FOREIGN EXCHANGES

Dominion, Volume 31, Issue 251, 20 July 1938, Page 14

FOREIGN EXCHANGES

Position Of Sterling

By Telegraph.—Press. Assn.—Copyright.

London, July 18.

The following mean closing rates on foreign exchanges were current to-day compared with those ruling on July 16: —

London, July 18. Gold.—£7/1/3 an ounce, tine. Silver.—Spot, 19 5-10 d. an ounce; forward, li)i<l.

On New Zealand Currency Basis

The Bank uf New Soutfi Wales, Wellington, quoted the following rates for their purchases anti sales of foreign exchange yesterday: —

The Associated Ranks (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. U.S.A. Doi. Canadian Doi. Selling— (Per SN.Z.i (Per£N.Z.) T.T. 3.01 9-16 3.901 O.D. 3.95 3.97} bU ‘ V OJ>7 3.98} 401} N.Z. Pound Abroad Based on llgures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately. 13/1 in London. £l/0/1 in Australia. 10/2} in U.S.A. 10/3} in Canada. £l/2/10} in France. 10/2} in Italy. 9/6} in Germany. 11/9} in Java. £l/8/02 in Japan.

Par. July 10. July 18. N. York, dol. to £ 4.8G0 4.93 4.92 7-16 Montreal, dol. to £ 4.860 4.96 4.951Paris, fr. to £ 124.21 178 19-0-1178 11-04 Brussels, bel. to £ 48.611 29.13 29.12 Geneva, fr. to £ 25.255 ■21.52} 21.50} Am'st’dam, fl. to £ 12.107 8.95} 8.90 Serlln, inks, to £ 23.43 12.27} 12.26} St’holm, knr. to £ 23.43 19.395 19.395 C’hagen, knr. to £ 18.159 22.40 22.40 Oslo, knr. to £ Heritors, inks, to £ 18.159 19.90 19.90 193.23 226.75 226.75 Prague, knr. to £ 134.25 142.50 142.50 Madrid, pes. to £ Lisbon, esc. to £ 25.225 , I. 100 110 3-16 110 3-10 Milan, lire to £ 92 93 11-10 93.625 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.60 667.50 667.50 Belgrade, din. to £ 276.31 217 217 Rio do J., p. to mil 4.99 }2 27-32 42 27-32 B. Aires, p. to pesa 47.62 18.095 18.975 M. Video, p. to peso 51 J20 120 Calcutta, p. to rup. 18 17 29-32 17 29-32 Shanghai, p. to dol. H. Kong, p. to dol. IS 8} 141'5-10 8} 14 31-32 Y’hama, p. to yen 24.582 14 14 Batavia, fl. to £ 12.107 8.945 8.94 t Market Rate . t Sellers Official.

New Zealand Buying Selling. on London * T.T. 121 124/10/£N.Z. to £stg, 100 O.D. 123/10/124/8/0 Australia T.T. 101 100/10/to £N.Z. 100 Fiji O.D. JOI. 100/10/. a.’.T. 00/7/0 89 £ F to £ N.Z. 100 o.D. 90/7/6 80 New York T.T. 3.0797 .9453 Doi. to £N.Z. . O.D. 3.0897 3.9493 Montreal T.T. 3.9992 3.9b68 Doi. to £N.Z. . O.D. 4.0112 3.9708 Belgium T.T. 23.595 23.281 Bel. to £N.Z. . O.D. 23.666 23.392 Czechoslovakia .. T.T. —■ 113.02 Krs. to £N.Z. . O.D. —— 113.6 i Denmark T.T. 18.203 17.893 Knr. to £N.Z. . O.D. 18.263 17.899 Finland T.T. 185.44 179.64 Mks. to £N.Z. . O.D. 185.84 179.74 France T.T. .144.64 142.14 Frs. to £N.Z. . O.D. 145.64 142.18 Germany T.T. — 9.779 Aiks. to £N.Z. . O.D. — 9.784 Greece T.T. — 429.54 Diac, to £N.Z. . O.D — 429.S4 Holland T.T. 7.293 7.143 FIs. to £N.Z. . O.D. 7.333 1.147 Italy T.T. .— 75.07 Lire to £N.Z. . O.D. — 76.12 1 n T.T. i . i . i FIs. to £N.Z. . O.D. 7.315 ' 7.129 Norway ......... r l . I 16.182 15.892 Krs. to £N.Z. . O 1J. 16.242 15.898 Noumea T.T. 147.14 140.39 Frs. to £N.Z. . O.D. 147.61 140.43 Papeete Frs. to £N.Z. . T.T. O.D. 146.54 147.54 140.54 140.58 Sweden T.T. 15.786 15.491 , O.D. 15.846 15.497 Switzerland T.T. 17.460 17.190 Frs. to £N.Z. . O.D. 17.565 17.195 Chefoo T.T. — 121 N.Z. d. to Doi. ■ O.D. —-• 12 15-64 Hour Kong T.T. 188 181 N.Z. d. to Doi. . O.D. 18 11-32 18} India and Ceylon T.T. 22 7-64 22 2«>-64 N.Z. d. to Rup. O.D. 22 5-64 22 25-61 Japan N.Z. d. to Yen T.T. O.D. 17 33-tH 17 33-64 T.T. 29 49-64 30 17-64 N.Z. d. to Peso . O.D. 20 43-61 30 17-64 Shanghai N.Z. d. to Doi. . T.T. O.D. 11 25-32 11 25-32 Singapore N.Z. d. to Doi. . . T.T. O.D. 34 17-32 34 7-16 3b 1-64 35 1-64