FOREIGN EXCHANGES

Evening Post, Volume CXXIV, Issue 60, 8 September 1937, Page 14

FOREIGN EXCHANGES

Closing direct rates as quoted toy Hie Bank of New South Wales, Wellington, today for buying and selling foreign currencies based on New Zealand currency were as follows:—

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 16s Id in London. £1 Os Id in Australia, 16s 4Jd in U.S.A., 16s 4id in Canada, 17s O^d in France, 16s 4Jd in Italy, 9s 8d in Germany, lls lOd in Java, £1 8s Id in Japan.

Eggs were quoted on the Wellington wholesale market today at Is 2d for B grade. Is 3d for A grade, and Is 5d for supers.

Buying. Selling. New Zealand on £ s. d. £ s. d. London—£N.Z. to £ stg. . 100 T.T. 124 0 0 124 10 0 O.D. 123 10 0 124 8 9 Australia—£A to £N.Z. 100 ...... T.T. & O.D. 101 0 0 100 10 0 Fiji—£F. to £N.Z. 100 1 ' T.T. & O.D. 90 7 6 ' 89 0 0 New York—Dollars to £ N.Z. 1 T.T. 4.0066 3.9697 ■■ . O.D. 4.0166 3.9737Montreal—Dollars to £ ' , N.Z. 1 T.T. 4.00G8 3.9720 O:D. 4.0193 3.9760 Austria—Schillings to £ . , N.Z. 1. ' T.T. — 20,78 O.D. — 20.79 Belgium—Belgas to £ NrZ. 1 T.T. 23.778 23.-108 O.D. 23.853 23.479 Czechoslovakia — Crowns to £N.Z. 1. .. T.T. — 313.00 O.D. — 113.11 Denmark—Kroner to £ N.Z. 1 T.T. 18.203 17.893 O.D. 18.263 17.899 Trance—Francs to £ N.Z. 1 T.T. 107.99 105.99 O.D. 108.39 106.03 ■ Germany—Iieichm'ks to , ■ £N.Z. 1 T.T. — !>.S IS O.D. — 9.S53 Holland—Florins to £ N.Z. 1. T.T. 7.322 7.172 O.U. 7.362 7.176 Italy—Lire to £N.Z. 1. T.T. — • ■ 75.50 '' O.T>. — . 75.05 , Java—Florins to £.V.Z. 1 T.T. 7.2SI9 7.149 O,D. 7.339 7.153 Norway—Kroner to £ N.Z. 1 T.T. to.IS-' 15.SO? O.D. 16.242 15.898 Sweden—Kronor to £ K.Z. 1 T.T. 13.7S5 ir..J!)O O.D. 15.3-15 13.4 9(1'. Swltzerlnnd—Francs to N.Z. 1. ■ T.T. 17.513 17.213 0.1). 17.01S 17.MS ■ Noumea—Fnincs to £ N.Z, 1 T.T. 109.24 10.1.21 O.D. 110.44 105.2S Papeete—Francs to £ N.Z. 1 T.T. 109.21 105.19 O.D. 110.44 105. C3 Hong Konp;—N.Z. pence to 1 dollar .... T.T. IS 29-04 IS 53-64 O.D. IS 27-64 18 53-64 India & Ceylon—N.Z. . ... pence to 1 rupeo . T.T. 22% 22 21-32 O.D. 22 11-32 22 21-32 Japan—N.Z. pence to 1 yen T.T. — 1733-64 O.D. — 17 33-64 Shanghai—N.Z. pence to 1 dollar T.T. ■— IS 5-154 O.D. — IS 5-64 Singapore—N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 13-64 Chefoo—N.Z. pence to 1 . dollar T.T. — IS 35-64 O.D. — 18 17-32 Manila—N.Z. pence to 1 peso T.T. 29 49-01 30 17-04 O.D. 29 43-04 . 30 17-04