FOREIGN EXCHANGE RATES

Evening Post, Issue 20, 23 July 1935, Page 12

FOREIGN EXCHANGE RATES

Closing sight rates-as quoted by the Bank of New South Wales, Wellington, today for buying and selling foreign currencies, based on New Zealand currency,'are as follows:—'

demand* demand. ' . Buying. Selling. New Zealand on £ s. d. £ s. cl. London—JEX.Z. to £ stg. 10U 123 10 0 124 8 3 Australia—£A to £X.Z. 100 101 0 0 101 10 0 Fiji—£F to £.\.Z. 100 .00 7 0 89 0 0 New York—Dollars to . £X.Z. 1 '1.02'1i 3.98 Montreal—Dollars to £ X.Z. 1 4.03 3.98% Austria—Schillings to £ S.A. 1 — 20.74 Belgium—Belgas to £ ' £X.Z. 1 — 23.319 Czechoslovakia — Crowns to EX.Z.-l — . . 95.59 Denmark—Kroner to £ X.Z. 1. ...: 18.218 17.938 France—Francs to £ N.Z. 1 01.14 59.59 Germany—Kelclimarks to £.\.Z. 1. ..' — 9.704 Holland—Florins to £ k.z. i 6.050 -r:.754 Italy—Lire to £N.Z. 1. — 47.GS Jay to £ >\Z. 1 0.020 5.758 Xorwny—Kroner to '£ N.Z., 1 10.210 15.930 Sweden —Kroner to £ N.Z: 1 15.800 15.520 Switzerland—Francs to £ ' ■ X.Z. 1 12.482 12.017 Noumea —Francs to' £ N.Z. 1 02.19 58.84 Papeete—Francs to £ X.Z. 1 ' 02.19 58.84 Ilong Kong—N.Z. pence to 1 dollar 31% 32Vi India and Ceylon—N.Z. pence to 1 rupee 22 7-32 22% Japan—N'.Z. pence to 1 yen — — Shanghai—X.Z. pence to 1 dollar 22 9-10 23 15-10 Singapore—X.Z. pence to 1 dollar 313-32 35 3-32

The above rates are for on demand transactions, excepting the Japanese yen, which is for telegraphic transfers. The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice. Based on the figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately:— £ s. d. 0 lti 1 In London. 10 1 In Australia. 0 lfi 4 in U.S.A. 0 1G 4U In ' Canada.' (I il V in France. 0 10 SJi in Italy. 0 9 0,. In Germany. 0 0 6 in Java. „ 1 T 1 In Japan.