FOREIGN EXCHANGE RATES

Evening Post, Volume CXVIII, Issue 121, 19 November 1934, Page 12

FOREIGN EXCHANGE RATES

Closing sight rates, as quoted by the Bank of /New South Wales, Wellington, for buying and selling foreign currencies, based on New Zealand .currency, were as Follows:—

The above rates are--for on-demand transactions, excepting the-Japanese yen. The £1 is £1 in New Zealand currency. The 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 us follows:— , Nov. 16.. Nov. IT. £1 N.Z. £ s. d. . £ S. d. London 0 16 1 0 16 1 Australia. 10 1 .10 1 U.S.A. ...'. 0 16 1% 0 16 1% Canada ...5....... 0.16 '9 •• ■ 0 15-8. France 0 9 8 1/.. 0 9 8% Italy •..• 010 0 ■ 010 0 Germany- 0 9 ' fi"4 0 9 6% Java •,.. >o'9-7i,i 0 9 7% Jap.m 1 7 10 1 7 11

November 17. , On On demand. demand. To £ 1' N'.Zl' currency. Buying. Scllinc. France—Francs to £1 .. B1.S1 CO.20 Noumea—Francs to £1 .. C2.S0 50.54 Papeete—Francs to £1 .. 02.83 jO.51 Belgium—Belgas to £1 .. 17.693 1G.908 Uormany—K'raarks to £1 — !).i80Italy—Llro to £1 ....' — <fi.2O Switzerland—Francs to £1 J2.C,-|7 -12.192 Holland—Florins to £1 .. «.12l ->.82S Java—Florins to £1 S.OOS 5.827 Japan T.T.—N:z. pence to 1 yen — — Shanghai—N.Z. pence to 1 dollar 10 13-32 20 23-32 India -and;. Ceylon—N.Z. pence to 1' rupee 22 j-32 22 9-1S Hong Kong—N.Z. pence to . 1 dollar 24'/j 2j% Singapore—X.Z. pence to 1 dollar -•.. 34 5-10 35 5-16