FOREIGN EXCHANGE RATES

Evening Post, Volume CXVIII, Issue 55, 3 September 1934, Page 12

FOREIGN EXCHANGE RATES

Closing sight rates on Saturday,, a.s ■quoted by the Bank of New South Wales., Wellington, for buying and selling foreign currencies, based on New Zealand currency, were as follows; — ' : September 1. . On Q? .. .. . demanrt-""" demand.' To £1 N.Z currency. Buying. Selling. France—Francs to £1 .. 01.03 "18.78 - Noumea —Francs to £1 , 02.13 57.83 Papeete—Francs' to £1 k. ' (51.88 38.28 ' Belgium—B'clgas to £ 1 . 17.39."- 16.260Germany—E'marks to £1 — 9.8C1 Italy—Lire to £1 — 44.94 Switzerland—Francs to £1 12.491 11.820 Holland—Florins to £1 . 0.040 T..694 Java—Fiorina to £1 .... G. 002 5.681 Japan—N.Z. pence to 1 yen ■ , — IS 1-S2 Shanghai—N.Z. -pence to 1 dollar 20 13-3:2 2131-32 India and Ceylon— X.%. pence to 1 rupees 22 5-32 22 9-10 Hong Kong—N.Z. pence to 1 dollar 22 21-32 23 31-32 Singapore—N.Z. ponco to 1 dollar ; .... 3411-32 3o 11-32 The above rates are for on demand transactions. The £1 is £1 in New Zealand currency. The above rates are subject to alteration without notice. Based on the above rates of exchange the value of £1 New Zealand currency in other countries is as follows: — Aus. 31. Sept. 1. £ 1 N.Z. £ s. d. £ s. d. London 0 16 1 0 16 1 Australia 1 0 1 1 01 United States 016 4 3, i 0 16 i% Canada 0 15 11% 0 15.11% France 0 9 ■ 6VI 0 9" 5% Italy 0 9'!)% 0 9 SVGermany 0 9 8M: 0 0 7%