FOREIGN EXCHANGE RATES

Evening Post, Volume CXX, Issue 141, 11 December 1935, Page 14

FOREIGN EXCHANGE RATES

Closing sight rates as quoted by the BariK of New South Wales, Wellington, today, for buying and selling foreign currencies based on New Zealand currency are as follows:— On On demand. demand. Buying. Selling. New Zealand on S s. d. £ s. d. London—£N.Z. to £ stg. 100 123 10 0 124 g 9 Australia—£ A lo £N.Z. 100 101 0 0 100 10 0 Fiji—£F to £N.Z. 100 .90 I 6 89 0 0 New York—Dollars to £N.Z. 1 4.00 3.95'/o Montreal—Dollars to £ N.Z. 1 4.011/S 3.99% Austria—Schillings to £ NZ. 1 — 20.90 Belgium—Belgas to £ N-Z. 1 — 23.22G Czechoslovakia—Crowns -to £X.Z. 1 — 95.42 Denmark—Kroner to £ N.Z. 1 18.218 17.938 France—Francs lo £ N.Z. 1. 60.99 59.14 Germany—Reiehmarks to £N.Z. 1 — 0.031 Holland—Florins to £ N.Z. 1 6.03S 5.7-12 Java—Florins to £ N.Z. 1 5.993 5.722 Norway—Kroner to £ N.Z. 1 16.210 15.930 Sweden—Kronor to £ N-Z. 1. ..' 15.800 15.520 s-wiizerlana—Francs to £N-Z. 1 12.320 12.001 Noumea—Francs to £ N.Z. 1 62.01 35.G9 Papeete—Francs to £ N.Z. 1 62.01 55.69 Hong Kong—N.Z. penco to 1 dollar 19 9-16 20 29-32 India and Ceylou—N.Z. pence to 1 rupee 221 i 22 21-32 Japan—N.Z. pence to 1 yen — 1754 ShaiiEliai—N.Z pence to 1 dollar 17 7-32 IS 41-64 Singapore—N.Z. pence to 1 dollar 1 34 7-32 33 7-32 The above rates are tor on demand transactions. The £1 i's'£l in New Zealand currency. The rates are subject to alteratiop 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:— £ a. d. 0 16 1 In London. 10 1 in Australia. 0 16 2% in U.S.A. 0 16 5 in Canada. 0 9 6% in France. 0 9 5% in Germany. 0 9 5% in Java. 1 7 10 V& in Japan.

The Rockhampton branches of Dalgety and Co. and Walter Reid and Co., Ltd., agents respectively for the Aberdeen and Commonwealth Line and the Blue Star Line, have announced that their principals have together arranged a cargo service from London to North Queensland ports. Vessels of the Aberdeen and Commonwealth Line will discharge at Gladstone, Townsville, and Cairns, and those of the Blue Star Line at Port Alma and Townsville.