FOREIGN EXCHANGE RATES

Evening Post, Volume CXXIII, Issue 2, 4 January 1937, 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 demand. On demuid. Buying. Selling. New Zealand on £ s. d. £ s. d. London —£N.Z. to £ stg. 100 ... 123 10 0 124 J! 9 Australia—£A to . £X,Z. 100 101 0 0 100 1(1 0 Fiji—£F to £N.Z. 100 . 90 7 6 89 « 0 4 New York—Dollars to ' £N.Z. 1. ........... 3.98% 3J»3% Montreal—Dollars to £ N.Z. 1 3.98H 3.) 4 Austria—Schillings to £ N.Z. 1. ............. . ,20.71 Belgium—Belgas to ,; £ ' ■ N.Z. 1. ......... — 23.280 Czechoslovakia —Crowns ..... to £N.Z. 1. - 111.69 Denmark—Kroner to. £ ■ ~0/11 JJ.Z. 1 18.263 1i.903 France — Francs to £ N.Z. 1 - S4 - ST Germany—Relchsmarks to £N.Z. 1 — 9 -' 3O Holland—Florins to ■£ N.Z. 1 — * _Vi 2' Italy—Lire to £N.Z. 1. . — • i -' b Java—Florins to £N.Z. „ , 1 — '- 1 - 1 N Tz Sr T Kr ° ne . r ... t . 0 .,.. 16.241 15.J01 I'"""...! 0 .. 2 15-845 15.500 Switzerland —Francs to £ . . N,Z. 1 — I'- 0 " Noumea —Francs to £ , N.Z. 1 — BZ ' BJ Papeete—Francs to £ .. N.Z. ~ S3UI Hong Kong—N.Z. pence 1R „ R4 to J dollar 18 3-18 18 53-54 India and Ceylon—N.Z. ~11.11! pence to 1 rupee .... 22 2a-64 22 11-16 Japan—N.Z. pence to 1 _ n7 32 IT 49-64 18 9-32 S TZZ7*: Z :. P ™*.'° 353-16 Chefoo—N.Z. pence to 1 dollar 17 4i-64 dollar rates. The Associated Banks (other than the Bank of New 1 South Wales) quoted the following dollar rates today, on a New Zealand currency basis. pey are subject to alteration without nol.ice. U.S.A. Canadian dollars, dollars. (Per £1 (Per £J 'N.Z.) . N.Z.) Selling— , m m 3.93J 3.931 On demand • • 3.94 3.93 a Buying— On demand . 3.981 3.98 RAW MATERIALS. (By Telegraph—Press Assn.—Copyright.) .. ' LONDON, January 2. Thursday's closing prices for the following raw materials were as follows, those for December 26 being shown in parentheses:— ' , Cotton.— Liverpool quotation, good American middling, spot, 7.10 d a lb (6.94 d); February delivery, 6.85 d (8.70 d). , ; Rubber.—Para, 14d a lb (13d>; plantation smoked ribbed sheet, 10 ;i-8d (10 1-16 d). - '' Jute.—January T February shipment, Indian jute, Dundee quotation, £19 2s 6d (£l9 10s). Copra.—January-February shipment, South Sea to London or Rotterdam, £21 12s 6d a ton (£21); smokeid, Marseilles or Genoa, £21 12s 6d a ton (£21); plantation. Rabaul to London or Rotterdam, £22 12s 6d a ton (£2l 17s 6d). Linseed Oil.—£3o 10s a ton (£3O). Turpentine.—43s 9d a cwt (41s 9d).