FOREIGN EXCHANGE RATES

Evening Post, Issue 25, 30 January 1935, Page 14

FOREIGN EXCHANGE RATES

Closing sight rates, as quoted by the Bank of New South Wales, Wellington, for buying and selling foreign currencies, based on Ne,w Zealand currency, are .as follows:— January 29. On On demand., demand. To £1 N.Z. Currency. Buying. Selling. France—Francs to £1 .. 00.93 ' 59.38 Noumea—Franca to £1 .. 61.98 58.63 Papeete—Francs to £1 .. 61.98 58.C3 Belgium—Bolgaa to £1 .. 17.440 10.055 Germany—R'marks to £1 — 9.651 Italy—Lire to £1 — 45.69 Switzerland—Franca to £1 12.524 12.059 Holland—Florins to £1 .. 6.030 5.734 Java—Fiorina to £1 5.989 5.718 Japan T.T. —N.Z. pence to 1 yen — — Shanghai—N.Z. pence to 1 dollar 21% 227-8 India and Ceylon—N.Z. ■ pence tq 1 rupee 22% 22 21-32 Hong Kong—N.Z. pence to 1 dollar 2613-32 2717-32 Slngapore-N.Z. pence to 1 dollar 84 8-H 85 8-16 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 as follows: —

Jan. 28. Jan. 29. £1 N.Z. £ s. d. £ »• <JLondon 0 16 1 0 16 1 Australia ........ 10 1 10 1 USA ........ 0 15 10% 0 15 10% Canada 0 15 10% 0 15 10% E-rance .......... 0 9 6% 0 9 6% Ital" 0 9 10K 0 9 10J4 Germany 0 9 5 0 9 6% Java 9 2,? ? ? ,?% Japan 1 7 11 I 1 U