FOREIGN EXCHANGE RATES

Evening Post, Volume CXXII, Issue 97, 21 October 1936, Page 14

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:—

Buying. Selling. On demand. On domand. New Zealand on £ s. d. £ s. d. London— £X.Z. to £ ste. 100 '...123 10 0 124 8 9 Australia—£ A to £N.Z. ioo nn o o ioo io. o Fiji— £F to £N.Z. 100 ,11 If 89 0 0 New York — Dollars tv ; £N.Z. 1. 5.9C?i 3.92% Montreal—Dollars to £ N.Z. 1 3.06% 3.32% Austria—Schillings to £ . N.Z. i; — ■ 20.55 BelKlum—Belgas to £ , N.Z. 1 ... — 23.207 Czechoslovakia — Crowns to £N.Z. 1 — 110.00 Denmark—Kroner to •£ . N.Z. 1. 15.263 17.003 France—Francs to £ n.z. a. — si.is Germany—Reichmarka to £X.Z. .1. — . -. 0.698 Holland—Florins to £ N.Z. 1. .............. — 7.272 Italy—Lite to £N.Z. 1. — ■ 74.43 Java—Florins to £N.Z: . 1. — p 7.2C2 Norway;— Kroner to £ N.Z. 1 1G.241 15.901 Sweden—Kronor to £ N.Z. 1 13.545 15.500 Switzerland—Francs to £N.Z.,1. — 17.008 Noumea—Francs to £ N.Z. 1 — 82.83 Papeete—Francs to £ • N.Z. 1. — 82.98 Hong Kone^ —N.Z. pence to 1 dollar , 1813-64 3823-32 India and Ceylon—N.Z. pence to 1 rupee 22 11-32 2241-64 Japan—N.Z.' penco- to 1 : yen — 17 33-64 Shanghai—N.Z; pence to 1 dollar ' ..;.. 17 45-64. 18 7-32 Singapore^N.Z. pence to , 1 dollar 34% S5 3-1B Chefoo—N.Z. pence to ' 1 dollar 17 45-64' IS 23-04

The above rates are for on demand transactions. 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 16 1 in London. 10 1 in Australia. 016 m. in U.S.A. fl 16 W in Canada. 0 13 6% in Krance. ■ 016 1 in Italy. ' 0 9 6 in Germany, 0 12 0 in .lava. 1 8 O'/z in Japan.