FOREIGN EXCHANGES

Dominion, Volume 31, Issue 191, 11 May 1938, Page 14

FOREIGN EXCHANGES

Position Of Sterling

By 'Telegraph.—Press. Assn.—Copyright. London, May 9.

t Market Rate, t Sellers Official. London, May 9. Gold—£6/19/10 an ounce, fine. Silver.—Spot, 18 11-16d’. an ounce; forward, 18 7-16 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

I In- As.-Oi. , inn i 'i Heidi-, ■"till 1 ' 'lull, th o Hunk Ol' New Soiilli Wiiiesi i|uuteil tlie I’olfollowing dollar rules yesterday on a New Zeabiii'l currency basis They -ir<- subject ■ (l iilteralion without notice

Bradford Tops Market Quiet IL l ek-ei-api)--Pn-s* uinvrii.'lii fxmdou. May P. I’lrn Bradford tops market is quiet ami uimhanged pending reports from the London wool sales.

The following i nean closing rates oil foreign exchanges were current to-day compared with those ruling on May 7: — Par May 7. May 9. N. York, dol. to £ 4.866 4.988 4.9711-16 Montreal, dol. to £ 8.866 5.01J 5.00} Paris, fr. to £ 124.21 177 29-32 177 25-32 ■Montreal, dol. to £ 4.860 29.61} 29.575 Geneva, fr. to £ 2'5.225 21.76} 21.775 Amst’dam. fl. to £ 12.107 S.96S 8.9.8} Berlin, inks, to £ St’holin, knr, to £ 23.43 12 38} 18.150 19.405 19.40 C’hugen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ 18.159 19.90 19.90 Hel'fors, ink? to £ 193.23 226.125 226.125 Prague, knr. to £ 134.25 143.125 142.87.5 Madrid, pes. to £ 25.225 — —— Lisbon, esc. to £ 100 110 3-16 110 3-16 Milan, lire to £ 92 94 13-16 94.625 Athens, drae. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 677.50 677.50 Belgrade, din. to £ 276.31 217 217 liio de J ., p. to mil 4.99 72 13-16 72 13-16 B. Aires, p. to pesa 47.62 19.025 19.025 M. Video, p. to peso 51 719} * 193 „ .0 Calcutta, p. to rup. 18 17 29-32 17 29-32 Shanghai, p. to dol. 18 12 12 H.-Kong, p. to dol. — 14 15-16 14 15-16 Y'hama, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.97 8.95

yesterday:— New Zealand Buying. Selling. UH 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 SN’.Z. 100 O.D. .101 100/10/Fiji T.T. 00/7/0 81) £F to SN.Z.100 O.D. 90/7/0 89 New York t r. 4.0241 3.981)5 Doi. to £N.Z. . O.D. 4.0341 3.9035 Montreal T.T. 4.0482 4.0157 Doi. to £N.Z. . O.D. 4.0! >02 4.0107 Belgium T.T. 23 9<i3 23.053 Bel. to £N.Z. . O.D. 24.038 23.0114 Czechoslovakia .. T.T. — 113.01 Krs. to £N.Z . O.D. 113.90 17.893 Denmark T.T. 18.203 71 I* *t ft A.* /, < > 18.203 17.899 Finland T.T. 184.07 170.17 Mks. to £N.Z. . O.D. 185.37 179.27 France T.T. — 141.08 Frs. to £N.Z. . 0.1). — 141.12 Germany t t. i — 9.878 Mks to £N.Z. . O.D. — 9.883 T.T. -— 429.54 Drac. to £NZ. . O.D. — 129.84 Holland T.T. 7 323 7.173 FIs. to £N.Z. . O.D. 7.177 Italv T.T. — 75.80 Lire to £N.Z. . O.D. — /.) ,S;> Java T.T. 7.295 7 145 O.D. , 335 7.149 Norway T.T. 10.182 15.802 Krs. to £N.Z. . O.D. 10.242 15.898 Noumea T.T. 139.83 Frs. (o £N Z. . ( ) ] > 139..- 7 Papeete T.T. — 139,88 Frs. to £N.Z. . (I ( > 139.92 T.T. 15.789 15.49 J Krn tv 2N.Z. . O.D. 15.8 III 15.50 ' Switzerland T.T. 17.073 17.403 O.D. 17.778 17.10.8 f’lljliiw. ..... ') 1 i 15 31-32 N Z <1. to Doi. . O.D. 15 61-64 Hong-Kong 'l.l. 18 21.-04 1S 4;>-l»4 V '<5 <1 f, r 1 ) < 11 < i i >. IS 19-01 Is 4*>-04 In ilia ami Ceylon T.T. 22 J 22 13-32 N'.Z. <1 to Klip. (>.l >. Japan T.T. 17 31-04 N.Z. ll. tn Von . O.D. 17 31-04 Manila t.t. 211 35-111 30 3-01 O.D. 29 29-01 30 3-64 Shanghai T/r — 15 11-32 N.Z. (1. to Doi. . O D. 15 11-32 Singapore T/r. 34 21 -u 1 34 13-10 N'.Z. il. to Doi. . (>. 1 >. 111 15-6-1

U.S.A. Do). Canadian Doi, Selling'. < i’(*]* V 1 N 1 (I’erSIN.Z.) »P r l' ::.oo 4 01 U.U. 3.003 1.0115-10 Buying: 4.05 1'5-10 O.T>. 4.03 5-10