EXCHANGE VIA FIJI.
To prevent Australian exchange business being transacted through Fiji, with the object of transferring funds to London, the Australian banks have decided to raise their buying rates for telegraphic transfers from par to £117 10s Australian for £100 Fiji. The selling rates have been increased to £118 ss. Previously the selling rate was £117 10s,'with a concession of £105 for genuine trade transactions. Australian bank exchange rates on London remain steady,- but a slightly ■ easier tendency developed in the outside market, business being put through at £133 7s 6d, or.2s 6d below the closing rate as on 10th June.
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https://paperspast.natlib.govt.nz/newspapers/EP19310618.2.131.17
Bibliographic details
Evening Post, Volume CXI, Issue 142, 18 June 1931, Page 14
Word Count
102EXCHANGE VIA FIJI. Evening Post, Volume CXI, Issue 142, 18 June 1931, Page 14
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