FOREIGN EXCHANGE RATES

Evening Post, Volume CXVIII, Issue 33, 8 August 1934, Page 12

FOREIGN EXCHANGE RATES

Closing sight rates yesterday, as quoted by the Bank of New South Wales, Wellington, for buying and selling foreign currencies, based on New Zealand currency, were as follows:— On On • demand. demand. To £1 N.Z. currency. Buying. . Skiing. .France—Francs to £1 • 62.44 SO.ls Noumea —Francs to £1 . G3.u4 ii'~i Papeete-Francs to £1 . 03.29 "59.09 M^SK^i -805 ?: " Japan—N.Z. pence to 1 yen — 1< la-lb Shiinghal-N.Z. pence to ~,. 1 dollar 19 5-10 20 7-8 India & Ccylbn-N.Z. penco to 1 rupee 22 z-Al a /a . . Hong Kong—NZ. peuco ~ » 1R to 1 dollar ..•■•• 217-8 23 3-16 Singapore—N.Z. psnee to 1 ~.,,. dollar 34 5-16 35 5-16 The above rates are for, on demand transactions. The £1 is £1 in New ZealandNcurrency. $ LONDON AND AUSTRALIA RATES. The Associated. Banks of New Zealand quote the following rates of exchange on London as from. August 1:— ■ NEW ZEALAND ON LONDON, '■■■ Buying. Selling. £ s'. d.V ' ' £ s. d. 124 0 0 T.T. 124 10 0 123 10 0 Demand 124 7 6 123 9 0 ; 3 clays . 123 5 0 30 days 124 5 0 123 0 0 GO days 124 2 6 122 15 0 ■ 00 days 124 0 0 122 10 0 ' 120 days Basis £100 London. The following are the rates between New Zealand and Australia as from August 1: NEW ZEALAND ON AUSTRALIA. Buying, £101. Selling, £100 10s. x Basis £100 New Zealand. •