 4.00H Buying: 0.1). 4.02 9-10 4.0-1S