FOREIGN EXCHANGES

Dominion, Volume 31, Issue 154, 26 March 1938, Page 14

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. London, March 24. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on March 23: —

London, March 24. Gold.—£7/0/14 an ounce, fine. Silver—Spot, 20|d. an ounce f forward, 20Jd.

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:— lfi/1 in London. £l/0/1 in Australia. 1(1/4} in U.S.A. 10/5} in Canada. £l/0/8} in France. 16/1} in Italy. 9/8 in Germifeny. 11/91- in Java. £ 1/8/0} in Japan. London Butter Market Easier By Telegraph—Press Assn. —Copyright. London, March 24. The butter market is easier. Danish, 120/- a cwt.; choicest salted New Zealand 114/- to 115/-, Australian 113/- to 114/-; unsalted, New Zealand 119/- to 120/-, Australian 118/- to 119/-. The cheese market is quiet. New Zealand, white and coloured, 69/- to 69/6 a cwt.: Australian, 67/6 to 68/6.

Par. Mar. 23. Mar. 24. N. York, dol. to £ 4.866 4.96} 4.96J Montreal, dol. to £ 4.866 4.98} 4.98} Paris, fr. to £ 124.21 162 9-16 162 1-16 Brussels, bel. to £ 48.611 29.504 29.48} Geneva, fr. to £ 25.225 21.635 21.64 Amst'dam, fl. to £ 12.107 8.974 8.97 Berlin, inks, to £ 23.43 12.374 12.37} St’holm, knr. to £ 18.159 19.415 19.415 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 26.50 Hel’fors, inks, to £ 193.23 226.125 226.125 Prague, knr. to £ 134.25 1421-16 142.125 Madrid, pes. to £ 25.225 — —— Lisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 94 5-16 94.25 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 i 72 13-16 B. Aires, p. to pesa 47.02 — M. Video, p. to peso 51 1211 t21J Calcutta, p. to rup. 18 184 184 Shanghai, p. to dol. 18 1141 +14k H.-Kong, p. to dol. — 144 144 Y’hama. n. to yen 24.582 1315-16 113 31-32 Batavia, fl. to £ 12.107 8.955 8.955 t Market Rate, t Sellers Official.

New Zealand Buying. Selling. CD 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. 3.9704 New York Doi. to £N.Z. . T.T. 4.0110 O.D. 4.0210 3.9804 Montreal T.T. 4.02S7 3.0963 Doi. to £N.Z. . O.D.’ 4.0407 4.0003 Austria T.T. —— —• Schgs. to £N.Z. O.D. —— — Belgium T.T. 23.888 23.578 Bel. to £N.Z. . O.D. 23.903 23.589 Czechoslovakia ... T.T. — 113.17 Krs. to £N.Z. . O.D. —- 113.22 Denmark T.T. 1S.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. — 128.03 Frs. to £N.Z. . O.D. — 128.57 Germany T.T. — 9.870 Mks. to £N.Z. . O.D. — 9.875 Greece T.T. — 429.u4 Drac. to £N.Z. . O.D. — 429.84 Holland T.T. 7.310 7.160 FIs. “to £N.Z. . O.D. 7.350 7.164 Italy Lire to £N.Z. . T.T. O.D. 75.56 75.61 Java T.T. 7.283 . 7.133 FIs. to £N.Z. . O.D. 7.323 7.137 Norway T.T. 16.182 15.892 Knr. to £N.Z. . O.D. 16.242 15.898 Noumea T.T. — 127.28 Frs. to £N.Z. . O.D. — 127.32 Papeete T.T. — 127.33 Frs. to £N.Z. . O.D. —— 127.37 Sweden T.T. 15.792 15.497 Knr. to £N.Z. . O.D. 15.852 15.503 Switzerland .... T.T. 17.567 17.297 Frs. to £N.Z. . O.D. 17.672 17.302 Cliefoo T.T. — 17 59-64 N.Z. d. to Doi. . O.D. — 17 29-32 Hong-Kong T.T. 18 21-04 : 18 45-64 N.Z. d. to Doi. . O.D. J 8 19-64 1S4O-04 India and Ceylon . T.T. 22| N.Z. d. to Rup. . O.D. 22 11-32 22 21-32 T.T. — J. ( 0.5-b-t N.Z d. to Yen . O.D. — 17 33-64 Manila T.T. 29 21-32 30 b-32 N.Z. d. to Peso . O.D. 29 9-16 30 5-32 Shanghai T.T. — 18 3-64 O.D. — IS 3-64 Singapore N.Z. d. to Doi. . T.T. O.D. 34 17-32 3u 1-64 34 7-10 35 1-64

U.S.A. Doi. Canadian Doi. Selling: (Per £1N.Z.) (Per £1N.Z.) T.T 3.97 13-19 3.996 q.u: 3.98 3-16 4.00 Buying: O.D. 4.02 1-10 4.04