FOREIGN EXCHANGE RATES

Evening Post, Volume CXX, Issue 42, 17 August 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:— ' > On On demand. v demand. , •-.■■'.-. Buying. Selling. New Zealand on £ s. d. £s. d. London—£N.Z. to £ stg. 100 123 10 0 124 8 9 Australia—£ A to £N.Z. 100 i 101 0 0 100 10 0 Fiji—£F to £X.Z. 100 .90 7 6 89 0 0 New York—Dollars to i£N.Z. 4.03% 3.9S 3-8 Montreal—Dollars to £ N.Z.,1. 4.04V1 3.99=i Austria—Schillings to £ N.Z. 1. — 20.74 Belgium—Belgas to £ N.Z. 1. — 23.339 Czechoslovakia—Crowns ' to £N.Z. 1 _ 95,67 Denmark—Kroner to. £ ■ N.Z. 1. 18.218 17.938 France—Francs to £ * . N.Z. 1. 61.14 59.59 Germany—Reichmarks to £N.Z. 1. — 9.687 Holland—Florins to £ N.Z. 1. 6M2 5.766 Italy—Lire to £ N.Z. 1. . — 47.78" Java—Florins to £ N.Z. 1. 6.037 5.766 Norway—Kroner to £ N.Z. 1. 16.208 15.928 Sweden—Kronor to £ N.Z. 1. 15.797 15:517 Switzerland—Francs to ; N.Z. 1. 12.490 '12.025 Noumea—Francs to £ - ■ • "" N.Z. 1. 62.19 58.84 Papeete—Francs to £ N.Z. 1. 62.19 58.54 Hong Kong—N.Z. .pence to 1 dollar 29% 30iA India A Ceylon—N.Z. pence to 1 rupee 22 7-32 22% Japan—N.Z. pence to 1 yen — 17% Shanghai—N.Z. pence to 1 dollar 21^ 22% Singapore—N.Z. pence to 1 dollar 34 1-16 351-16 The above rates ar,e for on demand transactions, excepting the Japanese yen, which is for telegraphic transfers. The £1 is>£l-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 16 1 In London. 10 1 in.- Australia. 0 16 -4U in U.S.A. 0 16 5 in Canada. 0 3 7 In France 0 10 4 in Italy. 0 9 5% in . Germany! 0 9 6 In Java. 17 6 in Japan.