FOREIGN EXCHANGE RATES

Evening Post, Volume CXVIII, Issue 78, 29 September 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:— September 28. On ' On demand. demand. To £1 N.Z. currency. Buying. Selling. France—Francs to £1 .. 60.93 M.f Noumea—Francs to £1 .. 61.98 58.6u Papeete—Francs to £1 .. K1.9S .>8.i>3 Belgium—Belgas to £1 .. 17.432 Jfl.G^ Germany—R'marks to £1 — .-,i° Italy—Lire to £1 — Ja.4S Switzerland—Francs to £1 Vl.Mi 1L"V; Holland—Florins to £1 .. «-022 »..26 .Tava—Florins to £1 5.369 5.608 Japan—N.Z. pence to yen — IS 1-16 Shanghai—N.Z. pence to V.dollar 20T. —li India nnd Ceylon—N.Z. _ pence to 1 rupeo J2 o-JJ -- J-lu Hong Kong—N.Z. pence to 1 dollar 23% 24& Singapore—N.Z. penco to 1 dollar 315-16 ojo-16 The above rates are for on demand transactions, excepting the Japanese yen, which is T.T. 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 ag follows:— . : . Sept. 27. . Sept. 28. £1 N.Z. £ s. d. £ s. d. London ..«..;.«. 0 16 l o 16 l Australia ....... 10 1 10 1 USA; . 0 16 IS 0 16 1% Canada 0 15 7% 0 ir, 7^ France I.".:....' 0 9 8tt 0 9 6»/ 3 Italy 0 9 10 0 9 10 Germany.. 0 9.6 0 9 5% .Tara 0 9 5'i « 3 4% Japan 1 7 3 I 7 o JAVA EXCHANGE. (By Telegraph.—Press Assn.—Copyright.) (Received September 29, 11.30 a.m.) BATAVTA, September 28. ■ Sterling c&m** 7'-5 Builders to £1.