FOREIGN EXCHANGE RATES

Evening Post, Volume CXVIII, Issue 56, 4 September 1934, Page 12

FOREIGN EXCHANGE RATES

Closing eight 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: —

September 3. On On demand. demand. Tn £1 N.Z. currency. Bu.vlng. Selling. France—Francs to £1 .. .61.03 58.78 Noumea—Francs to £1 . 62.13 57.83 Papeete—Francs to £1 . 61.SS 58.28 Belgium—Belcas to £1 . 17.411 1f1.27fi Germany—R'marks to £1 — , ■ 9.8(i4 Italy—Lire to £1 — 4-UI4 Switzerland—Francs to £1 12.499. . 11.834 Holland—Florins to £1 .. 6.044 5.698 JaTii—Fiorina to £1 .... 6.002 5.651 Japan—X.Z. ponce to 1 yen — ISVs Shanghai—N.Z. pence to 1 dollar 20 5-1G 217 a India and Ceylon—N.Z. pence to 1 rupee 22 5-32 22 9-18 Hong Kong—l\".Z. pence to 1 dollar 22% 24 1-16 Singapore—N.Z. pence to 1 dollar 34 11-32 35 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:— Sept. 1. Sept.3. CIN.Z. £ s. d. £ s. d. London 0 1G 1 0 16 1 Australia 10 1 10 1 United States 0 IB 4% 0 16 2 Canada 0 15 11% 0 15 9% France '.. 0 9 3% 0 9 SV& Italy 0 !) BV2 0 9 8M: Germany ~ 0 9 7% 0 9 7%